Talk about contrasts! By now everyone knows Texas is leading the nation in job creation but which state is leading in job losses. Well, that would Mr. Obama's home state, Illinois. Competition in the race to the bottom is pretty keen and various indices of failure ie the unemployment rate, the number of people employed, first time unemployment claims etc. have a way of clouding serious analysis. Just in the number of jobs lost as opposed to"created or saved" Illinois beats out California since it, unlike neighboring Wisconsin, Indiana, and Ohio capitulated to the public sector unions and raised taxes. The chart below from the Heritage Foundation makes that point both dramatically and literally graphically. So how's that tax and spend working out for you, Governor Quinn?
A good first cousin to the above graph illustrating Obama's Hunnsian economics (as in Attila the Hun) has been posted before on this blog but look at it again just for auld lang syne. It shows the downturn in the recovery that occurred with the passage of Obamacare. Going into the presidential campaign team Obama will have a hard time proving its case that the current mess was inherited when graphic evidence such as this argues it was created on his watch.
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Kamya sharma
Tax consultant in india