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Finehoe's Predictions


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2016 Dec 21, 8:20am   2,244 views  7 comments

by finehoe   ➕follow (0)   💰tip   ignore  

The experience of Kansas over the last several years is what the country as a whole has to look forward to now that Republicans control all branches of the Federal government:

The “Indicators of the Kansas economy” — from November 2015 and February 2016 — showed a state that’s in the dumps.

That’s especially true when compared to a six-state region selected by Brownback’s team (Arkansas, Colorado, Iowa, Missouri, Nebraska and Oklahoma) and to the United States as a whole.

Sadly for Kansans, this is part of a long-term trend created by Brownback’s ruinous policies, most notably his costly income tax cuts from 2012. The quarterly reports have been downbeat ever since.

Here are some findings from the February one, with the note that the November 2015 report included many of the same findings because the economy simply did not change much if any for the better in that three-month period.

▪ In perhaps the most important metric measuring Kansas’ economic growth, the state’s gross state product actually went down 1.1 percent in 2015 vs. 2014.

The six-state region came in at a positive 0.1 percent, while the whole country’s rate was up 2 percent.

It was the fourth straight year of Brownback’s time in office that the gross state product’s growth rate was below that of the region and of the nation.

â–ª Personal income estimates showed a one-year growth rate of 2.4 percent in Kansas. That was below the 2.7 percent for the region and 3.9 percent for the United States.

The five-year change, essentially measuring Brownback’s time in office starting in 2010, showed Kansas with lower personal income estimates than the region and country.

▪ In a rare bright spot, per capital personal income estimates for Kansas were up 2.2 percent over the last year, just above the 1.8 percent rate for the region — but still below the national rate of 3.2 percent.

And Kansas’ five-year change in per capital personal income estimates was below that of the region and the country.

▪ Kansas’ sales tax collections were up markedly, but that’s misleading because — as the report noted — “two sales tax rate increases have been enacted” in recent years.

â–ª The February 2016 report showed average total nonfarm employment in Kansas was up 0.8 percent in 2015, below the 1.5 percent for the region and 2.1 percent for the United States.

It was the sixth straight year that Kansas had trailed the region and nation in this all-important category.

▪ Yes, the state’s average annual unemployment rate has been lower than that of the region and nation for all of Brownback’s time in office.

However, the difference has narrowed quite a bit, as hiring in the last three years has picked up in the six-state region and around America.

â–ª Finally, private industry wage levels in Kansas for 2015 were up 1.5 percent over the past year, which was better than the 0.9 percent in the region but worse than the 2.1 percent for the United States.

And Kansas’ five-year change in private industry wages trailed both the region and the country.

Read more here: http://www.kansascity.com/opinion/opn-columns-blogs/yael-t-abouhalkah/article105335286.html#storylink=cpy

Comments 1 - 7 of 7        Search these comments

1   RC2006   2016 Dec 21, 8:23am  

Comparing Kansas to the rest of the country is like like comparing apples to mushrooms.

2   finehoe   2016 Dec 21, 9:07am  

rpanic01 says

Comparing Kansas to the rest of the country is like like comparing apples to mushrooms.

Why is that?

3   finehoe   2016 Dec 21, 9:24am  

Ironman says

Feel better now?

The state has done worse than it's peers and the country as a whole, due to extremist GOP lawmakers who rubber-stamp Brownback’s destructive financial decisions. Why would anyone feel good about that?

4   RC2006   2016 Dec 21, 9:30am  

finehoe says

Ironman says

Feel better now?

The state has done worse than it's peers and the country as a whole, due to extremist GOP lawmakers who rubber-stamp Brownback’s destructive financial decisions. Why would anyone feel good about that?

The same can happen with either extreme. Thats the problem with the US its being taken over by alternating extremes

5   MMR   2017 Jan 13, 6:17am  

anonymous says

the state has not been able to maintain funding for priorities like education, health and public safety.

Sad, given fact that I am not sure if there is any time where Oklahoma was a leader in any of the above.

6   MisdemeanorRebel   2017 Jan 13, 9:03am  

Or Arkansas....

7   HEY YOU   2017 Jan 13, 9:17am  

How much does Red States' Federal Tax Dollar teat sucking add to their
gross state product & personal income?

It's OK when Republican pretzel logic economics hurts their ignorant,know nothing voters.

They gonna learn over the next four years.
I will be swearing in during the inauguration.
Swearing about how brain dead Republican voters are

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