oliphant5
Got Identity?
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join:2003-05-24
Corona, CA | Despite deserving an F
Like terrorists couldn't do this on their own. This guy is hardly Oppenheimer. |
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kapil
The Kapil
join:2000-04-26
Chicago, IL
| Of course the terrorists couldn't do it...they are brown, thus inferior in all ways possible to the white man. They are too dumb to understand our mighty creations, let alone devise a plan to destroy them.
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bokamba
Chengdu Rocks
Premium
join:2002-04-05
Falls Church, VA | oliphant5  was saying the terrorists could do it. |
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kapil
The Kapil
join:2000-04-26
Chicago, IL
|  Yes, and kapil was saying that it's ok to use sarcasm every now and then 
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oliphant5
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Corona, CA | Some people just don't get yer humor. |
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kapil
The Kapil
join:2000-04-26
Chicago, IL
| ...see what happens when the republicans take over? ...the whole country loses its sense of humor 
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oliphant5
Got Identity?
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join:2003-05-24
Corona, CA | Naw, you have to have a sense of humor when you watch Democrats run California into bankruptcy. |
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kapil
The Kapil
join:2000-04-26
Chicago, IL
| Damn...I can't think of a smartass comment for that one! ...alright, you got me there.
...something about Ah!nold running for gov...but it just doesn't wanna come together in my head. Oh well, I'll let you have this one
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KrK
Heavy Artillery For The Little Guy
Premium
join:2000-01-17
Tulsa, OK
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| reply to oliphant5
Actually, what is funny is watching how the Democrats are *blamed* for running California into bankruptcy, and watching how the big money-ied interests who are *responsible* for that bankruptcy get away with it.
Of course, however, if it's the Governor's fault that California is in this mess, then one must also accept that it's W.'s fault the national economy is in a mess, right?
Oh. Wrong. AH, the double standard thing again. Just depends on which one is controlled by Republicans, eh? Then it's not their fault. Or more simply put "It's always the Democrats fault... even when the Republicans control the Presidency, House, and Senate....
You know, for the party that likes to claim they stand for responsibility, they sure spend a lot of effort dodging all of it.
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calvoiper
join:2003-03-31
Belvedere Tiburon, CA
| Actually, it's more like California's Democrat Governor jumped into a mess he didn't need to, and further screwed it up.
The power companies had, as part of their deregulation push, made a binding promise that consumer rates wouldn't rise for two years--but instead of letting the chips fall where they should have, and seeing the power companies bear the brunt of their promise when wholesale prices spiked, the Governor stepped in and had the STATE buy power at high rates and give it to the utilities.
If he had not done that, the power companies would have gone bankrupt (as they deserved to do) and the state may well have ended up owning the power companies for an investment of $10-15 billion--their market value at the bottom of the market.
Instead, our wonderful Governor gave the power to the companies for free, cost the state $35 billion, and now the consumers get to pay this off over 20 years! The power companies are ticking along nicely, with their original shareholders still protected and in control. (Yes, even PG&E, who marginally went bankrupt but is still owned by the same holding company.)
And you think Republicans are cozy with big business? Sheesh.
Calvoiper
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oliphant5
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Corona, CA
| reply to KrK
Get your facts straight before lipping off.
Over the last four years in California, population and inflation have grown at a combined rate of 21 percent. Revenue has grown 28 percent. Spending has grown 36 percent. Every budget passed and signed by Democrats.
Revenue increases exceeded combined rates of population and inflation...how is that a problem of GW and the economy? Since GW brought us out of the Clinton recession, housing prices have seen yearly double digit gains over the last 3 years. Seems between ever increase housing prices (meaning people have money to spend) and increases in revenue GW has done us just fine, no thanks to Democrats here in Cali slamming businesses with ever increasing taxes and doubling workers comp rates.
The Democrats spent like drunken sailors here. If you look over the last 5 years, spending has increased 54%. This isn't a revenue problem. It's a spending problem. In fact, Joe Davis continues to spend $1 billion more a month than the state receives. And in all the talk from the Democrats of how they've cut and cut, this years proposed budget is $2 billion higher than last years. Yeah, typical Democratic double-speak and lies.
Our deficit is higher than the entire budgets of every state except New York.
If Davis had restrained his spending to that of population and inflation, spending still would have increased 21% but instead of a $38 billion deficit, we would have a $5 billion surplus.
»www.tommcclintock.com/news/artic···129a.htm
»www.usatoday.com/news/nation/200···te_x.htm
Do some research before bothering to post.
[text was edited by author 2003-07-08 14:22:49] |
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oliphant5
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join:2003-05-24
Corona, CA | reply to calvoiper
And and those billions lost in the power mess are in addition to the $40+ billion wasted by Davis and his Cronies. |
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aztecnology
O Rly?
