So what part of “leadership” does Gov. Mark Sanford NOT understand?
According to the morning papers (Greenville News; The State), the governor says he’s concerned about the state’s high unemployment but doesn’t understand why it’s high when tax collections and job growth are up.
In fact, he’s so concerned that he is going to take the bold step of leadership to seek a university study AFTER the November elections. Why? Because he doesn’t want the move to seem “political.”
This guy just must be an idiot. It’s “political” to NOT do the study now because waiting makes it look like he’s trying to save his hide. It’s the contradiction of leadership to wait.
Perhaps Sanford should phone an economist for a lesson.
Here’s how Clemson’s Bruce Yandle explained the “riddle” of government, according to The Greenville News:
Bruce Yandle, a Clemson University economist, said the unemployment numbers and tax revenues aren’t necessarily connected. He said it is possible to have a growing economy with a rising unemployment rate. For instance, he said, if an economy begins to grow, more people may decide to seek jobs.
Yandle also said it is possible that much of the increase in tax revenue reflects a growth in income of affluent workers or business owners, not an increase in the number of workers.
And this, according to The State:
Sanford has said so many people are moving to South Carolina, job growth can’t keep up with population growth.
Economists say that’s unlikely. People tend to stay put because of family even after losing their jobs, said Frank Hefner, a College of Charleston economist.
South Carolina’s population has grown over the past several years, much of it probably due to retiring baby boomers. But if they no longer want to work, the population-growth argument “falls flat on its face,” [Federal Reserve economist Ray] Owens said.
Hefner said a more likely scenario is that more South Carolinians are looking for jobs. During economic downturns, people give up looking for work, but when the economy picks up, they re-enter the labor market, he said. For example, a family might decide to have two working parents instead of one, he said.