UPDATE: This post must not have sat too well with a certain "Escrow" company. They just "unsubscribed" from LA Daily blog, three minutes after this was posted and sent out via email to subscribers. Sorry, reality ain't pretty. Neither is realty, these days.
Some of you may have seen my post re-capping the conversation I had with someone who works for the Federal Government, who told me that California is MUCH WORSE OFF economically than the rest of the country. And you can basically put California in one category, and the other 49 states in another, for the most part. So if there is about to be a U.S. decline into depression and then Tijuana...it is not only due mostly to California, but the effect will be most dramatic here and will end up taking the rest of the apple cart.
You've heard all about how the $700,000,000 bail-out and how the U.S. is saying the bottom is about to fall out of the U.S., as we know it, if they do not take this action.
And we'll be dealing with the impact and backlash from that. And everyone is analyzing it on the radio and TV. And you are hearing all the best info from the top experts regarding what to expect regarding the bailout and the economy, itself.
BUT HERE'S SOMETHING THAT FLASHED ACROSS ZUMA DOGG'S CHRONIC INFUSED MIND THAT I HAVE NOT HEARD RE-CAPPED YET:
The California economy boom over these past several years has been due to the HOUSING boom. The economy was booming because all of these homes and construction projects were being built and that was generating the whole economy for the most part.
THAT IS WHY THE U.S. GOVERNMENT ALLOWED ALL OF THE LOW-INCOME WORKERS TO IMMIGRATE FROM MEXICO TO CALIFORNIA: The U.S. needed the cheap labor and all the "benefits" that keeping things secretly on the illegal, blind-eye-turning, underground wink-winks would provide!
So it was, "Let the good times roll" era, where the California socialist elected officials could shovel benefit money and entitlement money and raise taxes on the middle class, and put all kinds of bonds and taxes on the ballot -- and pave the way for all of these low-income residents (who won't be paying these fees and taxes because they are under this "middle class" income level) to keep electing these politicians who are putting these taxes and bonds on the ballot -- and keep re-electing the politicians who are using this "Robin Hood" legislation to help keep things fair for all of these poor people who cannot help it that they are not living the middle class dream of home-ownership.
BUT THE PARTY (AS IN POLITICAL PARTY, TOO) IS O-VER-VER-VER-VER-VER...OVER!
The housing market is over, all of this construction that was driving all of this economy is over. And now, you will have all these millions of these "low-income" and poverty level non-documented residents left over, here in California, who can no longer get the construction work they were getting.
So now, you are not only stuck with the illegals who currently the out-of-work criminals overtaking the streets -- BUT NOW, you will be stuck with millions of illegals who were at least here working hard, building your commercial projects in violation of every zoning law -- WHO WILL BE ADDING TO THE UNEMPLOYMENT NUMBERS, AND THE UNEMPLOYMENT BENEFITS (already out of money), then will be applying for more social services...IT'S GONNA GET REAL UGLY OUT THERE.
PEOPLE HAVE BEEN COMPLAINING THAT THE GOVERNMENT ISN'T WARNING PEOPLE ABOUT THESE THINGS LIKE THE FANNIE/FREDDIE PROBLEM. VILLARAIOGSA SAYS HE DID NOT KNOW THE L.A. ECONOMY WOULD BE IN THIS TROUBLE.
OF COURSE THEY KNOW: SO DOES ZUMA DOGG AND ANYONE WHO THINKS AHEAD TO, "WHAT COMES NEXT".
In this case, if you have millions of illegals living here, that you allowed to live here cause you needed them for the housing boom -- and there were more jobs than could be filled at the time...and now you do not have those jobs...
WELL, you do the math. (Maybe someone can do it for Wendy, please. I would like her to know, too.)
BOTTOM LINE: The elected officials who use "entitlement money" to help keep themselves in office, will no longer be able to use that trick anymore...cause the money will have to be used to call in the National Guard and Zuma Dogg wants the rights for the "Mad Max" L.A.-based reality show that will be hitting the streets much sooner than I previously predicted. (Previous prediction: Two years. Now, it'll be more like two months!)
BLOG NOTE: NO ON HOME DEPOT UPDATE POSTED HERE