Most inopportune referendum
Not to belabor the politics, but 'tis the season. Montana must get the award for the Least Likely to Pass ballot initiative in this Tuesday's election: "C-44: Investment of Public Funds in Private Corporate Capital Stock."
This would amend Montana's constitution to allow up to 25% of government funds to be invested in the stock market.
I think there should be a pool on the number of votes this brilliant proposal will attract. Any guesses?
UPDATE: The final tally was an astonishing 26.4% in favor of investing public funds in the stock market. At least, it seems astonishing until one remembers that this number is almost exactly President Bush's current approval rating. One assumes these two groups of La-La Land voters are fairly strongly overlapping.
Labels: politics
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