On this week’s podcast interview Paul sits down with NMSU economist Jim Peach. Peach recently testified to the Legislative Finance Committee on challenges facing New Mexico’s economy. That testimony is recounted in an Albuquerque Journal story.
Professor Peach and Paul begin by discussing New Mexico’s economy broadly. Why are we not competitive with our neighbors and what can be done to change that? Then, Peach and Gessing discuss the oil and gas industry and its outsized role in New Mexico’s economy and what the professor sees in store for it. Finally, Peach and Gessing discuss the COVID 19 situation and both the near and long-term challenges it creates for New Mexico’s economy and whether the federal government should provide additional bailouts to New Mexico and other states.
Informative interview. However, no mention of the pink elephant in the room: NM has had nearly 90 years of single party Dem rule at the state level. You simply can’t blame Republicans or independents for the sorry state of affairs in NM at the state level because they have had such a minor role in running the state. A logical argument can be made that the problems of NM will continue as long as the Dems continue to run the state. In other words, single party Dem rule is one of the principal causes of the problems.
Yeah, didn’t focus on the partisan politics of the issue, but that is an overriding factor in NM politics.