Tue
Jun 11 2013
02:03 pm
By: R. Neal
Gov. Haslam is touting a recent report saying Tennessee has one of the fastest growing economies in the U.S. But at what cost? And who's paying for it?
There's no good way to determine how many millions of taxpayer dollars the state has spent in the "corporate welfare" shell game to lure business (including some incentives that have not paid off).
Haslam also forgets to mention that:
- During the recovery from 2010 to 2012, average annual wages grew only 2.6% in Tennessee v. 3.1% nationwide.
- 14.9% of Tennessee residents are on food stamps, v. 10.2% nationwide.
- 18.4% of Tennessee's population is on TennCare, the state's version of Medicaid public health care assistance.
- Another 9.2% of Tennesseans are uninsured.
- 16.9% of Tennessee residents are living in poverty, v. 14.3% nationwide.
- Tennessee has the highest combined state and local sales tax in the nation.
- Tennessee unemployment is consistently higher than the U.S. rate.
- Tennessee is number one in meth abuse.
But hey, things are looking up for the governor and his wealthy pals, especially now that we have gutted workers comp, eliminated prevailing wage laws and protected negligent corporations from victims seeking justice.
|
Topics:
|
|
Discussing:
- Are Chat bots a waste of time? (1 reply)
- Smith & Wesson noise problem (1 reply)
- Musicians dropping out of President's Freedom Concert Series (1 reply)
- It's time for new blood in Congress, Barnett in - Burchett out (1 reply)
- Burning Down The House... (2 replies)
- Behind Lege Lies (1 reply)
- Peace (1 reply)
- Speak your truth, fight and believe. (1 reply)
- Large banks have too much AI data center debt? (1 reply)
- GOP misleading on federal health care funding (1 reply)
- Feds indict civil rights group (3 replies)
- Georgia issues burn ban, first time in state history (2 replies)
TN Progressive
- Smith & Wesson not a good fit for Blount County (BlountViews)
- Pellissippi Parkway extension delayed again (BlountViews)
- Blount County early voting record turnout (BlountViews)
- Louisville, TN, town center coming soon? (BlountViews)
- WATCH THIS SPACE. (Left Wing Cracker)
- America As It Is Right Now (RoaneViews)
- A friend sent this: From Captain McElwee's Tall Tales of Roane County (RoaneViews)
- The Meidas Touch (RoaneViews)
- Massive Security Breach Analysis (RoaneViews)
- (Whitescreek Journal)
- My choices in the August election (Left Wing Cracker)
- July 4, 2024 - aka The Twilight Zone (Joe Powell)
TN Politics
- Local election officials reel over ‘logistical nightmare’ of Trump’s vote-by-mail order (TN Lookout)
- Shelby County Clerk Tami Sawyer indicted by U.S. DOJ for using $44k in public funds for personal use (TN Lookout)
- After One Big Beautiful Bill Act, 100,000 Tennesseans’ lose SNAP food aid (TN Lookout)
- Trousdale Turner guards to wear body cameras at privately-run prison (TN Lookout)
- Kennedy Center facade blocked from public view by tarp after Trump’s name removed (TN Lookout)
- Will Tennessee Republicans’ next move be to purge Democrats entirely? (TN Lookout)
Knox TN Today
- War time drive at Knoxville High School (Knox TN Today)
- TDOT outperforms on Alcoa Highway; Snowden new director (Knox TN Today)
- Abby Ham reflects on journalism career and new journey (Knox TN Today)
- Wallace Real Estate expands with Bristol-based historic property specialist (Knox TN Today)
- Smoke alarms: What every household should know (Knox TN Today)
- Above & Beyond: Libraries let readers “Check Out” a person instead of a book (Knox TN Today)
- 6/16 HEADLINES: News and events from Knox, World, USA, Tennessee & Historic Notes (Knox TN Today)
- MC Computer Programming Team earns success in competition (Knox TN Today)
- How an automatic savings plan can help you reach financial goals (Knox TN Today)
- The necktie started with French nobility (Knox TN Today)
- Famous DGG is out there, DeSean Bishop is here (Knox TN Today)
- Thomas Cole: New KFD Asst. Chief, 134th Wing’s Chief Master Sergeant (Knox TN Today)
