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

 

 

 

 

 

 

 

 

 

No comments

Write a comment
  1. ExPFCWintergreen
    ExPFCWintergreen 29 July, 2011, 14:38

    At this point I am hoping that the Democrats elect substantial 2/3 majorities in both houses. If they had all the seats it is okay with me. This state will never recover until it fails, so bring on the failure. Which means, bring on the democrats. Besides, the republicans are even worse, in that they pretend to be on the side of folks trying to make a living and avoid government intrusion, but when push comes to shove, they sell out, caring more about the perqs of office than principles. Let’s go to hell, and quickly!

    Reply this comment
  2. David from Oceanside
    David from Oceanside 29 July, 2011, 17:00

    I agree with Wintergreen on this one. There will be no structural change out of Sacramento until the existing structure comes crashing down.

    Reply this comment

Write a Comment

Leave a Reply


Tags assigned to this article:
economyJerry BrownJohn SeilerTaxesunemployment

Related Articles

Police assault horror story

Even for this day and age of police harassment of citizens, this is a horror story, from New Mexico: A

Two more lawmakers demand resignation of UC Davis chancellor

Two state lawmakers took to Twitter on Thursday and joined the growing chorus of Democratic legislators who are calling for the

SD GOP Snubs Pro-Union Candidate

Steven Greenhut: The San Diego Republican Party gave its support for mayor to Carl DeMaio, the pension-reforming, no-nonsense conservative, over