--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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