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August 13, 2003

Peter Camejo

I listened to this guy rant on Larry Mantle's show this morning. He's in command of some interesting facts if not his senses. Having grown up on the moral side of things, I was vaguely stirred by his rants on taxation. In fact, I rather like the way he dismissively suggests that California has all the tax base it needs to handle immigrant education. I believe he is right. It was quite interesting to hear him tell that we are ranked 33rd in the nation with regard to property tax and 20th in educational spending to quickly debunk the notion bandied about by others that California isn't good for business. He didn't say it but I would. If your business cannot see the value of doing business in California, maybe you ought to stay in Arkansas.(No offense to my friends in Conway).

But then Camejo made a sharp left turn that left him babbling. He suggested, rather cavalierly I might add, that he would have gotten 'the people' to force pension fund managers to toss out 'the criminal' corporate boards of directors of the energy companies. I'm rather certain that this doesn't happen in the real world. Not because it shouldn't but perhaps because men like Camejo don't understand or respect the laws governing such matters. Neither do I understand them, but then I'm not running for governor, but it seems to me that even if one were to decapitate boards, one would have to appoint new management to change the direction of a corporation. Since when do governors do that?

Camejo probably has reasons to believe that fund managers have untapped powers. But I think he would be much better served trying some of that slamdancing on the State Legislature. Maybe he could get his own self appointed.

Posted by mbowen at August 13, 2003 12:38 PM

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