• California's Financial Troubles, Just Like All the World's Problems, Can Be Solved with Hollywood's Movie Magic

    When you've hired the guy who is most famous for being a time-traveling robotic killing machine to run your state during the worst financial crisis of its history, these are the types of executive decisions that you can expected to get executated

    Gov. Arnold Schwarzenegger has announced the first 25 film and television productions to qualify for California's production incentive, less than a month after the state started accepting applications for the funds…

    The state's five-year, $500 million tax credit program covers 20% of below-the-line expenses for productions of up to $75 million. It can be sweetened to 25% of expenses for indie feature productions of up to $10 million — and for all existing TV shows that relocate to California. The state Legislature approved the production incentive program in February as part of a massive package of $12 billion in tax hikes.

    I don't know. This all seems like a bad idea to me. I can't even begin to imagine what good could possibly come from this reckless gambit…

    The list has several recognizable feature projects including "Beverly Hills Chihuahua 2" [and] "Naked Gun 4"

    What can I say? I have never been more wrong in my life.

    Thank you, Governor Schwarzenegger, for ensuring continued meaning in an otherwise harsh and unfriendly universe.


    Tags: Arnold Schwarzenegger, California, Economy, Movies

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