Wednesday, December 14, 2011

More Proof Walker's Tools aren't living up to "It's Working"

In case you're not familiar with this index, here's an explanation:
A coincident index is a single summary statistic that tracks the current state of the economy. The index is computed from a number of data series that move systematically with overall economic conditions. A rise in the index indicates an expansion of economic activity and a decline in the index indicates a contraction in economic activity. Each of the regional indexes is computed using data on employment, real earnings, the unemployment rate and average weekly hours worked in manufacturing. 

Rep. Sondy Pope-Roberts (D-Middleton): “It is appalling that in the first three months of the Walker budget, we have gone from a state with an above average economic outlook, to the state with the lowest condition report in the nation,” Rep. Pope-Roberts stated.  “While we have been being bombarded with a constant stream of ‘it’s working’, the truth of the matter is that it’s causing tangible harm. This particular data is our current Governor’s to own and reinforces that we are headed the wrong direction. 

No comments:

Post a Comment