Wisconsin ranks last of all the states for new business start-up activity, according to a major survey released June 5.
Milwaukee fared little better, coming in 39th among the nation’s 40 largest metropolitan areas.
The Kauffman Index of Entrepreneurship is the first and largest study tracking entrepreneurship across city, state and national levels for the United States. Produced by the Ewing Marion Kauffman Foundation, the index is one of the world’s most respected and cited entrepreneurship indicators in the nation.When Walker became governor of Wisconsin in 2011, he presided over $2 billion in tax cuts, which, like all Republican politicians who endorse the magical effects of supply-side economics, he assured everyone, would lead to an explosion of economic growth. Sadly for Walker, things didn't pan out that way.
Back in 2010, Walker claimed that his freedom loving policies would create 250,000 jobs by the end of this first term. Turns out Walker fell short by 120,000.
Walker, like nearly all Republicans, believed tax cuts for the wealthy would result in increased revenues. Not only did said tax cuts not increase revenue, the state currently faces a $238 million shortfall.
And now, Walker's failed on yet another metric. Quite spectacularly, I might add. By being dead last in new start ups, that means that even high tax hellholes like California, Minnesota and New York (and really, every other Democratic state) are doing better, despite their job killing policies. How is such a thing even possible?
So Walker may have wrecked his state's economy, but on the plus side, he plans on making it harder for women to have abortions, so there's that, at least.