Jindal

[dawg80]

http://theadvocate.com/news/15240846...ill-he-do-next

A fair article about Bobby.

Of course, the writer, being careful not to cross the line and be "too fair" to Jindal, because that would invite barbs his way, did leave out some important points. But, overall, a good article.

It also points out the flaming hypocrisy of legislators who now blast Jindal for his economic policies, but who actively participated, enabled, and VOTED for Jindal's policies. They act like they knew nothing about what was going on. Such bullchit!

[dawg80]

http://theadvocate.com/news/15219222...re-survey-says

Apparently our new guvnar is not inspiring confidence....

[dawg80]

Met with one of the most powerful legislators in Louisiana on Friday. Had a nice visit. I like the fellow and think he's "okay" as an elected representative. But! some of the things he said made we want to scream! It's kind of like this...

say there is a leak in the levee, water is trickling through and you live below it. You are concerned that the levee is going to give way and flood your home, wipe you out. So, you go to the people in charge and express your concerns. And you leave feeling that it's YOUR fault the levee is failing, and that YOU simply don't understand the complications involved in fixing the levee. But, thank you for stopping because "we want to hear concerns from the people."

This guy openly supported all of the state's budget moves the past 8 years....I know because I have been meeting with him all these years....and yet he acts like he was totally blindsided by what Jindal had been doing.

[Woof!]

Thankfully, Jindal destroyed his political future.

[PawDawg]

Thankfully, Jindal destroyed his political future.

Of course. JBE didn't know how bad things really were when he was running for office.

[TYLERTECHSAS]

Met with one of the most powerful legislators in Louisiana on Friday. Had a nice visit. I like the fellow and think he's "okay" as an elected representative. But! some of the things he said made we want to scream! It's kind of like this...

say there is a leak in the levee, water is trickling through and you live below it. You are concerned that the levee is going to give way and flood your home, wipe you out. So, you go to the people in charge and express your concerns. And you leave feeling that it's YOUR fault the levee is failing, and that YOU simply don't understand the complications involved in fixing the levee. But, thank you for stopping because "we want to hear concerns from the people."

This guy openly supported all of the state's budget moves the past 8 years....I know because I have been meeting with him all these years....and yet he acts like he was totally blindsided by what Jindal had been doing.

Exactly!

[dawg80]

For the record, I supported, and still do, in principle, what Jindal tried to do in Louisiana. It is the way guvmint should operate. BUT!!! and this is an important "but." When it's not working, not doing the things you intended, you have to tweak it. Even, make bigger changes to the process. No system will work simply operating on its own, like a wind-up toy and turned loose to run, no matter what.

Jindal CORRECTLY set the state on a build-it-up path, whereby economic growth would generate new revenue for the state. Fine. BUT! his tenure coincided with obummer's administration, and this has been, and continues to be, the weakest economic recovery in US history. The real growth rate for the national economy, from 2009 to the present, is averaging a bleak 1.7% annual rate. So, Jindal hooked his (our) wagon to an economic-growth horse that was wallowing in belly-deep muck. Added to that has been the repression of the O&G industry....remember obummer also shut down deep-water drilling which hurt our economy. That is why Louisiana's budget tanked.

So, I do blame Jindal for not monitoring the reality of the situation and making changes to the revenue model. That is what any good businessman does. Instead, Jindal set that horse-drawn cart on its way, and then hit the campaign trail in Iowa and elsewhere and never looked back. The legislature also bears a huge fault in this. What's their excuse, were they also running for a national office?

[Woof!]

When you bow at the altar of Grover Norquist, there is no "tweaking".

[TYLERTECHSAS]

For the record, I supported, and still do, in principle, what Jindal tried to do in Louisiana. It is the way guvmint should operate. BUT!!! and this is an important "but." When it's not working, not doing the things you intended, you have to tweak it. Even, make bigger changes to the process. No system will work simply operating on its own, like a wind-up toy and turned loose to run, no matter what.

Jindal CORRECTLY set the state on a build-it-up path, whereby economic growth would generate new revenue for the state. Fine. BUT! his tenure coincided with obummer's administration, and this has been, and continues to be, the weakest economic recovery in US history. The real growth rate for the national economy, from 2009 to the present, is averaging a bleak 1.7% annual rate. So, Jindal hooked his (our) wagon to an economic-growth horse that was wallowing in belly-deep muck. Added to that has been the repression of the O&G industry....remember obummer also shut down deep-water drilling which hurt our economy. That is why Louisiana's budget tanked.

So, I do blame Jindal for not monitoring the reality of the situation and making changes to the revenue model. That is what any good businessman does. Instead, Jindal set that horse-drawn cart on its way, and then hit the campaign trail in Iowa and elsewhere and never looked back. The legislature also bears a huge fault in this. What's their excuse, were they also running for a national office?

