California’s problems are being compounded as businesses leave the state. Last month’s announcement that Northrup-Grumman was shifting its headquarters to Virginia followed HP’s announcement that it was also moving out. Maybe these departures have something to do with Chief Executive naming California as the worst state in which to do business, and with the Tax Foundation ranking California as the 48th worst business tax climate in the nation. California also insists on its own rules for gas mileage, silly ubiquitous pregnancy warnings and even its own TV energy usage standards. The message California sends to businesses is clear: Stay away.
Wednesday, May 26, 2010
Will California be our Greece?
The Daily Caller reports: