henryclay
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Post by henryclay on Jun 15, 2011 22:53:49 GMT -5
Some things speak for themselves. Here is one that doesn't just speak. It yells. Obama-nomics is to make America less like Texas and more like California. Texas is a big state, its population of 24.7 million. 37% of all net new American jobs since the recovery began were created in Texas. California is a bigger state -36.9 million - and it has lost 11,400 jobs during the same period. The Texas economy has grown on average by 3.3% a year over the last two decades, compared with 2.6% for the U.S. overall. Yet the core impulse of Obama-nomics is to make America less like Texas and more like California, with more government, more unions, more central planning, and higher taxes. That Texas has rejected that model and added 37% of all net new U.S. jobs suggests what an historic mistake Obama-nomics has become. So sayeth that paragon of social governance, NOT! , , the Wall Street Journal . online.wsj.com/article/SB10001424052702304259304576375480710070472.html
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NoMoreLunacy
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Post by NoMoreLunacy on Jun 15, 2011 23:52:55 GMT -5
Yeah, the boom in natural gas drilling has nothing to do with this. The WSJ can manipulate statistics like no one else.
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henryclay
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Post by henryclay on Jun 16, 2011 0:36:25 GMT -5
the boom in natural gas drilling has nothing to do with this. Those are your words, not those of the Wall Street Journal. And don't you agree it's really some stretch to say that 37 percent of the jobs America has created in the last two years are all working in the natural gas industry in Texas? I wonder how many jobs there has to be for Texas to get 37 percent of them. But of course, the people who make their living figuring that out are dittoheads anyway, so you're probably ri - - ght , , er, , ah , , correct. . . not right, , , just correct.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 16, 2011 7:56:33 GMT -5
Even more instructive...
That's nearly half of all the jobs added going to one state.
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Deleted
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Post by Deleted on Jun 16, 2011 8:27:32 GMT -5
Obama-nomics is to make America less like Texas and more like California.
I think that sentence SHOULD read "Obama-nomics is to make America less like Texas and more like Russia 25 years ago" but that's just my opinion.
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Post by privateinvestor on Jun 16, 2011 8:31:57 GMT -5
Obama-nomics and his layout for job recovery
This so called job recovery nonsense has been rejected by the Republicans for being another farce so deal with it. Obama has no recovery plan that will be accepted by congress..
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henryclay
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Post by henryclay on Jun 16, 2011 8:37:09 GMT -5
And it'd nice to see there's at least one state that doesn't pander to lawyers. I like the "tort reforms" part of their economic model.
And the housing bubble was taken more seriously several years ago, too. I see they have required 20% down for home purchases since back in the 90's. The folks in Texas did do more than just read the financial forecasts; Barney Frank and Chris Dodd were not there to keep them from doing the common sense and acting on what they saw.
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Post by privateinvestor on Jun 16, 2011 8:44:08 GMT -5
Joe Biden cannot get the Republicans nor the Democrats to agree on spending cuts or tax increases so how can his boss be able to have a job recovery plan?? Can our Liberal Political Experts explain that little issue?? Go for it..or deal with it
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billisonboard
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Post by billisonboard on Jun 16, 2011 8:51:03 GMT -5
Joe Biden cannot get the Republicans nor the Democrats to agree on spending cuts or tax increases so how can his boss be able to have a job recovery plan?? Can our Liberal Political Experts explain that little issue?? Go for it..or deal with it It is in the Republicans self interest to not have a job recovery take place prior to the next presidential election. As far as the Democrats go, I defer to age old wisdom: I don't belong to an organized political party;. I'm a Democrat. Will Rogers
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Post by privateinvestor on Jun 16, 2011 8:53:57 GMT -5
[quote author=privateinvestor It is in the Republicans self interest to not have a job recovery take place prior to the next presidential election. As far as the Democrats go, I defer to age old wisdom: I don't belong to an organized political party;. I'm a Democrat. Will Rogers Good Stuff you are getting better with age Bills
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Post by Mkitty is pro kitty on Jun 16, 2011 9:15:29 GMT -5
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Post by privateinvestor on Jun 16, 2011 9:34:43 GMT -5
So it's not about political ideology, but rather what natural resources they have. Oh, and where are all the "Wah! Obama doesn't allow drilling" complaints?
Wrong again Ma'am it is about jobs, jobs, jobs and not poltical ideology if you took the time to read the OP
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Post by Mkitty is pro kitty on Jun 16, 2011 10:50:18 GMT -5
Jobs that all come from natural resources. You know, stuff that some areas have and others don't? No natural resources = no jobs. Try and keep up, or explain to us how you can have all those jobs, jobs, jobs without the the resources themselves.
I said that, did you read all of what I wrote?
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handyman2
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Post by handyman2 on Jun 16, 2011 11:20:12 GMT -5
It has been evident for some time that the Obama administration has not a clue about how to create more jobs and neither does most others in DC.
