January 9th, 2010
04:03 PM ET
4 years ago

SOTU: Tourists return to Wyoming parks, but hold tight to money

California residents are voting to decide on measures that could impact the state's growing deficit.
California residents are voting to decide on measures that could impact the state's growing deficit.

Teton Village, Wyoming (CNN) – At the Apres Vous chair lift, Nick Merluzzi is always quick with a smile and a greeting: "Have a good run, sir," is his sendoff to one skier. "How are you doing today?" is his greeting to the two that approach next.

It is a firsthand look at one of Wyoming's leading economic indicators: Visitors to the Jackson Hole Mountain Resort, which is hoping for a rebound after big drops in consumer spending and confidence hurt business last season.

"This feels good right now," Jerry Blann, the resort's president, said of the early weeks of the season. Christmas week was up from last year, and the resort says bookings for the rest of January and February also look on track to eclipse last year's numbers.

"I think people have been conservative, been holding their pocketbooks pretty close for a while," Blann said. "I think they are ready to jump out."

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Filed under: State of the Union • Wyoming
soundoff (4 Responses)
  1. Denna

    If employers don't stop laying people off, this country will never rebound. There just has to be a way to employ people and keep expenses down. However, businesses are so stuck in the old way of doing things, innovative ways to keep people employed is not even on their radar. That's a shame.

    January 9, 2010 04:11 pm at 4:11 pm |
  2. John in Indy

    wrong approach. America is the 2nd most expensive country in the world to do business in. personal taxes may be low, but corp taxes, cap gains taxes, environmental impact taxes, ect... are enormous. See, companies are not in business to provide jobs, companies exist to TURN A PROFIT! when America gets serious about lowering the overall costs of doing business here we will see growth in employment. You wonder why so much manufacturing moves to other nations? those countries make it very attractive for them to do business there. The reason Japanese car companies build cars here is 3-fold; 1. reduced time to market and shipping costs, 2. educated, experienced employee corps, 3. cheaper taxes on profit than in Japan (worlds most expensive corp tax rates)
    So think about it, if govt loosens taxes, but attracts businesses that grow jobs, our economy becomes healthy and govt tax revenue GROWS due to increased volume! jeez, jus basic econ 101!!!!!

    January 9, 2010 07:13 pm at 7:13 pm |
  3. Claudia, Houston, Tx

    For years employers have been nursing the same old systems instead of being innovative which dictated the failures we see now. CEO's were paid outrageous salaries to be head nurses and brought nothing new or innovative and in most cases fired people who were innovative or attempted to make change. America didn't see the gravey train running out while China knew how important it was to use the best and the brightest of their population to move them forward. We failed ourselves and we have nobody else to blame.

    January 9, 2010 07:20 pm at 7:20 pm |
  4. Keith in Austin

    @Denna

    When are naïve kool aid drinkers going to come out of the fog of right-wing idiocy? Please don't blame the lack of jobs on business owners! Wake up and realize that the Federal debt has now quadrupled under Obama and Democrat-controlled Congress. Businesses are being strapped with heightened regulation, increasing taxes,and reduced opportunity to expand. Big Government Socialistic Spending is why people are out of work and personal spending is down because disposable income among many Americans is gone! Thank Barry and Pray that American Businesses can weather his illgotten lunacy!

    January 9, 2010 09:32 pm at 9:32 pm |