California's Only Option, Bankruptcy: Michigan Voted Smart People In for Recovery

Refer to Investors Business Daily a great editorial on the woes of this once great state. Here is a portion of the editorial:

Some 2.3 million Californians are without jobs, for a 12.4% unemployment rate — one of the highest in the country.

• From 2001 to 2010, factory jobs plummeted from 1.87 million to 1.23 million — a loss of 34% of the state's industrial base. Ask any company, and it'll tell you the same thing: It's now almost impossible to build a big factory in California.

I blame the unions for a major loss of jobs. Most government jobs are union; this was implemented during Governor Brown's earlier terms in office.

Illegal immigrants the next big problem, crime out of control, and costing Californians $1,500 year to pay for all of what they can collect from welfare and free health care.

Finally the government unions have a pension that is not comparable to those of non union workers.
If their retirement fund loses money, we have to pay to make it right.

Now read how Michigan is going to survive. Read here in The Eastern Echo what the turnout was. What a contrast to California. A major shift to anti incumbents.

Overall, Michigan’s power shift included the governor, attorney general, secretary of state, three fourths of the senate and half the house are non-incumbants, the biggest shift of the Michigan political scene in nearly 20 years.

Is California going to finally wise up? Bankruptcy is their only choice. No more handouts from Washington, especially with the new congress coming in to run things right.

When California goes bankrupt, they will pick leaders, not career politicians.