The embattled Richmond economy said today that it would resign from its position effective immediately, citing the need to spend more time with its family.
“As much as I would like to stay, I’ve got a duty to give some time to my children and wife,” said the struggling economy, which in recent weeks has been embroiled in a series of high-profile bankrupties, severe net losses and mergers that have cost the region thousands of jobs. “Now is that time.”
For years, the Richmond economy positioned itself as a highly-diversified economy that could recession-proof itself across many industry sectors – retail, banking and manufacturing, for example. That strategy worked well, many economists contend, until the highly-diversified economy that could recession-proof itself across many industry sectors – retail, banking and manufacturing, for example – turned out to not be recession-proof, whatsoever.
The economy also has two young daughters and a son about to enter kindergarten, the economy noted.
Local experts expressed dismay over the economy’s rather abrupt departure.
“When you consider the economy as a whole, Richmond is simply in one of the downturns that you’d expect in a recession, and of course, the economy would have eventually bounced back and gotten better,” said VCU economics professor Thomas P. Meyers.
“But he’s got kids, so what are you gonna do?”