Klimesh s Corner: more good news about Iowa and the economy
By Mike Klimesh, Senator, District 28 Saturday, April 10, 2021 7:41 AM This week was the twelfth week of the legislative session. It included the next important legislative deadline of the year. In order to be considered for the rest of the year, policy bills needed to be out of their original chamber and through committee in the second chamber. In other words, we spent time this week looking at policy bills sent to us from the House.
We received more good news about Iowa and the economy. The Bureau of Economic Analysis reported Iowa’s economy grew faster in the last few months of 2020 than many of our neighboring states at 6.3%. This, along with one of the lowest unemployment rates in the country, is great news as Iowa recovers from the pandemic. It also demonstrates why pro-growth policies are important – they help grow our economy, open up jobs so people can work and ensure we are prep
WSJ
Apr 10, 2021 2:00 PM ET
The Bureau of Economic Analysis (BEA) recently published state personal income and GDP data for the fourth quarter and 2020 calendar year. Most states suffered a massive decline in GDP in 2020’s second quarter as governors followed the advice of public-health officials to shut down businesses to “flatten the curve.”
But the new data show that states that allowed businesses to reopen sooner, and maintained fewer restrictions for the rest of the year, recovered by year-end. Real GDP for private industries fell 1.3% nationally at an annual compounded rate between the first and fourth quarters, according to BEA.
Back in the day when Saturday Night Live was funny, Chevy Chase would open the Weekend Update segment by saying, I m Chevy Chase . and you re not.
That line came to mind over President Biden s massive tax-and-spend proposals, which are unlike anything since FDR, after whom Biden appears to be modeling himself. The president thinks he s a capitalist . but he s not.
In a very short time, we have regressed from Ronald Reagan s government is not the solution to our problem, government IS our problem and Bill Clinton s declaration that the era of big government is over to Biden s belief that the era of big government is just beginning.
Cal Thomas
Back in the day when “Saturday Night Live” was funny, Chevy Chase would open the “Weekend Update” segment by saying, “I’m Chevy Chase … and you’re not.”
That line came to mind over President Biden’s massive tax-and-spend proposals, which are unlike anything since FDR, after whom Biden appears to be modeling himself. The president thinks he’s a capitalist … but he’s not.
In a very short time, we have regressed from Ronald Reagan’s “government is not the solution to our problem, government IS our problem” and Bill Clinton’s declaration that “the era of big government is over” to Biden’s belief that the era of big government is just beginning.
American households seem to be net beneficiaries of pandemic: Greed and Fear
By IANS |
Published on
Fri, Apr 9 2021 22:27 IST |
1 Views
New Delhi/Hong Kong, April 9 : US households seem to be net financial beneficiaries of the Covid-19 pandemic, as per Christopher Wood of Jefferies Group.
In his latest Greed and Fear financial markets commentary, Wood says that US households had, prior to the latest Covid stimulus, lost $530 billion in income and received $1.35 trillion in transfers, based on data from the Bureau of Economic Analysis.
This is measured by comparing the average income and transfers over the 12 months to February 2021 with the pre-Covid level in February 2020.