On Tuesday, California voters went to the polls and were expected to roundly defeat a ballot proposal asking the people to impose a $16 billion tax hike on themselves. Why is the public fed up with Gov. Arnold Schwarzenegger and the Democrats in control of the state legislature? What will be the strategy if the ballot measures do fail? Where did the once fiscally hawkish Schwarzenegger go wrong? We ask longtime political analyst and strategist Carol Liebau. We also get her reaction to Tuesday’s speech by Republican Party Chairman Michael Steele, who vowed to fight the policies of President Obama and rebuild the party on core conservative values.