In conservative land, California is a bankrupt third-world basket case. And in truth, Arnold Schwarzenegger left the state in pretty bad shape. But in the two years since we got Democrats back in charge?
California contributed more than 15 percent of the nation’s new jobs between October 2011 and October 2012 – adding more jobs in 12 months than Texas and the rest of the other top-10 fastest-growing states combined – while home building is bouncing back and demand for houses is increasing.
The end-of-2012 results were even more impressive.
Of the 171,000 new jobs the entire U.S. added in October, 27 percent were in California. And since the beginning of the year, California has added nearly 300,000 jobs, outperforming Texas by a decent margin and outpacing New York by more than 2 to 1.