As California's economy continues to languish, China is becoming an economic powerhouse.  According to official government estimates, China has likely overtaken Japan as the world's second largest economy.  Just four years ago, China's economy passed Great Britain to become the world's fifth largest economy.

As I campaign up and down the 36th congressional district, I hear the same question over and over- What are you going to do to create jobs?  I tell people that I will continue to work for a "Green New Deal", modeled after the New Deal of the Great Depression.  With approximately $200 billion left over from the $700 billion Wall St. bailout, known as TARP, we have an opportunity to use the bailout money for the common good, namely to invest in a sustainable economy.

Although Governor Schwarzenegger is one of the very few Republicans supporting Democratic-led healthcare reform, he has issued a letter outlining a number of fiscal concerns to House Speaker, Nancy Pelosi, and the California congressional delegation.  With the golden state mired in yet another crushing budget deficit, here are his most pressing concerns:

1.  The bill would cost California $3-$4 billion a year in Medicaid expansion.

According to a California-based think tank, politicians continue to skirt campaign finance laws to raise millions of dollars.  According to LA's Center for Governmental Studies, legal defense funds, inaugural and leadership committees, donations to favored charities, political party contributions and reimbursed travel expenses are among the "tricks of the trade" used to subvert campaign finance regulations.  

Governor Schwarzenegger is demanding $8 billion in federal aid, or else he promises to enact massive cuts to a $21 billion budget deficit. Both Schwarzenegger and Senate President Pro Tem, Darrell Steinberg, are lobbying the Federal Government for billions to plug yet another monolithic state budget gap.

Not your typical Republican, John Dennis is adopting an unorthodox strategy in his bid to unseat Speaker Nancy Pelosi in next year's congressional mid-terms.  Many political pundits would consider his campaign a long shot, especially in the more liberal domain of San Francisco, but rising voter discontent and a 27% congressional approval rating may set the stage for some potentially spectacular upsets.

While Schwarzenegger's cold shoulder to social causes is readily apparent, his ability to cut spending from appropriation bills using the line item veto may be at risk today. Lawsuits contesting the use of the veto early in his gubernatorial career (St. John's Well Child and Family Center et al. v. Schwarzenegger et al.) were heard in San Francisco by the state's court of appeals this week.

I’ve previously written that Schwarzenegger’s state failures on state parks, recycling, funding public education, opposing teachers, nurses and firefighters (not to mention his failures on abortion rights and early pandering to Big Pharma) indicated that he was a hard line Republican despite his periodic zags to the middle. Now, his defense of climate change against neo-crazy-con darling Sarah Palin has me scratching my head again.

A new poll and multiple op-eds are placing the 2010 Top Two Open Primary ballot initiative in the spotlight.  The latest Public Policy Institute of California (PPIC) poll revealed that 47% of likely voters consider the Top Two Primary to be a very important issue on next year's ballot, outpacing marijuana legalization at 38%, a Constitutional Convention at 35%, and public funding for statewide elections at 32%.

In the quietly passed omnibus spending bill (say goodbye to billions and billions of your tax dollars!), more than a half million was dedicated to... research equipment for Los Angeles's very own Institute for Irritable Bowel Syndrome Research. FoxNews.com and a number of other voices quickly pointed to some of the outrageous projects being funded in the newest spending bill. It's almost as though lawmakers in Washington D.C.