Well it seems that we are entering the doldrums with little news on Spring Practice. The flame war over Public Pensions seems to be petering out. And there is little news on the Korean Girlfriend front.

So let's start up another flame war. Paul Krugman commented in today's NYT:
"Two impossible things happened to the U.S. economy over the course of the past year or at least they were supposed to be impossible, according to the ideology that dominates half our political spectrum. First, remember how Obamacare was supposed to be a gigantic job killer? Well, in the first year of the Affordable Care Act's full implementation, the U.S. economy as a whole added 3.3 million jobs the biggest gain since the 1990s. Second, half a million of those jobs were added in California, which has taken the lead in job creation away from Texas.
Were President Obama's policies the cause of national job growth? Did Jerry Brown the tax-raising, Obamacare-embracing governor of California engineer his state's boom?"


Can it be that California is not in a death spiral due to its tax and spend. Can it be that as in the past, California can lead the way in the ongoing economic recovery.

Ladies and Gentlemen, start your flame engines!

Since the depression, net job gains, California, 3.3%. Unemployment, California, 6.9%
net job gains, Texas, 11.8%, Unemployment, Texas, 4.4%

Krugman is full of it. In any event what we are talking about with job gains is a decent 2009.

http://www.jec.senate.gov/public/

People come to California because of its good weather, and it's not humid.

burritos;842473168 said:

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People come to California because of its good weather, and it's not humid.

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This.

GB54;842473151 said:

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Krugman is full of it.

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And this.

GB54;842473151 said:

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Krugman is full of it.

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Yeah, what's he got for credentials?

Both states have a lot going for them. Why is evertthing an ideological issue?

burritos;842473168 said:

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People come to California because of its good weather, and it's not humid.

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newsflash: cal's "good weather" died.
# drought <==> bad times

"Since the depression"... The Depression started in 1929. Therefore, I think your stats are incorrect.

smh;842473198 said:

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newsflash: cal's "good weather" died.
# drought <==> bad times

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There is plenty of water, we just need to be smarter about how we use it. Less rain just makes our weather even better.

Go!Bears;842473202 said:

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There is plenty of water, we just need to be smarter about how we use it. Less rain just makes our weather even better.

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But I really like almonds.

smh;842473198 said:

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newsflash: cal's "good weather" died.
# drought <==> bad times

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It did? When did that happen?

NYCGOBEARS;842473203 said:

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But I really like almonds.

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Maybe we should let Mississippi grow them?

Bobodeluxe;842473196 said:

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Both states have a lot going for them. Why is evertthing an ideological issue?

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Because tribalism in an inborn trait in humans, and some people of no true inherent value(politicians) generate power from pushing this button of ours.

Go!Bears;842473207 said:

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Maybe we should let Mississippi grow them?

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Convince Blue Diamond of that.

Go!Bears;842473186 said:

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Yeah, what's he got for credentials?

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Isn't he a nobel prize winner? Isn't that something that Cal people(not me per say) really care about?

GB54;842473151 said:

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Since the depression, net job gains, California, 3.3%. Unemployment, California, 6.9%
net job gains, Texas, 11.8%, Unemployment, Texas, 4.4%

Krugman is full of it. In any event what we are talking about with job gains is a decent 2009.

http://www.jec.senate.gov/public/

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The link you provided says:

California private-sector employers have added 1,802,800 jobs since February 2010, (the national low
point for private-sector employment).

Texas private-sector employers have added 1,525,500 jobs since February 2010.

California's unemployment rate of 6.9% is down from a high of 12.2%
Texas's unemployment rate of 4.4% is down from a high 8.4%

Both states are doing well. The US economy is expanding nicely with low inflation. Corporate profits and the stock market continue to grow at record levels.

However, new unemployment claims in the most recent month are up 7.0% in Texas as the effect of lower oil prices begins to ripple through their economy, while California's new unemployment claims continue to decline as lower oil prices strengthen our economy. The ending of the labor dispute in West Coast (mostly California) ports will further boost California's economy as will the upcoming summer travel season. However, the big issue looming for California is the drought, especially its potential impacts on the agriculture sector.

burritos;842473212 said:

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Isn't he a nobel prize winner? Isn't that something that Cal people(not me per say) really care about?

