Dying Fast in Ohio
Thursday, August 7th, 2008 By Marc KilmerWhat state is declining fastest, according to Forbes?
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 ranking.
But don’t worry, state leaders are taking care of pressing issues, like banning payday lending. Of course, they did pass an “economic stimulus” bill that spreads around money to politically-popular projects and saddles future generations with debt. Too bad they aren’t doing something to actually address the state’s problems, like reducing Ohio’s increasing tax burden on individuals and businesses.
Tags: Economy, Prosperity, Stimulus plan
