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hcap
01-07-2011, 04:42 PM
So what happened?

http://www.nytimes.com/2011/01/07/opinion/07krugman.html?_r=1&partner=rssnyt&emc=rss

..Wait — Texas? Wasn’t Texas supposed to be thriving even as the rest of America suffered? Didn’t its governor declare, during his re-election campaign, that “we have billions in surplus”? Yes, it was, and yes, he did. But reality has now intruded, in the form of a deficit expected to run as high as $25 billion over the next two years.

................................................

Not to mention that Perry balanced the budget in 2009 with $12 billion dollars of the Obama’s stimulus bill — while bragging about how awesome the state economy was and threatening to secede from the Union.

The whole “Texas Miracle” thing was a fraud.

Probably the faualt of public employees and of course the EVIL atheistic unions :bang: :bang:

Saratoga_Mike
01-07-2011, 04:54 PM
So what happened?

http://www.nytimes.com/2011/01/07/opinion/07krugman.html?_r=1&partner=rssnyt&emc=rss

..Wait — Texas? Wasn’t Texas supposed to be thriving even as the rest of America suffered? Didn’t its governor declare, during his re-election campaign, that “we have billions in surplus”? Yes, it was, and yes, he did. But reality has now intruded, in the form of a deficit expected to run as high as $25 billion over the next two years.

................................................

Not to mention that Perry balanced the budget in 2009 with $12 billion dollars of the Obama’s stimulus bill — while bragging about how awesome the state economy was and threatening to secede from the Union.

The whole “Texas Miracle” thing was a fraud.

Probably the faualt of public employees and of course the EVIL atheistic unions :bang: :bang:

According to the BLS, the unemployment rate in Texas in November 2010 was 8.2% compared with the national avg of 9.8%. Nineteen states had lower unemployment rates, but Texas is certainly in better shape than California and many other states.

Personally I don't like Rick Perry (too smooth - seems like a used car salesman), but the "Texas Miracle" thing is just another one of Krugman's many delusions where he thinks Reps are being unfairly praised.

As for the public unions, it's Andrew Cuomo, a Dem, who is about to beat up on them.

hcap
01-07-2011, 05:19 PM
Many states are struggling. Just interesting that the much ballyhooed conservative bragging fell lat on it's keister. And as I mentioned after all the bitching and moaning about the stimulau, Perry balanced the budget in 2009 with $12 billion dollars of the Obama’s stimulus bill


http://www.statesman.com/blogs/content/shared-gen/blogs/austin/firstreading/entries/2009/07/23/texas_budgetwriters_relied_mos.html

Texas was one of the few states to avoid a budget shortfall in the current year. But the report also projects a budget gap of $4 billion to $5 billion a year starting in the 2012 budget year. Â This is all worth pointing out because state leaders rarely mention the $12 billion in stimulus dollars they received when they discuss what great work they did to balance the budget, and because Gov. Rick Perry was one of the country’s most dogged critics of the stimulus dollars.

Saratoga_Mike
01-07-2011, 05:28 PM
Glad you're happy, but it just isn't that interesting, imo.

bigmack
01-07-2011, 05:34 PM
Anytime, anyone who was ever associated with Reagan appears on Fresh Air with Terry Gross she invariably axes "Isn't it ironic, as much as he talked about family values that his first marriage ended in divorce?" To which each guest say "huh?"

Krugman is the biggest fool around. Like hcap they search out little imperfections and say what about this?

I've grown weary of being one of the few around here getting actual data but 'dollars to donuts' says much of Krudman's figures are flawed.

(Note to self. Start a website called Debate.com and have various op/ed types debate issues via Skype. We'll see how many of these lopsided points hold-up to scrutiny)

Saratoga_Mike
01-07-2011, 05:37 PM
Given his credentials, Krugman is not an impressive individual - in person or in his written word.

hcap
01-07-2011, 05:45 PM
Not happy about any ones' misfortune. But maybe those Texans that think spending cuts, and tax cuts all by themselves are a magic bullet deserve some crow for dinner. Meaning Perry and the other hypocritical Texas legislators who bailed the state out using Obamas' evil socialistic, commie stimulus.

hcap
01-07-2011, 05:50 PM
Krugman is the biggest fool around. Like hcap they search out little imperfections and say what about this?
Amazing!

This site is a 24/7/365 constant barrage of Obamas' imperfections and outright lies. You are leading that charge among others.

Steve R
01-07-2011, 05:53 PM
Many states are struggling. Just interesting that the much ballyhooed conservative bragging fell lat on it's keister. And as I mentioned after all the bitching and moaning about the stimulau, Perry balanced the budget in 2009 with $12 billion dollars of the Obama’s stimulus bill
Much like the earlier conservative bragging about Argentina, Chile, Iceland and Ireland as the poster children of global neoliberal economics.

Robert Goren
01-07-2011, 06:34 PM
Much like the earlier conservative bragging about Argentina, Chile, Iceland and Ireland as the poster children of global neoliberal economics.Ireland is deep trouble because in the late 90's they made deep cuts in their corporate tax rates. The plan was that alone would bring in a lot of large corporation to their shores. Although they got a few small companies to relocate, the plan as whole was a massive failure. Conservatives never like to talk about the Ireland corporate tax debacle because it goes against some their core beliefs. They don't like admit that one of their ideas failed even once.

