Wrong way, Illinois: Unemployment rate increased most in the nation in 2011

As Gov. Pat Quinn prepares for the State of the State address on Feb. 1, he will find it difficult to defend the state’s economic policies that have resulted in more unemployed Illinoisans in 2011.

Almost a year after Illinois’ record income tax increase, the state’s unemployment woes contrast starkly with the slow but positive national economic recovery. Unemployment rates in 46 states dropped since January 2011, and some dramatically. Illinois’ unemployment rate, on the other hand, was 9.8 percent in December, up from 9 percent in January 2011. Simply put, Illinois placed more people on the unemployment rolls than any other state in the country.

Illinois leadership had substantive policy options when it began 2011 with major fiscal challenges. But rather than reduce spending, tackle its pension problems and reduce the cost of doing business in Illinois, officials chose to kick off the year with the largest tax hike in state history.

The results? More deficits, an estimated $7 billion in unpaid bills and a downgrade by Moody’s credit agency to the lowest rating in the country. The state had to pay companies to stay in Illinois, and, worst of all, more Illinoisans joined the ranks of the unemployed.

One in ten Illinoisans who wanted to go to work today could not. Skeptics can try to reason away Illinois’ failure in creating an environment where people can be put to work, but the graphic below says it all.

Read the rest: illinoispolicy.org . . .

Guess thats what fucking happens when you jack up corporate tax rates on producers, they tend to pack up and leave and take their capital with them.

That was the whole reason for that fucking asshole shit sucking communist nigger suing Boeing for having the nerve to take its capital to South Carolina.

Well of course, they sent their top community organized to save the nation.
You can't create jobs in a disorganized community.

Wasn't Bush's national average around 4% for the whole 8 years?

Bastard....

NOZZLE wrote:

Guess thats what fucking happens when you jack up corporate tax rates on producers, they tend to pack up and leave and take their capital with them

Wrong, you kapitalish 1% percenter bootlick oppressor.

Every lumpen prol knows taxation of corporations is inelastic until you reach.......ahhhhhhh.... 75% and than it just might maybe change behavior.

And they shouldn't be allowed to leave.....and.... ahhh....take 'working family' jobs with them. Because......ahhhh.......ahhh.... that's not 'fair'.

And we all...ahhhh......have to be fair...... to......ahhhh.......build an economy for.... the 19th century....ahhhh.... 21st century.