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Stephen Moore to Newsmax TV: Blue State Losses Permanent

(Newsmax TV's "Saturday Report")

By    |   Saturday, 18 April 2020 10:55 AM

The Reopening of America Again is going to ultimately put pressure on larger, more densely populated blue states, which are at risk of outward migration of business and population, according to economist Stephen Moore on Newsmax TV.

"This is going to be very damaging to the longterm prospects of blue state America," Moore told "Saturday Report."

"These are economically powerful and important states. It's going to be hard for a national recovery if we don't get those big states like New York, and California, and Illinois up and running."

John Fund added to host Grant Stinchfield, "we're talking about a tale of two nations, red states and blue states, just to oversimplify."

"We're seeing restaurants shuttered up, and that means they're not just closed, that means they've gone out of business," Fund said of his state of New York. "Over time, if a lot of blue state governors refuse to make some concessions to political and economic reality, we're going to see political economic power shift further to the sun belt, shift more over to the states that have an open economy."

Moore pointed to a group of Wisconsin manufacturers he met with this week, which are struggling with the comprehensive restrictions imposed on them by Democratic Gov. Tony Evers.

"These manufacturers said to me, 'Look, if the Wisconsin governor is not going opening up our state, and Arizona is, guess what we're going to do? We're packing our bags, we're getting in our U-Haul, and we're moving to Arizona,'" Moore added to Stinchfield. "I think you're going to see a lot of that.

"That's the economic migration that John was talking about."

As red states have been hit with far less confirmed coronavirus cases and deaths, they are more apt to open sooner – making them not only more safe for people to live in, but also more profitable for works and businesses over the long haul, Moore said.

"It's certainly not going to start in New York; New York might be the last state to reopen, but you're going to see a lot of the red states open in the next few weeks," Moore concluded, pointing to the likes of Nebraska, Texas, Idaho, and Utah. "Over time that will put pressure on states like California and New York, and my home state of Illinois, to open.

"Every day that we open up the economy sooner, that means we will have a lot less carnage down the road, and it means that by, hopefully, late summer, early fall we can start to actually see a recovery."

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At risk of outward migration of business and population, the Reopening of America Again is going to ultimately put pressure on larger, more densely populated blue states, economist Stephen Moore told Newsmax TV on Saturday.
stephen moore, economist, pandemic, blue states, red states, migration
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2020-55-18
Saturday, 18 April 2020 10:55 AM
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