Saratoga_Mike
01-07-2011, 06:45 PM
Ireland is deep trouble because in the late 90's they made deep cuts in their corporate tax rates. The plan was that alone would bring in a lot of large corporation to their shores. Although they got a few small companies to relocate, the plan as whole was a massive failure. Conservatives never like to talk about the Ireland corporate tax debacle because it goes against some their core beliefs. They don't like admit that one of their ideas failed even once.

The lower corporate tax rate attracted lots of foreign capital and businesses, including many tech and pharma companies. The problem with Ireland is the leverage in their system, pressured by a deflating commerical and residental real estate bubble. If you tour the country, you'll see lots of businesses (large ones like Intel) have relocated to Ireland.

Your analysis here is just factually incorrect.

bigmack
01-07-2011, 06:46 PM
Ireland is deep trouble because in the late 90's they made deep cuts in their corporate tax rates.
I've lost count. How many times have you been completely wrong around here?

http://i165.photobucket.com/albums/u70/macktime/ire.png

http://www.csmonitor.com/Commentary/Editorial-Board-Blog/2010/1124/Ireland-hangs-on-to-its-low-corporate-tax-rate-as-if-it-s-a-life-line

prospector
01-07-2011, 07:03 PM
Ireland is deep trouble because in the late 90's they made deep cuts in their corporate tax rates. The plan was that alone would bring in a lot of large corporation to their shores. Although they got a few small companies to relocate, the plan as whole was a massive failure. Conservatives never like to talk about the Ireland corporate tax debacle because it goes against some their core beliefs. They don't like admit that one of their ideas failed even once.
so, you don't feel that corporate taxes are a tariff against America? that the only people who suffer from them are the shareholders and customers..you do realize that corporations are merely a legal entity...

Native Texan III
01-07-2011, 07:03 PM
Bigmack is correct.
All the big USA and EU high tech and pharmaceutical companies have large factories in Eire.
Apart from the corporation tax rate the main attraction remains a young highly educated and hard working labor force with access to EU markets and using the Euro as trading currency. EU development funds further helped to build the infrastructure to attract even more big foreign companies.
In fact, the Eire Government was in surplus right up until they had to bail out their banks due to their kamikaze loans to developers. Like many Governments they presumed the banks actually knew their business, so when the bubble burst it was not anticipated.

NJ Stinks
01-07-2011, 07:23 PM
Given his credentials, Krugman is not an impressive individual - in person or in his written word.

As long as we are giving opinions on the man, I like Krugman a lot.

ArlJim78
01-07-2011, 07:27 PM
desperate times call for desperate measures, but citing an opinion piece by the laughingstock Krugman is really off the mark. he has zero credability and has been proven time and again to be a quack.

bigmack
01-07-2011, 07:27 PM
As long as we are giving opinions on the man, I like Krugman a lot.
Then again you're wild about Ezra Klein. :rolleyes:

You, Ez & Krudman. A trifecta of oafishness.

Saratoga_Mike
01-07-2011, 07:29 PM
As long as we are giving opinions on the man, I like Krugman a lot.

You obviously don't read his column, or perhaps you know few economic facts - which is it?

Robert Goren
01-07-2011, 08:13 PM
I love it a conservatives make excuses when one their policies fails. Next up South Carolina. It with it ultra conservative state government still has an unemployment rate over 2% higher than the liberalist state in the nation, New York. The posting of nonsense excuses starts now.

bigmack
01-07-2011, 08:15 PM
Next up South Carolina. It with it ultra conservative state government still has an unemployment rate over 2% higher than the liberalist state in the nation, New York. The posting of nonsense excuses starts now.
Back to SC again? That's a tired routine for you.

Get back to Ireland and back up your dopey post with some facts for once. Just one time.

Spiderman
01-07-2011, 08:21 PM
I must have missed it. Has anyone mentioned that Krugman won the Nobel Memorial Prize in Economics for his contributions to New Trade Theory and New Economic Geography.

ArlJim78
01-07-2011, 08:26 PM
No, Paul Krugman, Texas Is Not Broke (http://www.nationalreview.com/exchequer/256614/no-paul-krugman-texas-not-broke)

Doesn't every state have a $10 billion rainy day fund?

bigmack
01-07-2011, 08:28 PM
I must have missed it. Has anyone mentioned that Krugman won the Nobel Memorial Prize in Economics for his contributions to New Trade Theory and New Economic Geography.
Not to mention B.O. won a Nobel Peace Prize, Michael Moore an Oscar & Al Gore a Nobel Peace Prize Laureate. :ThmbUp:

Krugman winning that award is like Cuba Gooding winning an Oscar. :rolleyes:

Robert Goren
01-07-2011, 08:31 PM
The lower corporate tax rate attracted lots of foreign capital and businesses, including many tech and pharma companies. The problem with Ireland is the leverage in their system, pressured by a deflating commerical and residental real estate bubble. If you tour the country, you'll see lots of businesses (large ones like Intel) have relocated to Ireland.

