They put themselves in the fix they are in.  California has had decades of warnings, private and corporate citizens leaving in droves, plain stupid spending and liberal politics and now they are broke.  They are the third largest economy in the world and they are broke and wanting a bailout.

Well, if we have learned anything from bailouts – they don’t work.  It would be better to let it fail, pick up the pieces and start over. 

If Obama bails out California, they will have learned  nothing.  The state government will continue it’s stupid, liberal poilicies and crazy spending except we’ll all be paying the bill; and they will still go bankrupt.