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Economy Rant


California lost more than twice as many jobs than official statistics show during the recent economic downturn, many of them in the ailing technology sector, according to confidential state data obtained by The Chronicle.

Official EDD statistics show 14,658,900 jobs in California outside the farm sector as of June 2002, a relatively mild loss of 99,000 jobs from the peak registered in January 2001. The unemployment insurance tax filing data indicate that the job loss was 205,000, or more than two times larger.


And no, EDD had no conflict in keeping this information confidential during the recent elections and there should be no correction of a flawed system that makes politicians look competent when they aren’t. Because otherwise the economy is just f#$ing fabulous. I should feel glad that I only pay $2.05 a gallon for gasoline and that my home gas and electric have only gone up 40% to pay for California’s power mess of 1990-91. Government priorities should absolutely rest with establishing new security color schemes rather than fixing the economy. And while I’m on the rant, when are Martha Stewart et al going to be shipped off to Guantanamo for their acts of pillage and terror against the American people?

Chuck posted this on Wednesday, February 19, 2003 at  7:24 am.   Comments Off 

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