Thursday, September 25, 2008

Call me if you need me

The words of Senator Obama. He stated that the financial crisis is the "biggest crisis since the great depression". Then, he proceeded to campaign and prepare for the debate. Clearly, a sayer rather than a doer. The biggest crisis in 80 years and a man receiving 170 thousand dollars a year to be a US senator says: "Call me if you need me". What else needs be said?

No to the bail-out!

We are told of impending disaster. The free market has failed. The government, meaning you and I, have to step in to purchase worthless paper and save the American economy.

Don't believe it! The manipulated free market has failed. Government's push to promote lending to everyone in a misguided attempt to create economic equality has failed miserably. After all, why were Fannie Mae and Freddie Mac created in the first place? Left to its own devices, the free market would not have supported sub-prime lending and the attempt to "help" people to buy homes they could never afford.

A lack of oversight? Perhaps. But the government getting themselves involved in the first place sowed the seeds of the current problem. Now we are told we should proceed to the biggest step toward socialism in US history.

We should not allow this. At most, the government could offer loans to the financial institutions in question, at prime plus 2%. The American taxpayer should not become shareholders in failed companies.

Will there be a hard fall? Yes, very likely. But, the alternative is unacceptable. The national debt would double over-night. What if the bail-out does not work? Do we do it again a few years down the line? Let these institutions fail, keep government out of lending policy and stop trying to promote social change through manipulation of lending practices.

The bail-out will alleviate short term problems but will cause long term ones. Changing regulations to prevent this in the future is laudible. However, the government should not be in the business of salvaging bad businesses, be they auto-makers, airlines or financial institutions. There is no excuse for rewarding bad management. Investigations and appropriate prosecutions should be undertaken as they were in the Enron case.

We will hit bottom, but we will then have nowhere to go but up. Sounds cruel, but postponing it is more cruel.

Sunday, September 7, 2008

Obama may delay end to tax cuts

Obama: Recession Could Delay End to Bush Tax Cuts
by Associated Press
Sunday, September 7, 2008

WASHINGTON — Democrat Barack Obama says he would delay rescinding President Bush’s tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.

DUH! If tax cuts are inadvisable in a recession because they further hurt the economy, then why are not these same tax cuts inadvisable when there is not a recession. This is because when there is no recession, there is more wiggle room and there is time between the tax increase and the economic downturn it causes. Time enough to avoid blame.

The fact is that increases in income tax of individuals or corporations reduces productivity, decreases profits and shrinks the economy, ending up in lost reduced wages, lost benefits and lost jobs. Obama just hopes he can get money into the hands of the people who did not earn it before the sky falls in.

Remember also who he considers wealthy. A small business owner working 90 hours a week grossing 250,000 per year is in the same category as Bill Gates, earning 20 MILLION dollars a DAY or 8 billion dollars a year. If Bill gates dropped a 1,000 dollar bill, he would not bend down to pick it up since in that 4 seconds he would have earned it back. This is the way he catches people, by using the term "rich" to lump people together who are not only not in the same league, but are not on the same earning planet.

Don't get me wrong. Bill Gates deserves his wealth. He started with nothing and earned it. He does not owe me anything and neither does he owe the rest of the country anything but paying his fair share of taxes. Even though doubling his personal income tax would do nothing to him, it would be wrong to do so.

Argument against a Palin detractor

The email I received, long as it is, comes first and my comments follow.

Dear friends,

So many people have asked me about what I know about Sarah Palin in the last 2 days that I decided to write something up.
Basically, Sarah Palin and Hillary Clinton have only 2 things in common: their gender and their good looks.

You have my permission to forward this to your friends/email contacts with my name and email address attached.

Thanks,
Anne

ABOUT SARAH PALIN

I am a resident of Wasilla, Alaska. I have known Sarah since 1992. Everyone here knows Sarah, so it is nothing special to say we are on a first-name basis. Our children have attended the same schools. Her father was my child's favorite substitute teacher. I also am on a first name basis with her parents and mother-in-law. I attended more City Council meetings during her administration than about 99% of the residents of the city.

