The Ongoing CRC Cluster Failure

So I was reading through some articles and somehow I’ve missed this one. It appears the politicians haven’t paid any attention to the state treasurer. The House & Senate didn’t say a thing to the state treasurer who testified that many problems still exist. To quote Wheeler,

“The project costs haven’t been nailed down,” Wheeler said. “There are a lot of question marks, including whether the federal funds will materialize. We’re concerned about the governance model if the tolls don’t pan out. The Coast Guard hasn’t signed off on the height yet, so we don’t know what revisions will be necessary.”

When asked if he’s given a seal of approval to the bridge,

“No, we have not.”

So it really makes me wonder what nonsense the pro-CRC crowd keeps chirping on about. They must seriously be well funded to have pro-CRC people shilling out on a Facebook Page and other presence points on the Internet (when obviously the PEOPLE of the area don’t want the thing).

To throw in another quote about the legislature, they seem to be aiming for union & business support, they’re obviously not asking the citizenry (who until recently has found it odd that this thing was still alive as a project).

“The Oregon Treasury deals in investment-grade analysis, the Legislature in superficial votes that curry favor with unions and the project’s supporters in the business community.”

Then in regards to the Governor. It just keeps becoming an even larger political boondoggle.

“The governor? He’s in bed with the wrong crowd.”

Then later on, a real summary quote,

“Let’s be glad the Legislature, so easily cowed or bought off, has moved on, clearing the way for a more aggressive review in Washington state and more thorough analysis by the Oregon Treasury.”

“When it comes to doing our job,” Wheeler said, “so that if we issue bonds, we have certainty that the bondholders will be paid back and the taxpayers won’t be at risk, that requires a deeper analysis than what the legislative process prescribes.”

So I guess Wheeler is looking out for the state. The political leaders recently elected to the legislature in Oregon sure as hell aren’t paying attention to those they represent.

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