Boom or Bust — Is It Red or Is It Blue?
When a political novice named Donald Trump governed using conservative principles, history was made in wage growth across all genders and races. Low unemployment, manufacturing, and endless opportunities returned to the U.S. with an economic expansion that benefited more Americans, reminiscent of Ronald Reagan. Now every economic boom is heralded as great news for the Biden-Harris administration, when in truth the progress is occurring in Republican-led states.
News stories report the fastest recovery and most robust GDP with Joe Biden, but Biden’s policy has been to flood the economy with government money, triggering historic inflation — a universal tax that redistributes wealth.
The robust recovery actually comes from Republican-led states, where we find the 10 lowest unemployment rates: Nebraska (1.7%), Utah (1.9%), Oklahoma (2.3%), Idaho (2.4%), Montana (2.5%), Vermont (2.5%), Georgia (2.6%), South Dakota (2.6%), New Hampshire (2.6%), and Indiana (2.7%). Conversely, the states performing most poorly in employment are 10 Democrat-led states and one Republican state in a tie. California (6.5%), Nevada (6.4%), New Jersey (6.3%), New York (6.2%), and Connecticut (5.8%) are the bottom worst and, not coincidentally, the most heavily taxed with continued lockdowns related to COVID measures.
As Americans figure out that state policies can ruin their lives and businesses, movement has been spurred by the fluidity of the COVID economy and the ability to work remotely. According to Zillow early in January, eight of the top 10 housing markets are in states led by Republicans (TX, TN, GA, FL, AZ) and the other two top markets are in North Carolina — a state with a Republican legislature.
The Census Bureau backs this up with population growth seen in red states and a mass exit from California, New York, and Illinois, all three led by heavy-handed labor union and Democrat policies. The largest domestic population losses recorded by the Census Bureau were in California (-367,299), New York (-352,185), and Illinois (-122,460).
The South still leads in economic growth and freedom and has a net growth via in-migration of 657,682 from 2020 to 2021 versus the net out-migration of the Northeast of 389,638.
Policies, politicians, and people in these red states honor law enforcement; expect their children to be educated, not indoctrinated; and leave the freedom for capitalism to offer jobs, promoting hard work and economic rise. Companies cannot operate in oppressive states that regulate jobs out of existence; hence, the major movement from blue to red states. As “Biden Money” competes with those who work and invest, the Consumer Price Index for December 2021 was 7.0%, a massive increase from the 1.4% in January 2021, when the Biden-Harris administration and the Democrat-controlled House and Senate took office.
It matters who governs. Ideological principles prevail in governance. The 2020 elections were all about personalities and the effective communications of the Center-Left and the media. We all desire respectable morals and upstanding personalities in our political offices, but neither party has offered that in the recent past. Instead, we must choose the ideologies that can at least protect our freedom to choose what is right.
America certainly has a choice in 2022. The choice is not about personality, wokeness, or even identity politics. In the upcoming midterms, Americans must look at the hard data and vote for policies that empower citizens, allow economic growth, and encourage freedom.
Boom or bust? Put another way: Red or Blue?
Original Here |
| Posted by Trackman |
⭐⭐⭐⭐⭐
-Tex