What do you want to bet he's on staff to find ways to raise the junk bond ratings of California's bonds so that debt financing costs can be reduced. He may also be on staff so Arnold can twist his arm about Workmens Comp to lead him to find that was a bad idea for a time like this when California was deep in debt. Who knows, but its a certaintly you dont KNOW why he choose him or what his advice will be.
This is possible. One can hope. But Buffet has been hired as "Chief Economic Advisor", and if he has influence over ALL economic policy, then higher taxes and more business exodus are certainly in the offing. We all have to guess, because Arnold has made no statement of a concrete fiscal plan, unlike McClintock and Simon. I have to judge him by his actions.