How Do I Sign New Mexico Banking Document

How do i industry sign banking new mexico document simple

this is episode 251 of the rio grande foundation's tipping point new mexico i'm paul guessing and i'm wally drangmeister i'm president of the rio grande foundation new mexico's free market think tank you can find out more about the foundation at rio grande foundation.org wally in many years this would be a somewhat slow time as we ease on into the thanksgiving holiday the winding down to thursday yeah that is not the case at all there has been a lot of news since just last week when we got together and hashed things out so yeah there is a lot to talk about with regard to most notably our least favorite but almost always discussed topic of covid19 and the governor and what is going on in new mexico and uh quite frankly wally it is not pretty uh have you had to venture your way into a grocery store over the last week i have not but i have noticed what happens if you do venture your way uh yes so uh the new regulations uh have made people wait in line and so they're the lines are long at least in the grocery stores in my neighborhood whether it be costco sam's the walmart the smiths they've all had lines yeah and we're here in a big urban area where theoretically speaking there's plenty of grocery stores i can't even imagine you know i know roswell and carlsbad and some of these other more you know not rural areas but smaller cities let alone actual small town new mexico where it has to be even more challenging to deal with these new restrictions now what's different this time around is that the governor has imposed not just a requirement on overall occupancy of these stores now it's 25 or 75 people total whichever is smaller so that means uh the days of the big box stores in new mexico getting fat and happy while small businesses uh struggle theoretically may be closed because 75 people if you've got employees at one of those sam's clubs i mean you've that's 25 people perhaps right there so you're talking a very small number in the store of customers throw on top of it the rapid response issue and if you have four rapid responses uh in a given time period or more than four uh you get shut down so a lot of these grocery stores have a lot of people working for them and you test enough people you're going to get some number of rapid response positives and uh yeah it's it's nuts out there and it's just one of the many many indications that the governor's one-size-fits-all program in response to covet 19 is just not working at all there is no balance between not just economy you know we were of course criticized early on because we just wanted to kill grandma and you know keep the money flowing to these businesses well now the worm has turned further and it's more about well can grandma get her prescriptions from the store or does she have to wait out in the cold and in the line and uh and all of this is now being discussed at length in the local media and on uh social media yeah and it's one of those things the percentages made sense to me you know it's like if you want occupancy percentages because you know consider consider if you will a walmart superstore how big that is from a square footage point of view and then to say that they are limited to 75 people in there whereas you have a very small convenience store for example you know i don't know it's one of those things uh so that they definitely lose on that regard they also lose on on the fact that the rapid responses doesn't take into account whether they have two employees or 200 or 2 000 now having said that the big bug stores did very very well while they shut down all small businesses but now everybody is feeling the pain but maybe you've gone a step too far i i worried and i continue to worry in this uh in this response to covet is keeping basic services functioning and to have a breakdown of the food system would not be a pretty sight in any way shape or form and right now i'm not saying it's on the verge of breakdown but it's definitely feeling stress at the very end of the food chain where people get the where people get their food in grocery stores and the first weekend in which these uh provisions went into place paul the weather was beautiful record warm temperatures it was very nice well that will not continue and so you know if you're a uh if you're a 75 or 80 80 year old man or woman waiting in line on a 70 degree days one thing but in the wind when it's 20 30 or 40 is another so we'll have to see how that works out then there's you can have food delivered to you right so i i made a food order on thursday and it will supposedly be delivered tomorrow so it's there's a huge back log in there and paul i mean i'm not i'm not trying to jinx myself but i'm i don't have a hundred percent confidence that that food order remotely delivered to me will come about in in any uh predictable timely and concise fashion as well and if it doesn't then i will i easily can go out and do shopping in person uh hopefully get there early enough or late enough to not have to do it but the point is there is stress in the system and it's being felt widely now by this uh latest order from the governor and not just in the small business it's something i hadn't even thought about but also the times are constrained you know you cannot open businesses past 10 p.m now throughout new mexico and you know and that was one of my strategies early on was i would go shopping at 10 a.m or excuse me 10 