Local TV News
- Knoxville nonprofit CareCuts expands services with free telehealth clinic (WATE)
- Knoxville to commemorate Juneteenth with parade and festival (WATE)
- Knoxville pro golfer tees up for sixth straight Women's PGA Championship (WATE)
- University of Tennessee professor fired over Charlie Kirk comments amends lawsuit (WATE)
- 'Great relief' Cocke County receives $1 million reimbursement from FEMA as Helene recovery continues (WATE)
- Quantum computer at Oak Ridge National Lab opening new doors in research (WATE)
News Sentinel
State News
- Amazon to create 300 new jobs with new Chattanooga delivery station - Chattanooga Times Free Press (Times Free Press)
- Lawyer Meredith Mochel launches campaign for Red Bank city judge - Chattanooga Times Free Press (Times Free Press)
- Teen charged in connection with disappearance of Collegedale man - Chattanooga Times Free Press (Times Free Press)
- Vols’ new strength coach may play key role in Baylor star DGG’s decision - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- B-52 on test flight plunged at a rate of nearly a mile a minute before crashing, killing 8 - AP News (US News)
- Rep. Mike Collins wins GOP runoff in Georgia Senate race - NBC News (US News)
- ‘VIP pass’: Trump administration mulling how to coax more oil tankers through Hormuz - Politico (US News)
- 2 workers reportedly shot inside Wilmington Hospital in Delaware; facility on lockdown - 6abc Philadelphia (US News)
- Group planned to attack White House UFC event using snipers and drones, FBI says - BBC (US News)
- Trump admin tries to block Clean Air Act lawsuit over xAI’s gas turbines - Ars Technica (Business)
- Federal Judge Blocks Idaho Law Criminalizing Transgender Bathroom Use - The New York Times (US News)
- Anthropic Ban Stirs Concerns at OpenAI and Beyond of Crackdown on Foreign AI Talent - The Information (Business)
- US Justice Department accuses 15 Minnesota activists of ‘antifa’ activities - Al Jazeera (US News)
- EV-maker Rivian cuts hundreds of jobs after launching new SUV - Fox Business (Business)
- Dow climbs above 52,000 for first time as oil prices fall, but tech sell-off knocks down S&P 500: Live updates - CNBC (Business)
- SpaceX valuation balloons to $2.6T, briefly passes Amazon - TechCrunch (Business)
- One-year-old killed and another person injured after Mississippi police shot at car - The Guardian (US News)
- Yum Brands to sell struggling Pizza Hut chain for $2.7 billion as demand slumps - Reuters (Business)
- The war with Iran is making oil changes pricier. And a deal won't solve it - NPR (Business)
Local Media
Lost Medicaid Funding
To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)
Search and Archives
TN Progressive
Nearby:
- Blount Dems
- Herston TN Family Law
- Inside of Knoxville
- Instapundit
- Jack Lail
- Jim Stovall
- Knox Dems
- MoxCarm Blue Streak
- Outdoor Knoxville
- Pittman Properties
- Reality Me
- Stop Alcoa Parkway
Beyond:
- Nashville Scene
- Nashville Post
- Smart City Memphis
- TN Dems
- TN Journal
- TN Lookout
- Bob Stepno
- Facing South

With the huge cash reserves
With the huge cash reserves of companies and the profits they were making, and households decreasing their debt, I think the economy was going to improve as soon as households felt they had the discretionary money to spend, regardless of who was governor, president, etc. The degree of improvement could have been impacted by whomever got in those positions.
We're still in a slow growth
(in reply to jbr)
We're still in a slow growth cycle. There will be some improvement but not enough to launch the animal spirits anytime soon.
Yowza! Let them eat cake.
Yowza! Let them eat cake.
Things that also contribute
Things that also contribute positively to GDP: hailstorms, broken legs, meth lab raids, government studies of GDP, etc.
But hey, things are looking
Sort of like what Bredesen's 3rd term would have looked like, short of a few ALEC bills signed into law.