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Tuesday, October 13, 2009

Saving California - California Progress Report




Saving California - California Progress Report:

"Even the state’s leading historian, Dr. Kevin Starr, has his doubts about California’s ability to recover from its current downward spiral. Quoted in a recent article in Great Britain’s Sunday Guardian, Starr warned that California may become “America’s first failed state.”

Foreclosures have leveled suburbs from Riverside to Merced. California is home to one of every four mortgages in the country where the loan is worth more than the property.

Employment numbers have plunged even more dramatically. At 12.2 percent, the state’s unemployment rate is the highest it has been since the 1940s. In many areas of the state, the job picture is almost surreal. The central valley town of Mendota, for example, is grappling with 38 percent unemployment. Nearly 5,000 East Bay jobs will disappear in one broad stroke when Fremont’s NUMMI auto plant closes early next year.

There are other alarming crisis indicators as well. The poverty rate in Los Angeles has climbed to 20 percent. Our schools, once the backbone of California’s ingenuity and progress, are now ranked 47th out of 50 states. This, coupled with spiraling higher education costs, has resulted in a 13-percent reduction over eight years in the number of 19-year-old Californians enrolled in college."