What happened to all of the doom and gloom economic threads?

[Frisco_Slug_Esq]

California is also host to some of the nation's largest military installations. There are, in fact, 32 military bases in California, including Edwards AFB, Travis AFB, Vandenberg AFB, Camp Pendleton, the Presidio of Monterey, Fort Irwin, and the San Diego and Coronado naval bases, the largest naval installations on the west coast. By contrast, there are only 15 military installations in Texas.

California is also home to some of the largest aerospace and high-tech contractors in the nation. Rockwell International, Lockheed, and Northrop, major defense contractors, are all located in southern California.

What California lacks is the kind of political leadership that will attract new business. Economic growth in California -- one can hardly call it "growth" -- has been stagnant or worse over the past decade. In 2008-2009 GDP growth in the state was minus 2.2%. Along with a stagnant economy comes high unemployment. In June 2011, the states's unemployment rate stood at 11.8%. That same month the unemployment rate in Texas was 8.2%, well below the national average of 9.2%.

Over the past decade California's economy has been the mirror image of that of Texas. In April 2011, California ranked last among the 50 states in job creation. In one month alone, it lost more than 11,000 jobs. During that same time period, Texas led the country in job creation, as it has done for years.

Over the last decade Texas has also been the nation's top exporting state. Obama says he wants to double U.S. exports over the next five years. There is not much evidence that he is going to succeed. But in Texas, with exports increasing at 26.7%, exports are more than doubling every four years.

That's partly because many of California's entrepreneurial businesses have fled to Texas, where Austin has become a major center of high-tech industry. Other businesses, such as Comerica, have abandoned the high-tax states of the north and northeast. When Comerica relocated to Dallas, it left its name on Tiger stadium, but that's about all it left in Detroit.

As Governor of Texas, Rick Perry helped to create a tax and regulatory environment that would attract new business to the state and allow businesses already there to flourish. Passage of robust tort reform laws -- laws which Obama has done everything possible to defeat at the national level -- has attracted thousands of physicians and other professionals to Texas.

With its zero income tax, Texas has been attractive to both working adults and to retirees. Its regulatory policies have encouraged oil and gas drilling, including the use of hydraulic fracturing or "fracking" to remove previously untapped resources in the massive Barnett Shale and Eagle Glen fields.

The result of all this has been greater prosperity for everyone in the state. No, Mr. Axelrod, it was not just luck that brought about a decade of prosperity in the state of Texas. It was the leadership of Rick Perry and the passage of conservative tax and regulatory policies. It is no accident that Texas is in the catbird seat while California is in the dumpster.

Had Gov. Perry's policies of tax and regulatory reform been adopted ten years ago at the national level, and had they been maintained and expanded during the Obama administration, America as a whole would enjoy a similar level of economic growth and job creation. It's time to put Texas-style leadership to work in Washington. Maybe then we can look back ten years from now and find ourselves with a prosperous economy, with rising incomes, mounting exports, and jobs for all who want to work.

http://www.americanthinker.com/2011/08/obama_and_the_perry_miracle.html

 

[koalabear]

All that sounds nice, but did you know he ran over an armadillo on the way to church!

 

[busybody..]

WHAT

SHOOT HIM

SHOOT HIM NOW


DONT WAIT FOR NO FUCKING TRIAL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[busybody..]

Someone who has NEVER HAD A JOB, nor PRODUCED ANYTHING nor had to meet a PAYROLL,

DOESNT GET IT!



Obama’s 50% Tax Lesson from the Brits




Today’s Sunday Telegraph in London has an instructive article that all tax-and-spend Democrats—and that includes you, Mr. President—might find educational, if only they’d read it. It’s an interview with Britain’s equivalent of our Treasury Secretary (but evidently a far wiser chap than our actual Treasury Secretary, the feckless Timothy Geithner,) Chancellor of the Exchequer George Osborne. It’s highly relevant for our own moribund economy. The report begins:

The Chancellor said there was “not much point” in having taxes that raised little money and drove businesses out of Britain. He added that he did not see the levy, introduced under Labour, as a “lasting rate.”

His remarks in a radio interview echoed comments by Lord Lamont, the former Conservative chancellor, in an article for The Sunday Telegraph last month.

The peer branded taxes in Britain “too high and too uncompetitive” and said the 50% rate could probably be abolished “without any effect on revenue.”

Mr Osborne is under pressure to do more to encourage growth in the economy – a point he acknowledged in his interview yesterday. He told Radio 4′s Today programme: “Sadly growth in Britain is not what all of us would have hoped.”

Business leaders are among those calling for the 50p rate, which affects earnings over £150,000, to be abolished to encourage enterprise. Doing so, however, would potentially open up a serious split between the Conservatives and their Liberal Democrat coalition partners.

Sound familiar? One of the many points being made in Great Britain is that when even a high-earning individual pays 50% of his or her earnings to his government, he or she will often conclude that his or her work could be just as easily performed in another country, one in which it feels good to go to work everyday, knowing that one’s efforts will not be evenly split with the government for—you guessed it—”redistribution.” This is the reason that the article quotes “business leaders” as urging the abolition of the present 50% rate: “to encourage enterprise.” That’s British English for business.

