Have we moved from the “Mississippi Miracle” of the 1990s to the “Mississippi Malaise” of 2001 — and perhaps, beyond? Based on a recent spate of plant closings and job layoffs, one might assume so.
However, it would be a mistake to rush to judgement about the state of the state’s economy. While hundreds of jobs have been lost as manufacturers and technology firms adjust to changes in the U.S. and world economies, there are plenty of reasons to remain optimistic.
Analysts remain confident that despite a slowdown, growth is still possible. Deals are still being made. Homes are being built and cars bought. Take a drive down one of the state’s busiest commercial corridors, County Line Road at Jackson-Ridgeland, and one finds thousands of consumers in search of a good meal, new clothes, a five-buck cup of coffee or the latest thriller.
Consumerism, often maligned, does come in handy when we see a cloud on the economic horizon. So it should go this time.
There may be a few bumps in the road that remain, but with hard work, investment and perhaps a little shot of faith, the Miracle should roll on.