Your analysis here is just factually incorrect.The same thing happen in places like Germany and they are doing a lot better than the Irish. For the record, Intel employs about 4,000 people in Ireland. By way of comparsion they employ 15,000 in Oregon and that is not even close to what they employ in various parts of California. McDonalds employs more people in Nebraska than Intel employs in Ireland. Get over it. Admit a failure once in a while.

Spiderman
01-07-2011, 08:34 PM
Not to mention B.O. won a Nobel Peace Prize, Michael Moore an Oscar & Al Gore a Nobel Peace Prize Laureate. :ThmbUp:

Krugman winning that award is like Cuba Gooding winning an Oscar. :rolleyes:

Reagan, Bush and junior win anything? Belittling a Nobel prize winner is typical and :sleeping: so ho-hum.

Saratoga_Mike
01-07-2011, 08:39 PM
Reagan, Bush and junior win anything? Belittling a Nobel prize winner is typical and :sleeping: so ho-hum.

The Cold War.

Spiderman
01-07-2011, 08:41 PM
The Cold War.

The Beatles and Gorbachev are my top nominees for cold war heroes

Robert Goren
01-07-2011, 08:44 PM
Not to mention B.O. won a Nobel Peace Prize, Michael Moore an Oscar & Al Gore a Nobel Peace Prize Laureate. :ThmbUp:

Krugman winning that award is like Cuba Gooding winning an Oscar. :rolleyes:When conservatives discuss Milton Friedman, Nobel Prize for Economics is big deal, not so much so when discussing Paul Samuelson.

bigmack
01-07-2011, 08:44 PM
Admit a failure once in a while.
Back up this statement or get ready to to admit a failure.

Just once. Give it a go.

Ireland is deep trouble because in the late 90's they made deep cuts in their corporate tax rates.

Robert Goren
01-07-2011, 08:50 PM
The Cold War.If you listened to the republicans during the Start Treaty debate you would have thought Reagan couldn't have won The Cold War because it is still going on.

Robert Goren
01-07-2011, 08:59 PM
Back up this statement or get ready to to admit a failure.

Just once. Give it a go.They cut Corporate Taxes and now are in economic hard times that are far worse than other European Countries that didn't cut them. What is that you are denying? That aren't in worse shape than other European Countries or that they didn't cut Corporate Tax rates or both? If I was a conservative I wouldn't to discuss South Carolina either so I am not surprised that you don't.

bigmack
01-07-2011, 09:05 PM
They cut Corporate Taxes and now are in economic hard times that are far worse than other European Countries that didn't cut them. What is that you are denying?
What is your major malfunction? Back it up with facts, not your twisted logic.

Show their Corp tax rate is the reason.

Saratoga_Mike
01-07-2011, 09:07 PM
What is your major malfunction? Back it up with facts, not your twisted logic.

Show their Corp tax rate is the reason.

Could he also please tell us what the debt to GDP is in Ireland and then compare it to Italy, Greece and Belgium (that one is about to flare up)?

NJ Stinks
01-07-2011, 09:08 PM
Then again you're wild about Ezra Klein. :rolleyes:

You, Ez & Krudman. A trifecta of oafishness.

Yep. I also like Joe Biden and especially Nancy Pelosi.

You don't have to like any of them, Mack. I like them and me enough for both of us. :jump:

NJ Stinks
01-07-2011, 09:11 PM
You obviously don't read his column, or perhaps you know few economic facts - which is it?

I know I read his column. And I'm not sure how long I've been beating my wife. :p

Tom
01-07-2011, 09:41 PM
hcap, did you hear that outburst in the House yesterday - about Obama not being a citizen, during the reading of the constitution?

It's in the Congressional Record now! :lol:

bigmack
01-07-2011, 10:52 PM
Could he also please tell us what the debt to GDP is in Ireland and then compare it to Italy, Greece and Belgium (that one is about to flare up)?
He's got nothin'. Comes into the thread adding 2 and 2 and gets 14. "Hey, they cut Corp taxes close to 20 years ago and they're bad off now. I rest my case."

Truth be told, I'm a bigger fool thinking he could offer a sound debate. Waste of time. :bang:

Rookies
01-07-2011, 11:10 PM
Hmmm... personally, a fine Eire citizen has it cold, but due to some of the usage of the one of the "7 dirty words", you may have to search yourself. May be a TOS issue.

Try You Tube and " Irish Bankers " ;)

delayjf
01-08-2011, 12:29 AM
I love it a conservatives make excuses when one their policies fails.
Speaking of failed policies, hows the Gov run heathcare in Mass, Tenn and San Francisco working out?

Well see real soon how progressive policy works out here in CA. Should be a nice barameter as to what the rest of the country can look forward to. So far progessive policy has lead to a 25 billion dollar deficit here in CA - we shall see.

bigmack
01-08-2011, 12:57 AM
Hmmm... personally, a fine Eire citizen has it cold, but due to some of the usage of the one of the "7 dirty words", you may have to search yourself. May be a TOS issue.

Try You Tube and " Irish Bankers " ;)
That looks to be a post riddled with effects of imbibement.

mostpost
01-08-2011, 01:39 AM
Truth be told, I'm a bigger fool
Can't argue with that. :lol: :lol:

bigmack
01-08-2011, 02:12 AM
Can't argue with that. :lol: :lol:
Complete the picture and tell me you laugh through your nose like Olbermann.

hcap
01-08-2011, 07:34 AM
hcap, did you hear that outburst in the House yesterday - about Obama not being a citizen, during the reading of the constitution?

