With masses ready to follow Limbaugh out of NY, and, Californians being forced out also, a mighty collision may occur, say in Kansas or Florida. Tax base collapse is a common denominator in all states now, and, efforts by the Fed govt. to delay things is driven by a desire to buy time to transfer as much property to other coffers before the mechanism for transfer, the big banks and financial entities (e.g. AIG) fold themselves. ...hardly something to cause a drumbeat to save profligate California.
There is no sign that we will still have our freedom when the time for a recovery comes around, or that any interest in our freedom will be the object of government at that time. The leaning to the left by this administration is to the left of known leftists, and hardly reassurring. The Congressional Black Caucus has just visited and celebrated Fidel Castro...what happened to Obama?
Bailing out California is not to be recommended..same with all other states.
Both the state of California and the Fed Govt are after the funds in the battered CALPERS pension funds....unconscionably...and, the pension funds are being pressured to accept TOXIC assets by Geithner. Calpers should not avail their threatened pension funds any further. That Swarzenegger is asking for CALPERS money is representative of how desperate he is, for Geithner..the same.