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Mythology provides the thread throughout discussions of New Mexico’s economy.
By recently telling an Albuquerque real estate group (and no doubt many others) that we must “commit to diversifying our economy,” Gov. Susana Martinez also says our economy is not diversified.
Another common line is that the federal government share of our economy depends on the decisions of some bureaucrat, one bureaucrat, that is, in Washington.
The fear mongering desired image is that this one bureaucrat, sufficiently annoyed, could at a stroke close everything federal in the state.
Early in her most recent Senate campaign, Heather Wilson explained the real world to me. For better or worse, it is nearly impossible to eliminate a government activity.
Every activity has a constituency, she said. If you try to eliminate something, that constituency and all of its friends and relations appear from the woodwork to protest and delay. Nearly always the constituency wins.
Three sets of numbers provide a vague idea of the structure of our economy and of what is happening. Emphasis on “vague.”
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