Having barely worked in the private sector (a very short stay in a law firm whose services to corporate America he found incompatible with his politics of “sharing the wealth”) our president, and many of his Big Government allies in Congress are ignorant of the twin impacts of high taxation on high earners: (1) it drives the high earners out of the country to make their money elsewhere; but (2) even if they were all to stay right here, their high tax payments would barely make a noticeable dent in the overall tax revenues of the nation. So, the tax revenues would barely feel the difference, while the tax-payers would feel it so severely that they’d move offshore and take their businesses and their jobs elsewhere.

The Republicans who stood on the stage Thursday night and said that even if offered a legislative package that included $10 of spending cuts for every $1 of tax increases, they would all turn it down. One doesn’t have to agree with them to see that Chancellor Osborne has a point that’s directly applicable to the Democrats’ dreams of massively-funded federal government programs on the backs of those earning $250,000 and above. Even if such earners do not leave the country, as has taken place in Britain, they may choose to work at lower-paying jobs—say, $200,000—to avoid the penalty of losing a good part of what they earn for the privilege of supporting those who sit idly by, waiting for food stamps and welfare checks. I’m not referring to the temporarily unemployed who are doing all they possibly can to find new jobs after being laid off; I refer to those who live outside the world of work and plan to continue to do so.

As The Sunday Telegraph predicts, by challenging the 50% tax rate, “[d]oing so, however, would potentially open up a serious split between the Conservatives and their Liberal Democrat coalition partners.” Yes, that is one of the problems with making decisions that encourage business and hard work.

Unfortunately, our current president seeks to become a 21st century Robin Hood, without thinking through what his grand illusions will mean in reality. He might want to look across the ocean at the debate in England—oh, right—he doesn’t cotton to the Brits.

 

[trysail]

I go off into the wild for a while and I come back to discover this.


Never— in my wildest dreams— did I ever, ever..., even briefly consider the possibility that I'd live to see a 10-year Treasury bond priced to yield 2.25%.


It is utterly insane. Would you lend money to ANYBODY for 10 years to earn a maximum return of 2.25%? I sure as hell wouldn't. Inflation is already running 3.6% ( trailing 12-month rate as measured by the CPI). The odds of losing value from either higher interest rates or from inflation are extremely high. I cannot comprehend why anybody would buy that piece of paper. You're virtually guarantied to lose.


...and the 5-year Treasury priced to yield under 1 percent (0.96%, to be exact )? You have got to be kidding me! That's crazy. Somebody or something is really fucked up.


What the hell is going on around here? Greenspan was an idiot ( but, boy, the boneheads of the media sure crowned him as a saint while he was helping to lay the seeds of this fucking mess ). Bernanke is worse and should be sacked.

 

[trysail]

It must be something in the water!

Q: What's wrong with California?
A: Liberal economic illiteracy.

You just don't get it. It's not about who has more oil. Who is smarter. Who has the most movie stars or which state has the bigger swinging dick economy. All you have done for days now is run, run, run away from the facts.

You are in denial.

It's about facing up to the music. The irrefutable evidence is that the liberal economic policies that you so blindly champion have literally destroyed the biggest state economy in the country! And now, under Obama, the same liberal economic philosophy is killing the national economy.

Why can't you see that? Why don't care? Why aren't you interested in doing something to fix it?

Why can't you look at economic models that work and adopt at some insight into how real economic progress for all people is made?

The liberal economic model has failed.




http://online.wsj.com/article/SB10001424052748704570704576275051374356340.html?mod=googlenews_ws

☝​

★★★★★

 

[unregistered]

 

[RightField]

Welcome back. I hope you had a good time.

☝​

★★★★★

 

[trysail]

Welcome back. I hope you had a good time.

Thanks. An amazing week. Reading history is one thing; witnessing and living it is something else entirely.

http://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Gavia_immer_-Minocqua%2C_Wisconsin%2C_USA_-swimming-8.jpg/300px-Gavia_immer_-Minocqua%2C_Wisconsin%2C_USA_-swimming-8.jpg​

 

[busybody..]

http://2.bp.blogspot.com/-XEnVF4yB46c/TkXo8Jt-M8I/AAAAAAAAB5U/Y1V4l5Zz0bQ/s400/toon.htm

 

[busybody..]

Err, excuse me, POON and fellow LOONS

Before you go all nuke on Perry

be aware

That DNC shit stain, Debbie Wassershit Shitz today

claimed

OBAMA

WAS RESPONSIBLE FOR

ALL THE

JOBS CREATED

IN TEXAS

 

[busybody..]

Dual Intervention Needed: Norah O’Donnell & Debbie Wasserman Schultz Agonize Trying to Reconcile DNC Talking Points With Reality


Oh, and Obama is responsible for job creation in Texas, not Rick Perry.


http://weaselzippers.us/2011/08/14/...to-reconcile-dnc-talking-points-with-reality/

 

[unregistered]

 

[busybody..]

we all KNOW

the truth

DONT WE?

