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Where were the "economic experts" when California was gearing up for its current massive deficits, 12.4% unemployment (real unemployment is close to 25%)?
Now they are saying we are on the road to recovery.
"Personal income has increased and California consumers continue to gain steam with nearly one and one-half years of consistent growth, it says.
The state's housing market remains depressed as the mortgage industry continues to work through its monumental problems. However, Beacon Economics does see growth on California's real estate horizon once jobs and households begin to grow again. Only this time, the growth will be slower and more sustainable, the report says."
What world are they in--certainly not California. Maybe Kobe and Sean Penn got raises, not the real people. Home prices are declining, unemployment is going up. Wait till this Spring when local government and school district fire thousands of employees they can no longer pay. The state needs to get rid of a minimum of 40,000 employees--Brown will only touch non union workers--remember, his election was paid for, almost exclusively by the unions.
Who cares what the experts say, most of us live in the real world.
More...
Now they are saying we are on the road to recovery.
"Personal income has increased and California consumers continue to gain steam with nearly one and one-half years of consistent growth, it says.
The state's housing market remains depressed as the mortgage industry continues to work through its monumental problems. However, Beacon Economics does see growth on California's real estate horizon once jobs and households begin to grow again. Only this time, the growth will be slower and more sustainable, the report says."
What world are they in--certainly not California. Maybe Kobe and Sean Penn got raises, not the real people. Home prices are declining, unemployment is going up. Wait till this Spring when local government and school district fire thousands of employees they can no longer pay. The state needs to get rid of a minimum of 40,000 employees--Brown will only touch non union workers--remember, his election was paid for, almost exclusively by the unions.
Who cares what the experts say, most of us live in the real world.
More...