The best thing for W in 2004 would be a Democratic attempt to recall Schwarzenegger in 90 or 100 days, as party officials have threatened. The election results and exit polls prove that the electorate in CA
is very angry. If far-left party elites in California, including an obstructionist legislature, refuse to let Schwarzenegger have a chance to fix the state's problems, they risk the wrath of the voters next year.
John Fund had a great article (http://www.opinionjournal.com/politicaldiary/?id=110004132
) in yesterday's Wall Street Journal providing a model from Schwarzenegger: Governor Rick Perry of Texas.
Governor Rick Perry, a Republican who succeeded George W. Bush in the governor's office in 2001, has just wrestled a $10 billion budget deficit to the ground.
"I got a helluva New Year's present--a deficit that was 16% of my total budget," he told a group of conservatives in Washington last week. "I quickly decided we weren't going to hurt the state's people or economy by raising taxes."
That's been Arnold's line too, and Gov. Perry has proved that it's possible to mean it. He required every agency to state its budget needs starting from zero. They weren't allowed to start by saying how much more they needed than in the previous year. This zero-based budgeting approach ensured that no program escaped scrutiny and oversight.
His cost-saving efforts pared a billion dollars of the state's health care agency by consolidating its bureaucracy. He performed the same surgery on the state's sprawling education bureaucracy. Every other agency was required to cut its budget by 13% for the remainder of the fiscal year.
"Those who say you can't balance a budget without raising taxes are just interested in the taxes," he says.
Keynes is dead and we are living in his long run.