Tuesday, April 06, 2010

Forecast: Sunshine & Rainbows? Not So Much.

Californians just can't seem to catch a break.

Thanks to the massive judicial corruption scandal finally being picked up by the press, the story is now being regularly monitored and reported by numerous Wall Street media outlets, among them Forbes, The Street and Fox Business News (not to mention several overseas publications), according to website traffic reports and follow-up.

Unfortunately, although the attention on the guilty bodes well for our future in general, the near-term most likely will be filled with catastrophic consequences to the State of California as investors of all stripes elect to take their business elsewhere, searching for climes of judicial integrity.  As the institutional dominoes collapse, smart investors will take their tens of billions of dollars and tens of thousands of jobs elsewhere, the insatiable greed of California's "elite" finally reducing the Golden State to a pile of rubble worse than a 10.0 earthquake would leave behind.

How worried are those decent Americans trying to raise children in this environment?

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