More “Good” News for Idaho’s Economy
The Bureau of Economic Analysis reported today that personal income growth in the State of Idaho was among the highest in the nation, as indicated by the above map. Before we get to giddy and declare that perhaps our policy makers have done something to spur this, it’s helpful to drill down into the tables a little bit to see that Idaho also in the first quarter of 2010 received its largest annual rate of ARRA (federal bailout) money. In some states, such as Mississippi, transfer payments from the Feds represented half the state’s personal income growth. This begs the rhetorical question then, what happens when those funds are cut off? Anyway, thanks Uncle for all your help floating the economy here!
Tags: Economy
Economy, Government, Myths of Idaho, Recession | admin June 18, 2010