It's in the Congressional Record now! :lol:Stranger things make the congressional record.

Michelle Bachman, Joe Barton, Jim Inhoffe and Boehners' new over compensating gavel :bang:

bigmack
01-08-2011, 07:28 PM
So what happened?
The whole “Texas Miracle” thing was a fraud.
As usual, you & Krugman remain delusional.

http://i165.photobucket.com/albums/u70/macktime/krug.png
http://www.nationalreview.com/exchequer/256614/no-paul-krugman-texas-not-broke

ElKabong
01-08-2011, 09:17 PM
Many states are struggling. Just interesting that the much ballyhooed conservative bragging fell lat on it's keister. And as I mentioned after all the bitching and moaning about the stimulau, Perry balanced the budget in 2009 with $12 billion dollars of the Obama’s stimulus bill

Your credibility disintegrates with every post. Tx doing badly? It's like a team (TX) beating an opponent (NY for example) 52-3 and some moron says "yeah but TX has only passed for 35 yards this quarter".

We gained yet more congressional seats via the census. Unemployment here is lower than the US average.... Yep, we're on our keister alright.....

ElKabong
01-08-2011, 09:26 PM
Personally I don't like Rick Perry (too smooth - seems like a used car salesman), but the "Texas Miracle" thing is just another one of Krugman's many delusions where he thinks Reps are being unfairly praised.

As for the public unions, it's Andrew Cuomo, a Dem, who is about to beat up on them.

i fully agree about Perry. Can't see him in a role to turn something around, but for his position in this state, at this time, he's the fit. "Just don't screw it up" has served him well. GWB did an awesome job of telling business that Texas is a great place to move to. Perry has done nothing to reverse that, but hasn't done much to advance in other areas.

The past 2 corps I've worked for are perfect examples of GWB's efforts to bring corporations to Texas from other states. Our gain, their loss. Folks from elesewhere sometimes get pissed off, even envious to a point (see original post & poster). So be it.

But Perry? He's a head of hair and little else....what he hassn't done tho, is tank this state like CA and others are going thru right now

hcap
01-09-2011, 06:03 AM
So? nobody seems to be taking this into account. Where exactly would the state's budget be without it?

Perry balanced the budget in 2009 with $12 billion dollars of the Obama’s stimulus bill

http://www.statesman.com/blogs/cont...relied_mos.html

Texas was one of the few states to avoid a budget shortfall in the current year. But the report also projects a budget gap of $4 billion to $5 billion a year starting in the 2012 budget year. Â This is all worth pointing out because state leaders rarely mention the $12 billion in stimulus dollars they received when they discuss what great work they did to balance the budget, and because Gov. Rick Perry was one of the country’s most dogged critics of the stimulus dollars.

delayjf
01-09-2011, 11:12 AM
A lot better than CA - who also took billions in stimulus and is still 25 billion in the hole - THIS FISCAL YEAR ALONE.

Steve R
01-09-2011, 11:47 AM
From THE IRISH TIMES, September 3, 2010:

"About 20 multinational companies have relocated their corporate headquarters to Ireland over the past year because they are able to pay “little or no tax” here, according to the Revenue Commissioners.

The firms, which are mostly US- and UK-owned, have been moving their main holding companies away from places like Bermuda and the Cayman Islands because of plans by a number of governments to clamp down on tax havens.

Internal briefing material drawn up by Revenue officials shows there has been a significant rise in firms transferring the residence of their main holding companies to Ireland or considering doing so. The very limited amount of tax paid by some of these firms indicates they do not have any meaningful presence here in terms of investment or jobs."

Steve R
01-09-2011, 11:58 AM
A good read:

Invisible ideology and the political middle-ground of Irish neoliberalism (http://irelandafternama.wordpress.com/2010/03/04/invisible-ideology-and-the-political-middle-ground-of-irish-neoliberalism/)

ElKabong
01-09-2011, 03:53 PM
So what happened?

http://www.nytimes.com/2011/01/07/opinion/07krugman.html?_r=1&partner=rssnyt&emc=rss

..Wait — Texas? Wasn’t Texas supposed to be thriving even as the rest of America suffered? Didn’t its governor declare, during his re-election campaign, that “we have billions in surplus”? Yes, it was, and yes, he did. But reality has now intruded, in the form of a deficit expected to run as high as $25 billion over the next two years.

................................................

Not to mention that Perry balanced the budget in 2009 with $12 billion dollars of the Obama’s stimulus bill — while bragging about how awesome the state economy was and threatening to secede from the Union.

The whole “Texas Miracle” thing was a fraud.

Probably the faualt of public employees and of course the EVIL atheistic unions :bang: :bang:

Since the OP believes whatever he sees in his media outlet of choice, here's a retort from a Tx political forum I follow on this same subject........

Wow, I'm suppose to take this seriously when this guy can't even get the most basic numbers right. To start with, $25 billion is the high estimate and most people do not think it will be that high, probably anywhere from $18 to $21 billion.

Second, $95 billion biennium budget? He's off by about half.

