Ponder This:

Real public servants are free enterprising individuals who, inspired, embrace challenge, take risks, and create, sometimes big, and often, they create jobs in the process, all out of their ideas, and self initiative...

Sunday, September 28, 2008

The politicos who wrote the rules that caused the financial mess now control the bailout

Re-Seeding the Housing Mess
WSJ September 27, 2008
The House and Senate Democratic drafts contain an indefensible and well-hidden provision. It would mandate that at least 20% of any profit realized from the sale of each troubled asset purchased under the Paulson plan be deposited in either the Housing Trust Fund or the Capital Magnet Fund. Only after these funds get their cut of the profits are "all amounts remaining . . . paid into the Treasury for reduction of the public debt."
Here's the exact, amazing language from the Democratic proposal, breaking out how the money would be divided and dispensed:
"Deposits. Not less than 20% of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).
"Use of Deposits. 65% shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act . . . ; and 35% shall be deposited into the Capital Magnet Fund . . . (Continue)

Friday, September 26, 2008

The Public Deserves a Better Deal

Opinion, WSJ September 26, 2008
By JOHN PAULSON
The Treasury plan to buy illiquid financial assets has been widely criticized as being unfair to taxpayers, who will have to bear losses ahead of shareholders of the institutions that will be bailed out.
Corbis
There is a better alternative to stabilize the markets: Invest the $700 billion of taxpayer money in senior preferred stock of the troubled financial institutions that pose systemic risks. Let's call this the "Preferred plan." In fact, it is the Fannie Mae and Freddie Mac model -- which the Treasury Department has already endorsed and used in practice. It is also the approach Warren Buffett used for his investment in Goldman Sachs.

Retirement benefits for county workers out of control

Friday, September 26, 2008:
This editorial by Bob Suhr is based on Santa Cruz County, but it applies to counties up and down the state, and across the country.

"...due to the power of the government unions, the original program has changed and the county pays the employees’ portion as well as their own. In this example, you can see that the taxpayers’ total funding for this individual, and this year alone, is $20,541. But that isn’t all! There is another $6,324 for the Social Security tax making a total of $26,865 — all paid by the county’s taxpayers.This provides a retirement program of 96.7 percent of salary at age 65. With our deputy assessor, and the $107,000 annual salary, or $8,916 on a monthly basis, the individual’s retirement is $8,498. But when you add the additional $2,185 for the monthly Social Security benefit, also payable at age 65, it brings it up to $10,683. When his or her spouse is 65, they will receive a further payment of $1,092.50 a month — a total of $11,775, compared with $8,916 while working. That is 32 percent more than when the party was on the job. And all paid by the taxpayers! Why should the county public employees enjoy such a retirement benefit at the expense of the private sector?"


Thursday, September 11, 2008

Sarah Palin just gets better the more she is revealed!

Her replies to Charlie were awesome!

Talk about lipstick on a pig, here's Obama's Universal National Service Plan

Time Magazine's published account of this plan reads: "Americans don't like to be told what they have to do; many have argued that requiring service drains the gift of its virtue." Yup. That's right. "It would be based on carrots, not sticks — 'doing well by doing good,' as Benjamin Franklin, the true father of civic engagement, put it."

Who would pay for these carrots? And how? That's what I want to know. And who decides what constitutes virtuous service? Chairman Mao would be so proud!

The plan is simple: Massively Grow Big Government and invest more in government run programs that have no accountability. Pedantic, judgemental, elitist, statist, authoritarian are words that come to mind as I read further.

No where is there any acknowledgement of the service provided by entrepreneurs who engage unencumbered in free enterprise, in a free market system. Wow.

1. Create a National-Service Baby Bond of $5000, in a private 529 plan, except it's not really private and you only get it if you volunteer your life for your college education.

2. Make National Service a Cabinet-Level Department. Sounds Stalinist.

A cabinet level official will preside over weather or not we are engaging in virtuous civic minded service. How large of an army of hires would such an officer require to executive this post?

3. Expand Existing National-Service Programs Like AmeriCorps and the National Senior Volunteer Corps.

No thanks. Saddleback and a network of evangelical churches exponentially outperformed the government run agencies and the Red Cross and other secular organizations. Just streamline and improve the accountability of the agencies we have now, and we'll be much better off.

It goes on, with several more points. I can hear marching armies of militant indoctrinated duty bound 'citizens.' He should lose the election based on this proposal alone. It's a plan Hugo Chavez and Fidel Castro would love.

From the WSJ letters to the editor 9-10-08: A Quiz

Under 45, lover of the outdoors, a Republican reformer who has taken on the party establishment, has many children, and a spot on the national ticket as vice president with less than two years in the governor's office -- you describe Teddy Roosevelt in 1900 and Sarah Palin in 2008.
Alec Ellison
Rye, New York

Tuesday, September 9, 2008

Barracuda Sarah is such a threat to the leftist liberal culture, she must be destroyed

On OpinionJournal.com today, John Fund writes about the army of lawyers that has invaded Wasilla, Alaska looking for anything they can find to hang our motorcycle riding, gun slinging mama, who flies coach, looks awesome in a pencil skirt, wears lipstick, looks easy going and is a sure footed executive at the same time, and is happily married with children, to her Number One Dude. Women will think she's a role model and they'll start demanding that she be represented in our mainstream culture, including movies, magazines, entertainment and news programs on TV. It seems like a perfectly reasonable expectation, but to the bastions of political correctness, it's down right dangerous.

Sunday, September 7, 2008

Martha Montelongo Radio Show premieres Sept 13th, 2008

Our terrestrial home is 1460 AM, KION, in the Salinas, Monterey, Santa Cruz market. But we're also live on CRN Digital Talk Radio, nationwide! It's live at 11AM, Saturdays. Tune in and join us for some rollicking fun while we talk strategy on taking charge and casting off the weight, burden, and abuse of "The Man" aka, government.

Botched Paramilitary Police Raids: An Epidemic of "Isolated Incidents"

"If a widespread pattern of [knock-and-announce] violations were shown . . . there would be reason for grave concern." —Supreme Court Justice Anthony Kennedy, in Hudson v. Michigan, June 15, 2006. An interactive map of botched SWAT and paramilitary police raids, released in conjunction with the Cato policy paper "Overkill: The Rise of Paramilitary Police Raids," by Radley Balko. What does this map mean? How to use this map View Original Map and Database

Key

Death of an innocent. Death or injury of a police officer. Death of a nonviolent offender.
Raid on an innocent suspect. Other examples of paramilitary police excess. Unnecessary raids on doctors and sick people.
The proliferation of SWAT teams, police militarization, and the Drug War have given rise to a dramatic increase in the number of "no-knock" or "quick-knock" raids on suspected drug offenders. Because these raids are often conducted based on tips from notoriously unreliable confidential informants, police sometimes conduct SWAT-style raids on the wrong home, or on the homes of nonviolent, misdemeanor drug users. Such highly-volatile, overly confrontational tactics are bad enough when no one is hurt -- it's difficult to imagine the terror an innocent suspect or family faces when a SWAT team mistakenly breaks down their door in the middle of the night. But even more disturbing are the number of times such "wrong door" raids unnecessarily lead to the injury or death of suspects, bystanders, and police officers. Defenders of SWAT teams and paramilitary tactics say such incidents are isolated and rare. The map above aims to refute that notion.

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