Governor Deval Patrick blamed political gridlock in Washington and the so-called fiscal cliff as a “direct cause” of the economic slowdown that has tamped state tax collections and created a $500 million budget shortfall. But economists say other factors deserve more blame.
A weak national recovery and global economic slowdown have weighed on the Massachusetts economy since spring, they say. From April to June, before fiscal cliff references became ubiquitous, employers in the state said their payrolls grew at an annual rate of less than 1 percent, a significant downshift from the 4 percent rate of growth in hiring in the previous three months, according to the US Labor Department.
Comments
notice our fearless leader isn't mentioned in this article! Our great messiah: Obama! Who four years ago promised us the world and delivered nothing!!!! What does he do? Have another concert at the white house! Michelle take the air-force and go shopping in Europe!! He is a complete disaster ! I don't understand how stupid people can be! It boggles my mind!!!
My 14 y/o reminded me that he's busy fufilling a 2008 campaign pledge to keep the oceans from rising. Oh man, that kid cracks me up.
Maybe Governor Patrick can blame it on the earthquake in Japan - or I know it's the republican's fault.
He raised our sales tax 25%, has not even been in state most of the past year and is not very business friendly. He then wonders why the state isn't doing well?