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States That Defy Obamanomics Succeed June 12, 2012

Over at The Washington Post, Jennifer Rubin shares some eye-opening stats with us.

It seems that states the push back on the Krugman/Obama model of increasing spending and taxes have better economies than states that follow that model.

In Wisconsin, after Gov. Scott Walker’s reforms went into place, there were no state layoffs and overall the state added about 23,000 jobs. In Ohio, Gov. John Kasich has been streamlining government, wielding his veto pen and making Ohio more friendly to business. Lo and behold, Ohio is now among the top states in job creation.

But some states are following Obama’s advice. Illinois keeps raising taxes, and its budget deficits keep piling up. Its unemployment rate is above the national average at 8.7 percent.

Then there is California, a policy paradise from Obama’s point of view. High marginal tax rates on individuals, dominating state employee unions, strict environmental legislation and a pro-trial-lawyer legal environment. Oh, yes, and it has 10.9 percent unemployment, an outflow of people and businesses and a $15.7 billion budget deficit. It faces a credit downgrade. I suppose the problem is not enough state employees.

This just in: Those stereotypical Democratic "tax and spend" proposals do not cause an economy to flourish, do not create wealth, and do not help the unemployed.

Read the whole thing.



 

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