Call it Revenge of the Plodders. For years, the slow-growing Kansas economy had its tail whipped by most states, particularly hotshots like Nevada, Arizona and Florida where home values were rising 20 and 30 percent a year. But in 2007, the tables turned with the collapse in many housing bubbles. The federal Bureau of Economic Analysis ranks Kansas the 10th fastest growing economy in the nation in 2007, with 2.8 percent real GDP growth. Nevada and Florida were in the bottom 10. Hah.
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Dan Voorhis: Now give us more information. Off the top of my head, I suspect the growth is in the following activities:
1) Airplane manufacturing in Wichita,
2) Continued growth of the corporate and regional headquarters in Johnson County,
3) Increased oil production due to higher prices per barrel,
4) Increased grain production for ethanol manufacturing,
5) Military base growth particularly Ft. Riley in Junction City,
6) More federal money coming to Kansas for various federally reimbused projects.
Unfortunately, most of these “growth” activities contribute to inflation and further increase our already enormous national debt.
So the ‘Tortoise and the Hare’ Story is true!