Friday, September 24, 2010
Libertarians say Republicans owe apology, not 'pledge,' to America:
Instead of a "Pledge to America," the Republicans should have written an "Apology to America." It should have gone something like this:
"We're sorry, America. Sorry we grew the federal government budget from $1.7 trillion to over $3 trillion. Sorry we added $5 trillion to the federal debt. Sorry we doubled the size of the Department of Education. Sorry we started two incredibly costly foreign wars. Sorry we supported the absurd and costly TARP bailouts. Sorry we created a huge and costly new Medicare entitlement. Sorry we did nothing to end the costly and destructive War on Drugs. Sorry we did nothing to reform the federal government's near-prohibition on immigration. But hey, at least we helped you by shifting a lot of your tax burden onto your children and grandchildren."
There are so many lies, distortions, hypocrisies, and idiocy in this document that it's hard to know where to start.
It is deeply insulting to see the Republicans refer to "America's founding values" on their cover. The Republican Party has no understanding whatsoever of America's founding values. They have proven and re-proven that for decades.
The document talks a lot about "tax cuts." Unfortunately, the Republican "tax cut" proposals would really do nothing to cut taxes. All their proposals achieve is to defer taxes, pushing the burden onto our children and grandchildren. The only real way to cut taxes is to cut government spending, and the Republican document does almost nothing in that regard.
The Republicans say they want to "roll back government spending to pre-stimulus, pre-bailout levels." In other words, to re-create the situation near the end of the Bush administration, after Republicans had massively increased federal spending on almost everything.
Republicans must love it when Democrats expand government, because it gives them the opportunity to propose small "cuts," while still ending up with huge government.
One shocking aspect of the document is that it actually includes subtle Republican proposals to increase government spending.
The Republicans offer no plan whatsoever to reduce military spending, America's foreign wars and nation building, or our military defense of rich foriegn nations. On the contrary, the Republicans apparently want to increase military spending, promising to "provide the resources, authority, and support our deployed military requires, fully fund missile defense, and enforce sanctions against Iran."
The Republicans also appear to want to increase government spending on border control. They say "We will ensure that the Border Patrol has the tools and authorities to establish operational control at the border," a costly proposition.
Furthermore, as expected, the document complains about "massive Medicare cuts," implying that Republicans want to make sure Medicare is kept gigantic.
The bulk of federal spending is in three places: Social Security, Medicare, and the military. The Republicans propose absolutely nothing to reduce spending on these three things, or even to slow down their growth.
There must be a typo in the document where it says "Undeterred by dismal results, Washington Democrats continue to double-down on their job-killing policies." That probably should read "Washington Democrats continue to double-down on *Republican* job-killing policies."
The best way to restore American prosperity would be to implement the straightforward 28 planks of the Libertarian Party platform, or even just follow the Constitution. I mean the actual Constitution, not the Republican re-write that allows for every federal government program imaginable.
I suppose the one positive aspect of the document is that it finally dispels any illusion that Republicans want to shrink government in any meaningful way.
Apparently the Republicans are hoping they can "fool some of the people all of the time." The Libertarian Party is ready to point out Republican lies and hypocrisy to American voters, and we hope that Americans who actually want small and constitutional government, not just hypocrisy and worthless rhetoric, will vote Libertarian this November.
Labels:
libertarian,
Pledge,
Republican
Saturday, September 11, 2010
September 11
A complete list of the Firefighters who died at the World Trade Center site.
A
Joseph Agnello, Lad.118 Lt. Brian Ahearn, Bat.13 Eric Allen, Sqd.18 (D) Richard Allen, Lad.15 Cpt. James Amato, Sqd.1 Calixto Anaya Jr., Eng.4 Joseph Agnello, Lad.118 Lt. Brian Ahearn, Bat.13 Eric Allen, Sqd.18 (D) Richard Allen, Lad.15 Cpt. James Amato, Sqd.1 Calixto Anaya Jr., Eng.4 Joseph Angelini, Res.1 (D) Joseph Angelini Jr., Lad.4 Faustino Apostol Jr., Bat.2 David Arce, Eng.33 Louis Arena, Lad.5 (D) Carl Asaro, Bat.9 Lt. Gregg Atlas, Eng.10 Gerald Atwood, Lad.21
B
Gerald Baptiste, Lad.9 A.C. Gerard Barbara, Cmd. Ctr. Matthew Barnes, Lad.25 Arthur Barry, Lad.15 Lt.Steven Bates, Eng.235 Carl Bedigian, Eng.214 Stephen Belson, Bat.7 John Bergin, Res.5 Paul Beyer, Eng.6 Peter Bielfeld, Lad.42 Brian Bilcher, Sqd.1 Carl Bini, Res.5 Christopher Blackwell, Res.3 Michael Bocchino, Bat.48 Frank Bonomo, Eng.230 Gary Box, Sqd.1 Michael Boyle, Eng.33 Kevin Bracken, Eng.40 Michael Brennan, Lad.4 Peter Brennan, Res.4 Cpt. Daniel Brethel, Lad.24 (D) Cpt. Patrick Brown, Lad.3 Andrew Brunn, Lad.5 (D) Cpt. Vincent Brunton, Lad.105 F.M. Ronald Bucca Greg Buck, Eng.201 Cpt. William Burke Jr., Eng.21 A.C. Donald Burns, Cmd. Ctr. John Burnside, Lad.20 Thomas Butler, Sqd.1 Patrick Byrne, Lad.101
C
George Cain, Lad.7 Salvatore Calabro, Lad.101 Cpt. Frank Callahan, Lad.35 Michael Cammarata, Lad.11 Brian Cannizzaro, Lad.101 Dennis Carey, Hmc.1 Michael Carlo, Eng.230 Michael Carroll, Lad.3 Peter Carroll, Sqd.1 (D) Thomas Casoria, Eng.22 Michael Cawley, Lad.136 Vernon Cherry, Lad.118 Nicholas Chiofalo, Eng.235 John Chipura, Eng.219 Michael Clarke, Lad.2 Steven Coakley, Eng.217 Tarel Coleman, Sqd.252 John Collins, Lad.25 Robert Cordice, Sqd.1 Ruben Correa, Eng.74 James Coyle, Lad.3 Robert Crawford, Safety Lt. John Crisci, H.M. B.C. Dennis Cross, Bat.57 (D) Thomas Cullen III, Sqd. 41 Robert Curatolo, Lad.16 (D)
D
