bcncv

California - And by Extension the U.S. - Headed for Permanently Smaller Economy

I don't disagree with any of the facts you presented, however I found many of the opinions to be subjective statements covered by negative intonations that are groundless. A more cause and effect case would have made your argument much more believable.

For example, I agree with your assertion on housing in CA, but you don't give any reason other than a gut feel for why this is so. Also, your assertion about a "requirement" for $.50 gas is just silly. I'm young enough that I haven't seen $.50 gas in my entire lifetime, and our economy has managed unprecedented growth since 1980.

"Permanently smaller" is also useless without any type of quantification. Are you talking about zero growth? 1% GDP declines for eternity? 10%? I think there is merit in the points you're trying to make, but they just sound silly without more insight into HOW you got from point A to B.