The Wall Street Journal is reporting that The South is struggling to retain its economic status after the 2008 recession… WSJ
- THE RISE: In the 1940s, per capita income in The South equaled 66.3% of the national average. By 2009, that had climbed to 88.9%
- THE FALL: Since 2009, the region recorded the country’s slowest growth in output and wages, the lowest labor-force participation rate and the highest unemployment rate.
- RURAL/URBAN DIVIDE: In the south, a third of the population lives in rural areas, compared with under 20% for the overall U.S.
NOT A COMPLETE DECLINE: The 88.9% per capita income of the national average did not drop down back in the ’60s. In 2017 it was 85.9%
FISCAL STABILITY: One thing left out of the discussion is the great fiscal footing The South is currently standing on. Most southern states are doing much better than their northern counterparts. When Warren Buffet warned business of setting up shop in fiscally irresponsible states he wasn’t talking about The South… Reason
IN OTHER NEWS
NEW CHAIRMAN: The North Carolina Republican Party elected a new chairman on Saturday. Delegates at the party’s convention chose Michael Whatley to replace Robin Hayes… WRAL
HEAVY RAIN: A chunk of North Carolina’s mountains and foothills are facing flash flooding that’s being blamed for three deaths… WRAL
DEAL OR NO DEAL
No tariffs with Mexico is a great start to the week…
President Donald Trump announced a deal with Mexico over the weekend, “Everyone very excited about the new deal with Mexico!” Twitter
- THE DEAL: Mexico agreed to increase enforcement to curb irregular migration, including the deployment of 6,000 troops from the newly created National Guard troops. throughout the country, with a focus on its southern border with Guatemala.
- A SCAM: NYT reports that The deal to avert tariffs that President Trump announced with great fanfare on Friday night consists largely of actions that Mexico had already promised to take in prior discussions with the United States over the past several months… NYT
- TRUMP SAYS NO: Another false report in the Failing @nytimes. We have been trying to get some of these Border Actions for a long time, as have other administrations, but were not able to get them, or get them in full, until our signed agreement with Mexico. Additionally, and for many years… Twitter
BOTTOM LINE: No tariffs are a good thing. Anything else happening is just a bonus. Whether or not any of this was already happening matters to Trump & Trump haters. The real winner is American consumers who now don’t have to pay taxes on anything coming in from Mexico. Winning!
IN OTHER NEWS
DAVID ORTIZ SHOT: Former Red Sox slugger David Ortiz was shot and injured in the Dominican Republic, according to reports that emerged Sunday evening… WaPo
HEALTHCARE FOR ILLEGALS: In a stance to distance itself from President Trump’s administration, California is set to become the first state in the country to pay for tens of thousands of illegal immigrants to have full health benefits… FN