The Bay Area boasts a $535 billion economy, making it the 19th largest economy in the

Discussion in 'Politics' started by Political Junky, Mar 19, 2012.

  1. Political Junky
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    Political Junky Gold Member

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    Report: Bay Area economy rebounding better than rest of country | abc7news.com
    :clap2:
    SAN FRANCISCO (KGO) -- A new economic report shows how well the Bay Area continues to recover from the recession.

    The Bay Area boasts a $535 billion economy, making it the 19th largest economy in the world, according to the report, which is put out every two years by the Economic Institute of the Bay Area Council.

    The cranes and towers that rise over Mission Bay in San Francisco are just one of the most obvious visuals of the powerful economic rebound the Bay Area is experiencing.

    "We are, if nothing else, an innovation economy here in the Bay Area. You can see it in the tech sector," said Sean Randolph of the Bay Area Council Economic Institute.

    The towers will soon house biotech labs and e-commerce companies, which are key components in this so-called "innovation economy."

    The report lays out some strong stats for the region: Forty percent of all venture capital in the country is invested here, and 15 percent of the country's patents come from the Bay Area.

    "We are the world's leading innovation economy and that's really what's helping to differentiate us now and drive growth here," said Randolph.
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  2. sfcalifornia
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    sfcalifornia Silver Member

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    Who says the liberals don't want to make money!!
     
  3. The Rabbi
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    The Rabbi Diamond Member

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    "Bay Area" is Silicon Valley. That is the only bright spot on California's otherwise crappy economy. The idiots in Sacramento have not managed to kill off that golden goose just yet. But they are trying very hard.
    Tech industry climbs out of Silicon Valley, moves abroad ? The Register
     
  4. sfcalifornia
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    sfcalifornia Silver Member

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    1996 was the beginning of another economic boom btw but whatever..... You can try to discount the economic growth that's been going on here all you want... The fact is, the economy is improving whether you want to admit it or not.
     
  5. The Rabbi
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    The Rabbi Diamond Member

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    The economy is improving. Big whoop. At this stage in the cycle Reagan was creating 1M jobs a month. To cherry pick the most dynamic sector of the economy and then pretend it represents the whole is a dishonest Democrat move. But I repeat myself.
     
  6. Political Junky
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    Political Junky Gold Member

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    The article said nothing about the economy outside the Bay Area. You didn't read it did you?
     
  7. Mr. H.
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    Mr. H. Diamond Member

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    Bay leaf exports... it's a huge moneymaker for them.
     
  8. editec
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    editec Mr. Forgot-it-All

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    California's contributes about 9% to the Gross domestic product.

    Sadly the real estate crash hit worst in the states that formerly contibuted most to this nation's economic activity.

    As a result those states governments are in deep doo-doo budget wise.
     
  9. NYcarbineer
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    NYcarbineer Diamond Member

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    We are 31 months past the end of the recession.

    31 months from the end of the 81-82 recession the economy was creating a million jobs a month?

    Indeed. :lol::lol::lol:
     
  10. The Rabbi
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    The Rabbi Diamond Member

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    No.
    CA is in deep doo doo because they embraced the liberal dream of high regulation, high taxation and high social benefits.
     

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