Skip to comments.Schwarzenegger gives closed-door speech to economic think tank (Hoover Inst.)
Posted on 07/13/2004 6:27:10 PM PDT by NormsRevenge
STANFORD, Calif. (AP) - Still locked in a stalemate with legislators over a state budget, Gov. Arnold Schwarzenegger was scheduled to deliver a private speech Wednesday at the Hoover Institution, the Stanford University think tank he turned to as a candidate to help shape his economic vision and budget plans. Schwarzenegger was to be the keynote speaker at an annual meeting of Hoover's board of overseers, as well as about 1,000 Stanford community members and their guests. But despite being embroiled in a high-stakes showdown with legislators over the state budget - specifically, how to fund state and local governments - the event was to be closed to press coverage.
"It's a 'by invitation only' event, and the conversation is off the record," said Hoover spokeswoman Michele Horaney.
Founded in 1919, the Hoover Institution favors conservative free market economic principles, including tax cuts and limited government intervention. Hoover came to prominence under President Ronald Reagan, when Nobel Prize-winning economist Milton Friedman and other Hoover researchers helped craft the administration's "supply side" economic theories.
Hoover scholars also helped President George W. Bush develop his economic plans, including two major income tax cuts.
During last fall's recall campaign, Schwarzenegger tapped several Hoover scholars to be members of his Economic Recovery Team, including Michael Boskin, President George H.W. Bush's economic adviser; George Shultz, a former secretary of the treasury and state; and John Cogan, a former assistant secretary at the U.S. Department of Labor.
Two weeks after missing a state deadline to produce a budget, Schwarzenegger's advisers "just decided to keep (the Hoover speech) closed, like a fund-raiser," spokesman Rob Stutzman said.
I guess they didn't want to be embarrassed by the Terminator.
Embarrassed? Schwarzenegger's degree is in economics, and he's more attuned to Mises than Marx.
His budget is more Marx than Mises.
First, it's California. Second, every State budget is more Marx than Mises.
No it's not.
He has a BA in International Marketing and Business Administration from the University of Wisconsin.
All Advertising hype, no economics.
You're right on the specific nature of Arnie's degree, but not his study.
"This appears on the Laissez Faire Books web site: I started flipping the television dial. I caught a glimpse of Nobel Prize winning economist Milton Friedman whom I recognized from my studies in economics. I didn't know I was watching Free to Choose. It knocked me out. Dr. Friedman validated everything I ever thought about the way the economy works. I became a big pain in the neck about Free to Choose. All my friends and acquaintances got tapes as well as books for Christmas after Christmas. If I had come up with Free to Choose, maybe I wouldn't have got into body building. -- Arnold Schwarzenegger
Arnold has been a frequent attendee and speaker at Reason Foundation Banquets in Los Angeles over the years. Even more it was recently uncovered that Arnold once attended a hardcore libertarian conference. Former UCSD student and current PrestoPundit.com Columnist Gregory Ransom discovered Arnold's name as an attendee at an obscure conference on Austrian Economics held at his college in the 1980s. He wrote, "I remember picking up a small, poorly bound book that was a collection of papers presented at a very academic, very technical symposium on Austrian economics... On the first page was a small list of attendees.. and there was Arnold Schwarzenegger's name."
Highly respected economic conservative and Washington Times Editorialist Donald Lambro had this to say about Arnold in a recent column; "he has deep-set political beliefs in the power of capitalism, deregulation and free markets to create economic prosperity. His reading includes books by Friedrich Hayek, the Nobel Prize-winning economist best known for his seminal free-market work, The Road to Serfdom." And according to a San Jose Mercury News report, Schwarzenegger is a fan of the University of Chicago Economics Department, which had provided President Reagan's economic advisers."
And this quote from Arnold once appeared in London's Financial Times; "I still believe in lower taxes -- and the power of the free market. I still believe in controlling government spending. If it's a bad program, let's get rid of it."
Lending even more credibility to his libertarianism Schwarzenegger appointed hardcore free market economist and drug legalization advocate George Schultz of the Hoover Institute to be a top Economic Advisor. In addition, during the campaign Arnold repeatedly asserted his enthusiastic support for Proposition 13 Property Tax Roll Back and Proposition 187 that eliminates illegal immigrants from the welfare rolls."
It will be interesting to see what the participants relate afterwards. If he has a long range plan, its a well kept secret. Nothing so far has inspired conservatives to believe he will make government smaller and more responsive to the present day needs of the people of California.
No excuse. Arnold was hired to get the budget under control. So what does he do? He borrows the money, screws local government, pushes out eventual expenses, and raises spending, significantly. Schwarzenegger has visited a fraud upon the voters of massive proportion. He doesn't even pass as a "moderate."
If you call painting yourself into a fiscal corner a long range plan, I guess he'd best keep it a secret.
What would pass as "moderate" in California?
Sad thing is, I can't tell from that statement which politician you're talking about.
|Prop 227||English only education in public schools||Passed|
|Prop 209||No more affirmative action in State hiring or education||Passed|
|Prop 22||Heterosexual marriage only||Passed|
|Prop 187||No benefits for illegal aliens||Passed|
Here is the last poll before the recall by USA Today/CNN/GALLUP.
"If the choice were between Cruz Bustamante, the Democrat and Tom McClintock, the Republican, who would you be more likely to vote for: Cruz Bustamante or Tom McClintock?"
Simon lost to Davis by only 325,000 votes after the most incompetent campaign in history and while being stabbed in the back by his own Party.
Don't give me that crap about California until you know what the hell you are talking about. The problem in this State is a gerrymandered legislature, not the voters.
Thank you. Votes don't always count in this state, and the liberal judges legislating from the bench don't help either.
Primarily Federal judges at that.
Uh huh. We need to turn redistricting over to an non-partisan elections agency or adopt PR. If PR were adopted, Republican chances would be even better thanks to getting a proportionate share of the vote in terms of seats. Reforms of course, which the Democrats who benefit from lopsided representation in a gerrymandering legislature, are dead-set against.
Yep. Prop. 187 was invalidated by a single federal judge. Gray Davis did not even bother to file an appeal. Its possible most of the measure could have been saved and California would not find itself in its current straits today.
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