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Economy Might Not Be A Big Issue In Iowa

From CNN’s Money.Com:

Iowa’s economy: Not issue No. 1?

By Charles Riley @CNNMoney
January 2, 2012

DES MOINES, Iowa (CNNMoney) — If there is one state where the economy might not be issue No. 1, it’s Iowa.

That’s because the first state to begin presidential candidate selection has emerged relatively unscathed from the housing bubble and financial crisis that wreaked havoc on other parts of the country.

Today, unemployment is relatively low. Farmland — and its edible bounty — are in high demand. Home prices are stable… Compared to those other early-voting states, Iowa’s economy is in good shape.

Only five states have lower unemployment than Iowa’s 5.7% rate. (New Hampshire, which holds its primary a week after Iowa’s caucus, is one of them.) Florida and South Carolina, for example, have rates near 10%, while Nevada sports a whopping 13% unemployment rate.

One key reason for Iowa’s relative success in recent years is a sharp increase in demand for agricultural products. Fueled by increased global demand, livestock prices have rebounded and farm incomes are on the rise.

As a consequence, farm and land prices have spiked. Since 2004, Iowa land values have increased by 93%, according to a report produced by Iowa’s Labor Market and Workforce Information Division.

Farmers are doing so well that capital investments are on the rise, a trend that bolsters in-state equipment manufacturers such as John Deere (DE, Fortune 500)

Even if Iowa’s economy is relatively good, candidates playing to a wider audience would be wise to keep harping on the economy.

According to a recent CNN/ORC International poll, the economy is the top concern for Americans, a trend that is unlikely to change before Election Day.

Fifty-seven percent of the nation says the economy is the most important issue facing the country now, with the deficit listed a distant second at 16%. To top of page

Besides, Iowans do not have a very good record on voting in these caucuses anyway.

After all, the last time around they picked Mike Huckabee.

This article was posted by Steve on Tuesday, January 3rd, 2012. Comments are currently closed.

3 Responses to “Economy Might Not Be A Big Issue In Iowa”

  1. tranquil.night says:

    “After all, the last time around they picked Mike Huckabee.”

    Snap.

  2. JohnMG says:

    How does that go………’figures don’t lie but liars figure’ comes to mind.

    I don’t know which one of the fifty-seven states this moron was in, but I’ve been through Iowa three times in the last eight weeks, and folks are far from pleased with the current state of affairs. As a resident of an adjoining state, with relatives who live there (Iowa), I feel I have a little insight.

    I’ll give a little credence to what Riley says, albeit with a few qualifiers. Corn prices are high as are beans and other row crops,, but so are the prices of meats and groceries. Diverting food crops into the making of fuel (less efficient fuel, that is government subsidized to boot) tends to do that. So does mandating the use of that less-efficient fuel raise transportation costs for those same commodities.

    Agriculture dominates the GDP of the state. Federal subsidies to bio-fuels and other ag subsidies disproportionally benefit those engaged in the business at the expense of more industrialized regions of the country and the entire tax paying population of the US. Farmland prices are stable because it is profitable to farm there. Try raising a crop in Detroit or Chicago. Not too many farms in Nevada either, but Harry Reid oversees the distribution of the (cash) cow there.

    Take away the subsidies and let the market regulate itself. Any thinking person would conclude that if you took the entire fiscal production Iowa and redistributed it over the other states you still couldn’t make the case for Obama’s policies. They happen to be somewhat insulated from a lot of the woes of other states in the region, but they don’t exist in a vacuum, and the residents all know it. Right now they are caught up in their quadrennial fifteen minutes of glory.

    It’ll soon be over.

  3. Astravogel says:

    A Georgia judge, as noted on WND news, has found that Ali Obama is not eligible
    to be on the Georgia primary ballot as he is not, by his own admission on the green
    Birth Certificate, a ‘natural-born’ citizen, as established in an 1875 Supreme Court
    decision. The Constitution requires a President to be a natural-born citizen, and he
    is only half of one, his father being a Kenyan. Perhaps this is the result of a judge
    really looking at the statutes. I’m not knowlegable enough to post the URL; perhaps
    someone else can.


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