Column: Realistic view of economy puts claims in perspective

You cannot blame Mike Pence for delivering an upbeat inaugural address. Let’s just hope he has a clear understanding of Indiana’s real economic circumstances.

Take a look at the contrast between 2011, the last year for which we have full data, and eight years earlier. This is not to say that the Daniels’ administration is responsible for the problems we face. No state administration is capable of offsetting the trends of the times.

In fact, it is best, from a purely political point of view, for governors not to raise economic expectations in areas where they are mostly powerless. For example, Gov. Mitch Daniels set a goal of raising Indiana’s per capita personal income closer to the national average.

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