California bounces back as No. 7 economy in world

  • metta

    Posts: 39104

    Jun 13, 2015 4:57 AM GMT
    California bounces back as No. 7 economy in world


    http://www.scpr.org/news/2015/06/10/52336/california-bounces-back-as-no-7-economy-in-world/

    I still remember several Republicans, especially from Texas, saying that they hoped California would go bankrupt to show everyone that liberal policies fail! California is not in full health yet...but it is going in a healthier direction.
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    Jun 13, 2015 4:14 PM GMT
    No one in their right mind delights in the demise of any American state, but yes, CA does have a long way to go before it recovers its real economic health, and the sooner its Democrat-controlled legislature stops giving away the state to unions, illegal aliens, and "victims" of whatever persuasion, the faster and deeper that recovery will be.
  • tj85016

    Posts: 4123

    Jun 13, 2015 4:18 PM GMT
    sorry, but revenues for Chevron and Apple do not portend economic health - at all
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    Jun 13, 2015 4:47 PM GMT
    metta8 saidCalifornia bounces back as No. 7 economy in world


    http://www.scpr.org/news/2015/06/10/52336/california-bounces-back-as-no-7-economy-in-world/

    I still remember several Republicans, especially from Texas, saying that they hoped California would go bankrupt to show everyone that liberal policies fail! California is not in full health yet...but it is going in a healthier direction.


    Perfect weather... Otherwise everyone would have moved to Texas.

  • metta

    Posts: 39104

    Jun 13, 2015 4:48 PM GMT
    desertmuscl said
    metta8 saidCalifornia bounces back as No. 7 economy in world


    http://www.scpr.org/news/2015/06/10/52336/california-bounces-back-as-no-7-economy-in-world/

    I still remember several Republicans, especially from Texas, saying that they hoped California would go bankrupt to show everyone that liberal policies fail! California is not in full health yet...but it is going in a healthier direction.


    Perfect weather... Otherwise everyone would have moved to Texas.



    haha...you don't know the majority of Californians very well. Look at how they vote.
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    Jun 13, 2015 5:16 PM GMT
    MGINSD saidNo one in their right mind delights in the demise of any American state, but yes, CA does have a long way to go before it recovers its real economic health, and the sooner its Democrat-controlled legislature stops giving away the state to unions, illegal aliens, and "victims" of whatever persuasion, the faster and deeper that recovery will be.


    Or should it be more like states that give incentives to businesses?
    Is it good business sense or is it bribery?

    "A 2011 paper by the National Bureau of Economic Research found that there was a correlation between business incentives and corruption: An increase of federal corruption crimes by 1 per 100,000 residents was associated with a 2.9% greater chance that a community offers any form of business incentives. Furthermore, an increase in the rate at which government officials are convicted of federal corruption of 1 per 100,000 residents was associated with a 5.9% greater probability that a community will offer direct tax reductions rather than tax increment financing.[12]"
  • FRE0

    Posts: 4864

    Jun 13, 2015 8:00 PM GMT
    metta8 said
    desertmuscl said
    metta8 saidCalifornia bounces back as No. 7 economy in world


    http://www.scpr.org/news/2015/06/10/52336/california-bounces-back-as-no-7-economy-in-world/

    I still remember several Republicans, especially from Texas, saying that they hoped California would go bankrupt to show everyone that liberal policies fail! California is not in full health yet...but it is going in a healthier direction.


    Perfect weather... Otherwise everyone would have moved to Texas.



    haha...you don't know the majority of Californians very well. Look at how they vote.


