View of Ky. economy varies among political leaders

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LOUISVILLE, Ky. (AP) — The condition of Kentucky’s economy depends largely on which political leader happens to offer the prognosis — and maybe which part of the state is being assessed.

Incoming Senate Majority Leader Mitch McConnell blames the Obama administration for hard times in his home state’s eastern coal fields.

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Democratic Gov. Steve Beshear, meanwhile, trumpets a state economy in recovery, pointing to shrinking unemployment and growing business investments.

Kentucky’s unemployment rate sank to 6 percent last November, down from an 8.1 percent rate in November 2013. A state economist says the last time Kentucky had such a big decline in joblessness, Ronald Reagan was a month away from winning his second presidential term in 1984.

McConnell says federal regulators have "created a depression in my state" by trying to eliminate coal-fired generation.

 

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