The Exodus From The Golden State (Red States vs. Blue)

(UPDATED)

We’re supposed to be the United States of America. But in many ways, we’re now divided into two very different nations: red states and blue states. Which ones are succeeding? Which ones are failing? And why? To answer these questions, economist Stephen Moore compares them side-by-side.

Why are millions of people leaving California and moving to other states? What do those states have that California doesn’t? PragerU’s first mini-documentary explores the root causes of this mass exodus from the Golden State. “Fleeing California,” featuring PragerU’s own Will Witt, sheds light on one of the most significant but underreported stories of our time.

Dave Rubin of The Rubin Report talks to Bryan Callen (Actor, Comedian, Podcaster) about Americans desire for Socialism, the ignoring of black conservatives who don’t think what they’re supposed to and if leaving California is what all Los Angeles residents should consider. Bryan talks about whether leaving California or staying and fighting is the best option. Under the leadership of people like Governor Gavin Newsom and Los Angeles Mayor Eric Garcetti he has seen the homeless encampments near his home in Venice grow year after year while the state income tax goes higher and higher. Is fleeing California and their high taxes to move to Texas or Florida the only option left to escape California’s inevitable financial crisis from it’s wasteful spending, and endless chants of “tax the rich”? (FULL INTERVIEW HERE)

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It used to be the California Dream. Now, it’s the California nightmare. That was basic.

In case you haven’t heard, a TON of people are fleeing California. You can’t blame them. We’ll get into all the reasons why later, but the overall theme here is – California kinda sucks now.
A total of 691,321 people moved from California to another state last year. That’s more than the whole state of Wyoming – every single year!

And that was more than the previous year. It’s like a damn breaking and all the California people are spilling out all over the place.

Sure, there are a lot of people moving here, too. About a half million people decided to move to California last year, for whatever reason I don’t know. Maybe cause it’s warmer? Or for a job maybe.

Anyways, the negative migration was the 9th year in a row for California. There are only a handful of other states that can claim that.

(You can find more on my YouTube about California’s woes) California is the one of the most beautiful states in the union, however, its high taxes, excessive regulations on business, high cost of living, and out of control housing market has forced much of the middle class to move to other states. We show the stats of why people are leaving in droves out of CA and show where they are going through in this documentary of The Golden State.

A followup video to our “Leaving California,” above.

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BONUS: The Salton Sea

What happened to the Salton Sea in California? In my first travel documentary about this strange yet fascinating place in California’s Imperial Valley, I explore the sea and surrounding communities of Bombay Beach, Slab City, East Jesus, and Salton City. The area was also the inspiration for the fictional desert town of Sandy Shores which appears in the popular video game Grand Theft Auto V and Grand Theft Auto Online. In the game, Trevor Philips acquires a small landing strip in the area which may be in reference to the Salton City airport. I encourage you to read more about the lake’s history and the current ecological crisis it has become. You can find an interesting article written by Ian James and Sammy Roth on USA Today here: THE DYING SALTON SEA

 

Trump Stepping Into Obama’s Bailout Failure

(EPOCH TIMES article linked in pic above)

I grabbed this from my phone, because it is behind a WALL STREET JOURNAL paywall otherwise (for whatever reason my phone got the text?). Enjoy Art Laffer and Stephen Moore:

  • Obama’s Bad Stimulus Example: Democrats want to repeat the 2009 strategy of paying Americans not to work.

President Trump is negotiating with Congress over a massive stimulus plan to combat the severe economic and financial fallout from the coronavirus. One idea that seems to be catching on is a check of up to $1,200 to be mailed to every American, while Democrats in Congress want paid-leave policies and expanded welfare benefits. These may provide some needed temporary relief for families but are unlikely to help lift the economy. Keynesian stimulus almost always fails, and often makes the downturn worse and the eventual recovery weaker.

Mr. Trump would be wise to learn the lessons from Barack Obama’s $830 billion American Recovery and Reinvestment Act of 2009. In the wake of the housing meltdown and financial crisis, Congress passed the largest stimulus-spending package in American history. The economic spark and job creation were supposed to appear almost immediately, as money flowed into “shovel ready” construction projects. Vice President Joe Biden barnstormed around the country in 2010 promising a “Summer of Recovery” that never came.

One problem apparent from the start was that only about 15% of the money was used for roads, bridges and other infrastructure projects. More than twice as much went to income-redistribution programs such as Medicaid, food stamps and extended unemployment insurance, or to green-energy projects. Remember the federally subsidized “cash for clunkers” auto trade-in program? That sop to the auto industry did little to shore up employment—or even the auto industry. University of Chicago economist Casey Mulligan calls the postcrisis downturn the “redistribution recession.”

