From Seoul to San Diego

Elliot Schroeder Elliot Schroeder 5 Comments

Having returned from a few weeks in Seoul it’s amazing how an Asian Tiger Economy differs from ours.  South Korea’s recent economic history starts after the Korean War where it was poorer than many sub-Saharan African countries to today where it’s part of the G-20 with a per capita over $30,000. Although the economy has had heavy government involvement in …

CA drops from world’s 5th to 10th largest economy in 10 years

Richard Rider, Chairman, San Diego Tax Fighters Richard Rider, Chairman, San Diego Tax Fighters Leave a Comment

California’s troubling decline vs. other nations by Richard Rider Frequently we hear the boast that California’s economy is bigger than most countries. And indeed, that is quite true. But there are two problems with this Golden State boosterism: 1. Too often the proclaimed rank of California vs. the other countries is outdated — and too high. 2. California’s rank has …

San Diegans Hurting Financially, New Poll Finds

Vince Vasquez Vince Vasquez 1 Comment

A new Field Poll released today revealed that San Diego voters are more likely to state they are going through tough economic times than any other region in California.  However, county voters remain largely optimistic about our state’s future economic recovery. Among the findings: A whopping 71% of San Diego voters say they are financially worse off today than a …

Let the Facts Speak: The First Economic Stimulus Isn’t Working

Brian Bilbray Brian Bilbray 2 Comments

In February of this year, the President signed into law the American Recovery and Reinvestment Act of 2009 (H.R. 1), also known as the stimulus bill, allocating $787 billion to create jobs and to stimulate the economy. Today, according to the State of California’s Employment Development Department, San Diego County is facing the highest unemployment rate in recent history: 10.2 percent. Statewide unemployment in the Golden State has risen to 12.2 percent, and this number is projected to increase.