Victor Davis Hanson writes that California "is now a valuable touchstone to the country, a warning of what not to do":

Rarely has a single generation inherited so much natural wealth and bounty from the investment and hard work of those more noble now resting in our cemeteries--and squandered that gift within a generation. Compare the vast gulf from old Governor Pat Brown to Gray Davis or Arnold Schwarzenegger. We did not invest in many dams, canals, rails, and airports (though we use them all to excess); we sued each other rather than planned; wrote impact statements rather than left behind infrastructure; we redistributed, indulged, blamed, and so managed all at once to create a state with about the highest income and sales taxes and the worst schools, roads, hospitals, and airports. A walk through downtown San Francisco, a stroll up the Fresno downtown mall, a drive along highway 101 (yes, in many places it is still a four-lane, pot-holed highway), an afternoon at LAX, a glance at the catalogue of Cal State Monterey, a visit to the park in Parlier--all that would make our forefathers weep. We can't build a new nuclear plant; can't drill a new offshore oil well; can't build an all-weather road across the Sierra; can't build a few tracts of new affordable houses in the Bay Area; can't build a dam for a water-short state; and can't create even a mediocre passenger rail system. Everything else--well, we do that well.

Meanwhile, Patterico asks, "Is Arnold Risking a Recall?"

Update: Silicon Valley journalist Michael Malone explores the positive benefits of corporate euthanasia as a way of jumpstarting the moribund economy.