California’s governor delivered an 18-minute State of the State oration notable for its many omissions, including underperforming public schools and Sacramento’s notorious “boom or bust” revenue stream. Hoover senior fellow Lee Ohanian and distinguished policy fellow Bill Whalen, both contributors to Hoover’s “California on Your Mind” web channel, join Hoover senior writer Jonathan Movroydis to discuss how market volatility may upend state budgeting, the latest on K-12 ethnic studies, the future of UC-Berkeley student enrollment, plus the field of contenders looking to oust Gavin Newsom this November.