Lt. Edward D'Atri, Sqd.1 Michael D'Auria, Eng.40 Scott Davidson, Lad.118 Edward Day, Lad.11 B.C. Thomas DeAngelis, Bat. 8 Manuel Delvalle, Eng.5 Martin DeMeo, H.M. 1 David DeRubbio, Eng.226 Lt. Andrew Desperito, Eng.1 (D) B.C. Dennis Devlin, Bat.9 Gerard Dewan, Lad.3 George DiPasquale, Lad.2 Lt. Kevin Donnelly, Lad.3 Lt. Kevin Dowdell, Res.4 B.C. Raymond Downey, Soc. Gerard Duffy, Lad.21
E
Cpt. Martin Egan, Jr., Div.15 (D) Michael Elferis, Eng.22 Francis Esposito, Eng.235 Lt. Michael Esposito, Sqd.1 Robert Evans, Eng.33
F
B.C. John Fanning, H.O. Cpt. Thomas Farino, Eng.26 Terrence Farrell, Res.4 Cpt. Joseph Farrelly, Div.1 Dep. Comm. William Feehan, (D) Lee Fehling, Eng.235 Alan Feinberg, Bat.9 Michael Fiore, Res.5 Lt. John Fischer, Lad.20 Andre Fletcher, Res.5 John Florio, Eng.214 Lt. Michael Fodor, Lad.21 Thomas Foley, Res.3 David Fontana, Sqd.1 Robert Foti, Lad.7 Andrew Fredericks, Sqd.18 Lt. Peter Freund, Eng.55
G
Thomas Gambino Jr., Res.3 Chief of Dept. Peter Ganci, Jr. (D) Lt. Charles Garbarini, Bat.9 Thomas Gardner, Hmc.1 Matthew Garvey, Sqd.1 Bruce Gary, Eng.40 Gary Geidel, Res.1 B.C. Edward Geraghty, Bat.9 Dennis Germain, Lad.2 Lt. Vincent Giammona, Lad.5 James Giberson, Lad.35 Ronnie Gies, Sqd.288 Paul Gill, Eng.54 Lt. John Ginley, Eng.40 Jeffrey Giordano, Lad.3 John Giordano, Hmc.1 Keith Glascoe, Lad.21 James Gray, Lad.20 B.C. Joseph Grzelak, Bat.48 Jose Guadalupe, Eng.54 Lt. Geoffrey Guja, Bat.43 Lt. Joseph Gullickson, Lad.101
H
David Halderman, Sqd.18 Lt. Vincent Halloran, Lad.8 Robert Hamilton, Sqd.41 Sean Hanley, Lad.20 (D) Thomas Hannafin, Lad.5 Dana Hannon, Eng.26 Daniel Harlin, Lad.2 Lt. Harvey Harrell, Res.5 Lt. Stephen Harrell, Bat.7 Cpt. Thomas Haskell, Jr., Div.15 Timothy Haskell, Sqd.18 (D) Cpt. Terence Hatton, Res.1 Michael Haub, Lad.4 Lt. Michael Healey, Sqd.41 John Hefferman, Lad.11 Ronnie Henderson, Eng.279 Joseph Henry, Lad.21 William Henry, Res.1 (D) Thomas Hetzel, Lad.13 Cpt. Brian Hickey, Res.4 Lt. Timothy Higgins, S.O.C. Jonathan Hohmann, Hmc.1 Thomas Holohan, Eng.6 Joseph Hunter, Sqd.288 Cpt. Walter Hynes, Lad.13 (D)
I
Jonathan Ielpi, Sqd.288 Cpt. Frederick Ill Jr., Lad.2
J
William Johnston, Eng.6 Andrew Jordan, Lad.132 Karl Joseph, Eng.207 Lt. Anthony Jovic, Bat.47 Angel Juarbe Jr., Lad.12 Mychal Judge, Chaplain (D)
K
Vincent Kane, Eng.22 B.C. Charles Kasper, S.O.C. Paul Keating, Lad.5 Richard Kelly Jr., Lad.11 Thomas R. Kelly, Lad.15 Thomas W. Kelly, Lad.105 Thomas Kennedy, Lad.101 Lt. Ronald Kerwin, Sqd.288 Michael Kiefer, Lad.132 Robert King Jr., Eng.33 Scott Kopytko, Lad.15 William Krukowski, Lad.21 Kenneth Kumpel, Lad.25 Thomas Kuveikis, Sqd.252
L
David LaForge, Lad.20 William Lake, Res.2 Robert Lane, Eng.55 Peter Langone, Sqd.252 Scott Larsen, Lad.15 Lt. Joseph Leavey, Lad.15 Neil Leavy, Eng.217 Daniel Libretti, Res.2 Carlos Lillo, Paramedic Robert Linnane, Lad.20 Michael Lynch, Eng.40 Michael Lynch, Lad.4 Michael Lyons, Sqd.41 Patrick Lyons, Sqd.252
M
Joseph Maffeo, Lad.101 William Mahoney, Res 4 Joseph Maloney, Lad.3 (D) B.C. Joseph Marchbanks Jr, Bat.12 Lt. Charles Margiotta, Bat.22 Kenneth Marino, Res.1 John Marshall, Eng.23 Lt. Peter Martin, Res.2 Lt. Paul Martini, Eng.23 Joseph Mascali, T.S.U. 2 Keithroy Maynard, Eng.33 Brian McAleese, Eng.226 John McAvoy, Lad.3 Thomas McCann, Bat.8 Lt. William McGinn, Sqd.18 B.C. William McGovern, Bat.2 (D) Dennis McHugh, Lad.13 Robert McMahon, Lad.20 Robert McPadden, Eng.23 Terence McShane, Lad.101 Timothy McSweeney, Lad.3 Martin McWilliams, Eng.22 (D) Raymond Meisenheimer, Res.3 Charles Mendez, Lad.7 Steve Mercado, Eng.40 Douglas Miller, Res.5 Henry Miller Jr, Lad.105 Robert Minara, Lad.25 Thomas Mingione, Lad.132 Lt. Paul Mitchell, Bat.1 Capt. Louis Modafferi, Res.5 Lt. Dennis Mojica, Res.1 (D) Manuel Mojica, Sqd.18 (D) Carl Molinaro, Lad.2 Michael Montesi, Res.1 Capt. Thomas Moody, Div.1 B.C. John Moran, Bat.49 Vincent Morello, Lad.35 Christopher Mozzillo, Eng.55 Richard Muldowney Jr, Lad.07 Michael Mullan, Lad.12 Dennis Mulligan, Lad.2 Lt. Raymond Murphy, Lad.16
N
Lt. Robert Nagel, Eng.58 John Napolitano, Res.2 Peter Nelson, Res.4 Gerard Nevins, Res.1
O
Dennis O'Berg, Lad.105 Lt. Daniel O'Callaghan, Lad.4 Douglas Oelschlager, Lad.15 Joseph Ogren, Lad.3 Lt. Thomas O'Hagan, Bat.4 Samuel Oitice, Lad.4 Patrick O'Keefe, Res.1 Capt. William O'Keefe, Div.15 (D) Eric Olsen, Lad.15 Jeffery Olsen, Eng.10 Steven Olson, Lad.3 Kevin O'Rourke, Res.2 Michael Otten, Lad.35
P
Jeffery Palazzo, Res.5 B.C. Orio Palmer, Bat.7 Frank Palombo, Lad.105 Paul Pansini, Eng.10 B.C. John Paolillo, Bat.11 James Pappageorge, Eng.23 Robert Parro, Eng.8 Durrell Pearsall, Res.4 Lt. Glenn Perry, Bat.12 Lt. Philip Petti, Bat.7 Lt. Kevin Pfeifer, Eng. 33 Lt. Kenneth Phelan, Bat.32 Christopher Pickford, Eng.201 Shawn Powell, Eng.207 Vincent Princiotta, Lad.7 Kevin Prior, Sqd.252 B.C. Richard Prunty, Bat.2 (D)
Q
Lincoln Quappe, Res.2 Lt. Michael Quilty, Lad.11 Ricardo Quinn, Paramedic
R
Leonard Ragaglia, Eng.54 Michael Ragusa, Eng.279 Edward Rall, Res.2 Adam Rand, Sqd.288 Donald Regan, Res.3 Lt. Robert Regan, Lad.118 Christian Regenhard, Lad.131 Kevin Reilly, Eng.207 Lt. Vernon Richard, Lad.7 James Riches, Eng.4 Joseph Rivelli, Lad.25 Michael Roberts, Eng.214 Michael E. Roberts, Lad.35 Anthony Rodriguez, Eng.279 Matthew Rogan, Lad.11 Nicholas Rossomando, Res.5 Paul Ruback, Lad.25 Stephen Russell, Eng.55 Lt. Michael Russo, S.O.C. B.C. Matthew Ryan, Bat.1
S
Thomas Sabella, Lad.13 Christopher Santora, Eng.54 John Santore, Lad.5 (D) Gregory Saucedo, Lad.5 Dennis Scauso, H.M. 1 John Schardt, Eng.201 B.C. Fred Scheffold, Bat.12 Thomas Schoales, Eng.4 Gerard Schrang, Res.3 (D) Gregory Sikorsky, Sqd.41 Stephen Siller, Sqd.1 Stanley Smagala Jr, Eng.226 Kevin Smith, H.M. 1 Leon Smith Jr, Lad 118 Robert Spear Jr, Eng.26 Joseph Spor, Res.3 B.C. Lawrence Stack, Bat.50 Cpt. Timothy Stackpole, Div.11 (D) Gregory Stajk, Lad.13 Jeffery Stark, Eng.230 Benjamin Suarez, Lad.21 Daniel Suhr, Eng.216 (D) Lt. Christopher Sullivan, Lad.111 Brian Sweeney, Res.1
T
Sean Tallon, Lad.10 Allan Tarasiewicz, Res.5 Paul Tegtmeier, Eng.4 John Tierney, Lad.9 John Tipping II, Lad.4 Hector Tirado Jr, Eng.23
V
Richard Vanhine, Sqd.41 Peter Vega, Lad.118 Lawrence Veling, Eng.235 John Vigiano II, Lad.132 Sergio Villanueva, Lad.132 Lawrence Virgilio, Sqd.18 (D)
W
Lt. Robert Wallace, Eng.205 Jeffery Walz, Lad. 9 Lt. Michael Warchola, Lad.5 (D) Capt. Patrick Waters, S.O.C. Kenneth Watson, Eng.214 Michael Weinberg, Eng.1 (D) David Weiss, Res.1 Timothy Welty, Sqd.288 Eugene Whelan, Eng.230 Edward White, Eng.230 Mark Whitford, Eng.23 Lt. Glenn Wilkinson, Eng.238 (D) B.C. John Williamson, Bat.6 (D) Capt. David Wooley, Lad.4
