Nationally most people agree the Obama administration has failed to create any real economic recovery in this country. Locally Jerry Brown’s policies make California one of the worst business climates in the country. Combine these two failed administrations and you get a horrible economy for Sacramento.
Over 180,000 Sacramento area residents live in homes stuffed with more than one occupant per room. This trend has been getting worse over the last 4 years. There has been a 30 percent increase in overcrowded living according to census figures.
One of the contributing factor is the housing bust. With so many foreclosures, homeowners have converted to renters. The sharp increase in renters without an increase in rental homes created a high demand which in turn kept rental prices high.
In another sign of the failed Obama and Brown policies, unemployment in the region has remained in the double digits for 43 consecutive months. The unemployment rate is 10.3 percent, which is twice as high as before the recession.
Unemployment numbers remain high because California drives out companies like Waste Connection, Comcast, and Campbell soups which have all left the state because of California’s anti-business climate.