Friday, September 22, 2006

New Biggest Waste of Hard Cash

Movie producer and real estate heir Stephan Bing donated $40 million to Prop 87. Why is this a waste you ask? 87's opponents have been on the air for weeks now and struck some hard blows against the measure. Even if gas prices have receded a bit by November, the high cost compared to historic prices will surely make voters hestitant about pulling the lever for 87. And, of course, one would be remiss to ignore the fact that with $40 million in the bank, one could finance some of the technological innovation sought by 87.

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