Who do you trust on the Economy?
The people in Ohio can't take another four years of Obama and his trickle down govenment handouts.
Economy America's Fastest-Dying
by Joshua Zumbrun Forbes.com -- Aug. 5. 2008
The turmoil of the mortgage market granted a temporary reprieve from hearing
about the woes of America's Rust Belt. That doesn't mean things are better.
Despite a decade of national prosperity, the former manufacturing backbone of
the U.S. is in rougher shape than ever, still searching for some way to replace
its long-stilled smokestacks.
Where's it worst? Ohio, according to our analysis, which racked up four of
the 10 cities on our list: Youngstown, Canton, Dayton and Cleveland. The
runner-up is Michigan, with two cities--Detroit and Flint--making the
In Pictures: America's Fastest-Dying Cities
(Youngstown-Warren-Boardman, Ohio-Penn., metropolitan statistical area)
Migration (since 2000): -28,435
Total population change: -32,260
These, and four other metropolitan statistical areas, as defined by the U.S.
Census Bureau, face fleeing populations, painful waves of unemployment and
barely growing economies. By our measure, they've struggled the worst of any
areas in the nation in the 21st century. And they face even bleaker futures.
(Many people in Ohio have moved to other states).
...Another brutal statistic all the cities share is a diminishing population. So
far this decade, 115,000 people have left Cleveland, for other climes. Smaller
changes in other regions can be just as painful. Nearly 30,000 people have left
Youngstown, Ohio, and they aren't being replaced by either new babies or new
Still, the cities we found to be struggling don't vary widely by age, and
this factor had little influence in the rankings. The oldest city in our top 10,
Scranton, Pa., had 45% of its population over 45; the youngest, Flint had 38%
The worst news is, of course, economic. When we looked at the most recent
gross domestic product estimates for 155 metropolitan statistical areas
estimated to have $10 billion or more GDP in 2005--economies about the size of
Asheville, N.C., or Tallahassee, Fla.--the news was predictably terrible for the
In the fall of 2007, the U.S. Bureau of Economic Analysis (BEA) published its
GDP estimates from 2001 to 2005. Nearly every city in the country grew during
this period (New Orleans, devastated from Hurricane Katrina, was the notable
exception), but the struggling cities on our list grew more sluggishly. None of
them grew more than 1.9% a year, versus a nationwide average of 2.7%. Canton,
Ohio, managed to grow its economy just 0.7% annually. Flint was worse still at