Contributors

Thursday, February 26, 2015

How To Govern An Economy

Minnesota got another shout out for having a great economy despite the "destruction" that raising taxes, increasing the minimum wage, and increasing government spending brings with it.

Between 2011 and 2015, Gov. Dayton added 172,000 new jobs to Minnesota's economy -- that's 165,800 more jobs in Dayton's first term than Pawlenty added in both of his terms combined. Even though Minnesota's top income tax rate is the 4th-highest in the country, it has the 5th-lowest unemployment rate in the country at 3.6 percent. According to 2012-2013 U.S. census figures, Minnesotans had a median income that was $10,000 larger than the U.S. average, and their median income is still $8,000 more than the U.S. average today.

Take note that the predictions from Republicans were completely wrong.

I wonder if they'll get the message in Wisconsin...

5 comments:

Nikto said...

Yes, they got the message in Wisconsin. Since they can't compete with Minnesota, Wisconsin is going to compete with Alabama in a race to the bottom.

After promising he wasn't going to do it, Scott Walker is ramming through a union-busting law to pump up his conservative cred for his presidential run in 2016.

Mark Ward said...

I wonder if this means he will lose his home state in the general...that's if he is nominated..

Unknown said...

Can either of you tell us why the 330 page set of regulations in the net neutrality bill has not been made public?

Mark Ward said...

Well, first of all, it's not a bill but a set of regulations. And, according to the Wall Street Journal...

The bar against disclosure is governed by an FCC rule that’s been on the books at least since 1996. It says the “content of agenda items” may not be disclosed “directly or indirectly, to any person outside the Commission” except “as authorized in writing by the Chairman.” As it suggests, the chairman is free to decide on his own whether to release an order before a vote.

The agency says its disclosure rules are intended to allow the commissioners to freely and candidly deliberate in private after taking the public’s input into consideration and to help bring closure to a lengthy rule-making process.


http://blogs.wsj.com/law/2015/02/24/what-the-public-doesnt-get-to-see-about-the-net-neutrality-proposal/

It looks to me like it's still a work in progress and will be entered into the federal register when it is complete. People will then have 30 days to enter a grievance.

juris imprudent said...

A contrary opinion about MN doing all that great, particularly over a longer haul.

Another article noted that the tax revenues were plowed largely into K-12 education. I can't imagine why that would make some people happy. ;-) But it certainly is NOT going to result in a sudden burst of labor productivity or private investment - which ARE the things that make for economic growth.