What the stimulus could mean for California
California is hurting. Its budget deficit is larger than total expenditures in most states, it’s got high unemployment, and the most foreclosures of any state. Stimulus money ? an estimated $32 billion would go to the state under the House’s stimulus plan ? would of course ease some of the short-term pain. But economists and local officials are unclear on how to turn the windfall into long-term economic well-being for the state. New York Times reporter Jesse McKinley joins Katherine and Adaora from San Francisco with a look at how his home state might fare under the stimulus bill.
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