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Another good week of economic news for Patrick and Massachusetts (Part 1)

Deval_Patrick(3).jpg

       Gov. Deval Patrick (D-MA)   (Public Domain)

Click here for Part 2

CNBC released their “America's Top States for Business” study for 2010. The Marxist, Statist, Communist, Anti-Business, Anti-Free Market, Pro-Terrorist, Anti-Freedom Commonwealth of Taxachusetts finished fifth. 

Yes, fifth. Apparently the private sector loves commies.

As has been reported earlier, Massachusetts is at the leading edge of economic recovery in the country; much of that can be attributed to Gov. Patrick's wise decision to not spend all the federal stimulus money at once.

Some of that money is still available even today, and will be for the future. The Governor took a political hit for it from the Howie Carrs for the world at the time; but what has happened since has been a recurring theme throughout Gov. Patrick's term in office.

Here's the theme, and how it goes down every time. Gov. Patrick makes a difficult decision that isn't popular with everyone. He gets slaughtered for it by right wingnut radio and the Boston Herald and Worcester Telegram and Gazette. Then, months later, after the smoke has cleared, we all see that the Governor made the right and proper decision, and there may be a three-sentence blurb about it in the Boston Globe.

According to experts, while the country-at-large is experiencing a relatively slow and steady recovery to the economic meltdown of 2008, Massachusetts is coming out of this recession faster and stronger than other states. This can be directly attributed to the leadership in the Corner Office, and proof that the Governor and his staff did, indeed, actually know what they were doing when they made decisions at the time.

Here are some indicators:

  • CNBC also announced on Wednesday that Massachusetts added 3,400 private-sector jobs in June; a total of 45,000 jobs added since December.
  • The Federal Reserve Bank of Philadelphia issued a report that indicated that the Massachusetts economy outperformed 48 other states in the last 3 months of 2009.
  • The Associated Industries of Massachusetts (AIM)'s Business Confidence Index has gone up for 14 out of the last 16 months, and consumer confidence in the Commonwealth is the highest it's been since before the recession.
  • Studies from The New England Economic Partnership (NEEP), Northeastern University, and the University of Massachusetts, show that the Massachusetts economy's recovery is "firmly on track."
  • All three independent rating agencies -- Fitch Ratings, Moody's Investors Services, and Standard & Poor's -- continue the Commonwealth's AA bond rating (which, if you recall, was in “junk bond” status for many years), and specifically mention the Patrick administration on their handling of the recession.

There's even better news, however; because according to Pre-Census reports, for the first time in twenty years, more people are moving into Massachusetts than moving out. That's huge.

Click here for Part 2 

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