Sunday, February 12, 2012

Walker continues to stand on head: "We are heading in the right direction."

The graphs only look right standing on your head.  The gov must be doing something like that -- or, maybe he hasn't been in the state enough lately to keep up?

Econbrowser: Wisconsin Governor Walker: "We are heading in the right direction."

That statement is from Wisconsin Governor Scott Walker's State of the State address. Here are some additional remarks:
Tonight I'm happy to report that after three years of losing 150,000 jobs Wisconsin actually added thousands of new jobs in 2011. New business formations are up by over 2 percent. And our unemployment rate is down from a year ago.
In fact, Wisconsin’s unemployment rate is not only lower than the national average but much better than our neighbors to the south in Illinois.
Figure 1 provides a comparison of Wisconsin's performance, in terms of economic activity, using data released on Thursday by the Philadelphia Fed.

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