December 27th, 2009
09:34 AM ET
8 years ago

Rendell, Daniels assess economic recovery

(CNN) – Two of the nation’s chief executives – Govs. Mitch Daniels of Indiana and Ed Rendell of Pennsylvania – assessed the current state of the economy on CNN’s State of the Union.

While economic signs are pointing to a recovery, both governors said the conditions in their own state aren’t so rosy.

“I'll say that when I talk to businesspeople, they're a lot more guarded than what some of the economists are saying just looking at the macro data,” Daniels said. “Here in Indiana, we're well below the national average. We're the lowest unemployment in the Midwest.”

While conditions may be slightly better in Pennsylvania, Rendell said business leaders are taking a cautious approach when it comes the state’s recovery.

“Businesses are still cautious, because they can't get lines of credits, they can't get sufficient loan guarantees. They simply can't get capital. And that's true for developers. It's true for all sorts of businesses,” Rendell said. “But we're seeing some very hopeful signs, and we're cautiously optimistic.”

Filed under: Ed Rendell • State of the Union
soundoff (11 Responses)
  1. Death Panel Sarah

    Daniels said. “Here in Indiana, we're well below the national average. We're the lowest unemployment in the Midwest.”

    I thought they wanted LOW UNEMPLOYMENT!!
    Why is he complaining if he has the lowest Un-employment???

    If conditions are better in Pennsylvania, it must be pretty good there!!

    December 27, 2009 09:55 am at 9:55 am |
  2. jules sand-perkins

    There is no recovery at all: LOOK AROUND YOU.
    When the administration says there is "recovery," we are expected to assume that it's somewhere else.

    December 27, 2009 09:57 am at 9:57 am |
  3. PA

    If the situation is better in PA, Rendell has done nothing to make it so. Rendell is a worthless politician.

    December 27, 2009 10:20 am at 10:20 am |
  4. jules sand-perkins

    It's easy to test the recovery for yourself: buy something made in Europe.
    The first time I went to Europe with American dollars in my wallet (1966), I was treated as if I were a deity.
    Today, take your American dollars into a liquor store and ask for a good cabernet sauvignon from France. Betcha you'll walk out with a bottle from California.
    My European friends come here just to shop because our prices are so cheap to them.
    How much "recovery" is there where our currency fares so poorly in the world?
    Don't decide that Obama is working miracles just because you are getting more perks from being on welfare every time the Dems ram through a new Marxist program.

    December 27, 2009 10:41 am at 10:41 am |
  5. larry

    Daniels is looking for more things to privatize. He probably lease another highway to another country. Daniels has many failed policies that has cause us in Indiana a lot of money...the same as he did when he worked for the government. Daniels is a worthless piece of crap in a state that would elect just about any republican or republican lite like Bayh.

    December 27, 2009 10:55 am at 10:55 am |
  6. Death Panel Sarah

    jules sand-perkins....
    My wife's family has been coming here for 3 years to buy cheaper things.....
    Don't act like this is a recent development.
    The dollar has been plunging since 2001!!(The last year of a SURPLUS budget!)

    December 27, 2009 10:58 am at 10:58 am |
  7. Hugo

    Let's see Pennsylvania home of master of corruption John Murtha and flip flopper Arlen Specter and Indiana what can you say other than the home of the RV, Americas biggest phony baloney industry... Anyone ever sit back and wonder why the Senate leaders seem to all come from States that are both morally and economically bankrupt? Their own States are a disaster so people elect them and send them to Washington to spread their disease, I mean just take a look at our Messiahs home State, the jewel of social decadence and decay. It should not be how did Obama do in 2009, it should be how did you do in 2009!

    December 27, 2009 11:32 am at 11:32 am |
  8. Nurse

    Then the buisness does well and is demonized as greedy and targeted for tax's and pay control . Down goes the buisnes and the libs all pat themselfs on the back.

    December 27, 2009 11:52 am at 11:52 am |
  9. mark

    what recovery, unemployment is in excess of 10%

    December 27, 2009 12:14 pm at 12:14 pm |
  10. J.C. - Independent 4 Public Option

    If our small businesses hear that there will be Public Option or Medicare buy-in, they will start hiring more workers as their benefit costs will be reduced fast, which translate into product cost reduction and more competitiveness globally.

    December 27, 2009 01:35 pm at 1:35 pm |
  11. vwrtb

    Republicans can't wait to get back in office and finish destroying out country... Amazing!

    December 27, 2009 02:57 pm at 2:57 pm |