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Great Recession took deep toll across U.S. states
Reuters ^ | June 21, 2012 | Susan Heavey

Posted on 06/21/2012 9:41:49 PM PDT by 2ndDivisionVet

The nation's recent recession had a "broad and deep" impact across the United States, but certain states such as Florida and California were particularly hard-hit, according to a report released on Thursday.

The study, led by Yale University political science professor Jacob Hacker, found that while the U.S. Northeast was largely spared from the economic fallout in the years after the Great Recession, the U.S. South and West were hit harder.

Researchers said their study is the first state-by-state look at the how the downturn affected economic security and household incomes. It was paid for by the Rockefeller Foundation, a global nonprofit organization focused on relieving economic inequality.

States in the Midwest, a large industrial hub, saw a slower economic erosion from 2008 to 2010, the findings showed. The recession officially ran from late 2007 to mid-2009.

"No part of the nation was spared. Nonetheless, some states were hit particularly hard," the report said.

Hacker's team ranked the recession's impact on states by developing a measurement tool based on government economic data, called the Economic Security Index.

The index represents the percentage of the population who experienced a substantial financial loss from one year to the next. Specifically, it shows the share of Americans who experienced a financial loss of 25 percent or greater due to either a decline in income, an increase in medical spending or both.

States with the worst economic losses from 2008 to 2010 were Florida, Georgia, Alabama, Mississippi, Arkansas and California. Among the states with the least impact were Vermont, Connecticut, New Hampshire, Rhode Island, Massachusetts and Maine....

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: economy; obama; obamarecession; recession; unemployment
How is it that Mr. Obama is leading in the polls? Is the public illiterate?
1 posted on 06/21/2012 9:41:56 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

In a word, yes.


2 posted on 06/21/2012 9:50:07 PM PDT by TheWriterTX (Riding the Long-Wave Economic Contraction, Baby!)
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To: 2ndDivisionVet

Bush, racism and capitalism are preventing Obammy from saving us./s


3 posted on 06/21/2012 9:59:02 PM PDT by Dallas59 (President Robert Gibbs 2009-2011)
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To: TheWriterTX

Brain dead is more like it. Other adjectives come to mind. Stupid. Corrupt. Lazy. Greedy. Dishonest. Apathetic. At best ignorant. Confused.

I don’t have much faith in most of them.


4 posted on 06/21/2012 10:01:50 PM PDT by Sequoyah101 (You've been screwed by your government.)
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To: 2ndDivisionVet

Where is he leading in the polls? He losing in Rasmussen and gallup. Below 45%, which is the kiss of death for an incumbent. He’s losing most of the traditionally red states, and even in some traditionally blue states.


5 posted on 06/21/2012 10:07:06 PM PDT by ilgipper ( November cannot come soon enough)
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To: 2ndDivisionVet

“It was paid for by the Rockefeller Foundation, a global nonprofit organization focused on relieving economic inequality.”

Ha! Rockefeller (David for sure, probably Nelson as well) was a big new world order, one world government globalist.

“Relieving economic inequality” indeed. /s


6 posted on 06/21/2012 10:09:08 PM PDT by llandres (Forget the "New America" - restore the original one!!!)
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To: 2ndDivisionVet

“....found that while the U.S. Northeast was largely spared from the economic fallout in the years ***after*** the Great Recession, the....”

after? After? AFTER?


7 posted on 06/21/2012 10:52:30 PM PDT by Hostage (Be Breitbart!)
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To: ilgipper

Bloomberg Poll: Obama 53 - Romney 40
http://www.freerepublic.com/focus/f-gop/2897499/posts

Not Your Father’s Poll (Women seeking sugar daddy’s prefer Obama)
http://www.freerepublic.com/focus/f-news/2897583/posts

Obama immigration shift a hit with voters, says new poll
http://www.freerepublic.com/focus/f-news/2896948/posts


8 posted on 06/21/2012 11:02:30 PM PDT by 2ndDivisionVet (Ich habe keinen Konig aber Gott)
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To: 2ndDivisionVet

We’re out of the recession with over 8% unemployment, more by better measures?

We’re out of the recession with personal net worth down 40%, congretional committees grilling bogus solar panel scams, producing few permanent jobs, at tremendous cost?

We’re out of the recession with annual federal budget deficits of over $1 trillion into the nearly infinite future?

We’re out of the recession with “too big to fail” federalized banks’ creditworthiness downgraded?


