It’s another day in the movie entitled, “Cursed to Live in Interesting Times.”
For the Memo to Governor Martinez entitled, “New Mexico’s Race to the Bottom”, there’s this tidbit:
Five Reasons Why States Can’t Create Jobs by Cutting Business Taxes from the Center for Budget and Policy Priorities.
In the “Baby, It Hurts So Good Department”, tough economic times couldn’t be working out better for Big Oil. Despite all those regulatory fetters, today Exxon Mobil reported a first quarter profit jump of 69%.
In view of the pain that motorists are feeling at the gas pump, along with the alleged focus of some in Congress to attacking the deficit, one would think Speaker John Boehner and GOP budget master Paul Ryan would be on the same page. But apparently, someone didn’t get the memo:
And what about “Drill Baby Drill” as a way out of the crisis? Former Bush-McCain economic advisor admitted it wouldn’t make a dime’s worth of difference.
Meanwhile, don’t cry for Massachusetts! Despite being burdened with a state-imposed universal health insurance mandate (RomneyCare), the Bay State experienced an economic growth surge ahead of the overall United States in the first quarter of 2011. Oh, and as an added bonus (or rather “fetter”), the state’s uninsured rate is below 5%.
Back here in New Mexico, we’re bracing for the cut-off of federal stimulus funds that, according to UNM economists, paid for as many as 23,000 jobs through June of last year.
Tick, tick, tick.