Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (35258)	6/21/2003 8:29:19 PM
From: Raymond Duray	Read Replies (1) of 74559

ep, Re: Still Can't believe Arnold would really take on the California budget process I agree with your assessment. It is a totally thankless task, IMO. I consider Gray Davis to be part masochist, part bribery slot machine. Could Arnold clean up the mess? It seems extremely doubtful, given the prognosis for high tech, growth limitations and the basic ungovernability of California. In recessions of the past, growth was always California's solution. Today, with the cities crowded, the water potential pretty much maxxed out and no compelling new killer app technologies on the horizon, I simply don't see how California digs out of the deficits. Arnold would naturally be most interested in destroying the government and passing the savings along to millionaires. Hardly the way to a brighter future, except for the frightened elites in their gated communities. -Ray

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