Posted on 11/17/2005 9:08:34 AM PST by NormsRevenge
SHANGHAI - Energized by the growth he's seen in China and excited about his ``very big vision'' for rebuilding California's freeways, ports, levees and hospitals, Gov. Arnold Schwarzenegger told reporters accompanying him on a trade mission today that he did not yet know what a statewide rebuilding push would cost -- but said it could exceed $50 billion.
Asked about recent reports that he might back an infrastructure bond of $50 billion or more, Schwarzenegger said he's still negotiating with top lawmakers on the precise cost, but he is thinking big.
--snip--
The governor's comments came after he visited Bao Steel, the biggest steel manufacturer in China, which uses wastewater-treatment facilities designed and engineered by West Sacramento's McWong company, owned by Margaret Wong.
--snip--
While at Bao Steel, Schwarzenegger half-joked that he ``couldn't resist the opportunity to immediately make a deal to get some of this steel for our Bay Bridge -- so we can finish our Bay Bridge in San Francisco and do it a little quicker and a little cheaper.''
No such deal has been struck, but there was a serious point to the comment, said Schwarzenegger's Chief of Staff Pat Clarey later. She said California is in the market for domestic or international steel -- anything to drive down the estimated $5.1 billion cost for rebuilding the seismically unsafe eastern span.
``It's all about lowering the price,'' Clarey said, adding that the governor would welcome a bid from Bao Steel. ...
--snip--
``I have a very big vision for our infrastructure,'' Schwarzenegger said. ``It inspires me when you drive around here because you see the freeways on the bottom and then you see the freeways on top. ... We are still operating like we are in the '80s.''
(Excerpt) Read more at mercurynews.com ...
Sleep with a Kennedy, think like a Kennedy...
Lending Kalifornicate money, is as wreckless as throwing money at a crack whore...
NOT ONE DIME, until a budget that is within INCOME is produced....
Semper Fi
(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie.Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")
Fifty Billion here....Fifty Billion there.....then there's the CALpers problem.
I doubt they would be rated much higher than junk bonds
What a big surprise....NOT!
To: SierraWasp So what does The Arnold do when he gets back from China but announce another 50 billion dollar bond issue for "infrastructure". At what rates I shutter to contemplate. Of course all of these contracts will be at "Prevailing Wage"! Just a little bone for his union buddies...
71 posted on 11/17/2005 3:52:44 PM PST by tubebender
Just wait, Fair Opinion will be along with Kook-Aide for everyone.
That's right! That's exactly what he said to me!! It's like he had a photographic mind!!!
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