California's Economic Downslide was Created by Texans (cocaine, fence, Pittsburgh) - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - City-Data Forum

joebaldknobber · 12-26-2011, 11:15 AM

Houston based Enron started the economic mess in California by creating the energy crisis which has spiraled into millions of Californians relocating to Texas.

This video is funny.

Enron traders talking about Grandma Millie - YouTube

afoigrokerkok · 12-26-2011, 11:16 AM

Ummm...no.

HappyTexan · 12-26-2011, 11:20 AM

That's a good one. Texas is to blame for California's troubles.
ROFL. OK if that's the way you want it..blame someone else for your problems.

I believe the Enron fiasco affected states other than California

TheFix · 12-26-2011, 11:23 AM

Well, they don't call it the "Great Bush Depression" for nothing, you know.

Fiddlehead · 12-26-2011, 11:37 AM

Sheesh....Texas to blame for California? I thought conservatives were the experts at scapegoating.

If California had not enacted stupid ballot initiatives which expanded spending, eroded revenue, and then stuck it head in the cocaine bowl of subprime mortgages and RE speculation, it would be fine. That is a home-grown crisis that California must own up to.

I would say Texas, like Pittsburgh and some other rustbelt cities, was insured against the housing bubble, by past booms and busts. Didn't Texas have a huge oil boom in the 1980s? Didn't that depress house prices? Pittsburgh was losing population through the whole bubble and is on the upswing, and is doing well.

Frankly, I am glad that some people relocated to Texas. Many people cannot move at all, as they are too far underwater to do it without ruining their credit ratings. That is why housing bubbles are so bad for the country as a whole, many middle class people cannot even move to where jobs are.

freightshaker · 12-26-2011, 11:41 AM

Yes, we should have built a huge fence to keep them out... Oh wait.. That's a different thread.

EdwardA · 12-26-2011, 12:14 PM

Libs grasping at straws.

desertdetroiter · 12-26-2011, 12:21 PM

Quote:

Originally Posted by EdwardA

Libs grasping at straws.

Not really. It's overstating it a bit, sure, but it's a true story. And one that should've sent a hell of a lot of folks to jail.

Three Wolves In Snow · 12-26-2011, 12:22 PM

CA's economic downfall was solely the fault of those who kept voting for the ultra liberals to run their state.

HappyTexan · 12-26-2011, 12:26 PM

So are you now in awe of the powers of the Great State of Texas ?

Better be nice to us now..or else we'll destroy your local economy from 1/2 across the US.