[courtesy of The California Majority Report]

While Gov. Schwarzenegger goes to Riverside today to offer little more than happy talk about the sub-prime loan crisis, Assembly Democrats will roll out a legislative package in Sacramento that will do something about it.

Assembly Speaker Fabian Nunez and Assembly Banking and Finance Chairman Ted Lieu will roll out their proposals that crack down on deceptive lenders and toughen foreclosure regulations. They will be joined at a Sacramento news conference by local families that have been forced by their homes, as well as consumer advocates from the Greenlining Institute.

Lieu has spent the last week in Washington, D.C. meeting with top-level officials in the federal government, at the Federal Reserve, and on Capitol Hill.  His package is expected to be the first of many proposals put forward by Assembly Democrats this year, as well as those from the Senate.

Gov. Schwarzenegger has come under attack in the press for his photo-opp where he took credit for something that lenders already had done.

by Jenifer Fernandez Ancona [courtesy of Calitics - Front Page]

by Brian Leubitz [courtesy of Calitics - Front Page]

Well, I suppose juls is the one that really should be writing this, as she wrote far, far more about Arnold than really anybody in the state, certainly in the blogosphere. But directly from the, uh, what took you so long files, comes this editorial from the right-leaning LA Daily News:

But Schwarzenegger has bested even Davis in fundraising. Whereas Davis grossed $120 million in seven years, Schwarzenegger has raked in $125.8 million in only six. And like the special interests that bankrolled Davis, the special interests that are pouring millions into Schwarzenegger are no doubt looking for something in return.
***
And as long as the special interests control the state's political process, they will continue to bankrupt California(LA Daily News 11.26.07)

Of course, the LA Daily News, as a typical reactionary, fails to make that last logical leap. That if the special interests are killing us, we need clean money. What other solution is there to the problems they've outlined? Of course, they don't think as corporations as special interests, that label is reserved for unions and other organizations that support workers' rights.

[courtesy of The California Majority Report]

Calling for "bold, courageous leadership" on restoring fiscalresponsibility in California, the Los Angeles Times editorializes thatGovernor Schwarzenegger has chosen gimmicks and sound-bites in his supposed commitment to deficit reduction. Arnold has riden thehousing boom since 2003, but is now in a rut eerily similar to that ofhis predecessor. The Times is right: we need leadership. Is Arnoldready to provide it?

[courtesy of The California Majority Report]

Calling for "bold, courageous leadership" on restoring fiscalresponsibility in California, the Los Angeles Times editorializes thatGovernor Schwarzenegger has chosen gimmicks and sound-bites in his supposed commitment to deficit reduction. Arnold has riden thehousing boom since 2003, but is now in a rut eerily similar to that ofhis predecessor. The Times is right: we need leadership. Is Arnoldready to provide it?

[courtesy of California Progress Report]

By Frank D. Russo

Yesterday, the California Coalition for Civil Rights (CACCR), on behalf of over 50 organizations, sent a letter to the California Fair Employment and Housing Commission urging them to seek guidance from the Attorney General on the legality of a Schwarzenegger Administration proposal to replace judges used by the Commission to enforce California's civil rights laws.

The plans, announced in September by, drew protests from the civil rights community and a letter from 20 legislators including the Speaker of the Assembly and the President pro Tem of the Senate about the timing of the proposal which they see as contrary to law and policies set by the legislature. As we reported on Monday, the Commission, which has to approve any changes, had previously decided to seek an opinion from the Attorney General but later quietly reversed course on that decision. California State Senator Sheila Kuehl described this action in September as the dismantling of the state's civil rights enforcement body that dates back to the era of the Rumsford Fair Housing Act.

by David Dayen [courtesy of Calitics - Front Page]