While looking into the unemployment numbers and the economic impact I wondered about the effect that predominately Democrat officials would have on the "little people."
This observation may be due to a few factors, but it sure is interesting....
Given:
1. Republicans predominately lower taxes on the "rich" and corporations. Regulation of business is discouraged and removed.
2. Democrats predominately raise taxes on everyone, but especially the "rich" and corporations. Regulation of business is promoted.
How would these philosophies affect the unemployment rate? So for fun I found a map of the Red / Blue States on Wikipedia
Then took the unemployment numbers from July, as we don't have them for August (See previous post) and came up with this graphic:
For pure blue states the average unemployment for July was 5.77% For red states it was 4.92%.
Here is the basic idea, if the "rich" and corporations have high taxes and regulation they can't afford to hire more people. They also have to be "tighter" with their budgeting. If they get tax breaks or have less requirements placed on them, there is money that is freed to use for hiring people. Granted not much left over, but enough to hire a few entry level jobs. Uh... and note that the low end jobs often are some of the first to get cut.
So it seems that Democrats are bad for the "little people."
-- Peter Mathias
1 comment:
Hmmm... Never thought about it that way.
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