Yes, this article is written, it seems, with a bit of a vengeance. I'm not sure where "Go ahead, California, make my day." comes from... There are some relevan

Yes, this article is written, it seems, with a bit of a vengeance. I'm not sure where "Go ahead, California, make my day." comes from... There are some relevant points, but they're all contentious. California is in some dire straights, it's unfortunate. We'll get things sorted one way or another though, certainly. "There is no housing boom (or bubble) about to inflate, as it did in 2004" - I don't know much about Mr. Malanga's finances, but I would presume he's a multi-millionaire, if his ability to see booms and bubbles is at all accurate. He's a member of the Manhattan Institute, a heavily market-oriented "conservative" think-tank, and I can't help but wonder if a bit of ingrained bias played a part in this article.