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Post by privateinvestor on Jun 16, 2011 11:24:20 GMT -5
Jobs that all come from natural resources. You know, stuff that some areas have and others don't? No natural resources = no jobs. Try and keep up, or explain to us how you can have all those jobs, jobs, jobs without the the resources themselves.
I said that, did you read all of what I wrote?
[/quote]
Using Bureau of Labor Statistics (BLS) data, Dallas Fed economists looked at state-by-state employment changes since June 2009, when the recession ended. Texas added 265,300 net jobs, out of the 722,200 nationwide, and by far outpaced every other state. New York was second with 98,200, Pennsylvania added 93,000, and it falls off from there. Nine states created fewer than 10,000 jobs, while Maine, Hawaii, Delaware and Wyoming created fewer than 1,000. Eighteen states have lost jobs since the recovery began.
The data are even more notable because they're calculated on a "sum of states" basis, which the BLS does not use because they can have sampling errors. Using straight nonfarm payroll employment, Texas accounts for 45% of net U.S. job creation. Modesty is not typically considered a Texas virtue, but the results speak for themselves.
Texas is also among the few states that are home to more jobs than when the recession began in December 2007. The others are North Dakota, Alaska and the District of Columbia. If that last one sounds like an outlier at first, remember the government boom of the Obama era, which has helped loft D.C. payrolls 18,000 jobs above the pre-crisis status quo. Even so, Texas is up 30,800.
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Post by Mkitty is pro kitty on Jun 16, 2011 12:04:24 GMT -5
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Driftr
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Post by Driftr on Jun 16, 2011 12:51:02 GMT -5
And the housing bubble was taken more seriously several years ago, too. I see they have required 20% down for home purchases since back in the 90's. The folks in Texas did do more than just read the financial forecasts; Barney Frank and Chris Dodd were not there to keep them from doing the common sense and acting on what they saw. I don't know if this supports or refutes the statement above, but when we bought our house 9 years ago (edit in Dallas) we bought it with 80/10/10. 80% 1st mortgage, 10% second, and 10% cash.
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handyman2
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Post by handyman2 on Jun 16, 2011 12:51:34 GMT -5
MKITTY: For your own personal info you might want to check how and why those jobs were created in Texas. And then explain how the Obama administration are part of that.
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henryclay
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Post by henryclay on Jun 16, 2011 14:12:04 GMT -5
Drifter, From what the article says, (and I hope), you got a steal. Apparently the sellers sold for a good bit less than what was your lender's appraised value. For actual details, who can say? But the quote from the article is: a rule in place since 1998 in the backwash of the S&L debacle that limits mortgage borrowing to 80% of the appraised value of a home. The downside would still be the way real estate prices were unrealistically escalating for several years. I hope that the value of your home has not fallen below the remaining balance on the debt still against it. MKitty, I really wonder if you should concern yourself too much with the rationale behind job creation. You seem to avidly relate job creation to the availability of natural resources. You even defend your position by restating it. Please then, relate for us what are the natural resources in the "other" states that have "net plus job creation histories". Here I will list those that the article names. Can you tell us, (me), what natural resource these states have that supports their growth in jobs created? There were surely additional states and these are just the ones with the most and the ones with the least numbers of added new jobs. New York (98,000 jobs added), Pennsylvania 93,000 jobs added), with Maine, Hawaii, Delaware and Wyoming adding less than 1,000 each. But they all added jobs while other states are still losing jobs. Texas just happened to add 37% of the total. But please help us, (me), understand what are the natural resources behind job creation in these states? As for their fiscal policy, taxes, and failing to fund social programs to the point of indebtedness to the state, can't you see any wisdom in it? Or can you please explain how to avoid the disaster looming for the entire country because of funding social programs with borrowed money that have no possibility of diminishing?
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henryclay
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Post by henryclay on Jun 16, 2011 14:43:01 GMT -5
what kinds of jobs did Texas create? The article didn't say and I have no idea. I think the thrust of article was to point out that the tighter we have government controls, the less we have jobs. I would tend to agree with that, and if only because of the way the article presents job creation. It compares the most populace state in the nation, (California), and the monkey's fist of government/business/taxes/regulation interactions with Texas and points out the differences. California has lost, and continues to loose jobs, while it's rival state goes the other way and leads the nation in job Creation. But that's just my knee-jerk reaction.
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Driftr
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Post by Driftr on Jun 16, 2011 15:00:04 GMT -5
Drifter, From what the article says, (and I hope), you got a steal. Apparently the sellers sold for a good bit less than what was your lender's appraised value. For actual details, who can say? But the quote from the article is: a rule in place since 1998 in the backwash of the S&L debacle that limits mortgage borrowing to 80% of the appraised value of a home. The downside would still be the way real estate prices were unrealistically escalating for several years. I hope that the value of your home has not fallen below the remaining balance on the debt still against it. That rule is probably only applicable to a 1st and is probably why we were able to take out the 2nd at signing and still only put 10% down. Our house is probably worth a little more than we paid for it today. I know zillow says its worth a lot more, but you can't trust zillow. There's not a lot of turnover in our neighborhood so I couldn't say for sure. Regardless, we've been paying the principal down a lot faster than we probably 'should' and should own it in a few more years. Kids'll be with us for at least another 14 years so no plans to move any time soon. Really don't care what the 'value' of the house does. It's a place to live for us way more than it's an investment.
