Thats right!!! It looks like he is doing a worse job than Grey Davis.
At any rate, now that the 'cat is out of the bag', you can look for many businesses to leave California over the next few years. The migration of businesses out of California will hurt the budget even more and will lead to more tax increases which will lead to more businesses and wealthy folks leaving the state, which will lead to...
You are right — I have a friend in CA, he runs a contracting business. He has had no work for months, laid everyone off and is preparing to move out. He has been doing contracting for over 30 years, says the housing market ‘just quit’.