It wasn't long ago that optimists were predicting that Tennessee would go relatively unscathed during current recession/depression/whatever-you-wanna-call-it. The thinking: Since we didn't have a major housing bubble, and since we aren't overly reliant on manufacturing, we might escape the beating being administered to the rest of the country.
That, however, seems to be wishful thinking. A new report by the Kaiser Foundation indicates that while we came late to the suffering, we're now staging an impressive rally.
With the stats for October now in, Tennessee has jumped to a 20th ranking in foreclosures, and a handsome Top 10 positioning for unemployment, added to a 6.8 jump in food stamp filing over the last year. While we're still not taking the pummeling found on the coasts, it appears the Gods of Mean Wallets have not forgotten about us.