Third, he makes no mention that Texas actually has revenue in our Rainy Day Fund and Permanent School Fund so Texas is in a better position to weather the storm.

Lastly, there are numerous reason but just the fact that we have to balance our budget and can't run deficits is enough to deem the Ireland comparison stupid.

This reads like a desperate hack hoping for failure in one of our nation's most prosperous states.

btw, Texas has a Legislature, not a Congress.

ArlJim78
01-08-2013, 04:55 PM
So what happened?

http://www.nytimes.com/2011/01/07/opinion/07krugman.html?_r=1&partner=rssnyt&emc=rss

..Wait — Texas? Wasn’t Texas supposed to be thriving even as the rest of America suffered? Didn’t its governor declare, during his re-election campaign, that “we have billions in surplus”? Yes, it was, and yes, he did. But reality has now intruded, in the form of a deficit expected to run as high as $25 billion over the next two years.

................................................

Not to mention that Perry balanced the budget in 2009 with $12 billion dollars of the Obama’s stimulus bill — while bragging about how awesome the state economy was and threatening to secede from the Union.

The whole “Texas Miracle” thing was a fraud.

Probably the faualt of public employees and of course the EVIL atheistic unions :bang: :bang:
well it's time to review this old chesnut. so many of you were all giddy about Texas having lost control of it's debt, laughing about the "Texas miracle".
well much has changed in two years. Yes they made the hard choices, tightened their belts, just as Rick Perry promised. Now guess what? Deficit gone as of 2014!


Texas Starts Budget Debate Flush With Energy Boom Cash (http://www.bloomberg.com/news/2013-01-07/texas-starts-budget-debate-flush-with-energy-boom-cash.html)


The Texas economy has topped budget projections over the
past 15 months, as booming energy output fueled job growth and an 11 percent fiscal first-quarter gain in sales-tax receipts, the biggest source of
general-fund revenue. Even after paying off $7 billion in health and school
bills, Comptroller Susan Combs said today that the state will be flush heading
into 2014.


Feel free to update us on the progress made by the "Blue-State miracles" like Illinois and California. :lol:

JustRalph
01-08-2013, 07:21 PM
Hcap???? Where are you? Krugman???

Texas is evolving toward punishing the riff raff. Running them out of the State to save money. It's working :lol:

Here's a few more bucks saved.

http://www.ncregister.com/daily-news/texas-ban-on-planned-parenthood-funds-takes-effect/



Jim, great post!!

JustRalph
01-09-2013, 01:29 AM
http://hotair.com/greenroom/archives/2013/01/08/texas-not-the-only-state-with-a-surplus/

More on the same subject

JustRalph
01-09-2013, 03:24 AM
http://www.bloomberg.com/news/2013-01-07/texas-starts-budget-debate-flush-with-energy-boom-cash.html


Hcap.......where are you? Krugman lovers? Come out to play?

Robert Goren
01-09-2013, 10:43 AM
Texas is a joke. You can't even through an ADW from there. You keep electing jokers like Perry and then you get stupid laws like that. I thought I lived in state with dumbest politicians, I had forgotten about Texas.

hcap
01-09-2013, 10:46 AM
http://www.bloomberg.com/news/2013-01-07/texas-starts-budget-debate-flush-with-energy-boom-cash.html


Hcap.......where are you? Krugman lovers? Come out to play? I will comment later when I have a chance to check it out.

But I am surprised. Perry is an asshole Big time :)

Tom
01-09-2013, 11:02 AM
When did he switch parties? :confused:

hcap
01-09-2013, 11:23 AM
Refresh my memory. Was this a republican primary debate? Or a democratic primary debate? You remember during the last ass-whipping presidential election? Don't you? Or would you like me to REMIND you again? :)

/mv9LBUG4KsE?

JustRalph
01-09-2013, 04:21 PM
Apparently he's a financial genius compared to Krugman

ArlJim78
01-09-2013, 04:58 PM
Republican governors (http://washingtonexaminer.com/morning-examiner-the-republican-surpluses/article/2517995)in Michigan, Florida, Texas, Tennessee, Iowa cut spending, did not raise taxes and now have surpluses and growing economies.

On the other hand progressive laboratories like Illinois and California raised taxes big time and surprise! their deficits are worse, their economies stagnant and credit ratings soon to be downgraded.

rastajenk
01-09-2013, 05:33 PM
I'm surprised someone hasn't suggested blue states mint their own trillion dollar coins so they can keep up with their neighbors.

Robert Goren
01-09-2013, 05:47 PM
Republican governors (http://washingtonexaminer.com/morning-examiner-the-republican-surpluses/article/2517995)in Michigan, Florida, Texas, Tennessee, Iowa cut spending, did not raise taxes and now have surpluses and growing economies.

