Defunding by Another Name

Shoplifting has been decriminalized in California. Store management teams that take it on themselves to grab shoplifters can be sued for the effrontery of protecting store property.

Police stopped apprehending shoplifters because it wasn’t worth their time as thieves were released.

It’s broader than that.

Some large retailers including Goodwill, Walmart and Bloomingdale’s sought to punish shoplifters by requiring them to take a class in “life skills” to avoid a criminal complaint. The San Francisco city attorney then sued the educational company that provided the classes for extortion and false imprisonment.

Some Employment Numbers

…in our energy-related industries.  A letter in last Wednesday’s The Wall Street Journal‘s Letters section laid some out for Louisiana.

…the oil-and-gas industry supports 260,000 jobs in the state, and each industry job generates 3.4 Louisiana jobs in other sectors

That work out to an aggregation of 884,000 jobs in Louisiana alone.

The National Association of State Energy Officials estimates for 4Q2018 that the Traditional Energy sectors (a broader look at our energy industry than just oil-and-gas) employed 2.4 million Americans. Using (albeit naively) Louisiana’s multiplier of 3.4 jobs in other sectors generated by the energy industry, that works out to 8.2 million jobs. That’s 5% of our then-employed Americans.

The Biden No-Fracking Plan

…and his assault on our oil industry and our energy production sector generally.

Progressive-Democratic Party Presidential candidate Joe Biden said, in last Thursday’s debate,

I would transition from the oil industry, yes.

Then he repeated his promise.

I will transition. It is a big statement. Because I would stop.

Here’s how he intends to prosecute his assault.

  • ban on drilling leases and development on federal land
  • “robust federal standards” on methane releases from pipelines as well as storage facilities
  • use the Endangered Species Act and National Monuments Act to limit lands open to development

Some Economic Data

Our recovery from the Wuhan Virus situation is moving apace, both medically and economically. Here are some of the economic data. The breakdown by Progressive-Democrat- vs Republican-run States also is interesting. The Executive Summary is this:

…the labor market for lower-income workers is reviving, though it has become increasingly bifurcated between states that reopened sooner and those that maintained longer lockdowns.

Now those data:

  • continuing jobless claims for the week of October 10 declined by nearly one million to 8.37 million, and by 3.6 million in the last three weeks
  • in August the layoff rate hit the lowest on record

Labor Rights

Whose rights are they, anyway?

Last Thursday, a California First Appellate District court upheld a State district court’s order that Uber and Lyft must reclassify their gig drivers as actual employees and so must add to their labor costs with benefits, paid leave of various sorts, payroll taxes, and so on. Never mind that this will reduce gig-oriented companies’ ability to recover from the State’s Wuhan Virus-related lockdowns and cost thousands of Californians access to additional income.

The time is fast approaching when it’ll be most useful for Uber, Lyft, and other gig-oriented businesses to leave California altogether.

Some Jobs Data

…from Stephen Moore via his Fox News op-ed. They compare the job creation performance of ex-President Barack Obama’s (D) and then-Vice President and current Progressive-Democratic Party Presidential candidate Joe Biden’s eight-year administration with the three years of performance of President Donald Trump’s administration prior to the current Wuhan Virus situation.

Manufacturing
Obama: -192,000—that’s jobs lost
Trump: 475,000—that’s jobs gained

Mining
Obama: -112,000
Trump: 63,000

Construction
Obama: 280,000
Trump: 746,000

Biden wants to “help” this growth along by dumping $4 trillion of new taxes and rescinded current tax cuts on our economy, on our jobs engine.

The Biden Tax Plan

…will be a disaster for our economy.  Here are some examples of the damage Progressive-Democratic Party Presidential candidate Joe Biden’s tax plan will inflict.

Earnings reductions are directly translatable into jobs reductions—higher unemployment.

And this bit of cynicism from “a campaign employee” that’s all too typical of Biden himself:

There is no reason that an economic plan that asks everyone to pay their fair share while doing more to reach full-employment quicker with more jobs and stronger growth should not help everyone from essential workers to investors.

Some Prosperity Data

Courtesy of the Census Bureau, via Just the News and The Wall Street Journal. These data concern the last year.

  • median household income rose to more than $68,700 just over the last year, a 6.8% year-on-year rise
  • black median household income rose to $66,500—up 7.9%
  • Hispanic median household income rose to $56,100—up 7.1%
  • women median income rose to $47,300—up 3%
  • poverty rate fell to 10.5%
  • child poverty rate fell to 14.1%

These are all highs (or lows) over the last several decades, and the sizes of the changes are historically large, also.

Couple Critical Errors

…in an otherwise well-intended and worthy effort. California Governor Gavin Newsom (D) wants to make it possible for prison inmates who have been trained in firefighting and have place[d] themselves in danger assisting firefighters to defend the life and property of Californians to join fire departments after they’ve been released from prison.

Long-time readers of my blog know that I am a firm believer in rehabilitation and redemption, and this move would open one path to each of those.

There are a couple of tweaks, though, that are necessary for making this a truly effective move. One is this: Newsom has signed into law

Open New York City for Operation

Open New York City for Operation

The city currently is closed down by order of Da Mare Bill de Blasio (I know, different city. Same guy, though, functionally), and that’s causing a lot of damage, and not just economic.

More than 160 business leaders, including executives at Citigroup Inc, Mastercard Inc, and Nasdaq Inc, have signed a letter to Mayor Bill de Blasio warning of New York City’s deteriorating condition in the wake of the coronavirus pandemic and growing anxiety over public safety, cleanliness, and other quality-of-life issues.

De Blasio’s response? No. Gimme money first.