Considering the historic failure of liberal economic polices, you’d think by now people would’ve learned their lesson.
PLEASE TAKE NATIONAL POLLS AND PETITIONS. YOUR OPINION MATTERS Results Are Sent To Congress - Let Congress Hear Your Voice
PLEASE TAKE NATIONAL POLLS AND PETITIONS. YOUR OPINION MATTERS
Results Are Sent To Congress - Let Congress Hear Your Voice
According to a story in allenbwest.com:
Just a quick glance at history should be sufficient: the economic collapse of the Soviet Union, the poverty and despair in places like North Korea, Venezuela, and Cuba. Yet somehow, the Democratic Party still pushes a radical economic agenda that leaves people poorer and less free.
While Democrats claim that they don’t promote socialism, their base says otherwise. Just last year, an admitted socialist almost took the Democratic nomination for president. In fact, he probably would have won if not for the DNC sabotaging the Sanders campaign.
Clearly, socialism remains popular among the American left.
For proof of that fact, look no further than the country’s most liberal state, California. Despite having some of the highest taxes and most generous social welfare programs in the country, the state is in complete economic despair. Even with surging tax rates, California’s infrastructure is crumbing and the state government is in severe debt.
Of course, this is a predictable consequence of generations of left-wing rule.
On the other hand, states with very conservative governments are experiencing an economic boom. The most conservative state in the country, Texas, is the second fastest growing state in the nation. And as a new report reveals, that stands in stark contrast to liberal paradise California, which is among the slowest.
Texas, the nation’s second most populous state, had the fastest growing economy in the nation in the first quarter of this year with its state GDP growing at a real annual rate of 3.9 percent, according to data released today by the Bureau of Economic Analysis.
By contrast, California, the nation’s most populous state, ranked 42nd out of 50 states for first quarter economic growth, with its GDP growing at a real annual rate of just 0.1 percent.
With a business-friendly environment, Texas is experiencing a boom in manufacturing:
The Texas economy, according to BEA, was driven up by a boom in the mining sector and by a large increase in manufacturing. California’s economy was dragged down by the arts, entertainment and recreation sector; finance and insurance; retail trade; and agriculture, forestry, fishing and hunting.
Sadly, California shows no signs of reversing the policies that have turned out this way. Evidently, the liberals in charge there believe they can tax their state to prosperity. As Texas shows, the exact opposite will result in real growth.