I am fascinated by the spectacle of the deep blue states like California and New York.\u00a0 These places are something like 60% Democrat, 40% Republican so there is no meaningful hope of conservative policies being enacted.\u00a0 Even when they elect a Republican as governor it\u2019s with a Democrat super-majority in the legislative houses.\u00a0 So, nothing will change the social policies and even the ruinous fiscal policies can only be tweaked slightly because the public sector unions won\u2019t allow their gravy trains to be interfered with and these entitlements make up an enormous part of the state\u2019s fiscal burdens.<\/p>\n
And with all that said, it looks like the days of reckoning may finally be upon these places.\u00a0 I watched the New York State Governess Hochul begging former New York billionaires who\u2019ve moved to Florida to forgive her and her exorbitant business taxes and ruinous environmental policies and absurd energy costs and come back to New York.\u00a0 Pretty please with sugar on top.\u00a0 This was during an interview on Politico about the eroding tax base and its impact on the progressive agenda that New York City Mayor Mamdani was proposing and for which he needed Hochul to approve even more ruinous increases in taxes on corporations and the wealthy.\u00a0 She tried to explain to the doofus from Politico that places like Florida and Texas don\u2019t have state income taxes and lure corporations like J P Morgan and Tesla out of New York and California by letting them keep most of their money in exchange for bringing jobs and prosperity to their neighborhoods.<\/p>\n
And I noted that the two highest ranking candidates in the field for the California governor\u2019s primary are both Republicans.\u00a0 And since they\u2019ve combined all parties in the primary and then allow only the two highest vote getters into the general election it\u2019s possible that no Democrats will get on the ballot.\u00a0 Now of course the Democrats in a place like California will do whatever they have to do to rig the election so I\u2019m sure they\u2019ll have a Democrat on the ballot.<\/p>\n
But that\u2019s neither here nor there.\u00a0 The interesting situation is that both of these states (and several other deep blue states) are staring down a complete fiscal meltdown of such mammoth proportions that junk bond status for their state debt is the least of their worries.\u00a0 And honestly if the Republicans had any brains at all they would refuse to even run any candidates for state office at all.\u00a0 They should just walk away and let this catastrophe hit their states right between the eyes.\u00a0 There are so many facets of their situations that are dysfunctional that the next four years may finally wipe out all trace of credibility for the Democrat party.\u00a0 With the banks leaving New York and the tech companies abandoning California I foresee all those public union retirement funds going completely unfunded very soon.\u00a0 And with all those baby boomers retiring it will sound like a convention of scorched cats outside the offices in Sacramento and Albany for the foreseeable future.<\/p>\n
So, Republicans, get wise to the situation and just step back and watch these bozos get what\u2019s coming to them good and hard.<\/p>\n