Wednesday, May 20, 2009

Can a Lakers win save California from Bankruptcy?

I was thinking about my brothers and sisters over on the west coast who are facing a very turbulent time in their economy. It must be pretty despairing to think that in a short while one’s entire state could actually go bankrupt. In a state like California, that can have a far reaching impact throughout the entire nation. Another Rhino bits the dust. As Schwarzenegger engaged in the destructive policies of tax and spend the citizens of California are suffering. When will American’s learn that the ultimate victims in a tax and spend government are the tax payers? If California’s government is over-reaching in out-of- control spending, and they look to tax revenues to pay up their debt, where will this money come from? Oh yeah, the money trees that grows in the California orchards? Not.

This is just not happening in California, New York and Detroit are also seeing the demise of liberal economics. The end result of tax and spend will always be a shrinking of ones personal income. This cycle is vicious, as the American household budget shrinks; the government thinks that it can be the sugar daddy that comes to the rescue. As the government spends more to rescue hurting households, it taxes more of the entities that these households depend on to obtain income. As consumers, this means that when personal income shrinks households must cutback. If consumers are not spending, businesses do not make as much money. When business profits decrease, they must readjust for their bottom line. When this happens the first cut is always in labor cost and overhead, resulting usually in a reduction of the workforce. This is madness and a vicious cycle that American’s should have learned from in 1929.

But in California there may be help on the way. If the Lakers Basketball franchise continues to prevail against their opponents they can eventually play in the NBA Finals. Having this opportunity the state will profit on the much needed sales revenue. I noticed that in the final game of the Lakers playoff against Houston, Kobe and his team mates seemed greatly uneasy as the Rockets held on to keep the series going until the seventh game. Another win tonight brings them closer and closer to being a catalyst in the mess made by their big spending government.

And when will Republicans learn that the economics of conservatism is a good thing. I wonder if Kobe was playing with the burden of having to rescue his state from the financial ruins of irresponsible liberal economics. He seemed pretty flustered as the Rockets hung on to a seven game series. Without the influx of revenue from the continued run of the Lakers in the playoffs the state of California would be in need of a series monetary transfusion. Here in Texas, a win against the Lakers in game seven would have been a joy to our city, but we did not need them to rescue the state from the irresponsible actions of an out-of-control tax and spend government. The steaks will still sizzle and the economy will continue on and I am hopeful that Governor Perry and his administration will continue to run this state with from sound conservative principles.

However if the Lakers winning in the NBA playoffs and finals will do the state some good, then I wish them well. Beyond the team competitions, Californians are still my brothers and sisters and if they fail, we all fail. However, Rockets 2010 all the way!

7 comments:

  1. My dear sister, Mary, it's so good to see you embracing the inevitable--a Lakers championship. Whether for the sake of the economy or from resignation that your team is resting in peace, I am glad you have come to grips with reality. It feels good, doesn't it?! Sure they hit a bump in the road last night, but no problem...just prolonging the series, as it will help out fiscally in the long run. LOL! Go Lakers!

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  2. Woo, you are too funny Adrienne. I needed that laugh girl. But me a Laker's fan, NEVER. I am a Rockets Fan. R.O.C.K.E.T.S. I am also and American and I am just looking out for my peeps in Cali. But you owe me now. You can take me out for steak in DC, at the next CPAC. Oh wait, Bush is gone, there is no more steaks in DC. The real steaks are in TEXAS, where the real ballers live. wink wink

    I have written this comment 5 times, so if it comes up in 5 different variations just know I have been trying to comment back to your totally mad sentiments about me, becoming a Laker's fan. Is it really hot in New York, are you well Adrienne.

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  3. Now this is an enlightening post. Tying the Lakers to CA's economics, why didn't I think of that!

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  4. CLNO, where have you been? Missing your blogs...

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  5. CLNO, Lakers are REALLY interested in the economy, huh? 'Cause they just sent Denver packing and are headed back to the NBA Finals!

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  7. I deleted my last comment because I had a typo. Now California can display one if its most hated concepts free market capitalist. I am sure their will be many panhandlers selling their latest and greatest gadget. How else does California expects to achieve financial stability. Through cap and trade. LORL

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