Sharp Swings Mark Republican Governor's Race In California

At a time when California's economy ranks among the worst in the nation, there is still at least one bull market in the state. The battle for the Republican gubernatorial nomination is recession-proof. Front-runner Meg Whitman, the billionaire former chief executive of eBay, and state insurance commissioner Steve Poizner, a former Silicon Valley entrepreneur, have filled the state's television screens and mailboxes with a series of attacks over immigration and challenges to the other's conservative credentials. Whitman, making her first bid for political office, has poured more than $80 million into her campaign, including nearly $70 million from her personal fortune. In the past two months, she spent $33.8 million, according to the most recent reports. Poizner is no slouch, either. He has dropped almost $25 million into the race, most of it his own.