Monday, December 22, 2008
Opinion: John Chiang, CA State Controller is nuts!
article:
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/12/22/national/a153948S79.DTL
title:
Official says Calif. could be broke in 2 months
problem:
John Chiang, the California State Controller and also the official referred to in the article, says CA will not have any money in the next 2 months to pay folks. He also says the state will be forced to defer payment or issue IOUs. He's also referred to as the "Chief Financial Officer" in the article.
Another problem is this same person about 6 months ago was against the governor's plan to lay off state employees and slash the pay to existing folks.
article:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/07/25/MN0B11V432.DTL
title:
Controller says he won't cut workers' wages
I remember he also did a very lame interview on KCBS radio saying the governor's plan would be negatively viewed by folks in Wall Street. He also said California could access loans. I forgot what type of loans but I remember they were the same type of ARM loans "home buyers" accessed a few years ago that's now causing the foreclosure mess and not to mention the entire economic situation. First of all, six months everything was in the sh*ts so what and why is he so worried about what Wall Street thinks? Second when I heard him talk about the loans I immediately concluded that he is an idiot.
Winding forward to now, I'm sure he has to eat his words now. When the governor wanted to fix the cash problem six months ago, he was saying "What cash problem? California is doing fine!" Now he's saying, "California, we have a problem!"
Another problem I have is his inability to do his job. I'm thinking in business if the CEO ordered layoffs and salary reductions but the CFO declined to go ahead with the plan, guess what happens next? This dimwit thought that he was helping out employees but really he's destroying the state he lives in.
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/12/22/national/a153948S79.DTL
title:
Official says Calif. could be broke in 2 months
problem:
John Chiang, the California State Controller and also the official referred to in the article, says CA will not have any money in the next 2 months to pay folks. He also says the state will be forced to defer payment or issue IOUs. He's also referred to as the "Chief Financial Officer" in the article.
Another problem is this same person about 6 months ago was against the governor's plan to lay off state employees and slash the pay to existing folks.
article:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/07/25/MN0B11V432.DTL
title:
Controller says he won't cut workers' wages
I remember he also did a very lame interview on KCBS radio saying the governor's plan would be negatively viewed by folks in Wall Street. He also said California could access loans. I forgot what type of loans but I remember they were the same type of ARM loans "home buyers" accessed a few years ago that's now causing the foreclosure mess and not to mention the entire economic situation. First of all, six months everything was in the sh*ts so what and why is he so worried about what Wall Street thinks? Second when I heard him talk about the loans I immediately concluded that he is an idiot.
Winding forward to now, I'm sure he has to eat his words now. When the governor wanted to fix the cash problem six months ago, he was saying "What cash problem? California is doing fine!" Now he's saying, "California, we have a problem!"
Another problem I have is his inability to do his job. I'm thinking in business if the CEO ordered layoffs and salary reductions but the CFO declined to go ahead with the plan, guess what happens next? This dimwit thought that he was helping out employees but really he's destroying the state he lives in.
# posted by kfcblog @ 10:07 PM 