Premium
join:2003-02-12
Murrieta, CA
 ·Verizon FIOS
|  reply to calvoiper
Not only that, it looks as though one of our own was doing the highest gouging LADWP
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bmn
? ? ?
Premium,ExMod 2003-06
join:2001-03-15
hiatus
| reply to oliphant5
I know for sure you're not an educator, so how can you assign a grade with out seeing that paper ?
Believe me, if I could grade student's essays without reading them, I'd save some serious time down the line when I'm teaching 4000 level English and Sociology classes.
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RE Broker
@attbi.com
| reply to oliphant5
Interest rates on home loans got anything to do with it? And why are interest rates on homes so low?
Home mortgages are at an all time high for foreclosures, as are bankruptcy filings.
"Do some research before bothering to post."
signed, your friendly neighborhood Real Estate Broker. |
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oliphant5
Got Identity?
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join:2003-05-24
Corona, CA
| No, interest rates are similar across the country, while California's R.E. prices increases are double compared to the rest of the country. I guess we have magic pixie dust here? Mortgage interest rates are tied to long term bond rates. With your logic, any increases in R.E. values would be across the board if they were directly tied to interest rates...which they aren't.
And those other stats aren't true for California which is what this thread has evolved to.
[text was edited by author 2003-07-08 15:50:39] |
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Tha Shrub
@attbi.com
| The Shrub is however, not President of California, my bad for forgetting California is job 1.
The inverse nature of the long bond and mortgage rates was not the point. It was WHY are rates so low. And yes, the value of real estate is most certainly affected by interest rates, as it affects the the ability of buyers to buy and sellers to sell, i.e. it fuels the market [again the point, why does the market NEED so much fuel? throw all the refi's in = grab a bunch or your equity = pump it back into the economy = help things look better than they are = they are not = foreclosure etc]
Cali double the rate of the rest of the US? True if you pick this other spot, not true if you pick this other spot. It sounds like your doing well and I think that's good. The more people doing well, the better, obviously. As a country, you know, us lowly other 49 states, people are generally having some concerns.
And I LOVE your nic d |
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oliphant5
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join:2003-05-24
Corona, CA | What I don't want to see happen is you guys in the "lowly" other 49 states being forced into a Federal bailout of California when we declare bankruptcy because of nothing more than the California Democrats lack of the fiscal responsibility. |
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tomsprat
Draw Me A "Cold One"
Premium,ExMod 2002-04
join:2000-11-03
Fort Lauderdale, FL
clubs:
| said by oliphant5 :
What I don't want to see happen is you guys in the "lowly" other 49 states being forced into a Federal bailout of California when we declare bankruptcy because of nothing more than the California Democrats lack of the fiscal responsibility.
How can the "Feds" bail out California with a deficit that exceeds any in history? Argue if you want, but it didn't occur until the Republicans took control. Caused by the Democrats? I don't think so. We had the largest surplus in history during their last reign. Yeah, sure, they caused it all...
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oliphant5
Got Identity?
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join:2003-05-24
Corona, CA
| Revenue to the state of California out paced population and inflation. There was more money to spend.
The Democrat controlled legislature and a Democrat governor (signing these budgets over Republican objections) spent even more to the tune of 36% in 3 years.
How is that caused by Republicans again?
And what California office did Republicans take control of again? No Republican holds ANY statewide office in California.
Remember 21% 28% 36%
21% Increase in combined population and inflation in California
28% Increase in revenue to the state of California(note that 28 is a bigger number than 21)
36% Increase in California state spending (legislature and Governor house controlled by Democrats and note that 36 is a much bigger number than either 28 or 21)
We had in California the Gann Spending limit, which was a guideline of tying government spending to population growth and inflation. If Davis had followed this guideline, instead of a $38 billion deficit, California would be sitting on $5 billion in surplus. Davis through the Democratic controlled legislature has run California to near bankruptcy in just 4 years. $12 billion in surplus, to a deficit that is higher than the entire budgets of every other state except New York.
What of this is not getting through? No offense, but maybe you're missing out on a lot of these details because you aren't seeing the daily details of what is going on out here.
Here are just a few things to note
said by Reform State Spending - Sen. Tom McClintock:
State government now spends a larger portion of personal income than at any time in its history.
General fund spending grew 36 percent in the last three years, while California’s population grew 5 percent.
California now spends nearly $3,000 for every man, woman and child in the state, compared to $1,800 in Arizona.
The state is now spending over $1 million an hour more than it is taking in.
»republican.sen.ca.gov/web/mcclin···?PID=212
[text was edited by author 2003-07-08 20:52:59] |
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