 

[busybody..]

New July survey shows 32% of co executives expect to cut jobs over next yr. Up frm 19% three months before.

 

[mercury14]

It must be something in the water!

Q: What's wrong with California?
A: Liberal economic illiteracy.

You just don't get it. It's not about who has more oil. Who is smarter. Who has the most movie stars or which state has the bigger swinging dick economy. All you have done for days now is run, run, run away from the facts.

You are in denial.

It's about facing up to the music. The irrefutable evidence is that the liberal economic policies that you so blindly champion have literally destroyed the biggest state economy in the country! And now, under Obama, the same liberal economic philosophy is killing the national economy.

Why can't you see that? Why don't care? Why aren't you interested in doing something to fix it?

Why can't you look at economic models that work and adopt at some insight into how real economic progress for all people is made?

The liberal economic model has failed.




http://online.wsj.com/article/SB10001424052748704570704576275051374356340.html?mod=googlenews_ws

Hey maybe if you type in giant letters and all caps it will make up for your paucity of evidence to back your point?

KINDERGARTEN PSYCHOLOGICALLY DESTROYS CHILDREN AND THEIR PARENTS!

When are you going to get around to proving this? Because your link from the Canadian Music Encyclopedia that didn't even talk about kindergarteners really wasn't the best proof.

It's about facing up to the music. The irrefutable evidence is that the liberal economic policies that you so blindly champion have literally destroyed the biggest state economy in the country!

Nope, you've proven that you're incapable of handling evidence. Much less "irrefutable" evidence. Maybe wake me when California is destroyed or goes bankrupt or something? Of course you don't know this because you shield yourself from facts, but Gov Brown cut state employee pay by 10%, cut billions out of medicaid and welfare, and has reduced the state's deficit to $9 billion from $18 billion.

Texas was looking at a $27.5 deficit (remember it's a much smaller economy), and through cutting education below state-mandated levels, cutting Medicaid reimbursement to doctors (which Republicans say is wrong when a dem does it), closing colleges, burning through half their rainy day fund, and deferring Medicaid cost to the next budget (aka hiding from them), they've gotten their deficit down to the size of Cali's (when you adjust for proportion).



http://money.cnn.com/2011/01/19/news/economy/texas_budget_deficit/index.htm

 

[busybody..]

Oh good

POON AGREES, Obama SUCKS!

Cause TODAY

OBAMA TOOK CREDIT FOR TEXAS ECONOMY!


Welcome aboard, POON!

You are juan of us!

 

[busybody..]

Hey Yo,

Lost in LooserVille

You aint doin such a good job

Defending yourself​

Need help

 

[koalabear]

Hey maybe if you type in giant letters and all caps it will make up for your paucity of evidence to back your point?




When are you going to get around to proving this? Because your link from the Canadian Music Encyclopedia that didn't even talk about kindergarteners really wasn't the best proof.




Nope, you've proven that you're incapable of handling evidence. Much less "irrefutable" evidence. Maybe wake me when California is destroyed or goes bankrupt or something? Of course you don't know this because you shield yourself from facts, but Gov Brown cut state employee pay by 10%, cut billions out of medicaid and welfare, and has reduced the state's deficit to $9 billion from $18 billion.

Texas was looking at a $27.5 deficit (remember it's a much smaller economy), and through cutting education below state-mandated levels, cutting Medicaid reimbursement to doctors (which Republicans say is wrong when a dem does it), closing colleges, burning through half their rainy day fund, and deferring Medicaid cost to the next budget (aka hiding from them), they've gotten their deficit down to the size of Cali's (when you adjust for proportion).



http://money.cnn.com/2011/01/19/news/economy/texas_budget_deficit/index.htm

A January link, do you ever use current facts, MORON.

 

[mercury14]

Gotta love how Republicans don't care to include rampant poverty in their evaluation of a state's health. Masses of poor people? Heaps of poverty even for people who have jobs? Children born into poverty who then get shafted with possibly the worst school system in the nation - before it was just cut another $5.1 billion?

Texas jobs don't provide healthcare?

Shhhh!!! Doesn't matter!

 

[busybody..]

A January link, do you ever use current facts, MORON.

Hence, POON

 

[koalabear]

Gotta love how Republicans don't care to include rampant poverty in their evaluation of a state's health. Masses of poor people? Heaps of poverty even for people who have jobs? Children born into poverty who then get shafted with possibly the worst school system in the nation - before it was just cut another $5.1 billion?

Shhhh!!! Doesn't matter!

Of course it doesn't, you are a MORON.

 

[mercury14]

A January link, do you ever use current facts, MORON.

Texas makes budgets every 2 years, dipshit. I'll follow up in January 2013 for you.

 

[busybody..]

http://money.cnn.com/2011/01/19/news/economy/texas_budget_deficit/index.htm

CNN???????????????

*points and laughs*

 

[koalabear]

Texas makes budgets every 2 years, dipshit. I'll follow up in January 2013 for you.

So everything is now as it was in January, MORON.