Daily Rant – January 5, 2010
January 5, 2010
Not long ago, our Governor Arnold Schwarzenegger appeared in Copenhagen at the United Nations Global Warming Conference to give a speech about how California has led the way in climate change legislation while still providing a robust economy.
“We have shown we can do both,” he said. Excuse me?
California’s unemployment rate was over 12% in August of 2009 and is probably much higher by now. Much of this is due to the fact that regulations and legislation have chased many businesses out of the state to places like Texas, Nevada and Arizona (all red states, by the way). So much for his claim to a robust economy. You can’t have employment with no businesses and without employees and employers paying taxes, there is no money to run the state government. Legislators can not balance the budget with revenue shortfalls.
Now instead of solving our economic woes like maybe allowing drilling offshore in order to get some of those lucrative oil lease revenues, our state representatives like our brilliant Jared Huffman are busy banning things like trans-fats in restaurants. The theory is that trans-fats are making people obese. The next thing they will go after is sodas (they already have banned the machines on school property) and snack foods. But none of these things produces one bit of revenue or helps the economy. In fact it most likely hurts it. When does it stop? Besides, I don’t see people getting thinner because of this legislation! Enough is enough.
Our nanny state is in such a precarious position that it is starting to crumble before our very eyes. The only infrastructure projects that are happening on our highways are paid for by government stimulus money given to us out of “Obama’s stash”. What people seem to forget is… we don’t have it to begin with.
California is broke. The US government is broke. Yet they all keep spending our money like it magically appears out of thin air. Actually, in the case of the federal government, it does as the printing presses continue to whir away. Experts predict with all this frivolous spending and printing of new money, inflation has nowhere to go but up. In fact, if it weren’t being held down artificially by the Fed, it would probably be double digits right now. It can not continue forever if they want the economy to come back.
The story is that in Russia money became so worthless from policies similar to those we have today that people would carry around wheelbarrows full of rubles. They had a popular joke which went like this. A woman went into the bakery to buy some bread and left her wheelbarrow full of money outside. When she came back to get cash to pay the baker, the money was still there, but the wheelbarrow was gone.
If California goes belly up, we still have other states where we can move. But if the US goes belly up, the whole world loses. It will be too late for conservatives to say, “I told you so.”
- FedUpEditor
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