Friday, November 05, 2010

With 12% Unemployment, Dismal Property Values and Solo GOP Rule, Florida Ripe for New Depression

Florida Flag being flown in the position of distress
This was posted by Jim White at FireDogLake


If only the nation will pay attention, Florida has now become the perfect laboratory model for single-party Republican corporatist rule. When Alex Sink conceded to Rick Scott this morning, Republicans in Florida cemented a clean sweep of all statewide offices on the ballot. In addition, Republicans now hold over two thirds of the seats in both the Florida House and Florida Senate. Leading this merry band of corporatists will be Governor Rick Scott, who holds the distinction of having been CEO of the corporation that holds the record for the largest fine ever assessed ($1.7 billion) in settling Medicare fraud charges.

With unemployment in the state now at 12 percent and property values severely depressed from the burst property bubble, I see no way that a state without an income tax can withstand corporatist rule under these parameters without sliding into a New Depression.

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