Arnold Schwarzenegger is fond of quoting Milton Friedman but he rejected fiscal conservative idea to cut spending

Photos and Pictures - Arnold Schwarzenegger and Maria Shriver with family
at a day with
 
Photo of Arnold Schwarzenegger, Maria Shriver and their family at the Los Angeles Premiere of “The Benchwarmers,” presented by Columbia Pictures.

Arnold Schwarzenegger, Maria Shriver and their family photoArnold Schwarzenegger, Maria Shriver and their family

Transcript from the opening introduction to the film series “Free to Choose” by Milton Friedman, but did Arnold abandon the principles of Friedman?

Hi, I am Arnold Schwarzenegger. I would like a moment of your time because I wanted you to know something. I wanted you to know about Dr. Milton Friedman’s TV series, Free to Choose. I truly believe that the series has changed my life. When you have such a powerful experience as that, I think you shouldn’t keep it to yourself, I wanted to share it with you.

Being free to choose for me means being free to make your own decisions; free to live your own life; pursue your own goals; chase your own rainbow; without the government breathing down on your neck or standing on your shoes. For me that meant coming here to America. Because I came from a socialistic country in which the government controls the economy. It is a place where you can hear 18 year old kids already talking about their pension. But me __ I wanted more. I wanted to be the best __ individualism like that is incompatible with socialism. So I felt I had to come to America. I had no money in my pocket, but here I had the freedom to get it. I have been able to parlay my big muscles into big business and a big movie career. Along the way I was able to save and invest and I watched America change and I noticed this __ that the more the government interfered and intervened and inserted itself into the free market, the worse the country did. But when the government stepped back and let the free enterprise system do its work, then the better we did, the more robust our economy grew, the better I did, and the better my business grew, and the more I was able to hire and help others.

Okay. So there I was in Palm Springs, waiting for Maria to get ready so we could go out for a game of mixed doubles. I started flipping through the television dial and I caught a glimpse of Nobel Prize winner, Economist Dr. Milton Friedman. I recognized him from the studying of my own degree of economics in business, but I didn’t know I was watching Free to Choose __ it knocked me out. Dr. Friedman expressed, validated and explained everything I ever thought or experienced or observed about the way the economy works. I guess I was really ready to hear it. He said, the economic race should not be arranged so that everyone ends at the finish line at the same time, but so that everyone starts at the starting line at the same time. Wow! I would like to write that one home to Austria. He said, that society that puts equality before freedom winds up with neither, but that society puts freedom before equality, we will end up with a great measure of both. Boy, if I would have come up with that one myself, I maybe wouldn’t have had to get into body building.

When I did beef up my body building, at business school, of course it started with what Thomas Jefferson believed and what Adam Smith thought, even what Milton Friedman had to say __ I would be free to choose __ it all came together. Their economic thought with my own personal experience, and in a way I felt that I had come home. I sought out Dr. Friedman and had great pleasure and privilege of meeting him and his economist wife, Rose, and we have all become friends, and now I call him Milton. Then I became a big pain in the neck about Free to Choose.

All my friends and acquaintances got the tapes and the books for Christmas after Christmas, all the way through the Reagan years when I was able to tell them all __ you see, Milton is right. And I think it’s crucial that we all keep moving in the same direction, away from socialism and to its greater freedom and opportunity. That is why I am so excited that Milton Friedman is updating Free to Choose, bringing it into the 90’s by discussing how to deal with the drug disaster, the chabain phenomenon, and of course, the miserable failure of communism. By the way, there are plans now to translate Free to Choose into the languages of the Soviet Union and Eastern Europe. And you know, they really need it to guide them through it __ to take the first walk toward freedom. But we need it too.

I commend to you the new television series Free to Choose and encourage you to walk into the 21st century in freedom, in opportunity and in success, with Dr. Milton Friedman.

Thanks for listening.

_________________________________

[Milton Friedman]
Milton Friedman, prior to his retirement from the University.

 

________________________________________________

Below is a portion of an article from Reason Magazine:

Schwarzenegger’s Failure

If the California governor is the face of “moderate” Republicanism, the party is even more doomed than the 2008 elections suggest.

from the February 2009 issue

The promise of coastal Republicans in Name Only like Schwarzenegger, at least for the limited-government proponents (including me) who have invested hope in him over the years, was supposed to be that the descriptor socially liberal would be followed by another very important phrase: fiscally conservative. And that’s where the Milton Friedman–quoting governor has been an unalloyed disaster.

Schwarzenegger blew into office decrying California’s bloated budget, vowing to “blow up the boxes” of Sacramento’s bureaucracy, and promising to never again let the Golden State go near Gray Davis’ record-setting $38 billion deficit. Five years into the Schwarzenegger era, the budget has ballooned from $100 billion to $145 billion, and the state’s legislative analyst announced in November that California was facing a deficit of $28 billion. Bond market ratings assess the state as a bigger lending risk than Slovakia. And those bureaucratic boxes have remained largely intact.

