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Old 06-17-2013, 06:48 PM
 
67 posts, read 56,374 times
Reputation: 37

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Fed index ranks Wisconsin 49th in economic outlook

In the latest economic indicator that casts Wisconsin in a negative light, the Badger State ranks 49th in the nation in the most recent index from the Federal Reserve Bank of Philadelphia.

Meanwhile, the liberals to the East...

In the economic game, Minnesota is pulling away from Wisconsin | Statewide | Minnesota Public Radio News
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Old 06-17-2013, 08:46 PM
 
67 posts, read 56,374 times
Reputation: 37
I meant to the West...duh
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Old 06-17-2013, 08:52 PM
 
Location: Portland, Oregon
46,053 posts, read 29,538,049 times
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Not surprised, that is what Wisconsin gets for letting the Koch Brother's lap dog run their state.
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Old 06-17-2013, 09:03 PM
 
Location: Colorado
1,968 posts, read 1,985,012 times
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I read about that as well; blue states rule! Minnesota is really doing great things.
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Old 06-17-2013, 09:29 PM
 
51,993 posts, read 41,825,420 times
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Quote:
Originally Posted by jimmyjam1 View Post
Fed index ranks Wisconsin 49th in economic outlook

In the latest economic indicator that casts Wisconsin in a negative light, the Badger State ranks 49th in the nation in the most recent index from the Federal Reserve Bank of Philadelphia.

Meanwhile, the liberals to the East...

In the economic game, Minnesota is pulling away from Wisconsin | Statewide | Minnesota Public Radio News
Did you just read the title and stop there?

Quote:
Economists cautioned against reading too much into a single month's data.

And the Philadelphia Fed's report is imperfect. Among the multiple variables used to compile the leading index, a significant component is the monthly state employment report, which is prone to heavy revisions. That's because the government bases its monthly findings on a survey of only about 3% of the state's employers. That creates a wide margin of error when they are extrapolated statewide.
Quote:
Most economists point to the state's preponderance of manufacturing industries, which face strong foreign competition and have been slow to reinvent themselves.
It also mentions partisan sniping but that's probably something you understand.
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Old 06-17-2013, 09:33 PM
 
Location: Colorado
1,968 posts, read 1,985,012 times
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Walker is also embracing Obamacare! Maybe he realizes mismanagement is not the way to go.

Gov. Scott Walker embraces Obamacare

Hey, in 2016 he's got that Koch brothers lawn jockey job waiting for him.
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Old 06-17-2013, 09:46 PM
 
67 posts, read 56,374 times
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Quote:
Originally Posted by Mathguy View Post
Did you just read the title and stop there?

It also mentions partisan sniping but that's probably something you understand.
Competition from Asia is nothing new. Don't you think Walker knew about that before he suckered the citizens of Wisconsin? He promised a huge job growth if Wisconsin dismantled uninons and if his austerity measures were approved. He got his way...
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Old 06-19-2013, 08:33 AM
 
51,993 posts, read 41,825,420 times
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Quote:
Originally Posted by jimmyjam1 View Post
Competition from Asia is nothing new. Don't you think Walker knew about that before he suckered the citizens of Wisconsin? He promised a huge job growth if Wisconsin dismantled uninons and if his austerity measures were approved. He got his way...
I'm unsure how much time you feel is reasonable for these changes to occur? I would also think that the whole recall campaign took up a lot of political energy across the state.

WI has been heading into the crapper for quite some time as has my home state of IL....just for somewhat different reasons.

I can't help but see you taking a single months report citing the experts saying not to read too much into it and think you are hopelessly partisan. You kinda sound like the rwnj's frothing about Obama not fixing the economy 2 years into his term.
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Old 06-19-2013, 08:40 AM
 
51,993 posts, read 41,825,420 times
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Quote:
Originally Posted by artisan4 View Post
I read about that as well; blue states rule! Minnesota is really doing great things.
Yeah, they are like 11th in unemployment now, not too shabby.

You might want to look at the list though before getting all partisan with the blue state, red state garbage....
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Old 06-19-2013, 08:53 AM
 
Location: The Republic of Texas
66,552 posts, read 33,820,661 times
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Quote:
Originally Posted by jimmyjam1 View Post
Competition from Asia is nothing new. Don't you think Walker knew about that before he suckered the citizens of Wisconsin? He promised a huge job growth if Wisconsin dismantled uninons and if his austerity measures were approved. He got his way...


Public unions... Not private. Lets get this straight.
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