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September 2010

Commentary

California Dreamin’ No More?

By Tom Donohue, President and CEO

California has long captured America’s imagination. Home to nearly 1 in 8 Americans and 1 of the world’s 10 largest economies, the Golden State is where the rest of the nation looked to get a glimpse of the future. That’s still true today, but for a much different reason. The California of years past—a dynamic mix of innovation, growth, and opportunity—has faded. In its place is a state that could soon look more like Greece.

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