She is enormously popular; in every way she's like the most popular girl in middle school. Even men who think she is a poor choice and
won't vote for her can't quit smiling when talking about her because she is a "babe".

It is astonishing and almost scary how well she can keep a secret. She kept her most recent pregnancy a secret from her children and parents
for seven months.

She is "pro-life". She recently gave birth to a Down's syndrome baby. There is no cover-up involved, here; Trig is her baby.

She is energetic and hardworking. She regularly worked out at the gym.

She is savvy. She doesn't take positions; she just "puts things out there" and if they prove to be popular, then she takes credit.




Her husband works a union job on the North Slope for BP and is a champion snowmobile racer. Todd Palin's kind of job is highly sought-after because of the schedule and high pay. He arranges his work schedule so he can fish for salmon in Bristol Bay for a month or so in summer, but by no stretch of the imagination is fishing their major source of income. Nor has her life-style ever been anything like that of native Alaskans.

Sarah and her whole family are avid hunters.

She's smart.

Her experience is as mayor of a city with a population of about 5,000 (at the time), and less than 2 years as governor of a state with about 670,000 residents.

During her mayoral administration most of the actual work of running this small city was turned over to an administrator. She had been pushed to hire this administrator by party power-brokers after she had gotten herself into some trouble over precipitous firings which had given rise to a recall campaign.

Sarah campaigned in Wasilla as a "fiscal conservative". During her 6 years as Mayor, she increased general government expenditures by over 33%. During those same 6 years the amount of taxes collected by the City increased by 38%. This was during a period of low inflatin (1996-2002). She reduced progressive property taxes and increased a regressive sales tax which taxed even food. The tax cuts that she promoted benefited large corporate property owners way more than they benefited residents.

The huge increases in tax revenues during her mayoral administration weren't enough to fund everything on her wish list though, borrowed money was needed, too. She inherited a city with zero debt, but left it with indebtedness of over $22 million. What did Mayor Palin encourage the voters to borrow money for? Was it the infrastructure that she said she supported? The sewage treatment plant that the city lacked? or a new library? No. $1m for a park. $15m-plus for construction of a multi-use sports complex which she rushed through to build on a piece of property that the City didn't even have clear title to, that was still in litigation 7 yrs later--to the delight of the lawyers involved! The sports complex itself is a nice addition to the community but a huge money pit, not the profit-generator she claimed it would be. She also supported bonds for $5.5m for road projects that could have been done in 5-7 yrs without any borrowing.

While Mayor, City Hall was extensively remodeled and her office redecorated more than once.

These are small numbers, but Wasilla is a very small city.

As an oil producer, the high price of oil has created a budget surplus in Alaska. Rather than invest this surplus in technology that will make us energy independent and increase efficiency, as Governor she
proposed distribution of this surplus to every individual in the state.

In this time of record state revenues and budget surpluses, she recommended that the state borrow/bond for road projects, even while she proposed distribution of surplus state revenues: spend today's surplus, borrow for needs.

She's not very tolerant of divergent opinions or open to outside ideas or compromise. As Mayor, she fought ideas that weren't generated by her or her staff. Ideas weren't evaluated on their merits, but on the basis of who proposed them.

While Sarah was Mayor of Wasilla she tried to fire our highly respected City Librarian because the Librarian refused to consider removing from the library some books that Sarah wanted removed. City residents rallied to the defense of the City Librarian and against Palin's attempt at out-and-out censorship, so Palin backed down and withdrew her termination letter. People who fought her attempt to oust the Librarian are on her enemies list to this day.

Sarah complained about the "old boy's club" when she first ran for Mayor, so what did she bring Wasilla? A new set of "old boys". Palin fired most of the experienced staff she inherited. At the City and as Governor she hired or elevated new, inexperienced, obscure people, creating a staff totally dependent on her for their jobs and eternally grateful and fiercely loyal--loyal to the point of abusing their power to further her personal agenda, as she has acknowledged happened in the case of pressuring the State's top cop (see below).

