mdwest
AH ambassador
"Ask yourself why our economy dwarfs most others? The economy of most U.S. States dwarfs the economies of most large countries. It's because our system is better, but most don't take this lesson away from what they learn about America."
That’s certainly true, and I tip my hat to that efficiency.
But without your frontrunners, California and New York (State), the picture would look quite different.
Strangely enough, these are all states governed by Democrats, even though they’re so vilified here.
Do they know more about the economy??![]()
That is far too simplistic of a view…
While NY and CA economies are indeed huge… both have slowed dramatically and have become increasingly sluggish under long standing Democrat governance…
While Texas and Florida economies are currently booming and growing at an increasing rate, often stealing large market cap businesses out of California and New York… and have been doing so under long standing Republican governance..
CA’s economy grew the fastest just post WW2 from 1945-1960. Both governors during that time (Warren and Knight) were republicans.
NY’s economy grew the fastest in the early 2000’s during the Fin-tech boom..Pataki, a Republican was governor when the fintech boom started. During the boom there was a mix of R and D governors.
There is zero question that both CA and NY are in decline currently… and also not a coincidence that both have extreme leftist governors at the moment that constantly get railed for failed economic policy…
Also not a coincidence that the mayors of the largest cities in those states currently are extreme leftists (Mandami and Bass in particular) and that in just the last year businesses and high net worth individuals are fleeing those cities at a much faster rate, and relocating to R run cities and states…
Peter Thiel left CA and is now in FL.. Ellison left CA and is now in FL (although he spends a lot of time in Hawaii, his home of record is florida), Elon Musk left CA and is now in TX..Icahn left NY and now lives in FL.. Josh Harris left NY and is now in FL…
NY has lost 1/7 of its billionaires in just the last 4 years and many more are very publicly stating they are exiting this year…

