Jerry McNerney actually said...

We need to face up to this problem and start taking the steps necessary to keep this phenomenon from becoming a global catastrophe.

So to say that the regulation is causing a job exodus, there are jobs that are coming and going in any State, so I will contest that.

I think that can be attributed largely to the unregulated financial market that caused the housing crash in 2008.

But, you know, California is a big State. Some regions are suffering from a poor economy.