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California hit hard by global downturn 02 Feb 09

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Uploaded by on Feb 2, 2009

The global economic downturn has also spread to the largest and richest state in the United States.

California is facing a multi-billion dollar budget deficit meaning the government running the world's eighth largest economy is almost broke and nearly one in ten Californians is looking for work. Al Jazeera's Tom Ackerman reports.

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  • I heard they are gonna issue IOU's for your tax returns =/ EEK!

  • Americans are being taken for fools by their own government. Americans are naive and ignorant when it comes to politics, compared with the people in Latin America. Americans think that the word "Democrat" means just that, but nowadays it is synonymous with "Socialism". Canada has already become a Socialist country and they are miserable with it, 12+ countries in Latin America have already elected leftist (Socialist) governments and Chavez is encouraging the rest to follow step with him and Cuba.

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  • The problem here is the monetary system itself.

    While you take loans from the old satan, Rome (the fed), you are constantly at its mercy - if your govt doesnt do what its told, they pull the plug and send your money elswhere.

    ZIONIST means ROME. The pope is the type of jew who WANTS armageddon, to fulfill the bible.

    Teh crusades, nazis, all ofit - and look at washington.

    Satan = Rome = Zionist

    And to make it wors,e form what i can see - the muslims work for rome, too.

    Hows that ?

  • Ok no problem.

  • I don't really care. I was high and the video was confusing.  You're presumptuous.

  • rswods7 - They're called c-o-r-r-e-s-p-o-n-d-e-n-t-s.

    Defined as: a journalist or commentator who contributes reports to a newspaper, or radio or television news, from a remote, often distant, location. In this case he's a Al Jazeera correspondent.

    They do have a branch in Washington D.C. Are you afraid they move next door to you? Boo!

  • Since when does al jazeera have a branch in san jose ...?

  • California really is falling into the ocean! :-0

  • California isn't the richest state in the U.S., Maryland is. I read it in the Baltimore Sun a couple of years ago.

  • º¤ø„¸¸„ø¤º°¨¸„ø¤º°¨ post to 9 other vids

    ¨°º¤ø„¸ Copy „ø¤º°¨ press F5 twice

    ¸„ø¤º°¨Paste ``°º¤ø„¸ OK

    ¸„ø¤º°¨¸„ø¤º°¨¨°º look at ur backgroun

  • it means america can't afford to invade other countries. this the the biggest positive american decline.

  • wooooohoooooo, we don't even have to nuke america to kill it.  it's rotting itself.....

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