Kiplinger.com predicts the 2008 economy is a "...precarious balance -- an economy highly vulnerable to any shock: weather or war induced, energy related, financial or other. But barring such a blow, the U.S. economy in 2008 should limp along, avoiding outright recession."
How will Ohio fare in the New Year and are we prepared to meet the challenge of difficult economic times?
Ohio Treasurer Richard Cordray is dedicated to improving Ohio's financial health through financially healthy Ohioans. In his inaugural remarks in January of last year, Cordray said, "Every public office also has the opportunity to address other needs and cares that may be going unmet. To this end, we propose to shape an effective course in personal finance education for young and old and in-between; to help those who face the anxiety of debt or foreclosure or bankruptcy; to join our new Governor and Lieutenant Governor in stimulating the economy of this State; and to assist our many local officials in better governing their fiscal affairs."
Over the last year Cordray has been working hard to put his words into action, launching numerous programs to assist individuals and business owners in order to improve their financial well-being. He has also been working with federal, state and local government officials to stimulate economic development and address critical concerns, such as the ongoing foreclosure crisis.
Elected in 2006, Cordray manages all banking functions for the State of Ohio and an investment portfolio averaging $18 billion. He is experienced in government, having served as Franklin County Treasurer, a State Representative, and Ohio's first State Solicitor.