[amexmike]

Warren Buffett is an investment Guru. If Buffett tells American CEO's that California is a ripe place for investing in their business (i.e expanding in California not leaving) they are going to at least listen. I'll guarentee you that before the Buffett announcement this week 2/3 of California (oh what the hell 5/6) hadn't even heard of this guy or even Berkshire Hathaway. This selection was targeted at Corporate America not Californians.

[amexmike]

Another thought occurred to me that Warren Buffett will also help solidify California's Bond ratings by giving confidence to those who rate the bonds. If our bond ratings go up then we pay lower interest rates on new bonds issued. That means we'll pay less money each year to the bond holders. This can save California millions in interest payment. I know this is a drop in the bucket, but it is a start and a simple way to start reducing the fiscal disaster. It is a pretty saavy strategy because Scwharzenegger doesn't even have to listen to Buffett on other issues.

[CyberAnt]

Okay - I'll go for that - and I also heard that he was tapped because he has made a fortune in the bond market and Ahhnold was interested in picking his brain about how to do that. If Ahhnold will just keep Buffett out of the political posturing mode before a microphone - it might be okay. But .. I think people were upset by Buffett's comment - right out of the gate - that property taxes were too low.

Also .. I'm stunned to see a poll which says Ahhnold LOST 33 points in just about 3 days, putting him at 22% and Bustamonte at 25%. I just don't think Ahhnold's number is possible.