It's surprising that Californians haven't been in revolt, or something, given how much our Federal System penalizes the Golden State. Afterall, they get only 2 Senators ...
One way to help ourselves, by helping California, might be to subsidize the creation of hydrogen gas-pumps. It's the future and the network of pumps is needed and a hurdle cost for the industry. Yes, the industry is just recently flush with cash, but they have dividends to pay out...(eyes roll). Anyway, CA has the potential to be a 'national laboratory', a place to dabble in helping industry, to see how it works out, rather than jumping in wholesale.
Afterall, the California economy is going to be reeling from the lending crisis, for a long time. Just look at how the foreclosures are disproportionately theirs, to date. It makes one wonder if the Washington GOP remains as reluctant to help the state as they were during the energy deregulation "crisis" (a term we put in quotes, because we now know some of it was induced).
Chart 1. Foreclosures, RealtyTrack data: California and Florida continue to be ... the eye of the storm.
Monday, October 20, 2008
Fiscal Stimulus - For California
