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Is California's financial mess a indicator of what's happening,and going to happen,to the, rest of the country?

10 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    Yes, that is why we must learn from their mistakes and do something now to prevent it from happening. We need tougher illegal immigrant laws, or rather we should just enforce the laws we have now. Stop spending money we don't have, and remove most of all government regulations to industry so that they can grow and start hiring.

  • ?
    Lv 5
    1 decade ago

    Of course. Nations are built up by industry. They stripped almost all of the industry out of the USA. It was only a matter of time. That is what thirty year massive trade imbalance will do. We could have taken the loss of a major city to a nuclear blast better than this.

  • 1 decade ago

    The current Administration appears to be using California as their model for policy and governing.

  • 1 decade ago

    We have all as Americans been spending more money than we are producing, for at least 60 years. It's coming time to pay the piper.

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  • Anonymous
    1 decade ago

    nope,

    President Obama has prevented the 2nd Great Depression.

    This is the single greatest economic miracle of all time & that is no exaggeration!

    [Leading economic indicators like new housing starts, factory orders and new mortgage activity prove it.]

    And now, consumer spending [70% of the economy] is also up.

    Oh, and those banks paid back the TARP money early WITH INTEREST!

    [I know, employment, right? That is the LAST thing to recover, ask any economist. Be patient]

    He is winning back America's foreign friends that Bush alienated

    He is getting us out of Iraq, the wrong war

    He is putting assets back into Afghanistan, the RIGHT war.

    He is shutting down Guantanamo.

    He is ending torture, making sure the world knows it,

    and letting the Attorney General follow where it leads,

    and prosecute it when indicated.

    He is DOING HIS JOB

    He even told GM & Chrysler to shape up or ship out

    all this in less than his first 6 months!

    Soon, we will all have health care too!

    ALL of our presidents should be so awful.

  • 1 decade ago

    It's already started. Many states have squandered away their citizens' money.

  • 1 decade ago

    Did you know California's crime/murder rate is lower than it is in the south?

    What's with that? Maybe it's because we have a more sane; peaceful culture here.

  • Anonymous
    1 decade ago

    I don't think you need a crystal ball to see that.

  • Anonymous
    1 decade ago

    If your predominately a liberal state, then yes, stand by to crash and burn.

  • 1 decade ago

    I believe so.

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