California is a really odd state thought Wally. During the USA financial crisis most of the USA businesses and economy got hit really hard and yet the state hasn't gone bankrupt. Wally noticed that in 2013 things haven't improved at all, the government hasn't made any effort in working with local businesses to create stable jobs and more and more firms are shutting down.
Having said that Wally noticed that California hasn't shut down and life goes on. How is this possible? Fact is that California isn't like other USA states. It's economy is built out of many micro economies. Such economies did not suffer from the financial crisis since they were not connected to it.
In California there are so many foreign economies such as the Asian, Indian, Latino, Arabic etc... They went un touched because they don't rely on volatile assets like technology, entertainment or other industries that can easily be ignored during difficult times.
It is safe to say that these micro economies, food, finance, education, construction, plumbing, foreign goods have been the only thing keeping California going during these difficult times. Many of these industries are economy proof when disjointed from the USA economy and have thrived due to their differences in management.
Wally now understood why so many USA firms were making their way out of California and into other states where they were more likely to survive.