Commentary: California is so not 'over'
by Jonathan Taplin, Los Angeles Times
Dec 03, 2019
4 minutes
Maybe it's the fires, but the news seems filled with California apocalypse stories. One San Francisco based columnist recently wrote, "I'm starting to suspect we're over."
I beg to differ. Since 2000, California has consistently grown at a rate almost twice that of the U.S. GDP. Yes, we have had bad years, particularly in 2008, when the U.S. economy experienced the Great Recession, but we rebounded much faster than the rest of the country.
Last month the U.S. reported GDP growth of 2%, while California is growing at 4%. Is this a state that is over?
The problems that seem
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