Opinion: Calif. overdue for a budget-busting recession
By Dan Walters, Sacramento Bee
It’s the economy, stupid.
Dan Walters
The line, uttered by James Carville as he managed Bill Clinton’s successful 1992 campaign for the White House, still holds true, as this year’s presidential election proved anew.
Whatever we may hope for California in 2017, it all begins – or ends – with the state’s uniquely complex, notoriously volatile economy.
The technology-heavy San Francisco Bay Area has almost single-handedly lifted California’s economy and while other regions are better off than they were during the depths of the recession, their recoveries have been more sluggish.
