Dec
21
2010
California NOT So Bad? Are You Kidding Me?
Posted by Flap in California, California Budget, Jennifer Rubin
Jennifer Rubin asks the question.
A reader calls my attention to an op-ed in the Los Angeles Times by Bill Lockyer, the state’s Democratic treasurer, and Stephen Levy, the director of the Center for Continuing Study of the California Economy. The two argue that California’s not all that bad.
Read all of her piece.
Let’s see:
- High Unemployment rate = 12.4% – Unemployed people number 2,267,000 up 40,000 from November 2009.
- Massive state budget deficit ($28 Billion) with no hope of balance
- Sky high real estate prices with high foreclosure rates
- California businesses leaving the state in record numbers
I am a native Californian and have lived here for over fifty years and have never seen economic conditions so grim.
The California Democratic Party has had control of the Legislature (except for some brief periods) for most of my life (6 decades). They have simply spent the state into insolvency.
Not so bad?
Ridiculous - it is worse.
Entries (RSS)