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California Exodus Undermines Governor Newsom’s Fortune 500 Boast

California Governor Gavin Newsom is proudly boasting about the number of Fortune 500 companies in California, but it seems like he has missed the mark. Many people are leaving the state, with 340,000 more individuals leaving than coming in 2022. Cities like Los Angeles, San Francisco, San Diego, and Santa Clara are experiencing population declines, while states like Florida and Texas are gaining residents.

This trend of people leaving California is concerning, especially since the state’s population is now 1.2 percent lower than it was in 2019. The loss of population has even led to California losing a seat in the House of Representatives during the recent reapportionment. Meanwhile, states like Texas and Florida are gaining political representation due to their growing populations.

Governor Newsom’s leadership is under scrutiny as California grapples with issues like homelessness, budget deficits, and an exodus of middle-class residents to other states. California currently has the highest number of homeless individuals in the nation, and efforts to address this crisis have not been successful despite the state’s billion-dollar investments.

It is clear that California, under Governor Newsom’s management, is facing significant challenges that are driving people away from the state. The focus on Fortune 500 companies while essential issues remain unresolved reflects a disconnect with the reality on the ground. As residents continue to seek opportunities and a better quality of life elsewhere, it is time for Governor Newsom to prioritize addressing the pressing concerns facing California.

Written by Staff Reports

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