More Leftish Pessimism

And this quote from one of the economists on the Forecast's panel:

...California's projected $38 billion budget shortfall over the next 18 months will require major tax hikes and deep spending cuts. Tax hikes of all types, directed toward higher income people, could force many to relocate again, fueling another Colorado growth spurt.

Note that the difference between the September and August numbers is actually better for Housing Permits, and declines by statistically insiginificant amounts for the wage and employment categories. Note also that the economist's assessment of California was prior to the name change to Collyvornia. JB also attacks Owens for making a much-publicized trip to the Bay Area looking to lure companies away, and then suggests that he should do just that.

Forecasts come, and forecasts go, but the actual numbers are unassailable. The economy, including Colorado's in back on the way up. I do see a lot of criticism of Owens on the site, but I rarely see constructive suggestions.