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Tuesday, August 11, 2015

Republican Fiscal Programs Worst


The Kansas City Star covered a Business Insider article which ended ranking Kansas and Missouri economies 2 of the 10 worst in the nation.

Missouri and Kansas economies are two of the unhealthiest in the nationreport says 


Business Insider ranking of state economies places Missouri and Kansas in the bottom 10 when it comes to the state of their economies.
The survey released last week, which examined the economies of 50 states and the District of Columbia, ranked Missouri 47th and Kansas 43rd.

47. Missouri

Missouri is home to 26 Fortune 1000 companies, including Emerson Electric, agricultural giant Monsanto, O'Reilly Automotive, and Energizer.

Missouri had a low rate of employment growth, with nonfarm payrolls growing just 0.8% between June 2014 and June 2015. The state was slightly below average on all our other metrics, like its 5.8% June 2015 unemployment rate, higher than the national rate of 5.3%.

43. Kansas

Kansas' economy has huge agriculture and aerospace sectors. Among the most disproportionately common jobs in Kansas are livestock wholesalers, cattle ranchers, turkey producers, and airplane manufacturers.

Kansas' over the year wage growth of 2.6% was somewhat weaker than the national rate of 3.5% between Q4 2013 and Q4 2014. Job growth was also below average, with nonfarm payrolls growing by only 0.8% between June 2014 and June 2015. Despite the slow change in employment, Kansas' June 2015 unemployment rate of 4.5% was quite a bit lower than the national 5.3% rate.
Also worth note is that Right Wing, Republican New Jersey's economy, what with 2016 presidential candidate Chris Christie leading it, also comes in near the bottom at number 44.

In the meantime, California's increasing taxes on the wealthy paid off their debt last week and their economy has grown.

California pays off $14 billion in costly debt from 2004
So the question is, the question still is, at what point do people from these states--heck from the entire nation--recognize and accept that "supply side", "trickle down" economics of the Right Wing and Republican Party just patently don't work?

Cutting taxes for the already-wealthy and corporations just plainly, plainly does not work or even remotely help.  Economists warned it's a bad idea yet off these states have gone and these are the clear, obvious, even paiinful results.

Can we stop this nonsense now, at along last?

Link to original article: 
RANKEDThe economies of all 50 US states and DC from worst to best


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