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The failure of California leadership to reflect on their policies in the midst of the 1 trillion dollar drainage from their state can only mean one thing: They know what they are doing, and they are driving people away deliberately. Why would this be? It could only be because they are not concerned simply with the state of California or its welfare, but are instead part of a nationwide agenda that seeks to push the wealthy into all parts of the country. This is actually a veiled war against the middle class suburbs and rural America. This process involves county commissioners and the building/zoning departments who take land that was intended for agriculture/industrial use and "rezone" it for a "planned development project" (PDP). Rezoning land in this way is what permits far more population in a given area than what the area was meant for, which raises property values and costs of living in the given area far beyond true market conditions and prices out the homeowners already living ...
Although high interest rates can discourage loans and "free-wheeling" spending, they encourage thrift, savings and investment. This protects people's money against the erosion of the dollar and allows them to purchase the far fewer things of true value and enrichment. Although this may appear as "slower economic growth" or even a "shrinking economy", it represents a healthy simplification of the economy, and leaves more room for the existence of vital industry, which depends on this savings and investment to succeed. "Economic growth" has always been a high priority, yet when taking into consideration all of the possible things that could represent this "growth", this term is so vague as to be almost meaningless on its own. What do we really want the economy to look like?
It is far better to have one meaningful factory or shop, than to have what amounts to clutter, which takes up more land, raises property values and takes away from the possibility for such a shop to ever exist or ...