As Mayor, Sarah fired Wasilla's Police Chief because he "intimidated" her, she told the press. As Governor, her recent firing of Alaska's top cop has the ring of familiarity about it. He served at her pleasure and she had every legal right to fire him, but it's pretty clear that an important factor in her decision to fire him was because he wouldn't fire her sister's ex-husband, a State Trooper. Under investigation for abuse of power, she has had to admit that more than 2 dozen contacts were made between her staff and family to the person that she later fired, pressuring him to fire her ex-brother-in-law. She tried to replace the man she fired with a man who she knew had been reprimanded for sexual harassment; when this caused a public furor, she withdrew her support.

She has bitten the hand of every person who extended theirs to her in help. The City Council person who personally escorted her around town introducing her to voters when she first ran for Wasilla City Council became one of her first targets when she was later elected Mayor. She abruptly fired her loyal City Administrator; even people who didn't like the guy were stunned by this ruthlessness.

Fear of retribution has kept all of these people from saying anything publicly about her.

When then-Governor Murkowski was handing out political plums, Sarah got the best, Chair of the Alaska Oil and Gas Conservation Commission: one of the few jobs not in Juneau and one of the best paid. She had no background in oil & gas issues. Within months of scoring this great job which paid $122,400/yr, she was complaining in the press about the high salary. I was told that she hated that job: the commute, the structured hours, the work. Sarah became aware that a member of this Commission (who was also the State Chair of the Republican Party) engaged in unethical behavior on the job. In a gutsy move which some undoubtedly cautioned her could be political suicide, Sarah solved all her problems in one fell swoop: got out of the job she hated and garnered gobs of media attention as the patron saint of ethics and as a gutsy fighter against the "old boys' club" when she dramatically quit, exposing this man's ethics violations (for which he was fined).

As Mayor, she had her hand stuck out as far as anyone for pork from Senator Ted Stevens. Lately, she has castigated his pork-barrel politics and publicly humiliated him. She only opposed the "bridge to
nowhere" after it became clear that it would be unwise not to.

As Governor, she gave the Legislature no direction and budget guidelines, then made a big grandstand display of line-item vetoing projects, calling them pork. Public outcry and further legislative action restored most of these projects--which had been vetoed simply because she was not aware of their importance--but with the unobservant she had gained a reputation as "anti-pork".

She is solidly Republican: no political maverick. The State party leaders hate her because she has bit them in the back and humiliated them. Other members of the party object to her self-description as a fiscal conservative.

Around Wasilla there are people who went to high school with Sarah. They call her "Sarah Barracuda" because of her unbridled ambition and predatory ruthlessness. Before she became so powerful, very ugly stories circulated around town about shenanigans she pulled to be made point guard on the high school basketball team. When Sarah's mother-in-law, a highly respected member of the community and experienced manager, ran for Mayor, Sarah refused to endorse her.

As Governor, she stepped outside of the box and put together of package of legislation known as "AGIA" that forced the oil companies to march to the beat of her drum.

Like most Alaskans, she favors drilling in the Arctic National Wildlife Refuge. She has questioned if the loss of sea ice is linked to global warming. She campaigned "as a private citizen" against a state initiaitive that would have either a) protected salmon streams from pollution from mines, or b) tied up in the courts all mining in the state (depending on who you listen to). She has pushed the State's lawsuit against the Dept. of the Interior's decision to list polar bears as threatened species.

McCain is the oldest person to ever run for President; Sarah will be a heartbeat away from being President.

There have to be literally millions of Americans who are more knowledgeable and experienced than she.

However, there's a lot of people who have underestimated her and are regretting it.