    Right. They elected the governator.
  • bobbobbob

    Posts: 2812

    Jun 13, 2015 8:29 PM GMT
    That sounds like something until someone like me comes around who remembers it used to the fifth largest...
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    Jun 13, 2015 8:41 PM GMT
    Governor Brown put the state back on track. There were big budget cuts that Brown made that the previous Governor never would have made.
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    Jun 13, 2015 8:51 PM GMT
    24% Poverty rate is the highest in the country.. Only the "haves" and the "have nots" live in CA!
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    Jun 13, 2015 11:18 PM GMT
    James_Thunder_Early saidGovernor Brown put the state back on track. There were big budget cuts that Brown made that the previous Governor never would have made.
    lol. No he didn't.
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    Jun 13, 2015 11:21 PM GMT
    They are challenging economies like Brazil and United Kingdom, but challenging Germany? U kidding me?
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    Jun 13, 2015 11:26 PM GMT
    Soldier2015 saidThey are challenging economies like Brazil and United Kingdom, but challenging Germany? U kidding me?
    its all Silicon Valley. Without it there is nothing happening here. Heinz just announced they are following Nissan, tesla, sony and others by leaving
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    Jun 13, 2015 11:33 PM GMT
    Dallasfan824 said
    James_Thunder_Early saidGovernor Brown put the state back on track. There were big budget cuts that Brown made that the previous Governor never would have made.
    lol. No he didn't.


    Yes, he did. When he took over from Arnold, the budget was a huge mess. Now, there are actually reserves and some spending control.
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    Jun 13, 2015 11:40 PM GMT
    James_Thunder_Early said
    Dallasfan824 said
    James_Thunder_Early saidGovernor Brown put the state back on track. There were big budget cuts that Brown made that the previous Governor never would have made.
    lol. No he didn't.


    Yes, he did. When he took over from Arnold, the budget was a huge mess. Now, there are actually reserves and some spending control.


    I would disagree.

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    Jun 13, 2015 11:45 PM GMT
    Dallasfan824 said
    James_Thunder_Early said
    Dallasfan824 said
    James_Thunder_Early saidGovernor Brown put the state back on track. There were big budget cuts that Brown made that the previous Governor never would have made.
    lol. No he didn't.


    Yes, he did. When he took over from Arnold, the budget was a huge mess. Now, there are actually reserves and some spending control.


    I would disagree.



    http://www.bloomberg.com/news/articles/2015-01-09/california-s-brown-urges-caution-as-record-revenue-swells-budget

    There is a surplus, not a deficit. Under Arnold, there was no surplus.

    And, unemployment is down

    http://losangeles.cbslocal.com/2014/12/19/california-unemployment-rate-at-lowest-rate-since-great-recession/

    The state is hardly falling apart....
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    Jun 13, 2015 11:47 PM GMT
    James_Thunder_Early said
    Dallasfan824 said
    James_Thunder_Early said
    Dallasfan824 said
    James_Thunder_Early saidGovernor Brown put the state back on track. There were big budget cuts that Brown made that the previous Governor never would have made.
    lol. No he didn't.


    Yes, he did. When he took over from Arnold, the budget was a huge mess. Now, there are actually reserves and some spending control.


    I would disagree.



    http://www.bloomberg.com/news/articles/2015-01-09/california-s-brown-urges-caution-as-record-revenue-swells-budget

    There is a surplus, not a deficit. Under Arnold, there was no surplus.



    That's due to the Silicon Valley bubble. Just like the tech bubble and the real estate bubble. Ca is dependent on the the wealthy doing well. When the Econonmy turns, like it did under Arnold, the budget collapses.
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    Jun 13, 2015 11:49 PM GMT
    James_Thunder_Early said
    Dallasfan824 said
    James_Thunder_Early said
    Dallasfan824 said
    James_Thunder_Early saidGovernor Brown put the state back on track. There were big budget cuts that Brown made that the previous Governor never would have made.
    lol. No he didn't.


    Yes, he did. When he took over from Arnold, the budget was a huge mess. Now, there are actually reserves and some spending control.


    I would disagree.



    http://www.bloomberg.com/news/articles/2015-01-09/california-s-brown-urges-caution-as-record-revenue-swells-budget

    There is a surplus, not a deficit. Under Arnold, there was no surplus.

    And, unemployment is down

    http://losangeles.cbslocal.com/2014/12/19/california-unemployment-rate-at-lowest-rate-since-great-recession/

    The state is hardly falling apart....


    Yes it is. The unfunded pension liability will be its undoing.
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    Jun 13, 2015 11:54 PM GMT
    southbeach1500 said
    The Metta8 doesn't bother to actually read and think, it just posts and is programmed to accept what it posts as "fact."


