Berkeley CSUA MOTD:Entry 38544
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2025/07/09 [General] UID:1000 Activity:popular
7/9     

2005/7/12-13 [Politics/Domestic/California, Politics/Domestic/California/Arnold] UID:38544 Activity:low
7/11    link:tinyurl.com/8wbn2 (journalnow.com, Bloomberg News)
        The US gov will report this week that rising tax revenue is
        shrinking this year's budget deficit, possibly by as much as
        90 billion, giving Bush a shot at fulfilling his deficit
        reduction promise 3 years early. Also, California's economy
        is improving: http://biz.yahoo.com/bw/050708/85505.html?.v=1
        If things do indeed improve in the next few years, will you
        guys still say bad things about Bush?
        \_ He promised to cut it in HALF.  $90 billion isn't close to half
           of $400 billion.  For that matter, he CREATED the problem in the
           first place by being the first president EVER to push tax cuts
           in a time of war.  So to answer your question: yes.  A minor
           reduction in problems he created won't validate him for me.
           \_ Does your quoted $400 billion include the spending in Iraq/Afgh?
              The added debt during Bush's terms is in the ballpark of $2.1
              trillion.  There was a join study including the Heritage Found.
              that found that on our current track, the only thing the gvmt
              will be able to afford by 2040 is financing our debt.
           \_ I believe it was stated in the promise that the deficit
              will be halved by half by the END of his second term, not
              in the 2004/2005 fiscal year.
              \_ Does "halved by half" mean 25% reduction?
                 \_ Wishful thinking aside, does 2004/2005 mean the end of
                    W's 2nd term?
           \_ The only reason tax revenue is rising is because more and more
              people are getting hit with AMT problems.
              \_ Do you have data to back that up?
        \_ Racking up a gigantic deficit and then cutting *that* in half
           isn't quite that impressive, which is why promising to cut the
           deficit in half seems like a kind of vague goal.
           deficit in half seems like a king of vague achievement.
2025/07/09 [General] UID:1000 Activity:popular
7/9     

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Cache (6029 bytes)
biz.yahoo.com/bw/050708/85505.html?.v=1
Commission Executive Director Mark Mosher cited statistics from the state Employment Development Department indicating that California has added 84,600 new jobs in the first five months of 2005. That brings to more th an 250,000 the number of jobs added since Governor Schwarzenegger and th e Legislature enacted comprehensive workers' compensation reforms last y ear. Those reforms, which were developed in response to employer complaints th at skyrocketing workers' compensation costs were a chief barrier to grow th, have already reduced pure premiums by an average of 30%. Mosher also pointed to dramatic improvements in a number of other key eco nomic statistics as evidence that California's economy is making a stron g and sustained comeback from the 2001 recession: * California non-farm employment reached a record high of 14,738,600 in May * Though it accounts for only 12 percent of the nation's population, Ca lifornia in May accounted for nearly 23 percent of jobs created nationwide. "The strong economic news and the Governor's success in controlling spend ing and holding the line on taxes have been instrumental in helping the Commission get out its message that California is serious about creating an environment that is favorable to employment," said Warren Hellman, w ho serves as co-chairman of the independent, volunteer Commission along with Los Angeles attorney Ron Olson. "Californians remain focused on two of the most important things that wil l help the state succeed: improving the economy and creating jobs," said Hellman, who is chairman and co-founder of a private equity investment firm in San Francisco. The Commission's mid-year progress report outlined some of the work it ha s been doing to promote the state's economy, businesses, products and se rvices. The report was accompanied by a roster of Commission members and a list of its donors. David Crane, an honorary Commission member and a special economic advisor to Governor Schwarzenegger, said it makes good sense for independent gr oups like the Commission to promote the fact that California is actively growing jobs and its economy. "Employers have told us over and over again that they'll be able to hire more workers if the Legislature follows the Governor's lead in focusing on cost reduction and infrastructure improvement," Crane said. "And to m ake California's recent improvements even more effective, employers insi de and outside the state need to know things have changed for the better . That's why it's very helpful when independent groups such as the Commi ssion tell the world about the new approach in California." According to Mosher, the Commission will focus over the next six months o n expanding its work and continuing to build on its momentum. "We've done some good work over the past six months and we made some big- splash headlines last year with the Governor's help that drew prominent national and international attention to California's new 'open for busin ess' attitude," Hellman said. "We are continuing to build on that, recru iting new employers and other members to the Commission, executing our a genda and doing the difficult work of growing the state's economy and cr eating more jobs." The California Commission for Jobs and Economic Growth is an independent, member-supported California nonprofit corporation. The Commission works to attract and retain employers and jobs in California and to market th e state across the country and around the world as a place to do busines s, visit, invest and buy products and services. Governor Schwarzenegger and several members of his administration serve as honorary members. California Commission for Jobs and Economic Growth: Activity Update for t he first six months of 2005 Promotion, Outreach and Partnerships * Promoted California's economic progress statewide and to national and international audiences through various media activities and events. Advocacy, recruitment and development * Secured letters of advocacy from Governor Schwarzenegger on behalf of California companies seeking to expand their businesses into foreign markets and also to develop partnerships with foreign companies looking to expand within California. COMMISSION MEMBERS Martha Diaz Aszkenazy President, Pueblo Contracting Services, Inc. Ernest Bates, MD Chairman and CEO, American Shared Hospital Services Frank Baxter Chairman Emeritus, Jefferies & Company, Inc. Rachel Berliner Co-Founder, Amy's Kitchen Andy Berliner Co-Founder, Amy's Kitchen David Booth Chairman, CEO and Chief Investment Advisor, Dimensional Fund Advisors John Bryson Chairman, President and CEO, Edison International Peter Chernin Chairman and CEO, Fox Entertainment Group, News Corporation Lee Clow Chairman and Chief Creative Officer, TBWA/Chiat/Day John Cushman III Chairman, Cushman & Wakefield Lloyd Dean President and CEO, Catholic Healthcare West Robert Dynes President, University of California Donald Fisher Chairman, Gap Inc. Former US Secretary of State Paul Wachter CEO, Main Street Advisors John Wilhelm President, Hotel Employees and Restaurant Employees International Union HONORARY MEMBERS Arnold Schwarzenegger Governor of California Victoria Bradshaw Secretary, California Labor and Workforce Agency Sunne Wright McPeak Secretary, Business, Transportation and Housing Agency Tom Campbell Director, California Department of Finance David Crane Special Advisor to the Governor for Jobs and Economic Growth Commission Donors (2004-2005) Douglas Barnhart, Inc. Free Home Mortgage Quotes Fast, easy mortgage quotes from nationwide lenders. Find any type of mort gage including refinance, home equity, new home and debt consolidation. All the news rel eases provided by Business Wire are copyrighted. Any forms of copying ot her than an individual user's personal reference without express written permission is prohibited. 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