On the other hand progressive laboratories like Illinois and California raised taxes big time and surprise! their deficits are worse, their economies stagnant and credit ratings soon to be downgraded. I have a brother who lives in Iowa who would disagree with you about the state of the economy in Iowa. He says nothing has changed in Iowa since late 2008. He says they are still in a major recession and their idiot governor is only making things worse and my brother is a lifelong republican voter. He voted the guy several times in 1990s and again in 2009 thinking he could do what he did before as governor. He say Branstad was a pretty good governor in 90s, but this time around he has been flop.

dartman51
01-09-2013, 06:13 PM
I have a brother who lives in Iowa who would disagree with you about the state of the economy in Iowa. He says nothing has changed in Iowa since late 2008. He says they are still in a major recession and their idiot governor is only making things worse and my brother is a lifelong republican voter. He voted the guy several times in 1990s and again in 2009 thinking he could do what he did before as governor. He say Branstad was a pretty good governor in 90s, but this time around he has been flop.

Iowa has the 4th best unemployment rate, behind North Dakota, Nebraska and South Dakota, at 4.9. Doesn't look too bad to me. :ThmbUp:

http://www.bls.gov/web/laus/laumstrk.htm

hcap
01-09-2013, 06:21 PM
Poverty by state.

http://en.wikipedia.org/wiki/List_of_U.S._states_by_poverty_rate

http://upload.wikimedia.org/wikipedia/commons/thumb/6/60/US_states_by_poverty_rate.svg/350px-US_states_by_poverty_rate.svg.png

And http://www.huffingtonpost.com/2012/09/22/americas-poorest-states-2_n_1904513.html#slide=more252177

I wouldn't brag too much about red states. :)

http://www.infoplease.com/ipa/A0104529.html

Percent of People in Poverty, by State,

For 20110. Sorted greatest poverty to least

State Percent

Mississippi 22.7
Louisiana 21.6
District of Columbia 19.9
Georgia 18.7
Arizona 18.6
New Mexico 18.6
Texas 18.4
Kentucky 17.7
North Carolina 17.4
Alabama 17.3
South Carolina 17
West Virginia 16.9
Tennessee 16.7
Nevada 16.4
California 16.3
Indiana 16.3
Oklahoma 16.3
Florida 16
New York 16
Arkansas 15.5
Michigan 15.5
Ohio 15.3
Missouri 14.8
Kansas 14.3
Oregon 14.2
Illinois 14.1
Idaho 14
Montana 14
Rhode Island 13.6
South Dakota 13.2
Maine 12.5
Alaska 12.4
Colorado 12.2
North Dakota 12.2
Pennsylvania 12.2
Delaware 12.1
Hawaii 12.1
Washington 11.5
Maryland 10.8
Vermont 10.8
New Jersey 10.7
Virginia 10.7
Massachusetts 10.6
Minnesota 10.5
Iowa 10.3
Nebraska 10.2
Utah 10
Wisconsin 9.9
Wyoming 9.6
Connecticut 8.3
New Hampshire 6.6

Robert Goren
01-09-2013, 06:54 PM
Iowa has the 4th best unemployment rate, behind North Dakota, Nebraska and South Dakota, at 4.9. Doesn't look too bad to me. :ThmbUp:

http://www.bls.gov/web/laus/laumstrk.htm Like Nebraska , they are mostly part time minimium wage jobs. He says they are a lot of help wanted signs in the windows, but when you go to apply, they say they just taking apps and are not hiring. He managed a warehouse for the local cable company for over 15 years until was laid off in the fall 2008. They hired someone for half his wage. He could not even get a job at McDonald's. He took early SS last year and would still like a part time job, but he can't find one. Doesn't sound booming to me.
Everybody who lives in Nebraska knows their numbers are a lie. Not even fake signs here. Nobody quits here because they know they won't find a job.

JustRalph
01-09-2013, 07:37 PM
Like Nebraska , they are mostly part time minimium wage jobs. He says they are a lot of help wanted signs in the windows, but when you go to apply, they say they just taking apps and are not hiring. He managed a warehouse for the local cable company for over 15 years until was laid off in the fall 2008. They hired someone for half his wage. He could not even get a job at McDonald's. He took early SS last year and would still like a part time job, but he can't find one. Doesn't sound booming to me.
Everybody who lives in Nebraska knows their numbers are a lie. Not even fake signs here. Nobody quits here because they know they won't find a job.

I wonder why part time jobs are now the priority? Hmmm,........what could it be?

Hcap, Texas is no longer tolerating the riff raff.......get used to it. It's a conscience effort to get them to relocate. Helps explain your chart...

JustRalph
05-28-2013, 07:39 PM
Houston flying high

Houston Is Unstoppable: Why Texas' Juggernaut Is America's #1 Job Creator

http://www.theatlantic.com/business/archive/2013/05/houston-is-unstoppable-why-texas-juggernaut-is-americas-1-job-creator/275927/


Related

Texas passes business tax cuts of a billion bucks

http://www.cnbc.com/id/100768909

ElKabong
05-29-2013, 08:50 PM
Reading over this thread some, it just amazes me how hcap swallows media lies, whole. Most gullible person I've witnessed on the Net.... You'd want her / him at your poker table.

hcap
05-29-2013, 08:55 PM
Did not realize you could read.

JustRalph
05-29-2013, 08:58 PM
Did not realize you could read.

http://www.50states.com/flag/image/nunst070.gif

Read this

:cool: :ThmbUp:

tucker6
05-29-2013, 09:28 PM
compared to the rest of the world, our "poverty stricken" do quite well. I have lived in areas where a worker would dig a ditch for 10 hours for $1 or the equivalent in rice. A family of four living/sleeping on the beach under a cardboard box. The beach and ocean were so full of feces that I was warned never to step foot in/on it. No lie. This was in Indonesia in the 90's. I have also been in towns in Mexico where the huts had no enclosed windows, flies galore, and the children ran around naked. That is REAL poverty my friends.

