Monday, August 25, 2014

Progressives' War on the Economy

Several recent articles illustrate the painful economic consequences of liberal-progressive rule. Contrast these against the final article below showing the economy of Texas under conservative rule.

Real Household Incomes Fall 5.9% Under Obama — "From this analysis, Americans have lost real income gains during an economic recovery for the first time in American history."

ObamaCare Slows Hiring, Raises Prices in 5 States: Fed Survey — "In a Philadelphia Fed survey of regional manufacturers out Thursday, 18% said they employ fewer workers due to the Affordable Care Act than they would in its absence. Just 3% say employment levels are higher as a result. Further, 18% said part-timers make up a greater share of workers due to ObamaCare ... just 1.5% said they've scaled back part-time work in response."

Government Dependency in America Nears Tipping Point -- "New data on federal public assistance programs show we've reached an ignominious milestone: More than 100 million Americans are getting some form of 'means-tested' welfare assistance..." [chart right].

Now consider this from AEIdeas:

Chart of the Day: Texas Jobs — "The chart tells a powerful and important story about the strength of the Texas economy, which has experienced an employment increase of more than 1.3 million workers since late 2007. In contrast, civilian employment in the other 49 states is still almost 1.3 million jobs below the December 2007 level!"



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