On Wednesday, July 9, 2008, this blog linked to a Sacramento Bee article about proposed tax increases in CA. You will remember we called it "foot-shooting time" as we thought that was exactly the wrong medicine for the ailing CA economy.
Now here is John Fund in The Wall Street Journal reporting on one more major CA employer, the iconic California State Auto Association, moving nearly 1000 call-center jobs out of state because, Fund quotes their spokeswoman, "It costs more to do business in California than other states." The jobs are moving to lower-cost Arizona and Oklahoma, not to India.
Denial isn't just a river in Egypt. The CA legislature needs to accept as facts the basics of economics.
