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- December 22. 2008: "Nothing Is Free"
- December 15. 2008: America Going Chinese
- December 14. 2008: Good Money After Bad, Redux
- December 10. 2008: What? Are They Nuts?
- December 8. 2008: Throw Good Money After Bad
- December 8. 2008: Bombing Out
- December 1. 2008: The Russians are Coming! The Russians are Coming!
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Archive for the Throw Da Bums Out Category
Good Money After Bad, Redux
December 14. 2008 by Dick.
The news reported that the automaker CEOs will return to testify again this week
The President-elect will “pay close attention” to what the CEOs say. Barney Rubble plans to beat them up again no matter what the Congressman said on 60 Minutes. The Toyota Republicans say we ought not let Congress mess with a free market economy.
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There is a timeworn and well known joke: An older and particularly odious man approached a beautiful woman. “Would you sleep with me for 700 billion dollars?” he asked. “Oh, I have to think about that. Yes!” she said. “Would you sleep with me for one dollar?” he asked. “Never! What do you think I am?” “Madam, we have already established that. Now we are simply negotiating the price.” |
We ought not let Congress mess with a free market economy??? Sorry, folks, that horse has long since left the barn.
Posted in Quickies, Throw Da Bums Out, Cars, Politics, Big Thoughts, Random Access | 2 Comments »
Throw Good Money After Bad
December 8. 2008 by Dick.
Congress critters have the right to free speech. They also have the right to remain silent. There is a message there to those who would listen.
Senator Christopher Dodd (D-CT), is a lawyer and Chairman of the Senate Banking Committee. Representative Barney Frank (D-MA), is a lawyer and Chairman of the House Financial Services Committee.
“With regard to the automobile industry, certainly we should not throw good money after bad,” Senator Dodd said, “nor should we subsidize ineffective performance and inefficient production.”
Thank you, Senator, for that insightful, positive, and critical decree.
I need to analyze the players a bit before I get to the main point of this piece.
Senator Dodd and Representative Frank make the perfect pair. Combined, they are the Barney Rubble of the United States Congress.
I looked at the $700 billion Barney Rubble campaign finance bill and it is indeed an interesting pattern. See, Barney Rubble specifically enabled the formerly illegal activities that lead us into the “mortgage crisis,” then rejected all attempts to get Fannie Mae and Freddie Mac under control. Barney Rubble has blocked expanding domestic oil production because it is bad for us. (As an aside, Saudi oil minister Ali Al-Naimi told 60 Minutes last night that he is bullish on oil’s future and that expanding domestic oil production here is bad for us.) Barney Rubble did plenty more but you can Google it yourself.
I have been noodling about how this perfect storm of a financial crisis hit. Few scientists, fewer engineers, and no forensic guy believes in coincidence. It is almost impossible to believe that sheer happenstance conspired to put crooks in the banks, burst the housing bubble, jack oil prices, and more all in the same few months.
Somebody did it on purpose.
I nominate Barney Rubble.
Has our hero ever held a real job? Made anything with his (collective) hands? Yes, I used collective on purpose. Barney Rubble gave away $700 billion in handouts with scarcely a whimper but when three actual manufacturers who are the end source of more than a third of this country’s jobs asked for just five percent of that in loans, Messrs. Rubble know, absolutely know, that Congress needs to micro-manage the supplicants.
Boy, do I feel better about my tax dollars now. Congress gonna protect me from those evil auto makers.
Why?
My friend “Bob” posited the question, “Anyone know how to find which politician got money from which source?
“My guess is,” he said, “you will find that the car companies haven’t been making their proper political contributions like the lads on Wall Street.”
Christopher Dodd has received $21,202,690 in contributions. His top contributors include security brokers and investment companies, lawyers, the insurance “industry,” banks, investment banks and hedge funds, and, of course, lobbyists.
Barney Frank has received only $4,231,044 in contributions. [Piker.] His top contributors include lawyers, UBS Americas, Brown Brothers Harriman & Co, JPMorgan Chase, Ernst & Young, the Credit Union National Association, and Independent Community Bankers Of America.
“Bob” was right. Not a single car company on the list.
Money doesn’t buy influence, right? Our Congress Critters would never sell their votes, right? Right?
To paraphrase “Bob,” if you pay off Barney Rubble, he treats you right. If you diss him, he burns you. Just like the Mafia. Our Congress.
Main Point: Starting today, certainly we should not throw good money after bad, nor should we subsidize ineffective performance.
Not one single Representative or Senator has offered to work for $1 per year. The car company CEOs are.
Not one single Representative or Senator has offered to give up their aircraft. The car company CEOs are.
We are doomed. Sell your automobile stock right now. Representatives Nancy Pelosi and Barney Frank held a news conference today.“Come March 31,” Speaker Pelosi said, “it is our hope that there will be a viable automotive industry in our country with transparency and accountability to the taxpayer.” Under the plan, automakers will be given $15 Billion in loans. That’s a win–win for Congress. Barney Rubble can say “We did all we could but they screwed the pooch.” Sure enough. Since $15 billion is less than half what the companies need to weather the crisis, they might as well fold their tents now. “How could you possibly accept the same management to run restructured companies that have driven us into the ditch we are in?” Senator Dodd asked. Was he talking about the automakers or the Congress? Paraphrasing Senator Richard Shelby (R-AL), The model of this Congress is failure. This Congress has already failed and should we rescue them? I say no. |
Senator Dodd almost said it. Starting today, with regard to the United States government, certainly we should not throw good money after bad, nor should we subsidize ineffective performance.
Thanks to Senator Dodd, we don’t have to.
Say, hey, IRS. It’s been real but I’m afraid you won’t be getting any more checks this year. Senator Dodd says NO to throwing good money after bad.
