2/14/21

SDSU Econ prof: federal aid keeps South Dakota afloat


Yes, socialized agriculture, socialized dairies, socialized cheese, socialized livestock production, a socialized timber industry, socialized air service, socialized freight rail, a socialized nursing home industry and now a socialized internet are all fine with Republicans in South Dakota but then they insist single-payer medical insurance is socialized medicine

Real conservatives at the Heritage Foundation have called for subsidy reform for years.
Are we really “through” the pandemic? And on what measures is this statement based? Evert Van der Sluis, a professor of economics at South Dakota State University, said several factors helped. The state experienced less of an economic decline than initially projected at the start of the pandemic because of federal aid, conservative revenue projections and a multibillion-dollar investment in wind energy, he said. South Dakota — where agriculture is the top industry — also benefited from billions of dollars in direct federal government payments to farmers, said Van der Sluis. While some of these payments were connected to the pandemic, others helped offset the financial losses caused by fallout from a U.S. trade dispute with China.
Read the rest here.

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