Apr 30 2014
Facing a May 20 Republican primary election challenge from Idaho Sen. Russ Fulcher of Meridian, Gov. C.L. “Butch” Otter touted the state’s economic advancements under his leadership when he spoke at an April 29 Greater Pocatello Chamber of Commerce breakfast.
Fulcher, Senate majority caucus chairman, hopes to derail Otter’s drive to secure a third term as the Gem State’s chief executive. During his morning speech to a crowd of about 400 at the Red Lion, Otter said after his 99-year-old mother urged him to run for re-election, he helped her fill out her absentee ballot.
Otter paraphrased Anglo-Irish statesman Edmund Burke who said all that needs to happen for a good organization to go bad is for good people to do nothing. “Idaho is in pretty good shape,” he said. “The economy in the state continues to grow.”
Publications such as the Wall Street Journal and Forbes have ranked Idaho as the fifth best state in which to do business. The top five states are all governed by Republicans in the West, with Utah topping the list, Otter said.
While much has been said of North Dakota’s oil and natural gas boom, it is not well known that Idaho is now a natural gas producing state with 4.2 million cubic feet a day of “sweet gas” pumped in southwestern Idaho’s Payette County, where Idaho Power runs the Langley Gulch Power Plant capable of generating 300 megawatts of power, the governor said.
In 2008, Otter launched “Project 60” to boost Idaho’s Gross Domestic Product from $51.5 billion in 2007 when he took office to $60 billion last year. The state’s GDP is projected to hit $62.4 billion this year, creating jobs and broadening the tax base, he said. “We’re running ahead of economic projections a little bit.”
Idaho’s unemployment rate went from 2.7 percent about seven years ago to a peak of nearly 9 percent about four years ago before declining to its existing rate of 5.2 percent, which is 1.5 percent better than the nation’s jobless rate, Otter noted. Continue Reading »Share on Facebook