Obama is not bailing out California because California doesn't need to be bailed out. Finanacially, that is. The money is right there in the 8th largest economy of the world--all the state has to do is adopt moderate tax increases and financial Armageddon disappears like the image on a movie screen when the plug is pulled. The problem is political. One third plus of the California legislature consists of right-wing sociopathic Repubs marching in lock step and holding the entire state's citizenry hostage to their jihad against taxes. The state needs a two thirds majority to adopt a budget, thanks to the mob-rule California initiative process. To produce the votes needed to tip the balance, only a few little Repubs are in need of "education", old-time politics style. But the withered, shrunken rodents running around the state's legislature and governor's office are too busy running for cover to engage in anything resembling leadership. The state's governor has finally discovered that his actor's fantasy world is no match for the big leagues of politics, and his ship is breaking up against the hard cold reality of his failure to live up to what his special effects-laden movies suggested he could be. California has the money. What it does not have is will, competence, or sanity at the helm. Why should the president enable that?