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Why the Left Doesn't Care about Bad Economic News
Townhall ^ | 05/13/2014 | Dennis Prager

Posted on 05/13/2014 7:35:12 AM PDT by SeekAndFind

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 their 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. But 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 Professor Joel Kotkin, and published in the Wall Street Journal, the Orange County Register and elsewhere. (For the record, Kotkin is a self-described "Truman Democrat" who voted for the Democrat governor Jerry Brown of California.)

--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 that have disappeared.

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

--California's electricity prices are 50 percent higher than the national average.

--Middle-class workers, those who earn more than $48,000, pay a top income tax rate of 9.3 percent. 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.

California faces enormous underfunded public employee pension obligations. (Bloomberg)

--An estimated 25 billion barrels of oil are sitting untapped in the Monterey and Bakersfield shale deposits. California is therefore sending billions of dollars to Texas, Canada and elsewhere to buy natural gas and oil that it could have produced 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 U.S. headquarters from Los Angeles to Dallas. This will eliminate 3,000 or more generally high-wage jobs.

--Occidental Petroleum recently announced that it is moving its headquarters from Los Angeles to Houston.

--Until relatively recently, half of the country's top 10 energy firms -- ARCO, Getty Oil, Union Oil, Occidental and Chevron -- were based in California. Today, only Chevron remains, and it is gradually relocating in Houston. (Reuters)

--Houston has added nine million square feet of new office space. Los Angeles has added one million.

--Tesla will likely locate its proposed $5 billion battery factory, which would employ upward of 6,500 people, in Nevada, Arizona, New Mexico or Texas. According to greentechmedia.com, California "didn't make the short list because of the potential for regulatory and environmental delays."

--California's Monterey Shale offers a potential employment bonanza for workers needing access to entry-level jobs in the high-paying energy sector. But California's green lobby is striving to deny them that opportunity. (John Husing, chief economist of the Inland Empire Economic Partnership, Los Angeles Daily News)

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 California's Democrats, the Los Angeles Times editorial page, New York Times economics columnist Paul Krugman or almost anyone else on the left?

The answer is that they don't care. Yes, of course, as individuals with a heart, most people, right and left, care about people losing their jobs. But in terms of what matters to the left and the policies they pursue, they don't care. The left and the political party it controls do not care if their policies force to companies to leave the state (or the country). They don't care about the coming high inflation caused by Quantitative Easing (printing money) -- Krugman calls it The Inflation Obsession -- or the job-depressing effects of high taxes, or energy prices that hurt the middle class, or compelling businesses to leave.

They don't care because the left is not interested in prosperity; the left is interested in inequality and in the environment. Furthermore, the worse the economic situation, the more voters are likely to vote Democrat. The worse the economic situation, the greater the number of people receiving government assistance; the greater the number of people receiving government assistance, the greater the number of people 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.


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Editorial; News/Current Events; US: California
KEYWORDS: economy; left; liberalism
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1 posted on 05/13/2014 7:35:12 AM PDT by SeekAndFind
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To: SeekAndFind

There could be primo, light sweet crude oil oozing out of the ground by the train load and they would try and stop it to prevent it from being used for damage to Gaea.....................


2 posted on 05/13/2014 7:43:58 AM PDT by Red Badger (Soon there will be another American Civil War. Will make the first one seem like a Tea Party........)
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To: SeekAndFind

It is troubled by inequality and carbon emissions.

...and sexual deviance.


3 posted on 05/13/2014 7:45:29 AM PDT by envisio (Its on like Donkey Kong!)
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To: SeekAndFind

The Republicans are currently selling out their base.

America is built on patriots.

The GOP (and the democrats) are all sending former American jobs to every country in the world, and sending all of those jobs out of America.

We need jobs. Right here. For Americans.


4 posted on 05/13/2014 7:46:08 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: SeekAndFind
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.

In Krugman's case it's pretty simple. He doesn't recognize that it's economic news. In California's case, it's even simpler. They don't recognize anything.

5 posted on 05/13/2014 7:48:28 AM PDT by immadashell (The inmates are running the asylum.)
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To: SeekAndFind

The author’s theory seems reasonable.


