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rurallib

(62,423 posts)
Wed Nov 22, 2017, 02:46 PM Nov 2017

IOWA NOW DEAD LAST IN GDP GROWTH UNDER ALL-REPUBLICAN CONTROL

https://iowastartingline.com/2017/11/22/iowa-now-dead-last-gdp-growth-republican-control/

Very bad news this week for both Governor Kim Reynolds and the Republican-controlled Iowa Legislature. The U.S. Bureau of Economic Analysis (BEA) reported the second quarter economic growth by state (GDP). Iowa’s economic growth was a negative .7%, dead last among all 50 states. Of the 50 states, 48 had positive growth in this period. Only Iowa (-.7%) and South Dakota (-.3%) had a negative growth rate.

While one quarter’s performance doesn’t predict future growth, it’s a huge embarrassment for the Iowa Republican Party. The Republican Governor and the GOP control majorities in both branches of the Legislature and have driven Iowa’s economy to last place in the nation. They can’t blame the Democrats for this economic disaster.

This latest economic data simply confirms what most Iowans already know. Republicans’ mismanagement of state government has led Iowa to a budget train wreck. Under their management they have taken a budget surplus of nearly $1 billion in 2013 to a budget deficit this past year. In the Reynolds regime’s struggle to balance the state budget this past year, they slashed spending by $118 million and ended up borrowing another $144 million to end the budget year. One wonders if former Governor Terry Branstad didn’t foresee the budget mess he and Reynolds were creating and decided to abandon ship by taking the China gig.

The new legislative session begins in January and the state budget starts out in a big hole. Reynolds is obligated to begin to pay back the $144 million borrowed in 2017. In addition, the cuts they made in 2017 have left many state departments and agencies struggling with the previous cuts.

More at link

Congratulations Iowa! You beat Kansas

cross posted from Iowa forum
42 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
IOWA NOW DEAD LAST IN GDP GROWTH UNDER ALL-REPUBLICAN CONTROL (Original Post) rurallib Nov 2017 OP
Dead last. Turbineguy Nov 2017 #1
fake news . . . . Iliyah Nov 2017 #2
Sorry to ask saidsimplesimon Nov 2017 #30
Appalling. But totally expected, now that Iowa's decided to be a red state rather than a purple one emulatorloo Nov 2017 #3
And they will be reelected jpak Nov 2017 #4
Because the most important things for every Iowa household are: Mr. Evil Nov 2017 #19
Come to the 2nd district jayschool2013 Nov 2017 #31
Um, what? Wednesdays Nov 2017 #37
You know what? Mr. Evil Nov 2017 #40
Oops jayschool2013 Nov 2017 #42
Learn context, pal. Mr. Evil Nov 2017 #39
You get what you vote for. NT Bleacher Creature Nov 2017 #5
Indeed. iluvtennis Nov 2017 #27
Not good to here. Wellstone ruled Nov 2017 #6
But the Baybees!!! will be safe! n2doc Nov 2017 #7
Sad what happened to an once solidly progressive state dalton99a Nov 2017 #8
Um...what did they do moondust Nov 2017 #9
Apparently took it to Vegas and put it all on 12 Red. Initech Nov 2017 #25
yep - corporate tax cuts rurallib Nov 2017 #33
Shock Doctrine, state by state - going national soon! CrispyQ Nov 2017 #10
Good grief! MuseRider Nov 2017 #11
Vote for Tim Winter for Representative! stollen Nov 2017 #12
Republicans own Iowa's lowest growth. Bernardo de La Paz Nov 2017 #13
Do Iowans zentrum Nov 2017 #14
Iowa and Kansas-- DoctorJoJo Nov 2017 #15
Vote R fast track to the bottom JDC Nov 2017 #16
I wonder if Brownback is feeling jealous DFW Nov 2017 #17
Brownback: Mr. Evil Nov 2017 #21
Symptoms known to often be fatal if not treated in their early stages. n/t DFW Nov 2017 #22
Especially with competition like IA, AL, MS, NE, AK, etc. superpatriotman Nov 2017 #24
You'd think that at SOME point, people in these states would realize that they've been had DFW Nov 2017 #26
Haven't you heard? superpatriotman Nov 2017 #32
News takes a while to get all the way over here. n/t DFW Nov 2017 #36
Nebraska racing to catch up hibbing Nov 2017 #18
Did they cut taxes also, or just do a bunch of corrupt deals? Ilsa Nov 2017 #20
But they are such job creators! IronLionZion Nov 2017 #23
Future headline: Eliot Rosewater Nov 2017 #28
- Bigredhunk Nov 2017 #29
No surprise. Theyve went complete wacko in that state Thrill Nov 2017 #34
Don't use this article for an argument. Republican controlled states also have the highest growth njhoneybadger Nov 2017 #35
uhhh, not to offer you a pizza but onethatcares Nov 2017 #38
Damn you Obama. lpbk2713 Nov 2017 #41

emulatorloo

(44,131 posts)
3. Appalling. But totally expected, now that Iowa's decided to be a red state rather than a purple one
Wed Nov 22, 2017, 02:54 PM
Nov 2017

Just another dysfunctional Koch Bros-owned failure.

