California: 51st of 50 for business, Venuezela of North America

[CamaroGuy]

Originally Posted by Winston Smith

That's true! It's best if a powerful politician, like the governor of a state, limits her/his stupidity to words rather than carrying out stupid policies. The stroke of that mighty pen can hurt a lot of people if the governor is stupid. Schwatzenegger is kind of stupid. He might be a bit more seasoned now, but basically does not know what the f#^% he's doing and had no idea what he was up against trying to run a Democracy. Way out of his league....

He goes to bed with a Kennedy every night. That's all you need to know.

[Winston Smith]

Originally Posted by CamaroGuy

He goes to bed with a Kennedy every night. That's all you need to know.

She wouldn't be the first in the world to "marry below her station."

[18Montclair]

Originally Posted by RenaudFR

California is already bankrupted, so I don't dream, if California continues like that Texas will surpass it, economically it's obvious.
If California wants to change and to become a business friendly state it will be invincible.

Show me one shred of evidence that California is already bankrupt?

You can't because its not true.

California is not bankrupt. Sorry.

And the only thing that's obvious is that you are wrong.

[Winston Smith]

Originally Posted by hoffdano

It may have the biggest economy, but that is not the same as the strongest.

What are the trends? If CA's economy is not the strongest, or say, its economy is weakening, which state has a stronger economy and what are the criteria?

[hoffdano]

News Release: (GDP by State)

This chart shows CA's GDP growth at just 0.4%. It is in the 2nd lowest quintile.

CA unemployment is the 3rd worst in the US.

List of U.S. states by unemployment rate - Wikipedia, the free encyclopedia

I don't have any newer data - but in Oct. 2009 CA had the 3rd highest foreclosure rate.

The Latest Updated Foreclosure Rates - RealtyTrac

Those are not the attributes of the "strongest economy."

[BlackShoe]

Originally Posted by 18Montclair

Show me one shred of evidence that California is already bankrupt?

You can't because its not true.

California is not bankrupt. Sorry.

Be patient, it will be soon. Can you say half a trillion dollars? That is the unfunded pension liability for the state and municipal employees. California will either have to default or else raise all taxes sharply to insure that civil service workers can retire in their 50's with 75-90% of their pay, plus full health care benefits.

[LexusNexus]

Originally Posted by BlackShoe

Still another blow to California comes from this report that ranks California as the worst state in the nation for business, and calls it "the Venuezela of North America". Rounding out the bottom five are New York, Michigan, New Jersey, and Massachusetts. Texas was rated tops for business, followed by North Carolina, Tennessee, Virginia, and Nevada. This is a grim evaluation for a state with massive problems, and the prospects for a recovery soon do not appear to be promising.
Chief Executive - The magazine for the Chief Executive Officer (http://www.chiefexecutive.net/me2/default.asp - broken link)
Of 50 states, California ranks 51st | california, magazine, state - Opinion - The Orange County Register

I'm suspicious of any evaluation that slams states that supported Obama or states that opposed Bush and promotes places favorable to Republicans like Texas, NC, Tenn., VA, and Nevada. Seems Dixie-based.

The entire country is recovering from 8 pathetic, disastrous years of Republican Bush. CA hit especially hard. Thank God we have someone capable in the White House again, someone who understands that as CA goes, so does the nation.

[18Montclair]

Originally Posted by hoffdano

News Release: (GDP by State)

This chart shows CA's GDP growth at just 0.4%. It is in the 2nd lowest quintile.

You mean when despite the woes and all the whining by haters, California's economy STILL grew.

Furthermore, TX, despite people thinking it has Miracle-grow in its water system actually is NOT in the highest quintile for state growth.

It grew a measley 2.0%-which is pathetic. You scored a D+, congrats. LMAO.

Sure its better than 0.4%, but California outpaced the once booming states of NORTH CAROLINA, GEORGIA, FLORIDA and ARIZONA, who ALL saw their economies SHRINK.

Context people, context.

[RobE]

The city in the world with the most billionaires?

Moscow, comrade. It has 74 billionaires living within its town limits.

San Francisco has more billionaires than Dallas. And L.A. tops both of those. Uber liberal and overtaxed NYC is number two.

California has 25 people in Forbes 400 richest Americans. So do Texas, New York and Florida.

Of the non-Texas southern states, South Carolina and Kentucky each check in at zero while Alabama has one and Mississippi and Arkansas two. Oklahoma has six, Georgia has five. and North Carolina four.