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California is suffering from hubris.

Photo by Dan Kitwood/Getty Images

I got this piece by Hunter Lewis from Chuck Mann on Facebook. It gives a good general economic background for what I want to address in California in this installment of the Grumpy Libertarian. I edited for some typos in the version I copied, but changed no meanings.
I'm sure I do not have to convince most of you, but for those who want to continue to drink the Obama Kool-Aid and believe the mainstream media’s complicit obfuscation, we are in no economic recovery.

1) The official Bureau of Labor Statistics labor participation rate is at the lowest level since April 1977.
2) If we were calculating unemployment using the same formulation as we did in the 1930s, we would have comparable unemployment numbers to those we had in the Great Depression.
3) In February 2014, the long-term unemployed (those out of work for more than 27 weeks) increased by 203,000 to 3.8 million.
4) In February 2014, over half of the jobs created were low-paying or part-time jobs in education, health care, leisure and hospitality, government, and temporary services. Higher paying information jobs declined by another 16,000 following last January’s 8,000 loss.
5) For every person added to the labor force since January 2009, 75 people have been added to food stamps.
6) Since Obama took office in 2009, federal student loan debt has increased by 463%.
7) The unemployment rate for 18-to-29-year-olds was much higher than the national unemployment rate. The effective unemployment rate, which adjusts for labor force participation by including those who have given up looking for work, is 15.8 percent.
8) Despite Obama’s lies about job creation, there are more than 10.6 million fewer Americans in the labor force since the recession “ended” in June 2009.

And what is Obama’s solution? To double down on the failed policies and stifling regulations that have exacerbated our economy's woes since 2009, as well as to push for more student debt. Instead of working to create opportunities via utilizing our vast natural resources, Obama is busy dreaming up more new big-government schemes that rob us of our prosperity, raise taxes, inhibit job creation, increase debt, and threaten our future well-being.

If the Federal Reserve was not lying about the CPI (inflation), and using that diluted number in the GDP metric formulation (GDP deflator), we would have never “technically” (two consecutive quarters of negative GDP growth) have come out of the recession in June 2009.

Keynesian economists and liberals can never win on a level playing field. They have to lie, cheat, change facts, obfuscate, and intimidate just to stay in the game. Sooner or later history will judge them along with the complicit lap-dog media for their crimes against the United States.


Now, with that as background, and I have not independently researched the figures (though they correspond with others I have seen from other sources) I want to address the disconnects from reality we are seeing in California just now.
Firstly, having schlepped through a tax increase, placated his public union supporters, and possessed of a small “surplus,” Brown is ramming through his high speed, nowhere-to-nowhere rail project. It cannot be shown to offer any economic stimulus, but appears to me to be an exercise in political grandiosity. Any actual “progress” on it will be delayed long enough to run the costs up enough to re-bankrupt the state. To accompany that boondoggle, there are the Delta tunnels, seemingly designed to blight some of the last pristinely beautiful, cultivated countryside in the state. Why? Probably because the owners of the designated-to-be-blighted holdings are numerically fewer than the voting base for the supermajority in our legislature and for our isolated excuse for a governor.
Have closed state parks been reopened? Has that idiotic smelt preservation project that is destroying great swathes of our agricultural core been amended? Maybe by building a big aquarium and restocking in flood years? No to both.
And here is the multi-ton gorilla in the room. We have perhaps twelve million illegals in this state, and a very big hunk of Southern California’s economy, especially in the greater L.A. area, is underground and not contributing to the funding of the hospitals and other services those people are overburdening. At the same time, illegal immigrants are about at parity with our native unemployed. (That’s a broad brush, but true.) And our governor and mayors of major cities are encouraging this blight with driving licenses, with “asylum” cities, and other idiocies. Enough. Far more than enough. The obvious desire of the Democratic party, to recruit illegals as democratic party voters is apparent both in California and nationally. Of course there are humanitarian and social wrenchings involved, largely because the situation has been exacerbated by inaction for far too long, under both parties. It is time to make our state inhospitable to those here illegally. But I doubt there is the political fortitude available to do it.
Next time the Grumpy libertarian will again address the necessity for legalizations . . . to neutralize the gang culture that runs our prisons and destroys our disadvantaged youth, and to end the black markets that are fuelling the ethnic warfare rioting in our cities.

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