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Home Front: Politix
Tycoon with more money than brains offers help to debt-laden California
2011-01-07
The state is in for a rough ride, with spending cuts and tax increases expected over Mr Brown's term. But help may be at hand from Nicolas Berggruen, the so-called "homeless billionaire", who has assembled a small group of economic lightweights business and political heavyweights -- including Condoleezza Rice, former California governor Gray Davis and Google's Eric Schmidt -- to formulate proposals to reform the state's tax and revenue base.
I guess they may have another year before they have to learn Spanish.
No doubt they'll come up with a detailed list of eminently workable proposals, which will be ignored by the politicians as dangerously disturbing the status quo ante.
Posted by:gorb

#5  Brown was opposed to Prop 13 before - expect him to try again
Posted by: Frank G   2011-01-07 14:51  

#4  "No doubt they'll come up with a detailed list of eminently workable proposals"

Not if Gray Davis is involved.
Posted by: Barbara Skolaut   2011-01-07 14:44  

#3  And furthermore, if Jerry Brown indicates in any way at all that he wants to change or repeal Proposition 13 I will fully commit myself along with millions of other Californians to recall his silly ass.
Posted by: Ebbang Uluque6305   2011-01-07 13:14  

#2  I remember when California's debt problems first came to light. Then Governor Gray Davis said one of the reasons for the budget deficit was that they did not anticipate the bursting of the dot com bubble. I figured right then and there that they guy is either felony stupid or crooked or both. Anybody who knew anything about the dot com bubble could have seen that is was nothing but a fraud from the get go. None of those companies was making any money. If Condoleeezza Rice had any brains or integrity she would run, not walk, away from this group of economic pinheads as fast as her little legs could carry her.
Posted by: Ebbang Uluque6305   2011-01-07 13:04  

#1  Feed the black hole until it fills up.
Posted by: Alaska Paul   2011-01-07 11:31  

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