DawnODay
Literotica Guru
- Joined
- Dec 19, 2015
- Posts
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A few years ago, we started hearing about the "Minnesota Miracle." Back then, certain indicators suggested that Minnesota had a stronger economy than the other Great Lakes states such as Illinois, Indiana, Michigan, and Wisconsin. This was considered significant because several of those states, lead among them Wisconsin, had in 2010 or 2014, come under Republican control, while Democrats controlled Minnesota. In fact, the comparison was most often made with its next-door neighbor Wisconsin, where Republicans had recently lowered taxes and enacted a number of controversial regulatory reforms to make the state more business friendly. With Minnesota having an arguably better economy, the supposed lesson: Democrats better run economies.
Now look what has happened since:
So much for the "Minnesota Miracle."
Now, with last November's elections, Republicans regained power in the Minnesota legislature (indicating that Minnesota voters recognize that the Democrats are mishandling things). Democrat Mark Dayton remains governor, however, and prevents any of the sort of economic and regulatory reform that has benefited many of its neighbors, like Wisconsin.
Also, remember that Wisconsin's prior governor, Democrat Jim Doyle, left behind for Scott Walker a >$3 billion deficit, even after Doyle and the Democrat controlled legislature ill-advisedly raided the state's allocated transportation fund (we're still paying for that) and illegally stole from a trust fund established to help victims of medical malpractice (how cruel)! The trust fund money the Democrats stole had to be paid back during the early years of the Walker administration. In other words, the Republicans had to dig themselves out of a nearly $4 billion dollar hole left by their Democrat immediate predecessors, so if it has taken a few years to catch up, that is certainly understandable.
Minnesota's neighboring Republican run states like Wisconsin and North Dakota are booming while Minnesota is starting to follow the downward spirals of Democrat controlled states like California and Illinois. The lesson learned: lower taxes and limiting regulation to reasonable levels are what governments must do for a healthy economy.
Now look what has happened since:
Study finds Minnesota’s economy 'average' – with a dim future (August 15, 2016).
This article noted:
It goes on to point out that agencies of Minnesota Governor Mark Dayton's own administration "also predict below-average economic performance" (emphasis added).
This article noted:
It goes on to point out that agencies of Minnesota Governor Mark Dayton's own administration "also predict below-average economic performance" (emphasis added).
So much for the "Minnesota Miracle."
Now, with last November's elections, Republicans regained power in the Minnesota legislature (indicating that Minnesota voters recognize that the Democrats are mishandling things). Democrat Mark Dayton remains governor, however, and prevents any of the sort of economic and regulatory reform that has benefited many of its neighbors, like Wisconsin.
Also, remember that Wisconsin's prior governor, Democrat Jim Doyle, left behind for Scott Walker a >$3 billion deficit, even after Doyle and the Democrat controlled legislature ill-advisedly raided the state's allocated transportation fund (we're still paying for that) and illegally stole from a trust fund established to help victims of medical malpractice (how cruel)! The trust fund money the Democrats stole had to be paid back during the early years of the Walker administration. In other words, the Republicans had to dig themselves out of a nearly $4 billion dollar hole left by their Democrat immediate predecessors, so if it has taken a few years to catch up, that is certainly understandable.
Minnesota's neighboring Republican run states like Wisconsin and North Dakota are booming while Minnesota is starting to follow the downward spirals of Democrat controlled states like California and Illinois. The lesson learned: lower taxes and limiting regulation to reasonable levels are what governments must do for a healthy economy.