It’s a somber day for Republicans, and a foreboding one for California taxpayers. Today is the official swearing-in day for the California legislature. When the final counts were all done, Democrats now have a whopping 29 members of the California State Senate — while only ten Republicans will occupy the upper chamber, with reinforcements on the way when one more Republican wins a runoff in a special election. Let’s call this a super-duper majority for Democrats. In the Assembly, Democrats will control more than two-thirds of the chamber with 55 members, leaving the GOP with only 25 members. With the backdrop of a pretty lousy day nationally for Republicans including the loss of the White House, and a pretty dismal showing in U.S. Senate races, it’s not good. (Republicans did keep the House, though half of the GOP’s losses nationally were California seats). I won’t even get into the results of ballot propositions.

We’ve all heard that expression, “Through adversity comes opportunity.”

Well, the 36 Republican legislators in the State Capitol are going to have to figure out the opportunity that has been… Read More

When a business closes it’s doors forever, the impacts are far-reaching.

The announcement of the upcoming closure of the Campbell’s Soup plant in Sacramento will have regional and statewide impact.

Econ. 101

I may have been a political science student, but my husband is a longtime Sacramento manufacturer. For many years I lived and worked Econ. 101 lessons alongside 250 employees.

My businessman husband was an economics major in college and frequently reminds me that economics education in college has seen a dramatic shift. There weren’t many Keynesian economists in universities back then. Unfortunately, today, Keynesian economics seems to be the only economic theory coming out of universities.

Keynesian economics is an economic theory stating that aggressive government interventions in the marketplace and monetary policy are the best way to ensure economic growth and stability.

Economist Walter Williams has explained for many years the reality of the free market economy in which businesses must make a profit in order to survive: ”In the market, when a firm fails to please its customers and fails to earn a… Read More