We didn’t wait for the economy to grow, we raised taxes. The biggest tax increase in state history killed economic activity.

That along with the anti business stance JBE took caused businesses to shy away and folks to leave.

But govt. did well. No services were cut. In fact they increased. There was no belt tightening, no layoffs.

Edwards fixed the govt. at the expense of the population.

3 Jump to Post ...

Report Post Jump to Post

Posted by JKChesterton

Member since Dec 2012

4028 posts

Posted on 11/14/19 at 9:32 pm to doubleb

No the collapse of oil from 150 a barrel in 2007 and 2008 to then 100 around 2012 to eventually around 30 to 40 caused the slowdown . Once again LA became to tied, not as much in the 70s abs early 80s, to the price of oil with respect to the economy and budget policy.

0 Jump to Post ...

Report Post Jump to Post

Posted by JKChesterton

Member since Dec 2012

4028 posts

Posted on 11/14/19 at 9:39 pm to doubleb

Not true , economist measure size of state government as the ratio of state spending to GDP. Louisiana is 37 of the 50 states which means we are at the top end of the lower Third in size of state government. do a search on size of state government to GDP as there are economic studies that empirically document how LA ranks relative to other states.

1 Jump to Post ...

Report Post Jump to Post

Posted by JKChesterton

Member since Dec 2012

4028 posts

Posted on 11/14/19 at 9:45 pm to doubleb

Again a talking point that is not correct , see my response earlier I am tired of linking stuff but one such study that documents what I said was done by 247 wall I think it is called . Nice clean study with easy to read metrics to rate size of state government

1 Jump to Post ...

Report Post Jump to Post

Political Talk - Replies to Post

Return To Board

Page 1

Return To Board