Under Gov. Scott Walker, WI private-sector job creation "slowed markedly," and his income tax cut helps rich more

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scott walker no jobs

Wisconsin Governor Scott Walker made a major campaign promise that his state on his watch would add 250,000 private-sector jobs by the end of his term.

How'd that work out for you, Scotty?

JSOnline:

Job creation in Wisconsin slowed markedly between July and September, according to the most recent available government data deemed credible by economists. [...]

Friday's report also contained the weakest reading since the 12 months of September 2009 to September 2010 - a period that overlapped with the last recession. [...]

The last time that Wisconsin appeared in a national ranking of the Quarterly Census, it was for the 12 months through June 2012. Then, Wisconsin ranked 42 out of the 50 states in private-sector job creation, a decline from a rank of 37 in the previous period, from March 2011 to March 2012.

That makes Wisconsin a laggard in job creation even by the glacial standards of the national recovery, which has moved far too slowly to absorb the millions of unemployed left over from the 2007-'09 recession.

See how well union busting and austerity work?

but wait there's more

According to the Wisconsin State Journal and an analysis by the Institute on Taxation and Economic Policy done for the Wisconsin Budget Project, Walker's full of crap. But then we already knew that.

TheNorthwestern.com explains:

Gov. Scott Walker’s proposed income tax cut would give more money back to the rich than it would the poor, despite his billing it as a boon to the middle class, a new analysis shows.

promises promises smaller

Andrew Reschovsky, a UW-Madison professor of public affairs and applied economics:

"There is no evidence that the tax cut will do much to encourage growth and job creation.”

Mark Schug, a UW-Milwaukee professor emeritus who now consults in the area of economic education:

[S]uch a cut is not likely to be an economic boost. “I do tend to think that the income tax reduction is not sufficient."

Of course, even after all these stats and expert opinions, Walker's fellow Republicans will undoubtedly continue to march in lockstep, livelihoods of the 47%/99% be damned:

[T]he Republican-controlled Legislature will now take the next four months making changes before voting on it likely sometime in June.

They're nothing if not predictable. Be proud, Koch brothers.

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  • http://twitter.com/RockMollica Rock Mollica

    Look to WI and see if you want to live in a right to work country. Walker is not for the working class. Sold his constituents a bill of goods and shafted them the first chance he got. Ayn Rand would be proud of his party, decimating the poor and working folks to make life exponentially better for the rich.