5th largest economy in the world. Balanced the budget for 2013. Suck it haters.
god you're full of shit.
http://en.wikipedia.org/wiki/Economy_of_California
California's economy is the 12th largest economy in the world (2012),[7] if the states of the U.S. were compared with other countries.[8][9] .[10] As of 2010, the gross state product (GSP) is about $1.9 trillion, which is 13.06% of the United States gross domestic product (GDP).[11] The state's GDP growth rate slowed to 0.4% in 2008 after having grown 3.1% in 2006 and 1.8% in 2007.[12]
http://latimesblogs.latimes.com/mon...nia-economy-improving-or-worse-than-ever.html
Depending on who you ask this Labor Day, California's economy is either on its way up or headed straight for the crapper.
A report released today by the California Budget Project finds that the state has a historically low level of employment, even as earnings are declining for most workers. By July, the report says, the state had gained back only one out of six jobs lost during the recession. The state added only 2,760 jobs a month between February and July.
Government is dragging down the economy, the report says. Over the last three years, the state has lost public sector jobs at a rate twice that of the nation as a whole, the report says. Inland areas aren't helping either -- between June 2010 and June 2011, the Inland Empire lost 10,300 jobs.
Finally, inflation-adjusted earnings in California declined 1.9% between 2006 and 2010, the report says, making a typical worker have less purchasing power in 2010 than at any point in the last 10 years.
"Coupled with the latest figures showing extremely slow growth in the national economy, these state trends make it clear that we're a long way from a recovery that makes a real difference for California's workers and their families," said the report's author, Alissa Anderson, deputy director of the California Budget Project.