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California's unemployment rate above 10 percent (Immigration is Prosperity!)
Reuters ^ | Feb 27, 2009 | Reuters

Posted on 02/27/2009 4:36:59 PM PST by GOPGuide

California's unemployment rate rose to 10.1 percent in January, its highest level in a quarter century, as recession tightened its grip on the most populous U.S. state.

Weakness in the housing and consumer sectors helped drive the jobless rate up from a revised 8.7 percent in December and 6.1 percent in January 2008 and to above the national average in January of 7.6 percent, state officials said on Friday.

Economist Jon Haveman of the consulting firm Beacon Economics said he expects California's jobless rate will climb to the mid-10 percent range and settle there for much of this year.

"It's headed north," Haveman said, noting his outlook reflects Friday's report that the U.S. economy in the fourth quarter shrank at a 6.2 percent annual rate, the deepest contraction since early 1982.

"Things are just simply worse out there than anticipated," Haveman said.

Governor Arnold Schwarzenegger said the state's unemployment report was a "sobering reminder that there is nothing more important than getting California's economy back on track."

California officials hope to bolster the state economy with federal stimulus dollars for public works and are rushing to pump state money into infrastructure projects as well.

(Excerpt) Read more at uk.reuters.com ...


TOPICS: Front Page News; News/Current Events; Politics/Elections
KEYWORDS: calfifornia; immigrantlist; immigration
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Excuse me, but did not our glorious elite's in both major parties tell us that massive immigration is essential to economic prosperity?

Thank God Almighty those native born Californians are fleeing the state and being replaced by all those wonderfully economically productive immigrants.

Great work Globalists!

1 posted on 02/27/2009 4:36:59 PM PST by GOPGuide
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To: GOPGuide

2 posted on 02/27/2009 4:41:34 PM PST by Bobalu (McCain has been proven to be the rino flop I always thought he was.)
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To: Bobalu

Ve must haf ze Revenue, Ja?

Ve must haf ze velfare for der Unions, und, die Illegals, Ja?


3 posted on 02/27/2009 4:43:07 PM PST by GOPGuide
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To: GOPGuide

http://www.youtube.com/watch?v=3XGJq8wrw5I

Funny, but all too real.


4 posted on 02/27/2009 4:44:40 PM PST by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: GOPGuide

If we can’t immigrate our way to prosperity and we can’t tax our way to prosperity, maybe we can borrow our way to prosperity. WashingtonDC elitists just don’t understand economics or don’t care.


5 posted on 02/27/2009 4:44:59 PM PST by BipolarBob (Even the earth is bipolar.)
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To: BipolarBob

Oh, they’ll care when the Chicoms decline Uncle Sam’s credit card and there is a flight of capital out of the dollar. It will be too late by then but at least we will be rid of the welfare state.


6 posted on 02/27/2009 4:47:13 PM PST by GOPGuide
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To: GOPGuide

Even if they want to buy our treasuries they may not have the money because their economy is shrinking faster than ours now.


7 posted on 02/27/2009 4:51:04 PM PST by Kenny500c
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To: GOPGuide

Don’t worry. Liberals are going to fix the California economy by massive tax raises.

You see, liberals have figured out that taxes should be Pavlovian; the more people are taxed, the more they get used to being taxed; and then ultimately the more they will start to like being taxed. Ultimately they will begin to drool uncontrollably before every April 15 in anticipation of being able to pay more taxes.

The only other thing California liberals have to do is frame their presentation in the same “Work will set you free” terms as their fellow socialists - the National Socialist German Workers’ Party - and the economy will really begin to take off.


8 posted on 02/27/2009 4:52:01 PM PST by Michael Eden
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To: GOPGuide

“Excuse me, but did not our glorious elite’s in both major parties tell us that massive immigration is essential to economic prosperity?”

They sure did, along with cheap imports from China.

BTW, they still won’t admit their cheap labor was a net drain on ALL THE REST OF US! Or they just don’t care, which is why they can so easily exploit vulnerable 3rd worlders, not to mention their own country.


9 posted on 02/27/2009 4:58:33 PM PST by AuntB (The right to vote in America: Blacks 1870; Women 1920; Native Americans 1925; Foreigners 2008)
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To: GOPGuide

Wonder who take home more, the unemployed or the illegal alien welfare recipient?


