Saturday, May 14, 2011

Well duh... More Economic Quackery from the GOP

From a working paper out of the Economics Department at Tulane University entitled Do State Fiscal Policies A ffect State Economic Growth? by James Alm and Janet Rogers comes this, somewhat obvious conclusion.
[T]here is strong evidence that a state’s political orientation, as indicated by whether the governor is Republican or Democrat, whether the state has enacted tax and expenditure limitation legislation, and whether the state frequently elects a governor of the same party as the incumbent, have consistent, measurable, and significant effects on economic growth. Perhaps surprisingly, having a Republican governor is associated with lower rates of growth.
Looking at the distribution of failure on a map, it forms an obvious pattern, one we've seen before:
Vaguely reminiscent of the map of so-called "Right to Work" states (in blue).

Some of us living in Republican states don't find this paper's conclusion surprising at all.  Hell, you don't need a Ph.D. in economics to tell you that Republican economic policies are "quakery."

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