July 01, 2013
President Victor and Dean Trebar Speak on U.S. EconomyIt takes trained eyes to get an accurate reading on the state of the U.S. economy.
Michael Victor and professor Robert Trebar have trained eyes. They are mostly encouraged by what they see as the economy continues its recovery from the effects of the so-called "Great Recession" that began in September 2008.
Before being named president of Lake Erie College in 2006, Victor was a successful business owner and dean of the Walker School of Business at Mercyhurst College in Erie, Pa.
"The economy is incrementally better than it was one year ago, but not far better," Victor said.
"The depth of the 'Great Recession' was probably worse than anyone wanted to acknowledge,'' Victor said.
"With that, it will take us longer to achieve full recovery. We're in a new paradigm."
Trebar is dean of the School of Business at Lake Erie College in Painesville.
"This is an atypical recovery,'' Trebar said.
"Usually, the steeper and deeper the downturn, the steeper and quicker the upturn. This hasn't been the case this time."
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Note: This is an excerpt from The News-Herald story from June 30, 2013 by
David S. Glacier.