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The McCrory-Pope economy

A new report from the experts at the N.C. Budget and Tax Center paints a sobering picture of what the new “recovered” North Carolina economy really means for average people:

“North Carolina’s recovery from the Great Recession has been marked by slow job growth and persistent challenges for working families to make ends meet. The minimal job growth has been concentrated in low-wage industries, a new report finds, which will only make North Carolina’s economic recovery that much more difficult.

Low-wage work is defined simply as work pays less than what it takes for a family or an individual to make ends meets, according to a new report from the North Carolina Justice Center. Based on the Budget and Tax Center’s Living Income Standard, a worker with one child has to earn $16.21 an hour to meet this standard. Most of the jobs created since the start of the official recovery in 2009 pay less than the Living Income Standard, and, even more disturbing, the growth in poverty-wage jobs has exploded, the report said.

‘When workers earn low wages, they struggle to meet the rising costs for their most basic needs: food on their table, roofs over their heads and clothes for their children,’ said Alexandra Sirota, Director of the Budget & Tax Center and co-author of the report. ‘The broader economy also suffers from a shrinking middle class and increased public spending to help working families stay afloat….’”

In other words, things remain mired in neutral for most people and the state’s maddening refusal to expand Medicaid or maintain tax policies that put more spending money in the hands of average families continue to make things worse for no good reason. Read the entire report by clicking here.

11 Comments

  1. Alex

    June 18, 2014 at 6:33 pm

    What you are describing exactly is Obama’s national economy ! All of the states are caught in this false “recovery” mess. Nothing will change until we get new leadership.

  2. LayintheSmakDown

    June 18, 2014 at 7:28 pm

    Good point Alex, don’t forget the state the NC economy would be in if the progressive nirvana of $10 billion more on the current $20 billion budget would be. You would not be able to see from all the smoke raised by people peeling out to leave the state. As it is hopefully the progressoes are the one leaving to find their nirvana in the economic leaders like Detroit or Ohio or NY or California.

  3. love my state

    June 19, 2014 at 10:31 am

    dang you two just feed off eachother, don’t you??? not one word of truth to the fox-fed crap both of you spew. but no worries, there are more of us that you.

  4. LayintheSmakDown

    June 19, 2014 at 1:52 pm

    Hey LMS, here is the link to the $10 billion. There is a lot of truth to that unless you just want to leave off the most expensive/desired items.

    http://civitasreview.com/budget-taxes/moral-monday-protester-demands-cost-nc-taxpayers-10-billion-year/
    Plenty of links for you to look at if you dare.

  5. ML

    June 19, 2014 at 2:36 pm

    Civitas paid for by art pope? I’ll get my information from the BTC expert report or anyone that is not speculating.

  6. ML

    June 19, 2014 at 2:41 pm

    Oh and Alex the Obama economy is far greater than the bush economy in terms of growth. Bush started with a surplus and pushed into a deeeeeeep whole. So in reality, negative growth. Obama has started from bottom and now is surpassing the pre-recession levels. Moreover, our highly touted “Carolina comeback” runs identical to the national growth levels of the “Obama economy”. If attacking the president is all you have then I guess I just wasted my time explaining how the real world works bc you clearly have no intention in joining us here.

  7. LayintheSmakDown

    June 19, 2014 at 10:23 pm

    BTC and the adjective expert are far from associated. The Civitas expert report just lays out BullyBarber’s demands and puts the price tag to it, as confirmed by the non-partisan estimates provided by the NCGA economists.

  8. LayintheSmakDown

    June 19, 2014 at 10:25 pm

    ML, I think the deep hole was put in place by Barry. Going from ~10 trillion to ~18 trillion is roughly doubling the debt approaching an exponential increase rate. Any competent executive would have been able to stem the tide. The Obama economy is a disaster, just admit it.

  9. Alan

    June 19, 2014 at 10:56 pm

    Just how many Civitas sock-puppets are there? Seriously, it’s so comical that your comments are so detached from reality and simply represent the talking points you are handed by Team Civitas. You do realize nobody takes your crap seriously, don’t you?

    Wouldn’t it all just be so much better if we had real leadership back in Washington, like Cheney, Rumsfeld, Rice, and the rest of the crazy wing nuts? Maybe the neo-fascist nirvana (oh, a Civitas “wurdz of the weak”, my bad…) will happen when Ted Cruz is elected President? LOL…

  10. ML

    June 20, 2014 at 1:54 pm

    LSD, in what world is 10 greater than 8? That’s the increase you reference as GWB brought it up to 10 and at an exponential rate that was dramatically curved by Obama. Your conclusion is contradicted by your own facts. Just admit it.

  11. LayintheSmakDown

    June 20, 2014 at 6:11 pm

    Uhhh, Ml in this universe 10 is greater than 8. Unless you are using that Common Core math. And last I checked the national debt at the end of GWB’s first year in office 2001 was close to 6 trillion so we only added about 4 trillion or so in 8 years. Now Barry has increased from 10 up to 18 in five years! That is astronomical….this is hard for progressoes I know but actually think of it, that is more than we had incurred from the Revolution until 2006! That encompasses the huge (for the times) expenditures the War of Northern Aggression, WW1 WW2, Vietnam the Cold War. Just let it sink in before the requisite ad hominem attack.