Mayor Sam's Hotsheet for Monday
We started the weekend with two candidates for Mayor and could wind up with five real soon. As noted here, joining current declared candidates Antonio Villaraigosa and Walter Moore, Friday evening longtime community activist David Hernandez announced his candidacy. Sunday Zuma Dogg declared his candidacy and proceeded to lay out his platform on his blog. And finally, longtime developer and civic leader Rick Caruso sure made it sound like he was going to run at Friday night's Lincoln Club dinner where he was presented with the 2008 Spirit of Lincoln Award by local Republicans.Speaking of the Mayoral election, former President Bill Clinton hosted a fundraiser for Mayor Villaraigosa Saturday at the home of record producer Clarence Avanat. According to the Daily News' Rick Orlov, Clinton threw his endorsement behind Villaraigosa saying "Whether it's rescuing the city's lowest performing schools, putting 1,000 cops on the street, taking on the gang problem or transforming LA with a path-breaking environmental agenda, Antonio has laid a foundation for fundamental change in the City of Angels." Is the President talking about OUR Antonio? Just wanted to check.
Speaking of some of the collateral damage of the Clinton Administration, the New York Times via Street Hassle identifies Clinton Housing Secretary Henry Cisneros as a chief player in causing the housing bubble. Cisneros was one of the chief proponents of the failed policy of encouraging those who could not afford mortgages to get them, as promoted by everyone from Clinton to Maxine Waters to George Bush to Barack Obama and Fannie Mae/Freddie Mac. Cisneros, a poverty pimp who has parlayed his government service into corporate millions, should be ashamed of himself.
Yet another reason to vote no on the Mayor's transit tax scam, Measure R: the MTA could be facing potential bankruptcy. In the last twenty years or so, the MTA made a number of deals with investment groups to buy its buses, rail cars and other infrastructure in exchange for cash and then the MTA would lease the equipment back. The problem is that the MTA contracted with in-trouble financial services firm AIG to guarantee the leases. With AIG out of funds and near collapse, MTA is on the hook to pay billions in leases to the investors. MTA doesn't have the cash to cover this so cuts in service are certain.
And finally we welcome a new contributor to Mayor Sam's Sister City, Donna Barstow. Donna, who writes the Griffith Park, Interrupted Blog has been a cartoonist for the New Yorker, LA Times, Glamour, Barron's, WSJ, and several other publications. lots more. Barstow is the cartoonist for Parade Magazine and is the author of the books What Do Women REALLY Want? Chocolate!, and Love Me or Go to Hell. Donna describes herself as "Picky eater, great friend, curious observer, elitist artist, midnight writer, voracious reader, omnivorous chocoholic, impatient driver, and so-so lover." Donna will be writing about a number of issues and topics ranging from Griffith Park to Dancing With The Stars. Welcome Donna!
Labels: aig, Barack Obama, bill clinton, david hernandez, George W. Bush, henry cisneros, maxine waters, mayor antonio villaraigosa, mta, rick caruso, rick orlov, walter moore, zuma dogg



