Obama's Illinois: Economic Disaster

The Chicago Tribune has another stinging editorial on Illinois' economic performance:

You haven't heard Illinois leaders confront a November warning from advisers to the legislature's economic think tank — the Commission on Government Forecasting and Accountability — that while half the states would recover from their job losses by mid-2013, "Illinois would not recover its peak employment level until 2014 or 2015." In the meantime, " … 10 states, including Illinois, are expected to suffer unemployment rates in excess of 9 percent."

An editorial well worth your time. You can't have a European style political economy without high unemployment.