Y
Raymond York, Eng.285 (D)
Labels:
9/11,
Firemen,
Ground Zero,
New York,
World Trade Center
Saturday, August 21, 2010
Roger Clemens: Next target of the Anti-Steroid Crusaders
In 2005, and again in 2007, I wrote on this issue, defending the use of controlled substances by sports figures...not a popular position then, and probably no more popular now. Like so many aspects of our schizopphrenic culture, what is done in private is one thing, but what we self-righteously say in public is supposed to be something elese entirely. Well, I don't play that game.
Three years ago, the New York Times reported, “…Former Sen. Mitchell's 300-plus page document on performance-enhancing drugs in baseball, 21 months in the making, claims that nearly 90 players -- most notably Roger Clemens, Andy Pettitte, Barry Bonds, Gary Sheffield and Miguel Tejada -- are guilty of using some form of PEDs.” [Perfomance Enhancing Drugs] Yesterday's indictment of Roger Clemens for allegedly lying to Congress is the next step in 'getting those guys' when they can't produce the evidence to convict on the original case. It's the Get-Martha-Stewart approach to justice.
When Mark Magwire was hounded by the press for using Androstendione ( a substance that was legal and sold over the counter in Golds Gyms, GNCs, and Drug Stores across America), it was easy to point the finger at “One Bad Guy.” When Barry Bonds was fingered as a steroid user, the writers at Sports Illustrated (sports nuts who cant play, but who delight in the catty process of creating legends and then destroying them) frothed at the mouth, issue after issue, because they could crucify One Bad Guy.
But now that steroids have appeared in major league baseball across the spectrum of time and teams, prosecuters can have a field day.
Five years ago I wrote:
“…Sitting on my shelf is a bottle of ProLab ThermaPro, a thermogenic designed to raise metabolism and help burn fat. I used this (same basic ingredients as the original Hydroxycut and Xenadrine) several summers ago, while running in the hot Dakota sun every morning while trying to lose weight and tone up (mission: successful!). Ah, but this product contains ephedrine!!! [crowd gasps in horror in the background.] When I used it in 2002, I was using a sports supplement. When the FDA banned it in 2004, I became the possessor of an illegal substance. When the Court overturned the FDA ban, I was an upstanding citizen again. Then the FDA declared that my 20 mg ephedrine was greater than the amount in the court case, and was illegal, and presto-chango, I’m a criminal again.
And this has been the history of steroids and sports supplements. The non-steroidal Androstendione which was available in every health and vitamin store a few years ago, all of a sudden disappeared because the FDA arbitrarily decided that since it was only “one step away” from a steroid, it is now illegal. However, DHEA, which is two chemical steps away from a steroid, is still OK. The steroids that Jose "save-my-own-ass" Canseco mentioned being used in MLB were by and large completely legal in 1980. Many of them are still legal in much of the world, including industrialized nations such as Germany and Holland. Some (Fina) can be made of 100% legal substances in a kitchen. Others are legal as veterinary substances. And a great deal comes into this country from upstanding American soldier-heroes, who discover that the rest of the developed world doesnt have the knee-jerk Prohibitionist response that America has.
The history of Sports is the history of going the extra mile and being slightly better than anyone and everyone else. Athletes give up much of their personal lives and incur a great personal cost in training. They regulate what they eat. They take vitamin supplements such as Calcium. They take Glutamine to prevent muscle breakdown. They take Milk Thistle and ALA to keep their livers healthy. They take Glucosomine to help repair their stressed joints, and if they’re in trouble, they get shots of Cortisone from their doctors. Some take “stacks” to raise metabolism and speed weight-loss (like my illegal aspirin-caffeine-ephedrine stack). They use Creatine as a muscle volumizer and NO2 to increase muscle pump, while downing extra-heavy whey-protein isolate shakes to increase food to muscle cells. Somewhere along the line Congress is going to find out that many use insulin to increase food nutrition entering the muscle cells as well. Some use 2-step-away prohormones like DHEA, others used 1-step-away-prohormones.
And yes, some use steroids.
Yes, the bar is constantly raised. In the effort to be bigger, better, stronger, greater. And if anyone thinks that taking steroids means you take a pill and you’re suddenly Hulk, they are sadly misinformed. Guys who take steroid injections and just ‘wait’ for the effects find themselves fat and tired. An athlete who has chosen to use steroids will be working his butt off 5-6 days a week in grueling workouts. There is no ‘free ride’ by using steroids.
It is amazing, isn’t it? If someone goes to Beverly Hills and forks over $10,000 to a surgeon to have 40 pounds of lard sucked out of their gut in a two-hour operation, that is not only legal, it’s indicative of being One of the Beautiful People. But if you work your tail off during a 12-week steroid cycle to reduce your body fat from 15% to 6% through arduous workouts, well…..”that’s illegal! That’s immoral! That’s just not right!!!! We must punish baseball players!”
Actually, it seems a hell of a lot more honest to me. Of course, why stop at baseball players?
Does anyone really believe that the models on the cover of Mens fitness magazines get that way from situps and spinach? Have they asked the Governor of California how he got that big?
Wake up, folk: when you outlaw a substance, you don’t make it go away…you make it go underground, and you increase the danger of its being tainted. Anyone remember Prohibition?
What’s more important, is that no one has been able to tell me just who is so harmed by an individual athlete’s choice to juice that it requires federal robocops. Have these sports figures killed anyone? Assaulted anyone? Robbed anyone? Maimed anyone? Can you point to any damage they have caused?