pm because no one was in the store back in back in april so she she is really constricting the ability of new mexicans to get access to food and yeah the the delivery and the curbside pickup can work for a lot of people but yeah going in the stores getting prescriptions there's a lot of things that the politicians don't think about that people have to do and the killer to me is the lack of sympathy for it uh the the pop people of new mexico being expressed by the governor and her uh her spokespeople nora sackett uh responded to a tweet from greg schmidty's about people standing out in the cold for you know an hour and how that's going to go and improving the health of folks and you know that was when it was warm and nora sackett says oh it's 71 degrees outside well a albuquerque is different from santa fe or whatever but you know you know the weather wasn't going to hold at that high temperature now it's you know mid 50s probably in santa fe and points north it's in the upper 40s you don't want your 80 year old grandmother having to stand in line out there and then another this one's kob there was a statement uh kob tv that the talk of lines at the grocery stores were just a republican talking point it's just unbelievable how this governor has been arrogant and her people have been arrogant in her entire approach from day one relating to the coven 19 situation so unfortunately it continues a couple of odd dynamics now most outdoor activities are winding down golf courses are closed which bugs me because no one ever showed that golf courses were unhealthy or spreading the virus and in fact you might be able to make the argument that there certainly isn't a study on it that it might actually reduce covet infections because you know if you're out golfing out in the fresh air you're getting some exercise that might for the people who are able to take advantage of it it might have been a net positive for that but going into the gym and working out doing some ellipticals or hitting the weights or whatever that's not available to you either really odd restaurants are no longer having or allowed to have outdoor dining you know in the first major shutdown restaurants threw up tents and all kinds of outdoor opportunities for people to dine and now that is simply not available to them to my knowledge and i don't know if that was uh a point that was raised by the restaurant association but it's certainly questionable and then to me one of the biggest kickers is that despite all of this stuff happening here in albuquerque and for us the real frustration and challenge in new mexico of of what we're seeing on the covet issue there are still plenty of people who are coming here and snapping up houses i defy you put your house on the market anyone listening to this and if you live in an area and have a reasonably priced house it chances are it'll sell within a week or so or you'll have at least a good offer on it because especially i know in albuquerque the housing market is white hot so what's the governor do she puts a kibosh on real estate offices operating and now if you're a real estate agent and you know say the drangmeister estates are up for up for sale you have to let the prospective buyer and that's you as an individually or the real estate agent go in there by themselves because you're not allowed to accompany them into that building uh under the governor's order it's just crazy and i read something on the realtor's website that couples aren't even allowed to go in together so they that you know and and if you've ever bought a house if you've been in a relationship that is definitely a uh something that's very valuable to the process to be able to compare notes while you're in there so yeah there's a lot of interesting rules um on the restaurant issue did you i have not i've not i've not uh touched base with uh with the head of the restaurant association on that one but because now it's really too cold to have yeah it's not yes anything but really well kind of well covered maybe that's the argument is well a tent that can cover you from the cold temperatures is going to be too much of a tent to allow the virus to go into the ether because i i mean i guess that was the theory the first time is that outdoor dining will be safer indoor dining which could involve tents and any other enclosures is too dangerous but well and then paul there's this group that's called the recovery council which is uh boy we need them to do their job but one of the things i thought they were supposed to do was provide feedback from industry points of view on certain things such as this and so um either they're not doing their job or they're not being listened to so when it comes to things like these grocery store shutdowns in terms of uh it just seems like the cord is being struck very wrong on things that require broad-based rules and uh policy that's where they micromanage and things that should be micromanaged that's where they do broad policies it seems like it's been turned on upside down on its head and so it's still the issue of small businesses i guess they can do you know can do delivery but you need to reduce your employees by a hundred percent so if you reduce your employees by a hundred percent how can you even deliver so there's a lot of questions out there and i'm not saying that i'm an expert on it but i have business people that i talk to have these questions and you know i i don't know the answers to them but there is incredible frustration