I just want to take a moment to poke my head up from the law books to make a prediction of sorts: if Jerry Brown beats Meg Whitman for governor of California, what’s left of California’s economy is toast. Jerry Brown represents everything that’s wrong with California’s economy: massive debt, overspending, crushing tax burden and anti-business climate. If he wins, the entrepreneurs and money are going to leave faster than they already are.
Where will they go? How about low tax, business friendly Texas which, by no coincidence, created half of all new jobs in the U.S. last year.
The lyrics of California Dreaming will need some updating.