Sunday, September 14, 2008

Red and Blue State Economics

Would you like to compare the economic plans of Obama (D) and Mc'Cain (R)? Phil Gramm shows us some real life results at the state level. Previous posts on this subject Here, Here and Here.


"The Competitiveness Index created by the American Legislative Exchange Council
(ALEC) identifies "16 policy variables that have a proven impact on the
migration of capital -- both investment capital and human capital -- into and
out of states." Its analysis shows that "generally speaking, states that spend
less, especially on income transfer programs, and states that tax less,
particularly on productive activities such as working or investing, experience
higher growth rates than states that tax and spend more."


Ranking states by domestic migration, per-capita income growth and employment growth, ALEC found that from 1996 through 2006, Texas, Florida and Arizona were the three most successful states. Illinois, Ohio and Michigan were the three least successful."


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