out there over how this is being administered yeah and uh state parks are also shut down dozens of state parks now uh the reason this was much remarked upon and much noted earlier on is because uh folks down at elephant butte and uh at the lake down there were very up in arms about having that you know big economic engine taken away from them now uh you know if people are going to the state parks it's much more just to go hiking or something else but still it's another outdoor exercise recreation opportunity that's taken away for very dubious reasons and something else that's worth noting is that the city of santa fe has closed their you know parks and jungle gyms and those kinds of things which that's unfortunate as a parent of small children uh thankfully and i'm not giving anybody ideas here but so far mayor keller has not done that in albuquerque we will see hopefully he continues with that and finally all of that is to come on top of the fact that the film industry is not shut down in new mexico they continue to film under under a separate deal that they struck with the governor's office some months ago and has provided some testing uh mechanisms etc for uh film crews here so now we're just in this alice in wonderland situation yeah you just you just it is difficult to make sense of why these policies were put into place and what the rules are and then i don't know if it's on your list of things but then the college athletics thing uh is uh is a very interesting one when you have the men's and women's basketball teams at new mexico state and the university of new mexico they uh they moved their programs to arizona and texas because the rules allow them to operate there but not uh not here in new mexico and again the govern i saw quote attributed the governor's spokesperson that was uh tersely worded uh to say the least with regard to them doing that yeah that one is boy uh the conversa it makes the conversation about uh merging the aggie and lobo basketball and football programs that we kind of had tongue-in-cheek uh back a year year and a half ago look if you made that prediction i think most people would have said that might come true but the idea that the basketball and football programs from both schools will be sequestered in some other state not just other states mind you these are states nearby to new mexico where the virus is actually even worse currently based on most metrics but that's the world we live in wally and it is just absolutely crazy yeah and i do want to say paul the virus is running rampant you know the article uh in the in the new york times uh about new mexico showing how tight we are shut down and yet it's not been effective right so that's that's the key you know it's one of those if we're the most tightly shut down state in the nation and we're doing fantastic during all of this again uh not an epidemiologist a just observer of reality right now you say huh maybe this is working but uh it's it calls into question the whole strategy of masks and social distancing as as being that big of a factor and again i've never been an anti-massacre i know there are a lot of them out there i begrudgingly wear my mask everywhere everywhere i go uh i follow the rules but i i am dubious of how big of a difference it actually makes and then i'm hearing from people who uh who would indicate they know that much of the spread isn't coming from businesses it comes from large family gatherings and things like that and so what do we do about that it's one of those that uh reminds me of uh you know we uh we kicked the dog for the misdeeds of grandma when uh things happen you know we're are we really attacking the problem where where it lives are we just uh have this talisman of uh what we're doing we're we're we're so strict but then again it's not working compared to places that are far less strict you got it yeah if it was working i think a lot of folks would be happy to give up some of their freedoms on a temporary basis at least more understanding of the situation but the article you mentioned is one america one pandemic two realities and it really compares south dakota and new mexico in both their covit approach but also their economic approach which the cova data aren't all that different between south dakota where uh as the new york times columnist or a reporter described it you wouldn't even know there was a pandemic in new mexico where you cannot escape the pandemic no matter where you turn uh and the data just are not overwhelming in showing that one state has done a better job than the other on the virus clearly the economic data are very very different but anyway yeah great mention there wally and well we're having a special session on tuesday on top of everything else and yes this will be the second special session of the year of our lord 2020 which cannot get in the books fast enough for most everybody out there this is a tentative list of some of the bills being discussed it should be a very short session it's mostly to give out cares act funds federal fun federal funds new mexico needs to spend yeah so you know this is not the governor dipping into new mexico state coffers for much it's mostly federal dollars so uh supplemental unemployment benefits 194 million dollars to provide a one-time supplemental compensation benefit of twelve hundred dollars intelligible recipients grants to ew mexico businesses and non-profits 100 million dollars to provide grants up to fifty thousand dollars for those uh