February 25, 2008

CA has set up a $5.6 million fund to retrain laid off mortgage brokers. I didn't know drug dealing, used car selling and stripping needed training


And $5.6 million - isn't that about $1 per laid-off REIC ramen eater?

Hat-tip to blownmortgage for the link

Gov. Schwarzenegger Announces Actions to Jump Start California’s Economy through Job Creation, Offset Housing Slump

The Governor also announced that the federal government today awarded up to $5.6 million to help mortgage and banking industry workers laid off as a result of the subprime crisis make career transitions to high-demand jobs in other industries.

34 comments:

Frank@Scottsdale-Sucks.com said...

Schwarzenegger deserves the title of "Worst Governor Ever - in ALL states" - all he does is whine and cry about the massive budget deficits, then turns around and gives away more free money to undeserving people through shady programs like this.

eric in vegas said...

How long could it take to learn how to work a cash register?

Anonymous said...

I thought CA was broke.

Back in OC in 2012 said...

Complete BULLSHIT! Most if not all of these people were treated as 1099 contractors. They are/were not employees of the brokers' offices. Hey Arnold, when the govt. passes a flat tax can I get 20 years salary because I am an accountant and I do not want to be considered "not economically viable."

Give me a break, there is work - ever hear of manual labor??? Shit, if the government is going to give money to the unemployed REIC, at least make them earn it. At a minimum, make them collect aluminum cans.

Anonymous said...

Dear Keith,

As representatives of the American Association of Pole Dancers and Strippers, we respectfully request that you immediately cease and desist from equating our dedicated adult entertainment professionals with realtors and mortgage brokers.

We do have standards, and being a former or current whore disqualifies you from membership.

But yeah, keep equating them with bartenders. Those bastards water down our drinks, too. Hate 'em!

Thanks, and BTW, we appreciate all the fat tips you've handed out over the years! You're one of our favorite clients, Keith!

Tiffani and Brandee
Executive Directors

the_truth_hurts said...

To train to do what?!? America has no more bubbles and, ergo, America creates no more jobs. IT workers are getting paid about the same as they did in Y2K, 8 years and 80% rise in inflation later.

In our global age, the idea of the value of labor (as opposed to capital) is just an illusion propigated by politicians. Sure, we will always have some good jobs - but your kid's generation will fight tooth and nail to see which of the privledged 15% get whatever decent jobs are left.

If you think the other 85% of the young will be buying million dollar houses, you are more foolish than GW.

Anonymous said...

These kinds of people will always be looking for the next big easy money occupations.

If they have huge bills, forget about it... bankrupty here they all come.

christiangustafson said...

Can they pick lettuce?

Go GO Arnold... said...

Want fries with that? will become:

Spit or swallow?

$5.6 million for something they should know already...

Priceless

Geek said...
This comment has been removed by the author.
graw thy ankles said...

How many stripper poles will 5.6 million buy? How about a bartendars manual?what about a manual on how to say, would you like fries w/ that?

Stuck in So Pa said...

I can't imagine any hiring manager of a company that has a "high demand" job giving it to a realtor.

It's not like the realtors were Fortune 500
execs who one day decided to sell houses for a living! Realtor is the highest (lowest?)level of expertise they ever attained.

Back to waiting tables a$$holes!

Anonymous said...

Keith - really...a stripper pole? How many realtors have you met that you would actually want to see in a giggling in a thong...and pay them for it!? I think of the ones I've met and there is no way in hell that would be possible!

Anonymous said...

Did hi-tech workers get the same treatment during the dot-com bust?

Anonymous said...

Loan officers and real estate agents are nothing but salesmen. Sales jobs are always in demand. American companies are always in need of good liars and con artists to sell their crap to the gullible middle class.

Besides these people made large amounts of money during the boom. Why should they get help?

Mark in San Diego said...

Oh Arnold!!! The state is now 15 BILLION in the red, and you want to spend more money - and to think I supported you. . .quit listening to Maria, and become the fiscal conservative Republican you used to be.

Anonymous said...

Im a programmer where was my bailout during the dotcom crash.

Anonymous said...

"isn't that about $1 per laid-off REIC ramen eater?"

Yeah but they're used to getting paid in ones.

Max said...

I cringe when I hear "jump start the economy". The idea has been heavily abused in the last few years.

We don't need to jump start the economy. What we need is to get rid of crooks in the government. We also need to care about the competitiveness of the economy. It is sad to see how education is becoming more and more expensive and the dumbing-down of the masses continues full-force - how are we supposed to be the bleeding edge of innovation with policies like this? And while the illiterate J6P watches football, his job is sent away to a more knowledgeable worker in a different country.

Not a Contestant said...

Surely this doesn't apply to The Greatest Real Estate Agent in the World.

Anonymous said...

Maybe these folks can do those jobs Americans don't want ie. picking fruit & veggies?

Anonymous said...

Strippers are generally good-looking and athletic (near gymnast shape), realtors, however, are not!

the_truth_hurts said...

Did hi-tech workers get the same treatment during the dot-com bust?

