Big Insurance & Big Oil Recovery Team

Published on

Campaign reports filed late
tonight show that Arnold has transferred another $1 million from his
"Recovery Team" to the committee to pass his $15 billion bond measure.
That makes a total of $2 million transferred into the bond committee in
the last nine days. In the same nine days, over $2.5 million poured
into the "Recovery Team," with $100,000+ contributions coming from big
developers, financiers, insurers, entertainment moguls and oil

All of these dollars were moved almost immediately to the Gov’s bond
committee. Why the elaborate transfers, which obscure the bond’s source
of support? Voters are certain to lend more credence to a measure
backed by "Governor Schwarzenegger’s Recovery Team" than one whose
primary backers include: Zenith Insurance Company, New West Petroleum,
developer Castle & Cooke and Southern California Edison – all of
whom could face tax hikes if the bond measure fails.

Consumer Watchdog
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