entities general assistance five million to provide uh up to seven hundred fifty dollars per household that people on welfare essentially emergency housing assistance 15 million dollars to contract for services to provide emergency housing assistance via federal community development block grants emergency food bank assistance uh five million dollars uh contact tracing and testing 10 million dollars for more of that and then 200 000 for emergency pay for the courts as expected kind of a a yawn i mean i think we all want these uh dollars to get out into the community and hopefully help folks in need of course the cares act and most of the rules and regulations in it are coming to an end in december the transition which we don't have time to talk about the transition that president trump and the president-elect joe biden we're we're just going to take a pass on that but you can expect that whatever happens that among the first orders of business will be another big round of stimulus and covid related spending coming out of washington d.c any thoughts on those that preliminary list of special session uh bills that they're considering well the the thing that strikes me compared to what they did in the previous uh session is this actually helps the people directly as opposed to bailing out government and so uh in that regard uh is it better uh it probably is i i think it it is you know the question of uh how much money should the federal government put into these things and you know what what was the right thing to do but the bottom line is that money is there needs to be spent and uh yeah i have a feeling they'll get in there uh these things tend to be uh what shall we say these skids are greased you know they get in there they pass them they get out uh the other thing is less so maybe than it used to be but our legislators are a lot of them not spring chickens so they fall into the high risk category so i'm not sure a lot of them nor would i on b on their behalf want them there you know uh not to mix too many subjects but it's one of those things the idea that it which it's uh covet is a way different uh risk profile for a young child compared with a 70 80 90 year old person particularly with underlying conditions and that describes a lot of our legislators yes it does and while we're on that subject i'll uh briefly mention that my monthly piece in the las cruces sun news ran uh it's also posted errors of enchantment new mexico school situation scientifically dubious uh basically everybody uh in the science community has basically agreed and you know yeah science is science but in this case they seem to all agree that covet 19 situation is not something that should keep kids out of school children for a variety of reasons are best served by being in school precautions taken but they're not little vectors out there for spreading the virus and i write about that as well as some of the states including oklahoma idaho and texas that i've mentioned a previous podcast that are giving out cares dollars to help parents affected parents and families affected by the coveted situation and the lockdowns and it's a uh you know it's an issue that is unremarked upon undiscussed by too many uh these days here in new mexico where it's all about propping up the existing systems not actually helping kids or parents and that leads me to a dialogue that i had call it what what you will dialogue is as good of a word as any uh rina zerpanski she is the one of the few like regularly employed full-time employed uh people working in the new mexico legislature and she works with brian egolf the speaker of the house and we we did have a brief dialogue and i've known reena for a while and uh i i really do like her but the fact is is that she was on twitter and again errors of enchantment you can find this indoor dining and gyms open schools to close and then she writes maybe one of the biggest policy lessons of covid in the us is that we don't have real advocacy for children or that we are unwilling to listen and she of course she cites a new york times tweet saying that the school should remain open and our response was in all seriousness has speaker egolf spoken to the governor about this if he has advocated privately to keep new mexico schools open what has the governor's response been if that hasn't worked has he spoken publicly i haven't seen anything and you know speaker egolf's not just a guy he's a pretty powerful guy in this state i haven't heard anybody uh close to the governor politically say anything about keeping the schools open or handling this crisis in a different way it's always it's been you will do it and it crammed down on everybody else yeah um i was uh struck by some of the comments that uh catherine stevens made uh tipping point new mexico episode 248 and uh the whole idea about the children who are marginal learners and struggling academically what this uh shutdown may do to them and also what may be necessary to get them in a position where they actually can succeed academically and how hard that that may be and so yeah the school everything everything is shut down we do we are a one-trick pony we uh we don't differentiate and you know just paul just you know every now and then uh people say well what would you do it's like you know what i i would just say let me just be honest i am uh i am not an expert these are very tough calls what would you do that it's there's no easy answer but it it increasingly seems to me that a strategy