{"id":275,"date":"2011-08-16T19:25:15","date_gmt":"2011-08-16T23:25:15","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=275"},"modified":"2011-08-16T19:25:15","modified_gmt":"2011-08-16T23:25:15","slug":"michael-barone-the-fall-of-the-midwest-economic-model-wsj-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/","title":{"rendered":"Michael Barone: The Fall of the Midwest Economic Model &#8211; WSJ.com"},"content":{"rendered":"<blockquote><p><span style=\"color:#008080;\">So what does the president have to offer the Midwest? The idea that the wave of the future is an ever-larger public sector financed by a more or less stagnant private sector looks increasingly absurd. The Midwest&#8217;s public sector has, as Margaret Thatcher put it, run on &#8220;other people&#8217;s money.&#8221; Meanwhile, Mr. Obama&#8217;s trip to the Midwest has been preceded by Texas Gov. Rick Perry&#8217;s foray into Waterloo, Iowa. Mr. Perry points out that his state, with low taxes and light regulation, has been producing nearly half of America&#8217;s new jobs.<\/span><\/p><\/blockquote>\n<p>via <a href=\"http:\/\/online.wsj.com\/article\/SB10001424053111903392904576509992605316426.html?mod=WSJ_hp_mostpop_read\">Michael Barone: The Fall of the Midwest Economic Model &#8211; WSJ.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So what does the president have to offer the Midwest? The idea that the wave of the future is an ever-larger public sector financed by a more or less stagnant private sector looks increasingly absurd. The Midwest&#8217;s public sector has, as Margaret Thatcher put it, run on &#8220;other people&#8217;s money.&#8221; Meanwhile, Mr. Obama&#8217;s trip to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Michael Barone: The Fall of the Midwest Economic Model &#8211; WSJ.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-275","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Michael Barone: The Fall of the Midwest Economic Model - WSJ.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michael Barone: The Fall of the Midwest Economic Model - WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"So what does the president have to offer the Midwest? The idea that the wave of the future is an ever-larger public sector financed by a more or less stagnant private sector looks increasingly absurd. The Midwest&#8217;s public sector has, as Margaret Thatcher put it, run on &#8220;other people&#8217;s money.&#8221; Meanwhile, Mr. Obama&#8217;s trip to &hellip; Continue reading &quot;Michael Barone: The Fall of the Midwest Economic Model &#8211; WSJ.com&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-16T23:25:15+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/16\\\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/16\\\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Michael Barone: The Fall of the Midwest Economic Model &#8211; WSJ.com\",\"datePublished\":\"2011-08-16T23:25:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/16\\\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\\\/\"},\"wordCount\":116,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"articleSection\":[\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/16\\\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/16\\\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/16\\\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\\\/\",\"name\":\"Michael Barone: The Fall of the Midwest Economic Model - WSJ.com - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2011-08-16T23:25:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/16\\\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/16\\\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/16\\\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Michael Barone: The Fall of the Midwest Economic Model &#8211; WSJ.com\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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The idea that the wave of the future is an ever-larger public sector financed by a more or less stagnant private sector looks increasingly absurd. The Midwest&#8217;s public sector has, as Margaret Thatcher put it, run on &#8220;other people&#8217;s money.&#8221; Meanwhile, Mr. Obama&#8217;s trip to &hellip; Continue reading \"Michael Barone: The Fall of the Midwest Economic Model &#8211; WSJ.com\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2011-08-16T23:25:15+00:00","author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Michael Barone: The Fall of the Midwest Economic Model &#8211; WSJ.com","datePublished":"2011-08-16T23:25:15+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/"},"wordCount":116,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"articleSection":["US &amp; Canada"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/","name":"Michael Barone: The Fall of the Midwest Economic Model - WSJ.com - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"datePublished":"2011-08-16T23:25:15+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/michael-barone-the-fall-of-the-midwest-economic-model-wsj-com\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Michael Barone: The Fall of the Midwest Economic Model &#8211; WSJ.com"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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China is in the midst of a crash program to build 36 million subsidized apartments by the end of 2015\u2014enough units to house\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4956,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/26\/u-k-stumbles-fueling-austerity-debate-wsj-com\/","url_meta":{"origin":275,"position":1},"title":"U.K. Stumbles, Fueling Austerity Debate &#8211; WSJ.com","author":"Colin Twiggs","date":"July 26, 2012","format":false,"excerpt":"More evidence that imposing fiscal austerity while the private sector is deleveraging will aggravate rather than cure the problem. From WSJ.com: The [UK] economy shrank 0.7% between April and June, dragged down by weakness in the construction industry, according to official data released Wednesday. An extra day's holiday in June\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3576,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/23\/new-push-for-reform-in-china-wsj-com\/","url_meta":{"origin":275,"position":2},"title":"New Push for Reform in China &#8211; WSJ.com","author":"ColinTwiggs","date":"February 23, 2012","format":false,"excerpt":"An exclusive preview of an economic report on China, prepared by the World Bank and government insiders considered to have the ear of the nation's leaders, offers a surprising prescription: China could face an economic crisis unless it implements deep reforms, including scaling back its vast state-owned enterprises and making\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":782,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/13\/chinas-lessons-from-mexico-and-japan-wsj-com\/","url_meta":{"origin":275,"position":3},"title":"China&#8217;s Lessons From Mexico and Japan &#8211; WSJ.com","author":"ColinTwiggs","date":"September 13, 2011","format":false,"excerpt":"China might have more to worry about. Wages in the low-skill manufacturing sector are rising fast. On their current trajectory, they will double in the next five years. Low-skill jobs have already started to migrate elsewhere and will continue to do so. 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The move hit five of the six biggest U.S. banks by assets, including Morgan\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=275"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/275\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}