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Started By
Message
re: La. needs to grow the economy
Posted on 6/6/18 at 2:55 pm to BigJim
Posted on 6/6/18 at 2:55 pm to BigJim
I read most of the report, and it confirmed my thoughts about the program. It was a disaster.
One recommendation they mentioned as radical was to close it down, but I suppose they knew that would never happen.
They mentioned a five year sunset and a review after that. Did it happen?
I know a cap per year was instituted, but was a cap per venture put in place too? They wanted that.
What about cutting out subsidies of soft expenses? Subsidies of out of state residents? What about all the other ideas they had to make the state's investment more efficient? Were they all put in place? I don't think so.
People blame Jindal for a lot of things, but this was by far his worst endeavor. We will be handicapped with this new entitlement for a long, long time.
One recommendation they mentioned as radical was to close it down, but I suppose they knew that would never happen.
They mentioned a five year sunset and a review after that. Did it happen?
I know a cap per year was instituted, but was a cap per venture put in place too? They wanted that.
What about cutting out subsidies of soft expenses? Subsidies of out of state residents? What about all the other ideas they had to make the state's investment more efficient? Were they all put in place? I don't think so.
People blame Jindal for a lot of things, but this was by far his worst endeavor. We will be handicapped with this new entitlement for a long, long time.
1
Posted on 6/6/18 at 3:00 pm to cahoots
I think this board over-generalizes the people of Louisiana. I know and work with a ton of business professionals that are locals that I would put up against anyone from the coasts or Texas. Are there lazy, dumb people in LA? Yup, but that is the same as everywhere.
Posted on 6/6/18 at 3:02 pm to saints5021
I think people generalize (correctly) LA politicians, not business owners.
Also there is a significant population that only is educated through HS and did not develop any marketable skill. These people cannot be hired above anything more than a laborer. You can not run technology companies or any other intellectual company with laborers
Also there is a significant population that only is educated through HS and did not develop any marketable skill. These people cannot be hired above anything more than a laborer. You can not run technology companies or any other intellectual company with laborers
This post was edited on 6/6/18 at 3:04 pm
Posted on 6/6/18 at 3:20 pm to SlowFlowPro
quote:
we just don't have the state to attract higher-level businesses to locate here, bringing higher-paying jobs
Too much culcha (and what I mean by that is uneducated, trashy fricks of all races who are shitty role models for their kids) and not enough education.
Posted on 6/6/18 at 3:22 pm to Bard
quote:
Too much culcha (and what I mean by that is uneducated, trashy fricks of all races who are shitty role models for their kids) and not enough education.
Yep, it's easy to point the finger at inner city schools and drug territories, but it goes way beyond that. Louisiana has terrible education all around. It sucks to admit that but it's true.
Posted on 6/6/18 at 3:26 pm to saints5021
quote:
Are there lazy, dumb people in LA? Yup, but that is the same as everywhere.
bro we're not 49th or 50th in everything b/c our population is the same as everywhere else
Posted on 6/6/18 at 3:29 pm to saints5021
It's because that as a populace we really don't give a shite about changing things, in fact we are happy wallowing in our malfeasance and corruption wringing our hands together, bitching about it, etc. until its time to put up or shut up...we shut up.
We get run over by the Longs and Edwards (Edwin) types and their connected sycophants , we bitch about it, but we continue to allow them to run the show like John Alario and Co. We said 25-30 years ago that what we needed was Republicans to counteract the decades of Democratic corruption. The Republicans get in and do nothing except say they are for lower taxes - BFD. They are just as ineffectual
Want something to change? Don't vote for your local legislator if he runs again doesn't mater if you think he's honest, assume that he has been corrupted and send him back to the private sector. Send JBE back to practicing law in Amite and vote for some Indian dude from te River Parishes who has a brain in his head or....for a guy like Manny "Chevolet" Bruno who while being a clown and a comic makes no pretense about being competent
We get run over by the Longs and Edwards (Edwin) types and their connected sycophants , we bitch about it, but we continue to allow them to run the show like John Alario and Co. We said 25-30 years ago that what we needed was Republicans to counteract the decades of Democratic corruption. The Republicans get in and do nothing except say they are for lower taxes - BFD. They are just as ineffectual
Want something to change? Don't vote for your local legislator if he runs again doesn't mater if you think he's honest, assume that he has been corrupted and send him back to the private sector. Send JBE back to practicing law in Amite and vote for some Indian dude from te River Parishes who has a brain in his head or....for a guy like Manny "Chevolet" Bruno who while being a clown and a comic makes no pretense about being competent
Posted on 6/6/18 at 3:33 pm to SlowFlowPro
quote:
the underclass culture requires, and votes for, political systems that redistribute wealth to support their lifestyles
so it's both
Ding ding ding.
While I love the culture of LA, generally the culture is non growth-focused. It isn't about drive, ambition, gain, success. Louisiana doesn't really want to be bigger than it is, and most of its policies drive that mindset.
(Yet Louisiana culture generally has the biggest chip on its shoulder. Go figure.)
Posted on 6/6/18 at 4:16 pm to Freauxzen
This is what I’m saying. It’s a lot of small things that add up.
Louisiana universities don’t have a lot of technology transfer.
The computer science programs are mediocre at best. Petroleum engineering? Top ranked.
Investors love O&G and other traditional industries. Little knowledge of tech.
And on and on.
It’s just not a forward-thinking place
Louisiana universities don’t have a lot of technology transfer.
The computer science programs are mediocre at best. Petroleum engineering? Top ranked.
Investors love O&G and other traditional industries. Little knowledge of tech.
And on and on.
