California is facing nearly The Toughest of Times. We face historically high unemployment, perennial budget crises and more. Don’t think it could get any worse? Think again. If Jerry Brown is elected, in one short stroke, he could deal a potentially crippling blow to the California economy before it gets a chance to get back on its feet.

Even for a committed political observer, volunteer and commentator such as myself, it seems implausible – but true – that the stakes for elections grow with each successive election. For California, the 2010 gubernatorial election unquestionably could be the most important election ever – and not necessarily for a good reason. If Jerry Brown is elected, he and his fellow Democrats could deliver a devastating blow to California.
We well know that California’s unemployment rate is above 12%. We also know that well over 100,000 people are leaving California on a yearly basis. Beyond that, California faces an exodus of businesses – large and small alike. So it can be no surprise that state revenues have declined nearly $40 billion over the last three years as a result of the declining taxpayer base.
We also well know why California is having a tougher time than many other states. In recent years, California is consistently ranked near the bottom of states in which to do business. According to Joseph Vranich, president of JV Executive Consulting Inc. in Irvine: “It’s no mystery what causes companies to leave California: High taxes, undue regulation, workers’ comp costs, a legal environment stacked against businesses and lengthy and costly construction permitting requirements.” Indeed, California finished tied for last in the Country in Forbes’ Overall Tax Burden survey measuring tax burdens and structure.
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