Sunlit Water

December 16, 2009

Leading The Recovery

Filed under: Culture,Politics — by teofilo @ 5:24 pm

Albuquerque is one of the first cities to return to pre-recession output levels?  Sounds good, I guess, especially since I’m heading back there in a couple of days.  As for what the cities on the list have in common, just at a glance I’d say “high levels of federal spending per capita” probably accounts for Albuquerque, Virginia Beach, and DC.  That explanation probably wouldn’t work for Austin and McAllen, although it might for San Antonio, but Texas has a tendency to follow its own economic rhythm, which doesn’t necessarily correspond to the rest of the country.  A look at the maps on the MetroMonitor website suggests that Texas is doing considerably better than the country as a whole across a wide range of economic indicators.

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