Commentary
Just as in the June primary, I thought I might provide an overview of the upcoming Nov. 8 election and its meaning for California.
Although California politicians exaggerate when they boast California now is “the world’s fifth largest economy,” it still is by far America’s biggest economy and most influential state. One only need look at Gov. Gavin Newsom’s call for a Dec. 5 special session of the Legislature to impose a windfall profits tax on the oil companies—which was followed this week by President Biden calling for a similar tax.
Republican House Minority Leader Kevin McCarthy of Kern County likely in January will replace Democrat Nancy Pelosi of San Francisco as House speaker. The job will continue the benefits of government grants going to California, albeit with a shift to GOP-connected companies….