RNC Chairwoman McDaniel: Here’s why Republican states lead the US economic recovery – Fox Business

Heritage Capital CIO Paul Schatz joined AmeriVet Securities Head of Rates Greg Faranello and Principal of The Fitz-Gerald Group Keith Fitz-Gerald arguing that no economy was created to have a 'ginormous safety net.'

While blue states languish in an economic slump, those led by Republicans are steadily rebounding. The data is clear: States with GOP leadership are showing stronger job recovery and lower unemployment.

According to July numbers from the U.S. Bureau of Labor Statistics, Republican governorshead16 of the top 20 states with thelowest unemployment rates. Likewise, 18 of these states have Republican-controlled legislatures.

On the other hand, states dominated by Democrats have shown little improvement. The 10 states with the highest unemployment rates are all led by Democrats.

The difference lies in policies. Most blue states continue to offer an extra $300 per week in supplemental benefits in addition to regular state unemployment benefits.This pandemic bonuswhich isnt set to expire untilSept. 6, 2021isdiscouraging people from looking for work.

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Americans are receiving about $630in weekly unemployment benefits. Thats more than $32,000 annuallyroughly double the nation's minimum wage. Its no wonder that as many as 1.8 million Americans have turned down jobs. Unemployment benefits are far more lucrative. Joe Biden and Democrats are incentivizing people not to work.

Oursmall businesses are bearing the brunt of these policies. Unfilled job openings are at arecord highand employers are struggling to fill open positions. Despite 63% of small businesses in aJuly surveysaying they were currently or trying to hire, 89% of this group said there are few or no "qualified job applicants."

On top of this, President Joe Bidens disastrous, inflationary economic policies are squandering the economic recovery he inherited. Our workers, families, and small businesses are now paying more for "just about everything."

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Rapidly rising prices for everyday goods have completelyswampedany wage growth, with paychecks actually shrinking last month after inflation is factored in.

Nonetheless, Biden and Democrats in Congress are still trying to slam the American people with more recklesstaxes and spending.

Meanwhile, at least25 Republican-led statesfrom Alaska to New Hampshire have announced they will no longer pay citizens to stay home.

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Arizona has gone one step further: Gov. Doug Duceyunveileda $2,000 back-to-work bonus for eligible individuals "with a goal of getting as many Arizonans as possible to rejoin the workforce by Labor Day." The state will also provide community college scholarships for adult education programs, childcare for returning workers, and housing assistance to combat homelessness.

Innovative solutions like these will help our country bounce back to its pre-pandemic status.

Disincentivizing work is un-American and will have lasting, long-term consequences. The stability of our economy and the vitality of our nation is at stake.

Thankfully, red states are leading the way to a robust recovery.

Ronna McDaniel is Chairwoman of the Republican National Committee. Follow her on Twitter @GOPChairwoman.

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RNC Chairwoman McDaniel: Here's why Republican states lead the US economic recovery - Fox Business