    In other words, you're pissed because he's managed to 'out-Southbeach' you, again.
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    Jun 13, 2015 11:58 PM GMT
    NYT: In 2015, the unemployment rate in the Golden State has fallen from 12 percent four years ago to 6.3 percent; the state has added nearly half a million new jobs in the last 12 months. Many of those are high-paying positions in the tech sector, which has flourished even with California’s high cost of living and heavier regulatory hand.

    http://www.nytimes.com/2015/06/04/business/economy/what-texas-economy-means-for-rick-perrys-presidential-ambitions.html

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    Jun 14, 2015 1:41 AM GMT
    woodsmen saidNYT: In 2015, the unemployment rate in the Golden State has fallen from 12 percent four years ago to 6.3 percent; the state has added nearly half a million new jobs in the last 12 months. Many of those are high-paying positions in the tech sector, which has flourished even with California’s high cost of living and heavier regulatory hand.

    http://www.nytimes.com/2015/06/04/business/economy/what-texas-economy-means-for-rick-perrys-presidential-ambitions.html



    That's still a higher unemployment rate that North and South Dakota.
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    Jun 14, 2015 4:22 AM GMT
    desertmuscl said
    woodsmen saidNYT: In 2015, the unemployment rate in the Golden State has fallen from 12 percent four years ago to 6.3 percent; the state has added nearly half a million new jobs in the last 12 months. Many of those are high-paying positions in the tech sector, which has flourished even with California’s high cost of living and heavier regulatory hand.

    http://www.nytimes.com/2015/06/04/business/economy/what-texas-economy-means-for-rick-perrys-presidential-ambitions.html



    That's still a higher unemployment rate that North and South Dakota.


    NYT: There are signs that some of the workers who have flocked to North Dakota, lured by steady jobs and the promise of overtime, are already fleeing the state. From 2010 to 2014, North Dakota’s population rose 10 percent to about 740,000, much of it because of the oil boom.

    http://www.nytimes.com/2015/02/16/us/as-oil-prices-slip-north-dakota-struggles-to-get-a-grip-on-its-budget.html
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    Jun 14, 2015 4:37 AM GMT
    It will soon be a ghost town! Dry and parched California. My home and fun town is all dry and dead.

    No water=No money.

    The Californian's I knew back in the day are different than today. No one prepares for anything, they refuse to build water desalination plants and the state will run dry!!

    Time to find a new beach home!! LOL




  • jjguy05

    Posts: 459

    Jun 14, 2015 6:00 AM GMT
    MGINSD saidNo one in their right mind delights in the demise of any American state, but yes, CA does have a long way to go before it recovers its real economic health, and the sooner its Democrat-controlled legislature stops giving away the state to unions, illegal aliens, and "victims" of whatever persuasion, the faster and deeper that recovery will be.


    Unions created the middle class in America. Their increasing absence in American society is the reason for the shrinking middle class.

    Illegal immigrants contribute massively to the economy by providing a lot of hours of super-cheap labor that their employers profit from. In public, Republicans rant against illegal immigrants in order to get votes, but secretly, Republicans want to keep them in the country, because of the cheap labor they provide for the business owners that donate to the GOP.

    Like all the big-city states, California has for years now given more in taxes to federal than it has gotten back, while the Republican-dominant, less-urbanized states receive more than they give. It's vastly disingenuous when Republicans attack "high tax liberal states", without mentioning how much of those taxes are given away to the red states. If California wasn't giving away so much for the federal government to redistribute to Alabama, Arizona, and Alaska, then California wouldn't need to raise state taxes for its own matters (schools, roads, etc).

    So, on all counts, you're wrong. Troll.

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    Jun 15, 2015 3:30 AM GMT
    MGINSD saidNo one in their right mind delights in the demise of any American state, but yes, CA does have a long way to go before it recovers its real economic health, and the sooner its Democrat-controlled legislature stops giving away the state to unions, illegal aliens, and "victims" of whatever persuasion, the faster and deeper that recovery will be.


    Actually, California's budget woes started to heal precisely when Democrats attained a supermajority in the state legislature.