Skip to comments.State faces 'disappointingly slow' recovery
Posted on 04/08/2011 7:19:48 AM PDT by massmike
Massachusetts faces a "disappointingly slow" economic recovery, a prediction that economists from several local universities and the Federal Reserve Bank of Boston called the "best-case scenario."
These economists, who constitute the editorial board of MassBenchmarks, a University of Massachusetts journal, made the bleak assessment during a recent meeting in advance of the publication of a quarterly economic snapshot off the state. The snapshot, which estimates the growth rate of the Massachusetts economy, is scheduled for release at the end of this month.
The board also said earlier views that Massachusetts' economy was rebounding from the recent recession faster than the nation were incorrect. The board said annually revised US Labor Department data showed that the state's economic downturn was less severe than first thought, but the state's recovery has been less vigorous than previously thought.
(Excerpt) Read more at articles.boston.com ...
Of course, high taxes and a government hostile to business has nothing to do with it...
The state is losing population. Major corporations are shifting their jobs out of MA, either to other states, or to foreign countries. Taxes and regulations are high. And the primary goal of the MA state government seems to be the pushing of the homosexual agenda.
...And we know how well THEY reproduce!
MA’s impending loss of a congressional seat fills me with glee! If only it’s my loathsome rep!
I’m much more generous than you are. I don’t know what district you live in, but I want the loss to be MY ‘rep’.
If fact I propose a new bumper sticker, “MY rep is dumber than YOUR rep”. I think a fortune could be made, but the printing company would be driven from Massachusetts by onerous anti-business laws.
The truly SAD aspect here is those in the state government are either unaware of the reasons the state is retreating economically, or, even more likely, they do NOT care.
One will note that it is not the parasites of government or academia who are leaving the state, it is those who must exist and struggle in the REAL WORLD.