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re: California's GDP increased 21% in the past 5 years. Texas only 12%

Posted on 6/15/21 at 5:49 am to
Posted by tjv305
Member since May 2015
12512 posts
Posted on 6/15/21 at 5:49 am to
It’s funny that people are leaving the top 2 states at a alarming rate . Apparently things are not so great there .
Posted by pointman
new orleans
Member since Dec 2010
2734 posts
Posted on 6/15/21 at 7:02 am to
It’s so great in California. Then why are those assholes moving to texas in record numbers. More fake news.
Posted by TOSOV
Member since Jan 2016
8922 posts
Posted on 6/15/21 at 7:36 am to
quote:

but only if you're interested in what the bikini isn't showing you.


I'm always interested in that. Why I love me some tan lines, cause it means I'm getting to see what the bikini was hiding.
Posted by Roaad
White Privilege Broker
Member since Aug 2006
76486 posts
Posted on 6/15/21 at 7:46 am to
quote:

The state’s gross domestic product increased 21% during the past five years
quote:

the past five years
You mean when Trump's election caused the Social media world to exponentially increase in stock value?
Posted by oldskule
Down South
Member since Mar 2016
15476 posts
Posted on 6/15/21 at 7:50 am to
and the mass exodus continues....
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123929 posts
Posted on 6/15/21 at 8:04 am to
California -- Putting the "Gross" in Gross Domestic Product




Posted by Vastmind
B Ara
Member since Sep 2013
4992 posts
Posted on 6/15/21 at 8:11 am to
Cali can keep their impressive growth in revenue and shite littered streets.
Posted by GhostOfFreedom
Member since Jan 2021
11711 posts
Posted on 6/15/21 at 8:13 am to
California is run by Democrats. Democrats lie.
Posted by Hayekian serf
GA
Member since Dec 2020
2550 posts
Posted on 6/15/21 at 8:15 am to
It’s not what you make, its what you keep.

Now check out debt levels

One means your economy is healthy, the other doesn’t.

Can you guess which one?


Debt by state.
Posted by B4YOU
Member since May 2018
344 posts
Posted on 6/15/21 at 8:24 am to
quote:

You can manipulate the numbers all you want, 2020 California’s GDP was -3.5%. Their state is in the toilet. They have the largest population so the fact that their economy is bigger isn’t impressive. I used to live there, nice weather, but stupid people have run it in the ground.




TX was -3.5% and CA was -2.8%. There was no state better positioned to rebound faster than CA due to its technology sector. Read the article.

There’s this belief telework and businesses leaving will be the downfall of CA but that’s not going to happen. CA had a $76B surplus and is issuing tax rebates to families.
Posted by thetempleowl
dallas, tx
Member since Jul 2008
14828 posts
Posted on 6/15/21 at 8:36 am to
What they are showing is that states that shut down did better supposedly than those states that remained open.

That is absolute nonsense. States that shut down got more government money because they damaged themselves more from the virus.

They overcompensated states damages from the virus. This means states that got damaged the most by their lockdowns got overcompensated for their self inflicted wounds more than those that didn't get damaged.

Its all part of the democratic plan.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 6/15/21 at 8:45 am to
quote:

Well, I for one would rather have 50% of $200k instead of 65% of $100k.

Not in California dollars, you wouldn't
Posted by CleverUserName
Member since Oct 2016
12634 posts
Posted on 6/15/21 at 8:45 am to
quote:

Well, I for one would rather have 50% of $200k instead of 65% of $100k.


And I would rather have my house and acerage instead of a jail cell sized apartment in San Francisco for the same cost.

I mean… in urban California vs most of the south… you would pick the wrong choice.

It’s like a quarterly earnings report of a big failing company. “Wow! We had a lot of revenue this quarter!!”” “”Uhh… Mr. CEO…. What about the expense side of the income statement??” “Well…. Uhhh….”
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
78648 posts
Posted on 6/15/21 at 9:03 am to
That GDP demonstrates an impressive creation and concentration of wealth, amazing really.
Now lets discuss the reality of California for the non-Ruling Zuckerclass:

Falling wages
Incredible wealth disparities
A shrinking middle class
Crumbling social order
Dramatic increases in crime
Dramatic increases in homelessness
Insanely high housing costs
Illegal immigration
DA's who refuse to enforce existing law
Intolerable traffic
Middle class exodus continuing
Retirement exodus continuing
Confiscatory taxes
Energy shortages and energy price increases
Water shortages
Failed schools
Covid Fundamentalism
Truly horrible political Class
Even worse bureaucratic class
unsupportable retirement commitments
I could go on for days...

But yeah, the RULING CLASS is getting absolutely stoopid fat with wealth.
Congratulations?
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422561 posts
Posted on 6/15/21 at 9:06 am to
Doesn't GDP include government spending?
Posted by reggierayreb
Germantown
Member since Nov 2012
16968 posts
Posted on 6/15/21 at 9:06 am to
quote:

California's federal, state, and local debt brings California's debt total to over $1 trillion. According to this report, the debt would cost each resident of California $33,000 or each taxpayer $74,000.


Read the end of that quote and you quickly realize how many homeless and illegal aliens reside in the state of California
Posted by Powerman
Member since Jan 2004
162225 posts
Posted on 6/15/21 at 9:09 am to
quote:

50% of 75k (37.5k)

I'd like to see your math on this one
Posted by CA Jones
Member since Jan 2021
168 posts
Posted on 6/15/21 at 9:26 am to
Without government bail-outs Cali. would be swimming in a sea of indebtedness. Many of the pension plans were on the verge of insolvency, before Cali. was rescued. The fact is, California has the highest rate of poverty in the country, and they are losing population and businesses at an alarming rate. This article was from The Opinion Page of a left-leaning news organization. It should be met with a great deal of scrutiny.
Posted by CA Jones
Member since Jan 2021
168 posts
Posted on 6/15/21 at 9:35 am to
You nailed it.
Posted by Ag Zwin
Member since Mar 2016
19969 posts
Posted on 6/15/21 at 9:41 am to
Now do job growth. (Much less income inequality and poverty rates).

Here. I’ll help.

It’s a little easier to generate income (and concentrate it in the hands of very few) when you make something once and can effectively scale it for almost nothing, ie, software.







This post was edited on 6/15/21 at 9:45 am
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