What Is Behind California's Decline
A WEAK GOVERNOR,AN INEPT AND INEXPERIECNED LEGISLATURE AND GREEDY REAL ESTATE DEVELOPES ARE DESTROYING CALIFORNIA: It turns out Arnie the terminator has a glass jaw and cant take the punishing confrontation thats needed for ending the budget crisis. Arnie may have sounded great when he was campaigning but so far as governor he has been unable to lead and make the deals needed for long term solutions. Arnie is a shill for big business like the state legislatures and takes direction from the lobbyists who take orders from the construction companies and real estate developers who pay for the elections. So consequently there are many costly ,unnecescary projects built in California. And that is the cause of California's budget problems. Arnies solution is no solution. He basicaly has gone after the states most vulneralbe citizens. He wants to slash health insurance and other programs that benefit children.
So currently there isnt a poltical leader to guide the state out of this crisis. Gov Arnie is a duck out of water when it comes to politicing and governing the state and the legistature is a junior high class with no adult supervision. The way public officials are elected must change. The special interest groups that pay for the elections pick the winning candidates. And that isnt working. Just look at Detroit and California.
LOS ANGELES: This is the epicenter for the financial mess plauging California. The mayor Antiono Vee the love machine let the real estate deveopers who paid for his campaign loot the cities treausrey. Since they cant pay the money back there is a 585 million dollar deficit. The solution is simple. Mayor Vee should just raise taxes and parking tickets and leave the poor real estate developers alone. Developer Related Cos owes millions to the city. Since they paid for Mayor Vee's campaign expenses it would be unfair of them to pay the fines they owe the city.
WHATS COOKING IN BEVERLY HILLS: The new hotel is up an running and certainly is the toast of the town. Its basically just a couple steps above a Holdiay Inn. However its still a big success. Lets at least hope so for the sake of the Beverly Hills taxpayers who paid for the hotel. The question is: Is the hotel paying for itself? Proably not. And a stunning piece of archeticture was destroyed to build that plain looking speciman of drywall. The old building brought people into the city. The new one cant even pay for itself.
GM'S BANKRUPTCY: That is the best thing for America and the company. Phil Murtaugh made Gm a success in China and should be the one to lead the company. He knows how to create product.
THE STOCK MARKET: Some of the best stock market timers are very bullish on the market. As the automoibile companies start getting strong the whole economy will benefit. There will be troubled waters along the way. In the coming weeks the market could take a big hit.
So currently there isnt a poltical leader to guide the state out of this crisis. Gov Arnie is a duck out of water when it comes to politicing and governing the state and the legistature is a junior high class with no adult supervision. The way public officials are elected must change. The special interest groups that pay for the elections pick the winning candidates. And that isnt working. Just look at Detroit and California.
LOS ANGELES: This is the epicenter for the financial mess plauging California. The mayor Antiono Vee the love machine let the real estate deveopers who paid for his campaign loot the cities treausrey. Since they cant pay the money back there is a 585 million dollar deficit. The solution is simple. Mayor Vee should just raise taxes and parking tickets and leave the poor real estate developers alone. Developer Related Cos owes millions to the city. Since they paid for Mayor Vee's campaign expenses it would be unfair of them to pay the fines they owe the city.
WHATS COOKING IN BEVERLY HILLS: The new hotel is up an running and certainly is the toast of the town. Its basically just a couple steps above a Holdiay Inn. However its still a big success. Lets at least hope so for the sake of the Beverly Hills taxpayers who paid for the hotel. The question is: Is the hotel paying for itself? Proably not. And a stunning piece of archeticture was destroyed to build that plain looking speciman of drywall. The old building brought people into the city. The new one cant even pay for itself.
GM'S BANKRUPTCY: That is the best thing for America and the company. Phil Murtaugh made Gm a success in China and should be the one to lead the company. He knows how to create product.
THE STOCK MARKET: Some of the best stock market timers are very bullish on the market. As the automoibile companies start getting strong the whole economy will benefit. There will be troubled waters along the way. In the coming weeks the market could take a big hit.
posted by thedetroittimes at 11:14 AM
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