The Reagan Recession, 2008 style
Posted by Greg on May 24, 2009
Interesting review of the natural consequences of policies attractive to Reagan Democrats.
The reality is that the Reagan Democrats revolted against the very system that had protected and fostered them, and in two directions. The metro map here shows one direction: the raw slagging of unemployment in the Upper Mid-West, Coastal areas, and the Atlantic Coast south is clear. The other direction is seen, ironically, in a long belt of low unemployment that runs along the Great Plains. How is low unemployment a problem? In itself, it is not. However, these are areas where it is virtually impossible to be unemployed; and so rather than stay and remain unemployed (there being no government programs to keep them there) young people pour out of these empty stretches, which include parts of the North-East such as rural Maine. This youth drain is a deep political and social issue in these areas.