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How Much From Special Interests?

The Foundation For Taxpayer and Consumer Rights

Corporateering
 

News Archive - Web Logs - Press Releases

Mar 07, 2005 - 02:30 PM

Wall Street's Jockey

by Jamie Court
 
Tonight, the 21 Club -- the Manhattan restaurant and prohibition-era speakeasy adorned with sculptures of jockeys -- will be host to Arnold's no-limits fundraising. Dinner with the Gov runs a minimum of 11 grand per plate. Why would New Yorkers care about a California governor and his ballot initiatives? Could it be Wall Street smells money?

If Arnold succeeds with his ballot initiative to privatize public pension funds, Wall Street bankers will gain control over hundreds of billions of dollars when state-worker pensions are turned into 401(k) plans. Fortune 500 CEOs hooking up with Schwarzenegger would receive the bonus of getting corporate reformers at the California Public Employee Retirement System -- who have demanded the highest standards of corporate governance -- off their backs.

Arnold said in today's New York Times: "My money is all for selling and promoting our initiatives to make this state better. The only reason why I get away with it is because I am real. You see, I am honest." Get real, Arnold. Be honest. Why do New Yorkers care about making California better? When a forty dollar filet mignon goes for $11,000 per plate, maybe they are paying for something other than your picture.

Stable owners have contributed jockeys to the 21 Club since the early part of the last century. Tonight, nurses and firefighters will bring their own Arnold jockey to add to the collection.

Read more at: http://ArnoldWatch.org




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