Posted on 07/11/2012 5:17:00 AM PDT by Cincinatus' Wife
THE LATEST UNEMPLOYMENT NUMBERS show the economic recovery stalling. But as weak as the national economy is, its nothing compared to the condition of some states whose policies are guaranteed to scare away jobs and investment.
Call it the European Disease: Run up spending and debt, raise taxes in the name of balancing the budget, and then watch as jobs flee, deficits rise, and credit ratings fall.
Chief Executive magazine has just come out with a survey of 650 corporate CEOs on the business climate in their states.....
...California was dead last in attractiveness to business for the eighth year in a row, while Texas came in first for the eighth consecutive time.
[SNIP of GOOO-OO-OOD reading]
.....If theres a line out the door at a Carls Jr. while employees are seen resting, its because they arent allowed to help: Break time is mandatory.
You cant build in California, you cant manage in California, and you are taxed to death, says Puzder. In Texas, its night versus daywhich is why we built 300 new stores there last year.
.....good news for states that have the courage to implement real reform. For years, Louisianas policies were hostile to business and caused the state to lose population every year. But...Bobby Jindal has aggressively moved to change that. In 2006, in the wake of Hurricane Katrina, the Chief Executive survey ranked Louisiana 47th in business climateon the same level as Massachusetts. Now the state has moved up to 13th place, rising from last years 27th placean astonishing turnaround.
.....Asked by Chief Executive exactly why he thinks it so important to reduce business costs in his state, Governor Walker replied: Ive never seen a store get more customers by raising its prices, but Ive seen customers knock down the doors when they cut prices....
(Excerpt) Read more at spectator.org ...
JMHO and sorry about that but there is not much help left
“I feel so sorry for California, it is one of the most beautiful states in the country and it’s dying a slow and agonizing death. The problem is the parasites are fleeing to other states and ruining the very politics that allowed their new hosts to thrive.”
So true, but I strongly believe TX will resist the temptation to Californicate itself.
The GOOD news about CA is that if we get a few more of these muni BKs, the trend will accelerate with a violence that will be jaw dropping. If you asked me a year ago when CA will hit rock bottom, I would have said (and did say) ten-plus years. As things are, I think it could happen in 1-2 years. And that’s a plus. Too late for the next election to shift how CA immutably throws its electoral votes, of course, but this lesson will be learned, that’s a guarantee.
Wait; I’ll rephrase that. The pain will be experienced, it will occur. That much I can guarantee. But I can’t guarantee any lesson will be learned.
Well yes, and no.
You (completely) disregard the growing problem:
Americans no longer make things. We have exported our production.
That has masses of problems, and they are growing rapidly.
We need to re-address manufacturing to America. Now.
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