There are those who will say that when young people emulate these guys, they are hurt. But that’s like saying that NASCAR should be responsible for kids who drive fast, that McDonalds should be responsible for obese slobs who sit and eat Big Macs every day, and that Clint Eastwood should be responsible for a kid who shoots someone.
If the Players are upset, or the union, or the fans, or the owners, they have immediate remedies and avenues. If they have chosen not to pursue them, perhaps Congress should realize they’re barking up the wrong tree. We don’t need Congress to decide who should be and shouldn’t be our sports heroes. We’ll do that for ourselves, thank you.”
Labels:
Baseball,
Roger Clemens,
steroids
Thursday, August 19, 2010
The Statesman in the Storm: NYC Mayor Michael Bloomberg
"On Sept. 11, 2001, thousands of first responders heroically rushed to the scene and saved tens of thousands of lives. More than 400 of those first responders did not make it out alive. In rushing into those burning buildings, not one of them asked, 'What God do you pray to?' (Bloomberg's voice cracks here a little as he gets choked up.) 'What beliefs do you hold?'
"The attack was an act of war, and our first responders defended not only our city, but our country and our constitution. We do not honor their lives by denying the very constitutional rights they died protecting. We honor their lives by defending those rights and the freedoms that the terrorists attacked.
"Of course, it is fair to ask the organizers of the mosque to show some special sensitivity to the situation, and in fact their plan envisions reaching beyond their walls and building an interfaith community. But doing so, it is my hope that the mosque will help to bring our city even closer together, and help repudiate the false and repugnant idea that the attacks of 9/11 were in any ways consistent with Islam.
"Muslims are as much a part of our city and our country as the people of any faith. And they are as welcome to worship in lower Manhattan as any other group. In fact, they have been worshipping at the site for better, the better part of a year, as is their right. The local community board in lower Manhattan voted overwhelmingly to support the proposal. And if it moves forward, I expect the community center and mosque will add to the life and vitality of the neighborhood and the entire city.
"Political controversies come and go, but our values and our traditions endure, and there is no neighborhood in this city that is off-limits to God's love and mercy, as the religious leaders here with us can attest."
Labels:
Ground Zero,
Michael Bloomberg,
mosque
Saturday, August 14, 2010
NYC Islamic Center: Mayor Bloomberg is right and Peter King is Wrong.
NYC Mayor Michael Bloomberg has shown leadership and statesmanship on the subject of the planned Islamic Community Center in lower Manhattan. By contrast, Rep. Peter King is being disingenuous as he engages in hate-mongering and patently anti-American rhetoric. It is yet another confirmation of why I am no longer a Republican. President Obama, who began to take a strong stand, has immediately backtracked after criticism, and has proved to be a disappointment.
As a native New Yorker, I understand that every community on Long Island lost loved ones and neighbors in the 9/11 attacks. The entire ordeal still pushes my emotional buttons, and probably will until I die. But I am just as outraged by the barely-hidden, discriminatory, Constitution-shredding opposition to the Islamic Center's plans.
The issue before NYC was NOT whether a mosque should be allowed ‘near’ ground zero. In fact, a mosque has existed in that neighborhood since 1970. The issue was whether the specific building idenitifed for the Center should be preserved under historic commission guidelines and regulations.
Now, very often in government processes, "polite" objections are used to justify personal agendas. At many public hearings, issues such as traffic, noise, light, endangered species, and native american graves are all raised when residents want to oppose something in their back yard - whether or not those are legitimate issues. Much to the NYC Historic Commission's credit, they voted *unanimously* that there was no historic value to this building which was the ruse being used to obstruct the project.
If the question then, is “can a mosque be built?,” then clearly the answer is a resounding YES.
This nation has enshrined in the First Amendment of the Constitution the right of all people to practice their religion…PERIOD. We do not ignore Constitutional Rights because we don’t like “those people.” Once we do that, the terrorists have indeed won, and the American way of life has gone the way of every other tinhorn dictatorship.
We are NOT a nation with a National Religion. We are a nation that ascribes to Freedom of Religion, and a Prohibition on the Establishment of one religion over others.
Representative Peter King - who for 20 years openly met with and supported the IRA, a terrorist organization - suddenly developed a soft spot in his heart for the victims of terrorism. He called President Obama "wrong" and and issued the following statement:
"It is insensitive and uncaring for the Muslim community to build a mosque in the shadow of ground zero...While the Muslim community has the right to build the mosque, they are abusing that right by needlessly offending so many people who have suffered so much...The right and moral thing for President Obama to have done was to urge Muslim leaders to respect the families of those who died and move their mosque away from ground zero. Unfortunately, the president caved into political correctness..."
This is entirely disingenuous. King knows that opponents of the Islamic Center have no legal leg to stand on under the U. S. Constitution. Rather than taking the high road and promoting healing and the rule of law, he is giving official voice to the "I-don't-care-what-the-Constitution-says, we-don't-want-them-here, those-people-are-being-mean" mentality, and couching it in warm fuzzy terms, like some Big Brother Social Worker.
What is truly an affront affront to every New Yorker (like me), every NY Firefighter’s Family (like me), and everyone who lost people they knew in the WTC attacks (like me) are people like King who PRESUME to believe that we are delicate flowers who can’t handle Constitutional Rights and diversity, who believe that the proper response to the 9/11 attacks is to rip up the First Amendment.
That speech that is most odious is precisely that speech that must be protected.
That press that is most critical of the government is that press that must be protected.
That criminal who has committed the most heinous acts is precisely the criminal most in need of the Constitutional Rights afforded the accused.
That gun owner who is most despised by his pacifist neighbors is the person most in need ot the protection of the Second Amendment.
And that religous Faith that is most antithetical to the majority is the very faith that must be protected and granted equal standing before the law.
It is by granting freedom for Muslims to worship in that spot that we show how great America is. There IS no other option for Constitutionally-minded, patriotic Americans.
The President has not caved into "political correctness" as King asserts... if anything, he is caving into his own political cowardice. Obama and King could both learn something from Bloomberg.
Thursday, August 12, 2010
Urgent Request: Help Preserve Equality in NH...for all of us!
Regular readers of this blog know that I am running for State Representative in Cheshire County (District 4) this year as an openly gay candidate. I am running primarily to safeguard the changes we have made in New Hampshire over the last year.
My District is represented by Rep. Bill Butynski, one of only 4 Democrats in the entire state who voted against Marriage Equality in each of the last two sessions. In fact, this spring, he joined with a failed attempt by some radical right members of the House and voted to repeal the new Marriage Equality law (and this man is a Democrat?!?!?)
He has a history of some very 'backwards,' regressive votes, opposing Medical Marijuana (and lying about it on the statehouse floor), and actually introducing a bill to outlaw the sale of Red Bull and possession of veterinary medicines for pet-owners (both were voted down by the members of his own party.)
I am challenging him in the Democratic Primary. The District actually sends 4 representatives to Concord, and there are 5 candidates running at large, but I am targetting him specifically.
Here is the reality: Marriage Equality is going to lose supporters in the statehouse with the 2010 election. ALL of the Republican candidates for Governor have pledged to sign a REPEAL of the Marriage Equality bill It is crucial that we win every seat we can - not only for issues like Equality, but also for issues such as funding HIV service agencies. If you can help me in any way, this could be one seat we could 'flip' for Equality.
The national democratic clearinghouse, "ActBlue" set up a fundraising page for me yesterday at : https://secure.actblue.com/contribute/entity/25817 (see Direct Link on the left side of this page for Act Blue).
