Louisiana can’t help that Pres. Barack Obama
served up a one-two punch to the state’s economy. What can be dealt with is its
response, with some clues as to what that might be.
The state’s Revenue Estimating Conference met Tuesday to ratify that in
the fewer than 70 days left in this fiscal year the state was short $210.5
million on what it had been budgeted for. Even with that lower baseline, it
also said next year’s budget would still have to be constructed with $92.8
million less than even that, compared to the previous forecast.
State budget analysts noted one problem as a lingering national
recession. That was the first punch by Obama, whose economic
policies have caused this. His follow-up was with the placement of ideology
over people with policies designed to slow
the extraction of oil in the Gulf of Mexico, in order to throw some red
meat (maybe tofu in some cases) to environmentalists and to make a greater case
to shift energy production to alternative energies (and all the crony
capitalism that involves). While the former has hurt the entire country,
the latter additionally persistently has
hurt disproportionately Louisiana.