South DaCola

Editorial Cartoonist from South Dakota

economy

economy Sioux Falls

The state of the SF economy

l3wis 11Comments

When home foreclosures almost double in a year, one has to question the local economy;

“Obviously there’s a lot more people having trouble paying their mortgages and house payments,” Johnson said. “It was an alarming number to see how much numbers increased, just from one year to the next.”

Well, let’s look at the facts, high unemployment and even higher underemployment equals not having enough money to pay your bills, couple that with the new Federal guidelines making it tougher to re-finance (I personally experienced this) and what you have is a crisis. Is it bad? Yup. Is it surprising? Nope.

economy Sioux Falls

City of Sioux Falls uses fancy new charts in monthly financial reports

l3wis 2Comments

Ohhhhh color . . .

I prefer the hard numbers (we are down in July, but still up 1.5% from 2009)

And Mayor Huether is going to tell us how to get outta this hole;

New building blocks must be added to the city’s economic foundation, he said. In the past, the city has depended on cheap labor, cheap taxes, cheap land and hard workers.

“You can’t just rest on those four pillars for success. We’ve got to find new pillars,” he said.

Bout time someone in leadership said it.

economy South Dakotans

Is the economy getting better? Nope.

l3wis 34Comments

I have said all along, that even though people (claim) the recession hit SD later it will last longer here. These numbers are pathetic;

About 38 percent of children in South Dakota are living in poverty, up sharply from 14 percent in 2001, according to new statistics released Tuesday.

The state’s reaction is even more pathetic considering they are more worried about illegal immigrants coming to SD;

Neither the governor’s office, Department of Health Secretary Doneen Hollingsworth nor Department of Social Services Secretary Deb Bowman would comment on South Dakota’s plummeting rank.

And it really comes down to jobs;

Beaver said the solution to the child poverty problem lies in creating employment opportunities for South Dakota parents. “The bottom line are jobs, jobs and more jobs,” Beaver said. Even if jobs are created, the situation won’t get better unless parents can prosper in them, Randall said. “(Economic conditions) will, to some extent, trail the national economy,” Randall said. “But a lot of it depends on our own state’s economic development efforts and the extent to which we go after jobs that are solid, well-paying jobs.”

Kinda sounds like our ‘cheap labor’ mantra has come to bite us in the ass.

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