WHAT ARNOLD SHOULD DO NOW
After a richly deserved victory cigar my advice would be to revise the California Constitution so that the state can function fiscally in the event of a downturn. This might mean putting some restrictions on the power of voter initiatives (like...the one Arnold sponsored) to send the budget spiralling out of wack. It's really the only direction that offers hope of compromise with the Democrats by appealing to their political self-interest without conceding too much on taxes