OPINION: U.S. Economy Better Not Follow California's Latest Trend

By Heritage Foundation , Leadership for America - July 05, 2009

Comments(1) | (0)
Supposedly, trends start in California and then spread to the rest of the country, a notion that seems to be confirmed by the latest economic news. In May, California’s unemployment rate hit 11.5 percent —the highest it has been since 1941. This morning we learn that unemployment for the entire country hit 9.5 percent in June—the highest rate in 26 years. Will the country close the economic-death-spiral gap with California? Very possibly it will, if the federal government ... Read the Full Article
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  • shariyud
    Absurd

    1 Bail out nation is for the irresponsible
    friends of government . Corporate Welfare
    is even acknowledged by Wall Street . We
    had the Obama Ad. give a gift to Citi Bank .
    They were supposed to be creditors , and they
    gave this creditor right back as a gift to
    the Arabs who were the majority owners .
    2 . As to Calf., most of you do not remember
    the New York City Bankruptcy . There was
    no bail out . New York City just fired people
    left and right . This is the solution
    to Hollywood and the Kennedy family running
    Calf. You don't shut down essential services
    such as Water and Sewage . You get rid of
    the none essential service including school
    support and pork spending . With police
    you cut back on police giving speeding tickets
    or parking tickets , unless they make alot of
    money doing this to pay for the salaries and
    you solve major crimes and go out on calls,
    for accidents , but not say noise abatement
    calls etc. So certain police activity can
    be scaled back . To be frank , I think
    Obama will bail out Calf. as this is bail
    out nation for the rich and powerful .

    3.As to the Global warming being a tax bill
    to hit the poor and middle class in the throat , this is a given . The article is
    correct - it , the bill, or law , can not
    solve global warming . This is not it's real
    intent which is a hidden tax and Obama spin.

    - shariyudUS July 6, 2009 2:26AM

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