Pick a scandal
Would someone please explain to me how anyone still in
possession of even the smallest portion of their original compliment
of marbles could believe that the economy of the State of Arkansas,
along with the financial resources of the state government, will grow
by 4.6 percent next year?
Yet that is what our 2003 state budget is to be based upon.
A quick check of the financial outlook in all of the states bordering
Arkansas reveals that the only state with projected increases of as
much as 2 percent, is up to its riverbanks in casinos. And nothing is
more likely than hard times to make people willing to invest what little
money they have in a foolish effort to get rich quick It has happened
before, gentle readers. Read a little history about the Great Depression.
Illegal gambling flourished in this country at that time.
At least one of our neighbor states is projecting a loss in revenues
next year as the nation takes its own sweet time about crawling out
of the worst economic slump in 30 years. Blame Enron and Worldcom if
you want to. Heck, you might even join our esteemed governor in blaming
everything from the sinking of the Titanic to the evaporation of the
teachers’ pay raises on the 9/11 terrorist attacks on New York
and Washington, if that would make you feel better. All of those things
had detrimental effects.
But the fact is, our national and state economies began heading down
the tubes back in 1999 when the private sector exhausted its ability
to create large numbers of entry level jobs. At that time, though, everybody
was so interested in Bill Clinton’s extramarital love life (like
that made any difference in the long term scheme of things) that nobody
noticed that the economy was in delicate shape.
So when it became impossible to ignore the economic situation, all the
wheelers and dealers, movers and shakers who are supposed to keep an
eye on such things, began frantically looking for someone or something
to blame for the fact that they had dropped the ball with a resounding
thud. Always remember that, in politics, it is more important to fix
the blame than to fix the problem.
As is customary, it will be more difficult and costly to rectify matters
now than it would have been to keep things from going south three years
ago. So far, all we’ve heard, from any level of government, are
pie-in-the-sky predictions of the economy “turning around.”
Our two U.S. senators, Blanche Lincoln and Tim Hutchinson, were among
the first to jump on the bandwagon of those calling for strict reforms
to keep debacles like Enron and worldcom from happening again in the
future.
That’s real nice, but what about the folks who are hurt right
now - the folks who saw their retirement savings and investments disappear?
I can tell you “what about them.” nothing, that’s
what.
We can deficit spend ourselves into oblivion to prosecute a “war
on terrorism” in which the majority of people would immediately
lose interest if somebody should crawl up out of a cave with Ossama
Bin Laden’s head on a plate. But not one dime will be extended
to those who either invested in those rotten companies in good faith
or who were given no choice because they worked for those firms and
had their retirement funds invested in Enron or Worldcom stock without
having any say in the matter. Now, these people have neither a job nor
any investments. I’m sure these folks would like to say a big
“thanks a bunch” to the Securities and Exchange Commission
for being on the ball and making their lives so interesting.
I agree that steps should be taken to prevent future economic catastrophes,
just like they should have been taken in 1999 when it was more tantalizing
to worry about who stained Monica Lewinsky’s dress with what.
But it seems we will now be distracted once again by paying attention
to President Bush and Vice President Chaney’s financial shenanigans
in private life. I really don’t care if the Democrats find conclusive
proof that George and Dick were scoundrels and charlatans in their business
affairs, the same way I don’t care what or who Clinton did in
his private life. I mean, let’s get serious, the rest of us pretty
much expected all of these guys to be less than savory characters or
they would hold honest jobs and wouldn’t be interested in being
“powerful leaders of the free world.”
I’ve got a news flash for you, gentle readers. Bill, George and
Dick all did some really naughty stuff, but none of it had anything
to do with running the country. This time, let’s stay focused
on what’s important, shall we?
And I want to apologize to Governor Mike Huckabee. A few months ago,
after he had his wife, Secretary of State-candidate Janet Huckabee,
interpret a speech in sign language to an audience of blind people,
I suggested that our one and only governor might be goofy. He’s
not goofy. If he really thinks Arkansas can expect 4.6 percent more
revenue next year, he has gone way beyond goofy. For that matter, he’s
gone on beyond Pluto.