9 posted on 06/21/2012 11:06:02 PM PDT by truth_seeker
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To: 2ndDivisionVet
The nation's recent recession had...

"recent recession had"

The scumbag Democrat newsrooms crack me up! Whatever they can do to help their scumbag Kenyan communist get re-elected.
Gee, I'm sure glad the recession is over.

10 posted on 06/21/2012 11:08:57 PM PDT by Lancey Howard
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To: 2ndDivisionVet
How is it that Mr. Obama is leading in the polls? Is the public illiterate?

As dear old Dad always said, "Once the parasites outnumber the hosts, it's all over."
Congratulations to the scumbag Democrats.

11 posted on 06/21/2012 11:11:20 PM PDT by Lancey Howard
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To: 2ndDivisionVet

We’re out of the recession with over 8% unemployment, more by better measures?

We’re out of the recession with personal net worth down 40%, congretional committees grilling bogus solar panel scams, producing few permanent jobs, at tremendous cost?

We’re out of the recession with annual federal budget deficits of over $1 trillion into the nearly infinite future?

We’re out of the recession with “too big to fail” federalized banks’ creditworthiness downgraded?


12 posted on 06/21/2012 11:16:22 PM PDT by truth_seeker
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To: 2ndDivisionVet

We’re out of the recession with over 8% unemployment, more by better measures?

We’re out of the recession with personal net worth down 40%, congretional committees grilling bogus solar panel scams, producing few permanent jobs, at tremendous cost?

We’re out of the recession with annual federal budget deficits of over $1 trillion into the nearly infinite future?

We’re out of the recession with “too big to fail” federalized banks’ creditworthiness downgraded?


13 posted on 06/21/2012 11:29:53 PM PDT by truth_seeker
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To: 2ndDivisionVet

Showing that, yet again, Ivy League graduates and professors are masters of the obvious.

They should be so terribly proud of themselves.


14 posted on 06/21/2012 11:34:36 PM PDT by NVDave
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To: 2ndDivisionVet
"How is it that Mr. Obama is leading in the polls? Is the public illiterate?"

Some members of the authorized, licensed, political public are paid directly with government debt/revenues. Other members of the same group are paid indirectly with government debt/revenues (e.g., services with revenues from government debt/revenues from customers).

One political party serves many of those more supported by federal government. The other party serves many of those more supported by local governments.

Individuals and families not belonging to the aforementioned interest groups are not welcome in politics and aren't buying or cheering. Have fun. Enjoy the slide.


15 posted on 06/21/2012 11:45:29 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: 2ndDivisionVet
What recession?


16 posted on 06/22/2012 12:06:27 AM PDT by Daffynition (Our forefathers would be shooting by now.)
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To: Daffynition


17 posted on 06/22/2012 12:20:17 AM PDT by 2ndDivisionVet (Ich habe keinen Konig aber Gott)
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To: Lancey Howard

I loved the spin on Walker’s victory in Wisconsin; people there just felt that “the recall shouldn’t be used in that manner”.

Dems have lost every significant election since the election of 2008 (including those in NJ and MA in 2009 - Dem states, and 1 year after Obama carried them), so you can ignore the polls. I don’t see how ANY Republican loses to this dope.


18 posted on 06/22/2012 2:48:42 AM PDT by kearnyirish2
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To: familyop

Bush’s tax cuts, coupled with Governor Christie’s property tax cap (which costs thousands of cops, teachers, etc. their jobs in NJ over the past 2 years) indicate to me that the Republicans better represent the interests of the taxpayers (while the Dems obviously represent the interests of the tax consumers).

When Bush gave out his tax rebate, he made it clear he was returning the money to the people who earned it (it wasn’t some gift from the government); on the other hand, Obama is campaigning to restore teachers and other parasites that serve as funding for their political arm (AKA the Democratic Party) by stealing from the taxpayers.

The national Democratic Party, boiled down to its simplest terms, is nothing more than the political arm of the teachers’ unions.


19 posted on 06/22/2012 2:55:32 AM PDT by kearnyirish2
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To: 2ndDivisionVet

bump


20 posted on 06/22/2012 3:00:14 AM PDT by WashingtonSource
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To: Hostage

“....found that while the U.S. Northeast was largely spared from the economic fallout in the years ***after*** the Great Recession, the....”

