GDP top quintile... WV (Man: credit, how much, price)

[harborlady]

Ran across this late and didn't see it posted so... here's some good news (for now).
News Release: (GDP by State)

[Silkdashocker]

It's not bad news. But it's still visible that the economic downturn has hit WV. Look at all the job loss around the state. WV has just weathered the storm better than some of the other areas that were booming before the collapese.

[harborlady]

I came across this link debating another thread where people were alluding to stereotype welfare states. I believe, like Wyoming, the elevated price of coal contributed significantly to WV's performance. Most importantly, whatever reputation of being a deadbeat state... debunked. Given the right climate, WV is able to thrive. More money in the pockets of miners translates to increased money flowing in the general localized economy. Healthy things do happen here.

I have less to worry about in WV than Ohio. I don't think they can take another economic beating. Like him or love him, Manchin was very smart reserving his budget surplus close to the vest fiscal conservative style. That's the difference between states underwater and those treading water. Too many were lured on gambles with credit, counting chickens before hatched, and got themselves twisted in knots. We might have statewide deficit before this is over, but greatly reduced relatively speaking because we weren't strung out with debt before the tide turned.

Prevention deserves due credit the same way flashy sports heros score a goal. I think people have become conditioned to thinking in terms of 'how much money did you make' as the only real economic muscle, but the other muscle- how much money did you SAVE, is ignored by populist thought.