Wednesday, May 19, 2010

CEOs Give the Unionacracy of California an F

In the latest issue of “Chief Executive” magazine, results were published for the “Best and Worst States for Business 2010,” based on a January survey of 651 CEOs from around the country. The business leaders rated the business climates of all 50 states and the District of Columbia on: a) taxation and regulation, b) quality of workforce, and c) living environment. For the second year in a row, Texas ranked #1 in the country while California ranked dead last at #51 for the second straight year. California was the only state in the nation to get a letter grade of “F” from the CEOs for the category “Taxation and Regulation.”

The trends in employment levels in California and Texas support the stark differences in the CEOs’ rankings of the two states. California lost more than a million jobs during the recent 2008-2009 recession, and there are actually fewer jobs in the Golden State today than there were ten years ago (see chart above). In contrast, job creation in Texas barely even slowed during the worst recession in a generation, and Texas has 151,000 more jobs today than when the recession started in December 2007, and 1.11 million more jobs than a decade ago.


Bottom Line: The new CEO survey provides insights into the dramatic differences between the economies of our two largest states. The low-tax, business-friendly, right-to-work state of Texas gets high marks from CEOs and provides a model for how a state can attract jobs, businesses and economic development. On the other hand, the high-tax, big-government, forced unionism approach of California has been a prescription for high unemployment and a net outflow of jobs, people and businesses. If the unionacracy of California wants to rescue its economy from being the “Venezuela of North America,” it should look to Texas for lessons on how to do it.

See longer post at the Enterprise Blog.

14 Comments:

At 5/19/2010 4:40 PM, Blogger brodero said...

Minorities made up 35% of the voting populace in Texas...2016 they will be
42%...2020...45%...

 
At 5/19/2010 4:47 PM, Blogger bob wright said...

This comment has been removed by the author.

 
At 5/19/2010 7:08 PM, Blogger Craig said...

"Minorities made up 35% of the voting populace in Texas...2016 they will be
42%...2020...45%..."


Yes, and with Texas's strong economy, they'll likely be the most prosperous "minorities" in the U.S..

Your point was?

 
At 5/19/2010 7:39 PM, Anonymous Benny The Man said...

That's Tejas, not Texas.

 
At 5/19/2010 7:47 PM, Blogger Ron H. said...

>"Minorities made up 35% of the voting populace in Texas...2016 they will be
42%...2020...45%..."


Apparently those minorities have been voting for whats best for everyone in Texas.

 
At 5/19/2010 7:57 PM, Anonymous Anonymous said...

I assume a majority of the minorities in Texas as of Hispanic roots. I just hope racist organizations like La Raza doesn't infiltrate the Hispanic voter blocks in Texas like they have in CA. If they do, TX might turn as blue as the the water.

 
At 5/19/2010 9:51 PM, Blogger bob wright said...

California ... hmmmm.... it's "all Greece" to me.

 
At 5/20/2010 2:19 AM, Anonymous Anonymous said...

t

 
At 5/20/2010 6:14 AM, Blogger bob wright said...

Is there an over-under in Vegas on when California municipal unions will strike and march in the streets?

 
At 5/20/2010 11:13 AM, Blogger Richard Rider, Chair, San Diego Tax Fighters said...

We CA taxpayer advocates PRAY for public employee strikes. It would be a TREMENDOUS negative with the voters.

Sadly, the union bosses know this, and won't do it.

A two tier pension/compensation system for new public employees is taking place in many cities and counties, but that's locking the barn door after the horse has already escaped. It will have no meaningful effect for 15 years or more.

This state is indeed doomed. Texas beckons us.

 
At 5/20/2010 4:47 PM, Blogger Lyric said...

Looks like the rise in jobless claims is more related to the housing bust; FL and NV both mirrored CA's rise:
http://www.google.com/publicdata?ds=usunemployment&met=unemployment_rate&idim=state:ST480000&dl=en&hl=en&q=texas+unemployment+graph#met=unemployment_rate&idim=state:ST480000:ST060000:ST120000:ST320000

 
At 5/21/2010 1:25 PM, Anonymous Michele Nash-Hoff said...

I've been writing about California's unfavorable business climate for seven years in my San Diego Manufacturing Industry Reports. No wonder that California has lost over 500,000 manufacturing jobs since 2000. California's budget woes are tied directly to the loss of manufacturing jobs because each manufacturing job creates three to four other jobs. California ranks 49th in the Small Business Survival Index. But the U. S. as a whole isn't any better off compared to other countries, which is why we've lost 5.5 million manufacturing jobs since 2000.

 
At 5/21/2010 3:30 PM, Blogger Lucas said...

They don't strike in California because their unions OWN the legislature. They're still getting what they want; that's why the disabled peoples program is getting scrapped as opposed to touching the union jobs.

 
At 5/21/2010 3:59 PM, Blogger bix1951 said...

too many people in california
i hope the big bad government scares them away in droves

 

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