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"The state is overwhelmingly dependent, " says Peter Bragdon, a lawyer who helped the Governor study the problem.
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This is a long-term problem that Governor Bobby Jindal, who took office in January, will need to address.
FORBES: The Worst States For Business
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So, number one, I want to send fewer jobs overseas, sell more products overseas. (Applause.) Governor Romney has no problem giving tax breaks to companies that are shipping jobs overseas, or outsourcing.
WHITEHOUSE: The White House
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The lieutenant governor argues that government's biggest problem is not that it is misguided but that it is archaic.
CNN: California discovers gold again
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In fact, both President Obama and Governor Romney have shown an interest in addressing the problem of tax preferences.
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Their biggest problem was the cloud hanging over the current governor, Paul Patton.
ECONOMIST: More bad news for the Democrats
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But in the wake of Sandy, Republican Governor Christy and Democratic Governor Cuomo have begun to openly discuss that this is a problem that we have to not only prepare for, but work to change.
FORBES: Sandy Is A Political Wake-Up Call: VIDEO
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All of which is a very long-winded explanation of why many - including the governor of the Bank of England - argue that the fundamental problem of the eurozone banking system is that it is seriously insolvent in parts.
BBC: Business
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Highlighting Mr Romney's image problem, a new opinion poll suggests the former Massachusetts governor's favourability rating is the lowest of any major party nominee since Ronald Reagan's presidency.
BBC: Ann Romney tells Republicans Mitt 'will not fail'
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Mike Cotton, a former school governor and father of four from Morriston, Swansea, said truancy was a "major problem, even with quite intelligent children", and the 700% increase was "absolutely amazing".
BBC: Truancy prosecutions in Wales rise 700% over five years
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The problem is not just Mr Davis (though he notably lacks the charisma of, say, Governor Pat Brown, who oversaw the academic and highway spending of the 1960s).
ECONOMIST: California on the couch