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The State of Ohio - Economic Challenges and Obstacles
 
 
Lawmakers arrived at the Statehouse for their first day of work in the new General Assembly. The swearing-in ceremonies marked a major change in power in the House and business as usual in the Senate, and that might create problems in dealing with the state's economic challenges. Rep. Matt Lundy (D-Elyria) and Rep. Barbara Boyd (D-Cleveland Heights) nominated Armond Budish (D-Beachwood), who was chosen as Speaker by the Democratic caucus weeks ago. He was elected unanimously, and after starting his comments with a joke, he spoke to his colleagues about his vision, which is mostly embraced by Minority Leader Bill Batchelder of Medina. Over in the Senate, things were a little more stable on opening day. Two thirds of the Senators are Republican, and once again Bill Harris of Ashland leads them as president, for his final two years in the chamber. The next day, House and Senate came together for a very short ceremony to certify this fall's election of treasurer Richard Cordray as attorney general. Cordray and his appointed replacement as treasurer, Columbus city councilmember Kevin Boyce, were sworn in together on Thursday in the Statehouse Atrium. As the inaugurations went on around him, the governor was busy as well, signing some bills and stamping vetoes on others.

It's a new year with new lawmakers, but the state is still struggling with old economic challenges and obstacles. Karen Kasler, Bill Cohen and Jo Ingles of the Statehouse News Bureau discuss some of them.

The governor's upcoming State of the State speech is certain to bring in viewers and listeners who are anxious about the economy. But some of the state's top money watchers say that the economic crisis that's gripping Ohio won't let loose anytime soon. James Newton, the chief economic advisor at Commerce National Bank and George Mokrzan, senior economist for Columbus-based Huntington Bancshares, offer their predictions.
January 9, 2009