Arnold acting as chief salesman for state
There's money to be made from California's financial pain. In fact, Gov. Arnold Schwarzenegger encourages it. Gregory J. Wilcox in the Daily News.
"Keep California great. Invest in our Golden State," he said in a radio ad that began airing Tuesday, urging Californians to buy $4 billion in bonds to help finance day-to-day expenses.
The state regularly sells bonds to pay its way. But given the dire financial climate, the state treasurer called on Schwarzenegger to use his movie-star charisma to make the pitch - his first - directly to the people.
On Tuesday and again today, Treasurer Bill Lockyer is selling short-term bonds - with a minimum investment of
About The
Sausage Factory
Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.
Leave a comment