We’ve well established in the HOTLINE over the last several years that high-tax blue states have significantly higher unemployment than low-tax red states.
But now get a load of this chart that we spotted on Zero Hedge yesterday. Blue-state America is experiencing much higher inflation rates than red states. Notice the leftwing west coast states and the northeast have the worst inflation problem.
The Mid-Atlantic states along with New England states recorded inflation at 2.8% in May.
Meanwhile, the lowest rate in the country – by a relatively wide margin at 1.4% – was in the West Southwest, including Arkansas, Louisiana, Oklahoma and Texas.
Why are prices rising faster in blue states? We mentioned one example yesterday: because of crazy climate laws, gas is $1.50 a gallon more at the pump in California than the average for the rest of the country.