California Bailout

Will California Become America's First Failed State?

The Observer | Paul Harris | Posted 10.03.2009 | Business


California may be the eighth largest economy in the world, but its state staff are being paid in IOUs, unemployment is at its highest in 70 years, and...

Obama To California: We Can't Bail You Out

Los Angeles Times | Peter Nicholas and Richard Simon | Posted 06.22.2009 | Politics


California needs to solve its financial crisis by itself and should not expect an emergency bailout from the White House, an array of Obama administra...