NC Economy Continues Strong Showing in Economic Rankings

RALEIGH – Ever since the Republicans took over on Jones Street and embarked on journey of tax and regulatory reforms, the economy of the Old North State has been buoyed beyond its peers. While there is still plenty of government and taxes to do away with, North Carolina’s performance over the last several years is proof positive that the less government takes and dictates, the more prosperity its people will produce, invest, and enjoy.

Business Insider is out with an economic ranking of the 50 states, and North Carolina again lands in the top quarter of states overall, with even better results in specific categories.

“North Carolina’s average weekly wage growth rate of 5.3% between August 2017 and August 2018 was the fourth-highest in the country. The state’s Q1 2018 GDP growth rate of 2.1% was higher than the average rate among the 50 states and DC of 1.7%.”

With mere weeks before elections, Democrats will likely give credit for such accolades to Gov. Roy Cooper, no matter how little sense that actually makes. Under Cooper’s and the Democrats’ policies, the people of North Carolina would be inundated with taxes, spending, and collectivist policies. Make no mistake, such policies would stop the state’s progress in its tracks. It is only the Republican legislative majorities that guard against such Big Government burdens from the Left. We already deal with enough of those from the Right.

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Unfortunately, Hurricane Florence is sure to set the state back economically. The Left may subscribe to the Broken Window Fallacy, but we are under no illusions when it comes to the extensive costs and economic disruptions caused by a storm of this magnitude.

This is all the more reason for state lawmakers to continue on the trajectory toward lower taxes, less regulations, and less redistribution. The freer our people are, the freer they are to prosper. It should become the Carolina way.

 

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