by Dick Hall-Sizemore
“Our beloved Commonwealth is in a ditch.” Glenn Youngkin, May 7, 2021.also see here.
“The commonwealth has never been in a stronger financial condition.” Glenn Youngkin, Nov. 21, 2022
Whiplash on Virginia’s Economy
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29 responses to “Whiplash on Virginia’s Economy”
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Not everything is measured by the economy.
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I am assuming Dick feels Youngkin is being two faced, though his comments are first, when he was running for office in May 2021 (any candidate against an incumbent party is going to complain things should be better) , and second, 18 months later when he is Governor. He is a politician, and there is certainly ample evidence of Biden taking victory laps too from 2021 to date when job numbers come up.
It is interesting when you look at statistics, while 2022 is hardly bustling, job growth is better than where it was in mid to late 2021. Linked below are two different job growth statistics quoted for Virginia. In fact, if you look at CPS, there’s not much job growth in 2021, seems like we were in….”a ditch”….when compared to 2022 and late 2020, albeit a small ditch (maybe a pothole is more fair….).
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So what he should have said is, “The commonwealth has never been in a stronger financial condition (if you ignore the CES and all data prior to the Covid pandemic. Focus on that CPS blip while I was running and squint real hard)…”
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One thing is for sure–his attack on the completely fabricated scourge of CRT in schools has really paid off for the Commonwealth. Thank goodness we’re focused on real issues…
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well, like the Honesty Gap….l
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Year and a half almost apart Dick.
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Only nine months of that can be attributed to Youngkin.
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Federal Reserve Bank presentation to Senate Finance. Slides 16-22 not a pretty picture comparing VA to the US. See also slide 32. Dick must have missed this (or assumes the Federal Reserve is not credible?)
I see no contradiction. To see one, you have to think the main purpose of the economy is to fund the state, so a fat state treasury is proof of a strong economy. That is nonsense.
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“Virginia continues to lag in growth and recovery, but it tends to not take slowdowns as hard”
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“Virginia continues to lag in growth and recovery, but it tends to not take slowdowns as hard”
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Hey I’m just quoting our Governor.
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I hear you Mr. Dick. Ever wonder what Governors Henry Wise and Ralph Northam have in common? Both were Democrats from Accomack and world famous for double talk.
https://uploads.disquscdn.com/images/755446082342d03092e1e2ad590c4829bfc7cb577005579196c00561c556029c.jpg-
like Bob McDonnel and Gilmore did not?
😉
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They all do this. It’s part of the job description Mr. Larry. If a politician is not kissing babies, they are stealing the lollipops.
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totally agree but Gilmore totally screwed the pooch with that car tax ….. have the state give a “rebate” and the local level and put it in the state budget to suck up taxes folks pay the state…
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Steve, a question on pg 18, utilities average weekly wage is listed at $3,002. Does that mean that the average utility company worker made over $150,000 per year?
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Seems to. Not sure what jobs/industries are included. Could involve the Nova high tech internet companies along with power and gas.
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Don’t forget the highly paid folks at the two nuclear plants.
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Wishing for bad luck and knockin’ on wood…
It’s just stunning what the man could do with less than a year, eh Dick?
JFK – 1960 – We have a missile gap.
FDR – ran in 1932 on a balanced budget platform and criticized Hoover for running a deficit.
Other than bashing Youngkin, what’s your point?
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Closer to home, Jerry Baliles won the governor’s race by attacking Wyatt Durrette as somebody who would raised transportation taxes! I had a front row seat on that hypocritical maneuver.
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Youngkin said he wanted to cut the gas tax, right?
You’re right both sides play both sides on the issue…
Youngkin showed up for the new toll lanes….
I’m surprised to be honest. Given what I hear, many Conservatives consider the NoVa toll lanes to be a stab in the back from elected officials!
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Wyatt Durrette. That is most definitely from the way way back machine. His son is a big deal in the bluegrass and country scene. Won a number of Grammys.
https://www.wyattdurrette.com/
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I consider this to be a false comparison. As I understand the two articles, the first was a comment on the Virginia economy overall. The second was a comment on the state government’s finances.
Steve Haner has repeatedly and accurately described the tricks used by the Northam Administration and the General Assembly to raise taxes.
It’s completely possible for a state to have an underperforming economy while taxes are being raised which results in large tax collections.
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How can tax collections increase if the people who are being taxed are not making as much money?
Things like sales taxes normally go down in a bad economy. Employee withholding goes down when people are laid off… so how to tax collections increase?
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By raising the tax rates, Larry. Steve explains this better than I but when Northam failed to conform the state tax code to the new federal code he effectively raised tax rates on Virginians.
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but that doesn’t work if you have a lot of people out of work, not getting paychecks with withholding and not buying cars and other consumers stuff and paying sales tax.
It only works if the economy is adding or at least not losing jobs, right?
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Those FedGov workers in Northern Virginia are never out of work, and usually have 6-figure salaries to tax.
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and so they should be paying taxes! 😉
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