California’s Dismal Economic Future Never Made More Clear – Reason #878 for a State of Jefferson

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24 Responses to California’s Dismal Economic Future Never Made More Clear – Reason #878 for a State of Jefferson

  1. Pie Guevara says:

    Thank you Post Scripts.

  2. Tina says:

    We can hope that we’ve hit bottom…or…we can get behind the JEFFERSON project!

  3. Libby says:

    Laffer? … of the debunked Laffer Curve, and supply-side economics?

    Honestly, people … you live in a dream world.

  4. Harold says:

    This coming June 10th is the final Supervisors meeting in Oroville regarding a ballot measure for the State of Jefferson.

    Please if you can be there to show support. This gathering is for the sole purpose of gaining the support of undecided Supervisors, and getting the right to vote on this in a upcoming election, a couple of Supervisors still need to see the support from the people on this, and being present will show them the people want the right to vote for a State of Jefferson ballot measure on a upcoming ballot.

    This will be the meeting where they decide.

    So if you can make any meeting this would be the one!

  5. Tina says:

    Libby he’s only “debunked” in the ignorant world you occupy where Obama’s economic policy has been just fabulous!

    In other word’s, a fantasy world filled with liars, deceivers, tyrants, and thieves.

  6. Pie Guevara says:

    El Stupido (aka Epic Fail Boy) strikes again! This side show cretin never fails to amuse.

  7. Tina says:

    The real world under Bush had an average unemployment rate well below the current rate.

    We never had to extend unemployment benefits under Bush.

    Millions of people didn’t give up looking for work under Bush.

    Debt to GDP ratio never exceeded 74.1% under Bush and that was when Democrats had control of the House where spending bills are (usually) written. His debt to GDP was more consistently in the 64% range. In contrast Barack Obama’s first four year debt to GDP was in the 86.4% to 98.7% range.

    Even Daily Kos reports that income inequality has grown “much faster” under Barack Obama than George Bush. Obamas policies favor the 1% too according to Daily Kos.

    Median household income in 2007 was $50,233. In 2000, median household income was $50,557 (in 2007 dollars), a slight decrease of $324 in real income as measured by Census.

    In 2008, the year Obama was elected, real median household income in the United States was $53,644 according to the Census Bureau. In 2012, the last full year of Obama’s first term, median household income was $51,017.

    In 2008, according to the Census Bureau, there were approximately 39,829,000 people living in poverty in this country. In 2012, there were 46,496,000. That is an increase of approximately 6,667,000

    How about gas prices…When Bush entered office in January 2001, the price was $1.47 per gallon. (It peaked in Bush’s first term at $2.02, in October 2004.) Under President Obama, prices have not fallen below $2.05 per gallon since April 2009. It’s been over $4.00 at times and as high as $5.79 in Florida and LA.

    Under Obama, 14.7 million more Americans began using the food-stamp program than had been using it under Bush.

    Consumer prices are up under Obama (inflation the left insists isn’t happening) It costs more to be an American in 2012 than it did in 2008 by many key measures.

    Prices for health care-related goods and services, higher education and food have all jumped under Obama.

    Denial is a river in Egypt. The refusal to admit that the economic policies of the left don’t work is a product of narcissism. They simply can’t be wrong because they are smarter…just ask them!

    We at Post Scripts warned that all of this bad economic news would happen if Obama was elected…sadly we must endure 3 more years with the man with a phone and a pen.

  8. Tina says:

    More reality here:

    …142 years of world dominance erased in only six years under one man’s leadership…

    Under Obama, for the first time in history our middle class isn’t #1 in the world. Canada’s middle class is now number one. And the entire rest of the world is catching up fast. Soon we’ll be #10, then #20. How low can we go?

    The same thing is happening to entrepreneurs and small business. For the first time in history businesses in America are being destroyed faster than they are starting. Amazing.

    – Under Obama there are now more food stamp recipients than the number of women working full-time in America.

    – Under Obama the average full-time male employee now earns less (adjusted for inflation) than 40 years ago.

    – Under Obama there are now 70% more Americans collecting entitlement checks than working in the private sector (148 million “takers” vs. 86 million “makers”). This isn’t a conservative opinion. It’s a fact provided by the U.S. Census Bureau.

    – Under Obama the number of working-age Americans not in the labor force is at all-time highs.

    – Under Obama the workplace participation rate of men is the lowest in history.

    – Under Obama the workforce participation rate of women is the lowest on record.

    – Under Obama the workforce participation rate for black Americans is at the lowest level ever recorded.

    – Over 800,000 people dropped out of the workforce last month. That’s almost one million Americans who have given up…in a month.

  9. Pie Guevara says:

    Re #8 Tina : Even Daily Kos reports that income inequality has grown “much faster” under Barack Obama than George Bush.

    Tina citing The Daily Kos, will wonders never cease?

  10. Pie Guevara says:

    Re #9 Tina :

    Now, now, now Tina! Please dear, calm down. You cannot place the blame entirely at Obama’s feet. It took the entire Democratic Party.