We got an extra 3 months of unemployment during the .com bust.

BUT - the US government was rapidly importing foreign tech workers during the entire .com bust!!!!!!!

Thats when I stopped givin' a sh*t about America. You'd have to be a fool, if you are in the tech industry and don't feel likewise.

And by the way - I've worked with foreign tech workers. They cannot think critically like Americans. They are worse than college grads!

Anonymous said...

"And by the way - I've worked with foreign tech workers."

The current generation, yes, but back in the 60s to 80s, they were the best and the brightest of eastern Europe and Asia. I guess the fact that the companies actually needed to apply for a green card, within a certain time period, made them choose judiciously than just anyone who'd take a lower pay.

BMW driving sex machine said...

"We do have standards, and being a former or current whore disqualifies you from membership."

Yahhh sure..........

Barak Hussien Obama said...

Anonymous said...
Strippers are generally good-looking and athletic (near gymnast shape), realtors, however, are not!

"I have a dream. I believe in hope and change. If elected president, I believe that on a healthy diet of ramen, even the most out of shape realtor will be able to one day proudly work a stripper pole. The audacity of hope and stripper poles will make me proud of america once again."

Anonymous said...

Only a Republican could do such a travesty.

Anonymous said...

>> Im a programmer where was my bailout during the dotcom crash.

You better get off this interweb thingy, code-monkey, and start churning out your 100 bug-riddled lines/day. We've got about 1000 folks in India ready to do your job for a 10th of what you're being paid.

Anonymous said...

how long could it take to learn to turn on the on switch of an MRI machine.....2 years and 40,000...? push switch....

Anonymous said...

Maybe Arnold can use his influence to make all the game shows that originate in LA only select ex REIC people as contestants. Wheel of Fortune, Lets make a deal, Price is right and my favorite Are you smarter than a 5th grader. Hey, it beats using taxpayer money to retrain these people.

Anonymous said...

Did hi-tech workers get the same treatment during the dot-com bust?

Of course not. We just fled that overtaxed, overpriced, teeming, crime-ridden socialist hellhole on a faultline state and found real jobs in other parts of the country.

I pity the people who are still stuck in the Bay Area, slaving away to pay their $12,000 property taxes on their 2BR condo apartments and hoping that the Big One isn't hitting hard since they cannot afford quake insurance.

Anonymous said...

"I pity the people who are still stuck in the Bay Area"

It's a real perplexing place because I don't understand how anyone, who isn't independently wealthy (see retired east coasters in search of a warmer Bostonish-looking town, Hollywood/entertainment types [ i.e. Metallica ], owners of tech companies [ i.e. Larry Ellison, though not his workers ], etc) can survive in the Bay area. The region is overpriced and isn't really a significantly "happening" spot, besides the vistas from the GG bridge, which distinguishes it from any other parts of the country. I mean let's be real, every major city's got a symphony and Metallica does tour the nation, from time to time and Fisherman's wharf is a joke if that's suppose to be a major attraction.

Anonymous said...

Concerning San Francisco's so-called Fisherman's Wharf:

http://www.sanfranciscovisitor.com/fish.html

Whoopdeedoo! Seals on a pier, so what?

Now, let's get to a real cultural center, Boston:

http://www.neaq.org/special/sealprogram/play.html

Here, you get to actually interact with the seals. Other than the Monterey CA aquarium, the Bay area isn't some sort of maritime wonderland, just a view from the Bridge which everyone already harps about but isn't worth one's entire life's earnings just to live next to.

For the most part, San Francisco has the best Asian cuisine in the USA, outside of Hawaii and perhaps, SoCal. And that's all it has. Now, how much does it cost to retire in greater Toronto for a similar quality of international cuisine, and now not limited to Chinese and east Asian recipes, 50% less?

If you're originally from the east coast, retire in your choice city/region: DC, Phila, outer NYC burbs, Boston, Burlington VT, Portland/Bangor and then use the additional savings to fly out to the Caribbean for the winter. That'll solve all your needs and you'll be close to friends and family.

Anonymous said...

Here's the scoop:

During the 60s, LA/San Fran >> east coast/midwestern cities, and here's why... people were freer there and there wasn't this deep seated ethnic rivalry, (Slavic vs Anglo-German vs Celtic vs Italian or Catholic vs Protestant), so California was an authentic melting pot (albeit, a caucasian one) over the eastern seaboard. This was the age of the Frankie Avalon films, nicely capped off with American Graffiti.

Now, due to the expansion of America's hispanic populations, [ where one group speaks Spanish and others not ] there's no more my white enclave is better than yours [ outside of a few useless Knights of Columbus lodges only populated by 80-somethings ] anymore so places from New England to DC have caught up with the California dream w/o the weather.

The all whites are created equal is fully continental so effectively, an American caucasian can feel at home in any area minus SoCal and Miami where being a native Spanish speaker is of greater importance.

So that brings us to the 2000s where people, who buy RE in Cal, are living in a fantasy of yesteryear and can't deal with the realities of modern life.