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Post by privateinvestor on Jun 16, 2011 15:01:54 GMT -5
I'm curious what kinds of jobs did Texas create? Texas for the past 10+ years has been taking tech jobs away from California because of the lower businesses taxes in that state compared to California....Jerry Brown pledged to end that but so far just empty rhetoric from Mr Brown who cannot get a state budget passed yet...Austin Texas is thriving while out here in San Jose we are still seeing jobs disappear...Lockeed Martin announced yesterday they are laying off another 1500 employees in Sunnyvale CA.. Obama nomics and his layout for job recovery hasn't done much for those of us living and sweating it out in California...unemployment and higher taxes are a real concern for this state and don't see any end in sight despite Obama's campaign speeches lately so we just have to deal with it, I guess/
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Driftr
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Post by Driftr on Jun 16, 2011 15:24:01 GMT -5
I'm not sure which jobs we've taken from CA, but within the last few months or so there was a delegation here from CA looking into how we did it. I'll see if I can find the article. Heard it on NPR one day.
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Post by privateinvestor on Jun 16, 2011 15:25:33 GMT -5
I'm not sure which jobs we've taken from CA, but within the last few months or so there was a delegation here from CA looking into how we did it. I'll see if I can find the article. Heard it on NPR one day. Most were high tech jobs..And your Texas Governor likes to brag about it which has infuriated our Governor btw check it out.. Meg Whitman promised to bring those jobs back to CA which was just her playing to her conservative base I think?? While Texas gained over 800,000 new residents over a ten year period, 1.5 million more people left California than stayed. Among those who staying in California are illegal immigrants Public employement has soared in in California, while at the same time, Texas’ middle-income private jobs grew by 16%, In fact, almost half of all the jobs recently created in the United States were in Texas. High Tech Jobs Since 2002 the comparison between the two states in high tech jobs is: Texas 80,000 California 17,000 Evidence of the decline in California can be seen in the number of empty buildings and abandoned factories in Silicon Valley and the San Jose area. Continue reading on Examiner.com Texas gains California looses jobs - National Watchdog Politics | Examiner.com www.examiner.com/watchdog-politics-in-national/texas-gains-california-looses-jobs#ixzz1PTOv2qTv
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Post by bubblyandblue on Jun 16, 2011 15:34:56 GMT -5
Taxes used to be assessed on things you wanted to prevent. I think we need to prevent monopoly, speculation and special laws that lead to privalage - what do I know, lets just tax labor and capital....anything that creates wealth in this nation and, stop taxing anything that emplyes no labor or capital to create wealth - like TBTF institutions that gamble in derivatives. -- sorry already done
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Post by privateinvestor on Jun 16, 2011 15:35:34 GMT -5
Taxes used to be assessed on things you wanted to prevent. I think we need to prevent monopoly, speculation and special laws that lead to privalage - what do I know, lets just tax labor and capital....anything that creates wealth in this nation and, stop taxing anything that emplyes no labor or capital to create wealth - like TBTF institutions that gamble in derivatives. -- sorry already done Texas gains California looses jobs
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wyouser
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Post by wyouser on Jun 16, 2011 15:42:42 GMT -5
I'm not sure which jobs we've taken from CA, but within the last few months or so there was a delegation here from CA looking into how we did it. I'll see if I can find the article. Heard it on NPR one day. There was a spot on Fox and Friends ,I believe about a week ago, talking about the california delegation (all members of the california state legislature as I recall) I think Gov Brown was encouraging this?? but dont quote me. At 4 AM before my quota of coffee I might not have that last part correct
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 16, 2011 16:23:27 GMT -5
Obama-nomics is to make America less like Texas and more like California. I think that sentence SHOULD read "Obama-nomics is to make America less like Texas and more like Russia 25 years ago" but that's just my opinion. Yeah! We have RULES for subject lines, dammit!
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 16, 2011 16:24:20 GMT -5
I tried to post it but it didn't post right. It said from 2001 to 2010 Texas created 550,000 jobs, 330,000 or so were minimum wage jobs, not sure what the rest were, better I'm guessing. But minimum wage?? That's nothing to brag about. Yeah, and "We can't even create minimum wages jobs" isn't anything to brag about, either. I hate when I feel like I have to state the obvious.
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reasonfreedom
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Post by reasonfreedom on Jun 16, 2011 16:27:28 GMT -5
I tried to post it but it didn't post right. It said from 2001 to 2010 Texas created 550,000 jobs, 330,000 or so were minimum wage jobs, not sure what the rest were, better I'm guessing. But minimum wage?? That's nothing to brag about. better than nothing. Beggars can't be choosers. Would you rather them all be unemployed?
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