ToDaZeD CA *facepalm* -- Greek-style edition
looks a tad uncomfortable...
Unemployment was 12.4 percent in May *cough*bullshit*cough*, 2.7 percentage points higher than the national rate. Lawmakers gridlocked over how to close a $19 billion budget gap are arguing over what a Fwentch company did during the Occupation, and the fate of the state rock, while not weighing the termination of the main welfare program for 1.3 million poor families or borrowing more than $9 billion in the bond market. California, tied with Illinois for the lowest credit rating of any state, is diverting a rising portion of tax revenue to service debt ...
with a $1.8 trillion economy that’s larger than Russia’s… and a regulatory system that makes the USSR’s look simple...
In California, the state grabbed $1.7 billion in redevelopment money from local governments in May. one good thing—that money was all set to go for graft and grift anyway. oh, and “traffic calming measures” on cities’ busiest streets. yeah. morons. ...
The risk is that California ends up like Greece, with no one trusting that it can get its financial house in order…
Still, California isn’t Greece. It’s home to Silicon Valley, Hollywood and a $27 billion agriculture industry which it’s rapidly killing in favor of a 2” trash fish. as working farms are bankrupted they are snapped up by Big Ag which will burn out the land and leave it barren for 100 years. [see: Kern Co.]. “It’s unbelievable,” you can say that again says Bob Nichols, CEO of Windward Capital Management Co. in Los Angeles. “How do you screw up a place with the growth capability of California? It’s so dysfunctional.”
Bob. Put down the latte, learn to use terms like “fucking asinine” or “criminally puddinheaded” and go invest in pitchforks and torches. I hear tar and chicken futures are going up, too...
Here’s a jobs lost map:
See Slate for the animated/interactive version.
Keep in mind, most counties in CA are the size of mid-western/eastern states. Red is jobs lost: the bigger the circle, the more lost. That ginormous circle is LA county with 295,880 jobs lost since Oct 08; by far the biggest in the nation, whaddan honor!. That tiny blue circle is Tulare Co with 712 jobs gained. And yet they tell us that unemployment is 12.4%.
Pull the other one; it’s got bells on.
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