The left is now trumpeting the redistributive stimulus as a wondrous success. Mr. Obama even tweeted earlier this year that his stimulus plan laid the groundwork for “more than a decade of economic growth.” But the facts point in the opposite direction. When his stimulus plan passed, Mr. Obama’s economic team predicted above 4% growth each year from 2011 through 2013.

Fortune tellers with tarot cards and Ouija boards might have gotten closer to the mark. On average, growth from 2009 to 2012 was a mere 2%. Two years after the stimulus the unemployment rate was still 9%, and it would have been much higher if not for the millions of Americans who dropped out of the labor force because jobs were so scarce. The plan was designed to help the middle class, but median household income fell through 2011.

In 2015 the Joint Economic Committee of Congress compared the Obama recovery with the previous eight recessions and found that per capita income growth after 2009 was thousands of dollars below the average. The JEC’s conclusion summarizes the legacy of the Obama stimulus: “On economic growth the Obama recovery ranks dead last.”

To paint a rosy picture, Democrats have had to argue that the economy would have been even worse, bordering on a second Great Depression, without all of the spending. Yet their outlook before passing the stimulus exposes that argument as a mere shifting of goal posts. Actual job growth after 2009 was lower than what Mr. Obama’s economic team predicted it would have been without the hundreds of billions in spending. That’s some “investment.”

Then as now, Nancy Pelosi was speaker of the House. Her strategy was, as Mr. Obama’s chief of staff put it, not to let a crisis “go to waste.” The 2009 stimulus morphed into a giant welfare bill—by design. Mrs. Pelosi said back then that spending money on food stamps and unemployment insurance was “fast acting” and “fiscally possible,” and that these programs could deliver a surplus of economic activity for every dollar spent. Magically, paying people not to work was supposed to get more people to work.

Now she is peddling the same economic non sequiturs, hoping to salvage employment while passing two weeks of paid leave for employers with fewer than 500 workers, beefed-up unemployment insurance, and other redistribution programs at a price tag of hundreds of billions of dollars. Democrats even tried to make the paid-leave provision permanent. All this spending will decrease the number of Americans who return quickly to work after the crisis.

Given the current public-health strategy of social distancing, providing cash and in-kind benefits to tens of millions of stranded workers may be a prudent and compassionate approach. But no one should pretend these programs will stimulate recovery. They are likelier to prolong a slump, as the Obama strategy did. President Trump should beware: Another redistribution recession might even ensure that Joe Biden takes his job in November.

A much simpler and more effective stimulus would be a pro-growth tax cut, such as a suspension of the payroll tax. In addition to boosting take-home pay, it would give 27 million small businesses an incentive to hire rather than fire.

Mr. Laffer is chairman of Laffer Associates. Mr. Moore is a senior fellow at the Heritage Foundation. They are authors of “Trumponomics: Inside the America First Plan to Revive Our Economy.”

 

American Mexican Trade Deal – Stephen Moore

Michael Medved interviews economist STEPHEN MOORE about the recent agreement between Trump and the current [and incoming] President[s] of Mexico. I did not include the callers, but one guy pointed out that it still has to pass our Congress and Mexico’s. A great interview.

Why Trump’s Tariffs Are a Negative

On his way back from a meeting at the White House, Stephen Moore calls in to update Larry on the Tariff discussion and the looming trade war. Moore says he made the case for free trade to the President… but will it have its desired effect? Read his article directed at Trump’s policies:

Who’s the Fairest of Them All? The Laffer Curve Tells Us

(Video description) Should Taxes Be Higher? It’s the million dollar question! Up? Down? No change? Where in the world should taxes go? In election years, the question of tax rates fills the airwaves. In non-election years, the question of tax rates, again, fills the airwaves. So what’s the answer? UCLA Professor of Economics Tim Groseclose explains his research on the topic. Basically, there’s a certain point at which higher tax rates actually reduce the amount of revenue the government collects. What’s that point? When are tax rates too high? Learn a valuable lesson in economics, and public policy.

Video Description:

President Obama has declared that the standard by which all policies and policy outcomes are judged is fairness. This video explores what it means for our economic system and our economic results to be “fair.” Does it mean that everyone has a fair shot? Does it mean that everyone gets the same? Does it mean the government is supposed to play the role of Robin Hood, taking from the rich and giving to the poor? The surprising answer: Nations with free market systems that allow ALL people to get ahead are the fairest of them all.

Learn more in Who’s the Fairest of Them All? The Truth about Taxes, Opportunity, and Wealth in America by Stephen Moore:

http://www.encounterbooks.com/books/whos-the-fairest-of-them-all/