On a recent visit to a state whose Republican governor rejected $700 million in federal stimulus funds, I got a sense of how deep the economic slide has been. Myrtle Beach, South Carolina, is a prime resort destination for families from New York and New Jersey to Ohio and North Carolina. But the unemployment rate in Horry County, home of Myrtle Beach, reached 14.3 per cent in February, with the state as a whole at 10.7 per cent, among the worst in the nation (where the average in February was 8.1 per cent).
Nevertheless South Carolina Governor Mark Sanford has said he will reject federal stimulus funds – to keep the government off our backs, of course. Now Republicans competing to succeed him are debating his decision.
Tourism is life on the Grand Strand, with its long, long beach lined with miles of high-rise timeshare condos and hotels and more than a hundred golf courses in the area. But for families coping with job loss, cancelling the summer vacation at the beach is one of the most obvious moves – which means economic disaster here.