Apr28
As California Collapses
on April 28, 2012 at 9:21 amObama follows its lead. If California is bailed out, it’s the end of federalism. Unfortunately, it already started, with the “stimulus.”
[Update a few minutes later]
“California can either have all the regulation, or all the business, but it can’t have both.”
Only the left could produce a situation where California loses population!!!
“If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand. ” — M. Friedman
It’s taken 30 years of rising regulation and taxes, but Sacramento has finally managed a long-term shortage of jobs in California.