Cutting the Fat

http://mobile.nytimes.com/article;jsessionid=FB8ED3D0EF75A15CABBA25C2A38E3FA1.w6?a=260986&f=19

Floyd Norris does a good job picking up on the important fact that a lot of the recent economic pain has been regional in nature.

Too much cheap land and old people migration in the south west and south east. Too many wall street day cats going hungry in Greenwich. The continuing slow decline of the rust belt - and people not being given access to the skills and capital to fill the void.

Hopefully this fact will not be lost on the new administration as people continue to call for blunt national solutions (stimulus checks, tax breaks).