Texas economy leads nation in growth while California is stagnant

CNS News:
Texas, the nation’s second most populous state, had the fastest growing economy in the nation in the first quarter of this year with its state GDP growing at a real annual rate of 3.9 percent, according to data released today by the Bureau of Economic Analysis.

By contrast, California, the nation’s most populous state, ranked 42nd out of 50 states for first quarter economic growth, with its GDP growing at a real annual rate of just 0.1 percent.
...
The Texas economy, according to BEA, was driven up by a boom in the mining sector and by a large increase in manufacturing. California’s economy was dragged down by the arts, entertainment and recreation sector; finance and insurance; retail trade; and agriculture, forestry, fishing and hunting.
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There is much more.

 California still has a very large economy, but it is not growing.  It is a state where regulation and taxes act as a disincentive to expansion.

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