Economy Surges in America’s Low Tax, Energy Rich, Pro-Business Red State Growth Corridors … Obamanomics Disproved Yet Again
OBAMANOMICS: EPIC FAILURE …
It is no coincidence that “RED” states with energy rich, low taxes and less oppressive government regulation are showing an economic growth in the United States as liberal “blue” states like California and Massachusetts are not. The trends show that the U.S. economic future is dominated by four growth corridors that are generally less dense, more affordable, and markedly more conservative and pro-business: the Great Plains, the Intermountain West, the Third Coast, spanning the Gulf states from Texas to Florida, and the Southeastern industrial belt. When businesses move to these areas for economic reasons, the people will follow. Imagine that, what a novel concept. Areas that are low in taxes, pro-business, energy rich states that are not afraid to unleash capitalism are a success. What do most all of the states have in common, they are “Red” states.
In the wake of the 2012 presidential election, some political commentators have written political obituaries of the “red” or conservative-leaning states, envisioning a brave new world dominated by fashionably blue bastions in the Northeast or California. But political fortunes are notoriously fickle, while economic trends tend to be more enduring.
These trends point to a U.S. economic future dominated by four growth corridors that are generally less dense, more affordable, and markedly more conservative and pro-business: the Great Plains, the Intermountain West, the Third Coast (spanning the Gulf states from Texas to Florida), and the Southeastern industrial belt.
Overall, these corridors account for 45% of the nation’s land mass and 30% of its population. Between 2001 and 2011, job growth in the Great Plains, the Intermountain West and the Third Coast was between 7% and 8%—nearly 10 times the job growth rate for the rest of the country. Only the Southeastern industrial belt tracked close to the national average.
More interesting data pointed out by Instapundit showing the migration of the population away from the high tax states. Their fear though is that will the migration of blue state liberals ruin the places to where they are going to as they have devastated the Northeast and states like California and Illinois. My personal opinion is no. The moochers and leeches will stay put looking for a government hands and entitlements. Those who are tired of the high taxes and liberal oppression are the ones who are looking for greener pastures. Or should I say “red” state pastures.
Since 2000, the Intermountain West’s population has grown by 20%, the Third Coast’s by 14%, the long-depopulating Great Plains by over 14%, and the Southeast by 13%. Population in the rest of the U.S. has grown barely 7%. Last year, the largest net recipients of domestic migrants were Texas and Florida, which between them gained 150,000. The biggest losers? New York, New Jersey, Illinois and California.