If California is such a hostile business climate, why is it kicking everyone else's ass (like Texas) [View all]

[SunSeeker]

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California job growth has more than doubled Texas, even though the state isn’t twice the size of Texas (more like 31 percent more populous).

Now Texas was more resilient during the last economic recession, with its high energy prices keeping its energy sector fat and happy. But with the collapse of oil prices, Texas isn’t soaring during these times of economic growth. And with increased global emphasis on renewable resources, Texas will have to further diversify its economy, like California’s, if it’s to thrive and prosper in future years. (Of course, given that the GOP is funded by oil money, predominantly from Texas, good luck with trying to shift away from that. ...)
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But the point here isn’t that Texas sucks and California (or New York) is better. The point is that as much as conservatives claim California is a dysfunctional communist dystopia, the reality is that it continues to be the global driving force in entertainment and technology, is one of the world’s premier agricultural producers, and there is no slowing this juggernaut. Heck, if Detroit doesn’t evolve quickly, California will be the future of the auto industry as well (Apple, Google, Tesla, Future Faraday, and Uber)!

And it accomplishes all that despite its high cost of living, taxes, and regulations. Apparently, there is more to a positive “business climate” than low taxes. Otherwise, that unemployment map above would look a heck of a lot different. 

http://m.dailykos.com/stories/1463424