California NOT So Bad? Are You Kidding Me?
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.
3 Comments
MarkJ
I looked closely at the state seal shown above. Three observations:
1. From what I can tell, all of the ships are sailing AWAY from the California coast.
2. The armed & armored woman is displaying an expression that says, “Why the f*** am I not on one of those ships?”
3. I’m frankly surprised the gold miner with the pick axe isn’t surrounded by 12 state officials either demanding immediate payment, waving environmental impact statements, or serving him subpeonas.
And don’t even get me started on the bear, which is obviously a protected species……
Jim
If you don’t like it, then leave. Go move to North Dakota. I’m sure they have jobs waiting for you, along with free land to build a house on.
Jasin
California sure has a budget def of 28 billion, and a debt of 120 billion, but its GDP is 1.9 trillion. Which makes debt to GDP ratio about 7.2%. Comparing that to other states, it seems that is below the national average of 10%