Blue state blues. The Associated Press is summarizing Virginia’s latest Comprehensive Annual Financial Report regarding the economic health of The Old Dominion. The news is bleak.
“Personal income grew 4.1 percent in Virginia compared to 4.5 percent in the U.S. Housing prices in Virginia rose 5 percent compared to 6.8 percent nationally. Virginia also lagged behind the national average in employment growth and the number of new building permits for privately owned housing.”
It sees that as Virginia continues to turn from red to blue politically it is also turning from red hot to icy blue economically. Coincidence? Perhaps. However, to the victors go both the spoils and accountability for results. Democrats have won every state wide race in Virginia since 2009. Perhaps it’s time to start asking the Democratic politicians some hard economic questions. Continue reading