Don't say Governor Arnold Schwarzenegger is not giving his all to help California right its fiscal ship-of-state. In an effort to raise more money for surplus state goods offered for sale on EBay (EBAY), Craigslist and other Web sites, the famed "Governator" has offered to sign any item that is sold. The idea is that any item -- be it a surplus chair, desk, table, computer screen, or even a car -- will be worth more with his John Hancock.
According to the Associated Press, Schwarzenegger has already autographed 15 car visors of unused state vehicles in an effort to increase their selling price. As outlandish as the tactic sounds, it has previously borne fruit: earlier, a signed leather jacket with the governor's seal sold for $30,000.
Schwarzenegger, a world champion body builder and highly successful actor, told The New York Times on Friday that, "This is a win-win for the state and shoppers." He had previously ordered a similar sale in 2004, just after being elected.
State officials estimate the sale will net about $1 million -- while not a small sum, it is infinitesimal compared to the $10.5 billion the state needs to borrow to get through the current fiscal year. While recognizing the modest revenue generated from state auctions, state budget watchdogs nevertheless argued that the principle or intent, is the important dimension. "The sale may be mostly symbolic," said Jon Coupal, president of the Howard Jarvis Taxpayers Association, told The Los Angeles Times Friday. But "if this is the beginning of taking a . . . thorough review of our property management practices, it's a good thing."
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