Proposition 10. The "Send Money to T. Boone Pickens" Initiative

Proposition 10 is the chance of a lifetime, for Mr. Boone Pickens (who financed the Swift Boat ads against Kerry in 2004 and wants to make billions off Californians to do who knows what in future campaigns).

Mr. Pickens has plopped 1.5 million to get his initiative on the ballot, but stands to make 1 billion or more off Californians.

The basic ideas are interesting, but Pickens stands to gain too much from the Measure and we are obligated to subsidize new automobile purchases for people who come to California just to buy a car and then return home,

I had heard about the "Send Money to T. Boone Pickens" initiative before, but Thomas Elias of the Pasadena Star-News has a good explanation of how this works in "Prop. 10 a 'windfall' for Pickens - not state budget".

To see the donations supporting  Proposition 10 see California Secretary of State Deborah Bowen's Prop 10 site here.

From Elias' article we learn that Clean Energy Fuels Corp and most likely entities just called "Clean Energy" are Mr. Pickens' companies.  You may notice that other donors are also energy companies that would likely benefit as well.

This is another illustration of why California needs to put it's foot down and say only Californians can donate to Californian proposition campaigns.  It's our state.  It's our money.