Events in Europe are revealing the myth of a democratic social society funded by capitalism. It's untenable. We're in even worse shape here in the US, we just haven't woken up to it yet.
It's a mystery to me why the GOP doesn't point to Detroit or California as object examples of the damage the progressives and their union co-conspirators can do when given enough leeway. In the case of Detroit, corporate malfeasance abetted by active government policy also contributed greatly to its demise.
California is blessed with wonderful weather, beautiful beaches, great cities, entertainment and technology industries, mountains and outdoor recreational area that are the envy of the world, and bountiful natural resources. On it's own, it ranks somewhere around the world's 10th largest economy.
Consider what Democrat one party rule has done to that great state...
The state budget, mandated to balance by law, has been billions in the red for ten straight years. Yet Californians re-elect the same politicians, year after year, who produce budgets with multi-billion dollar deficits.
California now has a $16 billion deficit which “assumes” that California voters will pass massive tax increases on themselves. If they do not, the 2013 deficit becomes a mind numbing $20 billion.
Yet despite the red ink, Governor Brown signed into law a “high speed rail” bill that will spend $6 billion on a train between Fresno and Bakersfield – not LA and San Francisco as promised. Polls turned against the choo-choo, but there remain no outcry from California voters. (Robert J. Cristiano)There's more...
Orchards in the Central Valley were allowed to wither and die resulting in unemployment in the Central Valley as high as 40%. Imagine Californians on food stamps, living in what was the fruit basket of American.
California’s business climate now ranks dead last according to 650 CEOs measured by Chief Executive Magazine. Apple will take 3,600 jobs to its new $280,000,000 facility in Austin Texas – jobs that California would have had in the past. Texas ranked first in the same survey.
California’s unemployment rate is consistently higher than 10% of its work force, and there are few jobs for college students who graduate with as much as $100,000 in student loans. (Robert J. Cristiano)
I don't say this with glee, and neither does the author of the article, who is a California native. He sees California going down the same path as Michigan, which bled out over 70,000 jobs over the past 12 years. Those jobs didn't go overseas; they went to other states.
Jobs, and job creators, are fleeing the state. Intel, Apple, and Google are expanding out of the state. The best and brightest minds are leaving for Texas and North Carolina. The signs are everywhere. Meanwhile, the voters send the same cast of misfits back to Sacramento each year – just as Detroit did before them.
Today, California is following Michigan’s path with exploding pension obligations, a declining tax base, and disastrous leadership. Housing prices have fallen 30 to 60% across the state, evaporating trillions of dollars of equity and wealth. Unemployment remains stubbornly high and under-employment is rife. Do our politicians need any more signs? (Robert J. Cristiano)
Progressive Political Patronage
Governor Brown’s budget will first slash money to schools and raise tuition on its students while leaving all 519 state agencies intact. He apparently will protect political patronage at all costs. (Robert J. Cristiano)
Barack Obama's "Change" will take the entire country down the same path (which I readily admit plenty of Republican progressive have helped blaze as well). We see the shipwrecks broken upon the shoals we are headed towards. Are we smart enough to turn around?