Mr. Evil

(2,845 posts)
19. Because the most important things for every Iowa household are:
Wed Nov 22, 2017, 04:46 PM
Nov 2017

More Guns
More God
No Abortions
No Homosexuals

Mr. Evil

(2,845 posts)
39. Learn context, pal.
Wed Nov 22, 2017, 08:12 PM
Nov 2017

I was implying that's all republican politicians have to say to be elected. And from the looks of things they've done pretty well. Now explain to me how Iowa is run from top to bottom by republicans.

 

Wellstone ruled

(34,661 posts)
6. Not good to here.
Wed Nov 22, 2017, 03:19 PM
Nov 2017

Iowa is so dependent on the Ag Economy and the interdependence of State Agencies to make their Ag economy work.


ALEC really has done a number on this State. As one has said,you get what you voted for.

n2doc

(47,953 posts)
7. But the Baybees!!! will be safe!
Wed Nov 22, 2017, 03:20 PM
Nov 2017

At least until born, or miscarried due to lack of maternal heath care. Tat's just Gawd's Way!

moondust

(19,993 posts)
9. Um...what did they do
Wed Nov 22, 2017, 03:25 PM
Nov 2017

Last edited Wed Nov 22, 2017, 06:07 PM - Edit history (1)

with the billion dollar surplus in 2013? Tax cuts or something? Just curious.



ETA: Iowa had Democratic governors from 1999 to 2011 which might help explain the respectable 2013 surplus.

From the same site as the OP (with ghastly chart):

So what happened? Well, it turns out that four years of huge property tax cuts for corporations does a number on how much revenue Iowa can bring in, and they clearly haven’t stimulated Iowa’s economy in the way Terry Branstad and Kim Reynolds promised.

https://iowastartingline.com/2017/03/31/surplus-deficit-branstad-reynolds-sad-legacy/

CrispyQ

(36,478 posts)
10. Shock Doctrine, state by state - going national soon!
Wed Nov 22, 2017, 03:31 PM
Nov 2017
This latest economic data simply confirms what most Iowans already know. Republicans’ mismanagement of state government has led Iowa to a budget train wreck.


And next election, repubs will still win seats in government.

MuseRider

(34,111 posts)
11. Good grief!
Wed Nov 22, 2017, 03:43 PM
Nov 2017

I always thought I would feel better when we were not dead last as we have been for so long but now, wow, I am so sorry to hear this. It really really sucks to be where you are, where we still are. So many are beginning to tumble it just seems like there is either no one in the Republican party that can learn from bad experience, or and more likely, they have us just where they want us or almost anyway. I am so sorry to see this.

Bernardo de La Paz

(49,007 posts)
13. Republicans own Iowa's lowest growth.
Wed Nov 22, 2017, 04:14 PM
Nov 2017

Iowa State Senate went Republican November 2016.
Iowa State House went Republican November 2010.
Iowa State Governor went Republican November 2010.

So they've had plenty of time to get their act together. Republicans own Iowa's bad growth.

zentrum

(9,865 posts)
14. Do Iowans
Wed Nov 22, 2017, 04:17 PM
Nov 2017

....even know why this is?

Or is it all the fault of immigrants and the elites? Their ability to analyze their own situation is nil.

 

DoctorJoJo

(1,134 posts)
15. Iowa and Kansas--
Wed Nov 22, 2017, 04:20 PM
Nov 2017

--- two shining examples of Repuke trickle down economics. This is why we should refer to the "Laffer Curve" as the "Laughter Curve!"

DFW

(54,405 posts)
17. I wonder if Brownback is feeling jealous
Wed Nov 22, 2017, 04:31 PM
Nov 2017

Last among the 50 states is not an easy position to achieve........

DFW

(54,405 posts)
26. You'd think that at SOME point, people in these states would realize that they've been had
Wed Nov 22, 2017, 05:05 PM
Nov 2017

Maybe it's the combination of Fox Noise and National Hate Radio. They act like people in those parts of East Germany that were out of the range of western TV and radio. They think they live in the best of all possible worlds because their only media told them so. They are terrified to travel elsewhere to find out, because deep down they know they might just be wrong. No one likes to admit they've been lied to for decades, had the chance to find out, and didn't take it.

hibbing

(10,098 posts)
18. Nebraska racing to catch up
Wed Nov 22, 2017, 04:45 PM
Nov 2017

With our inherited wealth governor and budget deficits soaring. Anything that provides any benefits to ordinary citizens along with the university being gutted.


Peace

IronLionZion

(45,457 posts)
23. But they are such job creators!
Wed Nov 22, 2017, 04:55 PM
Nov 2017


The all Republican governments of both Iowa and Kansas will blame liberals somehow for this.

Eliot Rosewater

(31,112 posts)
28. Future headline:
Wed Nov 22, 2017, 05:13 PM
Nov 2017

"GOP says U.S. Bureau of Economic Analysis (BEA)" has a lliberal bias.


So says fox news and so on.

Bigredhunk

(1,351 posts)
29. -
Wed Nov 22, 2017, 05:15 PM
Nov 2017

It blows living here under their shit leadership. The most recent MCO pulling out of the privatized Medicaid fiasco (leaving 2, for now) is just another in a long line of reich wing disasters.

onethatcares

(16,172 posts)
38. uhhh, not to offer you a pizza but
Wed Nov 22, 2017, 06:46 PM
Nov 2017

would you list those states in order of growth?

I haven't seen anything remotely similar and am wondering what studies you would quote.

Many thanks in advance.

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