Tuesday, October 09, 2012

Rick Scott's Dubious A From the Cato Institute

The Cato Institute has given Gov. Rick Scott an A on their annual fiscal report card. The reasons they cite is that Scott's wants to eliminate the state's corporate tax and his layoffs of state employees. There are also budget cuts that have crippled the state's education system. The Cato Institute has called these pro-growth policies. The Buzz notes Scott hasn't created the kind of growth that would merit an A.

In the area of job growth, Florida is a middle-runner, ranking 25th in the nation over the last year, under Scott’s economic policies. Florida’s job creation rate is lower than the national average and long-term unemployment is worst in the nation.

Scott has also backed off of his 777 jobs promised. Scott promised to create 700,000 jobs in seven years. Scott went on the Bud Hedingger Live radio show and reneged on that promise.

"The bottom line is, I could argue that I don't have to create any jobs. I just have to make sure we don't lose jobs."

Wow.

Why then did the Cato Institute give Scott an A. It is because Scott will do everything in his power to make sure corporations pay no taxes in Florida. Silly rabbit, Cato isn't about libertarian ideology. The think tank is to make sure the rich get richer.

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