Besides the ridiculous “after” as though it is a past event, the fact is that I assure you that NY and NJ (”northeast” as far as I’m concerned) are faring very poorly in this Depression. Many of the jobs we lost either went to southern states or to southern Asia; they will not return if there is a recovery. The infrastructure is crumbling further because there is no money to fix anything; potholes go unfilled, stop signs are obscured by foliage (public works employees had weaker bargaining power than teachers and cops, so they went first), companies continue to leave...

One silver lining to this is that it puts ALL of these states in play; Obama is going to have to campaign in states that should have been a shoe-in.


21 posted on 06/22/2012 3:04:00 AM PDT by kearnyirish2
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To: Lancey Howard

btt


22 posted on 06/22/2012 3:11:01 AM PDT by KSCITYBOY
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To: 2ndDivisionVet

As if the statement “after the Recession” isn’t suspect enough, he goes on to state that “States in the NE were largely spared...Florida hard hit.”

Really? I guess that $75,000 my house in SE Pa. lost in value didn’t show up...


23 posted on 06/22/2012 4:01:17 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: truth_seeker

We’re out of the recession


Obama waves his hand and it is done.


24 posted on 06/22/2012 4:26:40 AM PDT by Leep (Enemy of the StatistI)
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To: 2ndDivisionVet

TEE HEE!

25 posted on 06/22/2012 4:41:40 AM PDT by Caipirabob (I say we take off and Newt the site from orbit. It's the only way to be sure...)
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To: kearnyirish2

You are absolutely right. Tens of thousands of regular every day (non fat cat) workers lost their jobs in the banking and Wall Street industry. Jobs that aren’t coming back ever. Home values in NJ have plummeted. Obama’s agenda is to deliberately destroy the net worth of hard working American families. I despise the evil SOB


26 posted on 06/22/2012 4:44:08 AM PDT by jersey117
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To: Caipirabob

What a POS he is. What goes around eventually comes around. I haven’t given up on divine intervention.


27 posted on 06/22/2012 4:48:22 AM PDT by jersey117
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To: familyop

“Some members of the authorized, licensed, political public are paid directly with government debt/revenues.”

Got to agree with you 100%. All the liberal scum aren’t just relying on foodstamps and section 8 payouts from sugar daddy government. I briefly worked with one leftist scumball who ran an engineering firm. He was the No. 1 cheerleader for more regulations from the fascist EPA.

He positioned his firm as the primary interpreter of EPA regulations. For a hefty price, he would explain to businesses how they could comply to regulations without getting into trouble with the fascists at EPA. He supported all manner of private property confiscation by EPA and the ESA.


28 posted on 06/22/2012 5:37:14 AM PDT by sergeantdave (Public unions exist to protect the unions from the taxpaying public)
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To: ilgipper

The 43% number is not versus Romney, but an approval number, which is completely different.


29 posted on 06/22/2012 6:35:59 AM PDT by PghBaldy (I eagerly await the next news about the struggles of Elizabeth Sacheen Littlefeather Warren.)
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To: ilgipper
Forgive my last post... I was confused. I got two polls mixed up, which both have Obama at 43%. I didn't realize he was at 43% vs Romney, but he is ( http://www.realclearpolitics.com/epolls/2012/president/us/general_election_romney_vs_obama-1171.html )

Rasmussen Tracking 6/18 - 6/20 1500 LV 3.0 43 47 Romney +4.

30 posted on 06/22/2012 6:43:32 AM PDT by PghBaldy (I eagerly await the next news about the struggles of Elizabeth Sacheen Littlefeather Warren.)
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To: truth_seeker

Great recession?

More like depression 2.0

Media will never use that word until the day Romney takes office.


31 posted on 06/22/2012 7:48:15 AM PDT by Texas resident (November 6 - Vote Against obama)
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Comment #32 Removed by Moderator

Comment #33 Removed by Moderator

To: jersey117

Divine intervention will come, just don’t know when.


34 posted on 06/22/2012 2:07:05 PM PDT by Buddygirl (Just about all Democrats are (blank). You fill in the blank!)
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To: Buddygirl
Divine intervention will come, just don’t know when.

After aborting 50,000,000 Americans, I tend to think Obama is Divine intervention along the lines of punishment.

35 posted on 06/24/2012 5:22:21 PM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: American in Israel

I would wish you were wrong but I think you are right. For God’s punishment, I wish that those who voted for him would gag on him!


36 posted on 06/25/2012 3:57:01 PM PDT by Buddygirl (Just about all Democrats are (blank). You fill in the blank!)
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