Bryan Jordan, chief economist for Nationwide Insurance, states that a big part of any state’s economy is mostly determined at the federal level not at the state level. For the most part, Ohio’s next governor will have little impact on Ohio's economy.
“Timing is everything,”said Greg Valliere, chief political strategist for the Potomac Research Group in Washington, D.C. “and I think the economy will improve in the next year. Whoever gets elected will get credit for that – whether he deserves it or not
Jordan believes the keys to boosting our economy are population growth, labor force participation and productivity increases. The first two are hard for Ohio since our population is aging and exiting the workforce. Rather than focusing on taxes, I think a better platform for Ohio’s governor candidates is how they will improve the labor force participation and job searching. These issues are much more in the governor’s control.
Ted Strickland is getting screwed because he has almost no control over the effects of the nation-wide recession on Ohio, and yet Kasich is scoring cheap political points by claiming that Strickland is responsible for the high unemployment that resulted from the recession. Most Ohioans are ignorant of the fact that a governor has little power over unemployment in a national economic crisis, and their ignorance is the reason Strickland will likely be voted out of office.
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