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Peter Schiff - Obama Should Tell California to Drop Dead



May 29, 2009 – Comments (6)

During the height of New York City’s financial crisis in the 1970’s, President Gerald Ford had the good sense to turn down Mayor Abe Beame’s request for a federal bailout. The refusal prompted the famous New York Post headline, “Ford to City: Drop Dead.” More than 30 years later, as California Governor Arnold Schwarzenegger makes a similar plea to Washington, I hope President Obama will show similar restraint. Unfortunately, given Obama’s recent string of unwise economic decisions, it’s hard to imagine that his judgment will suddenly improve.

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6 Comments – Post Your Own

#1) On May 29, 2009 at 6:15 PM, CMFEldrehad (99.99) wrote:

As a lifelong resident of the Golden State, I couldn't agree more.  My state's problems are many, but are entirely of our own making.

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#2) On May 29, 2009 at 6:25 PM, starbucks4ever (85.73) wrote:

I find it hard to understand why the taxpayers of Alabama are being asked to bail out the taxpayers of Califirnia. It should be vice versa.

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#3) On May 29, 2009 at 6:46 PM, tonylogan1 (27.66) wrote:

Been in CA for 10 years, and yes we should be spanked and taught a lesson, and not given a cookie for our bad behavior.

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#4) On May 29, 2009 at 10:03 PM, alexxlea (60.29) wrote:

Perhaps we should be given some credit for being the state with the worst return on Federal dollars out for quite some time now and not complaining about it. We more than pay our fair share.

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#5) On May 30, 2009 at 9:43 AM, kaskoosek (30.18) wrote:

Toilet paper dollar here we come.

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#6) On June 01, 2009 at 3:42 PM, dbjella (< 20) wrote:

Nope, Obama to the rescue.  There are too many votes for him  not to get involved.

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