Fogdog
Well-Known Member
The myth that trickle down economics is good for everybody. The myth that high taxes and tight regulations on businesses throttles innovation and economic growth are busted once again.
People in Calilfornia are coming back into the jobs market as the economy is expanding and opportunities are opening to people who had previously given up.
California adds 30,000 jobs as unemployment holds at 5.5%
http://www.latimes.com/business/la-fi-jobs-october-20161021-snap-story.html
California’s unrelenting economy refused to slow in September, amassing another 30,000 new jobs even as more people seeking work opted into the labor market, according to state data released Friday.
The gain did not affect the unemployment rate, which held at 5.5%. September marked the eighth consecutive month that California employers hired more people than they fired.
“California’s economy is running hot right now,” says Mark Vitner, a senior economist at Wells Fargo. The influx of nearly 118,000 new people into the labor market is a sign that the state’s unceasing buildup of new jobs is luring back Californians who may have stopped looking for work during the recession.
The article has this zinger in it:
The country added 156,000 new jobs last month, meaning California generated about 19% of all employment growth nationwide.The Employment Development Department, which produces the jobs data, revised August’s gain down to 48,400 from an initial report of 61,300 new jobs.
LOL, suck it Red State losers. The state of fruits and nuts is beating your ass while doing you the favor of keeping the US economy rolling so that you can continue to collect food stamps.
States to the north of California are taking note. Oregon's initiative to increase taxes on large and profitable corporatate sales in the state is one example. Seattle has taken shots from the muddled right with its tax and wage policies. Yet this article appeared today in the Seattle Times:
High taxes, regulations and a swell economy in California
http://www.seattletimes.com/opinion/high-taxes-regulations-and-a-swell-economy-in-california/
In the mythology of the right, California must fail. Its high taxes, strict environmental rules and thick book of regulations are all ingredients in the conservative recipe for economic meltdown. That California is prospering nicely throws a pie in the face of its harshest critics.
To get around this clash of ideas and reality, an alternative version of California-going-down has been created. It is built on cherry-picked facts, numbers out of context and anecdotes. And the right continues churning out stories of companies “fleeing” California.
The article ended with with this shot at right wing "free market" zealots:
What the strong numbers do mean, Beacon partner Chris Thornberg told The Los Angeles Times, is “that being ‘business friendly’ is not the be-all and end-all of economic development.” He went on: “When you actually look at the data, you’ll find that as kooky as California is, it’s not a state that’s underperforming.”
Let the critics carp. But do correct them.
Libertarians and Reganonics theologists, consider yourselves corrected.
Would that states to the east of California pay attention too.
People in Calilfornia are coming back into the jobs market as the economy is expanding and opportunities are opening to people who had previously given up.
California adds 30,000 jobs as unemployment holds at 5.5%
http://www.latimes.com/business/la-fi-jobs-october-20161021-snap-story.html
California’s unrelenting economy refused to slow in September, amassing another 30,000 new jobs even as more people seeking work opted into the labor market, according to state data released Friday.
The gain did not affect the unemployment rate, which held at 5.5%. September marked the eighth consecutive month that California employers hired more people than they fired.
“California’s economy is running hot right now,” says Mark Vitner, a senior economist at Wells Fargo. The influx of nearly 118,000 new people into the labor market is a sign that the state’s unceasing buildup of new jobs is luring back Californians who may have stopped looking for work during the recession.
The article has this zinger in it:
The country added 156,000 new jobs last month, meaning California generated about 19% of all employment growth nationwide.The Employment Development Department, which produces the jobs data, revised August’s gain down to 48,400 from an initial report of 61,300 new jobs.
LOL, suck it Red State losers. The state of fruits and nuts is beating your ass while doing you the favor of keeping the US economy rolling so that you can continue to collect food stamps.
States to the north of California are taking note. Oregon's initiative to increase taxes on large and profitable corporatate sales in the state is one example. Seattle has taken shots from the muddled right with its tax and wage policies. Yet this article appeared today in the Seattle Times:
High taxes, regulations and a swell economy in California
http://www.seattletimes.com/opinion/high-taxes-regulations-and-a-swell-economy-in-california/
In the mythology of the right, California must fail. Its high taxes, strict environmental rules and thick book of regulations are all ingredients in the conservative recipe for economic meltdown. That California is prospering nicely throws a pie in the face of its harshest critics.
To get around this clash of ideas and reality, an alternative version of California-going-down has been created. It is built on cherry-picked facts, numbers out of context and anecdotes. And the right continues churning out stories of companies “fleeing” California.
The article ended with with this shot at right wing "free market" zealots:
What the strong numbers do mean, Beacon partner Chris Thornberg told The Los Angeles Times, is “that being ‘business friendly’ is not the be-all and end-all of economic development.” He went on: “When you actually look at the data, you’ll find that as kooky as California is, it’s not a state that’s underperforming.”
Let the critics carp. But do correct them.
Libertarians and Reganonics theologists, consider yourselves corrected.
Would that states to the east of California pay attention too.
