Wednesday, October 9, 2013

Republicans Bring Economic Disaster Down On New Mexico

Meanwhile, NM Businesses Are Using Obamacare 

"Sandia and Los Alamos national laboratories are preparing to halt operations by Oct. 21 and furlough most of their 18,000 New Mexico employees if the federal government shutdown is not resolved before then, lab officials confirmed Tuesday."

This is a big deal. The Republican Journal, embarrassed and wanting to downplay the fact that Republicans are ruining the local, US and world economies, has the news buried at the bottom of its business section web site page as I retrieve this.

Eighteen thousand represents 2 percent of the state's 900,000 workforce, so in one swoop the state's unemployment rate will go from 6.8 to 8.8 percent, and of course this doesn't count the federal employees who have already been laid off. Nor does it count the effects of the looming disaster as the political theater in Washington continues. The IMF has warned that the world economy is already in danger of slipping back into recession

On a happy note, New Mexico's small businesses are flocking to the state's Obamacare employer web site. More than 500 businesses have signed up more than 1,000 employees so far.

The business site is working well, while the individual site is having the same problems many states' sites are having.

The Journal also buried this news in the back of the paper while trumpeting in large print on page one the re-election of a mayor who has overseen a full term of economic stagnation in the state's biggest town as "Historic."


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