they were forced to rescind contingent offer and cancel the position, again like the SLAC, due to a failing budget meeting for the 2009-2010 year. But offered and encouraged me to reapply again next May when they will attempt to hire for the position a second time, and offer me an opportunity for another interview. (I then found out that I was one of only two who applied for the position - reason for the quick contingent offer). Apparently they canceled five-six other positions too in various departments.......so I wasn't the only one.
Really had my hopes up too.....because the cc is where I adjunct, and have established a solid rapport with the staff and faculty within the department. They asked me to stay on as an adjunct and continue to teach for them, and asked that I keep them in mind the next time around in 2010 when they try again for the position because they are extremely desperate to establish another position.
This provides me with the perspective on how bad economy is and how it is affecting slac's and cc's, even though enrollments may be up in some parts, it seems that some places are attempting to budget accordingly to keep their institutions running.......
It isn't necessarily the bad economy. How an institution behaves during the bad times is indicative of its true character and set of values and should be taken into consideration if they should offer you a job in the next job search. Using the bad economy as an excuse to rescind an offer (even if it's contingent) just demonstrates that they have no stomach for what it takes to do the right thing when it comes to making decisions. I know it's no consolation, but now at least you know what kind of boss they would be.
Good luck.