Bishop says Housing key to jump starting economy -, South Georgia News, Weather, Sports

Bishop says Housing key to jump starting economy

By Karen Cohilas - bio | email

August 21, 2008

ALBANY, GA (WALB) - The unemployment rate in Georgia is the highest it's been in more than 15 years. Thursday, the labor department announced that the unemployment rate rose to 6.8% in July, the highest it's been since 1993.

United States Congressman Sanford Bishop says the solution is to jump start the housing industry. Addressing the Albany and Artesian City Sertoma Civic Clubs, Congressman Bishop told members he knows that gas prices and the economy are on everyone's minds.

He says the recent passage of legislation to help protect homeowners may be one way to stabilize the economy.

"If the housing industry and the Homebuilding industry jump starts again," said Bishop, "you have a multiple shot into the arm of our local economy because the tremendous impact that homebuilding has on retail for home furnishings, as well as the construction jobs, all of that goes into creating a more sound economy."

Congressman Bishop is in South Georgia for a district work period, in which he goes around to different parts of the community to listen to citizen concerns, so he can take those issues back to Washington.


Powered by Frankly