"Stable" Commercial Market Will Again be Tough in 2010
Governor Mitch Daniels is again stressing Indiana is coping with the recession better than many states. During his State of the State address, Daniels pointed out that despite declining revenues, Indiana has not followed many other states that have raised taxes or plan to do so. Daniels also said Indiana secured 20,000 new job commitments last year, when new investment in business across the county dropped by nearly one-fourth.Continuing weakness in the labor market has emboldened those in policy making positions who favor additional fiscal stimulus and job creation. After reviewing the federal government's latest jobs report, Christina Romer, chairman of President Obama's Council of Economic Advisers, declared that "the sense that we need to do more is overwhelming."