This is what happens when you elect socialists. - Tea Party Nation

This is what happens when you elect socialists. - Tea Party Nation

We all know insanity is trying the same thing over and over again and expecting a different result. Liberals are insane because time and time again, liberal economics fails. We have a great example of this.
Where?
In Obama’s home state of Illinois.
Illinois is like most other blue states. Economically it is a basket case. It is an absolute wreck. Illinois spends more than it takes in. Earlier this year, it had an eight billion dollar deficit.
So what did Illinois do? It raised its state income tax from 3% to 5%. That is a 66% increase. It also increased its corporate income tax from 4.8% to 7%.
It does not take a rocket scientist to figure out what happened next. Since the tax hike, Illinois has lost almost 100,000 jobs. In July, Illinois lost 24,900 jobs. That is what you call an economy in free fall.
Contrast Illinois with a couple of other states. Wisconsin elected conservatives in 2010 and they enacted business friendly legislation. Wisconsin added 9500 jobs n June, a month in which the entire nation only added 18,000 jobs.
If you want a real success story, look at Virginia.
Under Governor Bob McDowell, Virginia was facing budget problems. Instead of raising taxes, he cut spending. When he took over from Democrat Tim Kaine, Virginia had a $4.2 billion dollar deficit. Tim Kaine, in typical Democrat fashion, said the only way the budget deficit could be closed was with a massive $2 billion dollar tax hike on the citizens of Virginia. McDowell fought back an attempt to enact that $2 billion personal income tax increase.
The result?
Virginia has a $544 million surplus. Economically, Virginia is doing much better than Maryland, its neighbor to the north. Virginia has an unemployment rate of 6.1 percent, as opposed to the national rate of 9.1 percent.
Maryland is another state to take a look at. It is a solidly blue state with a socialist governor. Martin O’Malley presided over the largest increase in taxes in Maryland’s history, including the “millionaire’s tax” he championed. This was to close Maryland’s budget deficit. The millionaire’s tax that O’Malley championed was a 6.25% tax on their income. Since some cities in Maryland are able to impose city income taxes, the highest rate in Maryland can be 9.45%.
Of course, the liberals predicted Maryland Millionaires would gladly pony up their hard earned money.
Do you know what happens when you put socialists in charge of government? The “wealthy” disappear.
In 2008, the year before the “millionaire’s tax,” there were about 3,000 millionaire tax returns filed. The following year, there were only 2,000. In short, one third of the rich disappeared from Maryland. Certainly the bad economy knocked some out of the millionaire bracket, but a lot of them simply left Maryland for friendlier states, such as Tennessee, Texas and Florida, that do not tax personal income.
O’Malley’s policies have been such an abject failure that he is now proposing yet another tax increase. Meanwhile, in Maryland, the unemployment rate is over 7.2%.
If you look across the United States, the blue states are economic basket cases while the solidly red states are doing much better. There is a reason for that. Not only does socialism suck, it does not work.
If the National Republican Party had some sense, it would be advertising across the nation the great successes conservatives have had at the state level, cutting taxes, creating jobs and mitigating the damage from the Obama depression.
Let’s hope the Republican Party gets aggressive in promoting the successes of conservatism.
Conservatism works. The only way many people will find out is if we tell them.