Poll: Special interests run state govt.

Poll: Special interests run state govt.

Government of the peoplePeople finally are catching on that “government of the people” isn’t.

The Public Policy Institute of California’s new poll finds:

“A strong majority says state government is pretty much run by a few big interests looking out for themselves (68%), while just 24 percent say it is run for the benefit of all the people. This level of distrust is high, but it is about the same as it was in December (76% can trust government some or none of the time, 71% government run by a few big interests).”

Yet, in 12 days, people will trudge to the polls to vote for the same politicians controlled by the same special interests. Then they will do the same thing in November.

After all, the winner for governor will be the same as it was in 1974, 40 years ago: Jerry Brown.

Maybe the only thing that will shake things up is if people just stop going to the polls. If voter turnout was 1 percent, then control by the big interests would be confirmed by voter disdain. At least we would know where we stand.

 

44 comments

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  1. Rex the Wonder Dog!
    Rex the Wonder Dog! 22 May, 2014, 13:01

    Poll: Special interests run state govt.

    Like PUBLIC UNIONS??

    Big Business??

    I cannot believe it. I am shocked. SHOCKED I TELL YOU 🙂

    Reply this comment
  2. NTHEOC
    NTHEOC 22 May, 2014, 14:55

    Yet, in 12 days, people will trudge to the polls to vote for the same politicians controlled by the same special interests. Then they will do the same thing in November.
    ——————————————————-
    That’s because people love their way of life in California!! We have a strong flourishing economy and anything you could ever want In a state. Of course you CWD doomers love to try and bring our state down with your doomer rhetoric and anti govt propaganda, but The citizens of California can see right through you guys. We all can!!

    Reply this comment
    • John Seiler
      John Seiler Author 22 May, 2014, 15:31

      NTHEOC: If someone has a good job making $100K or more, or get a decent government pension, and bought your house before the prices soared sky high 12 years ago: yeah, you’re right.

      Otherwise, no. That’s why the state’s poverty rate is the highest in the country, according to the U.S. Census Bureau:
      http://www.huffingtonpost.com/2013/11/07/california-highest-rate-of-poverty_n_4233292.html

      Reply this comment
      • Bud Led Ted S.
        Bud Led Ted S. 23 May, 2014, 06:48

        I partly agree with John– if you bought your house after the insane increases you are in a different class—- which is sad—-the pension thing is a red herring—small percent of the work force got those—- but the econ is improving no doubt.

        The Ted Man of Steele Mentor and Of Counsel to the Doomers on CWD

        Reply this comment
    • Rob
      Rob 22 May, 2014, 16:20

      If this strong economy gets any stronger ill be homeless.
      Homeless and armed is not a good combination.

      Reply this comment
      • Bud Led Ted S.
        Bud Led Ted S. 24 May, 2014, 09:21

        Rob– What do you mean? Homeless and armed isn’t a good combination? You’re intimating that you’re going to be violent with weapons of some type?

        Odd comment little buddy.

        Reply this comment
  3. NTHEOC
    NTHEOC 22 May, 2014, 14:58

    Total CalPERS Fund
    Market Value
    Reflects market value, as of market close on 5/21/2014.
    $291.7 Billion
    ———————————
    Oh my, I really do love this state!

    Reply this comment
    • John Seiler
      John Seiler Author 22 May, 2014, 15:29

      CalPERS’ pre-recession high was $260.6 billion on Oct. 31, 2007.
      Source: http://www.bloomberg.com/news/2013-04-25/calpers-tops-260-billion-as-it-recoups-95-billion-loss.html

      Current value, as NTHEOC indicated, as of market close, May 21, 2014: 291.7 billion.

      Increase in 6 years, 7 months: $31.1 billion.

      Average yearly increase ($31.1 billion / 6.58 years): $8.7 billion / yr.

      Average percentage yearly increase: 3 percent.

      Percent investment return rate CalPERS claims it needs to remain solvent, from its own Website: 7.5 percent.
      Source: http://www.calpers.ca.gov/index.jsp?bc=/about/newsroom/news/demographic-assumptions.xml

      Percent gap in return rate vs. actual rate last 6 years, seven months: 4.5 percentage points.

