1 million Number of jobless Floridians
$7.5 trillion U.S. public debt
2.1 million Floridians receiving SNAP benefits (food stamps)
40% Area home sales involving foreclosure or pre-foreclosure
50.6% Percent of Tampa Bay homeowners whose mortgage is greater than the value of their home
4.2% U.S. savings rate
416 Troubled banks on the FDICÍs watch list
50,000 Estimated loss in FloridaÍs population year over year
Sources: U.S. Treasury; FDIC; U.S. Bureau of
Labor Statistics; Commerce Department;
First American CoreLogic
* * *
Sept. 30, 2008
"A deal that was done last week doesnÕt exist today. Things are
just frozen up."
Ken Thomas, Miami-based bank analyst, on the credit markets seizing up
Dec. 3, 2008
"It will be 2011 when the
credit channels are completely unblocked and the U.S. economy beats powerfully once again."
Sean Snaith, University of Central Florida economist
Jan. 30, 2009
"ItÕs like a vacation if youÕre a soldier in the war zone."
Tom James, CEO of Raymond James Financial, on hosting the Super Bowl at Raymond James Stadium in the midst of the financial crisis
April 10, 2009
"What weÕre starting to see is glimmers of hope across the economy."
President Barack Obama
June 15, 2009
"This crisis was born in part because households around the world took on too much debt. Demand for credit is falling as people live within their means."
U.S. Treasury Secretary Timothy Geithner
Sept. 3, 2009
"The recovery act has played a significant role in changing the trajectory of our economy. ... Instead of talking about the beginning of a depression, we are talking about the end of a recession."
Vice President Joseph Biden