Sunday, January 03, 2010

The land of plenty goes south

The "ought" decade was one promise after another turned into trauma for California. It began with a popular Democratic governor, judging from the voter majority that put him in office. But his popularity plummeted in tandem with the state's nosediving finances. The decade ends with a Republican governor who, at first, was every bit as popular, judging from the wide voter margin that elected him. His popularity and the state's finances likewise hit bottom.

The chief distinction between Democrat Gray Davis and Republican Arnold Schwarzenegger may be that the former was recalled from office, and the latter will be permitted to finish his term next year. Perhaps Schwarzenegger was spared because voters remember the lousy results of the previous recall.

California's bipartisan gubernatorial failures were uncomfortably similar. Profligate spending, overextended borrowing and looming deficits were Davis' undoing. Schwarzenegger promised to "blow up the boxes" and cut up the credit cards, but ended up spending and borrowing on a par with, and sinking every bit as deep in debt, as Davis. This downward trajectory means Californians are among the highest-taxed, most over-regulated and poorly served citizens in the 50 states.

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