      So, the fund, although it has done better in the past year, overall is increasing at less than half the rate to remain solvent.

      Reply this comment
      • S Moderation Douglas
        S Moderation Douglas 22 May, 2014, 16:58

        That looks like TL math.

        Garbage In Garbage Out

        Reply this comment
      • Rex the Wonder Dog!
        Rex the Wonder Dog! 22 May, 2014, 20:37

        John Seiler, it is actually MUCH WORSE than what you state because the 7.5% discounted rate should have been based on the pre-2007 meltdown levels, or 7.5% of $260 billion.

        Instead you have the 7.5% discounted rate being applied to the $185 billion from 2008 forward;

        7.5% x $260 billion= $19.5 billion/year
        7.5% x $185 billion= $13.8 billion/year

        Spread= $5.7 billion/year (not even compounded)

        $5.7 billion x 7 years= $40 billion shortfall from 2007.

        Reply this comment
        • Rex the Wonder Dog!
          Rex the Wonder Dog! 22 May, 2014, 20:47

          7.5% x $260 billion= $19.5 billion/year

          To make this even funnier lets do the math from 2007 forward @ 7.5% and see where we SHOULD be at;

          2008= $279 billion
          2009= $300 billion
          2010= $323 billion
          2011= $347 billion
          2012= $373 billion
          2013= $401 billion
          2014= $431 billion

          $431 billion – $291 billion= $140 billion spread

          $291 x % spread of $140 billion= 48% shortfall 🙂

          How are dem apples/math for you Dougie 😉

          Reply this comment
          • Bud Led Ted S.
            Bud Led Ted S. 24 May, 2014, 09:25

            fuzzy math and no accounting for increased contributions, actuarial deltas and the law change that will kick in in earnest in 2 decades……plenty o money to pay til then little buddies….

            My first post that started the doomer melt down was just sooooo excellent — I just HAD to re-post it!!!!

        • Bud Led Ted S.
          Bud Led Ted S. 23 May, 2014, 06:51

          fuzzy math and no accounting for increased contributions, actuarial deltas and the law change that will kick in in earnest in 2 decades……plenty o money to pay til then little buddies….

          Reply this comment
          • Rex the Wonder Dog!
            Rex the Wonder Dog! 23 May, 2014, 08:33

            “fuzzy math and no accounting for increased contributions, actuarial deltas and the law change that will kick in in earnest in 2 decades…”

            1- The “increased contributions” are based on the MELTDOWN #’s, 100% insufficient;
            2- The “increased contributions” are offset by the increased expenses and COLA’S;
            3- The ‘delta” on a number 48% below the benchmark is meaningless Dork;
            4- The “law change”, likewise, is also meaningless as the negative amortization will force the fund to 0% funding within 30 years.

            Oh, like taking candy from a teddy Steals baby 🙂

            Once again, teddy’s Google “copy and paste” post is reduced to trash 🙂

          • Rex the Wonder Dog!
            Rex the Wonder Dog! 23 May, 2014, 08:37

            btw teddy baby, my numbers used SIMPLE interest per annum, not compounded daily…. BAM!!!!!!!!!!!!!!!!!!!!!

            owie, I smacked teddy so hard that it hurt 🙂

          • John Seiler
            John Seiler Author 23 May, 2014, 12:16

            Ted S.: You’ll see.

          • S Moderation Douglas
            S Moderation Douglas 23 May, 2014, 17:55

            Some helpful advice, Rex. DON’T do your own taxes. It’s way above your grade level.

          • S Moderation Douglas
            S Moderation Douglas 23 May, 2014, 17:55

            Some helpful advice, Rex. DON’T do your own taxes. It’s way above your grade level.

          • Rex the Wonder Dog!
            Rex the Wonder Dog! 23 May, 2014, 20:01

            Some helpful advice, Rex. DON’T do your own taxes. It’s way above your grade level.

