Driving from Columbus to Indianapolis yesterday, you could see the signs of America’s ongoing economic struggles, without having to look very hard for them.
It’s a straight shot from Columbus to Indianapolis, on I-70 West. That’s one of our main east-west highways, linking cities like Columbus, Indianapolis, St. Louis, and Denver. When the economy is really cooking, the road is packed with long convoys of semi trucks that can make the drive a real pain. In America’s heartland, trucks are the true wheels of commerce. Yesterday, there was some truck traffic, but not that much — certainly not as much as in boom times.
Another highway-oriented economic indicator is billboards. The number of billboards dotting the I-70 roadway reflects its status as a major transportation artery. Yesterday, many of the billboards were available for lease, which suggests that some companies may have cut back on their advertising budgets or that the businesses that formerly used the billboards have gone under.
From what I saw on my road trip, I’m not surprised by the continuing bad news — like yesterday’s report of higher than expected filings of new joblessness claims.