To Our Readers

By John Flanagan

Saturday, November 2, 1996


Down so long,
it looks like up

THE road to Bill Clinton's anticipated victory next Tuesday was built on the economy. "It doesn't get any better than this," a mainland economist told Honolulu business people this week. "It's not perfect, but you can see it from here."

Economic strength is the ray of light that pierces the ever-darkening clouds of partisan ethical, moral and even criminal accusations gathering over the White House. This beam illuminates the epitaph of the Clinton administration - words now forever etched in stone - "It's the economy, stupid."

In 1997, some of that economic vigor should finally reach us. A trickle of new jobs - about 2,650 is First Hawaiian Bank economist Leroy Laney's estimate - should begin to resuscitate an Island economy that has been flat-lining since 1990.

To really get the blood flowing, Laney says, we need a big project that will put construction workers back on the job. Renovating Waikiki could be just the ticket.

More jobs mean increased demand for housing, goods and services. It means the next generation can work and live in Hawaii.

Meanwhile, the Internet and the communications revolution promise to lift many of the barriers created by our remote location, bringing Hawaii into the world economy.

The pruning and fertilizing has been done; buds are beginning to form on the stems. It's time to look forward, not back.



John Flanagan is editor and publisher of the Star-Bulletin.
To reach him call 525-8612, fax to 523-8509,
e-mail to publisher@starbulletin.com
or write to P.O. Box 3080, Honolulu, Hawaii 96802.





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