If you are able and willing, I would appreciate ANY help you can offer. Ten people donating $20 each will pay for my signs...and will go a long way towards helping us oust this 'problem' legislator.
Thank you, and my apologies for my unabashed self-promotion.
Thom Simmons
Democratic Candidate, Cheshire-04
Chesterfield, Hinsdale & Winchester
http://www.Simmons4NH.org
Labels:
Act Blue,
Bill Butynski,
Marriage Equality,
Thom Simmons
Wednesday, August 11, 2010
Kelly Ayotte: the Police State Candidate
Of the 33 Senate races taking place across the country this year, there are few whose outcome is as unpredictable right now as New Hampshire's. There are currently 4 major Republicans and 1 Democrat (Congressman Paul Hodes) running for an open Senate seat in this, a state that has voted both 'red' and 'blue' in recent elections. The danger is that in freedom-loving New Hampshire, this combination of candidates - and the support of the national GOP establishment in Washington, DC - could propel former NH Attorney General Kelly Ayotte, perhaps the most dangerous, pro-police-state politician the state has seen in decades, to front-runner status.
Anyone who has watched television in New Hampshire over the last few weeks has seen the barrage of Ayotte ads, each with the same theme: Ayotte put criminals behind bars. All but one of her ads features a uniformed police officer, and her latest shamelessly lauds her prosecution of the man guilty of killing Manchester Police Officer Michael Briggs.
But it is her other activities as the Granite State's Attorney General that should bring one to pause, if not shudder, for what she would bring to the legislative table. On a consistent basis, AG Ayotte testified before the state legislature to curtail civil liberties and protect the power of the police state. Four important examples:
1) The most egregious must be her abject lies about Medical Marijuana, delivered at last year's legislative debate.
She wrote,
"In fact, marijuana is an addictive drug that poses significant health consequences to its users, including those who may be using it for medical purposes...The use of smoked marijuana is opposed by all credible medical groups nationwide."
In fact, several major national medical groups have taken positive views of medical cannabis, including the American Academy of Physicians, the American Nurses Association and the American Public Health Association. In a 2001 report, even the American Medical Association noted that marijuana helped those suffering from certain ailments including HIV wasting syndrome and chemotherapy-induced nausea.
It is too bad she didn't consider the testimony of Fremont, NH resident Dennis Acton:
"...I am a cancer survivor and successfully used marijuana to treat severe nausea when my $1600 prescription didn't work. I testified along with many others at the Senate HHS Subcommittee hearing back in April. After the senate passed it, we were able to set up a meeting with the Governor. He was "unavailable" so he sent two policy advisors. About 20 of use showed up for this meeting and told our stories. … I really wish the Gov. could have been there to hear these moving stories. I wish other people like AG Kelly Ayotte... and others who dismiss the medicinal properties of marijuana (based on ignorance rather than science) could have heard this as well.
The bottom line is that terminally or severely ill people want to use marijuana to ease symptoms and to avoid becoming addicted to expensive and harmful opiate based drugs. It is just inconceivable that drugs like Oxycontin are readily available and are being abused terribly while marijuana is outlawed..."
Both the House and Senate adopted a medical marijuana bill, but the Senate lacked the votes to override the Governor's veto...a veto that relied, in part, on Ayotte's disgraceful testimony.
2) A second area is her continued opposition to permitting videotaping of police actions.
In 2009, House Bill 312 was submitted, simply permitting the recording (on a cell phone or other device) police activity. For years, police indiscretions have been brought to light through citizen vigilence (Even parking garages have video cameras these days!) The Bill was bipartisan, sponsored by 3 Democrats (Joel Winters, Susi Nord, and Maureen Mann) and 2 Republicans (Neal Kurk and Jenn Coffey), and passed the Democratically-controlled House.
Ayotte opposed the bill, likening the procedure to illegal wiretapping, and it died in the Senate.
3) In New Hampshire, "...Jury nullification is the undisputed power of the jury to acquit, even if its verdict is contrary to the law as given by the judge and contrary to the evidence." (State v. Hokanson, 140 N.H. at 721B906, cited in State of NH v Sanchez). This undisputed power is a check on a rule-oriented legal system that could result in terrible miscarriages of justice. And yet, when HB 906 was filed in 2007, simply requiring that jurors be informed of their existing, "undisputed" rights, Ayotte testified against the bill.
4)On two seperate occasions, Ayotte urged Governor Lynch to veto bills (2006 SB318 and 2009 HB160) that would establish the "Castle Doctrine" in New Hampshire. The Castle Doctrine gives a crime victim the right to use force when attacked when that victim is legally in a place where they have a right to be. Instead, Ayotte has supported the notion that a potential victim has a duty to retreat, rather than defend themselves...cold comfort to a woman walking home late at night and confronted in a dark street, or someone in a wheelchair, or a nightclub patron being surrounded by a group of thugs out to bash someone for fun.
Of course, this is also the Attorney General who advocated for the requirement that picture IDs be produced simply to purchase cough medicine...
Kelly Ayotte has spent her life enhancing and enlarging the power of the State and its Police and enforcement mechanisms as against its citizens. Having garnered the support of the GOP establishmentm, it is now no surprise that as the GOP primary nears, she is tripping over herself to embrace anti-immigration extremism, 14th-Amendment repeal nonsense, Sarah Palin, and the far-right elements that she needs to capture the nod.
But for anyone - Republican, Independent, or Democrat - who values New Hampshire's libertarian way of life, this candidate MUST be defeated. She does not, and must not, represent the people of New Hampshire.
Wednesday, August 04, 2010
Proposition 8 Overturned: Supreme Court Battle Looms
At 4:50 pm EST this afternoon, Federal District Court Judge Vaughan R. Walker (District of Northern California)overturned California's Proposition 8, setting the stage for an eventual national showdown at the US Supreme Court.
California courts had earlier required Marriage Equality, and couples began to marry under the decision, but opponents gathered enough signatures to force a referendum on the issue popularly known as "Proposition 8." (Law-making by 'popular vote' is a traditional lawmaking route in the west of the United States, but is little used elsewhere. During the last generation, then-Governor Ronald Reagan opposed a ballot initiative supported by singer Anita Bryant that would have baned gays from teaching. The campaign propelled San Francisco mayor Harvey Milk into the national limelight as he pleaded with GLBT men and women to leave the closets and be counted among their neighbors and families. That ballot initiative ultimately failed.)
But this time, after more than 80 million dollars were spent campaigning, proponents of Prop 8 won by a vote of 52-48%, and Marriage Equality immediately ceased in California 5 months after it started. Two attorneys, David Boies and Theodore Olson(one a liberal Democrat and one a conservative Republican) then brought this suit on behalf of two gay couples and challenged the referendum vote in Federal Court on the basis of the 14th Amendment to the U. S Constitution, which requires the Equal Protection of Laws for all citizens in a case more properly known as Perry et al v. Schwarzneggar. Same-sex marriage had never been challenged on these Constitutional grounds before, and many gay-rights groups expressed everything from delight to nervousness to outright hostility at pursuing this avenue of attack.
During the trial, opponents of gay marriage saw their case fall apart, as 'expert' witnesses failed to show up or to provide evidence of their 'expertise,' while Boies and Olson brought in a parade of experts in marriage, family law, and psychology to show the discriminatory nature of Prop 8 and the campaign that surrounded it.
