Economic Crash

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By Jerry Piercce

It is significant that three year-end studies and polls showed that Louisiana is losing population, that Shreveport was the worst place among 182 U.S. cities to find a job and that only a third of this state’s residents feel Louisiana is headed in the right direction.

Louisiana’s economy has collapsed over the past decade, largely because of plummeting oil prices in recent years but also because of a huge disinvestment in education, infrastructure and other state services and programs when Bobby Jindal was governor.

Jindal inherited a billion dollar surplus at a time when colleges and universities, health care, road and bridge programs and other state initiatives were funded at the highest level in years. He wiped out reserves, cut spending and left a $2 billion deficit.

 

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