Valuist
06-28-2013, 10:16 AM
According to Meredith Whitney, blue states could be headed for real problems going forward:

http://finance.yahoo.com/blogs/daily-ticker/bernanke-costs-illinois-130m-blue-states-peril-meredith-141918563.html

Robert Fischer
06-28-2013, 10:37 AM
No mention of the Ezekiel Gilbert acquittal?
Guy claimed a prostitute tried to scam him for $150.
Guy used an AK-47 assault rifle to spray the getaway car with bullets. Paralyzed/braindead and eventually killed the prostitute.

Acquitted and ruled he was retrieving stolen property and legally allowed to kill. :confused:

http://www.nydailynews.com/news/crime/jilted-john-acquitted-texas-prostitute-death-article-1.1365975

JustRalph
06-28-2013, 12:48 PM
No mention of the Ezekiel Gilbert acquittal?
Guy claimed a prostitute tried to scam him for $150.
Guy used an AK-47 assault rifle to spray the getaway car with bullets. Paralyzed/braindead and eventually killed the prostitute.

Acquitted and ruled he was retrieving stolen property and legally allowed to kill. :confused:

http://www.nydailynews.com/news/crime/jilted-john-acquitted-texas-prostitute-death-article-1.1365975

Old news.

Jury nullification. :sleeping:

Robert Fischer
06-28-2013, 01:20 PM
Old news.

Jury nullification. :sleeping:

they nullified that decision ?

johnhannibalsmith
06-28-2013, 01:39 PM
they nullified that decision ?

Don't know the case, but usually it implies that the jury considers the defendant guilty of having committed the act he is charged with having committed, but feels that the state has overcharged or applied the law incorrectly or even that the law itself is flawed. We have some history of using it in more obvious scenarios, such as prohibition-era crimes relating to alcohol and slave-era fugitives from the south.

JustRalph
06-28-2013, 04:44 PM
they nullified that decision ?


http://en.wikipedia.org/wiki/Jury_nullification


Think OJ

NJ Stinks
06-28-2013, 06:18 PM
No mention of the Ezekiel Gilbert acquittal?
Guy claimed a prostitute tried to scam him for $150.
Guy used an AK-47 assault rifle to spray the getaway car with bullets. Paralyzed/braindead and eventually killed the prostitute.

Acquitted and ruled he was retrieving stolen property and legally allowed to kill. :confused:

http://www.nydailynews.com/news/crime/jilted-john-acquitted-texas-prostitute-death-article-1.1365975

Kill somebody for $150 and have a jury certify the kill. Pathetic.

If all goes well, I won't ever spend another dime in Texas.

horses4courses
06-28-2013, 07:58 PM
Kill somebody for $150 and have a jury certify the kill. Pathetic.

If all goes well, I won't ever spend another dime in Texas.

I bought gas in Amarillo once in '93.
First, and last, dime spent there for me.

Tom
06-28-2013, 10:37 PM
An economic boycott?
Well there ya go...Texas is toast.


Texas Toast? :lol: :lol: :lol:

I just sent a $20 bill to Texas and asked them to throw it on the sidewalk in
Dallas!

delayjf
06-29-2013, 10:14 AM
If you buy gas at all there's a good chance it came thru TX - ya'll come back now, ya hear.

classhandicapper
06-29-2013, 12:39 PM
IMO Texas has been one of the better run states strictly in terms of attracting business, but IMO it is doomed in the medium term by the changing demographics. It will eventually turn blue and sink into the economic abyss with the northeast and CA.

If you get overrun by millions of under skilled and under educated workers in an economy that puts a premium on high skill and high education and then you are required to take care of some them when they can't support their own housing, food, health care, education, and other family needs you are ****ed.

Then again, when did economic reality ever have anything to do with fashionable political correctness.

I'm the grandson of low skilled low education Italian immigrants. So I am not anti immigration. But when my grandparents came here there were NO social safety net programs and you didn't need an education or highly specialized skill to make ends meet and support your own family. They gave you a shovel or sledge hammer and you had a good enough job to support yourself and family. There were many construction and other lower skilled jobs. Plus, the "family" was like iron. Not only did you have a father and mother, you had aunts, uncles, great aunts, great uncles, first and 2nd cousins etc.. And they were all so close, if you got yourself into trouble economically you had a support system to tide you over and help out. Compare that to now.

Immigration policy should be tied to skills and education.

If you bring highly skilled and educated workers here it will put pressure on wages for Americans, but they should at least be a net positive.

If you allow low skill and under educated workers to overrun the place either legally or illegally, you put pressure on wages for Americans (especially at the bottom where many Americans are already in bad shape) but also wind up having to cover many of the costs associated with them because they can't make ends meet and wind up relying on government services. So it's a net negative.

We have already struggling Americans straining all the social safety net programs because they are under skilled and under educated with broken families unable to help support them and we are throwing gasoline on the fire.


