The Bifurcated Economy

Tuesday, November 14, 2006 | 06:23 AM

How important was the economy to the election? According to exit polling data, it was the top issue, polling higher than Iraq, Terrorism, or Corruption.

On the day before the election, we noted that It was Still the Economy, Stupid. In an article Sunday, the NYTimes took a similar approach in Maybe You Did Vote Your Pocketbook:

"To paraphrase a Clinton-era mantra, it really might have been the economy, stupid. More than 80 percent of voters in an exit poll, conducted for The Associated Press and television networks by Edison Media Research/Mitofsky International, said the economy was a very important or extremely important issue. That percentage was the highest for any issue, including Iraq and terrorism.

Furthermore, electoral data and government economic statistics suggest that the economy played a role in the outcome: if your state wasn’t among the best economic performers in the last six years, judged by the growth of personal income, it appears that you were three times as likely to vote to throw the bums out."

In the past, we have discussed the Middle Class Squeeze, and the increasing chasm between the top 10% of earners and everyone else.

It turns out that this schism (to a lesser degree) is also reflected geographically. This lumpy economic recovery is being felt differently in different parts of the Nation. Personal Income gains in particular can have varied dramatically from State to State. Some parts of the country have enjoyed decent wage gains, while many others have not.

What was the the political impact to this uneven growth this election cycle? The faster your state's personal income rose over the past 6 years, the more likely you were to elect incumbent GOP representatives:

>
click for larger chart

Vote_pocketbook

graphic courtesy of NYTimes
>


>

Source:
Maybe You Did Vote Your Pocketbook
DANIEL ALTMAN
NYTimes, November 12, 2006
http://www.nytimes.com/2006/11/12/business/yourmoney/12view.html

Tuesday, November 14, 2006 | 06:23 AM | Permalink | Comments (18) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d834c84f3b53ef

Listed below are links to weblogs that reference The Bifurcated Economy:

Comments

PPI...yowsers...disinflation?!

BR is gonna have a field day with this one.

Posted by: Michael C. | Nov 14, 2006 8:37:32 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner