California Wants To Bond With Her Citizens

Earlier this week, Gov. Schwarzenegger, in his role as Pitchman-In-Chief, cut a radio ad in which he tells us that if we really love California we better loan it money, or else he’ll have no choice but to clear-cut the Redwoods and put Fresno up for sale on eBay.

Listen to Gov. Schwarzenegger ask us for a loan

Ya see, even though in a few days the state is going to sell $4 billion in short term notes, we should still take advantage of this “special opportunity” of these good “safe investments” in which we-the-people can loan California money…but don’t worry, we’ll be paid back with interest next June.

Usually there’s nothing wrong with buying state and municipal bonds, but before you kick you down your last dollars to our beloved state,  you should know that that Standard and Poor’s put California on “credit watch” on Friday.  If you do buy a bond, you may want to ask for collateral beyond an IOU; maybe you can get first dibs on Fresno.