Conservative policies vs liberal policies: Texas economy vs California economy (unemployment, Michigan)
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Any one else find it intersting to see how Texas's conservative economic policies have allowed Texas to prosper and weather the economic storm relatively well while California's liberal economic policies have basically bankrupted the state?
That's a very simplistic comparison, and inaccurate.
You're forgetting about all of the states that are more liberal than California and actually have fewer budgetary problems.
You're forgetting about the fact that some conservative states are also having big economic problems (Arizona is one of them).
You're leaving out the fact that only two states (Montana and North Dakota) were able to balance their budgets this year.
And you're missing the real reasons for the problems in California. It's not about Democrats versus Republicans, or liberals versus conservatives. This article explains it in some detail:
Why California can't be governed - Los Angeles Times (http://www.latimes.com/la-oe-roberts25-2009jun25-test,0,570121.story - broken link)
NY is having a hard time, too. Both CA and NY have high taxes, and big governments, which in turn creates big budgets. Once the private sector is taxed too much, businesses move out leaving behind a lot of government workers. These, the government, now must tax each other to support itself. The governments go broke, the markets sinks, nobody can afford rent nor mortgages, and the unemployment line grows to enormous proportions. Long after, taxes are low, businesses take place, and the city or State prospers once more.
It's much like the situation with one's family or household. One spends more than what one makes, and one goes bust. One is taxed so much that one can't afford living there, and one moves out.
Any one else find it intersting to see how Texas's conservative economic policies have allowed Texas to prosper and weather the economic storm relatively well while California's liberal economic policies have basically bankrupted the state?
Has nothing to do with California being Liberal and everything to do with it having reached it's zenith and being over saturated. Businesses and investors always begin to favour a new more ripe state to invest in after a while. It's happened before.
Most states, red and blue, face budgetary shortfalls.
Thats called living in denial. California taxes businesses and individuals more in order to fund entitlements. That is liberal. That is at the very core of California's problems.
Thats called living in denial. California taxes businesses and individuals more in order to fund entitlements. That is liberal. That is at the very core of California's problems.
You will NEVER see a liberal say they are wrong!
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