  11. Chris says:

    “Under Obama, for the first time in history our middle class isn’t #1 in the world. Canada’s middle class is now number one.”

    So…shouldn’t we be doing what Canada is doing if we want our middle class to be number 1 again?

    I hear they have a pretty generous welfare state.

  12. Tina says:

    Chris: “So…shouldn’t we be doing what Canada is doing…”

    Wishing and hoping, and planning and dreaming…YES WE SHOULD!

    Have you not heard? Canada moved right:

    Economic Action Plan 2014

    February 13, 2014

    In a fragile economy, Canada’s Conservatives have provided strong, stable leadership.

    Since our first Economic Action Plan, Canada has built the strongest economy in the G7.

    We’ve created over one million jobs since the recession, lowered taxes for families, and we’re on track to balance the budget.

    America, meanwhile, has been badly crippled by Obama’s poor economic leadership.

  13. Tina says:

    Pie I aim to please; I’ll quote anyone if what he is saying makes sense! 😉

    You are right about the Democrats being co-equals with Obama…they’ve been working on this for seventy years at least.

    It isn’t fair to just blame Obama for all this misery. The new breed sixties generation of radicals and spawn have really outdone themselves this time…and they were so sure they were going to prove once and for all that Laffer and Reagan were wrong.

    Tough beans!

  14. Libby says:

    No, Tina. Canada has not abandoned its national health service, established in 1984, which has for 30 years laid the economic foundation for a thriving middle class … in the midst of a global recession, yet!

    We’ve been playing “supply side” for those 30 years (and thereby spawning said recession).

    The ACA is our first step back into the light and in 30 years maybe we’ll have caught up to Canada.

    And if you’re embarrassed, you should be.

  15. Tina says:

    I get it now Libby. As long as you don’t actually keep up with the news on a regular basis you can pretend that Canada was never affected by the high cost of their healthcare or high taxes. That way it’s always a happy ever after ending of utopian fantasy.

    Incredible!

    As I have indicated in many posts the idiocy of progressivism is that it has no respect for business. Canada has a better shot at funding its broken healthcare system (Works for people who don’t need it much) because it has better economic policy than we have had for the last five years. Economy Watch:

    …Canada has also adopted a market oriented economic system…unlike the US or most other advanced economies, Canada’s primary sector, namely the logging and oil industries, remains an important element to the economy. Canada’s manufacturing industry is also highly valued by the economy – the automobile industry for example attracts major investments from US and Japanese automobile companies with multiple manufacturing plants set up in Canada.

    Canada’s economy also distinguishes itself from the US, whereby it is a net exporter of commodities while the US is a net importer. Furthermore, the Canadian banking industry is considered to be fairly conservative compared to that of the US.

    The country it depends on so much has fallen behind it under the leadership of Obama.

  16. Tina says:

    Looks like we finally reduced Dewey to total denial….epic…EPIC fail!

  17. Pie Guevara says:

    I always appreciate it when El Stupido announces who is delusional.

  18. Chris says:

    A Canadian conservative is basically an American socialist. Here are some of the specifics from their economic action plan:

    “Supporting Jobs and Growth

    Under the strong, stable leadership of Stephen Harper, Canada has added over one million jobs since the recession.

    Economic Action Plan 2014 is a plan to create more jobs and grow the economy by:

    Implementing the Canada Job Grant and Job Matching Service to help connect Canadians with available jobs.
    Introducing a new Canada Apprentice Loan to help registered apprentices in Red Seal trades with the cost of training.
    Investing to reform the on-reserve education system, in partnership with First Nations, through the First Nations Control of First Nations Education Act.
    Investing in programs to help older workers and persons with disabilities access the labour market.
    Creating thousands of new paid internships for young Canadians entering the job market.
    Making a major investment of $500 million in automotive sector support and investments in Canada’s forestry and mining sectors, and much more.
    Providing $1.5 billion over the next decade for the Canada First Research Excellence Fund for post-secondary education.

    Supporting Families and Communities

    Canada’s Conservatives have supported families and communities by cutting taxes, putting consumers first, and protecting the services Canadians count on.

    Economic Action Plan 2014 continues our strong record on supporting families by:

    Standing up for consumers by encouraging competition and lower prices in the telecommunications market and introducing legislation to prohibit cross-border price discrimination.
    Eliminating the practice of pay-to-pay billing.
    Increasing the Adoption Expense Tax Credit to help make adoption more affordable for Canadian families.
    Expanding tax relief for health care by exempting acupuncturists’ and naturopathic doctors’ professional services from the GST/HST.
    Strengthening food safety for Canadian families with major new investments of $390 million.
    Investing more than $300 million to bring faster broadband internet to rural and Northern Canada.
    Protecting Canadians from the impact of natural disasters with $200 million to establish a National Disaster Mitigation Program.
    Creating a new Search and Rescue Volunteers Tax Credit, to recognize the important role played by search and rescue volunteers who put themselves at risk while contributing to the safety and security of Canadians.
    Expanding the Funeral and Burial Program so modern day veterans have access to a dignified funeral and burial.”

