Fujitsu Frontech, a major high-tech company, will move its manufacturing facilities from Foothill Ranch, California to New York. can somebody please explain that one to me???
Posted on 04/22/2011 12:52:38 PM PDT by Nachum
When California politicians want to visit California jobs, they increasingly have to leave California to do so. That’s why Lt. Governor Gavin Newsom traveled with a small entourage of other Golden State politicians to Texas, the biggest beneficiary of California’s economic policies. So many jobs have fled California to Texas, John Fund writes for the Wall Street Journal, that the governing class needed lessons from Texas Governor Rick Perry on how not to repel business:
“We came to learn why they would pick up their roots and move in order to grow their businesses,” says GOP Assemblyman Dan Logue, who organized the trip. “Why does Chief Executive magazine rate California the worst state for job and business growth and Texas the best state?”
The contrast is undeniable. Texas has added 165,000 jobs during the last three years while California has lost 1.2 million. California’s jobless rate is 12% compared to 8% in Texas.
“I don’t see this as a partisan issue,” Mr. Newsom told reporters before the group met with Texas Republican Gov. Rick Perry. The former San Francisco mayor has many philosophical disagreements with Mr. Perry, but he admitted he was “sick and tired” of hearing about the governor’s success luring businesses to Texas.
In fact, those jobs are moving so quickly that the politicians can’t keep up with them. While California’s delegation visited Texas, another major business announced its intention to move. Fujitsu Frontech, a major high-tech company, will move its manufacturing facilities from Foothill Ranch, California to New York. The announcements of the move didn’t indicate how many jobs this entails, but it’s probably not minimal, and California can hardly stand to lose any at the moment.
(Excerpt) Read more at hotair.com ...
Fujitsu Frontech, a major high-tech company, will move its manufacturing facilities from Foothill Ranch, California to New York. can somebody please explain that one to me???
They really don’t have a clue. It is exactly because of the philosophical differences. They think that all the little things they do - tax this, regulate that, license the other, etc etc - don’t have a magnitude effect to cause any one person/entity to suffer to the point of breaking. They are wrong. The frogs in the pot are boiling and the smarter ones jumped out long ago. There are just far too many nit-picky little things that end up costing a fortune and driving people crazy. And there is nothing left to do because the system is now dependent on all the little things such that no new industry will start here; retirees will leave and certainly not shop here; large businesses will move. The state is stuck on stupid. The best thing that can happen is that the people will vote down the tax extension and force the state to make the hard decisions. Then maybe they will find a little libertarianism and decide to back off the over taxing over regulating over licensing method of governance.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.