Arnold Schwarzenegger, 38th governor of California

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By myfirst50000

Should Arnold Schwarzenegger remain governor of California?

Seem like the question had been answered previously during the latest US elections. And it’s seem like the answer that had been giving at that time was yes. But what if the citizens weren’t arms to take such decisions? I am a Canadian citizen and when Barack Obama wins the 2009 US elections, I have to say, it had been one of most beautiful day of my life. Since the start, I admire Barack Obama and his family. But most of all, I was happy to see Democrats win the US elections.

California is among the richest state of the United States. But it’s seem like it’s not enough. California is facing $26.3 billion budget deficit for 2009-2010 budget year. And in 2009, the California economic crisis became severe as the state faces insolvency.

While many US and non-US citizens are looking more deeply into the situation of the CaliforniaState, I wonder, can a US state declared bankruptcy? Before, we couldn’t imagine that a bank could declare bankruptcy: but it happens. Can now a US state declared bankruptcy? It could happen and the only question that now remains is: when?

Should California’s 38th Governor remains in post? Arnold Schwarzenegger had been the Governor of California for 7 years now. And what had been the results? The state of California is irreparably hosed. The legislature is playing games, continue to cut where they shouldn’t: the upcoming liberation of 40 000 inmates is just of the latest examples. This will certainly help to save money, but it will definitely cause more problems to the US society.

It’s been said that Schwarzenegger's net worth has been conservatively estimated at between $100–$200 million. Shouldn’t Schwarzenegger take his fortune to pay for some of the failures he might have caused himself? At least, as a Governor, Schwarzenegger doesn’t cost anything for the California state. Schwarzenegger does not accept his governor’s salary of $175,000 per year. At least.

Someone like Schwarzenegger who had live in luxury for most major part of his adult life cannot know how to handle a budget for the simple good reason that this type of individual doesn’t live by counting every penny he spends. Because of this, I am under the impression Arnold Schwarzenegger doesn’t know how to manage a budget and established priorities. And the result: now, everyone looking at California state with horror. His place is in a movie set, not as a governor. Someone who wants to be a governor need to come from the correct background. It’s good to be a well-known figure. But some knowledge is required. Did Schwarzenegger studied law, political sciences and economic? Barack Obama has such background. He and Michelle are both lawyers. But what about Schwarzenegger? What about his background? Well, we all know, he’s an actor. We own him one of the best movies of all time, Terminator. And this is it.

Schwarzenegger is not being a governor, he’s acting like one. And he’s a bad actor. The biggest role of his career might also be his biggest flop.

Comments

Scott in NH 2 years ago

The governor failing to accept his $175,000 salary would be a symbolic move that wouldn't help California out of its crisis.

I don't see any reason the governor should feel compelled to toss his entire net worth, that he spent a lifetime earning, to reduce a one year budget deficit from 26.3 billion to 26.1 billion.

California's problem arose because a group of Democrats wanted to provide social services like education and health care for children, and a group of Republicans wanted a tax structure that wasn't really sufficient to pay for that.

As long as the economy continued booming each side could have its way without fixing the precarious situation they were living in.

But the policies of the Republicans and George W. Bush, borrowing billions from the Chinese by the bargeload, eliminating corporate and banking regulations allowing our largest banks to issue fraudulent securities and collapse and credit markets to freeze, a trillion dollars on an illegal war that killed a million people for nothing, and more than doubling our national debt from 5t to 11t took a horrific toll on our economy and the budget of every state.

But, California, which was the furthest from reality, was hit the hardest.

I reject the hypothesis that since Governor Schwarzenegger doesn't have to worry about how to pay his mortgage, that he is therefore incapable of reading or understanding a budget.

I think the reality is that for anyone to try and solve the divide between the Democrats and Republicans in California would have been nearly impossible. Even in total crisis with the state issuing IOU's forcing business to default and go bankrupt, the two sides were not able to work together.

Schwarzenegger had a goal of balancing the State budget and creating bi-partisanship when he took office in 2003. He failed miserably. But, I can't imagine that anyone else would have succeeded either.

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myfirst50000 Hub Author 2 years ago

I like your comments you post on here. I am Canadian, so I comment from an outside point view, because US policies had an effect on the value of my investment. What you say make a lot of sense, especially knowing that the debts in California had been existed for many years, years before Schwarzenegger become governor but still. I still believe he is not well armed to face financial crisis and other because he had no background in a proper field like economic or other. But since the situation is so difficult in the US right now, it might make a lot of sense to say that no one could had done any better. But still difficult to say. I am just hoping everything will get better under Obama. And it will :)

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