Latest: Economy Crashing Fast

John Seiler:

Don’t Gov. Jerry “Jobs Killer” Brown, the Democratic-run Legislature, the government-employee unions and the tax-obsessives in the media see what’s going on?

The Depression is back — big time. The economy is crashing — fast.

The latest: U.S. First Quarter 2011 growth was just revised downward, to 0.4 percent from the previous, incorrect estimate of 1.9 percent. Second Quarter growth was just 1.3 percent. Average for the First Half of 2011: 0.9 percent growth.

That’s nothing in a country whose population increases 1 percent per year.

Worse, consumer sentiment in July fell to its lowest rate since March 2009, during the depths of the Depression.

Combine that with last week’s bad news on unemployment, which rose to 9.2 percent nationally for June, and 11.8 percent in California.

Yet Jerry “Jobs Killer” Brown and his legislative, union and media cabal continue attacking jobs in this state.

The “Amazon” tax is slaying thousands of little businesses, who join the unemployment and welfare rolls — or move to Nevada.

The cabal’s Green Power obsession is driving up the cost of electricity — and everything else.

And the sham “Citizens” Redistricting Commission just gerrymandered — or jerrymandered — districts to make sure two-thirds Democratic majorities take over both houses of the Legislature in 2012, making it easy schmeezy to boost taxes even higher.

California is leading the American economic death spiral through the sewer pipes.

July 29, 2011