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If you haven’t seen the news, Todd Swarthout send in this tasty morsel: now that it looks like the $700 billion bail-out is going to pass the House, it looks like the hands are starting to get held out… now California needs a $7 billion bail-out as well.
But don’t worry, this one isn’t for lobbyists, lawyers or corporations that made bad choices, oh god no, this is for “teachers, nursing homes, law enforcement and all state-funded services” says Gov Schwarzenegger.
I really like how the funding is only for the most touching and sensitive things, god knows that lobbyists, politicians, entrenched utilities, etc. don’t need the money, oh no, it’s the nursing homes and schools… but that’s cool, you don’t have to give us the money, we’ll just close down the nursing homes and schools.
Good timing Schwarzenegger, no one saw that coming. If the government bails out the economy, why not bail out one of the most important states in the country?
A little bird told me that Texas and Florida aren’t doing so well either… what’s that? New York needs help with 9/11 reconstruction? It’s only been 73 years, sure why not! Support the troops! <other generic war slogan> and all that good stuff!
As a tax payer, does anyone else feel like they are sitting on a bike with no seat, and rotating… around and around and around?
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October 4th, 2008 at 8:26 am
CA just finally passed their budget so I don’t see why he’s begging for money. They budget cut a lot of areas so it would be within the expected tax revenue range. Maybe I missed something that messed up the budget. I saw tax the rich more. Us poor folks already pay enough taxes.
October 4th, 2008 at 5:19 pm
Jigsaw,
Have you been watching the political coverage and analysis after this $700bn bailout went through? So far all the analysis I’ve seen after it, now that everyone has had a longer chance to really tear it apart, looks like it didn’t do *anything* to save any home owners any heart ache, all it did is pick off the toxic mortgages out of the lenders portfolio and have the govt carry them instead of those companies.
So really, all you did was bail out those CEOs and investment teams that *decided* to take on, buy/sell those giant packages of toxic mortages.
Oh right… and we get to pay that 700bn, weeeeee
I’m not saying it’s all bad, I’m just saying:
1. I would have had some guarantees as to what this money was GOING to do, as opposed to a lot of hand-waving of doom and death that will happen unless we do it.
2. In 6 months, we better see some great turn out from this frigging thing.
October 4th, 2008 at 10:43 pm
Yeah. I’ve been reading some. I like this revised version better than the original, but it is still not that great. Guess we’ll have to see if it really helps or not.