Posted on 02/06/2003 9:28:42 AM PST by NormsRevenge
Edited on 04/12/2004 5:47:58 PM PDT by Jim Robinson. [history]
As a troika of California financial officers heads east today to convince Wall Street that the state remains credit-worthy, the situation at home is anything but persuasive. Recent events have begun to erode a thin layer of credibility that Gov. Gray Davis had erected around a fiscal crisis that ultimately could threaten the state's solvency.
(Excerpt) Read more at sacbee.com ...
Oh yeah, now I get it! Just a few bumps in the road, kind of like the power regulation scheme he crafted that worked out so well for California!
I guess the impending reduction of the state's credit rating will be just another bump. Have fun on Wall Street guys, I don't think the same old dog and pony show will sell quite as well there.
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