6 posted on 05/13/2014 7:49:28 AM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: Cringing Negativism Network

RE: The GOP (and the democrats) are all sending former American jobs to every country in the world, and sending all of those jobs out of America.

Or maybe the bigger problem is there is no incentive to START or CREATE jobs here.

Think of the American workforce ... over 70% of jobs created in the USA are from SMALL BUSINESSES.

They aren’t being created.

If you won’t start one here, what makes you think you’ll even think of going to China?


7 posted on 05/13/2014 7:49:54 AM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: SeekAndFind

Goal: Destroy America. The ends justify the means.


8 posted on 05/13/2014 7:51:32 AM PDT by vpintheak (I will not comply!)
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To: envisio

Actually it is fidelity that troubles them. Also truth, facts, and virtue.


9 posted on 05/13/2014 7:53:45 AM PDT by Fester Chugabrew
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To: SeekAndFind

All I am saying is, any time I go shopping anymore, in any store, in any town, in any state in America, I see rows and rows of stuff MADE IN CHINA.

Everything is made in China.

So Americans are buying stuff which basically contributed zero, to our economy.

America’s economy is seriously under-supported by true manufacturing.

We need to make the stuff we buy.

China now makes more than America makes. China now is poised to become the largest economy anywhere.

We need to bring back American manufacturing, and compete with China.

Not support China. Compete with China.

Sure that can be good natured, and can benefit us both, but what we are doing now is simply a massive sell-out of American manufacturing to a competitor.

America needs to make stuff.

Right here.


10 posted on 05/13/2014 7:56:05 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Fester Chugabrew

Christ bugs them the most.


11 posted on 05/13/2014 7:58:26 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: SeekAndFind

This isn’t exactly a new topic. No one wants to talk about a crap economy when their team is wearing the pro wrestling grand champion belt. There were more than a couple of us here during the previous decade warning that an economy built on mortgage brokers, wedding planners and selling a closet of junk on eBay was going to end poorly. I think you all can guess how those threads went ten years ago when junior was emperor.


12 posted on 05/13/2014 7:59:28 AM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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To: SeekAndFind

Until liberals love America more than they hate conservatives our country will continue to implode.


13 posted on 05/13/2014 8:20:06 AM PDT by Kharis13 (That noise you hear is our Founding Fathers spinning in their graves.)
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To: Cringing Negativism Network

RE: We need to make the stuff we buy.

As long as you’re willing to pay significantly more for that stuff you’re paying for now, I have no problems with that.


14 posted on 05/13/2014 8:37:18 AM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: SeekAndFind
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.

Because the Left owns California. Their primary concern is power and control, Mr. Prager. Never forget that. The hammerlock on power assures that they will not face losing power.

15 posted on 05/13/2014 8:38:51 AM PDT by VRW Conspirator ( 2+2 = V)
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"The bravest are surely those who have the clearest vision
of what is before them, glory and danger alike,
and yet notwithstanding, go out to meet it."

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16 posted on 05/13/2014 8:38:52 AM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: Orangedog

I’ve been saying that since the big talk of the service industry started in the 80’s. Lots of eye rolling then, now I’m a genius though few remember the disdain they heaped on me back then.


17 posted on 05/13/2014 8:40:21 AM PDT by redangus
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To: redangus

There are some entertaining threads if the archives go back that far. They called us every name in the book and wanted to know why we hated america. But now it’s okay to talk about what’s wrong. I would say that will change if someone from team red wins the championship in 2016 and we’ll go back to being america haters, but it’s not looking like team red is going to do much better by that time.


18 posted on 05/13/2014 8:50:18 AM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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To: Orangedog
True dat😉.
19 posted on 05/13/2014 9:02:24 AM PDT by redangus
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To: SeekAndFind

There are actually 4 groups split.
1]Liberals
2]Working Family Democrats
3]Conservatives
4]Republicans

Bad economic news is good for 1 and 4.
Bad economic news is bad for 2.
Bad economic news should be bad for 3 because it increases government but is is good because, on economics, they are Republicans.


20 posted on 05/13/2014 9:13:34 AM PDT by ex-snook (God forgives and forgets.)
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