South DaCola

Editorial Cartoonist from South Dakota

economy

America anger congress economy Fuck Off obama

What a welfare queen may look like

Ghost of Dude 1Comments

 

The guys who drove AIG to the point where they needed your money to survive would like you to know how grateful they are and that they’re spending it wisely to ensure they don’t need any more of your money in the future.

Just kidding. They’re handing out $165 million in bonuses to their derivatives traders – the ones who put them into this situation. For their part, the government is doing everything it can to try and stop these bonuses from being paid. We taxpayers are, after all, the largest shareholder in the company. Surely there’s something we can do , right?

Personally, I’m recording the testimony of AIG’s CEO so I can get some popcorn and watch him squirm. I really hope he tries to defend the bonuses – comedy gold in the making.

economy Homeless SF City Council Sioux Falls Unemployment

Sioux Falls is recession proof? My Ass!

l3wis 4Comments

When are our local and state lawmakers gonna wakeup? Even our half-ass media is reporting this stuff;

The majority of people who walk into the office of the Minnehaha County Health and Human Services need help paying rent because many have recently lost their jobs.

And good thing for our public school system or some kids would not have a warm place to go during the day;

Addressing chronic homelessness should be a priority when tackling the overall homeless problem, Sioux Falls City Council member Vernon Brown said. Establishing services to help the chronically homeless would free up other agencies to help those families with children who need temporary assistance, he said.

I’ll commend you Vernon for your work on this, but don’t you think it is time to build a fire under the Mayor’s and other councilor’s asses to get this moving a little faster? What’s the holdup? The homeless are not just going to disappear if you keep farting around. You should bring this up every single council and info meeting, you should also tell anyone in the media who will listen. I have found the only way to get things done is to keep the pressure on this isn’t about snowgates or indoor pools, this is serious shit.

Funny thing, city hall is mysteriously quiet about this report. No worries, the Sioux Falls Chamber of Commerce chimed in, and if anyone would know about giving good advice about business and the economy, it would be them (as long as you are buying a membership and support higher taxes on food).

Dave Fleck, Sioux Falls Area Chamber of Commerce board chairman and president of Sioux Falls Construction, noted that Sioux Falls’ unemployment is still well below the national average.

But just keep going out to eat, and everything will be just fine in Sioux Falls.

economy Sioux Falls

Don’t worry we have a plan . . .

l3wis 0Comments

Um, how many times have we heard this song and dance before?

Sales tax receipts in Sioux Falls continue to slump, but officials at City Hall say they have a plan should conditions get worse.

Through February, revenues from the city’s 2 percent sales tax were 1.9 percent lower than during the same period in 2008. It’s the main source of revenue for the city, generating about $90 million last year for basic operations and capital improvement projects.

“It’s only the first three checks of the year,” Finance Director Eugene Rowenhorst said, referring to the state’s reimbursement checks for sales tax receipts.

 

“We’re not ready to make a statement about what the whole year is going to look like.”

Okay, Eugene, let’s review a few things. First off, we have been in a recession for over 16 months nationally, the unemployment rate has jumped from 3.7 to 4.4 in South Dakota, and the Dow is spiraling to hit rock bottom. What other f’ing checks are you waiting for Gene? Manna from Heaven? Moses to part the Red sea?

And the city council’s economic genius and all around ‘smart guy’ councilor Litz weighs in;

“I’m just hoping it stabilizes and turns around,” City Council Chairman Bob Litz said. “Nobody knows. Nobody knows.”

HELLO! WE DO KNOW! WE ARE SCREWED! Implement plans now!!!!! Freeze department head wages, require all city departments to make 10-15% cuts and don’t hire anymore people including cutting back on on seasonal workers this summer. Also suspend all CIP projects until 2010.

This isn’t rocket science, it’s common sense people.

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