I feel like when Homer Simpson states the obvious and says “NEWSFLASH!” John Seiler writes today, “Calif. Economy 47th Worst of States”

What’d you expect? Anybody surprised? Anybody care?

John Seiler writes:

California’s stagnating economy suffered more bad news by ranking 47th of the 50 states for economic outlook. The ranking comes from the new, fourth edition of “Rich States, Poor States: The ALEC-Laffer State Economic Competitiveness Index.” It combines 15 economic rankings, such as top marginal personal income tax rate and average workers’ compensation costs.

I received an advanced copy of the rankings, and will discuss them here. It will be released tomorrow, June 22, by the American Legislative Exchange Council, a nonpartisan group of state legislators. I’ll put up a link to it then.

My favorite line: “The only states ranking worse on the economic outlook were New York, rock-bottom 50th, followed by Vermont and Maine. Along with California, all are high-tax, high-regulation, jobs-killing states. The three other states have bad weather.” Click here to read more.