Democratic and Anti-Business Are Becoming Synonymous

Democratic and ˜Anti-Business Are Becoming Synonymous

Forbes’s recently released list of “The Best States for Businesses and Careers” provides further evidence of the Democratic party’s striking erosion as a party of economic growth and prosperity.  Based on their votes in the most recent presidential election, all but three of Forbes’s top-10 states are Republican-leaning, while all but two of its bottom-10 states are Democratic-leaning. 

The top-10 states on Forbes’s list — Utah, Virginia, North Dakota, North Carolina, Colorado, Nebraska, Texas, Georgia, Oklahoma, and Iowa — voted for Mitt Romney by an average margin of 14 percentage points.  Meanwhile, the bottom-10 states on Forbes’s list — California, Wisconsin, New Mexico, Vermont, West Virginia, Mississippi, Michigan, Hawaii, Rhode Island, and Maine — voted for President Obama by an average margin of 13 points.  That’s a 27-point swing from Romney to Obama as we move from the top-10 states to the bottom-10 states.

Forbes rated the states based on six factors: “business costs,” “labor supply,” “regulatory environment,” “economic climate,” “growth prospects,” and “quality of life.”  Forbes rated 62 percent of Obama’s states as being below average and 63 percent of Romney’s states as being above average.  Obama won only 33 percent of Forbes’s top-15 states but 73 percent of its bottom-15 states.