The handwriting is on the wall. Revenue forcasts for the state are totally bogus. The problem with "stimulus" driven jobs is that after the funding dries up, the job goes away. Make-work projects do not improve the investment and business climate for Oregonians. Bankrupting the state to provide unbefore seen services does not improve the investment and business climate of the state. Issues dealing with "social justice" may seem important to the Left, but does nothing for the hard facts of spending more money than your private sector can produce. At the end of the day, you're simply broke and going deeper into debt.
So what are the conclusions of the state's economist, Dave Cooke?
"During this five-month period, the rate rose by an average of nearly a full percentage point per month.
"In May, 240,615 Oregonians were unemployed. In May 2008, 103,441 Oregonians were unemployed."
Oregon's solution? Spend more money on stuff. Increase taxes and fees. Problem solved.
Tuesday, June 16, 2009
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2 comments:
Our wise and benevolent leaders in Salem are making a hard charge down the home stretch, trying to overtake Michigan as the state with worst governance.
We're #1!!!
Been to mosty states and talk to a lot of relatives--oregon is the worst by far for business--but a far greater place to visit. sorry
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