Posted on 08/10/2008 10:19:56 AM PDT by NormsRevenge
A new survey of corporate executives considering relocating their firms provides fresh reasons to worry about California's economy. The Development Counsellors International survey found CEOs ranked California dead-last in attractiveness among the 50 states because of its high taxes and business-hobbling regulations.
California's reputation is likely to grow even worse in the next few weeks when a 2008-09 state budget is finally adopted, given the probability it will raise taxes. But what is truly depressing to contemplate is what happens come January 2011, when Gov. Arnold Schwarzenegger departs and is likely to be replaced by a Democrat.
We have griped about Schwarzenegger on several fronts of late. Yet at least he understands that helping business is in everyone's interest, because a healthy economy doesn't just mean good jobs but plenty of revenue for the state government.
This basic truth doesn't register with Democratic lawmakers, who recently passed bills forcing employers to offer acupuncture coverage in their health plans, micromanaging meal times for private employees, increasing regulation of medical assistants and adding new costs to managed-care programs.
Schwarzenegger vetoed all these measures on Aug. 1. Someday soon, we may have a governor inclined to go along with these assaults on business.
So our dead-last ranking among CEOs looks secure. As for state revenue, what's now a persistent headache could soon become a migraine.
What you said. It's quite fabulous up here in the foothills of Placerville.
Oh he’s “helping business” all righty, his globalist friends to the exclusion of all else. They’ll do just fine picking the bones until they’re the last one’s left standing. Once that’s done, they’ll discover “deregulation” and cash in all over again.
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I take it you’ve seen this script before.
When a majority of folks are so disconnected from reality, it would be wise as well to remove them from the voter rolls as well and vote the scalawags and scoundrels out of power. (but when did making a wise decision get ya elected here) ;-)
Note how Soros crashed Argentina's currency and then bought the bulk of its arable land. The behavior of the Russian oligarchs was similar. It's happened after most every war and economic collapse in history. In fact, I would argue that the bulk of wars were precipitated to take advantage of the same mechanics.
Induce self-inflicted pain and buy a local monopoly cheap. Then cash in.
ElkGroveDan...
IS RIGHT!!!
They aren't that smart.
It's been stunning to watch the progress they have made just since 2003.
Stunning... and maddening.
In central California, the inland counties (Merced, Madera, Fresno, Kings, Tulare and Kern) have turned into third world barrios. The central coast counties (Monterey, San Luis Obispo and Santa Barbara have isolated pockets of the increasingly common Mexican ghetto near agriculture centers but, by and large, have been spared by gentrification.
The Santa Barbara/Goleta/Monticeto/Isla Vista urban area is an excellent example of the intervention of gentrification. The restaurants, hotels, gas stations and estates are all staffed by cheap, Mexican labor but most of the help can't afford to live in-town. The city of SB has two tiny barrios and there are some moderately priced apartments in Isal Vista but most of the foreign labor is forced to commute on US 101 each day, in their Honda Civics, from the barrios of rural Ventura County to the service jobs in SB.
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