Why the Left Doesn’t Care about Bad Economic News

unemployment-1This 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.

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  • UCSPanther

    The left is also bad at math and real science, because neither support their narratives.

    When a leftist brags about how “educated” they are, they are clearly exchanging “indoctrinated” for “educated”.

    • AntiLeftist

      Yep. Progressives may be highly educated (doubtful), but their limited intellectual capacity doesn’t allow them to do much more than parrot slogans with that education.

  • George B from Maine

    In fact, they celebrate it. The worse it is – the better. That has always been a secret motto of communists, socialists, and all their brethren. Why? Elementary, Watson. More poor people- more foodstamps, more benefits, more taxes, more spreading the wealth. Ultimately- more power to THEM, aka the government.

  • mikeman

    Spielberg and obama are shown posing in another article on this website. Two phonies, two hypocrites,who excel at creating fantasies.

  • Hard Little Machine

    Why? Because there’s generally two or three Californias. There’s the wealthy narrow coastal strip that exists from San Francisco to San Diego where most of the money and power and PR is based. Generally ‘liberal’. There’s the northern coastal strip from Marin to Oregon which is slightly less wealthy but even more liberal. And then there’s the entirety of the whole rest of the state.

  • http://libertyandculture.blogspot.com/ Jason P

    For the left, our wealth is our guilt. We must become more like the “Third World” to pay for our sins.

    Did anyone notice the most important plank in Obamacare won’t go into effect for several years? This is the attack on “cadillac” health plans. It will be a crushing 40% tax on those health plans because some people have too good health insurance and that’s a sin. People are unaware that their health care services are being reduced in quantity and quality by design … the sin of being American in a poor world.

  • Ban Liberals

    Liberals: The bane of society and the end of our nation.

    And perhaps I should EQUALLY add the RINO REPUBLICANS to the list of those committed to taking down the United States of America. Traitors all.

  • Ruth Hirt

    They have no sense, they are out to convert democratic USA into a rationing, totalitarian state, diminuting human aspirations to mendicancy …

  • Douglas Mayfield

    Thank you Mr. Prager, but I must go further by observing that the reason that the Left is untroubled by bad economic news is that their ultimate goal is to establish a socialist police in America, a la Castro’s Cuba or Chavez’s Venezuela.
    The election to the Whitehouse of a socialist and nihilist such as Obama was a big step in this direction for them.
    In order to achieve this goal, they scrupulously follow Lenin’s dictum ‘Tell any lie to gain power’ so a few economic ‘bumps in the road’ along the way to this goal is, for the Left, just business as usual.

  • Habbgun

    The best way I heard it put is this. If a leftist has a nicer car than you it gives him no joy. If a leftist has a nicer car than you and he knows he got it through your taxes he’s happy because he knows he took it out of your hide. Inequality between you and someone else bothers him. You might become even more successful. Inequality between him and everyone else is his actual goal.

  • Red Baker

    I disagree. The real reason they don’t care about the economy is that they are engaged in a socialist vote buying operation. The worse the economy, the more voters they can get. The more people they can put on welfare the stronger their power.That’s why they don’t give a damn about the tens of millions of people displaced by illegal aliens, why they want to legalize illegal aliens, and want to increase immigration. More socialist voters are manufactured that way.

  • Lanna

    The only thing that matters to the Left is power and take over…they want to be all to everyone…freedom will be gone!

  • nimbii

    Sad but true Dennis. Somehow they think they’re going to come out on top with these policies. I guess they don’t see us running out of other people’s money.

  • Bulan Sabriel

    It’s the Curley Effect. Redistribution and coercion are used to shape the electorate.

  • CDM

    What you’re seeing is the eventual fallout of the Supreme Court’s Reynolds v. Sims decision back in 1964. Up to that point, states that had bicameral legislatures typically had one apportioned by population and the other by geography, similar to the US Congress. This had been that way as long as they existed as states.

    What the Supreme Court did was throw out this system in exchange for a philosophy that every person’s vote should count equally. That might be fine as a general principle, the reality was that states adopted their systems as a political solution for the sharing of power between different interests.

    The upshot was that politicians who could command large voting blocs could repeatedly and consistently outvote those whose voters were smaller in number and more dispersed. In practice, this meant that urban vote blocs could dominate rural ones and, in effect, dismiss rural concerns. This is the situation not only in California, but in New York as well, where the legislatures are dominated by urban interests.

  • herb benty

    The Eu-style leftist Democrats are busy turning America into a stagnated, decadent, failed European clone. The bright light of this evil world has burnt out.

  • Christopher Riddle

    Could It Also Be That There Is So Little”Reporting”On This By The”Lap-Dog Media”???

  • SoCalMike

    On the contrary they love bad economic news. It confirms the battery of false beliefs they hold so deeply and dearly.