The President who drove old Dixie down…
Looks like some of the Red states are feeling a little blue.
Across the South, the economic landscape has turned upside down. Atlanta, where all arrows once pointed up, is hurting most: 61,800 jobs were lost in the 12 months that ended in October â€” more than in any other city in the country, according to the federal Department of Labor. And the job losses are continuing.
Even North Carolina’s powerhouse area, Raleigh-Durham, which is normally all but immune to hard times thanks to a largely tenured work force of university and state government employees, has seen its unemployment rate double this year. In Hickory, N.C., and the surrounding area, entire fiber-optic cable factories have been mothballed in recent weeks, and 3,200 jobs have been cut since spring 2001.
In Louisiana, where the oil-and-gas industry typically buoys the state during national recessions, anxieties about a conflict with Iraq appear to have held up new investment â€” and job growth.
Faced with his father’s fate, what do we suppose old President Tax the Poor is going to do to rescue his base?
“The president is making the case that people who earn between $50 [thousand] and $75,000 a year should be paying a third more taxes,” Matsui said.
That is, of course, if they still have jobs.
The Bush Economy redux……