In the end, Judge Walker wrote:
"Plaintiffs challenge Proposition 8 under the Due Process and Equal Protection Clauses of the Fourteenth Amendment...Each challenge is independently meritorious, as Proposition 8 both unconstitutionally burdens the exercise of the fundamental right to marry and creates an irrational classification on the basis of sexual orientation...Plaintiffs seek to have the state recognize their committed relationships, and plaintiffs’ relationships are consistent with the core of the history, tradition and practice of marriage in the United States.“
This means that there are now TWO Federal Court rulings citing three different Constitutional provisions chipping away at systematic discrimination against gays and lesbians: This Prop 8 ruling, which places sexual orientation under both the equal protection and Due Process clauses of the 14th amendment, and Judge Tauro's decision in Massachusetts last month, which held that the so-called federal "Defense of Marriage Act" ("DOMA"), which prohibits the federal government from acknowledging the validity of same-sex marriages performed in the states where it is legal, was also unconstitutional under the 10th Amendment guaranteeing State's Rights in family issues.
There is little doubt that both of the California and Massachusetts decisions are headed to Appellate Circuit Courts, and eventually to the Supreme Court, where a decision of national import is likely to rest on the shoulders of the Courts only centrist, Justice Kennedy.
Labels:
Boies,
DOMA,
GLBT,
Olson,
Perry v. Schwarzneggar,
Prop 8,
Supreme Court,
Tauro,
Vaughan
Thursday, July 15, 2010
NOM in NH: The Bizarre World of a Theocracy...
The New Jersey-based “National Organization for Marriage,” or NOM, rolled its bus into Manchester NH in order to rally the troops against Marriage Equality and get signatures in support of DOMA. It must have been embarrassing for them that including the out of state contingency they brought on their bus, only about 50 people showed up in the City Hall Plaza. By contrast, those of us who showed up to quietly support NH’s Marriage Equality numbered 40 – with no bus, no campaign, and no organized effort.
I can only describe the hour-long ‘rally’ as bizarre. Even Circus-like.
One of the touted speakers was Dr. Jennifer Morse, who was introduced as a college professor who would address the group on the scientific basis for prohibiting same-sex marriage. She insisted that religious reasons were not necessary, because there were “bold” scientific reasons. My curiosity was piqued!
I was disappointed to say the least. Her ‘scientific’ opinion was that “Heterosexuality is Normal for our Species.”
Huh? That’s it?! Yup.
After a little research I discovered that our Scientific Doctor has a degree in Economics (not science, not sociology, not psychology, not family studies…). She runs the “Ruth Institute,” a NOM-Project, working with church and college youth groups, and the faith-based Acton Institute.
She then informed us of all the horrible things happening in Canada as a result of same-sex Marriage. Three times she referred to the strange land of “KWEE-beck.” Being a Californian, she apparently was unfamiliar with either the English or French pronunciation for the name of our neighboring Province, so she instead made it sound oddly remeniscent of the word “QUEER”.
She concluded by warning us about what lay ahead for the US. Soon, she said, we might have Language Police listening in on (and I kid you not…) the jocular statements made between guys in locker rooms after sporting events to make sure they complied with politically correct speech codes.
Such was the Scientific Approach. Then we were treated to a sermon by Thomas Peetz, the Pastor at the Pentecostal Word of Life Church in Concord. Detecting another out-of-state accent, I checked his church bio to see that he claims to come from “the nation’s heartland,” and studied under Kenneth E Hagin. Yes, the Health & Wealth Televangelist who claims that “It is always God's will that every believer be 'financially blessed' through faith…," and who, apparently, died three times and even went to hell on one of those trips. Pastor Peetz said, “I’d like to read from the Good Book…if I’m allowed to call it that,” in what became a constant, scripted litany for the rally: that religious people were being silenced. He then instructed us all that there is no ‘separation of church and state in the Constitution...that’s just in a letter Jefferson wrote.” He concluded his sermon by imploring the group that “What God hath joined together, let no man put asunder.”
I wonder if he realized the irony in that his purpose there today was to “put asunder” my lawful, Church-approved marriage.
NOM’s Director, Brian S. Brown, probably took top prize for bizarre logic today. Towards the end, he waxed eloquently about how Christian leaders throughout history stepped out and championed unpopular causes in the name of civil rights, from William Wilberforce’s fight against slavery to Dr. Martin Luther King’s marches for racial justice. He emphasized how these men were ridiculed even by other churches and by the public, but they fought and expanded decency and civil rights.
He then took a spasmodic leap in irrationality and claimed that these good works could not happen now, because Christians had been ‘silenced.’
Perhaps, being from out of state, he was blind to the logical, appropriate leap he SHOULD have made: that of Bishop V. Gene Robinson, who walked in the very tradition of those other leaders he mentioned in the fight for GLBT civil rights. It was not lost on those of us who live in New Hampshire.
One theme became very clear throughout the hour: no fewer than 16 times did speakers mention “the children,” or the effect of same-sex marriage on “children,” or depriving “children” of a mom and dad, or the primary purpose of marriage being to raise “children. And throughout the rally, Biblical and moral references were rampant…and the desire for a Theologically Appropriate response to Marriage Equality was the blatant, unabashed and constant undercurrent of this group.
Labels:
Gay Marriage,
New Hampshire,
NOM
Tuesday, July 13, 2010
New Fleur-de-Lis Tattoo (Courtesy, again, of Mom's of Keene, NH)
En solidarite avec les residents et les pecheurs da La Louisianne, qui ont suffert les catastrophes de l'hurricane Katrina et le deversement de l'huile; et pour touts mes Ours-amis Quebecois!
Saturday, July 10, 2010
DOMA, Prop 8 and Appeals: Outcomes and Next Steps
Yesterday's holding by a Federal District Court Judge that DOMA is Unconstitutional is a big step...but not the end. This was a decision issued by a federal judge on a federal law, but only in a "local" (Massachusetts) case. The question remains of how we turn a Federal District Court holding into a national holding. It would be very unusual for the entire federal government to just roll over and say, "OK, we gotta change now, Congress was wrong on this" as a result of a single District Court holding.
In the best of all worlds, the decision would need to be appealed to (and affirmed by) the Appellate level (and maybe moved on certiorari to the Supreme Court) strictly on the 10th Amendement aspect of the holding, to create a national holding. The 10th Amendment specifically grants to the States the right to legislate in those areas not given Federal jurisdiction, and this was the legal basis for yesterday's decision: States, not the Federal Government, are the entities with authority to define Marriage. DOMA attempted to allow the Federal Government to ignore State Marriage laws that recognize same-sex unions.
Meanwhile, on the West Coast, another decision looms. California's Proposition 8 overturned same-sex marriage in that state, and the Proposition has been challenged on other federal grounds: this one, however, is not based on "State's Rights," but on the Equal Protection Clause of the 14th Amendment to the US Constitution. The specific holding of that trial - which could be released any day - may very well provide a second Federal ruling requiring clarification or appeal...which could accelerate the process.
I expect that, if appealed, the two cases would be joined at the Supreme Court.
Back to yesterday's DOMA ruling: This puts Obama in a very difficult position. On one hand, he could decide to support the Massachusetts District Court decision nationwide; this would be highly unusual, maybe even unprecedented. District Court level Judges issue rulings all the time, often contradictory with each other and almost never with national application overnight.
On the other hand, Obama's Justice Department could Appeal the Massachusetts ruling, thus angering the less-than-critically-thinking gay blogosphere that understands that it *won* at the District Court level.
Whatever Obama decides to do, he must articulate his reasoning WELL both publicly and "within" party and GLBT leadership so its clear what is going on.
Labels:
Appeal,
Barack Obama,
California,
DOMA,
Massachusetts,
Prop 8,
same-sex marriage
Thursday, July 08, 2010
BREAKING NEWS: Federal Court overturns DOMA!
