The first step to any recovery is admitting you have a problem. Some Democrats are starting to do that, but they still won’t admit that their policies are the cause.
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A state Legislative Analyst Office report last week painted a picture of two Californias: one prospering because of booming stock prices, and the other languishing from inflation and sluggish private job growth.“California’s economy has been in an extended slowdown for the better part of two years, characterized by a soft labor market and weak consumer spending,” the report noted. “Outside of government and health care, the state has added no jobs in a year and a half.” Blame high taxes, an increased minimum wage and climate regulation, among other progressive policies.
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