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Politics : Politics for Pros- moderated
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From: Brumar898/27/2011 8:53:11 AM
3 Recommendations   of 793798
 
Do tax rates & Obamacare really affect employment? Consider: Dumbass: the Story of the Illinois Democrat Party


I think it was Einstein who said that the definition of insanity was doing the same thing over and over again while expecting different results.

That, my beloved readers, would be an apt description for Democrats in Illinois.

In Illinois, employment numbers increased steadily until January 2011, at which point they took a sharp dip downward—the same time that state’s governor announced plans to increase the personal income tax rate by 67 percent and the corporate rates by 46 percent. And things keep getting worse.

...On top of that, BusinessInsider reports that “Moody’s Investors Service continues to rate Illinois at the lowest level among states (A1 with a negative outlook), and said issuing long-term debt to pay bills ‘would significantly increase the state’s bonded debt burden.’”

...Illinois’ sharp turn for the worse calls to mind another set of data. Nationally, the economy went from losing 841,000 jobs in January 2009—the recession’s low point—to gaining 229,000 jobs in April 2010. But within two months—after Obamacare passed—that all changed, and the economy ground to a halt...
The only question I have regarding Democrats' behavior is this: are they even capable of learning from facts, logic, history and reason?

directorblue.blogspot.com
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