Economic blunder


Letting go of the $600 million plus federal dollars for the new railroad was in my view economically a fatal mistake. One of the basic principles of business: Do not leave money on the table, even a single dollar. Wisconsin did, $600 million of them, and then some. 

The result: Instead of the economic boom that would have been created via the influx of dollars and a cycle of positive domino effects we are seeing months of jobs losses, and we are doing well to be at the bottom, if that were the intent. For example, November 2011: nationwide 120,000 jobs created. Wisconsin highest number of jobs lost: 14,600 jobs lost. I don’t want this to sound melodramatic, simply factual.

0 comments:

Post a Comment