Though it’s nice to celebrate “turning the corner” in the housing market (as we cheerfully did yesterday), we’re not about to go as far as the mayor and declare a “full recovery” for the entire economy here.
Unemployment is still high, the housing market is still shaky, and there are a host of other lingering problems from the recent recession.
Still, we catch the mayor’s general drift. Check out the accompanying chart (click here to see it more clearly) about state credit ratings.
Massachusetts took a while to recover from the dot-com bust early last decade. But notice how it got bumped up last year to the second-highest type of credit rating, reflecting the state’s stronger and more diversified economy.
As for Illinois, well, it is Blago Land.