Posted on 07/25/2008 8:45:13 AM PDT by NormsRevenge
Record number of Californians report being financially worse off. Most do not expect improvement next year.
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A record number of Californians (63%) report being financially worse off than they were a year ago. In no previous Field Poll survey in nearly fifty years of polling – covering several previous economic recession periods – has more than 50% described their financial condition so negatively. In addition, most voters foresee no improvement in their personal finances next year.
There has also been a deterioration in Californians' appraisal of the state's economy. At present 86% of voters feel California is in bad economic times, while just 8% say the state is in good times.
This represents a 34 percentage-point increase in the proportion of voters describing the state’s economy negatively from December, and is their gloomiest assessment in fifteen years.
Place your bets.
.. but don’t bet the homestead on it.. there is also this..
California voters view Democratic party more favorably than the GOP. Democrats also hold big lead in generic congressional vote test.
http://field.com/fieldpollonline/subscribers/Rls2282.pdf
I’ll believe that when I see it. Voters here will continue to vote themselves into financial ruin.
In my judgment, the Field Poll is beyond bias, and is in the left wing "activist" category.
Comment:
I'm betting the farm that California voters are on par with the IQ of a desert cactus or liberal mind numbed robot.
I see no hope for my fellow California voters, other than a major catastrophe to shake their faith in Democrat Party socialism.
Still looking for signs of recession...
California is $30 Billion in debt. The Governator wants to BORROW anouther $15 billion rather than cut spending.
http://www.bloomberg.com/apps/news?pid=20601103&sid=a3lR30ToJgrg
California is to begin paying all government employees minimum wage.
http://conservativepulse.com/home/2008/07/arnold-to-cut-ca-state-employees-pay-to-minimum-wage/
Unemployment is at 6.8% and RISING - up 1.5% from a year ago. June unemployment had the largest one month jump since 1976.
California consumer buying has plunged.
http://www.iht.com/articles/2008/05/15/business/rtrcol16.php
Prices for food and fuel are higher in California than any other state in the nation (other than maybe Hawaii?)
Nope, no sign of recession here. Everything is just fine. Shop! Spend. Get a house. Get two. Best time to buy, EVER.
Yea and I bet drug addicts have a more favorable view of their
dealer than law enforcement
Most do not expect improvement next year.
++++++++++++++++++++
When Californians vote over and over again for the same crooks and misfits what in the world would they expect?
The other 37% work in the state house.
They are convinced Bush is the cause of it and nothing will change their minds.
It is real estate AND the budget crisis AND food and fuel inflation. It is 401k’s going down to 201k’s. And more Californians have lost their jobs. Unemployment has gone from 4.9% in 2006 to 6.8% today. To me, that’s just a number. To a guy without a job, that has real meaning.
My mother feels worse off and she’s retired. She doesn’t care what her long paid-for house is worth, or that the government is $30 billion in debt. But she is flipping mad over the cost of food and gas.
There is plenty to make Californians feel financially worse off. Generally, they are. Will wages soar to accommodate the latest inflation? I don’t see it. I see wages stagnant or falling.
Whether the question was posed only in English would further skew the result.
I understand why Californians feel worse off, because most of us are.
I’m one of the few that is actually better off than a year ago, and that is by sheer luck.
My husband had a ton of stock options, and when it hit $60 per share, we decided we should take the money and run. Literally, 1 month later it was down to $23/share. At 60, we made a lot of money. At 23, they were worth zero. In other words, we got lucky.
If it weren’t for us selling the stock options, we would be way worse off.
Our gas, grocery, insurance, clothing bills have all gone up drastically. Because of the bad public schools in California, we have put our kids in private school and tuition has gone up a ton.
During the same time, our home value has dropped, and it is much harder to sell a home.
My friends are struggling this year. I have friends at my church that are really feeling the pinch. The real estate impact is huge because it impacts realtors, people doing loans, etc. It’s not just about house values dropping.
It’s scary right now.
At least you understand.
Better to be lucky than good! I’m glad you lucked out selling when you did. I always like to see people do well. Kudos.
Yeah, my wife & I hit the jackpot last year, too, but the FTB & IRS fixed that on 4/15.
Better find a way to shelter those gains or you too will be contributing to that great big bureaucratic slush fund in the sky.
I have wanted to move for years. Now, I think we are stuck for the next 7 years. My son is starting high school, and by the time he finishes it will be time for my daughters to start.
I don’t want to uproot them while they are teens.
I wanted to move before my son started high school, but husband likes his job.
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