This is just a shame. He had seven years to make this happen for his state, and instead, he's passed laws that punished business through tax and regulation in order to pay for California's bureaucracy and social programs. His message is mixed too, he claims that taxation is the sole problem, but gives examples of overregulation.
The key point here made by Schwarzenegger (and good for him for recognizing it) is that if it takes California eight months to approve a business for opening while only 30 days in Colorado and 22 days in Texas, businesses will invest first in those states and put California far down their list — especially when considering the high taxes California also imposes along with its regulatory burdens.
Take this seriously, our Federal Administration is headed down the same path as California.
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