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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (429379)	10/22/2008 8:26:00 PM
From: steve harris	Read Replies (1) \| Respond to of 1571443

Blanche Lincoln, one of our dem senators, is for another "stimulus" package of checks going out. Mentioned it will create jobs. They're just robots now.... lol

To: Tenchusatsu who wrote (429379)	10/22/2008 8:46:35 PM
From: tejek	Respond to of 1571443

There are several measures on the CA state ballot that involve spending taxpayer money, usually in the form of bonds for projects. The high-speed rail project is one of them. Supporters of said projects claim that it will create jobs here in California, which we so "desperately need." They claim no new taxes, even though it will drive this state much deeper into debt. Sooner or later, taxes will indeed have to be raised, since no one in Sacramento wants to cut spending or otherwise reduce government waste. First of all, I don't trust anything a CA legislator says. When I moved there, I was surprised the way politics worked in CA and I continued to be amazed while I lived there. Secondly, there is every chance that building a high speed rail project will lead to more jobs......just the construction part alone will generate jobs......good jobs. However, if there is a way to fukk it up, CA will find that way. Unfortunately, the higher taxes will indeed lead to a rise in unemployment. Will the "newly created jobs" from the projects offset it? The general rule of thumb is that they won't. Higher taxes do not automatically lead to unemployment. Clinton raised taxes and unemployment went down. On the other hand, I'm a big believer in mass transit, especially a high-speed rail between L.A. and S.F. Long-term, it's good for the state, especially the economy, but those benefits are very hard to measure I think it will be a huge boon. And let's face it, eventually CA will have to expand and rebuild the 5 if there is no hi speed alternative. On most stretches the 5 is overcapacity. Better to spend the money on high speed rail. In the upcoming election, Seattle is voting on two more light rail lines as well as expanding the first one that won't open til next year.