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Weh: Unemployment rate ‘highlights a need for new leadership’
Allen Weh
Republican gubernatorial candidate Allen Weh says a dramatic increase in the number of New Mexicans without jobs “highlights a need for new leadership in Santa Fe that understands how to make reforms that’ll help jump start our state’s economy.”
“The New Mexico Department of Workforce Solutions released a grim report… that shows more New Mexicans are out work and our state is failing to create new jobs — the worst job climate since the 1940s,” Weh said Friday.
New Mexico’s unemployment rate rose to 7.5 percent in August, up from 7 percent in July and 4.3 percent in August 2008.
The agency said the state’s job growth is at a 65-year low. The decline in the number of jobs in the state is the worst since January 1944.
“While New Mexicans are struggling to find work, the Richardson-Denish administration has expanded state government by 50 percent in just six years and implemented policies that have handicapped our state’s businesses,” Weh said.
The national unemployment rate in August was 9.7 percent. The state’s labor department says New Mexico has lost 30,900 jobs over the year.
“As the only candidate who has run a business, I know what it will take to create jobs, cover a payroll and balance a budget during tough times,” Weh said. “When I’m elected governor, my first priority is to get us out of this mess. I’ll start by reducing any unnecessary regulations that handicap existing or prospective employers, making our state government lean and efficient, and reducing taxes in line with the states around us so New Mexico can be more competitive in attracting new business.”
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What a cruel joke this guy is….his political party has been the lead advocate for cutting the public spending which actually saves jobs and creates new jobs.
Republicans in New Mexico led the charge to cut taxes for the wealthiest New Mexicans (who earn $295,000 or more a year) in 2003.
Republicans also led the charge to allow big, out-of-state corporations to avoid paying taxes on profits earned in New Mexico.
According the Governor’s Office, those tax cuts and loopholes are worth $1 billion a year.
Republicans promised to save jobs and create new jobs the money from these tax cuts and corporate tax loopholes.
What have the super-rich and out-of-state corporations done with the $1 billion? Where are the promised jobs?
New Mexico’s unemployment rate has increase to 7.5%. 31,000 New Mexicans are jobless today. That’s the highest unemployment rate since 1944.
It was a sad state of affairs when conservative Democrats like Sens. John A. Smith, Tim Z. Jennings, Reps. Ben Lujan, Lucky Varela Kiki Saavedra, Rick Miera and Gov. Richardson bought into this supply-side economic snake oil. But, they can throw the whole enchilada into reverse by killing the Gang of 12′s proposed student value/state budget cuts during the LFC meeting Sept. 28, or during Oct’s special legislative session.
Conservative Democrats can redeem themselves by voting during October’s special session to
1. Roll back the tax cuts for New Mexicans earning $295,000 or more
2. Close tax loopholes for big, out-of-state corporations
3. Use the revenues to restore student value cuts, restore higher education cuts, and restore cuts in state government services.
That action will stop the death spiral of New Mexico’s declining tax revenues, as well as save jobs and create new jobs.
That’s what this guy should endorse. But, he can’t, or won’t, go against the super-rich and big, out-of-state corporations.