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:
- Study finds Knoxville has the second worst drivers in the US (1 reply)
- Serious Budgeting Yes, Silly Pandering No (1 reply)
- What's that being built near the entrance to Fort Dickerson Park? (8 replies)
- Tennessee hospitals will hurt if GOP has its way (4 replies)
- U.S. HUD speaks out against the people (1 reply)
- It's Biden's fault (1 reply)
- Trump wouldn't call Minnesota governor after Democrat was slain but now blames him for raised flags (1 reply)
- Denso unveils pavillion in Maryville (1 reply)
- Ex-CDC Directors are worried and say it well (4 replies)
- Jobs numbers worst since 2020 pandemic (1 reply)
- Tennessee training MAGAs of tomorrow (4 replies)
- Knoxville, "the underrated Tennessee destination" (1 reply)
TN Progressive
- WATCH THIS SPACE. (Left Wing Cracker)
- Report on Blount County, TN, No Kings event (BlountViews)
- 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)
- Lee's Fried Chicken in Alcoa closed (BlountViews)
- Alcoa, Hall Rd. Corridor Study meeting, July 30, 2024 (BlountViews)
- My choices in the August election (Left Wing Cracker)
- July 4, 2024 - aka The Twilight Zone (Joe Powell)
- Chef steals food to serve at restaurant? (BlountViews)
TN Politics
- Knox County drops criminal charges for pro-Palestinian protesters at University of Tennessee (TN Lookout)
- Trump cancels blue-state projects, trolls Dems on social media as shutdown drags on (TN Lookout)
- Trump endorses Van Epps in Middle Tennessee U.S House race, Reeves drops out (TN Lookout)
- Renewal of health subsidies backed by big majorities in poll, including Trump voters (TN Lookout)
- Tennessee governor takes AG’s altered advice on Guard deployment (TN Lookout)
- Independent groups have spent $2.5 million in the Middle Tennessee U.S. House primary (TN Lookout)
Knox TN Today
- Soccer victorious, volleyball takes win streak on road (plus softball and basketball) (Knox TN Today)
- Treasures & Tales: Tortilla press (Knox TN Today)
- HEADLINES: World & national news to state & local antique festival (Knox TN Today)
- Boo! at the Zoo coming for three weekends (Knox TN Today)
- Mini Food City opens at Muse Knoxville (Knox TN Today)
- Knox the Fox going to Downtown Knoxville with return of Wicked Cool in October (Knox TN Today)
- Smokies during shutdown + 5 river cleanups + KKB orchid nominees ++ (Knox TN Today)
- Harrington hikes three trails in bloom (Knox TN Today)
- Howloween Pooch Parade & Pet Expo ahead (Knox TN Today)
- Solar Gardens progress at Crawford House Solar+Storage site (Knox TN Today)
- Scottish Stare (Knox TN Today)
- Vacay days in New England (Knox TN Today)
Local TV News
- WATE Player of the Week: Halls' Jarrell Chandler (WATE)
- Knoxville tattoo shop owner recounts fleeing business as fire broke out at shopping center (WATE)
- ‘Friday Frenzy Live’ Week 7: East TN high school whip-around coverage (WATE)
- Knoxville leaders break ground on $18.9M Pleasant Ridge Road safety project (WATE)
- Driver pleads guilty in crash that killed Knoxville City Council member's daughter (WATE)
- Full operations to resume at Great Smoky Mountains National Park despite shutdown (WATE)
News Sentinel
State News
- Kennedy: Relearning how to be alone - Chattanooga Times Free Press (Times Free Press)
- Chattanooga tourism leaders tout record year - Chattanooga Times Free Press (Times Free Press)
- The Rant - Chattanooga Times Free Press (Times Free Press)
- Joseph Bozich Obituary - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- Democrats’ defiance on shutdown shows a new, tougher approach to Trump - The Washington Post (US News)
- Abrego Garcia wins request for hearing on whether smuggling charges are illegally 'vindictive' - AP News (US News)
- The best Amazon Prime Day deals: Get up to 57 percent off gear from Apple, Shark, Anker, Dyson, Samsung and others - Engadget (Business)
- How California struck a landmark law to rein in rogue AI - Politico (US News)
- Time is short for an ACA premium fix in the shutdown fight, says GOP insurance leader - NPR (US News)
- ICE arrest reveals alarming past of Iowa school leader involving drugs and guns - KRNV (US News)
- Are we in a recession? Yes — if you live in one of these 22 states. - MarketWatch (Business)
- DC’s shutdown hasn’t stopped the stock market. Here’s what may - AP News (Business)
- Breaking up (Google) is hard to do - The Verge (Business)
- Body slamming, teargas and pepper balls: viral videos show Ice using extreme force in Chicago - The Guardian (US News)
- Trump undoes $187 million cut to NY security funds after GOP outcry - Axios (US News)
- Jeff Bezos agrees with OpenAI’s Sam Altman: We’re in an AI bubble. But Amazon's founder says the benefits will be ‘gigantic’ - Fortune (Business)
- Here's how the fashion industry is using AI to predict the next big trend - NPR (Business)
- This Billionaire Built A $50 Million Golf Course So His Wife Had A Place To ‘Swing Like An Idiot’ - Forbes (Business)
- Simi Valley resident gets over 8 years in prison for attempt to kill Justice Kavanaugh - Los Angeles Times (US News)
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.