Four out of the nation's FIVE POOREST counties in McConnell's Kentucky: new US Census report

Since 2000 the poorest Americans have only gotten poorer.

Census results are only beginning to be released, last week the results of the American Community Survey were revealed. The ACS details data such as languages spoken in a home and income levels. The data comes from surveys mailed to three million addresses from January 2005 to December 2009.

Southeastern Kentucky was home to four of the nation's poorest counties. The country's poorest county saw its median income drop $1,500 since 2000.

Read the full article: HuffingtonPost

The Four Kentucky Counties in order of their national ranking (poorest first)

1. Owsley County, KY
2. Lee County, KY
3. Breathitt Country, KY
5. Magoffin Country, KY

Poor education and poverty are ancient history in eastern Kentucky, home to four out of the five poorest counties in the United States.

You have to wonder how Mitch McConnell his Republicans explain the fact that 9 out of 10 of the ten poorest counties in the US are in red states. Does this confirm that conservative politics has a negative impact on overall prosperity? Stay tuned, we plan on looking into this in an upcoming related blog.

Read about how Jim Demint ally, Senator Mitch McConnell's Kentucky is home to four out of the five poorest counties in the US.

Investors Journal says McConnell's Kentucky is worst run state in the US

The online investment journal, 24/7 Wall St. has completed "one of the most comprehensive studies of state financial management ever performed by the mainstream media."

Their study ranked Kentucky worst out of the 50 states. 24/7 Wall St. claims their study is "based on evaluation principles used in the award-winning Best Run States In America ratings published by the Financial World Magazine during the 1990s."

Here is what they say:

50th. Kentucky
Debt per Capita: $8,899 (37th)
Unemployment Rate: 10% (38th)
Home Price Change (’06 – ’09): 6.1% (24th)
Median Household Income: $40,072 (41st)

Although Kentucky doesn’t place 50th in any one category, its overall poor scores secures its place as the worst-run state on our list. It is 43rd in GDP per capita, 47th in median household income, 47th in citizens with high school diplomas, and, at 18.6%, is 48th for percentage of the population below the poverty line. Kentucky also has an extremely weak S&P rating of AA-, supporting our assessment that it is the worst-run state in the country.

Read more: The Best and Worst Run States In America: A Survey of All Fifty - 24/7 Wall St. http://247wallst.com/2010/10/04/the-best-and-worst-run-states-in-america-a-survey-of-all-fifty/#ixzz17M3nVh8o

Basic business assumptions behind Kentucky's poor evaluation

The study assumes: "Well-run states have a great deal in common with well-run corporations. Books are kept balanced. Investment is prudent. Debt is sustainable. Innovation is prized. Workers are well-chosen and well-trained. Executives are picked based on merit and not “politics.”

While as a Senator Mitch McConnell is not involved with the management of the state he represents he does align himself with the leadership and largely conservative political values of Kentucky which have embraced low taxes,low wages,high debt, and minimal social spending which continue to fail Kentucky the way they fail many of the red states like Jim Demint's South Carolina for example.

For more information, please read the full article at:http://247wallst.com/2010/10/04/the-best-and-worst-run-states-in-america-a-survey-of-all-fifty/