“California now has the worst credit rating in the nation — worse even than Louisiana’s” (Today’s WSJ). How does that make you feel Louisiana? Ecstatic that you’re no longer the worst? Probably not, but apparently Louisiana is refusing to accept bailout money. That bodes well for the state’s current budget planners; apparently they have been through a Billy Madison-style book camp and can now add and subtract. If only we could say the same for California. CA is withholding tax returns, halting construction projects, raising every tax imaginable and laying off government workers. I guess that’s what you need to do when you’ve run a $40 billion budget deficit.
California’s neighbors are throwing out a John Malone-esq helping hand. Colorado has reportedly started advertising in CA, asking citizens to move to its state. Advertising tactics include: billboards, flying banners over rush hour traffic, mass letters to business owners and general trash talking. The West Coast is taking off the gloves; i guess not everyone over there can be a prius-driving, sandal-wearing, hippie.
Sucks to be Arnold right now.
3 years ago