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View Poll Results: When will the California Economy turn around?
Already picking up 17 17.71%
6 months 1 1.04%
1 year 9 9.38%
1 1/2 years 5 5.21%
2 years 9 9.38%
more than 2 years 55 57.29%
Voters: 96. You may not vote on this poll

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Old 07-22-2009, 02:10 PM
 
25 posts, read 84,150 times
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When does everyone think the California economy will get better? What will cause it to get better? Pent up demand? Resurgence in housing? The pendulum swings the other way?
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Old 07-22-2009, 02:54 PM
 
Location: Oakland, CA
1,554 posts, read 5,040,935 times
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When the marijuana tax goes into effect.
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Old 07-22-2009, 03:12 PM
 
25 posts, read 84,150 times
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Is the marijuana tax for medical marijuana only? Or is it to legalize marijuana, then tax it?
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Old 07-22-2009, 03:30 PM
 
Location: Living on the Coast in Oxnard CA
16,290 posts, read 29,565,492 times
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I will have to get out my crystal ball and see when things will get better. Nothing so far. Looks kind of fuzzy. Maybe its because of all the people near by that are smoking tax free pot. Could be the smoke that is keeping me from seeing what the crystall ball is showing. Maybe when the state taxes pot I will be able to see more clearly. For now I have no answer. I am thinking far into the future. Maybe 4 years from now.
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Old 07-22-2009, 04:23 PM
 
3,736 posts, read 7,450,153 times
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Wow, knows when the recession will end here? The main thing that will end the bleeding is to cut and or eliminate some programs/services that aren't working and cost too much to run, better budget mangagement and oversight, tax pot, make it more attractive for businesses to do business in this state, layoffs have to really slow, and houses have to be more affordable, also damage control needs to be done on the part of the state to make this place more attractive (people from other states don't even want to come here and visit because they think we are in big trouble, wonder what the global view point is about our state). This has been said before already but that's the formula to get CA going again.
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Old 07-22-2009, 04:36 PM
 
2,654 posts, read 5,059,898 times
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IMHO whenever the reccesion ends in the US, CA will trail by 6-12 months due to higher impact of real estate bubble pop here, the poor business climate & looney state gov't.
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Old 07-22-2009, 04:51 PM
 
Location: In a Lonely Place
230 posts, read 547,530 times
Reputation: 259
More than two years, because the national recession/depression is likely going to last at least that long, and most economists I've read agree that California will be a lagging indicator for recovery.

Exactly what will prompt the recovery of this state is a mystery at this point. California's problems are structural and will take a long time to fix; for the last 15 years or so the state has lived and died on the bubble economies of tech and housing. CA's only chance for a sustained recovery is to build a stronger, more business-friendly economic foundation, and that doesn't seem to be anywhere on the horizon.
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Old 07-22-2009, 05:02 PM
 
Location: Earth
17,443 posts, read 26,148,849 times
Reputation: 7410
Quote:
Originally Posted by Quatermass View Post
More than two years, because the national recession/depression is likely going to last at least that long, and most economists I've read agree that California will be a lagging indicator for recovery.

Exactly what will prompt the recovery of this state is a mystery at this point. California's problems are structural and will take a long time to fix; for the last 15 years or so the state has lived and died on the bubble economies of tech and housing. CA's only chance for a sustained recovery is to build a stronger, more business-friendly economic foundation, and that doesn't seem to be anywhere on the horizon.
A Constitutional Convention which would get rid of said structural problems is not an unrealistic possibility at all. In fact I'd say it's quite likely. Even before it formally went into effect it would help perceptions which matter a lot when it comes to business investment.

And legalizing pot would definitely help, unfortunately the state legislature is too chicken **** to consider the possibility. However if the meltdown continues as is likely this could have a chance of going through (as would legalizing prostitution and gambling)
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Old 07-22-2009, 06:03 PM
 
25 posts, read 84,150 times
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Gambling is somewhat legalized. It's called Indian Casinos. I do not think you want to legalize casinos in metro areas in a recession. It is a recipe for increased crime.
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Old 07-22-2009, 06:08 PM
 
25 posts, read 84,150 times
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I started to watch my spending sometime last year. Have all of you cut back on your spending, or at least look long and hard before buying something? Have you refused to pay full retail for an item, waiting to buy on sale, coupons, or ask for a discount? Since the consumer is 66% of the US economy, it will be hard for us to pull out of the recession if everyone is cutting back.
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