    Sounds like Canada has been investing in their citizens and strengthening protections for workers, even interns, while in America conservatives still see citizens as potential parasites rather than investments, and workers as people who should be grateful for whatever they get.

    Their minimum wage is also about $10 an hour.

    “Canada has a better shot at funding its broken healthcare system (Works for people who don’t need it much) because it has better economic policy than we have had for the last five years.”

    So, are you saying that you would accept universal healthcare in America if other fixes to economic policy were made first?

  19. Tina says:

    Tax Foundation:

    On January 1st, Canada’s federal corporate tax rate automatically fell to 15 percent from 16.5 percent as the last installment of a series of corporate rate cuts launched in 2006 by the administration of Prime Minister Stephen Harper. When Harper initiated his campaign, Canada’s overall corporate tax rate was 33.9 percent according to the OECD, third-lowest in the G-7. The federal corporate rate was 22 percent and the average provincial rate was 11.8 percent. Today, Canada now has an overall corporate tax rate of 25 percent, the lowest rate of the G-7 nations.

    Canada can afford the government spending…their citizens have JOBS and their economy produces abundance!

    But your arguments are stupid anyway because America already does much, if not all, of what you seem to be offering as a roadmap to our prosperity. We have programs, both private and governmental, at federal and state and local levels…we don’t need MORE:

    American Jobs Center

    Department of Labor – Training

    ETA News – $58 million Grants Avalable

    GSA – Native American Employment and Training

    American training Inc

    Scholarship Programs

    The reason Canada is outperforming the US, the reason Canadians have jobs, is because they have a competitive tax rate for business and they DO NOT have a war on oil and coal!

    would I support universal healthcare? Absolutely not! We have seen what the government can do administering health insurance and veterans healthcare…THEY WASTE MONEY AND SERVICES ARE CRAP! (Just like Canada’s broken healthcare system)

  20. Tina says:

    Dewey: “Kansas… He cut the taxes on the rich and raised them on the poor! Holy Cow how did that State Budget deficit happen and where are the Jobs?”

    Daily Caller:

    Kansas previously had the second highest tax rates in the region, but now the state has adjusted income taxes from 6.45 percent to 4.8 percent ,with a statutory down to 3.9 percent in 2018.

    In the future, taxes will move to zero on LLC past income. With 75 percent of Kansans working for themselves or for somebody with 10 or fewer employees, Brownback said “the best environment for small business in America is in Kansas.”

    According to CATO, the governor “increased the standard deduction, reduced the taxation of small business income, and repealed numerous special-interest tax breaks. The cuts are expected to save Kansas taxpayers about $800 million a year.”

    Lefties are screaming like stuck pigs, of course. Can’t let people keep their money and spend it as they see fit and in ways that make sense for their own budgets!

    Bizjournals.com:

    The Kansas unemployment rate declined slightly in January, even as the state’s work force grew larger, according to a seasonally adjusted report from the U.S. Bureau of Labor Statistics.

    The report says Kansas had a 4.8-percent unemployment rate in January, down from a rate of 4.9 percent in December and from 5.6 percent in January of 2013.

    Dewey you are full of it. Conservative governors like Brownback are the only reason Obama’s unemployment number has declined. Blue states, like California, continue to have high unemployment rates. California’s rate is still around 8% and in some areas a rate of 15% persists with minority unemployment even higher:

    California now has 1.5 million unemployed residents, or 245,000 less than a year ago. The labor force, which does not include people who have stopped looking for work, has stayed about 18.6 million in that period.

    Across the nation Obamacare, federal tax policy, the war on oil and coal, and inflation of prices for food consumer goods are killing jobs prospects and personal budgets for a lot of people. In fact since Obama was elected only the very rich have been doing well.

    Government spending by liberals marches on to knew heights at the federal level and in every blue state.

  21. Tina says:

    Dewey your chart is old. It also awards all of the responsibility for the debt to presidents when we know it is our legislators who come up with big the spending ideas. The social programs that have added most to the debt are the unsustainable Social Security and Medicare programs. Reforms to make these programs fiscally sound are always blocked by Democrats in Congress.

    A more complete chart is here.

    Bill Clinton’s good record can be attributed to Newt Gingrich and his historical Republican majority…it was so popular Bill Clinton declared the era of big government over.

    An updated debt chart here shows what has happened in the Obama era.

    As with other presidents much of the rising debt is due to unsustainable social programs.

    The national debt is now $17.47 trillion

    End of Bush in 2008 the debt was only $9.76 trillion.

    Do the math.

  22. Tina says:

    Dewey good charts!

    I notice that the rise in debt tracks upward with the governments war on poverty, entitlement programs, and intrusion into healthcare.

    useconomyabout.com

    Our governments ONLY constitutional mandate was defense of the nation. All the rest was to be left to the individual states and the people

    Free people take personal responsibility….if they are wise.

  23. Tina says:

    Chris would grasp at the very last straw as it crashes over the edge of Niagara Falls…now that’s dedication to ideology!

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