10 posted on 02/27/2009 4:58:44 PM PST by Haddit (A Hunter Conservative)
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To: GOPGuide

“Oh, they’ll care when the Chicoms decline Uncle Sam’s credit card and there is a flight of capital out of the dollar. It will be too late by then but at least we will be rid of the welfare state.”

I bet we’ll be borrowing money from China then turn around an cut them a check for foreign aid....along with Mexico, Hamas, whoever!


11 posted on 02/27/2009 5:00:25 PM PST by AuntB (The right to vote in America: Blacks 1870; Women 1920; Native Americans 1925; Foreigners 2008)
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To: GOPGuide

It’s actually worse than 10.1% because it does not include most of the unemployed illegal aliens, which California welcomed in by the millions.

I want to hear again from the California Chamber of Commerce, and Arnold, and McCain and Rove and all the Democrats save Heath Shuler just how these illegal aliens improve our economy.

California is getting what it deserves. The social services paid to illegal aliens are a considerable part of its debt. The foreclosures of which California ranks on top are mostly the liar loans to illegals. The unemployment for Americans is due to their displacement by illegals.

And yet they voted for Democrats and RINO Arnold and Pelosi, Feinstein and Boxer and the Mexico-first clown mayor of Los Angeles.

Screw ‘em. They got themselves here.


12 posted on 02/27/2009 5:03:59 PM PST by oldbill
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To: GOPGuide
Good of you to post this point. I was wondering when someone would make the counter point to Thomas Friedman's idiotic and adolescent diatribe about massive Indian and Chinese immigration to "save" the American economy.

The experiment was already tried. It's called California.

The empirical result is plain to see:

- Unemployment as high as Michigan

- Massive backside welfare problems exacerbated by immigrant demands, since they are by far the largest users

13 posted on 02/27/2009 5:13:39 PM PST by Regulator (Welcome to Zimbabwe! The looting begins in five minutes...)
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To: Regulator

cali sales tax 10 percent. That is the highest in the nation so pay close attention because it is coming to you...of course cali will have 20 percent then.


14 posted on 02/27/2009 5:17:42 PM PST by Boardwalk
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To: GOPGuide
There are 138,000 LEGAL immigrants to the US every month and probably an equal number of illegals. That means that there needs to be over 3 million new jobs created every year just to keep up with immigration.
15 posted on 02/27/2009 5:17:58 PM PST by Natural Law
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To: Boardwalk
Thanks for reminding me.

I already hear about the cost of groceries and TP every day from the other half.

Now we get to add a little more....all to help Los Inmigrantes "suffering" in the sunshine of the L.A. basin.

Pobrecitos.

16 posted on 02/27/2009 5:20:58 PM PST by Regulator (Welcome to Zimbabwe! The looting begins in five minutes...)
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To: GOPGuide
Governor Arnold Schwarzenegger said the state's unemployment report was a "sobering reminder that there is nothing more important than getting California's economy back on track."

And nothing like a 40 billion dollar tax increase to jump start a weak economy.

Face it Arnold. The patient is dead. You killed him.

17 posted on 02/27/2009 5:21:05 PM PST by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: GOPGuide

As CA goes, so goes the Nation. Come here if you want to see the future for everyone.


18 posted on 02/27/2009 6:22:00 PM PST by Lou Budvis ( 'Benjamin Franklin and Jefferson are rolling in their graves.')
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To: GOPGuide

“Things are just simply worse out there than anticipated”

Anticipated by whom? Many here knew it was going to be bad with Bamo in office.

The markets hate socialism. Our markets are doing the same things as Russia’s, for the same reason.


19 posted on 02/27/2009 6:28:09 PM PST by Wiseghy ("You want to break this army? Then break your word to it.")
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To: GOPGuide

IT’S ON! REVOLT, RECALL & REPEAL!

2009 Tax Revolt is on!

Make your voice heard!

Join John and Ken Saturday March 7, from 3-6 PM Doors open at 3, live broadcast 4-6

The Slidebar Café is located in the Fullerton, California Transportation Center. Take your car, take the train or take the bus. Whatever you do take the time to come out and be heard!

Plenty of free parking

For directions http://www.kfiam640.com/pages/johnandkenshow/

Go to site to print out fliers

*********Take it to the streets*********


20 posted on 02/27/2009 6:45:49 PM PST by dragnet2
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