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Thread: Democratc Illinois Outpaces Wisconsin

  1. #1
    Havakasha is offline

    Democratc Illinois Outpaces Wisconsin

    te jobs (Darren Hauck/Reuters)
    As I've noted before, Republicans had a great deal of fun back in early 2011 taunting Illinois for (surprisingly) electing a Democratic governor, Pat Quinn. The theory was that Quinn's tax increases, designed to close a huge budget gap, would lead to a business exodus to Gov. Scott Walker's Wisconsin conservative utopia.

    "Years ago Wisconsin had a tourism advertising campaign targeted to Illinois with the motto, `Escape to Wisconsin,'" Wisconsin Gov. Scott Walker said in a statement. "Today we renew that call to Illinois businesses, `Escape to Wisconsin.' You are welcome here."
    At CPAC this year, Walker continued that theme:
    "Last year, Governor Quinn proudly proclaimed that they were not going to do things like Wisconsin. Clearly, they did not. Their actions only made matters worse.
    They raised taxes by 67% on individuals and 46% on businesses. That might explain why they dropped 40 spots during the past five years on the same poll that showed Wisconsin up 17 spots in one year alone."

    In reality, turns out that Wisconsin was the only state in the entire country to lose jobs in 2011, while Illinois had better than average growth. The Federal Reserve Bank of Philadelphia also predicted strong economic growth in Illinois, while placing Wisconsin last in its forecast:
    Last edited by Havakasha; 04-21-2012 at 02:35 AM.

  2. #2
    Havakasha is offline
    Now, an economic analysis by Bloomberg finds that Wisconsin is getting its ass kicked by Illinois.
    Illinois ranked third while Wisconsin placed 42nd in the most recent Bloomberg Economic Evaluation of States index, which includes personal income, tax revenue and employment. Illinois gained 32,000 jobs in the 12 months ending in February, the U.S. Bureau of Labor Statistics found. Wisconsin, where Walker promised to create 250,000 jobs with the help of business-tax breaks, lost 16,900.
    It's conservative mantra that tax increases kill jobs, but reality, as always, contradicts their ideology.
    Quinn is certainly having fun at Walker's expense:

    Quinn was ready for the cross-border critique from Wisconsin, whose state’s employment fell more than any other. Quinn scheduled a news conference less than hour after Walker spoke to announce that LaFarge SA (LG), the Paris-based building materials maker, would move its North American headquarters to Illinois.
    “They have the worst job record in the whole country, dead last,” Quinn, 63, said of Wisconsin. “We certainly don’t want to follow his prescriptions when it comes to economic growth.”

    Walker was elected on a promise to create 250,000 new jobs in his state. Turns out that slashing spending, attacking unions and eliminating workplace pay protections for women ain't doing the trick.
    That's why there's a recall.

  3. #3
    Havakasha is offline
    http://www.bloomberg.com/news/2012-0...n-on-jobs.html

    Scott Walker, the Republican governor facing a recall vote in Wisconsin, traveled over the Illinois line to argue that the tax increase backed by his Democratic counterpart Pat Quinn is killing jobs even as the Midwest rebounds from recession.
    “Is it any wonder because of choices that were made right here in the state’s capital?” Walker, 44, said in an April 17 speech in Springfield. “When you raise taxes on businesses, that wealth and opportunity and those jobs more often than not go somewhere else.”
    Enlarge image
    Wisconsin Gov. Scott Walker after speaking to the Illinois Chamber of Commerceon April 17, 2012 in Springfield. Photographer: Seth Perlman/AP Photo
    Enlarge image
    “They have the worst job record in the whole country, dead last,” Governor Pat Quinn, said of Wisconsin. “We certainly don’t want to follow his prescriptions when it comes to economic growth.” Photo: Daniel Acker/Bloomberg
    A broader snapshot tells a different tale. Illinois ranked third while Wisconsin placed 42nd in the most recent Bloomberg Economic Evaluation of States index, which includes personal income, tax revenue and employment. Illinois gained 32,000 jobs in the 12 months ending in February, the U.S. Bureau of Labor Statistics found. Wisconsin, where Walker promised to create 250,000 jobs with the help of business-tax breaks, lost 16,900.
    For Republicans, Illinois is the Nancy Pelosi of U.S. states -- like the former House speaker, a favorite target of ridicule when arguing Democrats stifle growth. The state has $8 billion in unpaid bills and $80 billion in unfunded pension liabilities.
    Quinn was ready for the cross-border critique from Wisconsin, whose state’s employment fell more than any other. Quinn scheduled a news conference less than hour after Walker spoke to announce that LaFarge SA (LG), the Paris-based building materials maker, would move its North American headquarters to Illinois.
    ‘Worst Job Record’
    “They have the worst job record in the whole country, dead last,” Quinn, 63, said of Wisconsin. “We certainly don’t want to follow his prescriptions when it comes to economic growth.”
    Illinois, the home state of President Barack Obama, became a Republican talking point in January 2011 after the Democratic- controlled General Assembly approved and Quinn signed a 67 percent increase in the personal-income tax and a 46 percent boost in the corporate levy to help close a projected $13 billion budget deficit.


    Keep reading by clicking on link

  4. #4
    Havakasha is offline
    I figured that those here who have been making fun of the economy of Illinois and bragging about property taxes reduction and job growth potential in Wisconsin would have some explaining to do.

  5. #5
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    I figured that those here who have been making fun of the economy of Illinois and bragging about property taxes reduction and job growth potential in Wisconsin would have some explaining to do.
    Did it ever occur to you that IL has an established population of well over DOUBLE that of Wisconsin? And that IL is the #5 state in terms of GDP vs WI at #20? It would only be natural for IL outpace WI.

    http://en.wikipedia.org/wiki/List_of...GDP_per_capita

    So convenient for you to leave out the obvious......................

    Do you want to talk about IL debt and their poorly funded pension? http://news.yahoo.com/illinois-gover...192845480.html

    States can't print money.

  6. #6
    Havakasha is offline
    I was wondering why Wisconsin has just about the worst job record in the entire country and why right wingers from Wisconisn would take such cheap shots at Illinois when they have so many troubles of their own?

    Not sure Governor Walker is going to turn out so good for Wisconsin.

  7. #7
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    I was wondering why Wisconsin has just about the worst job record in the entire country and why right wingers from Wisconisn would take such cheap shots at Illinois when they have so many troubles of their own?

    Not sure Governor Walker is going to turn out so good for Wisconsin.
    He lowered property taxes for just about everyone (collectively) in Wisconsin. I'd love that to happen here. I'm sure you'd love for that to happen in NY too. Right?

  8. #8
    Havakasha is offline
    In reality, turns out that Wisconsin was the only state in the entire country to lose jobs in 2011, while Illinois had better than average growth. The Federal Reserve Bank of Philadelphia also predicted strong economic growth in Illinois, while placing Wisconsin last in its forecast:

  9. #9
    SiriuslyLong is offline
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    Quote Originally Posted by SiriuslyLong View Post
    He lowered property taxes for just about everyone (collectively) in Wisconsin. I'd love that to happen here. I'm sure you'd love for that to happen in NY too. Right?
    So you wouldn't enjoy lower property taxes?

  10. #10
    Havakasha is offline
    Facts are to be avoided at all costs. lol.



    "In reality, turns out that Wisconsin was the only state in the entire country to lose jobs in 2011, while Illinois had better than average growth. The Federal Reserve Bank of Philadelphia also predicted strong economic growth in Illinois, while placing Wisconsin last in its forecast:"

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