Press Secretary Karine Jean-Pierre holds a press briefing, Thursday, February 2, 2023, in the James S. Brady Press Briefing Room at the White House. (Official White House Photo by Hannah Foslien)
Reports from what was formerly known as Twitter, and now is called X:
Following the Covid lockdowns, along with running up trillions of dollars in new debt, there is a welcome surge in the creation of new businesses. A study from Economic Innovation Group reports the remarkable surge in startups, especially in lightly governed parts of the country that rejected the stringent shutdowns so popular among blue-state politicians.
According to Daniel Newman, the study’s author:
Business application growth for the first half of this year continues to be strongest in the South, home to seven of the top 10 states with the largest increases since 2019… Much of the Mountain West also stands out for its above average performance.
James Freeman in the WSJ notes that this is yet another in a series of recent reports “showing the Covid-era shift in money, opportunity and economic dynamism away from the heavily taxed and regulated states run by shutdown enthusiasts and into states with more restrained governance.”
Bidenomics in Action
It’s essentially yet another rebuke of the Biden allies running places like California and New York with the heaviest of hands.
But now the lockdown cheerleaders of Team Biden are eager to claim credit for the red-state renaissance. At a Tuesday White House briefing press secretary Karine Jean-Pierre cited the Economic Innovation Group report and proclaimed:
And the American people are beginning to feel Bidenomics.
Jump out Front, and Call It a Parade
Unhappily for Bidenomics, divulges Mr. Freeman in “Best of the Web,” included in the study are handy maps showing where increases in new business applications have been especially robust essentially in the places in the country that vehemently rejected Biden”s Covid policy and the entire blue-state governance model for that matter.
Perhaps the fact that Mr. Biden wants to jump in front of this parade should be counted as progress.
How about Florida?
It’s well known that Florida Governor Ron DeSantis was among the earliest committed lockdown opponents:
Mr. DeSantis’s Covid strategy proved to be an economic boon. Between April 2020 and July 2022, 622,476 people moved to Florida from other states, including families who wanted children in school.
Employment in Florida has grown by 7.4% since January 2020 versus 2.5% in California and a 1.2% decline in New York.
The lockdown damage continues, but progressives can’t admit they were wrong.
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