Unable to attempt to heed Steve Sailer's request for a testing of his theory (I only have the student version of SPSS which can't handle large quantities of data) that Republicans tend to do better than Democrats economically after controlling for education, I went at state data. There's not much in the way of red or blue states being disproportionately above or below the national trendline when either percentage of a state with a bachelor's degree or higher or the percentage of a state with a bachelor's degree or higher minus the percentage of the state with less than a high school diploma are compared to the standard of living (graph shows % with bachelor's or more on the x-axis, standard of living on the y-axis). Eyeballing a more detailed breakdown of educational attainment doesn't look promising either.
An odd 'discovery', though, is how strong the correlation between the percentage of a state with a bachelor's degree and the state's standard of living is. For both red and blue states, it's statistically significant. But the trends are in opposite directions. Bush states show a correlation of .61. Kerry states are -.50. Even without DC in the mix, the trend is still downward. Nationally, of course, there exists no statistically reliable relationship between education and the standard of living (as the two camps cancel one another out). Coincidence? Geography? Or is there some reason that red states benefit materially from an educated population while blue states just don't seem to?