Word is that Governor Jerry wants to eliminate Municipal Redevelopment Agencies as part of his efforts to clean up California’s fiscal disaster. I believe this is akin to shutting off the water while trying to put out a fire. Can this be anything but further evidence that most career politicians don’t understand business, finance, or economics. I guess they have to learn the hard way. Though it seems that when politicians are learning, the lessons are hardest on us, and not them. Eventually, when The Great Recession is receding in our rear view mirror, I hope that we’ll all be a little wiser, and just just a little older.

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