The firm I am associated with just shut down our manufacturing operation in the LA area. Even though the labor cost was really high, it was the regulatory burdens by the state and local govt. that shut the doors at that plant as opposed to our other facilities located in other states. California is a difficult state to do business in,and, they are competing with states that have lower costs on nearly every front.
Between the state restrictions, health care costs, the very costly worker’s Comp program, and increased demands from unions for wage and benefit increases, business have been driven out of CA to either other states or to overseas locations. All I see so far from the Obamasiah Adminstration is more of the same - redistribution of wealth from those who make it to those who don’t - 1.5 trillion dollars of tax payer money is being requested in order to fund government programs, which will only serve to further weaken the economy. I don’t understand why it is so hard to understand that to improve the economy you need to increase the number of jobs through private industry, not government programs.