Catholic Info
Traditional Catholic Faith => The Greater Depression - Chapter I => Topic started by: RomanCatholic1953 on June 25, 2020, 07:15:10 PM
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The Blue State Jobs Depression
(https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/thumbnail/public/pictures/picture-5.jpg?itok=LY4e264-) (https://www.zerohedge.com/users/tyler-durden)
by Tyler Durden (https://www.zerohedge.com/users/tyler-durden)
Thu, 06/25/2020 - 19:10
Authored by Stephen Moore via RealClearPolitics.com, (https://www.realclearpolitics.com/articles/2020/06/24/the_blue_state_jobs_depression_143522.html)
The latest Department of Labor employment data confirm that when it comes to the economy, America is two nations: red and blue. As the post-coronavirus shutdown era begins, blue states are losing jobs at record paces and red states are starting to gain them.
(https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/inline-images/513799_6_.jpg) (https://www.zerohedge.com/s3/files/inline-images/513799_6_.jpg?itok=hGvrRzgQ)
Here is what the data is telling us: 10 states had unemployment rates in May above 15%. They are all states with Democratic governors, with the exception of deep-blue Massachusetts with its liberal Republican governor, Charlie Baker.
Ranked from highest to lowest they are Nevada (25.3%), Hawaii (22.6%), Michigan (21.2%), California (16.3%), Rhode Island (16.3%), Massachusetts (16.3%), Delaware (15.8%), Illinois (15.2%), New Jersey (15.2%), Washington (15.1%).
The five states with the lowest unemployment rates are all red states – most of which never shut down at all. These are Nebraska (5.2%), Utah (8.5 %), Wyoming (8.8%), Arizona (8.9%), and Idaho (8.9%).
This is exactly as Arthur Laffer and I predicted in a study we conducted back in March on the economic effects of lockdowns. States with very strict business shutdown and stay-at-home orders would be facing a much tougher recovery period than states that never shut down, like Utah and Wyoming, and states that rapidly reopened, such as Arizona. This would be a bifurcated red state, blue state recovery – and so it is, so far.
(https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/inline-images/513800_5_.png) (https://www.zerohedge.com/s3/files/inline-images/513800_5_.png?itok=GO7ohvu5)
This is not a coronavirus recession. It is a blue state lockdown recession. Democrats say they have shut down their economies to maintain the safety of their citizens. But that is a stretch. Studies are now finding that the negative health effects from the lockdown (ѕυιcιdє, delayed treatments for cancer and heart problems, depression, spousal abuse, alcohol and drug overdoses, to name a few) could easily match the saving of lives from lockdowns.
But there is a much bigger problem with this argument. It is factually untrue that blue states did a better job than red states in keeping their citizens safe. They didn’t. The 10 states with the highest death rates from coronavirus (as a percentage of the state population) are all states with Democratic governors. A blue state resident was twice as likely to die from the virus as a red state resident even though the red states were not heavy-handed in locking down their economies. (Population density likely factored in as well.)