where you protect those that are elderly with underlying conditions and you give more freedom to those that are younger and healthier may be something that we ought to absolutely consider and that's uh not been done in new mexico i agree with you on all of that and we've discussed some of this one thing that i'm going to throw into the into that bucket if you will of covid response is that i hadn't been aware of there's a politico art article politico the website why the u.s doesn't have an at-home coronavirus test yet and it seems from reading this article that there are companies that if they were given the go-ahead to actually bring a at home kind of almost like a pregnancy test in its simplicity and the way results are portrayed americans could get an understanding of whether they have coronavirus in a highly accurate but maybe not as accurate as some would like manner and this is something that we're going to be at least discussing here in the days ahead but if you're interested in following up on that uh politico story why the u.s doesn't have an at-home coronavirus test yet i got it from reading my originally from reading my trusty copy of reason magazine and i went researching and looking at a little bit more about that because that's definitely something i'd like to see the fda put out there and also that the governor can use the bully pulpit to push for that kind of test to be made available the article is from october 21st 2020 so it's a very new article wally we have more to discuss and specifically our friends at voices for children uh we had a lovely conversation with them also on twitter about the corporate tax situation corporate income taxes and uh bill jordan who is the lobbyist for that outfit he was on twitter uh claiming that the wealthy and corporations either pay too little tax or in the case of corporations uh don't pay at all and uh a a friend of ours friend of the show jason espinoza reached out to me uh in seeing this twitter debate and he actually showed me a document that you know everything is accounted for in whether it's government or whatever else the actual line item where you see the deduction made for the spending on film subsidies comes out of the budget under corporate taxation yeah and it's one of those they what do they call that uh they call that tax investment or uh there's a they have euphemisms for it but yes the point of tax incentive yeah bit yeah but but anyway yes so what is the number one beneficiary of that uh that program so yeah it's definitely the film industry and uh the article goes on to note that uh and this is again heirs of enchantment dot com you can find the site directly from the legislat legislative finance committee it's noting that you know we are not a state that depends heavily on corporate income taxes we don't have many major corporations here and that's going to change even for the worse as pnm leaves or their their main operations go elsewhere yeah that was one of the big lessons of 2007-2008 is you could have raised the corporate income tax to a hundred percent it wouldn't have made a huge dent because there are not a lot of corporations operating and paying taxes in new mexico and it's largely government and a lot of business is done in pass-through entities llcs and partnerships where people pay taxes as individuals not as good not avoiding taxes they're not they pay corporations i know i know and actually you know for people who are self-employed it's usually a lot worse than you know so just explaining to bill jordan and the other one oh does he might know that you know it's one of those does is bill ignorant or apathetic on these issues he doesn't know and he doesn't care because uh it's tough to have these arguments with them because it's not really fax-based it tends to be very emotion-based here is a snippet of a quote from the legislative finance committee document credits are expected so that's credits against corporate income taxes are expected to grow to 165 million or higher in fiscal year 23 as additional productions qualify that's obviously film productions film tax credits are expected to quickly outpace corporate income tax revenue growth in the forecast horizon causing the revenue source to drop to 1.9 million dollars in fiscal year 23. so that's essentially saying that with your corporate tax revenue in new mexico at 1.9 million given a seven eight million billion dollar budget yeah you're talking about zero corporate revenues but that's because the film subsidies uh are being booked against the corporate tax revenues and of course voices for children we're still waiting for them to talk about how hollywood subsidies are a big bad thing that we should get rid of uh and again from our good friends over at voices for children they were in the albuquerque journal making the favorite argument of arguments that we love to uh to talk about which is get rid of oil and gas and replace it with nothing oh we uh i think we already hit this in the last episode so we've got plenty to talk about but yeah they uh they had an article in the sunday paper a week ago in which they uh the voices for children follow jerry ortiz-pino's line about let's just keep going with these green policies and when we eliminate oil and gas from new mexico we will not have any way to fund our government or build our economy so uh i apologize for a bit of a redo on that one but uh finally let's see or no erb the education retirement board has decided to divest that means