Spectacular failure of NC's austerity experiment attracts more national attention
If there were anything to the theory that cutting unemployment benefits encourages job search and somehow translates into higher employment even in a slump, harsh policies should work better at the state than at the national level. But there is no sign at all that North Carolina’s harshness has done anything except make the lives of the unemployed even more miserable.
I'm sure Mike Walden, Art Pope's pocket economist, will look at the data and feed McCrory's comeback fantasies with a bunch of happy talk. Real people know better.