Liberal, Democrat governor; liberal, Democrat legislature; tax hikes…and what do you get? From the Illinois Policy Institute:
In a trend that continues to worsen, more Illinoisans found themselves unemployed in the month of July.
Illinois lost more jobs during the month of July than any other state in the nation, according to the most recent Bureau of Labor Statistics report. After losing 7,200 jobs in June, Illinois lost an additional 24,900 non-farm payroll jobs in July. The report also said Illinois’s unemployment rate climbed to 9.5 percent. This marks the third consecutive month of increases in the unemployment rate.
Illinois started to create jobs as the national economy began to recover. But just when Illinois’s economy seemed to be turning around, lawmakers passed record tax increases in January of this year. Since then, Illinois’s employment numbers have done nothing but decline…
This is entirely unsurprising – in fact, it was predicted in many quarters. Why on earth should business expand or even remain in Illinois if they are to be taxed higher than elsewhere? Do you liberals out there really think that higher taxes are just so much water off the business duck’s back? I mean, seriously – tell us: did you really expect that things would get better after a tax hike?
Over in Wisconsin the conservative, Republican governor and legislature took the opposite course – and it is paying off in jobs growth. Anyone want to bet that some of those new, Wisconsin jobs are old, Illinois jobs? Not like its all that far to move. This isn’t rocket science – make something more expensive and there will be less of it being used…Illinois made having employees more expensive, so less employees are being used.
As I’ve said before, the dichotomy between the States being governed by liberalism and those by conservatism will be immensely instructive for a generation of Americans. In practical application, the people are seeing the results. Those States with the most liberalism are doing worse than those States with the most conservatism…and as time goes on, this will merely become more pronounced…and when the next election rolls around, I think we’ll see some startling results in the liberal States.
HAT TIP: Mish’s