Politicians love to take credit for good things that happen while they are in office — whether they bear any real responsibility or not. As reported in this morning’s edition of the Weekly Briefing, North Carolina Lieutenant Governor Dan Forest, of all people, is even taking credit for the state’s falling unemployment rate and high rating in Site Selection magazine. As noted in the same space last month, however, the truth of such matters is a lot less clear cut:
“Except in times of profound crisis when extraordinary powers may occasionally be conferred, it is extremely rare that a political leader can do much more than make gradual tweaks and adjustments that will bear fruit (or not, as the case may be) somewhere down the road.
Meanwhile, the trends so busily tracked and catalogued by analysts each month – jobs, unemployment, incomes, retail sales, corporate profits and the like – are just as likely to be the byproduct of decades-long patterns (e.g. the exportation of jobs overseas and the evolution of the Internet) or recent unforeseen events (e.g. bad weather, a failed crop or a new invention) as they are of comparatively recent public policies like a new tax cut or a business incentive.”
New confirmation of this complex reality comes in the latest household moving numbers from United Van Lines. According to the just released annual study, North Carolina ranked Number 3 nationally of “top destination states.” Read More