How is Arnie going to "shake off" the $8B energy lawsuit by Cailfornia?

[cthrumatrix]

This certainly may be one of the reasons why he was choosen as Greg Palast pointed out in his recent article. His thoughts were once Arnie is in...he'll wave off the lawsuit by the state and Cruz Bustamante.

This might be hard to do for a number of reasons:
-------------------------------------------------
* We know about it this..thanks to Palast.

* Calif got screwed by the energy companies and they NEED the $8B for their budget.

* Cruz is still there...and he is workign the suit.


Let's watch this play out...

[ComerPerro]

1. He will just make it go away

And it will never have happened.

Or, even better, if he can't stop it then he will steal all the credit for it if it is successful. And if it is unsuccessful, he will blame Bustamante.

[dutchdemocrat]

2. He will settle for a penny on the dollar

as he was instructed to do.

[koopie57]

3. I can't help but feel that the

republicans knew he was a fool and they just fed his ego and built him up to get him in office to do their bidding. He is expendable to them; and stupid enough and arrogant enough to believe that he is as intelligent as they tell him and probably sees visions of Reagan dance through his head. As soon as he pulls a few strings and makes a few deals for them, I think they will hang him out to dry.

[qwertyMike]

12. Oops

I thought you were talking abour Bush there.

[The Backlash Cometh]

4. I think he said he was going to call in a favor from Bush Co.

It's pretty exciting, really. It's like watching the Godfather all over again.

[ctex]

5. Getting the full amount wouldn't eliminate the CA deficit

If CA wins the suit and gets the full $8 or 9 billion it will be distributed to all electricity users in the state -- homeowners, commercial buildings, factories, state and local goverments, etc. The distribution will most likely be some sort of rebate on future electricity bills.

Since the state government uses only a small portion of all electricity consumed in the state, it will get only a small portion of the $8 to 9 billion and the deficit will still be there.

[ignatius]

6. On NPR this evening I heard that the gropinator is going to ask

the federal government for help.

I suspect this was all a part of a plan,hence the meeting with Rove and Lay last year. The government steps in in the form of guaranteeing bond issues which will get Ca. through their cash crunch and buy them some time. Bush and Arhnold then look like heroes to their adoring audiences.If memory serves me corectly, Michael Milken, the buyout king of the 80's who made zillions for corporate America on the back of staggering corpoate debt was also at those meetings.

I am not saying this the bond issuance is a bad thing,as a matter of fact this was done in the 70's in NYC when their economy was on the brink,I just think it should have been done months ago.

The thing is,IMHO, the administration had to have a repug in office to end the Enron litigation which I suspect will be part of the agreement.

Only my opinion, but when I heard the words "federal government" a red flag went up.

[eleny]

9. And they're counting on Americans to be too stupid

to ask why Bush wouldn't lift a finger to help California when Davis was Gov. Well, except one finger, that is.

[ignatius]

11. I would say counting on them to not put 2+2 together, is a

pretty safe bet.

[abbyhoffman]

7. he can't

Groper can not cancel or change the lawsuit in anyway!! Its up to the AG not the Gov. Calf AG is elected & a Dem he is not going to change or drop the lawsuit

[ignatius]

8. If I have learned nothing else these last three years in watching

these guys,never use the word can't against then. They have a way of offering deals that CAN'T be refused.

[Bozita]

10. Remember the Microsoft settlement?

Ah-nuld will use that as a model.