Companies are "disinvesting" in California at a rate five times greater than just two years ago, said Joseph Vranich, a business relocation expert based in Irvine. This includes leaving altogether, establishing divisions elsewhere or opting not to set up shop in California.Meanwhile, the shutdown in Minnesota continues, and Obama threatens that he may not send out Social Security Checks (August 3). Military pension checks should go out at the end of the month (July 31), but those, too, are threatened.
In Florida, [one CEO] found a better work pool, lower operating costs and no personal income taxes.
Do you really think Social Security checks won't go out as scheduled? The media will blame the GOP, but history books will say it was "under the Obama presidency" that for the first time ever the US defaulted.
Something tells me one of two things will happen: a) a deal will be made, even if it's a short-term, small deal; or, b) the Treasury Department will find ways to move money around. Or maybe China will float us a loan.
From the story link:
ReplyDelete"Later this year, California will set up a new agency that will serve as a focal point for economic development and job creation, he said. Among its goals will be to reverse the perception that California is business-unfriendly."
What a waste of money. Send a survey with one question to the businesses that left. "Why did you leave? Answer: Taxes, regulations, and being blamed for any and everything that is wrong in California.
Good luck getting a body of incompetent legislators, who get their marching orders from public employee unions, to make the changes necessary to retain and attract business.
Unbelievable isn't it, establishing a new agency when the state is broke.
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