Oy. Do some research on the idiotic proposition system before you go to town on Ahnold and the California legislature. There is only so much they can do. California's economic woes are because direct democracy doesn't work and direct rule by the people is a really stupid idea.
About as stupid as bashing California for being a socialist haven...because they are privatizing government property....
Socialize the losses and privatize the profits is the GOP way.
Notice the bankers are trying to return the loan sooner rather than later? Maybe that's because under Obama there is some accountability.
Under Bush it was Hear No Evil, See No Evil, Speak No Evil.
This is disaster capitalism. Create an emergency and you can push your radical ideas thru.