CLAIM VS FACT
*"Hockey mom": true for a few years
*"PTA mom": true years ago when her first-born was in elementary school, not since
*"NRA supporter": absolutely true
*social conservative: mixed. Opposes gay marriage, BUT vetoed a bill that would have denied benefits to employees in same-sex relationships (said she did this because it was unconsitutional).
*pro-creationism: mixed. Supports it, BUT did nothing as Governor to promote it.
*"Pro-life": mixed. Knowingly gave birth to a Down's syndrome baby BUT declined to call a special legislative session on some pro-life legislation
*"Experienced": Some high schools have more students than Wasilla has residents. Many cities have more residents than the state of Alaska. No legislative experience other than City Council. Little hands-on
supervisory or managerial experience; needed help of a city administrator to run town of about 5,000.
*political maverick: not at all
*gutsy: absolutely!
*open & transparent: ??? Good at keeping secrets. Not good at explaining actions.
*has a developed philosophy of public policy: no
*"a Greenie": no. Turned Wasilla into a wasteland of big box stores and disconnected parking lots. Is pro-drilling off-shore and in ANWR.
*fiscal conservative: not by my definition!
*pro-infrastructure: No. Promoted a sports complex and park in a city without a sewage treatment plant or storm drainage system. Built streets to early 20th century standards.
*pro-tax relief: Lowered taxes for businesses, increased tax burden on residents
*pro-small government: No. Oversaw greatest expansion of city government in Wasilla's history.
*pro-labor/pro-union. No. Just because her husband works union doesn't make her pro-labor. I have seen nothing to support any claim that she is pro-labor/pro-union.

WHY AM I WRITING THIS?

First, I have long believed in the importance of being an informed voter. I am a voter registrar. For 10 years I put on student voting programs in the schools. If you google my name (Anne Kilkenny +
Alaska), you will find references to my participation in local government, education, and PTA/parent organizations.

Secondly, I've always operated in the belief that "Bad things happen when good people stay silent". Few people know as much as I do because few have gone to as many City Council meetings.

Third, I am just a housewife. I don't have a job she can bump me out of. I don't belong to any organization that she can hurt. But, I am no fool; she is immensely popular here, and it is likely that this will cost me somehow in the future: that's life.

Fourth, she has hated me since back in 1996, when I was one of the 100 or so people who rallied to support the City Librarian against Sarah's attempt at censorship.

Fifth, I looked around and realized that everybody else was afraid to say anything because they were somehow vulnerable.

CAVEATS
I am not a statistician. I developed the numbers for the increase in spending & taxation 2 years ago (when Palin was running for Governor) from information supplied to me by the Finance Director of the City of Wasilla, and I can't recall exactly what I adjusted for: did I adjust for inflation? for population increases? Right now, it is impossible for a private person to get any info out of City Hall--they are swamped. So I can't verify my numbers.

You may have noticed that there are various numbers circulating for the population of Wasilla, ranging from my "about 5,000", up to 9,000. The day Palin's selection was announced a city official told me that the current population is about 7,000. The official 2000 census count was 5,460. I have used about 5,000 because Palin was Mayor from 1996 to 2002, and the city was growing rapidly in the mid-90's.

Anne Kilkenny
annekilkenny@hotmail.com < mailto:annekilkenny@hotmail.com>
August 31, 2008

Dave,

These allegations may make liberals feel better, but they are untrue. Palin has an approval rating of greater than 80% in Alaska. The whistle blowing she did against corrupt officials in her own party is a matter of public and court record. The US constitution originally intended our governments to run on excise and sales taxes, which tax consumption, not production. Property and income taxes tax production and savings, reducing economic growth. The author got it wrong. Sales taxes and excise taxes are progressive. Income and property taxes are regressive. Her sales tax took advantage of tourism dollars and her reduction of property tax benefitted homeowners as well as big business. The objective is not to vilify big business, but to help it grow thereby increasing tax revenue and providing jobs. Yes, she did get rid of public employees if they were not competent without regard to friendships. That is how government is supposed to work! Interesting that the author tries to pull the heart strings about this, yet if Palin had not done so she would then be accused of nepotism.

