Tags: One | Reporter's | Opinion: | 'NO' | and

One Reporter's Opinion: 'NO' to 56 and 57

Thursday, 19 February 2004 12:00 AM

The dinner was served high above Central Park at the residence of Robert Wood Johnson IV, owner of the New York Jets and heir to the Johnson & Johnson pharmaceutical fortune. The purpose of this sumptuous feast, it turns out, was to raise money to campaign for Proposition 57, which California voters oppose by a wide margin. The money-raising governor had told California voters he does not need any special interest money and stated to a spokesperson he did not intend to accept contributions from any bond dealers directly benefiting from the sale.

But Governor, what about accepting dollars from CEOs of investment banks that employ bond dealers, attorneys for the bond dealers, spouses of bond dealers, investors who buy the bonds, and others with less obvious financial interests? And don't forget the commercial real estate interests that operate nationwide; they, too, are concerned in California's recovery and dependence on the $15 billion bond measure. One developer has already given $500,000. And don't overlook the executives from New York-based insurance companies and their investment in bonds. Whatever became of Arnold's friend and economic adviser Warren Buffett, who suddenly disappeared after he more or less challenged Proposition 13? I wonder if he was in attendance at the $500,000-a-plate dinner. Now we know why our super-salesman has set aside body building for bond building in New York. Vote "NO" on 56 and 57 to avoid absolute financial disaster for your children and your children's children. 56 and 57: NO! NO! ... a thousand times NO!

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The dinner was served high above Central Park at the residence of Robert Wood Johnson IV, owner of the New York Jets and heir to the Johnson & Johnson pharmaceutical fortune. The purpose of this sumptuous feast, it turns out, was to raise money to campaign for Proposition...
One,Reporter's,Opinion:,'NO',and
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2004-00-19
Thursday, 19 February 2004 12:00 AM
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