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Moving a moving Long Island economy

January 3, 2009 By PEARL M. KAMER Pearl M. Kamer is chief economist at the Long Island Association, a business organization. She also serves as an economic adviser to the Ways and Means Committee of the New York State Assembly.

As 2009 begins with employment declining, home values falling, foreclosures increasing, retirement funds depleted and consumer and business credit virtually frozen, it's hard for Long Islanders to feel hopeful about their economic futures.

Given the uncharted territory in which national policymakers find themselves, it is difficult to project when a rebound will occur. Even the most optimistic...

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