Capitol Hill Campis March 2016
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Transcript of Capitol Hill Campis March 2016
Getting Used to Life in the Slow Lane
Capital Hill CampusBruce Yandle
March 15, 2016
• Why Slow Gear?• The Geographic Imprint• Does Money Matter?• Regulatory Uncertainty
2000
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-4.0
-3.0
-2.0
-1.0
0.0
1.0
2.0
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5.0
U.S. Real GDP Growth from Preceding Year2000 - 2015
Growth from Preceding Year
Percent
U.S. Manufacturing and Services Index: 1/2009 – 1/2016
Does Money Matter?
Money & Velocity: 1Q2000 – 4Q2015
Quarterly Growth Rate
NASA. April – October, 2012.
The Geographic Imprint
Unemployment rates by state,2010 annual averages
(U.S. rate = 9.6 percent)
SOURCE: Bureau of Labor Statistics Local Area Unemployment Statistics
14.0% and over
12.0% to 13.9%
10.0% to 11.9%
8.0% to 9.9%
6.0% to 7.9%
4.0% to 5.9%
3.9% or below
According to Gallup, the “let’s get out of here” states are Illinois, where 50% wish to leave, Connecticut (49%), Maryland (47%), Nevada (43%), Rhode Island (42%), New Jersey (41%), New York (41%), Massachusetts (41%), Louisiana (40%) and Mississippi (39%). At the other end of the spectrum, Gallup found Montana (23%), Hawaii (23%), Maine (23%), Oregon (24%), New Hampshire (24%), Texas (24%), Colorado (25%), Minnesota (25%), South Dakota (26%) and Wyoming (27%).
U.S. Code of Federal Regulations
Why Command and Control?
Targeting Benefits with Regulation
Bootleggers & Baptists grease the rails