E!! The True Conservative Story™

Just when you thought your blood pressure couldn’t rise any higher over the ill-conceived, pork-stuffed stimulus bill on-which-the-ink-is-not-yet-dry, Nancy Pelosi says ANOTHER package may be needed.

(Note:  in Liberalspeak, “may” = “will”)

She cites “job growth” as the reason for “keeping the door open” in this extended season of stimulus.  And here I thought saving and creating jobs was the meat and potatoes of Stimulus ~ Part I.

No, silly!  That was just a teaser.  A mere morsel.  A yummy bite-sized bacon-wrapped appetizer.

Pelosi and Friends are now going to start cooking up the next course – the one that will really, Really fix everything – for your consumption.

If anyone feels the need to puke, the bathroom is that way —————->

Here’s a little two minute ditty I think you’ll all enjoy.  My complements to singer and song writer Kathleen Stewart and lyricist Steve Jones.

Duane Lester has a well-researched post on the so-called “Fairness Doctrine” up at All American Blogger.

Here’s an excerpt from his opening:

The Fairness Doctrine was enacted in 1949 and lasted until the Reagan Administration. In 1985, the FCC issued a report. According to the Museum of Broadcast Communication, the report said the Doctrine was stifling debate:

By 1985, the FCC issued its Fairness Report, asserting that the doctrine was no longer having its intended effect, might actually have a “chilling effect” and might be in violation of the First Amendment. In a 1987 case, Meredith Corp. v. FCC, the courts declared that the doctrine was not mandated by Congress and the FCC did not have to continue to enforce it. The FCC dissolved the doctrine in August of that year.

The Democrat Congress, in the face of a report saying they might be violating the First Amendment, voted the Fairness Doctrine into law in 1987. Reagan squashed it with a veto. Thus, Rush Limbaugh and talk radio was born.

[end excerpt]

Thank God for Reagan, ay?  Wtih NBC, CBS, ABC, MSNBC, CNN, the NYT et al in the tank for the Dems and the hard left – 90% of the staff at these “mainstream” media orgs are registered Democrats and many are clearly unable or unwilling to hide their bias – conservative talk radio (and FNC) is really all we conservatives have for the airing of conservative/Republican platforms and ideas.

It is truly amazing that even with a multitude of network media and AM and FM radio channels, the Democratic leadership wants to force conservative talk radio to give equal airtime to liberal/left views.  Apparently they really cannot stand to let conservative broadcasters and citizens talk freely.

On a personal note, I listen to Laura Ingraham every morning on my drive to work.  If half her show had to be devoted to the voicing of liberal, leftist, George Soros and Bill Moyers type ranting, I wouldn’t listen.

For your information, here are the names of people who have either come out in favor of The Fairness Doctrone or have said they think conservative talk radio needs to be shut down:  John Kerry, Nancy Pelosi, Harry Reid, Dick Durbin, and Senator Jeff Bingaman (D-NM).

Roll Call is reporting that the House “voted 228-205 to reject the financial sector bailout bill crafted over the weekend by a bipartisan group of House and Senate negotiators. Speaker Nancy Pelosi (D-Calif.), Majority Leader Steny Hoyer (D-Md.) and Minority Leader John Boehner (R-Ohio) all had urged Members to support the bill. But House Republicans rejected it by a 2-1 margin, and more than 90 Democrats voted no.”

Since hearing word of widespread support (Paulson, Congress and the President) for the latest, greatest Bailout I’ve been feeling increasingly dejected.  And concerned.  And angry.

Treasury Secretary Henry Paulson has a “plan” which will “shift” $700 billion in obligations from private companies to the American taxpayer.  Apparently he sees this as the only Way and has 9,000 wizards on stand-by to make it so.  (The same Wall Street wizards that got us into this mess, no doubt?)

And evidently most members of Congress are spellbound and preparing to waft more money New York’s way.

One can only imagine what Banking Committee Chairman Chris Dodd (the largest beneficiary of political funds from Fannie & Freddie) will dream up as he joins hands and sings Tra La La La La with Reid and Pelosi.  I’m not sure how it ends, but I’m pretty sure the working title is Nightmare on Wall Street and that we are barely ten minutes in.

Setting the typically wrong-headed Paulson aside for a moment, how is it that Bush and Congress care so little about protecting the American taxpayer?

And why all the insistence on a quick solution?  This mess was not created in a week, yet Paulson and our illustrious Congressional geniuses think they can solve it by this Thursday?  Does it not occur to anyone that we need to take a deep breath, wade in, and calmly and pragmatically work our way through our many economic and financial problems in a careful and measured manner?

