Skip to main content

Kansas Gov. Sam Brownback speaking at the Conservative Political Action Committee Conference
The Koch brothers' top toady, Kansas Gov. Sam Brownback, taking a break from trashing his state's finances.
Chart showing downward economic trends of states in which ALEC policies have been implemented.
Data:
Menzie Chinn decided to check out whether conservative pro-growth policies actually led to high growth, and the chart on the right shows the results. Chinn compared scores on the ALEC-Laffer "Economic Outlook" ranking to actual growth in 2013-14 and looked for a trend. There wasn't one. "If there is any evidence," he concludes after a more detailed look at the data, "it suggests that a higher ALEC-Laffer Economic Outlook score is associated with a worse economic performance."
The full calculations can be found here. More here. But in short, the left column is the state rankings for economic growth, the bottom one is how closely aligned the state is with the ALEC-conservative agenda, with those to the left being more conservative. So if conservative policy was that conducive for growth, we'd see a nice 45 degree line from the bottom left to top-right. Instead, we see a line slightly heading the other direction.

So you see Kansas, the wholly owned subsidiary of the Koch Brothers, on the wrong end of those growth rankings? Here's what it means in real life:

Citing a sluggish recovery from the recession, risk inherent in the governor’s tax plan and uncertainty over the Legislature’s ability to keep cutting spending, one of the nation’s two major debt rating agencies downgraded Kansas’ credit rating Thursday.
How about Gov. Chris Christie's New Jersey?
A major Wall Street credit-rating agency downgraded New Jersey’s debt again Thursday, unnerved by "both the scale and belatedness" of an $807 million budget gap disclosed this week by Gov. Chris Christie’s administration.

The action by Fitch Ratings followed a similar ratings cut last month by Standard & Poor’s. Earlier this week, Moody’s Investors Service called the shortfall a "credit negative development," forewarning that yet another downgrade may be coming.

Of course, this isn't a serious Republican Party. They have been wrong about everything, and continue to be wrong about everything. There's a reason they've been relegated to pursuing crazy Benghazi conspiracy theories ("the talking points were EDITED!"). They've been wrong on the economy. They've been wrong on Obamacare. They're wrong on immigration.

What else do they have when reality refuses to cooperate with their Fox News Bubble of Death?

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site