If you want to think forward a generation or two, perhaps it will all work out as their children do better, but for right now when we are already in bad shape and strained IMO we are being dumber than a bag of stones.

classhandicapper
06-29-2013, 01:00 PM
Just one other thought.

If Paul Krugman and I sat down together and took IQ tests together, I'd be willing to bet anything he would score higher than me (and I'm not insulting myself here). But he's a good example of how a brilliant man can become trapped by a flawed model of thinking that he can never shake free of no matter how much evidence is placed before him.

A person's ego often gets tied to a model of thinking about politics, economics, horse racing, the stock marker etc. Then rather than changing the model as new evidence comes in, they try to fit square pegs into round holes, ignore facts, spin facts away etc..... They will do pretty much anything to avoid reality and have to admit they spent their entire career being wrong. Their ego won't allow for it.

Krugman is probably a brilliant man, but IMO he has a delusional view of reality that is tied to his idealistic political views.

JustRalph
09-13-2013, 07:46 PM
http://hotair.com/archives/2013/09/13/rick-perry-when-you-grow-tired-of-maryland-taxes-squeezing-every-dime-out-of-your-business-think-texas/

Maryland is apparently the latest target in an ongoing campaign by Texas Gov. Rick Perry (R) to lure businesses and employees to the Lone Star State.

“When you grow tired of Maryland taxes squeezing every dime out of your business, think Texas, where we’ve created more jobs than all the other states combined,” Perry says in a new ad set to begin airing this week in the Washington region, according to WTOP radio.

Besides touting the economic advantages of his state, Perry also takes a shot at Maryland Gov. Martin O’Malley (D), who is weighing a 2016 White House bid.

“Unfortunately, your governor has made Maryland the tax-and-fee state, where businesses and families are paying some of the highest taxes in America,” says Perry.

_more a the link_

Robert Goren
09-13-2013, 09:14 PM
The biggest disadvantage that Texas has is that Rick Perry is its governor.

JustRalph
09-13-2013, 09:39 PM
The biggest disadvantage that Texas has is that Rick Perry is its governor.


Yeah, he's managed to screw it up so badly...........

He's the longest serving Governor in State history ........and things are so screwed up :rolleyes:

Marshall Bennett
09-14-2013, 09:29 AM
The biggest disadvantage that Texas has is that Rick Perry is its governor.
What a ridiculous statement even for you. He's one of the best governors the state's ever had.

Tom
09-14-2013, 10:53 AM
The biggest disadvantage that Texas has is that Rick Perry is its governor.


Details, specifically....


1.

2.

3.

johnhannibalsmith
09-14-2013, 11:20 AM
Details, specifically....


1.

2.

3.

He will remember one and two, but number three may slip his mind. :D

Robert Goren
09-14-2013, 11:33 AM
Details, specifically....


1.

2.

3.Go back and watch him in the GOP presidential debates of 2012. Despite the backing of many of the GOP power brokers and all the money in the world, he was gone very quickly from the race because of his God awful debate performances.

Marshall Bennett
09-14-2013, 12:14 PM
Go back and watch him in the GOP presidential debates of 2012. Despite the backing of many of the GOP power brokers and all the money in the world, he was gone very quickly from the race because of his God awful debate performances.
What does that have to do with his record as governor of Texas, smart guy?

dav4463
09-14-2013, 01:15 PM
Don't mess with Texas.

Tom
09-14-2013, 04:13 PM
Go back and watch him in the GOP presidential debates of 2012. Despite the backing of many of the GOP power brokers and all the money in the world, he was gone very quickly from the race because of his God awful debate performances.


And how does that affect the residents of Texas?
Did Texans have to pay higher taxes because of it?

All the poor performances by the losers of the debates have been dwarfed by the pitifully poor performance by the winner of the election. You know, Putin's Bitch.

JustRalph
09-14-2013, 07:16 PM
And how does that affect the residents of Texas?
Did Texans have to pay higher taxes because of it?

All the poor performances by the losers of the debates have been dwarfed by the pitifully poor performance by the winner of the election. You know, Putin's Bitch.

http://pronlinenews.com/wp-content/uploads/2012/04/Putin-Tony-Branco-Conservative-Daily-News.jpg

PaceAdvantage
09-14-2013, 09:31 PM
Go back and watch him in the GOP presidential debates of 2012. Despite the backing of many of the GOP power brokers and all the money in the world, he was gone very quickly from the race because of his God awful debate performances.This seems to have had zero effect on his ability to govern Texas and zero impact on the voters of Texas who keep electing him.

Why do you even bring it up? Oh, that's right. Because you have nothing else?

jballscalls
09-15-2013, 11:11 AM
He will remember one and two, but number three may slip his mind. :D

that was a great response!

JustRalph
04-01-2014, 10:30 PM
http://dallasfed.org/assets/documents/research/swe/2014/swe1401d.pdf

Just a little job info

horses4courses
12-10-2014, 07:49 PM
https://pbs.twimg.com/media/B4iPJtGCIAAbc_c.jpg

horses4courses
12-10-2014, 07:52 PM
https://pbs.twimg.com/media/B4iQ5jdCIAAAcgc.jpg

JustRalph
12-10-2014, 10:24 PM
Get over the election for Christs sake!