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He got a Nobel in economics not political opinion

GB54;842473232 said:

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He got a Nobel in economics not political opinion

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The two are inextricably tied.

smh;842473198 said:

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newsflash: cal's "good weather" died.
# drought <==> bad times

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Texas has had recent drought problems of its own. If global climate change projections are accurate, those problems will get worse.

NYCGOBEARS;842473234 said:

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The two are inextricably tied.

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Which is why he writes for the "opinion" pages not the economic pages? In fact, he was predicting that Obamacare would greatly benefit the Dems in the mid terms. He is a totally partisan ideologue. This column is typical in its cherry picking

Go!Bears;842473202 said:

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There is plenty of water, we just need to be smarter about how we use it. Less rain just makes our weather even better.

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longterm water ag contracts don't give a fig about Big Picture smart.

besides there's no reason to think state weather will ever return to normal. Normal's expiration date done expired.

calumnus;842473213 said:

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The link you provided says:

California private-sector employers have added 1,802,800 jobs since February 2010, (the national low
point for private-sector employment).

Texas private-sector employers have added 1,525,500 jobs since February 2010.

California's unemployment rate of 6.9% is down from a high of 12.2%
Texas's unemployment rate of 4.4% is down from a high 8.4%

Both states are doing well. The US economy is expanding nicely with low inflation. Corporate profits and the stock market continue to grow at record levels.

However, new unemployment claims in the most recent month are up 7.0% in Texas as the effect of lower oil prices begins to ripple through their economy, while California's new unemployment claims continue to decline as lower oil prices strengthen our economy. The ending of the labor dispute in West Coast (mostly California) ports will further boost California's economy as will the upcoming summer travel season. However, the big issue looming for California is the drought, especially its potential impacts on the agriculture sector.

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I agree with you. Texas and California both have dynamic economies. We are lucky that we have a country with two differing but complementary models. California's economy suits us; Texas, them. Neither one is or should be a national model.

burritos;842473209 said:

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Because tribalism in an inborn trait in humans, and some people of no true inherent value(politicians) generate power from pushing this button of ours.

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But shouldn't education moderate extreme views, somewhat?

smh;842473253 said:

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longterm water ag contracts don't give a fig about Big Picture smart.

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They don't, but there are lot's of ways around those contracts if the parties are motivated. As water becomes more expensive, people will find answers. Things will work themselves out and we will still have our beautiful weather.

Bobodeluxe;842473257 said:

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But shouldn't education moderate extreme views, somewhat?

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Did you come to that impression by reading this august board?

GB54;842473151 said:

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Krugman is full of it.

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But is he wrong?

Bobodeluxe;842473257 said:

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But shouldn't education moderate extreme views, somewhat?

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You would think, but usually it doesn't. People don't like to be proven wrong.

2015 will be an interesting year for Texas. I expect it to substantially underperform the rest of the country.

At one time, yes. Today, education is a political tool that is used to reinforce extreme beliefs.

hanky1;842473300 said:

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2015 will be an interesting year for Texas. I expect it to substantially underperform the rest of the country.

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http://www.bloomberg.com/news/articles/2015-03-23/texas-landmen-left-out-of-work-as-oil-patch-boom-times-go-bust

One of the reasons why Texass didn't eat sh*t during the Recession was strict home equity lending laws. They got ripped in previous bust years and the Keating fiasco, so they put laws to help prevent it again. Also a lot of the job growth Texass bragged about were minimum wage. Of course now that oil has crashed, well Texass is getting messed with in a big way.

71Bear;842473316 said:

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At one time, yes. Today, education is a political tool that is used to reinforce extreme beliefs.

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Not always. Education makes it difficult for someone to deny the existence of things such as evolution and climate change. That is why a some people from a certain political party (note: i am NOT saying all Republicans) want to change how science is taught.

burritos;842473325 said:

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http://www.bloomberg.com/news/articles/2015-03-23/texas-landmen-left-out-of-work-as-oil-patch-boom-times-go-bust

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Oil and gas in Texas isn't as big a deal as it was in the 1980's. It will
certainly be felt in certain pockets but Alaska is the place where it will really take its toll.

The changing weather pattern is what is going to sink California. :cry:

NYCGOBEARS;842473234 said:

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The two are inextricably tied.

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Indeed. This is why I was a PEIS major, so I could be a pundit who paints with a broader brush. Also why I've eschewed those narrowly focused Nobels.