Wisconsin's Walker-Led Recession
I'm using the term as a general descriptor of decline - - and fresh government data with a map from Federal banking officials show our sorry State:
Release Date:May 28, 2013
The Federal Reserve Bank of Philadelphia has released the leading indexes for the 50 states for April 2013.The indexes are a six-month forecast of the state coincident indexes (also released by the Bank).
Forty-five state coincident indexes are projected to grow over the next six months, while five (Alaska, Louisiana, North Dakota, Wisconsin, and Wyoming) are projected to decrease.
All five have Republican governors, interestingly enough.
And four of them (all except Wisconsin) have a large energy-extraction sector. In recent years that means economic growth. What changed? And what's Walker's excuse?
Excuses have included recall protests, Obamacare, The Ghost of Jim Doyle, bad data, etc. etc. etc.
Nothing of his doing...
well, I have often said that whenever you hear the Extraction Industry say something, bet on it being a lie.
If I had been playing that line for dollars, I could probably stop working. I might even qualify for the Walker Rich-Guy tax break by now....
JR, I think they are probably also blaming it on Benghazi.
And let's not forget Union Thugs and Far-Left Ideological Zealots...
To all of you, please go to the corner and repeat after me: It's working. It's working. It's working.
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