Unions Control the state of California

The Sacramento Bee have a long article on how California is controlled by a bunch of unions:

According to the secretary of state's office, public employee unions this year have created more than 180 political fundraising committees that are raising and spending money by the tens of millions to defeat four ballot initiatives supported by Schwarzenegger.

Mostly, the money's been spent ripping into the Republican governor and knocking his approval ratings below 40 percent - illustrating once again the political power of public employee unions that have scored major victories over the years on matters ranging from school funding to the salaries of correctional officers.

"Up until the end of 1998, public employee unions were among the most powerful special interests in California," said GOP political consultant Mark Bogetich. "Since that time, they have spent tens of millions of dollars and now own the California political system lock, stock and barrel. And unfortunately, taxpayers are going to get stuck paying the bills for decades to come."

The California Teachers Association has so much extra money sitting around they've spend $50 million dollars attacking the current Governor.Do you really want to be a long term holder of California municipal bonds??