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Old 10-04-2009, 05:41 PM
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Default Will California Fail

Will California become America's first failed state? | World news | The Observer
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Old 10-04-2009, 06:48 PM
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Yeah, looks like dealing with snow for the rest of my life aint too bad compared to CA crumbling.
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Old 10-04-2009, 06:55 PM
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Provocative article, but I am not ready to write California off just yet. When the general economy starts turning around, California will start to heal -- probably at a faster rate than many other parts of the country.
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Old 10-04-2009, 07:32 PM
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IDK it's gonna be alot different that's for sure
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Old 10-04-2009, 08:43 PM
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Fail, no I really doubt it, but will it totally recover and be what it was 5,10 or more years ago? No, or certainly not in the next 20 years or so.
It will always hold a certain amout of charm and draw people to the state because of weather and its beauty.

I think our country will see a return to the heartland states as well as Texas and NM. for starters.

NIta
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Old 10-04-2009, 10:42 PM
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In order to optimize recovery and future growth, you need to be able to develop and execute a comprehensive economic strategy. Frankly, I don't see the political will to put it together at the state level.
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Old 10-05-2009, 12:08 AM
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I'm old enough to have seen too many places rise, fall and rise again to be ready to say California will fail.

I remember the old Seattle billboard in the 1970s that said "will the last person leaving Seattle turn out the lights" when Boeing struggled.

I remember the "see-through" skyscrapers in Houston in the 1980s, totally empty buildings when the economy collapsed there.

Some regions rise and fall and stay down, but I think that some regions have a different dynamism and creativity and reinvent themselves to rise again.

So I'm not ready to write off California. It has reinvented itself too many times in the past to say it won't reinvent itself and rise again.
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Old 10-05-2009, 12:14 AM
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Originally Posted by nmnita View Post
Fail, no I really doubt it, but will it totally recover and be what it was 5,10 or more years ago? No, or certainly not in the next 20 years or so.
It will always hold a certain amout of charm and draw people to the state because of weather and its beauty.

I think our country will see a return to the heartland states as well as Texas and NM. for starters.

NIta
Why would someone leave California to go there of all places
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Old 10-05-2009, 12:53 AM
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California has been riding one bubble after another for the last 20 years, each one bigger than the last and bursting harder than the last. Meanwhile, it's been driving off manufacturing and the middle class as best it can. I know the loss of manufacturing is a national issue, but California just looks at companies as beasts of burden to be worked to death and doesn't seem to care if they leave while other states actively recruit businesses to setup shop in their states. Until California government gets past the attitude that every problem can be solved another taxpayer supported program and another regulatory agency, a meaningful recovery isn't going to happen. Or maybe we can just find another bubble to ride.
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Old 10-05-2009, 01:40 AM
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The prime example of a failed state is Michigan. California hasn't attained quite that level of failure.

Yet.
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