For the past several years, Sacramento
has been focused almost exclusively on the state budget crisis. Ignored
for the most part has been how to deal with California’s unemployment rate,
currently second highest in the nation. Except in isolated instances,
policymakers have failed to address the issue of job creation and
expansion. That’s what makes Lt. Governor Gavin Newsom’s recently issued
"Economic Growth and Competitiveness Agenda for California" a sober assessment of the challenges facing
California and worthy of discussion.
From an international trade
perspective, imports and exports through our ports generate hundreds of
thousands of trade related jobs in California. International trade is a
critical component of the overall economic health of California. However, because of California’s inability to build major
infrastructure projects, California’s role as a gateway for trade is
threatened as alternative gateways are being developed throughout North
America.
The Lt. Governor was right when he
stated "Onerous and inconsistent regulations, slow bureaucracies, and
misaligned policies at the federal, state and local levels present real
barriers to the speed and agility needed to compete in the global economy…
California must also bring its cumbersome licensing and regulatory processes
into the 21st century."