We're the only province with an economy that consistently grows below the national average, we are dead last in health-care, according to the Conference Board of Canada, and we have crumbling highways.

They can't live within their means. Their revenues will increase by $188 million, but they'll spend $275 million more than what they estimated. It seems that no matter how much money they get they'll spend more.

While the equity market and accounting issues and corporate scandals are weighing on the economy, it is still fundamentally sound. The recovery process hasn't been derailed. We still think the economy is going to grow at about a 3.5-percent pace in the second half -- fast enough to keep the Fed from easing, but not fast enough to cause them to tighten this year.

If prices are rising in response to a pickup in global demand, that's a good sign for the economy. Though it does impart a drag on the economy, you don't feel it as much.

Ten out of our 11 major industries showed 12-month job gains. Overall, the health of Arizona's economy last year continued to push forward into post-holiday January.

There's a good mix. What could be better? It's fantastic. It's the economy. It tells you something about the health of the market.