Brown: Romney's comment on Calif. economy 'silly'
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TORRANCE, Calif. (AP) — California Gov. Jerry Brown says Republican presidential candidate Mitt Romney ought to rethink how he compared California to struggling European nations.
While
visiting a Frito-Lay distribution center near Los Angeles on Thursday,
Brown dismissed Romney's remarks as inaccurate in light of California's
relatively manageable debt burden and economic wealth. He labeled the
remark "just silly."
Brown told reporters that California has one of the richest economies in the world.In Iowa on Wednesday, Romney said that people around the world worry that America is going to become "like Greece or like Spain or Italy, or like California."
The credit rating
agency Standard & Poor's last year rejected comparisons between
California's annual budget deficits and the financial problems of
Greece, noting in part that California has a more diverse economy.
end quote from:
http://news.yahoo.com/brown-romneys-calif-economy-silly-002018307.html
I would say that California likely has the most diverse economy in almost every direction and I would hazard to say that California has the most diverse economy of all 50 states. Which is exactly why California has led the U.S. out of every single recession since world War II except this one. And strangely enough California likely will also lead the nation out of this recession whenever that happens whether that is this year, the next or even 5 to 10 years from now because of it's extremely diverse economy.
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