Arnold Schwarzenegger

A community portal about Arnold Schwarzenegger with blogs, videos, and photos. According to Wikipedia.org: Arnold Alois Schwarzenegger: ) in Graz, Austria, is an American bodybuilder, actor and Republican politician, currently serving as the 38th Governor of California. He was elected on October 7, 2003 in a special recall election to replace then-Governor Gray Davis. Schwarzenegger was sworn in on November 17, 2003, to serve the remainder of Davis' term, which lasts until January 8, 2007. On September 16, 2005 he officially announced a re-election campaign to a full term in California's 2006 gubernatorial election - resulting in a re-election to another term on November 7, 2006.

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Arnie Begs the Feds

Written by free2be2cool on

From: danceawayblues.blogspot.com

How could anyone resist such a pretty face?
California gov says

may seek US Treasury financing
Fri Oct 3, 2008 12:06pm
SAN FRANCISCO, Oct 3 (Reuters) - California Gov. Arnold Schwarzenegger has informed U.S. Treasury Secretary Henry Paulson that the most populous U.S. state may need to turn to the federal government for short-term financing because of a lack of liquidity in credit markets.
California needs $7 billion to cover short-term expenses and has planned to issue revenue anticipation notes for it.
"Absent a clear resolution to this financial crisis that restores confidence and liquidity to the credit markets, California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the Federal Treasury for short-term financing," Schwarzenegger said in a letter to Paulson dated Oct. 2 and provided to Reuters on Friday.
"The economic fallout from this national credit crisis continues to drain state tax coffers, making it even more difficult to weather the continuation of frozen credit markets for any length of time," Schwarzenegger said, adding he supports a $700 billion emergency financial rescue plan due to be voted on Friday by the U.S. House of Representatives. (Reporting by Jim Christie; Editing by James Dalgleish)
http://www.reuters.com/article/marketsNews/idUSN0334144120081003

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