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October 3, 2008
Land of Fruits and Nuts Wants a Bailout Too
Posted by Dave Blount at October 3, 2008 11:47 AM
While the government is using the mortgage crisis it created as a pretext to pass out hundreds of $billions of OUR MONEY to its friends, a certain RINO Governator thinks California should get some too, perhaps as a reward for the state's responsible management:
California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that the state might need an emergency loan of as much as $7 billion from the federal government within weeks.
The warning comes as California is close to running out of cash to fund day-to-day government operations and is unable to access routine short-term loans that it typically relies on to remain solvent. […]
"Absent a clear resolution to this financial crisis," Schwarzenegger wrote in a letter Thursday evening e-mailed to Paulson, "California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the federal treasury for short-term financing."
V the K runs through the checklist:
• Sky-high taxes — CHECK
• Lavish Spending on Public Employees — CHECK
• Draconian Energy Regulations — CHECK
• Hostility to Business — CHECK
• Bankrupt — CHECK
Who is going to bail out the federal government when moonbat economics drive that into bankruptcy too?
Hat tip: Michelle Malkin.
