Thursday, September 09, 2010

Where’s Next: November May Determine Regional Winners

Democrats love to paint the lie that it is the Republicans who are the "fat cats." Gosh, how many times have we heard that phrase from the president's blue lips? Washington DC with hardly a blip of unemployment has seen its economy roaring. Never better for federal jobs--federal employment, excluding the postal service, remains roughly 200,000 larger than in 2008. New York City and Silicon Valley, bastions of liberal greed, are bloating on government grants courtesy of Obamanomics,is another. This article even says Ohio--specifically Columbus--will be one of the regional beneficiaries, although not the outlying areas. I wondered why he had so many return trips here--preaching to the union choir in campaign singy songy happy clappy praise choruses.
    "Other regional winners from the Obama economy generally can be found in state capitals and University towns, particularly those with the Ivy or elite college pedigrees that resonate with this most academic Administration. One illustration can be seen in the relatively strong recovery of Massachusetts – home to many prestigious Universities and hospitals – which has seen jobs grow by 2.2 percent since the Obama ascension. Similar, albeit less dramatic recoveries can be found in Columbus, Madison and Minneapolis-St.Paul, with their large university communities and regional federal employment centers. Yet the political benefits of this growth may be limited. Many other parts of these same states, including the outer boroughs of New York are not doing well; aside from Columbus, Ohio has continued to skid as its industrial and corporate base dwindles, often moving to more business friendly states.
Wall Street CEOs love the Democrats--more regulation means less competition from the little guy and up and coming competitor.

But not so fast. Some regions are sticking to basics, sound planning, lower costs. And when this passes, those regions may siphon off some of that blue region growth.
    " . . . the fastest growth in science, engineering and technical jobs has been in low-cost states such as North Dakota, Virginia, New Mexico, Utah and Texas. Just recently, several major Silicon Valley powerhouses – Adobe, Twitter, Electronic Arts and eBay – announced major new expansions in Utah, a state that is among a brood seeking to move prized businesses, including even entertainment, from the Golden State."
We'll see. November will be a contest of ideologies and the private sector against the public for economic growth.
Where’s Next: November May Determine Regional Winners | Newgeography.com

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