Thursday, May 21, 2009

Rush Was Right...Ugh!

Limbaugh mentioned that Obama was likely to bail out Californicate.

At least the first half of that transaction is launched:

...with California on the verge of financial collapse, state leaders are demanding an unprecedented federal rescue of their own.

They say they need the Obama administration to step in and back billions of dollars in emergency loans. If Washington fails to do so, the state could start running out of cash in July and then would have to stop paying huge amounts of its bills. That, in turn, could set off dangerous ripples throughout the economy, state officials say.

The argument is familiar. Just like AIG and General Motors, California says it is too big to fail.

Hey, Bill Lockyer! Aaaaaahhhhhhhhhhnold!!

CUT THE SPENDING!!! And give back our dairy cows, dammit.

1 comment:

Joe of St. Thérèse said...

Being in Ca, i want out, and did my part by telling terminator to go mess with someone elses' money by voting no on his props.