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New ?Distress Index? shows San Francisco?s economic pain is getting worse

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  • New ?Distress Index? shows San Francisco?s economic pain is getting worse

    How do you know if the policies of a government have failed?

    "The number of bankruptcy filings this past June, for example, was 76 percent higher than in June 2008. In the same period, foreclosures jumped 51 percent and requests for homeless assistance rose 32 percent.

    This past June, more than 100,000 households in San Francisco visited one of the city’s food banks, up 52 percent from two years before."

    Could it be the high taxes, the anti-job climate, regulations that kill jobs and keep companies out of San Fran. Or just the craziness of a place that wants to spend tens of millions on a sailboat race for old rich white guys while cutting cops because of a $400million deficit.

    San Fran is what happens when radicals run a town for three generations--it fails and collapses. California is in a Depression for the same reason San Fran is collapsing.


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