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"I think California has lost its way...."

The Redwood Guardian - June 22, 2009

By Michael O'Faolain

In what was the most accurate descriptive statement by any government official of the situation in California during The Great Recession, on May 22 U.S. Education Secretary Arne Duncan stated to an assembly of mayors and school administrators: "Honestly, I think California has lost its way, and I think the long-term consequences of that are very troubling."

California's economy is perched at the edge of the precipice. As noted on May 26:

California's Great Recession likely will begin "in earnest" in July 2009. And unfortunately for the Obama Administration and the world, what was the world's 8th largest economy will drag everyone else down with it.

To read full story, please visit: http://redwoodguardian.blogspot.com/2009/06/i-think-california-has-lost-its-way.html

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