It’s just not a forward-thinking place
Posted on 6/6/18 at 4:37 pm to Kino74
quote:
One big problem is people here don't want to change. We have the mouth of the Mississippi river, ungodly amount of oil and gas yet lead the country in mostly the worst categories. Too much corruption, nepotism and outright stupidity kills us here.
Try cutting the government or consolidating schools and people lose their minds saying you can't do that or it won't work. Yet our neighbor Texas nails it and we stick our heads in the mud.
I had a friend whose old mom complained about how her two sons were trying to move to Houston. She also believed Hammond was big enough and didn't need anymore growth and one could get a job there. The concept of a better life is alien to some people accustomed to scraps.
Louisiana by just geography and natural resources should have massive wealth that would make Norway jealous yet here we are dirt broke and a welfare state.
holy shite this.
this is it.
Posted on 6/6/18 at 5:13 pm to Tiger Roux
They left in the 80s but yes at one time the O&G industry was headquartered in NewO, and it was passed all away.
Posted on 6/6/18 at 6:10 pm to saints5021
quote:
These discussions always devolve in either nothing can ever change or move to Texas.
It’s not either/or...LA will never change and you should move to TX. The “or” should be you like living in LA and have to just stop giving a shite and worrying about changing.
Posted on 6/6/18 at 9:22 pm to doubleb
quote:
Other than a way out there tax plan and other outright tax increases, and expanding Medicaid; what is our governor doing?
He certainly isn't doing anything to grow the economy, or anything except cry about a fiscal cliff that's not his fault.
Well for one he created the tax task force that proposed comprehensive reforms. He worked with legislators from both sides of the isle to get the reforms into bills , and then guys like Scroder and Harris killed those bill which cut incentive spending, lowered rates, and broadened the base in ways and means.
I'm not saying he is a good governor. Id say he is the opposite, but even when he does manage to get something right, the legislature just acts as an obstructionist body.
Posted on 6/6/18 at 9:28 pm to doubleb
quote:
They mentioned a five year sunset and a review after that. Did it happen?
Yes.
quote:
I know a cap per year was instituted, but was a cap per venture put in place too?
Yes.
quote:
What about cutting out subsidies of soft expenses? Subsidies of out of state residents? What about all the other ideas they had to make the state's investment more efficient? Were they all put in place? I don't think so.
Mostly.
And Pars stuff about local filmmakers and content creators is just nonsense. Anyone with any knowledge of the industry knows that is not how things work. There is no additional benefit to the state and extra credits for local content just reduces the ROI even further. And there is no way in hell the spend threshold should have been lowered. If anything it should have been raised.
This post was edited on 6/6/18 at 9:34 pm
Posted on 6/6/18 at 9:33 pm to Sentrius
quote:
It may be legal to do cheat the people of Louisiana out of their tax dollars by taking that college education out of state to improve another state but it's still scummy as shite.
Not their fault Louisiana has crummy, low paying jobs and a higher cost of living.
If they're going to take one of those crap jobs they're better off taking it out of high school so they get four years of paychecks and seniority.
Posted on 6/6/18 at 10:05 pm to BlackAdam
Edwards only pushed forward his do called tax reforms which were tax increases. He never did try to follow the committee's recommendation to reform spending.
All his efforts have been towards raising taxes sometimes outright and sometimes under the guise of reform.
What is he doing to grow the economy? What he is doing is taking more dollars while the state's population is shrinking and the economy is shrinking.
Edwards is the governor of La. Our constitution puts enormous power in his hands. He managed a "temporary" 1.2 Billion dollar tax increase, he committed the state to Medicaid Expansion, and what else?
All his efforts have been towards raising taxes sometimes outright and sometimes under the guise of reform.
What is he doing to grow the economy? What he is doing is taking more dollars while the state's population is shrinking and the economy is shrinking.
Edwards is the governor of La. Our constitution puts enormous power in his hands. He managed a "temporary" 1.2 Billion dollar tax increase, he committed the state to Medicaid Expansion, and what else?
Posted on 6/6/18 at 10:11 pm to BlackAdam
In simple terms, if the program was successful after investing over 1.5 Billion dollars into it shouldn't we be seeing something more than we have to date? The facts are what film budiness we have would evaporate once the enormous subsidy is taken away. It is mostly a welfare industry.
Posted on 6/6/18 at 10:55 pm to cahoots
quote:
The computer science programs are mediocre at best. Petroleum engineering? Top ranked.
This is kind of a chicken-and-egg issue. Engineering programs in LA have the benefit of decades-long partnerships with industry, as well as experienced minds who have left the private sector for academia. If there were significant ongoing investment in the tech sector and lucrative job opportunities, computer science programs wound get better.
I can see how the opposite is true as well - companies not investing because of the lack of talent - but I don’t think that’s the primary reason we don’t bring in new industries (I could be wrong though).
To me there are three main issues that keep us from attracting/keeping talent and corporations: infrastructure, public schools, and culture. As has been said in this thread, our larger cities don’t have a lot of the amenities that can be found in competing cities, and in a lot of cases I’m not sure our people want them. I don’t see a big push among BR residents for mass transit (not CATS..), mixed-use developments, etc.
We have had a shitload of manufacturing investment announced in the past 2-3 years.. so there’s that at least. Just would be nice to see some diversification from oil/gas and petrochemicals.
Posted on 6/7/18 at 8:26 am to doubleb
DoubleD have you thought about moving out of Louisiana? Just curious
Posted on 6/7/18 at 9:16 am to cwill
quote:
at you thinking any of that revenue would make it to infrastructure or education!
take a look at the MS Gulf Coast and get back to me
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