Monday, June 27, 2011

Who could have guessed?

Relative to national economic trends, states that increased spending enjoyed on average:
0.2 percentage point decrease in the unemployment rate
1.4 percent increase in private employment
0.5 percent real economic growth since the start of the recession

In contrast, states that cut spending saw on average:
1 percentage point increase in the unemployment rate
2.1 percent loss of private employment
2.9 percent real economic contraction relative to the national economic trend


Mario said...

gee you don't say!?!?!

well there must be hyper-inflation going on in those states too I reckon!!! grrrrr

Clonal said...

It is obvious that the most useless people in the economy lost their jobs - as they should. since their jobs obviously depended on government spending. And "as we all know," government is a parasite, and all those linked to it are parasite suckers! ;)

Mario said...


that darned guberment...always causing trubble wherever they goes.

Of course them folks that lost their jobs just weren't being efficient enough...they'll learn their lessons now I'm sure...


Anonymous said...

Yes, and states where homeowners went into the most debt had the greatest run-up in real estate prices. UNTIL THE FRIGGIN' PARTY ENDED and the debt couldn't be paid. State spending is fine when it's not based on inflating debt.

googleheim said...

this ain't mmt

more jobs for everyone is mmt.

there is no such thing as a 1/2 person or useless jobbed people