1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Ailing state economy could prolong U.S. Recession

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Jun 30, 2009.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

    28,030
    13,840
    113
    Nov 22, 2007
    So. Cal
    http://www.dailynews.com/ci_12713897


    Virtually all states are suffering in the recession, some worse than California. But none has the economic horsepower of the world's eighth-largest economy, home to one in eight Americans.
    California accounts for 12 percent of the nation's gross domestic product and the largest share of retail sales of any state. It also sends far more in tax revenue to the federal government than it receives - giving a dollar for every 80 cents it gets back - which means Californians are keeping social programs afloat across the country.
    While the deficit only affects the state, California's deepening economic malaise could make it harder for the entire nation's economy to recover.
     
  2. azfinfanmang

    azfinfanmang Premium Member Luxury Box

    29,745
    11,512
    0
    Nov 23, 2007
    That's okay. There is a little known Grass-Roots effort forming and growing quickly in Arizona to help with this.

    The effort will have millions of recruits taking shovels and digging simultaniously along the length of the Colorado river.
    The hope is that the next Major earthquake will take California and its failing economy into the Ocean. This would also give thousands in Arizona besch-front property.










    :tongue2:
     
    Fin Fan In Cali and joeydolfan like this.
  3. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

    28,030
    13,840
    113
    Nov 22, 2007
    So. Cal
    :nutkick:
     
    joeydolfan likes this.

Share This Page