The reason that Schwarzenegger's comment is so laughable is the fact that California has an official 12.4% unemployment rate -- the 5th worst in the country. But, for sure, the unofficial or "real" underemployment rate that includes discouraged workers is probably well above 20%. That fact coupled with the reality that California is the most populous State in our Union means that more people are out of work in California than probably any other ten States in the country, combined.
On top of all that,
So, what's up with "Arnold" and how could he be such a "stoopid Kallyfornyan"; especially, since we are on the eve of this Congress and this President passing a "new" and improved jobs bill. Obviously, Arnold doesn't understand that having to pass another jobs bill after the billions that were spent on the Stimulus Bill is an admission that the Stimulus Package really didn't create job.
My guess is that Arnold has decided to suck up to Obama and the Democrats so that, when California goes completely belly up, he will be able to garner a few dozen billions of dollars in bailout monies for his state. That fact is inevitable because the liberal legislature of California and the all-powerful labor unions would rather have California go down in financial flames than become fiscally responsible by taking cuts in all their outrageous social programs, expenses, and pension payouts.
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