From the Boston Globe:
Judge declares US gay-marriage ban is unconstitutional
July 8, 2010 05:21 PM
By Michael Levenson, Globe Staff
A federal district court judge in Boston today struck down a 1996 federal law that defines marriage as a union exclusively between a man and a woman, according to the office of state Attorney General Martha Coakley.
Judge Joseph L. Tauro, in a 36-page ruling that touched on the history of marriage laws, found that the federal Defense of Marriage Act violates Massachusetts’ right to recognize same-sex unions.
“This court has determined that it is clearly within the authority of the Commonwealth to recognize same-sex marriages among its residents, and to afford those individuals in same-sex marriages any benefits, rights, and privileges to which they are entitled by virtue of their marital status,” Tauro wrote. “The federal government, by enacting and enforcing DOMA, plainly encroaches upon the firmly entrenched province of the state, and, in doing so, offends the Tenth Amendment.”
We have argued in this blog strenuously and continuously that the Defense of Marriage Act is a violation of the 10th Amendment of the US Constitution. Family law, and the laws surrounding eligibility for Marriage, have ALWAYS been issues reserved to STATE governments, not the federal government.
Some states permit cousins to marry, while others do not; the federal government has historically and routinely accepted each individual state's declaration of what constitutes a valid marriage, even if that changes from state to state. DOMA was a clear violation of this principle...it also meant that legimately married same-sex couples were forced to lie on their Federal Income Tax, were ineligible for federal survivors benefits, and had to pay additional income tax if they places their spouse on their health insurance.
Ironically, conservatives - who normally support 10th Amendment States Rights arguements - ignored this violation....While Liberals - such as the regular posters on blogs such as Joe.My.God...constantly called me a "Tea-Partier" and "Right-Winger" because I used a 10th Amendment arguement against DOMA.
Well, Massachusetts Attorney General Martha Coakley made this arguement, and won her case in district court.
To be certain, this is not the end of the issue: this was a ruling at the Federal District Court level, which opens up the possibilities of appeals and wrangling before the Appeallate Court and even the US Supreme Court itself if the US Justice Department chooses to pursue this.
But time is in the side of Justice.
Labels:
DOMA,
same-sex marriage
Sunday, July 04, 2010
The Dark Side....
Waterboarding. The Patriot Act. Suspension of Habeus Corpus. Guantanamo Bay. National ID Card Legilsation. Arizona requiring 'papers' for internal mobility. Suspicionless searches. Civil "forfeiture." Kelo vs. New London. Victimless "crimes." Deep Water Drilling without emergency plans. Wall Street Bailouts. Foreign entaglements in Iraq and Afghanistan.
Anakin: "I think this war is destroying the principles of the Republic."
Padmé: "Have you ever considered that we may be on the wrong side?"
Anakin: "What do you mean?"
Padmé: "What if the democracy we thought we were serving no longer exists, and the Republic has become the very evil we've been fighting to destroy?"
Padme: "So this is how liberty dies... with thunderous applause."
Labels:
Empire,
Padme,
Republic,
Revenge of the Sith,
Stae Wars
Saturday, July 03, 2010
Independence Day 2010
The New Colossus
Not like the brazen giant of Greek fame,
With conquering limbs astride from land to land;
Here at our sea-washed, sunset gates shall stand
A mighty woman with a torch, whose flame
Is the imprisoned lightning, and her name
Mother of Exiles. From her beacon-hand
Glows world-wide welcome; her mild eyes command
The air-bridged harbor that twin cities frame.
"Keep ancient lands, your storied pomp!" cries she
With silent lips. "Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"
- Emma Lazarus
Labels:
immigration,
Independence Day,
July 4,
liberty,
New Colossus
Thursday, June 10, 2010
BP's choice: Plunder Company Assets...and the U. S. Taxpayer
It is a time-honored operation: Enrich owners and Insiders while you are able by plundering a troubled company's assets.
In 1999, Service Merchandise (a retail chain) was forced into bankruptcy by its creditors. The Bankruptcy court froze the company's assets...except, of course, for the normal fees associated with 'administering' the bankruptcy and paying remaining operating costs. The Board of Directors of SM prompty hired themselves to administer the bankruptcy, and began draining the company of its cash assets. One upper-level manager, disgusted with their actions, leaked the plan to a unnamed blogger (ahem...), who prompty posted the details (using an anonymous handle) on the Yahoo! Finance Message Board for the company. When the news hit, SMs stock fell to less than a penny per share. The now-infuriated Management (who owned plenty of stock themselves) sued Yahoo!, asking them to reveal the source of the leak, claiming there were violations of Insider Trading laws. The Court declined to grant their request.
The year before Enron collapsed, top Executives paid themselves 1.4 Billon (yes, Billion) dollars.
In the eight years before the collapse of Lehman Brothers - which ignited the financial crisis that still affects us - the Chief Executive, Richard Fuld, took home 480 million dollars from the company.
Citigroup's Executive was paid 31 million the year they requested a taxpayer bailout.
Which brings us to BP.
BP insists it will pay all 'legitimate claims.' Does that mean they will compensate fishing charter businesses and shrimpers for the loss of their future earnings when they go out of business? Loss of tourism on Florida beaches? What precisely *is* a 'legimtiate' claim in their eyes? The estimated daily flow of oil has increased from 1,000 barrels per day when the crisis began, to the current 40,000per day. While no one yet knows the extent of this disaster, what is known is that this will cost, at a minimum, in the tens of billions of dollars.
So, it wouldnt make sense for BP to give away its assets...or would it?
BP announced it would decide next month whether keep a quarterly dividend of 14 cents a share for the second quarter, a payout of about $2.6 billion.
To be fair, BP regularly pays out this dividend to its investors, so it's not as if they are seeking a new venue in which to squirrel away assets. However, the prospect of untold bilions in clean-up costs, and the growing long-term possibility of a BP bankruptcy - means that taxpayers, once again, would be left with a bill that ought to be covered by Corporate assets. Regardless of their culpability, if BP runs out of cash, BP can't pay the bill.
Writing for the New York Times, William K. Black, an associate professor of economics and law at the University of Missouri–Kansas City, and author of “The Best Way to Rob a Bank is to Own One,” said:
"...Dividends not only put money out of the reach of the U.S., but also reward the people most responsible for causing the damage. BP’s officers and employees, in their capacity as shareholders are the most obvious example of this, but shareholders are also responsible as owners of the corporation. The deal shareholders make when they invest is that if the corporation cannot pay its debts to creditors the shareholders get nothing."
Not surprisingly, many British shareholders are furious that the issue of their dividends is even being discussed. Even some U.S. news commentators have questioned "punishing" the shareholders.
To them, I quote Juan de Medina, a Dominican monk writing in Salamanca, Spain, in 1550, and one of the world's first 'free market' economists:
"Those who by their own will go into business...must expose themselves to profit and loss. And when they suffer a loss, they must not transfer it to the buyers or to the Republic."
What he said.
Should BP declare a dividend, Congress needs to pass legislation requiring that oil companies engaged in deep-water drilling place cash in a cleanup escrow account...and if they won't act, then the businesses and States of the Gulf Coast should file enough claims to force BP into a Reorganization, in which case a Bankruptcy Court could then order that BPs assets remain within the corporation and within this country to pay for the cleanup.
Wednesday, June 02, 2010
Deepwater Horizon, BP, and the Minerals Management Service: The legacy of "Capture Theory."
Am I the only one who simply can not fathom how a major oil company can be permitted to engage in potentially catastrophic activities, and not have back up and safety plans? Is it rational to believe that a break in an undersea oil pipe could go on for week after week and no one has a clue what to do about it?!
