CA: State lost 47,000 employers in 2008

OC Register ^ | 12/16/09 | Jan Norman

[NormsRevenge]

One of every six U.S. employers that closed permanently in 2008 was in California, according to the U.S. Small Business Administration using bankruptcy court data.

However, one in nine employers that opened in 2008 was in California. The net result was almost 47,000 fewer companies with employees in California by the end of 2008.

The data are part of the Census Bureau’s Statistical Abstract of the United States 2010.

The state had 45.1% more business “deaths” than “births,” one of the steepest changes. Note that many of the closures were started in other years. In California’s case many of those losses were in the real estate and financial services industries because of the subprime mortgage meltdown and crash of the housing market.

The United States as a whole had 10.5% more business deaths than births.

Other states with huge numbers of employer closures compared to startups in 2008 are:

* Michigan, 55.1% more * Missouri, 41.4% * West Virginia, 38.1% * Rhode Island, 34.7% * Arizona, 33.9%

[Windflier]

Yeah, I know, you certainly don’t have to talk me into it, I am ready, but as is the case with most of us, there are peripheral issues that slow things down.

Yep. I know all about peripheral issues. It took my wife and I about six months to settle up our affairs before we could move. There were also a few family members that needed handling, but that wasn't too difficult.

If you've never been here, I suggest you take a trip down to have a look around before committing. We did that, and were literally blown away by the cultural differences, the cleanliness of the place, and the obvious signs of a healthy economy.

[elpinta]

Have taken some business trips there, no question about the mind set, I am ready.

[Windflier]

Just hope Texans can stop/destroy the polluted minds that have invaded other states from doing the same to Texas.

Tell you what...I've never met so many conservative refugees, as I have here. They hail from every state in the union.

Conservatives are bailing from all over the nation, and coming here.

[elpinta]

My ‘moving’ account keeps on growing, very pleased with what I hear!

[MamaDearest]

"The gap between sensible analysis and outright nonsense is huge."

With this healthcare bill, cap and trade and amnesty as #1 priorities for Obama, Pelosi and Reed, the flashing red light of emergency for each is once again called upon to frighten us into submission. Squandering Stimulus and TARP funds (pork-pork-pork) has made us wary of anything and everything democrats assert to be pushing us over the edge.

In light of our nation's economic plight, millions of Americans jobless and companies (large and small) are more and more fearful each coming day of what this administration plans to inflict upon them.

There is a chasm miles deep between what this administration wants to shove down our throats and what Americans see as absolutely the wrong priorities and, at that, priorities that have no business being on the agenda whatsoever.

[hinckley buzzard]

(I need to live near salt water, its in my genes).

What are you, some kind of sea urchin? Kelp plant? Maybe the human world has something a little more meaningful to offer.

[Windflier]

There is a chasm miles deep between what this administration wants to shove down our throats and what Americans see as absolutely the wrong priorities and, at that, priorities that have no business being on the agenda whatsoever.

Your vision is crystal clear on this. That is a statement that sums up the current political climate in a nutshell.

People have been screaming that "Washington is tone-deaf", nearly since the inauguration, and polls have consistently shown that Congress and the Precedent are totally out of step with what we really need and want from them.

Worse still, is that they are pursuing a broad and radical agenda that bears little resemblance to anything that mainstream America agrees with, or that is in alignment with our traditions, our Constitution, our economic best interests, foreign policy norms, or even common horse sense.

Readers of FR, and others who are well-informed, have had their senses nearly destroyed by the constant barrage of outrages coming out of Washington for the last ten months. It's almost more than any reasonably well-balanced person can handle. Is it any wonder that the tea parties erupted, and that they've resulted in a patriotic movement the like of which hasn't been seen since revolutionary times?

Just today, we read that the "Tea Party" now polls more favorably than either the Democrat or the Republican parties.

This is astonishing, and shows just how far the current administration and congress have pushed us to the brink.

Something has to give, and I hope like hell that our reps in Washington realize this before it's too late. They will stop this onslaught against the clear will of The People, or there will be revolution. There's no way to sugar coat the reality of that.

[Steven Tyler]

Yup, a strong A-

[listenhillary]

Missouri, 41.4%

Surprised to see this as Missouri ranked well on the economic freedom index. Or so I thought.

[MamaDearest]

This is astonishing, and shows just how far the current administration and congress have pushed us to the brink.

Something has to give, and I hope like hell that our reps in Washington realize this before it's too late. They will stop this onslaught against the clear will of The People, or there will be revolution. There's no way to sugar coat the reality of that.

The brink you mentioned has just about been reached. What our representativs have done to us in the past year is the talk of Christmas parties and neighborhood get-togethers. There is a unification of people unlike anything I've ever seen before in all my years of life.

The grumbling, anger and frustration submitted to our elected reps in hopes our messages would be heeded appear to be of "ignore it and it will go away" importance. NEVER have such a large number of politicians in this nation (both parties) been so corrupt, so unscrupulous and so defiantly intent upon wielding brute power upon their constituents and thinking we'll adjust to it. They are VERY mistaken.

[goat granny]

Not just employers, but taxes the employee’s would have been paying....Governments are stupid.... Instead the X exployee’s now collect money from the state instead of the employer.......So lets raise taxes on employers some more to make up for the loss of taxes from the unemployed...and let more business’s go under because of high taxes....those people are insane........

[Windflier]

NEVER have such a large number of politicians in this nation (both parties) been so corrupt, so unscrupulous and so defiantly intent upon wielding brute power upon their constituents and thinking we'll adjust to it. They are VERY mistaken.

I would be willing to bet that no more than 20% of the people in our federal government apparatus are truly wicked or corrupt. But, that minority has created such a suppressive environment for the majority, that the majority are little more than slaves, who do the bidding of their masters.

In short, I feel that there is a tyranny already established within the culture of the fed gov't apparatus which uses its undue influence and power over the majority of federal workers (at every level) to force them to violate the trust and best interests of the people.

This majority fears the tyrants within the apparatus more than they fear the people. When we can change this dynamic so that they fear the people more, then we will break the hold of the corrupt and evil minority in government.

I can literally visualize the breakup of this corporate tyranny. It simply takes a lot of loud voices, and many, many thousand candle-watt lights of truth bearing down on it, and it will break.

That's happening now, but it needs to increase until it becomes too unbearable for the cockroaches who operate in the shadows.