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Global Economy Bursting?

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Oil field jobs are now tending to be high tech. The Driller's console on the newest rigs looks like something from a spaceship.

Instrumentation - maintenance, installation, and R & D - is a major industry within the oil patch.
 
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Will exodus of Californians, Californicate other states?

California’s Apple Computer recently announced that expanding their Texas presence will make them central Texas’s largest employer.

Other large California corporations say they are transferring all or part of their operations out of the once formerly golden state. California has been getting deluged with television ads from other states.

Apple, Campbell Soup, Comcast, Chevron Oil, Google and countless others are just the public tip of the iceberg, as California is engulfed in an economic wildfire burning up its private sector with record high taxes and miles of government red tape.

But will other business friendly “red states” soon regret what they wished for as they woo California business to their fold?

California’s recessions of the 70’s-80’s saw an outflow of residents seeking jobs and more reasonable living conditions in neighboring states. These new residents established themselves and invited extended families and friends to join them.

Soon these new residents started to outnumber the native Oregonians/Washingtonians and Nevadans. These former “red or red leaning states” with a rural flavor, started to see a distinct transformation of demographics, especially in their larger cities and urban areas. Today these states are reliable blue, or blue leaning states, supplying Washington DC, with an unending stream of liberal politicians who impose their values on the rest of America.

Google, another California company that has had Al Gore as one their senior directors, is a huge consumer of electric energy. Ironically/hypocritically, Google been quietly shifting operations to more energy friendly states/countries; translated: Fossil fueled energy states. Recently Google announced it especially loved Irelands cool rainy climate, which they claim make it a more energy efficient location. Ireland’s energy sector is fueled mainly with fossil fuel.

Last month, George Lucas announced he had sold his Lucas Film operation to Disney for a whopping 4 billion. Lucas had finally given up his decade’s long/multi million dollar battle with environmental zealots of Marin County California to expand his facilities. Eventually these hundreds of jobs will be transferred out of Marin to friendlier business climates. California’s film industry is already producing many of its films out of state where they are being wooed w/large tax credits.

California’s new main export seems to be companies and jobs that it once used to attract like a magnet. But will this export of California prove detrimental to the very business friendly states that are attracting them?
 
Chilling economic report strikes fear into CEOs

http://www.telegraph.co.uk/finance/...g-economic-report-strikes-fear-into-CEOs.html

The larger the part the Government plays in the economy, the lower the levels of growth.

A report by Andreas Bergh and Magnus Henrekson in 2011 – cited by BCG – found that for every increase of 10pc in the size of the state, there is a reduction in GDP growth of 0.5pc to 1pc.
 
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So, these increases in taxes will fund the government for 8 days.

The narrative touted by the pundits is that the taxes for the higher income brackets is "progressive" forward thinking....... exactly what that progressivism is ... welll is a bit illusive ..... somehow .... if your rich and getting richer ... "is bad" ...... thats about the gist of it ....

.... to me ... the rich are getting quite richer because of "crapitalism" ...which involves vacuous leaderless elitism .....
 
So, these increases in taxes will fund the government for 8 days.

The narrative touted by the pundits is that the taxes for the higher income brackets is "progressive" forward thinking....... exactly what that progressivism is ... welll is a bit illusive ..... somehow .... if your rich and getting richer ... "is bad" ...... thats about the gist of it ....

.... to me ... the rich are getting quite richer because of "crapitalism" ...which involves vacuous leaderless elitism .....


What is the aversion to raising taxes on those making more than say $400,000 back to the Clinton era tax rates? What is it that nearly half of America thinks is so bad about that?

Set aside spending for a moment .. we can all agree on that (well most of us can) but without increases in revenue and cuts in spending we are bankrupt ... so what is the aversion to reversion of the tax rates?
 
But will other business friendly “red states” soon regret what they wished for as they woo California business to their fold?
I don't think the influx of California home builders to NW Arkansas worked out real well for them. Most are bankrupt.
 
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