In past posts, I have cited the scores of empty storefronts I see on the once-bustling commercial thoroughfares of Los Angeles. Today, driving along Wilshire from Crescent Heights to Doheny, part of the drive in Beverly Hills, I was struck at the increasing amount of signs I saw advertising office and retail space “for lease” or “available”.
And at the same time, unemployment in LA County inches closer to 12%.
Are people in this town even aware how federal, state and local taxes and regulations make it difficult for entrepreneurs to stay in business? Or are they just more concerned about social issues?
*Nor are Jerry Brown’s
SOMEWHAT RELATED: Puppies for Obama:
For anecdotal evidence of California’s electoral uncompetitiveness, check out what passes for political advocacy in my Silicon Valley neighborhood. Never mind the 10.7 percent local unemployment rate or the perennially yawning federal budget deficit: The President’s dog wants Obama reelected and, presumably, you should too.
Interestingly, in driving around LA today, I only saw one Obama sticker on a car–the very one in the post linked above.