All these middle states with coherent policy in the channel are being asked to take long term investment in California, as it will take a big chunk of liquidity and use it fast. These middle states have a moderate depreciation cycle, they are fine, this is not an investment that is good for them.
The middle states need enforcability, a provable contract with the folks out here. But we are in the middle of recall elections and who knows what. California comes with risk.
So the stimulus push by centrists will be direct support, more unemployment , fewer grants to states and localities. They will at least hedge, the Californians will not have their shock and awe.
We have families, kids,m widows, orphans, students, nurses, teachers, central pensions, and so on. There is out oil surplus, right there. No sorting mechanism, except where? the middle states.
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