Moret backtracks on La.’s “booming economy” Friday, Apr 11 2014 

StephenMoret

Moret crawfishes
 

Wednesday, in a fit of unusual candor, the ethically-challenged, head of economic, Stephen Moret admitted that Louisiana was NOT experiencing an economic boom.

Moret was on the Garland Robinette’s show on WWL-Radio in New Orleans. When Robinette held Moret’s feet to the fire, Moret was forced to fess-up.

Listen to audio here. (Note: if you want to skip yours truly comments preceding Moret skip to 17:40 minutes.)

Additionally, as Bobby Jindal travels the country in pursuit of the 2016 GOP nomination for President, he talks about the “Louisiana Miracle” in reference to our economic growth.

Boom talk

This morning, I scanned the Internet for mentions of the “boom” and found that as far back as 2011 Moret was talking about the coming Louisiana boom.

Now, Moret admits that we are doing better than “most Southern states.” In fact, we are merely recovering to where we were before 2008. That’s a far cry from an economic boom.

Moret says we aren’t booming in Louisiana because the country has been in a recession since 2008 and we are just now recovering.

In other words, our lack of an economic boom is the fault of – are you ready? – George W. Bush and President Obama.

Dismal job growth

Moret was asked about a pronouncement that Louisiana had created 50,000 new jobs in 2013. Moret confessed that since 2008 (when Jindal took office), Louisiana had only created a total 23,100 new jobs.  That is less than 4,000 jobs per year. Moret never explained the difference in the 50k jobs claimed and reality.

When one considers the number of high school grads (Forget college grads.) entering the workforce each year, 4,000 news jobs per year isn’t even enough to take care of small percentage of them.

Boom mañana

When push comes to shove, Moret can only tell us to trust him; the boom is coming in a couple of years.   Of course, at that time he and Jindal will no longer be in office.

Do you trust them?  It’s time for the leges to wake up and prepare the state budget based on reality and not for the coming of the Tooth Fairy.

Kudos to Garland for asking the tough questions and for not allowing Moret to obfuscate.

C.B.

 

“King of Subversive Bloggers” – James Gill
 

Hangin’ with Bobby Jindal Thursday, Apr 10 2014 

Bobby and Me

Above is Bobby and me at last night’s SLU – Tulane baseball game in Hammond.  SLU won 5 to 1!   Thus far SLU leads the series 2 to 0 with one game left to play this season.

This is the closest Bobby will get to the SLU campus.  However, he is well-known at SLU for 6 straight years of budget cuts.

You can imagine the looks I got at the ballpark last night.

C.B.

“King of Subversive Bloggers” – James Gill
 

Leges in denial Monday, Apr 7 2014 

Jindal-snake oil

It makes the revenues look bigger

Associated Press reporter Melinda Deslatte wrote an analysis of the revenues problems facing the proposed state budget for FY15 (starts July 1). See here.

The analysis doesn’t even touch on the revenue problems in the current year’s budget that ends on June 30.  In addition to mid-year budget cuts already implemented, the current budget began hemorrhaging so bad that at 6:30 PM on Friday, Bobby Jindal issued a spending freeze on top of the existing hiring freeze.

Didn’t hear about the new freeze? That is no surprise. Other than a brief mention in Saturday’s The Advocate and a column by me in the Hammond Daily Star on Sunday there has be virtually nothing in the dailies around the state.

But I digress.

In the AP analysis, it is clear that the leges are in denial about their complicity in Jindal’s budgetary “house of cards” about to fall in on them.

The governor proposed the current year’s budget, but the leges knowingly and willingly voted for using one-time revenues to balance it, but worse, used revenues that were highly unlikely to even materialize.

Future dim

Jindal will soon no longer be governor. It makes one wonder whether any of the incumbent leges plan to seek re-election.  They will have limited budgetary options beginning in 2016 regardless of who is the governor.

Those options are: 1) Severely reduce services to the public or 2) increase taxes by a billion dollars or more or 3) a combination of both.

Yet, the leges still believe in Jindal’s snake oil that the economy will increase and there will be plenty money for them to spend in the future.  In the best case scenario, the economy will not increase enough to stave off massive cuts and taxes.

When will the leges stop buying the snake oil and take responsibility for the mess that they have made?

C.B.

“King of Subversive Bloggers” – James Gill
 

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