"California Defies Doom With No. 1 U.S. Economy"

[archives]

"The Golden State has no peers among developed economies for expanding GDP, creating jobs, raising household income, manufacturing growth, investment in innovation, producing clean energy and unprecedented wealth through its stocks and bonds. All of which underlines Governor Gavin Newsom's announcement last month of the biggest state tax rebate in American history."

"By adding 1.3 million people to its non-farm payrolls since April last year -- equal to the entire workforce of Nevada -- California easily surpassed also-ran Texas. At the same time, California household income increased $164 billion, almost as much as Texas, Florida and Pennsylvania combined"

"While pundits have long insisted California policies are bad for business, reality belies them. In a sign of investor demand, the weight of California companies in the benchmark S&P 500 Index increased 3 percentage points since a year ago, the most among all states"

"For all its bluster as being “best for business,'' Texas can't match California's innovation."

https://www.bloomberg.com/opinion/ar...y?srnd=premium

And to think that it wasn't the long ago that the MAGA militia told us everyone was leaving California cause it was a Democrat run "shithole" with high taxes and restrictions killing business

[cawacko]

It's always interesting to read opinion pieces on California from people who don't live here. He claims Newsom is making investments in housing? We haven't even come close to delivering the number of new housing units he promised on the campaign trail. The author claims the state is good for small business? Barely a day goes by without the SF Chronicle writing an article about how difficult the City makes things for small businesses and mom and pops. And L.A. is not that different.

And there is a definite element of irony when people complain about millionaires and billionaires and income inequality then celebrate it as it continues to widen in California.

An yes Archives, people do leave because of the quality of life issues. It's not an exodus but it's a reality.

[archives]

It's always interesting to read opinion pieces on California from people who don't live here. He claims Newsom is making investments in housing? We haven't even come close to delivering the number of new housing units he promised on the campaign trail. The author claims the state is good for small business? Barely a day goes by without the SF Chronicle writing an article about how difficult the City makes things for small businesses and mom and pops. And L.A. is not that different.

And there is a definite element of irony when people complain about millionaires and billionaires and income inequality then celebrate it as it continues to widen in California.

An yes Archives, people do leave because of the quality of life issues. It's not an exodus but it's a reality.

But being honest, you can’t say it is a”shithole” as often portrayed by some on the right

[Minister of Truth]

But being honest, you can’t say it is a”shithole” as often portrayed by some on the right

SF is a literal shithole.

[cawacko]

But being honest, you can’t say it is a”shithole” as often portrayed by some on the right

It depends where you are. In some places you’ll see nothing more beautiful in the world. But there are places that look more like a third world country and “shithole” is an apt description.

[archives]

It depends where you are. In some places you’ll see nothing more beautiful in the world. But there are places that look more like a third world country and “shithole” is an apt description.

Which is the same description that can fit as an observation of the vast majority of the US, yet, seems some still can’t resist labeling California as a “shithole”

[cawacko]

Which is the same description that can fit as an observation of the vast majority of the US, yet, seems some still can’t resist labeling California as a “shithole”

I call New Jersey a sh*thole, because well it is. Others call other places in the country sh*tholes as well. Part of it may be for political reasons for others it just may be geographic preference or perceived quality of the people.

Do you think California is above criticism as a state?

[ThatOwlWoman]

It's always interesting to read opinion pieces on California from people who don't live here.

Yes, it is -- especially if they are RWers on message boards who hate everything that seems "liberal" so they hate California too, even though they've never set foot in the place.

[cawacko]

Yes, it is -- especially if they are RWers on message boards who hate everything that seems "liberal" so they hate California too, even though they've never set foot in the place.

It’s a two way street. Liberals try to hold it up as this shining example of all that is good about liberalism and people on the right try and paint it in the most negative light possible. Like most things the reality is there is nuance and a mix of both.

[ThatOwlWoman]

It’s a two way street. Liberals try to hold it up as this shining example of all that is good about liberalism and people on the right try and paint it in the most negative light possible. Like most things the reality is there is nuance and a mix of both.

Exactly. California is wonderful if you have money. If you don't, it's still better than just about any place in the South, but still not a "liberal paradise." Your homeless problem, for one thing, needs fixing big time.

[Micawber]

Exactly. California is wonderful if you have money. If you don't, it's still better than just about any place in the South, but still not a "liberal paradise." Your homeless problem, for one thing, needs fixing big time.

But...I fixed my homeless problem. I bought a big ass home!


OK that was tasteless.

[ExpressLane]

With 10 million more people than the next most populous state is there any surprise that California has the largest economy?

[archives]

With 10 million more people than the next most populous state is there any surprise that California has the largest economy?

Not about just the size of the economy;

“
"The Golden State has no peers among developed economies for expanding GDP, creating jobs, raising household income, manufacturing growth, investment in innovation, producing clean energy and unprecedented wealth through its stocks and bonds. All of which underlines Governor Gavin Newsom's announcement last month of the biggest state tax rebate in American history."

"By adding 1.3 million people to its non-farm payrolls since April last year -- equal to the entire workforce of Nevada -- California easily surpassed also-ran Texas. At the same time, California household income increased $164 billion, almost as much as Texas, Florida and Pennsylvania combined"

"While pundits have long insisted California policies are bad for business, reality belies them. In a sign of investor demand, the weight of California companies in the benchmark S&P 500 Index increased 3 percentage points since a year ago, the most among all states"

"For all its bluster as being “best for business,'' Texas can't match California's innovation."

https://www.bloomberg.com/opinion/ar...y?srnd=premium

[cawacko]

With 10 million more people than the next most populous state is there any surprise that California has the largest economy?

Size definitely matters but the state is the leader in the entertainment industry, venture capital, tech and possibly even biotech. There’s no denying the dominance we have in those areas which lead our economic excellence

[Hawkeye10]

Stealing trillions in generational warfare funds papers over a lot of other sins.

It does not however change that California is a deeply mismanaged state that is heading rapidly for a cliff.