As Newt blogged today (thank God for Mr. Gingrich), between the crisis of liquidity on Wall Street, the crisis of bad energy policy that transfers $700 billion a year to foreign nations, the crisis of Sarbanes-Oxley that cripples entrepreneurs/start ups and drives banks and businesses from New York to London, and the crisis of a high corporate tax rate…we are in some very deep Doo Doo.

Newt proposes a ”non-bureaucratic solution that would stop the liquidity crisis almost overnight and do it using private capital rather than taxpayer money.”  He suggests four reforms that would do the trick without the bureaucracy and additional tax burden.  I suggest you read his blog post as it is well worth the time, but in summation they are:

#1  Stop the mark-to-market rule which is forcing companies into unnecessary bankruptcy. If short selling can be suspended on 799 stocks, the mark-to-market rule can be suspended for six months and then replaced with a more accurate three year rolling average mark-to-market. 

#2  Repeal Sarbanes-Oxley. It failed with Freddy, Fannie, Bear Stearns, Lehman Brothers, and AIG. It is crippling our entrepreneurial economy. One San Jose firm told Newt they would bring more than 20 companies public in the next year if the law was repealed. It’s Sarbanes-Oxley’s $3 million per startup annual accounting fee that is keeping these companies private.

#3  Go to a zero capital gains tax like China and Singapore.  Private capital will flood into Wall Street (at no cost to Joe Taxpayer) and lead to an increase in federal revenue through a larger, more prosperous economy.

#4  Pass an “all of the above” energy plan designed to bring home $500 billion of the $700 billion a year we are sending overseas. With that much energy income, our economy would boom.

E!! endorses these proposals (a fact I’m sure Newt is happy to hear) and strongly advises against implementation of the Paulson plan which by all reasoned accounts is going to be a total Mess.

In closing, I’ll be waiting to see what McCain says and does about all this.  If he doesn’t reject the Paulson/Bush/Congressional plan and closely align himself with much of what Newt said here, I may not be able to vote for him after all.

(Note:  To those who have heard me joke that I am going to “get drunk and vote for McCain,” consider this my semi-official back-peddle…pending the outcome of this mess and McCain’s stand on things.  Let’s see how Maverick-y the self-proclaimed maverick is when it really counts.) 

“Wow.”  Sometimes that’s all you can think to say when you read something like this.  I recommend combing through the whole story so you can speak about it intelligently at your next cocktail party, but here’s the sum-up (excerpted and edited from the linked story by William Collier): 

Apparently, in May of 2007, Nancy Pelosi invested in T. Boone Pickens‘ clean energy fuels corp., CLNE, which is the sole sponsor of a California proposal to funnel $5 billion in state funds and $5 billion in Federal funds to this corporation which will help CLNE create a giant wind farm in the Texas panhandle.

Notably, Pickens’ plan also involves the private control of water resources which Pickens wants to sell to big cities via giant pipelines built on land he seized under eminent domain.  Pickens set up that deal by pushing through an 8 acre “water district” and then applying eminent domain to expand the district and grab more land from local ranchers.

The director of the Texas Sierra Club had this to say:  “We have real concerns about private control of water…  Water is a resource, yet in some respects it is a commodity. It’s as essential to human life as air. That puts water in a different class.” 

Thank you, Kenneth Kramer, for that brilliant explanation of the importance of water.

Anyhoo, Pickens’ water district and distribution plan is opposed by water policy planners because extraction would affect natural spring flows in the rural Texas Panhandle communities that depend on that water. It would also adversely affect family farming and sustainable development from Texas to South Dakota.

Here’s the crux as it stands now:  Pickens has not been able to find enough investors to pay for a $110 Billion bond he wants his new “water authority” to issue, SO he is now trying to piggy-back the windmill farm plan on to the water infrastructure development plan…so he can use the money obtained from the wind farms (some of which will be state and federal funds, i.e. taxpayer dollars) to pay for the water system infrastructure. 

Clear as mud?  He’s using his water district scheme to seize land and his windmill scheme to fund his water scheme.  And you as a taxpayer are going to help pay for it!  Aren’t you excited?!

And again, Pickens also has the financial and moral support of Nancy “I’m Trying to Save the World” Pelosi who purchased a large chunk of stock in CLNE on May 25, 2007 in the initial IPO.  Be sure to  contact Pelosi’s office to let her know how thrilled you are!

NOTE:  Rob Neppell pointed out the following:  the actual financial disclosure form

When gas prices fell below $4.00 a gallon, did anyone else feel a fleeting moment of happiness, quickly followed by this thought:  ”Hey, how is it that I feel GOOD about paying $3.85 a gallon for gas?!” 

The fact is, we’ve been gouged into thinking that anything under $4.00 a gallon is good.  To bring yourself back to reality, see this graphic.  To do something about it, go here.