Thursday, May 28, 2009

Schwarzenegger wants federal loan guarantees

"In a move with only one modern-day precedent, California Gov. Arnold Schwarzenegger and Democratic lawmakers are pressing the Obama administration and members of Congress for federal loan guarantees to help the state out of a desperate, multibillion-dollar jam."

Remember when Schwarzenegger stood up at the 2004 Republican Convention, and described all those concerned about out of control spending, deficits and borrowing as "economic girly men"? It seems that no one in politics ever has to apologize or admit a mistake. Instead, they just get the taxpayers to bail them out.

No comments: