Posted by Tina
IBD posted an excellent article yesterday about the financial state of our beautiful state of California. Yep…we’ve come a long way from those California Dreamin days in the Golden State:
A Milken Institute study recently estimated that, from 2003 to 2007, California lost 79,000 manufacturing jobs due to regulations and high taxes. If manufacturing’s share of the work force stayed where it was in 2000, the state would today have 1.6 million more jobs, $101 billion more output and $5 billion more in tax revenues.
Instead we taxed, regulated and spent our way into oblivion. Now we’re just…