Jerry Brown expresses satisfaction with CA’s 24% poverty rate

Jerry Brown expresses satisfaction with CA’s 24% poverty rate

If you live in a state that has by far the highest effective poverty rate in the U.S. — at just under one-quarter of the population — you would seem unlikely to express satisfaction with the economics status quo.

But if you’re the governor of that state, and the media think you’re a whiz-bang because there aren’t any more budget stalemates every summer, you can just blithely say that 24 percent poverty is just the way it is, man. This was in the Sac Bee.

“Brown defended California’s business environment, citing venture capital and foreign investment in the state.

“There’s a fellow named Schumpeter who talked about the creative destruction of capitalism,” he said, referencing the economist Joseph Schumpeter. “And, I put the emphasis on creative, and, change is inevitable. We’re getting 60 percent of the venture capital, we’re the number one place for direct foreign investment in the United States. Do we have everything in all respects? No. But we have an abundance that constitutes a two trillion dollar economy.”

Brown celebrates dynamics that are roiling San Francisco

media-blackout-efxAs my Cal Watchdog colleague John Seiler notes, it’s pretty cool to see California’s governor invoke an economist who is a free-market icon, not a Krugmanite — even if it’s Texas that reflects Schumpeter’s core insights far more than Cali. But it’s also very curious in that anyone who celebrates the California status quo certainly isn’t looking at the 24 percent of folks in poverty. Or the stagnant middle class. More than anyone, such a celebration is about the tech titans of Silicon Valley and San Francisco — the allegedly evil 1 percenters.

It’s no stretch to say Jerry Brown is celebrating the same economic dynamics that have San Franciscan lefties going goon on rich techies.

But then we live in a state in which outside of Christopher Cadelago and Dan Walters at the Sac Bee and Steve Greenhut at the U-T San Diego and the editorial board of the U-T (which includes me), practically no one ever mentions that California has the nation’s highest poverty rate if cost of living is included.

Do these journos think cost of living shouldn’t be included? Or are they just clueless? Or are they scared to break with the pack?

I don’t know which of these is true. But it is stunning that so few of the articles about how California is doing simply omit our nation’s worst poverty ranking.

 

Read more here: http://blogs.sacbee.com/capitolalertlatest/2014/05/jerry-brown-defends-states-business-climate-as-toyota-packs-up.html#storylink=cpy

32 comments

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  1. S Moderation Douglas
    S Moderation Douglas 4 May, 2014, 09:01

    ” If you live in a state that has by far the highest effective poverty rate in the U.S.”

    That is when you adjust for cost of living.
    ………………
    ” when you take into consideration the state’s higher cost of living and compare public employee pay to the state’s overall personal income, California’s rank is below average at #35.”

    ca.allgov.com Oct 4, 2012

    A bargain!

    The glass is at least half full!!

    Reply this comment
    • Donkey
      Donkey 4 May, 2014, 10:02

      The state has a higher cost of living is due solely because of RAGWUS costs, your argument is a sham, and your glass is going to burst with Two trillion dollars in RAGWUS debt.

      People like S&MD will be fine until that EBT card stops working, that is when fantasyland becomes real. They play the “government work is so complicated game” while they steal all the tax dollars they can grab, but when the curtain is lifted only monkeys are exist, the whole time the circus has been in town. 🙂

      Reply this comment
    • Rex the Wonder Dog!
      Rex the Wonder Dog! 5 May, 2014, 17:21

      ” when you …compare public employee pay to the state’s overall personal income…” What you see is that GED educated government trough feeders are being compensated more than medical doctors, dentists, lawyers, CPA’s and a host of other PROFESSIONALS in this krazy state!!!!

      Reply this comment
  2. S Moderation Douglas
    S Moderation Douglas 4 May, 2014, 11:27

    Circular reasoning = RURG

    Reply this comment
    • Donkey
      Donkey 4 May, 2014, 12:01

      No, in the RAGWUS world it may be your perception S&md, but in the real world it is a circle-jerk on the taxpayers, which does not include tax paid feeders.

      There is no logic or reason within the RAGWUS cabal. 🙂

      Reply this comment
  3. Sean
    Sean 4 May, 2014, 11:39

    California is a great place to live if you have lots of money or are in a business that generates high margins. The extra costs of living in the golden state an easily be absorbed. However, if you are in a business with tight margins, the extra costs imposed by the golden state are the difference between making money and losing money. Many businesses that employ blue collar hourly workers run on very tight margins as they have to compete with out-of-state or offshores entities. These blue collar jobs are the ones that leave the state or are under tremendous financial pressure to hold costs down and keep wages low.

