What does the Gubenator and Gentleman Jerry have in common? Both are on the losing end of fiscal policy. What neither the politicians in Sacramento or San Diego were willing to accept was that the last two years were the good years in the tax revenue cycle and that the housing bubble bursting in 2007-2008, just like the dot.com bubble burst in 1999-2000, is going to take down their fiscal house of cards like Hurricane Katrina versus a Gulf Coast trailer park. It’s time we get use to the “R” word — recession — and with it renewed fiscal crisis. That’s my second “told you so” of the day.