February 25, 2015

THE WISCONSIN MIRACLE:

Scott Walker's Lagging Indicators (Christopher Flavelle, 2/24/15, Bloomberg)

At the close of 2010, a year and a half after the recession officially ended, Wisconsin could claim one of the better economic recoveries in the country. Employment had grown at a faster clip than in most states, and the value of Wisconsin's publicly traded companies was up almost 40 percent. Tax revenue, a sign of economic health, had risen more than 50 percent.

Then Scott Walker became governor. Over the four years that followed, Wisconsin's economic performance ranked 35th in the country, according to the Bloomberg Economic Evaluation of States, which tracks the change in a series of economic indicators. The state has lagged Michigan (3rd place), Illinois (14th), Iowa (18th) and Minnesota (19th).

Walker's entry into the top tier of Republican presidential candidates means how well Wisconsin stacks up against its neighbors is more than just an extension of the Badgers-Gophers rivalry. It raises questions about whether he can plausibly claim to offer better economic growth nationwide than he achieved in his own state.

Takes real effort to underperform economically under prevailing conditions.

Posted by at February 25, 2015 12:47 PM
  

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