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California Economic Growth

Original post made by Einstein, Mohr Elementary School, on Jul 26, 2009

Recently much has been said about balancing the budget, increasing taxes, reducing services, etc. but I would like hear thoughts on the ultimate solution and that is improving the California economy. What will encourage companies to locate here, companies here to invigorate hiring etc. Ultimately, I believe this is what needs to happen otherwise we will just continue in a downward spiral. Serious thoughts?

Comments (7)

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Posted by Jim
a resident of Another Pleasanton neighborhood
on Jul 26, 2009 at 11:25 am

Very appropriate question...although the Democrat-controlled California residents will not like the answer.

The answer to bringing jobs back to Calif is to turn to government, limited oppressive regulations, providing tax incentives...etc.

Then look at benchmark Texas, for example. While Texas has been impacted as has all other States, their outlook is much rosier than Calif.

Here is a link on Texas...
Web Link

Another benchmark to study is what is happening in Louisiana under the new conservative Governor, Bobby Jindal.

Here is a link...
Web Link

It is not rocket science...remember what Ronald Reagan did for the US when he inherited a disasterous economy Carter created. Reagan and his massive tax reductions along with other programs created over 20 million jobs.

The Democrats, including Jerry McNerney, are in favor of policies like Cap and Trade, National Healthcare, amnesty, Stimulus Package (that has had the opposite effect), hiking the minimum wage (which nuked an addional 300,000 jobs), and others like blocking energy exploration that will continue to spiral California and the US into a worse recession and will eviscerate job growth.

Ask Jerry McNerney what he will do to help create jobs?

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Posted by John
a resident of Del Prado
on Jul 26, 2009 at 11:34 am

Einstein thank you for starting this blog because I believe this is where the discussion needs to go because it seems to and I am not economist but if we keep increasing taxes and more and more people and business leave the state we lose even more money so then we need to raise taxes again and lose even more or a self fulfilling prophesy of creating a bankrupt state if we are not already. I remember all of the industry we used to have in this state, GM, Ford, Chrysler, FMC, Lockheed, General Dynamics, Lockheed, Pacific state steel and now they are all gone and with them has gone all of the tax money and jobs they created. College in California used to be basically free because of this tax windfall. I only paid $63 dollars for college for 15 units! My feeling is that unless we replace all of our business hating and tax loving politicans we have not chance so we need to vote and vote pro business.

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Posted by Hmmmmmmmmmm
a resident of Downtown
on Jul 26, 2009 at 11:52 am

Good points and i have absolutely no politican in this state talk about how to improve the economy only how we can squeeze the nickel more. Seems very short term to me.

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Posted by Jon
a resident of Danbury Park
on Jul 26, 2009 at 12:49 pm

"Posted by Jim, a resident of the Another Pleasanton neighborhood neighborhood, 1 hour ago

Very appropriate question...although the Democrat-controlled California residents will not like the answer.

The answer to bringing jobs back to Calif is to turn to government, limited oppressive regulations, providing tax incentives...etc."


Why the Hell did YOUR elected man and his cabinet fail America and drown us in Debt for eight years?

The MAJORITY voted for a DEMACRAT for President Of The United States and The MAJORITY voted for Congress, which is now Democratic majority!

So we are ALL just stupid I Guess?

YOU will get another chance to Vote in 2012, so in the mean time be MISERABLE and ARROGANT!

I just WONDRER why your party FAILED to get into the White House and or CONTROL Congress?

Perhaps it's the "Right Wing Biased Media's) FAULT?

Bury your head in the sand, where it belongs! Go by ammo, go stock up on food, by GO AWAY!

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Posted by Very Concerned
a resident of Another Pleasanton neighborhood
on Jul 26, 2009 at 1:53 pm

George Bush was a very weak president. He was not a conservative, by any stretch of the imagination. In eight years, he vetoed only 12 bills. By contrast, Clinton vetoed 37, G.H.W. Bush: 44; Reagan: 78; Ford: 66; Nixon: 43; Johnson: 30; Kennedy: 21; Eisenhower: 181; Truman: 250; Roosevelt: 635. Source: Web Link
Ronald Reagan was a powerful conservative. Today, conservatives are searching for a real leader, with strong conservative principals, like limited government, strong defense and protection of private property rights.
Some ideas I embrace:
Reduce personal and business tax rates and (government fees) across the board. We’re not only competing with other states, we’re competing internationally.
Regulations need to be smart and limited. Left to their own devices, businesses should not be allowed to self-regulate. However, there needs to be a balance between oppressive regulations and rapacious capitalism.
Cut the state employee payroll by 50%. Truly change the bureaucratic structure. Consolidate departments, get ultra-lean.
Get tough with public unions. Someone needs to design a proposition outlawing the ability of public employees to strike. If they do strike, fire them. Follow the Reagan air traffic controller model.
The public education system is broken. I don’t believe vouchers will work.
In the short term, more charter schools seems to be the right direction. Long term, parents must be held to account for the lack of readiness of their children. Tenure for teachers needs to be eliminated. Merit pay needs to be introduced. Poor teachers and administrators need to find other lines of business. District administrations should be streamlined. Year round schools should be mandated. Teacher pay should be increased.
State pensions need to be trimmed. The maximum retirement payout should be 60% of average wage not including the final 5 years of employment. Health benefits must be redefined. Full retirement benefits start at 65 years of age, partial benefits can be had at 62, just like the Social Security model. No more double-dipping on retirement benefits. If you retire and collect benefits from one entity, you can’t take another job and get a second set of benefits at a future date. You either keep the package you have, or trade in for the second package, once you leave work from the second position.

This is just scratching the surface.

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Posted by Ron
a resident of Downtown
on Jul 26, 2009 at 1:55 pm

Jon, thanks for bringing your thoughtful ideas to the table. The question pertained to the state of California. California's legislature has been ruled primarily by liberal democrats who have been guiding us down this path for many years. Not all states are in the mess we're in so it's not logical to blame Bush.

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Posted by Linda
a resident of Downtown
on Jul 27, 2009 at 9:43 am

This is a pretty big issue and one which I have not heard to much dialogue but at the end of the day unless business returns to California then California will turn into Mexico without the jobs. I think probably the best way to encourage investment in California is to do the opposite of what has been done and that is to reduce taxes and eliminate or significantly reduce the level of restrictions on business in this state, worker compensation , environmental, etc. It is obvious to me that the tax and spend approach is flushing our money down the tubes.

Sorry, but further commenting on this topic has been closed.

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