            Dougie, just admit it- I schooled you 🙂

          • S Moderation Douglas
            S Moderation Douglas 23 May, 2014, 20:38

            You are apparently aware of the concept of interest compounding, but didn’t “calculate” the twelve to fifteen billion CalPERS pays out every year in benefits. That’s kind of their whole reason for being.

            Among other things. When you oversimplify and use false assumptions, you only embarrass yourself.

          • S Moderation Douglas
            S Moderation Douglas 23 May, 2014, 20:39

            Please don’t try any more TL math.

          • Bud Led Ted S.
            Bud Led Ted S. 24 May, 2014, 09:26

            LOL—-Roll Tide!!!!!

          • Bud Led Ted S.
            Bud Led Ted S. 24 May, 2014, 09:28

            fuzzy math and no accounting for increased contributions, actuarial deltas and the law change that will kick in in earnest in 2 decades……plenty o money to pay til then little buddies….

          • Rex the Wonder Dog!
            Rex the Wonder Dog! 24 May, 2014, 14:23

            You are apparently aware of the concept of interest compounding, but didn’t “calculate” the twelve to fifteen billion CalPERS pays out every year in benefits.

            Really………………..;

            Spread= $5.7 billion/year (not even compounded)

            KaBOOM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

          • Rex the Wonder Dog!
            Rex the Wonder Dog! 24 May, 2014, 14:25

            btw teddy baby, my numbers used SIMPLE interest per annum, not compounded daily…. BAM!!!!!!!!!!!!!!!!!!!!!

            Bam! 🙂

          • S Moderation Douglas
            S Moderation Douglas 24 May, 2014, 14:59

            Still fuzzy, BamBam.

          • Bud Led Ted S.
            Bud Led Ted S. 24 May, 2014, 16:22

            lol SUPER fuzzy

            bam didi bam bam– bam bam!

          • Rex the Wonder Dog!
            Rex the Wonder Dog! 24 May, 2014, 21:38

            Man, this is the LAST time I crunch #’s for the unappreciative teddy and Dougie 🙁

  4. Ulysses Uhaul
    Ulysses Uhaul 22 May, 2014, 19:05

    Why worry about stuff you can do nothing about?

    You’re ruled because you deserve a more authoritarian leadership model due to dumb ideas and candidates stuck in Brady Bunch Years!

    Reply this comment
  5. Leotis Ahmad Jones
    Leotis Ahmad Jones 23 May, 2014, 04:44

    AHAUL, I Will bring you some prison justice. Do you snort, whimper, or moan?

    Reply this comment
  6. Bill Gore
    Bill Gore 23 May, 2014, 07:06

    This from Dmitri Orlov:

    “A Princeton University study by Gilens and Page performed a regression analysis on over a thousand public policy decisions, and determined that the effect of public opinion on public policy is nil. That’s right, nil. It doesn’t matter how you vote, it doesn’t affect the outcome in any measurable way. By extension, that also goes for protesting, organizing, dousing yourself with gasoline and setting yourself on fire on the steps of the US Senate, or whatever else you may get up to. It won’t influence those in power worth a damn.”

    Reply this comment
  7. Donkey
    Donkey 23 May, 2014, 08:40

    The RAGWUS runs the government, or else the idea that a government pension would be $100,000 would not exist. 🙂

    Reply this comment
  8. Bob
    Bob 23 May, 2014, 19:06

    Anyone who doesn’t know that special interest run government is just an idiot.

    But the Amerikan sheeple keep waving their little flags and voting in the same batch of criminals.

    The Amerikan people are far more brainwashed then the people of the former USSR. At least they knew their system was a cruel joke and let it collapse.

    Reply this comment
  9. Queeg
    Queeg 23 May, 2014, 22:23

    Your future is grim unless the working class can become part of the American Dream instead of being used as urban serfs by globalists, slaver service business owners, big box stores, lousy corporate food joints and failed public educators who churn out unqualified workers for the exploitive low wage world economy business models.

    Reply this comment
  10. Bud Led Ted S.
    Bud Led Ted S. 24 May, 2014, 09:36

    Queeg is correct here—– but of course the doomers are the useful idiots of the globalists so it’s more “pearls before swine” I’m afraid….oh well.

    Reply this comment

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