The Vaunted “California Miracle” Economy Is a Fantasy
Democrats and their MSM allies have been touting California’s “miracle comeback” from the recession. They love to reference 2015 statistics – the SINGLE year when CA did quite well compared to the other states. But as we’ll see below, three things are apparent:
1. 2015 was an aberration.
2. Since 2105, CA has slipped back into its moribund economic performance that has become the norm in the Golden State.
3. By just about any metric, CA is doing less well than the majority of the other states. Too often a LOT less well.
California’s unemployment rate(September, 2018) has improved significantly this year. Yet we are now tied for 32nd – with a 4.1% unemployment rate. The national… Read More