Industries flee bankrupt California

When Virginia Governor Bob McDonnell recently announced the relocation of Northrop Grumman from Los Angeles to northern Virginia, it was not missed by those who are watching industries flee a bankrupt state.

Max Borders writes in the Washington Examiner Opinion Zone about the aerospace exodus from California as those businesses migrate away from back-breaking taxes and regulations. In the case of Northrop Grumman, that move was to Virginia.

Mr. Borders wonders "could L.A. soon look like Detroit?" He reminds:

For long-term economic health, the tried-n-true rules for wealth creation - low taxes, reasonable regulations, and streamlined, cost-effective public infrastructure - still apply.

California abandoned these rules over the last two decades and is now paying a very high price: the loss of some of it's finest businesses.

Read the entire op ed here.