California, The Trigger for the Global Collapse?
California, if considered a country was the 5th largest in the world.
http://www.lao.ca.gov/2006/cal_facts/2006_calfacts_econ.htm
http://www.usnews.com/usnews/news/articles/031020/20econ.htm
1 out of 9 Americans live in CA (not including illegals, and information is 3 years old)
http://quickfacts.census.gov/qfd/states/06000.html
Major Housing Bubble in CA
http://www.businessweek.com/magazine/content/06_09/b3973108.htm
http://www.opednews.com/articles/opedne_joel_s___060925_political_fallout_fr.htm
Morgages and Loan %'s in the US
http://www.businessweek.com/common_ssi/map_of_misery.htm
Your thoughts?
As you point out, California is a vital and very large part of this nation's economy. If things go wrong in the economy, obviously California will be hard hit just because of the size of its population and its economy. Conversely if things go economically wrong in California the entire nation's economy suffers.
For instance, California has, for decades, contributed much more in federal taxes than it has received in federal spending. If the California economy suffers greatly, they will contribute less in federal taxes and that adversely affects the whole country.
I'm not sure what point you are trying to make but it is obvious that the California economy is integral to the well-being of the nation. The bad economic policies in effect obviously hit California hard probably due mainly to its large size and large economy.
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