This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Prop 33 Hurts Consumers - 40 Newspaper Editorials Say Vote NO

SACRAMENTO, Nov. 4, 2012 /PRNewswire-USNewswire/ -- Forty newspaper editorial boards oppose Proposition 33, an auto insurance rate hike proposal funded by billionaire George Joseph, owner of Mercury Insurance.

Editorial pages decry Prop 33 as an abuse of the ballot by a billionaire to benefit his company at the expense of millions of consumers. They warn that Proposition 33's premium rate increases would make insurance less affordable, resulting in more uninsured motorists on our roads.

George Joseph has spent $17 million on Prop 33. Two years ago, voters rejected a nearly identical Mercury Insurance-funded measure. Editorial pages urge readers to send a loud message that "no" means "no" by defeating Prop 33 in a landslide. A sample of No on Prop 33 editorials:

Sacramento Bee: "Prop 33 is an old jalopy with a new coat of paint."

San Diego Union Tribune: "No on Prop 33 – it's just not fair."

Los Angeles Times: "Raising the cost of coverage for those without insurance doesn't help anyone on California's roads. Voters should reject Proposition 33."

San Jose Mercury News: " California voters should vote no on Proposition 33 on Nov. 6 in such large numbers that Joseph never tries to dupe Golden State residents again."

San Francisco Chronicle: " California's compelling public-policy interest is to make sure that drivers are insured. Keeping rates affordable advances that goal. Vote no on 33."

Bakersfield Californian: "State's drivers don't need Prop 33."

Stockton Record: "Don't let Prop 33 fool you."

Santa Rosa Press Democrat: "No on 33. This retread is no bargain."

Riverside Press Enterprise: "a retread of a special-interest measure voters rejected two years ago. The new version deserves the same fate; voters should just say no to Prop. 33."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs