Predictions of an Economic Shock for Montgomery County
Take cover. Batten down the hatches. Tighten your belts and hold on, Montgomery County. You're in for a shock and it's going to be considerable, says Blair Lee IV, a prominent businessman in the county.</br></br>"We are in a recession," Lee recently declared in decidedly bleak remarks to members of the Montgomery County Chamber of Commerce. "The 1980s are over and so are the good times," he asserted. "We've enjoyed 10 years of America's greatest boom, and now we're about to suffer the bust that comes after it."</br></br>History books call it a panic, Lee mused, putting an unusually alarming spin on the county's and the region's economic slowdown.</br></br>Perhaps even more alarming, Lee warned that Montgomery County "may be harder hit than other parts of the nation," in the current economic downturn that others, like him, are calling a recession. "The first casualty of the panic of 1990 will be the long-held myth that Montgomery County is recession-proof," Lee predicted. "We're about to find out that we're not."</br></br>Not only is Montgomery County about to discover that it isn't recession-proof, "the shock is going to be considerable," according to Lee.