The Sunshine State
The Sunshine State is looking sunny for one presidential candidate, and it’s not Bush. This despite Florida’s modest (2.8% in 3 years) job growth:
If, as I’ve argued before, job losses hurt Bush (e.g., in Ohio and Pennsylvania) then why won’t job increases help him in Florida? In a nutshell, Florida’s working-age and overall population growth has outstripped job growth by far. It would be astounding for a state to add 1 million people, as Florida did, and not see some increase in jobs. Moreover, income growth is stagnant and seniors are not happy with talk about Social Security cuts and they’re not thrilled by the prescription drug plan either.
For the details and links, read the full Florida post at The American Street.