    Reply this comment
  4. Ken
    Ken 4 May, 2014, 14:20

    Getting rid of redevelopment is arguably the most significant thing Brown has done since being voted back in. Otherwise this semi-senile clod has signed some of the most offensive legislation imaginable. He’s giving away the store to the illegal nation in our midst and he is allowing some of our truly perverted legislators ram through abominable crap, like the doozy that allows kids in schools to chose which restroom they want to use, based on ow they feel that day. This is umber perversion and that Brown, an ex-semenarian, and presumably a moral person, could actually sign such junk is reprehensible and as far as I a concerned is basis for recall. The only good thing about Brown at this point is that he is the devil that we know, as opposed to the devil we don’t know. Brown and his entire freakshow of DEM poseurs are destroying the state. They apparently do not care. They are knuckle dragging idiots, the whole lot of them. And don’t get me started on what looks like an illegal alien legislature at this point. The bias in Sacromania is lethal, it ain’t no joke. They are horrid people. Downright scary. Where is Gov. Pat Brown when you really need him? Or Earl Warren for that matter….

    Reply this comment
  5. Ted O'Steele, CEO
    Ted O'Steele, CEO 4 May, 2014, 15:12

    After they killed Chesman they dried up.

    Reply this comment
  6. Ted O'Steele, CEO
    Ted O'Steele, CEO 4 May, 2014, 15:14

    “giving away the store to the illegal nation”?

    Or

    Maybe being a decent Christian and taking care of the poor?

    A matter of perspective.

    Reply this comment
    • S Moderation Douglas
      S Moderation Douglas 4 May, 2014, 16:39

      Or maybe enlightened self interest?

      Reply this comment
    • Donkey
      Donkey 4 May, 2014, 17:51

      Leave religion where it belongs TCS, and taking care of poor Americans is one thing, taking care of poor illegals is another.

      The RAGWUS feeders don’t care, the bill is paid by the private sector. 🙂

      Reply this comment
    • S Moderation Douglas
      S Moderation Douglas 4 May, 2014, 19:27

      ” giving away the store to the illegal nation”

      ” There are many ways to debate immigration, but when it comes to economics, there isn’t much of a debate at all. Nearly all economists, of all political persuasions, agree that immigrants — those here legally or not — benefit the overall economy.”

       ADAM DAVIDSON,

      New York Times

      February 12, 2013

      Reply this comment
      • Bob Smith
        Bob Smith 4 May, 2014, 19:40

        Only if by “benefit” you discount illegal voting, crime, cultural decay, and welfare costs.

        Reply this comment
      • Donkey
        Donkey 4 May, 2014, 20:17

        That is complete BS!!! 🙂

        Reply this comment
      • Rex the Wonder Dog!
        Rex the Wonder Dog! 5 May, 2014, 17:24

        There are many ways to debate immigration, but when it comes to economics, there isn’t much of a debate at all. Nearly all economists, of all political persuasions, agree that immigrants — those here legally or not — benefit the overall economy.”

        OMG Dougie- you have told some tall tales here, but this one is the KING OF THE WHOPPERS!!!!!!!!!!!!!

        Please post a link backing your ridiculous assertion that “Nearly all economists, of all political persuasions, agree that immigrants — those here legally or not — benefit the overall economy.”

        Reply this comment
  7. Bob Smith
    Bob Smith 4 May, 2014, 16:06

    About the only stupid thing CA hasn’t done yet is institute a gross-receipts tax like WA and TX. CA is indeed a pleasant place to live so long as you stay far way from its monstrously crime-ridden areas (Oakland?) and are connected enough to get a concealed-carry permit, which we mere peons can’t get.

    Can somebody explain to me what RAGWUS means?

    Reply this comment
  8. Larry-Klamath River
    Larry-Klamath River 4 May, 2014, 17:25

    Take another toke, Moonbeam, and those living in poverty will actually agree with you. And, those “middle class folks” destined to join this happy congregation by coming job loss, will actually like you and your minions.

    My entire community has collapsed because of the wonderment of this State, but we are really happy.

    Reply this comment
  9. Ted O'Steele, CEO
    Ted O'Steele, CEO 5 May, 2014, 06:51

    Are you posting high again Larry?

    Reply this comment
  10. Ulysses Uhaul
    Ulysses Uhaul 5 May, 2014, 21:38

    Teddy…..the Poodle constipated from day old corn dogs at his truck stop career job!

    Reply this comment
  11. Ted O'Steele, CEO
    Ted O'Steele, CEO 6 May, 2014, 06:45

    poor girl!

    Reply this comment

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