Saturday, August 11, 2012

Brown: Romney's comment on Calif. economy 'silly'

TORRANCE, Calif. (AP) ? California Gov. Jerry Brown says Republican presidential candidate Mitt Romney ought to rethink how he compared California to struggling European nations.

While visiting a Frito-Lay distribution center near Los Angeles on Thursday, Brown dismissed Romney's remarks as inaccurate in light of California's relatively manageable debt burden and economic wealth. He labeled the remark "just silly."

Brown told reporters that California has one of the richest economies in the world.

In Iowa on Wednesday, Romney said that people around the world worry that America is going to become "like Greece or like Spain or Italy, or like California."

The credit rating agency Standard & Poor's last year rejected comparisons between California's annual budget deficits and the financial problems of Greece, noting in part that California has a more diverse economy.

Source: http://news.yahoo.com/brown-romneys-calif-economy-silly-002018307.html

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