California's Reality Check

By Ryan Gilroy at 2:49PM

Jun 30, 2009

It was roughly 30 years ago that Gerald Ford told New York his famous two word response for when they asked for a bailout of New York City: DROP DEAD.

Might Obama say the same thing to California? The state's spendthrift government has in its favor the power wielded by the Californian Speaker of the House and Chairman of the House Energy and Commerce Committee, the latter of whom was a major cosponsor of the Cap and Trade bill.

Whether or not Obama would take Ford's line may shortly be seen: Politico reports that California is hoping to use TARP funds for a one time fix for the state to deal with its massive $24 Billion deficit.

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Submitted by Oyun (not verified) on February 22, 2011.

I didn't know Ford said that bailouts could 'drop dead'. That's a pretty extreme stance from a man who was known for moderation. I wonder what his take on international student travel insurance would be if he was still in charge? Thanks for making me think! Keep up the good work!

Submitted by Anonymous (not verified) on February 23, 2011.

This statement says it all really. Now that the state's spendthrift government has in its favor the power wielded by the Californian Speaker of the House and Chairman of the House Energy and Commerce Committee. As the review of cordless drills said, there are many diffierent things to compare and you can't just liken New York to California in this way. One is a city, the other is not, (yet).

Submitted by Carol Jones (not verified) on April 18, 2011.

anyone with any degree of commons sense knows that it is and always will be impossible.

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Submitted by adjustable beds (not verified) on March 24, 2011.

Not surprising that Ford said that.

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Submitted by Anonymous (not verified) on April 10, 2011.

Driving to practice from chula vista to pacific beach, I've noticed that even San Diego is beginning to get crowded... We need this bullet train. I have family and frends in Los Angeles, the San Francisco Bay Area, an Sacramento. I wanna see them but I would hate to drive that far, and flying just isn't my thing.

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Submitted by Anonymous (not verified) on May 23, 2011.

I think there are quite a few countries that now need a bailout

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