The Golden State is Leading the Nation in the Race to Poverty

California is leading the nation in killing jobs, forcing businesses to close, and generally reduce the standard of living for all Americans. In the past 3 of every 5 jobs in California jobs where manufacturing jobs. Now only one in ten is in manufacturing.

California has lost 20,000 jobs a year for the last five years. That is 100,000 people have lost their jobs. 100,000 people were put on the unemployment rolls. That means around five billion dollars evaporated from the California economy. That means California lost millions of dollars of income tax and sales tax revenue. Current policy of California has just put thousands of farm workers out of a job and is threatening bankruptcy to hundreds of California farmers.

Now the California Energy Commission (CEC) is proposing another job killing measure. They want to regulate the allowable electricity consumption of flat screen televisions. Will that force some residents of California to buy different TV sets? Perhaps some, but then we can get the TVs we want via internet. So what will this regulation accomplish? It will cost more Californians to lose their jobs. As one TV retailer stated, “Taking these highly popular TVs off the shelves would seriously hurt my business,” said Don Mueller, Owner of North Bay AVS Design in Santa Rosa. “I estimate that the CEC’s regulation would slash 15-20 percent of our sales. In light of today’s economic climate, we’d be forced to cut 15-20 percent of our labor to make up for the losses.”

If Obama wants to stagnate the economy, weaken America, and reduce our standard of living, he could not have picked a better model to do so. California is literally broke and is working for the further demise of a once vibrant economy. California used to be a magnet for people seeking a better life and an opportunity for budding entrepreneurs. California’s current trend is business have packed up and left or just closed down. Californians are seeking the better life else where leaving an out of work population that can not sustain the spending appetite of their leaders.

There is a New Bailout on the Horizon

If I go to Galpin Ford (Ford is the only private US car manufacturer left) to buy a new car, the government will use your credit card to add $4,500.00 to my down payment. All I have to do is find an older car and turn it in as a “clunker” to be destroyed.

To do this one has to go on a government website to declare it. Just now on the Glen Beck program; if you click “accept” on the “privacy” button when on the government clunker program you agree to the following (I am paraphrasing), that since you have accessed a government computer your computer and all current and future data on it is the property of the Federal Government and as such the government has a right to its content.

Not only is the government spending taxpayers money, of witch there is none (that’s where the credit card comes in), it is encouraging people to get further into debt, since the balance of the price will be a bank loan. Remember what happened when the government encouraged people to get further into debt by buying houses they could not afford? We had a mortgage meltdown and the banks got bailed out with taxpayer money. I see people defaulting on car loans and banks begging the government for a new bailout and we get more socialism.