{"id":2222,"date":"2008-03-06T05:50:40","date_gmt":"2008-03-06T10:50:40","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=2222"},"modified":"2008-03-06T05:50:40","modified_gmt":"2008-03-06T10:50:40","slug":"minmon-will-be-despondent","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=2222","title":{"rendered":"MinMon Will Be Despondent"},"content":{"rendered":"<p>King notes <a href=\"http:\/\/www.scsuscholars.com\/\">the state&#8217;s economy might not be nearly as bad<\/a>\u00a0as the Tics need it to be:<\/p>\n<blockquote><p>When state economist Tom Stinson <a href=\"http:\/\/www.scsuscholars.com\/2008\/01\/is-minnesota-in-recession.html\">first came forward<\/a> to say the state was in a recession, he was quoted as saying<\/p>\n<blockquote><p>&#8220;We should normally add somewhere around 23,000 jobs or a little bit more just to keep up with labor market growth,&#8221; Stinson said. Instead, the year-over-year job total fell by 700.<\/p><\/blockquote>\n<p>Last week <a href=\"http:\/\/www.deed.state.mn.us\/news\/release\/2008\/lm27Feb08wf.htm\">DEED reported<\/a> a revision of the number of jobs in Minnesota to a gain of 15,300 from January 2007 to January 2008. Most of these jobs came from revision of the previous data. This isn&#8217;t booming growth by any stretch of the imagination, but it puts Minnesota quite close to the national average. I wonder if that revision makes him a little less certain of his recession forecast. It would for me. The revisions in the St. Cloud data are equally profound.<\/p><\/blockquote>\n<p>Pop\u00a0 your Xanax, lefties.<\/p>\n<p>If I&#8217;ve noticed anything in 30 years of watching economies (as a participant, not an academic), it&#8217;s that if the &#8220;experts&#8221; are saying we might be in a recession, it&#8217;s already well underway and bottoming out.\u00a0 If they say we might be growing, the boom has been going on for months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>King notes the state&#8217;s economy might not be nearly as bad\u00a0as the Tics need it to be: When state economist Tom Stinson first came forward to say the state was in a recession, he was quoted as saying &#8220;We should normally add somewhere around 23,000 jobs or a little bit more just to keep up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,35],"tags":[],"class_list":["post-2222","post","type-post","status-publish","format-standard","hentry","category-minnesota-politics","category-money"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/2222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2222"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/2222\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2222"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}