Many believe that there can come a point where things are SO bad, democrats will finally come to their senses and stop their destructive behavior. They are wrong. Look at how deep the Detroit rathole is, and consider the fact that they are nowhere near the bottom of it.
California is Detroit with palm trees.
I have come to the conclusion that Dems do not grasp economic reality. Ed Lee of San Francisco is going to build two new hospitals because of all the "jobs that health care creates" Really?? Dems believe that health care is an investment like education, if one invests 20,000 in a degree in engineering, future earnings will be 100,000 dollars a year as oppose to a high school graduate. Health care on the other hand, how much investment earnings does a 80 year old retiree get when she "invests" 100 dollars a month for medications. I do not mean to sound cruel about this, but when Nancy Pelosi Obamacare will create jobs, she does not understand money from the productive end goes to non productive activities, and that is in and of itself a losing proposition.
The fun part is going to be watching the Dems in the state legislature explain how job creation is directly related to regulatory expansion and tax increases, because regardless of what they say, that's what they'll do. When the economy tanks further as a result, they'll try to find some way to pin that on the Republicans. The jury's still out on whether this will work, but I don't think it looks good...
It's possible (although he'll never admit it) the Governor is finally recognizing that draconian regulation is directly related to California's terrible job market and the fact that companies are fleeing the state.
About time. I understand the proposal is saimiliar to one put forth 6 months or so ago by former Governors Wilson and Davis. Do itr then follow it up with a tax overhall following the outline of Arnold's Commission on the 21st centurey.