An excellent and accurate post!

[Dawgpix]

http://theadvocate.com/news/15240846...ill-he-do-next

A fair article about Bobby.

Of course, the writer, being careful not to cross the line and be "too fair" to Jindal, because that would invite barbs his way, did leave out some important points. But, overall, a good article.

It also points out the flaming hypocrisy of legislators who now blast Jindal for his economic policies, but who actively participated, enabled, and VOTED for Jindal's policies. They act like they knew nothing about what was going on. Such bullchit!

The reason the commentary may be labeled as "fair" is there was no interview with or current quotes from Jindal himself.

[tenacious_dog]

I'm up to my ears in work, but I can't pass on this.

There are real similarities to Bobby Jindal's management and policies of state government and Alan Greenspan's position on the markets, Federal Reserve and the economy.

Eventually Greenspan admitted he'd gotten some significant things wrong. Like the power of the free market's ability to self correct therefore the lack of need to regulate...he under estimated the power of derivatives for one.

I doubt Jindal will ever admit he went overboard with his drive to use tax credits to attract new business and was fiscally irresponsible by raiding the fund balances of state benefit programs that were financially secure from an actuary standpoint in order to finance budget shortfalls. To name just two things he got wrong.

The credits were not a bad idea but if he had even factored in a possible 50% reduction in oil prices as a potential downside risk, he would have drawn the line far shorter from where he went. And going after secure fund balances was just STUPID! Not ignorant (lack of knowledge)...STUPID! And why in the world he didn't go after state contracts, I'll never know.

At the end of the day, the legacy of the Jindal administration will be that it was a greater failure and squandered opportunity than even the Roemer administration.

And I voted for both of them. Maybe one of these days we'll get a conservative governor that will use sound fiscal management principles with the ability to manage the legislature that will actually do what needs to be done to fix our state constitution and state government. But Jindal wasn't it and did more harm than good.

[JuBru]

Can someone expound on the problem with our state contracts?

[KSDAWG]

For the record, I supported, and still do, in principle, what Jindal tried to do in Louisiana. It is the way guvmint should operate. BUT!!! and this is an important "but." When it's not working, not doing the things you intended, you have to tweak it. Even, make bigger changes to the process. No system will work simply operating on its own, like a wind-up toy and turned loose to run, no matter what.

Jindal CORRECTLY set the state on a build-it-up path, whereby economic growth would generate new revenue for the state. Fine. BUT! his tenure coincided with obummer's administration, and this has been, and continues to be, the weakest economic recovery in US history. The real growth rate for the national economy, from 2009 to the present, is averaging a bleak 1.7% annual rate. So, Jindal hooked his (our) wagon to an economic-growth horse that was wallowing in belly-deep muck. Added to that has been the repression of the O&G industry....remember obummer also shut down deep-water drilling which hurt our economy. That is why Louisiana's budget tanked.

So, I do blame Jindal for not monitoring the reality of the situation and making changes to the revenue model. That is what any good businessman does. Instead, Jindal set that horse-drawn cart on its way, and then hit the campaign trail in Iowa and elsewhere and never looked back. The legislature also bears a huge fault in this. What's their excuse, were they also running for a national office?

The issue, I have with the Jindal years was that while freezing state wages he was giving out these crony contracts to his buddies and therefor not actually saving any money. He simply allocated funds through crony contracts to his buddies instead of to the state workers.

[longdawgview]

The issue, I have with the Jindal years was that while freezing state wages he was giving out these crony contracts to his buddies and therefor not actually saving any money. He simply allocated funds through crony contracts to his buddies instead of to the state workers.

Unfortunately that's the Louisiana way. Jindal did this at the expense of Louisianans and is why Louisiana is still at the bottom with high unemployment and zero wage growth. No rainy day fund when oil price was at $140 barrel. While Texas was banking billions, Jindal was spending it on tax breaks on his cronies and state contracts. It is a shame.

As far as Jindal making Louisiana economic climate better, that just total nonsense:
http://www.businessinsider.com/state-economy-ranking-q4-2015-2016-1

[Woof!]

Unfortunately that's the Louisiana way. Jindal did this at the expense of Louisianans and is why Louisiana is still at the bottom with high unemployment and zero wage growth. No rainy day fund when oil price was at $140 barrel. While Texas was banking billions, Jindal was spending it on tax breaks on his cronies and state contracts. It is a shame.

As far as Jindal making Louisiana economic climate better, that just total nonsense:
http://www.businessinsider.com/state-economy-ranking-q4-2015-2016-1

People are saying that Jindal did the State of Louisiana much more harm than hurricane Katrina, but that's just understating the obvious.