One Example: because of Crazy Climate Laws, gas is $1.50 a Gallon more at the pump in California
By Steve Moore
WASHINGTON, D.C. (Texas Insider Report) — We've well established in the HOTLINE over the last several years that high-tax Blue States have significantly higher unemployment than low-tax Red States.
But now get a load of this chart that we spotted on Zero Hedge yesterday. - Blue-State America is experiencing much higher inflation rates than Red States.
- Notice the leftwing west coast states and the northeast have the worst inflation problem.
Meanwhile, the lowest rate in the country - by a relatively wide margin at 1.4% - was in the West Southwest, including Arkansas, Louisiana, Oklahoma and Texas.
Why are prices rising faster in blue states?
We mentioned one example earlier this week: because of crazy climate laws, gas is $1.50 a gallon more at the pump in California than the average for the rest of the country.
Stephen Moore – a former Wall Street Journal Editorial Page writer and Chief Economist for The Texas Insider – is a Senior Fellow at both FreedomWorks and the Heritage Foundation. Along with Steve Forbes & Art Laffer, he is Co-Founder of the Committee to Unleash Prosperity. Using compelling charts, videos, and maybe even a little humor, Moore and the Committee's free Daily Newsletter provides information not readily available anywhere else – short and timely inside updates on the economy, the D.C. political landscape, and numerous other issues that help you stay informed and allow you to be the smartest person in the room.
