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For years local and State governments did everything they could to bring in a diverse booming population. Places like Florida, Nevada, Arizona, Georgia, South Carolina and California all were considered role models. The populations boomed and tons of immigrants and ethnic minorites came into these States.
Look at these US States now. They went bust. Look at the US States with the healthiest economies and the lowest unemployment rates. North Dakota, Iowa, Nebraska, South Dakota, New Hampshire, and Wyoming.
What is a common theme for all these places? They are not ethnically diverse and traditonally had a slow population growth.
What do you mean by bust? Most of those "boom" states are the states that fared the worse in the housing crisis.
I did notice that the states you listed as healthiest have had low population growth. Don't know why ethnicity is mentioned here....that doesn't mean anything to me. Besides, hasn't Iowa and Nebraska seen a huge influx of Hispanic immigrants despite their low population growth overall?
Semi market and crony capitalism economies like ours are very unstable. The speculative investors that encourage and profit from the boom take their money and run when the artificially induced growth slows down. This creates the bust where the losses are passed on to the recent boomers. Economies with slow growth or regulated enough never boom, so their slowdowns are not considered busts. This benefits the long term owners over the speculators. Slow steady growth is anathema to the gamblers.
The housing bust was apparent as soon as a lot of people started speculating in houses and borrowing against their equity instead of buying a home to live in and raise a family.
For years local and State governments did everything they could to bring in a diverse booming population. Places like Florida, Nevada, Arizona, Georgia, South Carolina and California all were considered role models. The populations boomed and tons of immigrants and ethnic minorites came into these States.
Look at these US States now. They went bust. Look at the US States with the healthiest economies and the lowest unemployment rates. North Dakota, Iowa, Nebraska, South Dakota, New Hampshire, and Wyoming.
What is a common theme for all these places? They are not ethnically diverse and traditonally had a slow population growth.
What do you think of this?
North Dakota is doing well because of oil. It has a budget surplus and a very low unemployment rate because of the jobs created to support that economy. I can't speak to the other states.
America in general woud have been better served if we had not built so many houses and given mortgages to people who could not have afforded them and pushed for such huge population growth. 5 years ago the people were promoting Las Vegas as the perfect American City, the good times would never end. Huge waves of Hispanic unskilled workers flooded the city and built homes and casinos we did not need. Now they have a higher unemployment rate than anyplace in America and the State government is short forty percent of their needed revenue, the worst economic situation in the USA.
While places like the Dakota's just move along just fine.
(I brought up race in my first posting because generally the States with the highest number of ethnic minorities have the most unemployment)
Quote:
Originally Posted by desertdetroiter
What do you mean by bust? Most of those "boom" states are the states that fared the worse in the housing crisis.
I did notice that the states you listed as healthiest have had low population growth. Don't know why ethnicity is mentioned here....that doesn't mean anything to me. Besides, hasn't Iowa and Nebraska seen a huge influx of Hispanic immigrants despite their low population growth overall?
I think that it's not so much race that has to do with it. THe way I see it, since most of our immigration is composed of ethnic minorities (with 1/4 of all immigrants, legal and illegal, being from Mexico), the states with the most "diversity" just happened to attract the most immigrants because of employment prospects, and the federal government did not raise interest rates high enough like they were supposed to to slow down the economy so that a huge massive bubble wouldn't pop so bad, so soon. That's what Australia is going and that's why their bubble hasn't popped yet. THough it will pop
Immigrants are brought in by the semi-trailer load to be the cheap labor for the elite. Nothing stops them from bringing in a very large excess so of course there will be high unemployment. That's what it's all about.
States with huge numbers of unskilled and poorly educated Hispanics have a higher unemployment rate. The higher the percentage of its population that is Hispanic the higher likelyhood the unemployment rate is going to be high. Prove to me this is not true MOST of the time.
Too many people are flooding those states. Not enough jobs are being created. And most are coming without jobs in hand thinking they'll land that job within a week.
SURPRISE, SURPRISE when 6 months later they are still not working and running out of money.
It's like everyone moving to one side of a small boat if it starts tipping.
Just go to the Austin forum and see thread after thread of "Thinking of moving to Austin".
The bulk of replies are "Have a job before you move here"
The MSM with their top 10 lists and most jobs created lists are doing Americans a great disservice.
Or maybe that's the intent.....
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