And about Barney Rubble? I’ve said it before. It’s time to throw da bums out and start over.
Posted in Throw Da Bums Out, Cars, Politics, Big Thoughts, Random Access | 4 Comments »
Didya Vote?
November 4. 2008 by Dick.
The polls have closed in the East so I figure it’s safe to tell you how I voted as opposed to telling you over and over how you ought to vote. We have to whisper, though.
I voted for the old white guy instead of the young black guy or the other old white guys or all the other guys.
I know, I know, I said I was going to vote for Paris Hilton. And I did engender a brief flurry of interest in the Pick Dick campaign. I thought about Jimmy Buffett but his running mate never made the news. I would have voted for his uncle but he was never really a candidate.
Down here by the southernmost point in these semi-United States our ballots had 14 bona fide offices contested plus six judges up for retention. We also decided on six amendments to the state constitution, numbered 1 through 8. It’s Florida. Go figure.
I didn’t count how many candidates there were in total but 13 people wanted my vote for President. We have now elected a Congress critter, a state attorney, a state representative, a Sheriff, a property appraiser, the superintendent of schools I wrote about earlier, the supervisor of elections, three county commissioners, and two members of the mosquito control board.
The Mosquito Control Board is a big deal here simply because mosquitoes are. Here, that is. The Board controls about a gazillion dollar budget but no longer flies the old fleet of DC3s at treetop level to scare the mosquitoes to death. Now they drive around spraying from little pickup trucks and fly helicopters lower than Homeland Security. I did not vote for the candidate who was in jail at the time of the election. Joan Lord-Papy was one of three votes I cast for an incumbent.
Mostly I took my own advice to “Throw Da Bums Out.” The other two office holders I voted for were Congresswoman Ileana Ros-Lehtinen (R-Florida) and Property Appraiser Ervin Higgs, a Democrat. Ms. Ros-Lehtinen ran a reasonably clean campaign (a serious rarity in South Florida politics where the Diaz-Balart brothers, Raul Martinez, and Joe Garcia alone refilled Lake Okeechobee and the Everglades with mud). She may also be the only Republican who retains a seat in Congress this year if my vote has anything to say about it.
Unfortunately, every Democrat running will be returned to office, too.
The negatives were huge on both sides of the State’s Attorney contest so I held my nose and voted for the challenger.
State Rep. Ron Saunders will continue as the Keys representative. It’s nice that he seems like another of the good guys because Republican challenger Ernie Hernandez withdrew from the race in September. Hernandez was a mystery. He did not talk to reporters, attend candidate forums, or gladhand anywhere. His name remained on the ballots printed before he withdrew. The Elections Office will not count votes for Hernandez.
The Sheriff’s Office was an open seat but one candidate has served in that department for 27 years, is currently a Captain there, and got the retiring Sheriff’s endorsement. That’s as close to incumbency as it gets. I voted for the DEA guy.
Two of the three County Commission seats were open so I voted for one Republican, one Democrat, and one NPA. I figure party politics has no business on a Town. City, or County board. The Democrat I chose, Heather Carruthers, runs a “we are not gay” guest house for women only. She got hammered unfairly for that in the campaign. She has also taken the lead in reining in Citizens Insurance, the insurer of last resort who carries my hurricane insurance here at great cost to me. She seems like one of the good guys.
I’ve had trouble finding anything about the judges on the ballot. The Florida bar said their lawyers “overwhelmingly recommend” retaining all those on the ballot. Here’s how they define “overwhelmingly”: A secret ballot was mailed in August to 62,779 lawyers residing and practicing in Florida (the Bar has more than 84,000 members–I don’t know what happened to the other 21,000-odd lawyers). 4,132 lawyers participated in the poll. Yeppers, I’m overwhelmed alright.
The anti-abortion crowd asked, How does Justice Wells vote on pro-life issues? The anti-abortion crowd is, as usual, off base. He’s not a U.S. Supreme Court Justice so his position prolly doesn’t matter. More important in all the retention choices is how closely to the law did the judges hew and how well did they manage their courtrooms.
The spouse of circuit judge candidate Tegan Slaton is Public Defender Rosemary Enright; that requires him to recuse himself from cases defended by the P.D.’s office. I hated to vote against Mr. Slaton because he was the better candidate on paper, but his inability to hear the majority of criminal and juvenile delinquency cases took him out of the running.
In addition to wanting term limits for elected officials, I disapprove of changing a constitution every time the wind blows. Two amendments are life-changing.
Fortunately, Constitutional amendments need 60% support to pass.
Number 1 asks to delete the provisions that allow the Legislature to prohibit ownership of real property by aliens who cannot become citizens. In 1926, that meant Chinese immigrants. 80 years later, alien means anyone who remains a citizen of some other country.
You already know what I think of Defense of Marriage amendments. I expect Number 2 to fail here in Monroe County but this is red state Florida and it has a lot of advertising oomph around the state. The amendment failed to get enough signatures to make it to the 2006 ballot but the supporters pushed it on this year. It’s a bad amendment because it segregates citizens and because it will cost a fortune to defend.
That’s the only citizen-sponsored amendment on the ballot–the others are housekeeping, put there by the Legislature and a tax commission to “clean up” language that governs how properties are assessed: a couple of current use tax exemptions, 15 cents on the property tax to pay for the air ambulance, and the penn(ies) on the sales tax for community colleges. I apologize, but I did vote for allowing assessments based on current use. I voted against all the others.
Back to the old white guy.
<sotto voce> Denny Crane </sotto voce>, of course.
Unfortunately, the election is over. We all lost.
Posted in Throw Da Bums Out, Society, Politics, Big Thoughts, Random Access | 1 Comment »


