Posted on 05/27/2009 6:10:57 PM PDT by Steelfish
California to U.S.: Back us up for new loans State says it needs Washington’s help to stem financial disaster
SACRAMENTO, Calif. - If AIG was too big to fail, how about the world's eighth-largest economy?
In a move with only one modern-day precedent, California Gov. Arnold Schwarzenegger and Democratic lawmakers are pressing the Obama administration and members of Congress for federal loan guarantees to help the state out of a desperate, multibillion-dollar jam.
California is not asking for cash, like the tens of billions given to AIG, General Motors or Morgan Stanley. Instead, the state with the worst credit rating in the nation is asking that Washington act as a sort of co-signer on the state's borrowing, to be backed up with money from the Troubled Asset Relief Program.
(Excerpt) Read more at msnbc.msn.com ...
Does that mean the rest of American taxpayers would be “co-signing”, so to speak?
Binge drinker wants a loan to buy more drinks.
I live here, and the answer is no! no! no!
Cut out the middleman and go strait to Beijing.
Bailing out a failed state is betting on a sure loser.
Bankruptcy — and everything bankruptcy entails — is California’s only answer.
Isn’t liberalism beautiful?? Let our state bail itself out, and the liberal taxpayers (if we have any) feel the STING of radical runaway tax-and-spend liberals. Of course, liberals will never admit it is THEIR POLICIES that have sunk this state into obscene debt.
Maybe then we might see a change in state government -— or is it simply too late due to a lowering of the average IQ of the electorate??
Of course. It’s the 0 doctrine.
Is it really news that Crackfornia is jonesing for an extension of its credit lines?
NO
totalrecall2009.com
“Not No, but Hell No”, How can a state claim sovereignty as a state and be under the thumb of the federal government through borrowing. It’s time to cut the spending, pork and pare down the budget buzzheads!
UR being so unfair trying to ruin our party here in CA. C’mon folks what’s a mere $21 billion in a multi-trillion dollar budget? Only “little people” pay taxes, we here in CA are the hot shots- you know we have Hollywood, Beverly Hills, tons of gays and transgender types, a fantastic public education system where more than one-half don’t give a hoot about a high school diploma. Illegals are all welcome here and we give them cradle to grave public support. You don’t have to be alive to have your vote counted. Our judges make our laws. We are the land of milk and honey. You guys are simply jealous bastards as we soak in the sun and surf and it’s all free as the gays will tell you, “we get to ride your backs”!
Get the picture?
Yeah man, and when we all get done we can all smoke a joint together and sing coombya with our rainbow coaltion!
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
McCain to back Meg Whitman in 2010 race
[RINO Party] [spits in faces of Calif. conservatives]
AP / Forbes | 2009-05-27 | Michael R. Blood
Posted on 05/27/2009 6:45:53 PM PDT by rabscuttle385
http://www.freerepublic.com/focus/f-news/2259479/posts
[snip] The former eBay chief executive has not formally declared her candidacy, but a spokesman said Wednesday that she will pick up the 2008 Republican presidential nominee’s endorsement at an event in Orange County on Friday... Whitman is one of several Republicans maneuvering to get into next year’s race to replace Gov. Arnold Schwarzenegger, who is prevented by law from seeking a third consecutive term. [end]
U.S. to California: Um, nope.
Oh I see, it’s not Californians that are asking for anything, it’s their STATE GOVERNMENT, like the Federal government that is driving this country into a GD ditch.
Ya see all those private jets at LAX?
Ya think their owned by celebrities?
Got news for you they 99 percent of them are not.
Ya know who owns most of those private limo jets?
Corporations. Yes, the same corporations that hire illegal aliens by the millions, and the same corporations that contribute to the insiders in D.C.
The corporations own D.C. not the little celebrities, who occasionally rent these jets from the *real* fat cats.
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