https://www.politicsnc.com/the-failure-of-bergernomics/
One of the first warning signs that the NCGOP’s strategy would fail came in their first year of unified control. The state fell out of the top 10 in business climate according to CNBC. Our business climate would consistently rank lower under the McCrory-Berger-Moore trifecta than it had during the supposedly socialistic years of Democratic control. The reason: intolerance. Only when Governor Roy Cooper defeated McCrory and restored some semblance of pluralism to our political and social climate would companies become comfortable investing in our state.
The statistics, meanwhile, are sobering. Since Republicans took control of the General Assembly, GDP growth has fallen by roughly 50%. Republicans boast about cherry-picked statistics and rankings devised by right-wing lobby groups like the American Legislative Exchange Council, but the reality is that personal income growth in the state has badly lagged the national average. This is a stark reversal of the trend that prevailed during a century of Democratic rule, when the state steadily climbed toward the national median. To the extent we have experienced economic growth, the vast majority of it has been in urban areas that were already prospering before Republicans took control. Fifty-one counties, by contrast, are losing population.
Numerous individual companies have abjured investing in the state because of the policies Republicans have implemented. Toyota-Mazda adjudged the state’s workers too poorly trained to staff an auto plant. Amazon actually put Raleigh in its top three of finalists for the vaunted HQ2–but took a pass on us because of the legacy of HB2. What has happened with these blue-chip companies reflects what has happened to the state under the reign of Bergernomics: failure and decline.
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