Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 4 · column 1 of 3 · from the scan, no model involved
Main Street
trumps
Wall Street
Tip O’Neill — the garrulous former speaker of the
House - once said that. ‘All politics is locals And
while the great bailout of 2008 bombed in the face of a national populist uprising not seen since New Coke, it could be said that all economics is local too.
The hype and hysteria issuing from Wall Street only served to further illustrate how out of touch and disconnected big business banking is from Main Street America. Although people are certainly feeling the impacts of a depressed housing market, high oil prices and general economic malaise brought about by an unpopular war and lame duck presidency, the bright spot is that amidst all this the economy has not failed and businesses continue to operate.
Indeed, it is important to keep in mind that the larger economy is a reflection of a thousand smaller local economies and it is here at home that we have the most influence over which direction the economy goes. Several articles, community events and publications recently have been telling the virtues of buying local. Today’s banking story relates the advantages of investing local too.
Without minimizing the all too real impacts a slowed economy has had here in the county — closed businesses, difficulty making ends meet, fuel costs, mortgages — we think it is important to remember that an economy is money in circulation and that the more we circulate money at home, the better off our community will be.
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