Even Gold Tarnishes

We post these excerpts more in sorrow than in anger.

Jan Norman, business columnist, Orange County Register, “CEOs rank Calif. worst for business“:

California ranks last among the states and Washington D.C. as a place to do business, according to Chief Executive magazine. It is the second year in a row that the state was given that dubious distinction.

Such assessments are important in the interstate wrestling match for economic growth, Chief Executive notes. “High-stakes competitions for business expansion are nothing new. But with the current unemployment rate, the stakes have gotten much higher. As a result, negotiations for business expansion in 2010 will be more complex and financially significant.”

The publication is so harsh about the California that it calls the state “the Venezuela of North America.”

Investor’s Business Daily, “A Not-So-Golden State“:

For those who live in California, reading the remarks of the CEOs is as eye-opening as it is depressing. For example:

• “Texas is pro-business with reasonable regulations while California is anti-business with anti-business regulations.”

• “California is terrible. Even when we’ve paid their high taxes in full, they still treat every conversation as adversarial. It’s the most difficult state in the nation. We have actually walked away from business rather than deal with the government in Sacramento.”

• “The leadership of California has done everything in its power to kill manufacturing jobs in this state. If we could grow our crops in Reno, we’d move our plants tomorrow.”

Los Angeles Times PolitiCal blog, “California counties top economic stress list

More than half of the top 20 economically stressed counties in the country — including four of the top five — are in California. That’s according to a new list posted by the Associated Press.

The list ranks “the 20 most economically stressed counties with populations of at least 25,000.” Topping the list was Imperial County, followed by Merced County. San Benito and Sutter counties are fourth and fifth on the list, respectively.

Yuba and Stanislaus and San Joaquin counties also made the top 10

To be explicit, the federal government is emulating the regulatory, tax and fiscal policies and disregard for employers that have brought California to this sad state.

Leave a Reply