"A French operator was originally interested in working on California High Speed Rail, and then they walked away ... because they thought it would be easier to work with Morocco to put in a high-speed rail system. So that's sort of embarrassing. If you were a first-world country, we should be able to do it better."

Siyamak sits down with Marc Joffe, state policy analyst at Cato Institute.

California Insider is sponsored by Birch Gold Group. Protect your IRA or 401(k) with precious metals today: http://birchgold.com/california