Posted on 03/16/2012 8:41:56 AM PDT by Kaslin
No error.
Hundreds of businesses have left Kalipornia since last year.
The number of high bracket taxpayers has fallen sharply as people leave or get poorer.
“California will be our Greece”
California will be bailed out regardless whom is President, just to what degree. Look to GM for what Bambi will do. If your holding Cali bonds, get the hell out of them if you can.
Thanks!
It’s the gamble of whether the Chippy will actually call in the number if he can get close enough to read. If Kallie gets that laser designator/reader stuff hooked to computer, they’ll catch them, but they’re not that smart.
If I were a government official there and still wanted my job, my home and my future, that registration number would scare me sh!tless.
I have always thought that the best measure of the economy is state tax revenue. Based upon my own analysis of year over year growth, Obamanomics has the following record:
09 growth over 08: Best described as depressing -10%
4th quarter -3.1
3rd quarter -11.0
2nd quarter -16.3 (especially bad as 2nd quarter is normally the good quarter)
1st quarter -12.2
10 growth over 09: still running negative -3.1%
4th quarter 7.7
3rd quarter 4.6
2nd quarter 1.9
1st quarter 3.3
11 growth over 10: Just now starting to be positive 0.1%
4th quarter Not available
3rd quarter 5.6
2nd quarter 10.7 (Best quarter recorded so far)
1st quarter 9.5
Average quarter to quarter growth since 1992 through 2007 - 5.3%
Average quarter to quarter growth since Obama / 2008 - 0.1%
Now keep in mind that thes are STATE tax revenues which differ from Federal tax revenues. Most of state revenues are aligned with business such as sales tax, licenses, fuel taxes etc. It does also include state income tax as well.
Another thing to consider is that the tax rates do change with different state administrations but the amount of changes are often relatively small.
My overall analysis is that we have stopped the shrinkage in the economy. But we have not yet made up the ground that has been lost. If you compare 3rd quarter 2008 to 3rd quarter 2011 you will see that State tax revenue is still down by about 3 billion dollars per quarter.
Now the numbers for 4th quarter 2011 are not yet apart of the state tax revenue as published by the Census department. And with the growing cost of fuel, it seems to me that the nation runs the risk that in 2012, the business environment will be down and that tax revenue will once again decrease. The net effect will be to drag this ressession out even further.
Just my thoughts and number swizzling. Based upon Table 2 – Latest National Totals of State Tax Revenue from the Census Department. http://www.census.gov/govs/qtax/
The only thing that can save California is unfettered agriculture. Farm households must be freed from state bureaucrats.
Small towns could come back if farmers and ranchers had free access to free markets and access to water. But alas, the Kalifornicators in the cities are more interested in “rural cleansing” of the (strategically important) countryside and would rather eat soy foods from China.
Asked my state congressman recently, who the hell agreed to these cushy retirement packages? Politicians elected with union campaign money who then sit across the table from the union thugs and say YES to EVERYTHING thier little hearts desire. And when the state congress cut the money going to these pensioners, when it got to the governors desk he reversed all the cuts. Oregon, going the way of CA.
Oregon even re-elected a has been governor just like CA.
My only concern is that these folks will vote the same way they did in CA, which is how they got into that mess in the first place. It happened with people who left MA for NH, I believe. Apparently many of them don’t understand what caused their misery in the first place.
Children learn the tale of the goose that laid the golden egg. I.E. Democrats are stupider than children.
One problem though. Californians are relocating there, and bringing along with them their idiot ideology.
I see ya'all in Texas are still begging for Californian's to move there. I try my best to send them your way.
In fact, if I had the power, I'd send 10,000,000 your way by tomorrow.
You'll love 5,000 unit pink apartment buildings across the wind swept Texas plains, and greedy marts on every corner!
Enjoy!!
You heartless wretch — don’t you care about the stress she endured for all those years? What do you think librarians do?
I would argue that the two things are connected. The conditions in California beget prosperity. Prosperity begets Foolishness. Poor people must make every dollar count. Rich people can afford to believe in stupid things. (At least until their wealth is gone.)
Then they'll need to raise taxes to fill that gap.
That will drive yet more businesses out.
Then they'll need...
Directive 10-289
The same thing happened in North Carolina with relocaters from NY and NJ. NC's been on a steady decline for 20 years now thanks to idiot leftists.
That will be one helluva selling job. I don't see it happening after the 2010 statehouse elections.
That is disgusting. In Ohio a license plate costs 45 dollars, no other taxes or fees, that's all. No matter how expensive or how new the car (or pickup) is.
Do we really need to quote what Pres. Ford essentially told NYC?
(for those in rio linda, it was paraphrased as “drop dead” when NYC wanted a federal handout to prevent bankruptcy.)
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