Breaking Records in California

Today I was pleased to read that California has broken it's previous record for the unemployment  rate and we have now hit 11.2 percent for our March average.  This percentage of course dominates the shit out of the national unemployment average, a measly 8.5 percent.  This of course continues to prove what we've all known, California is the best state in the universe.  In all seriousness though according to the Reuters story, California is the 8th largest economy in the entire world.  That means if California was it's own country we would be kicking so many country's asses.  Well maybe not right now, since we have set the record for 11.2 percent, which is the highest since state records were kept on unemployment rates.

Fortunately for all of us we aren't done setting records yet.  The unemployment rates and overall sucking ass of the economy is projected to stay this way for at least another 6 months.  At least by professionals mentioned in the story such as economist Steve Levy who is from the Center for the Continuing Study of the California Economy.   I think part of the problem is center's poor choice of a center name.