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No state has an unemployment rate higher than California's. Why isn't the state's huge deficit spending stimulating growth?

tharock220

tharock220

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https://www.bls.gov/web/laus/laumstrk.htm

All you ever hear is how government spending is necessary for a good economy. Maxine Waters once said spending cuts would destroy every job in America and millions in other countries. California has by far the biggest budget of any state, but the state hasn't had its unemployment rate below the national average in decades, and it's always near the bottom when quarter GDP growth is calculated. It also has one of the highest minimum wages in the country, but if you're one of Gavin Newsom's buddies you can still pay the federal minimum wage. I was always told the consumer spending as a result of a higher minimum wage would be like rocket fuel to the economy.

What gives?

The best part is the state is losing tax revenue due to the departure of businesses and taxpayers. When Gavin Newsom proposed a California exit tax all I could think is I guess if a Californian is suicidal, banging on a door in Texas in demand of money would be a way to accomplish their goal.
 
CA doesn't have the highest unemployment rate. DC does. Next come NV and CA, tied.

www.bls.gov

Unemployment Rates for States

www.bls.gov www.bls.gov

I get your point but I wanted to clarify that. People throw out nonsense about CA all the time, usually making it look as bad as possible.
 
EnchantedMuggle said:
CA doesn't have the highest unemployment rate. DC does. Next come NV and CA, tied.

www.bls.gov

Unemployment Rates for States

www.bls.gov www.bls.gov

I get your point but I wanted to clarify that. People throw out nonsense about CA all the time, usually making it look as bad as possible.
Click to expand...

I changed the phrasing of my title because of that.😁

DC isn't a state, and Nevada's isn't higher.
 
tharock220 said:
https://www.bls.gov/web/laus/laumstrk.htm

All you ever hear is how government spending is necessary for a good economy. Maxine Waters once said spending cuts would destroy every job in America and millions in other countries. California has by far the biggest budget of any state, but the state hasn't had its unemployment rate below the national average in decades, and it's always near the bottom when quarter GDP growth is calculated. It also has one of the highest minimum wages in the country, but if you're one of Gavin Newsom's buddies you can still pay the federal minimum wage. I was always told the consumer spending as a result of a higher minimum wage would be like rocket fuel to the economy.

What gives?

The best part is the state is losing tax revenue due to the departure of businesses and taxpayers. When Gavin Newsom proposed a California exit tax all I could think is I guess if a Californian is suicidal, banging on a door in Texas in demand of money would be a way to accomplish their goal.
Click to expand...

Million Dollar Home Los Angeles


Million Dollar Home Dallas
 
tharock220 said:
What state as an unemployment rate higher than California's?
Click to expand...

DC.

Next highest are CA and NV, tied.

As I said, I get your point even though your conclusion was wrong. I just get tired of CA being listed as !!!!the worst!!!! on anything and everything (even if to make a point). It's an American tradition, I get it, but why not use DC or Nevada instead? Why was it automatically CA? Not because Pubs have their narrative, right?
 
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SenorXm/Sirius said:
California also has the 4th largest economy in the world.. The WORLD.. Funny how Trumpsters never mention that.. Lol
Click to expand...

Things change. New York used to be the second largest economy in the world after the US as a whole. Now making fun of it feels like punching downwards. The state still hasn't reached its pre-covid employment level.
 
tharock220 said:
Things change. New York used to be the second largest economy in the world after the US as a whole. Now making fun of it feels like punching downwards. The state still hasn't reached its pre-covid employment level.
Click to expand...


Well, hold onto the dream.

Also, pssst, NY was never the second-highest economy in the world.

In the meantime...

www.bbc.com

California overtakes Japan as fourth largest global economy

The US state expresses worries that President Donald Trump's tariffs could stunt future growth.
www.bbc.com www.bbc.com
 
tharock220 said:
Things change. New York used to be the second largest economy in the world after the US as a whole. Now making fun of it feels like punching downwards. The state still hasn't reached its pre-covid employment level.
Click to expand...
NY Metropolitan area is still 1 of the largest in the world.. Let's talk about the shit hole red states economies.. No?
 
SenorXm/Sirius said:
NY Metropolitan area is still 1 of the largest in the world.. Let's talk about the shit hole red states economies.. No?
Click to expand...

Every state that experienced economic growth last quarter voted for Trump.
 
Bok Tuklo said:
*ping*
Click to expand...

I guess no one told you the bullshit detector joke stopped being funny 40 years ago.

But I’ll play along. Yours appears to be broken. I’ll help you calibrate it.
 
tharock220 said:
I guess no one told you the bullshit detector joke stopped being funny 40 years ago.

But I’ll play along. Yours appears to be broken. I’ll help you calibrate it.
Click to expand...

Thank you. It is just a bullshit detector. It is not infallible.

But it is pretty strong.

And for those who are confused:

Bullshit and the Art of Crap-Detection
 
tharock220 said:
Awesome. I’ll read it later.

Is anyone going to answer the OP?
Click to expand...

I thought you were going to calibrate my bullshit detector by showing where New York was the 2nd largest economy in the world and also the 3.0% increase in GDP last quarter was confined to the states which voted for Trump while states that voted for Harris were a drag on that number.

Thanks!
 
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Bok Tuklo said:
I thought you were going to calibrate by bullshit detector by showing where New York was the 2nd largest economy in the world and also the 3.0% increase in GDP last quarter was confined to the states which voted for Trump while states that voted for Harris were a drag on that number.

Thanks!
Click to expand...

Sure. The state by state breakdown for quarter two isn’t available yet. It’s only available for the contraction that made the left so happy.

 
Bok Tuklo said:
Jesus Christ! Nebraska! IOWA!

****!
Click to expand...

What about Iowa? Your bullshit detector indicated a state that w didn’t go for Trump experienced growth. Stay ok task.
 
EnchantedMuggle said:
CA doesn't have the highest unemployment rate. DC does. Next come NV and CA, tied.

www.bls.gov

Unemployment Rates for States

www.bls.gov www.bls.gov

I get your point but I wanted to clarify that. People throw out nonsense about CA all the time, usually making it look as bad as possible.
Click to expand...
Last I checked D.C. was not a state

Unless you have some Breaking News for us.
 
VySky said:
LAst I checked D.C. was not a state

Unless you have some Breaking News for us
Click to expand...

Duh. But the data is included in state data, you'll notice.

Also, NV is still tied with CA.

So why doesn't this post start with how no other "state" has a higher unemployment rate than Nevada? :unsure:

CA jealousy is amazing. CDS.
 
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