California: Is the Perception Worse Than the Reality?

According to one local economist, it is. "A lot of what we have been hearing is over-the-top rhetoric," said Jack Kyser, chief economist for the Los Angeles Economic Development Corp. "It's not the end of days that some politicians are making it out to be."

Here is another take California's situation. "What we are going through is part of a national problem, but a few politicians are taking the opportunity to blame the governor and Legislature for everything," said Stephen Levy, director of the Center for Continuing Study of the California Economy.

For the people who live, work and pay taxes in California, I hope the state solves its political problems. This will do a world of good for the California economy.

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