to not to make a formal policy to not invest in a particular business or group of businesses in this case private prisons correction and rehabilitation companies and uh the albuquerque journal had a very good editorial on this issue in which they said that you know where does it stop you just keep going and keep pulling industries out that you don't like at that given moment where does that leave you and i think it's it's a very fair question and patrick actually had a column in the albuquerque journal a brief article in there in which he discussed the way the reality is for companies that have been hired by the state to handle whether it's prisons or other correctional facilities rehabilitation facilities patrick and i both got to tour some of these facilities here in new mexico and consistently the people involved the inmates or treatment people being treated for drug addiction said that they were very well operated very uh good and offered a lot of things that weren't available in other facilities that were operated by the state so it just uh you know it's one of those things because the ideas the trump administration was using private jails and prisons to house you know illegal immigrants who had been taken in and the children and the cages and the whole nine yards look i'm not here to discuss federal immigration policy if you don't like that that is a trump slash obama policy it has nothing to do with who operates and maintains the facilities themselves those are just facilities that are available and i it's just another left-wing hobby horse to jump on and ride no matter what the reality of the situation is you know and these uh funds that don't invest in certain things kind of virtue type of funds are they're not they're not that new of a thing but you know it's almost like this whole idea of the cancel culture you know you have this bad thing against you and so uh you can never be forgiven or this industry did this uh there's no way we should uh invest in that you know i would i would defy anyone to have any industry that didn't have something that somebody would uh think is inappropriate and uh you know i haven't looked at this research in a long time paul but the last time we looked at it is these funds tended to underperform just broader based investments because uh you know just how it's at times difficult to uh pick exact winners and losers on individual stocks if you arbitrarily start including things either the math has tended to not work out real well and so i have a feeling we're going to see more of this in in new mexico at the rate things are going as my concern so then what we don't invest in energy we don't invest in social media we don't invest in media you know we don't invest in food because they use monsanto you know it gets to the point where what are you going to invest in and if is it is it dude is it capitalism you don't like or is there just little slices that get increasingly big over time yeah if we're just talking about an individual in their own resources by all means they have every right to not invest in companies they disagree with whether it's alcohol companies tobacco firearms defense contractors or any other you know energy like you said but this is a government board investing on behalf of all the employee employees who have paid into it in this case education employees teachers etc so the idea that this board that chances are very few people who receive or will receive pensions through that board will know what's going on and who's making decisions on their behalf it just becomes a political power grab for the special interests and yeah where does it stop uh i think it's a very open question and scary to contemplate one more before we get to the freedom index and the latest results in that report but you probably missed it because the media you know they did report it to their credit but they buried it on uh some other page off the front page i i can assure you that uh if this kind of success had happened uh under a different presence or for different reasons you know they would be shouting it from the rooftops but uh according to the washington post greenhouse gases generated by the u.s economy will slide 9.2 percent this year tumbling to the lowest level in at least three decades according to bloomberg slash nef national environmental federation i assume the foundation now of course that's partially due to the pandemic but we've seen dropping [Music] emissions of co2 for several years so i think it's not surprising that even with president orange man bad in the white house that uh co2 emissions in the united states continue to decline we're on pace actually now to achieve the paris climate agreement which president biden plans to get the united states back into and uh you know if the economy win the economy returns back to a more normal situation it'll be a little more noticeable if people are trying to adhere to those paris climate numbers but the fact is is that the u.s has continued to grow and get more efficient and despite a very tough year because of a very tough year we've seen further drops in co2 emissions i expect that co2 will continue to go own from the united states rise dramatically in foreign countries like china and uh you know we can handle it but how much can we handle uh obviously we're all hoping that covet goes away yesterday but people will return to more normal patterns of travel especially flying in planes yeah and this has been a long-term trajectory that the