Wednesday, September 21, 2011

How's Unemployment In California? Pretty lame

Take the largest state in the country and check their health. If we do that for California we see issues. Check out this graph.
If you look closely, ok you do'nt have to look closely, but if you look you'll see that there's really no change as of late, unemployment numbers are still very high. Couple that with foreclosures and bankruptcies and you'll get a bleak picture. There aren't many states that are doing any better. Seems to me whatever was broke is still broken. It seems clear, we're in another recession, in fact, we barely came out of the one we were in. Next steps?

Wednesday, September 14, 2011

Raise Taxes for the Rich?

So I'm obvious in favour of increasing taxes to the rich because I do'nt see a class warfare issue like some Republicans try to monger. I do however, understand economics when it prescribes lower taxes for those who create wealth. We can assume those who make lots of money know how to make it and want to make more of it. Thus they'll take the incentive of less taxes and use that to make more money. More money requires employees thus more jobs are created. really simple way to look at the economy but that's the reason behind lowering taxes. The problem? Rich people horde their money, or they buy frivolous items. That's not to say that's ALL they do, but last I checked we're not adding jobs and rich execs are getting bonuses for short term profits rather than long term sustainability. As well, what I never get, is the Republican push for competition and less gov't. Private sectors all the way! But when that happens the race is for cheap, and cheap means sending jobs to India..... So long story short, go ahead, raise taxes for the rich, I won't notice.