Gov. Steve Beshear expressed excitement and pride in a high national ranking that doesn’t hold up to much scrutiny.
“Kentucky is proud to finish as one of the top 10 in the nation for business expansion activity during 2008,” said Gov. Steve Beshear. “This ranking demonstrates that even through tough economic times, Kentucky can still be competitive in expanding our industrial base.”
Yeah, not quite. Site Selection Magazine explains on its own web site that the ranking is based on a count of “new or expanded capital projects the previous year.”
That means we did a lot of corporate welfare and road/infrastructure projects, mostly with borrowed money, nothing more.
A funny indicator that this list of 2008 big-government happy talking boosterism is just more silliness is the fact that a drawing of the governors racing their way to 2008 taxpayer-soaking paydirt is that Gov. Steve Beshear is shown here trailing current Illinois Gov. Pat Quinn, who didn’t ascend to his current office until 2009 after Rod Blagojevich, well, you know…