Wednesday, February 6, 2013

Walker Authority has the balls to say, "The Democrats have zero credibility when it comes to job creation."

How in the hell can Gov. Walker make such an incredibly inaccurate claim like this...
“The Democrats have zero credibility when it comes to job creation, and their ‘new’ ideas are the same as their old ideas,” said Tom Evenson, a spokesman for Senate Majority Leader Scott Fitzgerald, R-Juneau, in dismissing them last week.-Cap Times, Mike Ivey
 ...who has zero credibility????????
Some observers point to Gov. Scott Walker and the Republican-controlled Legislature. They say the drastic spending cuts in the 2011-2013 state budget, just as the economy was beginning to recover from the recession, have actually made things worse.

“Wisconsin did absolutely the wrong thing at the wrong time,” says Kenneth Thomas, a political scientist at the University of Missouri-St. Louis and author of the popular Middle Class Political Economist blog. “You want to practice austerity when things are going well, not the other way around.”
When you take so much money out of the public sector work force, you pretty much kill discretionary spending by consumers.
For some 230,000 workers across Wisconsin it amounted to an average 12 percent cut in their take-home pay — money not being spent today on new clothes, fixing up the house or a trip to the North Woods.
And surprise, we were warned by a "liberal" UW economist who as we all know, can't be trusted:
Steven Deller, an economist with the University of Wisconsin Extension, had warned in 2011 that the cuts in the Walker budget would have a major negative impact on the state economy, reducing consumer spending by nearly $2 billion at a time when the private sector was just starting to regain its footing. “My fear is that the Republicans put their plan into place, it’s not working, and now they don’t know what to do,” Deller said in an interview last week.
I think this puts the Walker Authorities management decisions in perspective:
But University of Missouri economist Thomas is skeptical of government subsidies to private business in general. He notes that for the $600 million Wisconsin handed out to private business in 2011, it could have hired more than 9,500 state workers, each at an average salary and benefit package of $63,000. “What Wisconsin needs to do is invest more in education and infrastructure and less in subsidies to business,” he says. “That is the path to long-term growth.” 

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