Lifestyle > Train of Thought

Arnold is now the Gov!

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Woodrow:
On day one, he put another $4 billion hole in the state's deficit by reducing the vehicle license fee, thereby ensuring that California's lowest-in-the-nation bond rating will be dropped even further by Wall Street, down to junk-bond levels.

On day two, the guy proposes a $15 billion bond measure, the day after he ensures that any bonds will be rated at junk levels and therefore be issued at sky-high interest rates.

He's not showing a whole lot of basic understanding of how finance and debt works at the start of his career as Govenor...

Remember tho, his economic advisor is Warren Buffet - no economic sissy.

It'll take a year to figure out if he knows what he's doing. Jumping on every decision or statement in isolation is unfair I guess.

Now back to the flamewar...

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