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Jul 31, 201310:02 AMBlaska's Bring It!

with David Blaska

Wisconsin’s economy soars, Mary Burke’s candidacy crashes

(page 1 of 2)

How does the science go? Something about for every action there is an opposite but equal reaction?

That popping sound you just heard was Mary Burke’s exploratory campaign balloon. New economic numbers are in for Wisconsin, and they are very good — which is very bad for Ms. Burke and the Democrats.

Earlier this month, I wrote that Wisconsin’s economic miracle had begun and asked, “Did anybody notice?” The June unemployment numbers had just come out, showing Wisconsin had racked up the biggest monthly jobs gain in 21 years, that our unemployment rate of 6.8% was well below the nation’s 7.8%, that we recorded the second-highest job growth rate of the 50 states.

Other shoes are now dropping. Now it transpires that Wisconsin will have the second-strongest economic growth in the nation over the next six months. All credit to Mike Ivey of The Capital Times, long one of the more honest scribblers in town, who reports:

Those banking on Wisconsin’s economy tanking in hopes it might cost Gov. Scott Walker his re-election are not going to like the latest numbers from the Philly Fed. A new report from the Federal Reserve Bank of Philadelphia is predicting Wisconsin’s economy will grow 3.14 percent on an annualized basis over the next six months, second best among all states. — “New report shows Wisconsin economy strengthening.”

Liberals who chanted a few months ago that Wisconsin ranked a dismal 49th in the Philadelphia Federal Reserve bank’s monthly long-term economic outlook will now put down their songbooks. In that July 19 blog, I explained why Wisconsin’s economy has been slow to take off.

Employers were carefully watching the sturm und drang of the recall movement and the subsequent (by only a few months) November election before they could conclude that Wisconsin is, indeed, open for business. They were waiting for the return of iron mining in Iron County, the tax cuts, and other measures opposed by the socialists. Hiring decisions are more deliberate than turning on a light switch.

“We know that employers want stability,” Gov. Walker agreed in a statement that includes still more positive economic news.

Back to Burke

Mary Burke was the Democratic Party’s great white hope against Scott Walker. A member of the family that owns Trek Bicycle Corp., she could self-fund, to a probably limited degree. (She does not have the Mayor Bloomberg kind of fortune.) She could claim some business acumen, both through Trek and her stint as secretary of commerce, albeit the latter was in the job-losing Jim Doyle regime. Her one elective position is as a member of the Madison Public School Board — not exactly a launching pad for statewide office.

(Continued)

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Comments, page 1 of 3 1 2 3 Next »
Jul 31, 2013 10:59 am
 Posted by  Matt Logan

While I am sure you would like to lay all the success at the feet of Scott Walker, isn't some of the growth the result of growth in the national economy and resulting increases in demand for Wisconsin products?

Jul 31, 2013 11:50 am
 Posted by  David Blaska

Oh, so now it is the national economy?

Jul 31, 2013 01:48 pm
 Posted by  Matt Logan

You tell me Blaska, how much of the recent good economic news in Wisconsin is osmosis from the national economy and how much can we attribute to State Government?

It seems fairly obvious that if the national economy improves, there will be an increase in demand for goods from Wisconsin. If you were to believe the Governor, the economy should have spiked right after he won the recall race. Ahh, but at that point it was all Obama's fault for creating "uncertainty".

Jul 31, 2013 03:10 pm
 Posted by  David Blaska

Certainly, Wisconsin is part of the national economy. But the national economy hasn't really improved. It is treading water. Why do you think Obama is once again pivoting back to the national economy? The rate of joblessness in the last reported month, according to the U.S. BLS, went UP in 28 states and down in only 11 -- Wisconsin among the latter. Our unemployment rate at 6.8% is well lower than the national 7.8%. Also, please read the blog -- employers were waiting for the results of the November 2012 elections. That and the "light switch" thing. Read for comprehension!

Aug 1, 2013 07:24 am
 Posted by  Anonymous

Nothing like a good bicycle photo to get the attention of Matt Logan. It was like a light bulb drawing moths.

Aug 1, 2013 09:34 am
 Posted by  Anonymous

It's always good to base the economy on part time jobs.

Aug 1, 2013 10:33 am
 Posted by  Anonymous

blaska is just opposed to Burke because she is more educated, better looking and has more money. Other than that he really didn't say anything new. Same old "walker good, liberals/progressives/democrats bad".

old baldy

Aug 1, 2013 10:56 am
 Posted by  David Blaska

And she has a better bicycle, don't forget!

Aug 1, 2013 03:47 pm
 Posted by  ssquared

Matt Logan suggests Obama is partially resrponsible for Wisconsin's and Walker's employment rate success and Wisconsin's improving economy ??????

Obama is raising taxes; Walker is lowering taxes.
Obama is destroying jobs with Obamacare and causing people to go from full time to part time. That is aiding Walker?

Logan has made one of the most insane ridiculous suggestions I have ever read. Even a liberal economist wouldn't have the nerve to make such an aburd assertion.

Logan better stick to counting spokes.

Aug 2, 2013 09:17 am
 Posted by  Matt Logan

http://www.milwaukeemag.com/article/122013-WisconsinTrails

When you track real GDP growth, it is clear the nation as a whole has done better than Wisconsin since 2009. Ergo, the national economy is responsible at least in part for Wisconsin's growth.

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About This Blog

Raised on a farm near Sun Prairie, David Blaska is a recovering liberal who spent 18 years in daily newspapers, including 12 at The Capital Times in Madison as a reporter and editor. He served Gov. Tommy Thompson as acting press secretary in 1998 and is a veteran and survivor of 19 years in state government. He served 12 years on the Dane County Board of Supervisors. From December 2007 to November 2011 he wrote the consistently popular "Blaska's Blog" for Isthmus online's "The Daily Page" until, he says, the intolerant liberals ran him off. He blogs from Madison.

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