It was bound to happen...

[Professor S]

Originally Posted by thatmariolover

So he's dictating the way that ~1% of the money is spent in order to bring wages back to unionized healthcare employees.

California is still going to have 6,726,000,000 available to spend how they wish. Honestly I think the fear mongering here is a little rediculous.

Read it again.

Failure to revoke the scheduled wage cut before it takes effect July 1 could cost California $6.8 billion in stimulus money, according to state officials.

They didn't say it could cost them a % of the stimulus money, it says it could cost them ALL of the stimulus money. Perhaps the threat has been reduced to percentage of the cut, but if so I haven't seen it yet. To call this fear mongering after reading the article isn't an honest comment, it's simply dismissive.

If I wanted to really fear monger I could go into how this Administration's treatment of Chrysler fits with the literal definition of economic fascism, at least the Italian version.

Fascists explicitly promoted their ideology as a "Third Position" between capitalism and communism.[125] Italian Fascism involved corporatism, a political system in which economy is collectively managed by employers, workers and state officials by formal mechanisms at national level.

http://en.wikipedia.org/wiki/Fascism#Economic_policies

Now is that fear mongering, or a pretty accurate description of what happened? And no, I'm not saying Pres. Obama is a fascist, but his decisions in regards to Chrysler certainly were, but one example does not a fascist make. Then again, four years is a LONG time...