How does Schwarzenegger defend this sorry record? In part, by blaming Republicans. “I think the important thing for the Republican Party is now to also look at other issues that are very important for this country and not to get stuck in ideology,” he said on CNN five days after the election. “Let’s go and talk about health care reform. Let’s go and…fund programs if they’re necessary programs and not get stuck just on the fiscal responsibility.”

What are some of these “necessary programs”? How about a $9.9 billion bond for a long-dreamed-of high-speed rail project between Los Angeles and San Francisco that is expected to cost at least $45 billion, which even supporters such as the Los Angeles Times editorial board think will require “many billions more” in subsidies? Then there’s the $3 billion bond from 2004 to put California bureaucrats in the stem cell research business, mostly as a poke in the eye of George W. Bush.

How to pay for all this during what the governor has declared a “financial emergency”? Partly by rattling the tin cup outside the White House. Schwarzenegger was one of the first governors to hit up Washington for some of that fat bailout money gushing from the Oval Office.

But the spending splurge also requires new taxes, according to the governor: a “temporary” 1.5-percentage-point increase in the 7.25 percent sales tax, an increase in the number of services covered by the sales tax, higher taxes for alcohol and oil production, and so on. Many analysts believe that the governor who quickly fulfilled his recall-campaign promise to cut the state’s vehicle license fees will soon resort to restoring those charges to at least Gray Davis levels.

Even on social issues, where Schwarzenegger’s more libertarian approach was supposed to avoid the Republican trap of freedom constricting politics, the governor instead has embraced the freedom-constricting policies of the left. To cite one particularly ironic example, in 2004 he signed a law requiring every California employer with more than 50 workers to force upon its managers state-approved sexual harassment training.

Republicans in 2009 are in a mess of their own making. If they interpret the Democrats’ sweeping victory as a clarion call to foray further into religiously inspired, Terry Schiavo–style politics that uses government as a lever to manipulate and control other people’s lives, then they will deserve their exile from power.

But it will take more than just eschewing cultural conservatism and adopting the Democrats’ interventionist economic approach to refresh the Republican brand. There is room right now for an opposition party that emphasizes what the governing party does not: freedom, as both the ultimate goal and the means to achieve it.

Back when he was taping testimonials for Milton Friedman’s Free to Choose, Arnold Schwarzenegger looked like the kind of person who would indeed choose freedom if given a chance to govern. Instead, he punted on the radical, government-reducing reforms offered to him by his own box-exploding California Performance Review and learned to love—or at least perpetuate—the very bureaucracy he was elected to confront. That’s not a blueprint for 21st-century Republicanism. It’s just George W. Bush’s big-government conservatism with a Hollywood face.

Matt Welch is editor in chief of reason.

Katherine Schwarzenegger Governor Schwarzenegger goes to cast his vote on election day with his wife Maria Shriver and their daughters Christina and Katherine (her first time voting), at the Kenter Canyon elementary school in Brentwood.
The Schwarzenegger Family Voting

Governor Schwarzenegger goes to cast his vote on election day with his wife Maria Shriver and their daughters Christina and Katherine (her first time voting), at the Kenter Canyon elementary school in Brentwood.

(November 4, 2008- Photo by FlynetPictures.com)

I have written many times about Arnold Schwarzenegger before. Here are just a few of the times:

1. President Reagan having a photo taken with Arnold Schwarzenegger at the Republican National Convention in Dallas, Texas. 8/23/84.

2.Here is a video clip of Arnold Schwarzenegger using an Airlight
Broom
as a prop for “cleaning house” in the California Recall
Election as seen on CNN, ABC, CBS, NBC, ect in 2003. The
Airlight Broom is manufactured by Little Rock Broom Works.

3. I heard John Fund of the Wall Street Journal speak in Little Rock on April 27, 2011 and in his speech he mentioned the struggle that Arnold Schwarzenegger had with the envirnomentalists in California. I took time to repeat a lot of the facts about that in my blog post that day.

4. At that same luncheon on April 27th that I mentioned earlier, one subject that John Fund brought up was the red tape that Arnold Schwarzenegger had to deal with in California. I wrote about that too.

5. St. James Palace has confirmed  that Kate Middleton and Prince William – or, more officially, the Duke and Duchess of Cambridge – will be visiting California from July 8-10 this summer. Former Governor Arnold Schwarzenegger is expected to greet the Royals as they touch down.

6. Which is better for setting up a business: California or Texas? Arnold Schwarzenegger is mentioned in this post too.

7. Arnold Schwarzenegger is fond of quoting Milton Friedman but he rejected fiscal conservative idea to cut spending.

8. Pictures of Arnold Schwarzenegger and Maria Shriver through the years. Video clip of them at Ronald Reagan’s funeral.

9. I wrote a post on American Exceptionalism and put in a video clip of Arnold Schwarzenegger doing the introduction to an episode of “Free to Choose.”

10. Will Maria Shriver’s marriage survive Arnold Schwarzenegger’s admission of  infidelity? I hope so (Part 1).

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