Excerpt: Walker in recent speeches has been touting figures from the “Philly Fed,” claiming they show Wisconsin’s economy as No. 2 in the nation. WMC has been using the same number in a series of advertising buys, thanking Walker for putting the state on the road to prosperity.
But officials with the Philly Fed, who have been following the situation in Wisconsin, issued a statement Friday saying it’s a misreading of their "Coincident Indexes" to try and compare one state to another.
They say the index — which is comprised of several different economic statistics including housing starts, unemployment claims and wages — isn’t designed as a ranking. The Fed does not calculate a ranking based on the index and never has.
But the WMC wants you to watch them do their thing with Walker.
Transcript:
Have you read the news?
Wisconsin is creating jobs.
Lots of jobs. Hundreds of jobs. Thousands of jobs -- so many jobs that the Federal Reserve Bank now ranks Wisconsin in the top 2 states in the country for economic growth.
Governor Walker balanced the budget, lowered our taxes, and invested in worker training. And now, the Governor's reforms are working, and so are more people in Wisconsin.
Read all about it..
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