There is quite a bit of irony in watching governors like Newsom say this
Newsom told CNN’s “State of the Union” that a state bailout was not “charity” and that Congress has a “moral and ethical obligation” to help Americans across the country.
Let’s point out three things:
First: The Trump boom.
Until the virus hit the country had been booming tax revenues were pouring into states from the strong economies and for all their anti Trump talk, blue states with their excessive pension plans and spending where the one who stood to gain the most from these extra revenues.
Second: The wasted chance
A lot of states that didn’t vote for Trump took that extra revenue that the Trump boom generated and blew it. Massachusetts for one:
Six months ago if you were a Massachusetts business, you were thinking about how you would use those tax cuts to grow your business, now you are thinking if you have 50 employees you are going to have to make sure you can generate an extra $100,000 next year and $400,000 by 2023 to cover the wage increases for those fifty folks, not to mention the taxes that come along with it.
So while business in other states take advantage of both the Trump boom and the Trump tax cut to expand their production, modernize equipment, bring in new workers, pay bonuses to reward their best workers businesses in Massachusetts are going to have to think twice before taking any steps knowing those low skill workers will add $8000 to the debt side of their ledger each.
It would have been wiser to pay down pensions debts, or let the Tax revenue come in but in fairness to Baker, with Democrat super majority in each house the best he can do is get something in a deal. In a lot of other states with Democrat governors there isn’t a need for a deal it was all in for party time.
Third: Praying for Disaster
For two years we heard Democrats publicly, even hope for a recession because they thought that the strong economy which was good news for the country, was also good news for Trump. Like this:
And this:
Bill Maher said Friday that he is “hoping” for the bottom to fall out of the economy and for the country to enter a recession so we can “get rid of Trump.” He said one way to do that is a “crashing economy.” Maher said he is “sorry” if it hurts people, but rooting for a recession is a prevention measure to losing democracy
and when they couldn’t bring it about themselves they talked it down as best they could:
Attempting to talk the country into an economic recession is perhaps the lowest the Democrats can go in order to gain power. It illustrates that power, not the good of the country, is their ultimate goal. It is a sickening turn of events for a political party already in the gutter.
Well the left got their Made in China recession with unemployment spiking and business’ closed via decisions advised by the best and brightest based on computer models that have proved less than accurate. Furthermore as those models have happily proved inaccurate they have kept their states closed promising (and delivering) punitive action against those who did not obey while with their left/media allies have done all they can to demonize states that have reopened or as AJ Branco put it:
So to sum up, after wasting tax revenues from Trump boom, praying for recession, finally getting it in the hopes it will Damage POTUS and doing what they can to keep it rolling in their states despite the loss of the Tax Revenue that the Trump Boom brought NOW they want POTUS to bail them out?
HA!
