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Retrospective: Pork OD Kills Water Project

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  • Retrospective: Pork OD Kills Water Project

    Dianne Feinstein might be the most corrupt elected official in California.

    Will the U.S. Senate Ethics Committee bring charges against her? Will Attorney General Holder open and investigation of her?

    No, the Bernie Madoff of California will go for re-election in 2012. Shame on us.

    "The history behind the water bond initiative removed from this year’s ballot in June and rolled over until 2012 is illuminating. It was one of the sleaziest proposals put forward in recent memory.

    It was billed as the Delta Vision, but the vision put forward by Arnold Schwarzenegger and other key peripheral canal backers like Sen. Dianne Feinstein and agribusiness billionaire and water banker Stewart Resnick would have benefited its backers while costing Californians as much as $50 billion.

    On May 18, Feinstein delivered her requests for the 2010 Water Resources Development Act. Feinstein itemized the expenditures for the water bonds: over a billion dollars in federal funds related to expanding the California Water Project with peripheral canals to carry water from the Sacramento-San Joaquin Delta to commercial developers in Southern California. One of the projects itemized by Feinstein was the Syphon Reservoir Recycled Water Storage Project at a cost of $60 million.

    Syphon Reservoir is owned by the Irvine Ranch Water District. Feinstein’s letter closed with the following declaration: “I certify that neither I nor my immediate family has a pecuniary interest in the items that I have requested, consistent with the requirements of paragraph 9 of Rule XLIV of the Standing Rules of the Senate.”

    A blue ribbon panel focused on the issue and appointed by Governor Arnold Schwarzenegger was stacked with corporate insiders with a financial stake in the process, including representatives from TPG Capital, one of the world’s hugest venture capital corporations. TPG Capital is partly owned by Richard C. Blum, Senator Feinstein’s husband.
    "


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