Lieu on the bailout: Can California get in on this action?

Ever since the financial markets plunged last week, Torrance Assemblyman Ted Lieu has been sending out sarcastic press releases at a furious clip. Today he suggests (jokingly?) that as long as the federal government is going to bail out Wall Street, it should consider throwing some cash at California as well, where revenues were off $4 billion this year because of the mortgage meltdown:

If the federal government gives Wall Street executives the largest taxpayer gift in the history of the free world, then it certainly ought to consider giving states and local governments the aid we need to help struggling everyday citizens. 

This would appear to be another of Ted Lieu's "modest proposals," along the lines of the one he offered to the LPGA when it suggested that Korean golfers should learn English. But it was still not as sarcastic as the press release he sent out on Sunday (yes, Sunday):

This weekend I learned that Santa Claus really does exist, at least for large Wall Street firms, and the real name of that Santa Claus is Uncle Sam.

From that you might infer that he's against the bailout. Actually though it seems he merely wants the package to include reforms on lending rules, bankruptcy, and executive compensation. And he still wants Gov. Arnold Schwarzenegger to sign AB 1830.