I want to welcome this groundbreaking scientific expedition to the savage lands of the Left Coast. You are here in California to answer an important theoretical question and now you have your answer.
Yes, this is what Barack Obama's second term would look like.
Study it. Fear it. And then go home and make sure that it never happens to the rest of the country.
Of course, in spite of all of its problems, California is still one of the best places in the country to build a successful small business. All you have to do is start with a successful large business.
Laugh if you will, but as you whistle past this cemetery, do heed the medieval epitaph: "Remember man as you walk by, as you are now so once was I; as I am now so you will be."
Mark that well, because if we lose this struggle for the future of our country, you too someday will live in a California - only without the nice climate.
Bad policies. Bad process. Bad politics. Those are the three acts in a Greek tragedy that tell the tale of how, in the span of a single generation, the most prosperous and golden state in the nation became an economic basket case. READ ENTIRE SPEECH