Shocker: Unemployment In America’s Most Liberal State Hits 10%
The economic downturn is hitting the whole country. But it seems to be hitting states with overbearing taxes and government - blue states, mostly - the hardest. Case in point, California:
Unemployment in California shot up to its highest level in nearly 26 years in January, leaving more than 1 in 10 workers without a job.
Figures released Friday show that 79,300 jobs were lost in the state last month, bringing the total number of unemployed to 1,863,000, or 10.1% of the workforce. That’s the highest since the rate touched 10.4% in 1983.
California could put itself on the road to recovery by cutting taxes for businesses, the people who actually create jobs, but all the political leadership in the state seem to want to do is jack up taxes to fuel more government spending. Sort of like Obama is doing on the national level.
But that won’t create jobs. More money tied up in government does not create jobs.