u.s economy's been on you know we were certainly a very high emitter of carbon dioxide but a lot of policies and a lot of technological innovations has moved us the other way moving from coal to natural gas some would argue moving from coal to renewables but renewables really are natural gas because uh they're needed much of the time to make it happen uh better fuel economy uh in our in our cars and light trucks uh we've made great progress and so even though the united states wasn't in the paris climate treaty we were making great progress towards that and the paris uh climate accords you know have a lot of things that are not necessarily good for the environment and good for emissions but very bad for american uh economic activity and that's one of the reasons i think that the current administration in washington got out and so it begs the question is it better to be out of the paris climate agreement and meet the objectives our as opposed to being in it and not meet the objectives i think we might get a chance to see that in the next few years yeah i i think you may be right uh once the economy starts to recover and returns to normal i think that uh people we may see a burst of tourism like we've never seen in this country people will say i am sick of the four walls in my house and i am going to get out and travel of course there's also the flip side of that which is that coal-fired power plants either by market forces or by uh government dictats coal is going to be reduced in the years ahead in the unit in the united states in the united states now whether it will be in india and china that's a very open question at this point that's very true uh and of course the san juan generating station in 2021 and even if you know they they keep that open and use the carbon sequestration which maybe that could become a model uh down the road for other places but that would obviously still have a net very positive impact on co2 emissions regardless but i just thought i'd share that little news bite because it's not something you know boy would have been nice if we'd had more of a conversation about that prior to the november presidential election yeah uh without a doubt it's uh it's very interesting so uh good job america reducing our emissions exactly and finally the latest index of economic freedom is out the economic freedom index of north america published by our friends the fraser institute of canada a free market think tank up there in the great white north uh yet again a shout out an a to our friends in canada and what do they say uh they say that nothing is new in terms of new mexico we are still among the least free states in the country you can go to errors of enchantment dot com you can click on the link and read all the [ __ ] details but is are you going to give us a number are you going to make we're going to the website seconds we're 40 seconds oh we're not 48th no we've gotten a little bit better but uh i expect that when michelle lujan grisham's policies really start to take hold in this index we will start to decline quite dramatically notably if you look around the region they go by quartiles the map is the most easy and use user-friendly thing arizona utah colorado are all in the second quartile so among the most economically free but not in the top 25. texas and oklahoma are both in the top 25. the only states as unfree west of minnesota are in the mainland united states so looking at that line west of minnesota iowa missouri arkansas and louisiana all of which are more free than us too well minnesota's on our par but only oregon and california perform in the range that new mexico does and the most notable thing to me is they include a chart which shows that when you look at states and provinces and even mexican provinces the least free have the real that's where the real impact is experienced we're 8.1 lower income across the board not just us but other places that are least economically free than the the median of that country uh in the terms of the second and most free quartiles they're basically on par uh with each other it really matters when you're in that lowest quartile when you're the least economically free place you really get hammered yeah and then when you talk about median income that's not whether big business and uh rich people do well that's how well the citizens do in that country and that's why this is important is yeah we're in that we're in that danger zone and we're unfortunately we're in striking distance of getting to where it continues to be really bad but we're not again we're not 48th or 50th with some reasonable policy over a period of a few years we might move the other no the other direction and help the earning power and the success of our people our workers our families here in new mexico that would be a good thing that is a fantasy of the highest order wally but it would be a good thing it wouldn't be a good thing until i i just gotta say that until we get rid of our current governor i see no improvement in new mexico's economic freedom and i'm not sure the legislature will do any thing as well in its current uh iteration but we will leave it there thanks for listening to this week's show make sure to get the latest edition of tipping point new mexico by subscribing apple podcast stitcher and spotify you can post your comment on this and other episodes on facebook and twitter and tell google home to play tipping point new mexico thanks to path remarketing for producing this show