California, I'm Leaving! The Facts on California's Imminent Bankruptcy
Original post made by Kevin Rutherford on Jan 31, 2013
California contributed more than 15 percent of the nation's new jobs between October 2011 and October 2012 - adding more jobs in 12 months than Texas and the rest of the other top-10 fastest-growing states combined - while home building is bouncing back and demand for houses is increasing.
The end-of-2012 results were even more impressive.
Of the 171,000 new jobs the entire U.S. added in October, 27 percent were in California. And since the beginning of the year, California has added nearly 300,000 jobs, outperforming Texas by a decent margin and outpacing New York by more than 2 to 1.
San Francisco is overrun with cranes, as the new digital economy (Google, Apple, Facebook, Twitter) continue to be HQ'd in the Bay Area. Heck, add Samsung to the pile.
Conservatives have made hay of reports of California companies leaving the state. And it's true! Some have254 in 2011, to be exact. Conservative media had a field day with that little stat. On the other hand, 132,000 new businesses were created that same yearsecond highest per capita in the nation, tied with Texas, and behind only Arizona. And that was California's down year.
And California's Democratic takeover has now given us a healthy budget surplus this year, something Ahnold couldn't manage without gimmickry.
I'm not sure why conservatives are so obsessed with California's failure. I don't root for Alabama or Oklahoma or Utah to suck. But if your entire worldview is predicated on the fiction that gay people, Hollywood, Latinos, Nancy Pelosi, and taxes kill society, then I guess California's fate is critical for validating that nonsense.
Too bad it ain't California going down. In fact, all those things they hate about California is what makes it so fabulous. Phil Mikkelson? You can go away any time now. We don't need you.
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