Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

2.12.16

Clarendon County, SC, Historical Employment Data From 2009-2016

In late 2008, the US economy began to crash and the ‘Great Recession’ began. President Obama inherited a disastrous economy when he took office in 2009. The following are historical data on employment and unemployment figures for Clarendon County, South Carolina, during his administration from 2009-2016. SC Governor Nikki Haley played a key role in fostering job creation across the state during this difficult period. Statewide data is available at SC Works Online.

Year
Employed
Unemployment Rate
2009
10,840
15%
2010
11,937
14%
2011
11,661
14.5%
2012
11,566
12.8%
2013
11,636
10.3%
2014
11,870
8.3%
2015
12,062
7.8%
2016
12,423
5.9%

The economy and job market in Clarendon County and across the state of South Carolina is looking good. The state’s unemployment rate recently dropped below 5%. It is hoped that the trend will continue to improve as President-elect Donald Trump and Lt. Governor McMaster take over and guide our economy over the upcoming years.

It’s time to take a big breath and be thankful to everyone in the public and private sectors who have helped guide us through the Great Recession.

21.10.15

Revisiting 'Trickle Up' vs. 'Trickle Down' Economics

Editorial:  This is just a short blog I felt I had to write and put out there. I voted for President Reagan years ago because he was the best leader at the time to get the U.S. back on track. I'm an Independent voter and generally try to pick the candidates with long range vision that will be the best leaders for America.

 

President Reagan proved to be the leader we needed at that time in history, but one of the few ideas he pushed that I always had a problem with was his 'Trickle Down' economic approach which heavily favors the wealthy. It made little sense back then and still bothers me today. I prefer the 'Trickle Up' approach which places emphasis on building up the middle class. 

 

Let's all take a closer look at these two different approaches and let me know what you think. It's especially important as we go into the 2012 elections to think about this. Personally, I tend to favor the 'Trickle Up' approach versus the 'Trickle Down' approach.

  • 'Trickle Up' Theory - If you legislate to make the working class of citizens prosperous, their prosperity will find its way up and through every other class that rests on it. 
  • 'Trickle Down' Theory - Tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer members of society by improving the economy as a whole.

In upcoming elections, it appears that Republicans still seem to routinely embrace the 'Trickle Down' approach, while Democrats embrace the 'Trickle Up' approach. 

As you think about the American Dream and the Future of America, which approach actually make more sense to you?



Selected Articles

 

23.9.15

Selected Business & Economic News Articles (Aug - Sep 2015)


The following are headlines and links to selected SC Business & Economic News items from across the state posted on Twitter by the Summerton Weekly News over the past two months:


There were many other articles about upstate SC that were not included above. However, it's pretty much all positive news for South Carolina.