Yes, the town budget increased by 33% and yes the revenues increased by 38%. Isn't that how it is supposed to work? More revenues than spending? The author of this letter claims the revenues were increased unfairly on the backs of the people. The people had their property tax reduced. The tax reforms that benefited large property owners did so because they owned more peoperty! DUH! If I pay $5000 in tax and you pay $500 in tax, and there is a tax rebate of 10%, I get back $500. and you get back $50. Again, DUH! This is another far left big "business is evil" attack. If you hate big business, try drilling for your own oil. No one is stopping you from developing your own cold fusion, making biodiesel, erecting a windmil on your house or using a bicycle.

Her record in city hall can be found here, for those who really want to know.

http://www.cityofwasilla.com/index.aspx?page=26&recordid=137&returnURL=%2findex.aspx%3fpage%3d1

She rightly decided that the buget surplus belonged to the people. Many liberals did not like this because those who paid more taxes got more money. However, it is the only fair way. Again, the liberal idea of "wealth redistribution", taking from the rich, who earned their money, and giving to the poor, who did not, seems great. But, if most of you were asked to give 20% more of their income to help inner city kids, you would not do so! However, you have no problem making other people do so.

As for her daughter, the liberals would be happy if she was on birth control, exercising her rights by having joyful sex with the entire football team and had several abortions. The fact that she fell in love, had "unprotected" sex, became pregnant, is keeping the baby and marrying the father eats at their craw.

The attacks on this accomplished woman are inexcusable. Proof that pro-women's groups are really pro-liberal women's groups. At least she has been a governor. Obama has been an absentee senator for most of the time since he took office. He began his campaign less than a year after entering office. At least Gov. Palin did not get where she is by riding the coat tails of her husband, as some women have. Can anyone doubt that if Hillary Clinton had not been Bill's wife she would never have had the chance to run for the senate?

Bill Clinton was the governor of Arkansas. Was he more qualified because his state had more people than Alaska does? Do governors of larger states rank higher than those of states with smaller populations? Should land area count? If so, Alaska is larger than 1/3 of the continental US. Let's see, Arkansas (when Bill was governor) 1.4 million people. Alaska 678,000 people. So, Bill was double as qualified? That means that the governor of New York, with 20 million people, is 14 times more qualified to be president than Bill was? Or, Rudi Guliani, former mayor of NYC, with 8 million people, is 6 times more competent to be president than Bill was? Preposterous! Again, the liberal propensity of arguing one way when it suits them, but refuting the same line of reasoning when it does not.

Income redistribution does not work. Equal opportunity does not mean a guarantee of equal economic benefits for all regardless of their contribution. It means that people have the freedom to rise to the level their abilities and hard work allows. Equality does not mean "same", it means that people are of equal intrinsic worth. This can not mean all are intrinsically entitled to equal economic status as this leads to economic implosion. Even communist China figured that one out.

Sarah Palin has worked hard and has advanced commensurate with her abilities and hard work. Unless Obama gets in, each of us still has the freedom to do the same.

Frank

Misconceptions about the Catholic Church

There is much dislike and even hatred of the Catholic Church. Most of this, I firmly believe, comes from ignorance of what the Catholic Church is and what it teaches. Too often the teachings of the Church are taken out of context, using one biblical verse to condemn its teaching and leaving out the verse immediately following that would affirm it. Some Christians even question whether the Catholic Church is Christian! These absurd allegations usually come from pastors of break-away churches wherein these persons desire authority for themselves. Kind of like the first fall?? (If the Bible is all that is needed, then these pastors are themselves unnecessary). These allegations are fed by the lack of knowledge of religion, history and scripture on the part of those to whom they preach and by the guarantee of salvation to all regardless of their actions. Fed even more by the overwhelming effect that rote memorization and the ability to quote chapter and verse, backward and forward has on the average person who attends these churches. Here is the link a website put together by a wonderful lay person that faithfully answers questions about Catholicism. I had been planning such a site but when I came across this one I realized the job had been done and there was no reason to re-invent the wheel. God Bless David and his wonderful website. www.CatholicBridge.com