87 Gets 86'd.

Well, $150 million later, Prop 87 is toast. The pro-87 guys are already grousing about all the money the "oil companies" put into the campaign, but they apparently forgot that Steve Bing was writing some big checks of his own and about the whole "Bill Clinton broadcast assault." (And, for good measure, let's not forget that the Hollywood crowd weighed in too.)

Bottom line, this was terrible legislation that begat a ridiculously expensive campaign because BOTH SIDES kept upping the ante. This only reaffirms my belief that ballot initiatives are bad news-- we have an elected legislature to pass laws and a governor to sign them, why do we need ballot initiatives?