Posted on 06/13/2023 5:05:01 AM PDT by ChicagoConservative27
During a portion of an interview with the Fox News Channel aired on Monday’s broadcast of “Hannity,” California Gov. Gavin Newsom (D) responded to California’s net population loss by stating that it was an anomaly, other states lost population, California is doing just fine, and that there was greater per capita migration from Florida to California than vice versa.
Newsom said, “18 states had declines in population. California’s was 0.3%. You didn’t bring up any of the red states that had [declines in population]. It’s an interesting fact…an interesting omitted fact, per capita, more Floridians moved to California than Californians moving to Florida. … In 2021, California had 7.8% of GDP growth in this country, one of the fastest-growing economies anywhere on planet Earth. This state continues to be the tentpole of the American economy. 25.6% of all American jobs came from this state in April. In the last two fiscal years, we enjoyed $177.7 billion in operating surpluses. We’re on our way to be the fourth-largest economy — eat your heart out, Germany — in the world. Number 1 in R&D, venture capital, more scientists, researchers, more Nobel laureates, more patents emanating out of this state than any other state in America. With all due respect, Florida doesn’t even come close. Eat your heart out, Texas. California continues to be the dominant economic engine for the American economy
(Excerpt) Read more at breitbart.com ...
“California continues to be the dominant economic engine for the American economy”
Duh, it is the biggest state by population and has been for about 50 years, SF is full of zombies
3% of over 31 million is alot different than states with 4 million losing population.
He had ‘a large surplus’ & now they are in the red-——
Newsom depends on 1% of the population to pay 50% of the state taxes - and that 1% is moving out. What are you going to do then, Newsom? What is moving in has 1/2 of the salary of those moving out. How is that sustainable?
"The state’s increasingly bifurcated economy involves higher welfare expenditures—California spends a larger share of its budget on welfare than virtually any state, Governor Gavin Newsom’s go-to solution to the state’s embarrassing poverty rate—and growing dependence on the rich for tax revenues."
Explain this, Newsom, from the Heritage Foundation?
Why Company Headquarters Are Leaving California in Unprecedented Numbers "We document that these headquarter exits have more than doubled in 2021. We discuss several economic factors that have led to these departures by raising business costs, reducing productivity, and reducing profitability, including tax policies, regulatory policies, labor costs, litigation costs, energy and utility costs, and concerns about a declining quality of life within the state.
https://www.hoover.org/research/why-company-headquarters-are-leaving-california-unprecedented-numbers
https://www.city-journal.org/article/can-california-be-saved
It either is a bad quote, or he meant otherwise - CA GDP grew by 7.8%:
https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
Translation: California has enough illegals to cover the loss
of the thousands that moved out.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.