Intermountain Jewish News

Banner
Tuesday,
Jul 29th
Home Columns Conservative Lens Dealing with bad economic news

Dealing with bad economic news

E-mail Print PDF

MOST conservatives, and just about all independents, have a huge misperception of the left. They think that the gulf between conservatism and leftism is primarily about means, not goals.

This perception is wrong. It is the goals that are irreconcilable. And until conservatives, independents and the Republican Party understand this, it will not be possible to defeat the left.

Take economic indicators. Most conservatives talk and act as if bad economic news disturbs the left as much as it disturbs them. It doesn’t.

Almost everywhere the left is in control — in California, for example — the economic news is awful. But this has no effect on the ruling Democrats, the Los Angeles Times editorial page, New York Times economics columnist Paul Krugman or others on the left.

There is one overriding philosophical reason and one political reason for this. Before I identify them, permit me to note some of the economic facts of life in California.

Unless otherwise noted, the following data have been culled by Chapman University Prof. Joel Kotkin, and published in the Wall Street Journal, the Orange County Register and elsewhere.

• In the last 20 years, about 4 million more people have left California than came in from other states. Most of those leaving are young families.

• In the last 15 years, one-third of California’s industrial employment base has disappeared. That’s 600,000 jobs  — disappeared.

• California has the 48th-worst business tax climate. (The Tax Foundation)

• California’s electricity prices are 50% higher than the national average.

• Middle-class workers, those who earn more than $48,000, pay a top income tax rate of 9.3%. That’s higher than what millionaires pay in 47 other states.

• California’s unemployment rate is fourth highest in the nation.

• From 2010-13, California produced fewer than 8,000 jobs, while the country added 510,000.

• An estimated 25 billion barrels of oil are sitting untapped in the Monterey and Bakersfield shale deposits. California is sending billions of dollars to Texas, Canada and elsewhere to buy natural gas and oil that it could produce itself.

• Twitter, Adobe, eBay and Oracle, among other major California tech companies, have moved many operations to Salt Lake City.

• Hollywood is doing more and more of its filming in Louisiana, Canada and elsewhere to avoid California taxes.

• Toyota just announced that it is moving its US headquarters from Los Angeles to Dallas — another 3,000 generally high-wage jobs gone.

NOW, back to our riddle. Why do these state-crushing economic statistics — nearly every one of which is the result of left-wing policies — have no effect on the left?

They just don’t care because the left is not interested in prosperity; the left is interested in inequality and in the environment. Further, the worse the economic situation, the more voters are likely to vote Democrat and the greater the number of people likely to receive government assistance. And the greater the number receiving government assistance, the greater the number who will vote Democrat.

Therefore, both philosophically and politically, the left has no reason to be troubled by bad economic news. And it isn’t. It is troubled by inequality and carbon emissions.

Last Updated ( Thursday, 22 May 2014 01:17 )  

IJN e-Edition

This is only a taste! Get full access to the IJN via our e-Edition, only $14.04 for IJN Print subscribers.

E-Edition subscribers get access to a complete digital replica of the IJN, which includes all special sections.

Get the IJN's free newsletter!

Shabbat Times

JTA News

In U.S., Gaza conflict reverberates on air and in the streets

Uriel Heilman American supporters and critics of Israel are battling it out over the Gaza conflict — with commentary, slogans, demonstrations and some notable rants by Joan Rivers and Howard Stern. ... [Link]

Hamas executes dozens accused of collaborating with Israel

Marcy Oster Hamas has executed more than 30 Gazan Palestinians accused of collaborating with Israel, according to Palestinian news sources. ... [Link]

Donald Sterling loses bid to block Clippers sale

Anthony Weiss A Los Angeles probate judge dealt a crippling blow to Donald Sterling’s efforts to maintain control of the Los Angeles Clippers, ruling that the mogul’s wife Rochelle was within her rights... [Link]

Stripping for the troops

Miriam Moster A Facebook page asks women to share provocative selfies in support of the IDF. ... [Link]

On the Israel-Palestinian front, a year of disappointment

Ben Sales A year ago Secretary of State John Kerry announced the launch of peace talks. Now, he can’t even get the two sides to agree on a cease-fire. ... [Link]

Dermer: Over 500 rockets fired at Israel landed back in Gaza

Marcy Oster Over 500 of the rockets fired from Gaza at Israel in the last three weeks have landed in Gaza territory, Israel’s ambassador told U.S. Jewish and political leaders. ... [Link]

Jewish groups get $12m of $13m in federal funding for protecting nonprofits

Ron Kampeas The Department of Homeland Security allocated to Jewish institutions $12 million, or 94 percent, of $13 million in funds for securing nonprofits. ... [Link]

Anti-semitic rant aimed at pro-peace Israel group

Anthony Weiss A Jewish group dedicated to promoting peace in the Israeli-Palestinian conflict, and which is deeply critical of Israeli policy, received an obscene, anti-Semitic voicemail on Saturday that attacked i... [Link]

Intermountain Jewish News • 1177 Grant Street • Denver, CO 80203 • 303 861 2234 • FAX 303 832 6942
email@ijn.com • larry@ijn.com • lori@ijn.com