Friday, June 7, 2013

Minnesota Putting Wisconsin Economy To Shame

Scott Walker says he's reformed Wisconsin to "prosperity" though we rank 44th/47th/49th on various job and growth rankings - - but a look across the border shows there's more to begrudge Minnesota than the Vikes' signing ex-Packer Greg Jennings.

From the Minneapolis Star Tribune:

Minnesota’s economy grew faster in 2012 than it has in nearly a decade, spurred by broad gains in manufacturing, wholesale trade, finance and insurance, and real estate rental and leasing. 
The state’s gross domestic product surged 3.5 percent over the previous year, the fifth-fastest pace in the nation and Minnesota’s best year since 2004, according to figures released Thursday by the U.S. Department of Commerce. 
“We are in an economic expansion here,” said Toby Madden, an economist at the Federal Reserve Bank of Minneapolis. “The Minnesota economy is doing pretty well.”
And earlier, from Minnesota Public Radio:
As we've noted in several posts (find them here and here) Wisconsin talks a better game than it plays when it comes to economic success. The facts show Minnesota performed better than the Badger State in keeping people employed during the Great Recession and adding jobs in the recovery .
Now, though, new data show Minnesota may be starting to pull away.

10 comments:

Anonymous said...

Ahem, that's the Minneapolis Star Tribune. I need to move back to Minnesota, land of the free.

James Rowen said...

Corrected. My bad...

Anonymous said...

We will have the perfect health care experiment. MN, hopefully w/ a fully functioning health care exchange envision under Obamacare juxtaposed w/ WI's ideologically based mishmash of a system. Bad policy rarely leads to optimum outcomes.

Anonymous said...

Of course their economy is better for the moment due to the iron mining industry, and a higher wolf kill. We will be catching up soon.

zombie rotten mcdonald said...

How does a wolf kill contribute anything meaningful to a state economy?

You're just rolling, and pretty poorly at that.

Jake formerly of the LP said...

I assume that's satire, Ronnie Mac. Or I sure as hell hope it is.

zombie rotten mcdonald said...

I mean, you might as well point out that Minnesota's economy started to take off when they approved gay marriage.

zombie rotten mcdonald said...

Satire is tough to do, especially anonymously.

Let alone in blog comments.

Mitch said...

I'm sure Wisconsin's poor performance compared to Minnesota has nothing to do with Walker's policies.

Maybe it's our weather. Or our out-of-the way location in the Upper Midwest.

Anonymous said...

It's the Germanic heritage.