California… roadmap to Socialism in the USSA

during the enron scandal when cal had no power,CNBC said the Cal economy was equivalent to the 5th largest nation,i wish i could short the state,when its all under water from global warning my grandkids would clean up
 
Quote from Cutten:

Touche. With so many people willing to give up their liberty for a bit of sunshine, it's no wonder freedom is on the back foot.

Yeah . . . people live in CALIFORNIA because it's ALL about Sunshine!

Are you that much of a Fool?
You are too funny!
:D
 
Again and again and again with same refrain over and over again. Same effing song and dance about Cali going into the ocean literally and figuratively for the last 55 years again and again and again. YAWN already.

If I knew nothing upon nothing about Cali except what I read here ...I would be a monster buyer of everything Cali. Which BTW...I am. Not Monster buyer just small a buyer. There's waaaaaaaaaaaay too much pessimism.

Wanna talk Socialism in the US... Talk Hawaii. They are they very definition.


Quote from Specterx:

I've lived in CA for five years. I was born and raised in Virginia and I'll be moving back this summer, probably for good. CA has historically been a national leading indicator, and in many ways I think the state offers us a window into America's rather grim future, if we're not careful to avoid it.

Immigration, erosion of the middle class, the emergence of a rentier elite and high taxes are all hammering California in a major way. The middle classes are being squeezed by rising taxes and costs, a teeming and in many ways "foreign" underclass on one side, and the dictates of wealthy liberal elites on the other. I've been a lifelong Democrat and it pains me to characterize things in this way, but I call it how I see it. The net result of all this is that rich kids can go to Stanford and get $40-$80k/year jobs in the Bay Area, or strike it lucky and become a Hollywood actor/producer, Entourage style, but every year the state loses hundreds of thousands of people to Colorado and points east. Unemployment in the state is over 10%; Silicon Valley, biotech startups, and Hollywood are not large-scale job producers. I know a guy who recently got a $40k/year job as an accounts manager at an Internet retailer in San Francisco. This is an entry level position paying a modest salary, but in order to even be considered you needed to have a degree from Stanford or one of the Ivies. California isn't exactly an engine of working-class opportunity. Another guy I know went to Cal, taught high school for some years in LA until finally getting fed up by the rot in the school system, and now makes a decent living as a mover - and almost all his clients are moving far, far away. Like everybody else, to save money he hires immigrant day-labor to help him load the truck.

The other major problem is rotten politics. The state legislative districts are gerrymandered to hell, so nothing ever gets done unless it satisfies the demands of some radical faction. Public sector unions and benefits are a lead weight around taxpayers' necks, and a staggering amount of state spending is either simply wasted, or pre-committed to fund outrageously generous salaries, benefits, and pensions that most middle-class private-sector workers could only dream about. It might not come to pass, but I'm afraid that ethnic/racial issues will become increasingly prominent in state-level politics, creating yet more waste, political distractions, and governmental paralysis.

What else can I say? Californians have a lot of work to do.
 
Quote from Dr. Zhivodka:

Again and again and again with same refrain over and over again. Same effing song and dance about Cali going into the ocean literally and figuratively for the last 55 years again and again and again. YAWN already.

If I knew nothing upon nothing about Cali except what I read here ...I would be a monster buyer of everything Cali. Which BTW...I am. Not Monster buyer just small a buyer. There's waaaaaaaaaaaay too much pessimism.

On the other hand, similar logic would have suggested buying Detroit real estate and GM stock for the last 25 years.

Personally I think California real estate prices will continue falling in 2009, and that going long here is almost like buying the nasdaq in 2001 or US stocks in 1931.
 
Quote from Cutten:

On the other hand, similar logic would have suggested buying Detroit real estate and GM stock for the last 25 years.

Similar logic?
Wow, what kind of meds are you on???
The way you use analogies is quite twisted.
 
Quote from Cutten:

On the other hand, similar logic would have suggested buying Detroit real estate and GM stock for the last 25 years.

Personally I think California real estate prices will continue falling in 2009, and that going long here is almost like buying the nasdaq in 2001 or US stocks in 1931.

My home appreciated over 10% between July 2006 and December 2008 when it was bank-appraised for refinance. Not all real-estate is crashing. Anyone on the coast or on a hilltop near town is making money.

If you guys just want to hate on Cali on general principles that is fine. I think some of you have your facts a little twisted.

The big glut of foreclosures in S.Cal are in the so-called "inland empire" which is a very miserable place to begin with. Terrible smog, terrible traffic, overbuilt tract housing.

I'm not trying to paint an optimistic picture of California, clearly the new budget is way too large, taxes are going to increase, vehicle registration fees will double etc. But it isn't as grim as people are claiming here.
 
Honest engine? Where are your from? Because I've seen this Cali movie before.

Weren't you you same guy who questioned me on $USD..and 18% later..


Quote from Cutten:

On the other hand, similar logic would have suggested buying Detroit real estate and GM stock for the last 25 years.

Personally I think California real estate prices will continue falling in 2009, and that going long here is almost like buying the nasdaq in 2001 or US stocks in 1931.
 
Quote from 377OHMS:

If you guys just want to hate on Cali on general principles that is fine. I think some of you have your facts a little twisted.

The big glut of foreclosures in S.Cal are in the so-called "inland empire" which is a very miserable place to begin with. Terrible smog, terrible traffic, overbuilt tract housing.

I'm not trying to paint an optimistic picture of California, clearly the new budget is way too large, taxes are going to increase, vehicle registration fees will double etc. But it isn't as grim as people are claiming here.

As someone that actually lives in California, I would tend to AGREE with you. And make no mistake, there will be a reduction in services, resources, and some pain to go through for years to come.

But you also have to understand that there is a rather "Pro-Bush" conservative clan of Republican posters here on ET that can't accept the FACT that the Republican Party is in such shambles, has no real leader ( aside from Rush Limp-Boner ) and that Barack Obama is now President . . . and they are trying to highlight anything that is "negative" and can be attached to the Democratic Party.

California being a BLUE state, is one of their targets.

It's really as simple as that.
 
CALIFORNIA BRIEFING
February 23, 2009

LOS ANGELES

1 dead, 6 wounded in 3 weekend drive-bys

Three drive-by gang shootings over the weekend left one person dead and six wounded in less than five hours.

The fatal shooting occurred about 2:10 a.m. Sunday in the 2600 block of Lacy Street just east of the Los Angeles River.

Police said four men in a blue Chevy Tahoe fired at four men standing outside a party, drawing return fire. All four of the men outside were wounded, and one of them died later at Los Angeles County-USC Medical Center, said Los Angeles Police Department Officer Norma Eisenman. The other three were being treated.

The first drive-by shooting occurred in Mid-City about 10:40 p.m. Saturday at Washington and West boulevards, police said.

A man was stopped at the intersection in a car with a 15-year-old girl when another man "pulled up and shot several rounds into the victim's vehicle," Eisenman said. The young man and girl were both wounded but were expected to survive, Eisenman said.

The final shooting happened about 3:30 a.m. in the 700 block of East 40th Place in South L.A. Police said riders in a red van fired at a house, striking a 23-year-old man. He was in stable condition.
 
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