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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
08-28-2012, 05:06 PM
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#1
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,483
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Quote:
Originally Posted by Jim in CT
OK, Spence. So WI and OH turned things around by having the government borrow and spend more. Got it.
Spence, if that's true (and of course it's not), why has that approach faired so poorly in CT, MA, RI, and Washington DC?
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Different situations.
Ohio has benefited from a recovering auto industry of which there's little supply chain in the north east. Ohio also does have a lot of heavy manufacturing which has rebounded well with international infrastructure development and stimulus spending domestically.
Walker certainly did cut some costs, but I believe he's also diverted banking settlement money into the general fund and borrowed $500M to restructure WI debt.
The point being, you can't just say short-term policy has led to growth or stability when there are a number of factors at play...many of which could be geographic or dealing with larger trends.
-spence |
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08-28-2012, 05:41 PM
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#2
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Registered User
Join Date: Jul 2008
Posts: 20,441
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Quote:
Originally Posted by spence
Different situations.
Ohio has benefited from a recovering auto industry of which there's little supply chain in the north east. Ohio also does have a lot of heavy manufacturing which has rebounded well with international infrastructure development and stimulus spending domestically.
Walker certainly did cut some costs, but I believe he's also diverted banking settlement money into the general fund and borrowed $500M to restructure WI debt.
The point being, you can't just say short-term policy has led to growth or stability when there are a number of factors at play...many of which could be geographic or dealing with larger trends.
-spence
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"Ohio also does have a lot of heavy manufacturing which has rebounded well with international infrastructure development"
Spence, please share with us the data that says that infastrusture spending is drivingthe Ohio recovery? What have they done there?
We haven't donemuch infastructure spending. Much of the stimulus money went to public labor unions. I don't see how that helps manufacturing. |
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08-29-2012, 11:34 AM
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#3
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,483
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Quote:
Originally Posted by Jim in CT
We haven't donemuch infastructure spending. Much of the stimulus money went to public labor unions. I don't see how that helps manufacturing.
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A lot of infrastructure spending is global in nature and drives the entire manufacturing base. Ohio has a pretty big economy, automotive, agriculture, aerospace suppliers, steel production, industrial machinery, medical etc...
Kasich hasn't even been governor for two years. You think he magically fixed things? Their economy is driven by much larger global trends.
-spence |
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08-29-2012, 02:38 PM
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#4
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Registered User
Join Date: Mar 2003
Location: Gloucester Massachusetts
Posts: 2,678
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Quote:
Originally Posted by spence
A lot of infrastructure spending is global in nature and drives the entire manufacturing base. Ohio has a pretty big economy, automotive, agriculture, aerospace suppliers, steel production, industrial machinery, medical etc...
Kasich hasn't even been governor for two years. You think he magically fixed things? Their economy is driven by much larger global trends.
-spence
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Spence UUUU left out COAL |
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