An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Showing posts with label Governor or Ohio. Show all posts
Showing posts with label Governor or Ohio. Show all posts
Monday, April 9, 2012
John Kasich's economic "miracle" in Ohio
I was listening to Ohio Governor John Kasich over the weekend and he went on and on about his incredible accomplishments in his state--balancing the budget, bringing down unemployment, blah, blah, blah.
Anyway, I just checked the personal income numbers for the state of Ohio out of the Bureau of Economic analaysis and it isn't very flattering for Kasich.
Look at his "miracle." Personal income growth plummeted by 60% under his plan. Some miracle!
Great job, Governor!
Kasich is a big deficit hawk. He's all about slash and burn, spending cuts, mass layoffs of state workers, cuts in services, repealling collective bargaining, etc.
This is the "formula" he wants the Obama and the Federal Government to follow. Balance the budet on the backs of those who can least afford it.
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