I'm all for optmism, and I almost always am optimistic, but there is a Biiiig problem;
Who said anything about a hoax? We have a rotting front porch here just WAITING to collapse. Without immediate spending CUTS we have pass the point of no return 2 years ago.
No, that's why this theory is so dangerous, it doesn't have to be a hoax. There will be a very real crisis in the Golden State. Requiring tax increase for defaulting loans, and tax increases on top of our Workers Comp/Tax Rates/etc are going to drive many many more businesses out of "Coliforniya"
Remember, their home run hitter is blaming the Republicans for every crisis, and Ahnold will indeed bring about their "pitch to hit."
-PJ