The events unfolding off of the Louisiana coast were not unimaginable or unpredictable. In fact, what happened on the ocean floor was very predictable – so much so, that in the industry it is routinely called a “blowout.”
Now, wouldn’t it makes sense that if a company is going to undertake an activity that could result in a known, predictable disaster, that they should have a contingency plan in place? And that the government agencies regulating them (in this case, the Minerals Management Service, or MMS) should require them to have such a contingency plan?
In fact, most offshore drilling operations are required to have such contingency plans. But two years ago, the MMS changed the rules of the drilling game mid-stream, and exempted deep-water drilling operations from the need to submit an emergency plan. The Deepwater Horizon Project – the very disaster unfolding in the gulf – was one of the projects that was suddenly exempted. Instead, BP was permitted to submit a “regional” plan for dealing with “general spills” anywhere in the Gulf.
Unfortunately, that ‘general plan’ didn't quite have enough detail to help BP stop THIS leak as a result of THIS blowout at THIS location.
According to one MMS official – speaking on the condition of anonymity – “the rules were changed because some elements were impractical for some deepwater drilling projects in the Gulf”
http://www.cleveland.com/nation/index.ssf/2010/05/no_oil_spill_plan_rule_change.html
In other words, since a safe and effective contingency plan could not be established for the Deepwater Horizon Project – the MMS decided to eliminate the necessity of such a plan, rather than stopping the project form the beginning.
Such an action makes no sense...unless you are familiar with “Capture Theory,” a basic theory I cover in all of my introductory Economics classes. “Capture Theory” refers the fact that most citizens are too busy with survival and life to worry about every permit and hearing taking place before a government agency. A vested interest, however – such as BP before the MMS, or a pharmaceutical company before the Food & Drug Administration – has evry reason in the world to know exactly what is on the agency’s agenda, and who is making the decision on their application, and what the secretary’s name is and how the agency decision-makers like their steak cooked. Because the potential benefits of favorable treatment are so lucrative, it makes sense for corporations to hire lobbyists who wine and dine the agency officials. In the end, (to quote myself), “A vested interest will always capture the agency designed to regulate it, and then use that agency for its own advantage.”
Is this what happened here? Yes.
According to Fast Company,
“…[A] Department of Interior investigative report describes transportation to college football games on offshore oil company planes as well as offshore oil and gas sponsored golf outings, crawfish boils, skeet-shooting events, and hunting trips. A source also told investigators that MMS inspectors sometimes allowed oil and gas company employees onboard drilling platforms to fill out inspection forms [themselves].....many of the MMS inspectors had worked for the oil and gas industry and continued to be friends with industry representatives. “Obviously, we’re all oil industry...We’re all from the same part of the country. Almost all of our inspectors have worked for oil companies out on these same platforms. They grew up in the same towns. Some of these people, they’ve been friends with all their life. They’ve been with these people since they were kids. They’ve hunted together. They fish together. They skeet shoot together ....They do this all the time...”
http://www.fastcompany.com/1652231/meth-porn-guns-graft-at-agency-overseeing-gulf-oil-companies-interior-department-report?partner=rss
So…the blowout occurred, 11 men lost their lives, and oil began pouring into the Gulf. Couldn’t something be done? (Of course, 24 hours into the spill, a US Coast Guard spokesperson assured ABC news correspondent George Stephanopoulos on “Good Morning America” that there was no oil spewing from the well..)
In 1994, the US Government developed its own plan (the “In Situ Burn Plan”) to contain spills through the use of devices called fire booms. Like so many government plans, this proved to be a thick document that at some point was much-heralded, and then put on a shelf to collect dust. The plan called for the immediate use of firebooms, as a first response, to contain a spill. These firebooms can burn off 75,000 gallons of oil per hour, enough to have probably contained the spill to its current location.
Unfortunately, 16 years after the recommendation was made, the federal government did not own a single fire boom.
Eight days later, they were able to locate one for sale in Illinois. Several were eventually ordered from South America.
http://blog.al.com/live/2010/05/fire_boom_oil_spill_raines.html
Daily, we hear how this disaster continues to spread, and how livelihoods and ecosystems are both being ruined. And how BP is ‘hiring’ fishermen who are getting sick, and forcing them to sign non-disclosure statements. So the cover-ups and damage continue.
All because of an “accident?”
No, because of Corporate Fraud. And Corruption. And Government Inefficiency. And “Capture Theory.”
The result is, as far as I am concerned, has been a massive case of Criminally Negligent Trespass and Criminal Conspiracy between BP and the MMS.
Think about that the next time Vermont Yankee tells you that they are adequately regulated by the Nuclear Regulatory Commission, that contingency plans are in place, that every emergency situation has a well-thought out plan, that underground leaks are nothing to worry about, and that Strontium 90 in fish in the Connecticut River is no big deal
Labels:
BP,
Capture Theory,
Deepwater Horizon,
Minerals Management Service,
Oil
Wednesday, May 19, 2010
Breathtaking...
This post has nothing to do with Tea Parties, or elections, or Health Care, or Obama, or Libertarians or DADT. It has to do with a walk in the woods yesterday.
We live on an 18 acre parcel of hilly woodlands, which abuts the 21-square mile, undeveloped Pisgah State Park. Our constant neighbors are porcupines, at least one wolf, hummingbirds, a pair of rose-breasted grosbeaks, red foxes, and, based on the missing birdfeeders and the bent wrought-iron feeder hooks -at least one black bear. Once we begin walking into the woods, it doesn't take long for it to get very, very dark - even in the middle of the day.
Yesterday, Scott and I went walking down an overgrown path back into the woods. It got darker and darker as the trees formed a wall on all sides and their branches touched and overlapped overhead. Everything in sight was forest-floor-brown, or forest-green, and everything was in shadows.
About 5 minutes into our walk, I looked to the right, where the tree line briefly parted for a short distance of about 15 feet. About 20 feet ahead, through the gap, was a craggy, boulder-strewn hillside too steep to easily climb without equipment. The largest boulder was practically illuminated, sitting in the sole shaft of sunlight that somehow found a direct route into the forest.
And surrounding the boulder - above it, below it, in its depressions, around its sides - was an explosion of color. A thick patch of Wild Red Columbines was in full bloom. I literally sucked in my breath and held it. I had never seen a patch of wild columbine.
And I sure didn't expect this burst of red and yellow - and light! - in the midst of this dark expanse of browns and greens. I could bring myself to do *nothing* but stare at it, knowing that I had stumbled into one of the woodland's hidden treasures...the closest thing I have seen to a Chapel made without human hands.
Somehow, I know that there are ancient monks and Celtic hermits who know *precisely* what I experienced yesterday.
We live on an 18 acre parcel of hilly woodlands, which abuts the 21-square mile, undeveloped Pisgah State Park. Our constant neighbors are porcupines, at least one wolf, hummingbirds, a pair of rose-breasted grosbeaks, red foxes, and, based on the missing birdfeeders and the bent wrought-iron feeder hooks -at least one black bear. Once we begin walking into the woods, it doesn't take long for it to get very, very dark - even in the middle of the day.
Yesterday, Scott and I went walking down an overgrown path back into the woods. It got darker and darker as the trees formed a wall on all sides and their branches touched and overlapped overhead. Everything in sight was forest-floor-brown, or forest-green, and everything was in shadows.
About 5 minutes into our walk, I looked to the right, where the tree line briefly parted for a short distance of about 15 feet. About 20 feet ahead, through the gap, was a craggy, boulder-strewn hillside too steep to easily climb without equipment. The largest boulder was practically illuminated, sitting in the sole shaft of sunlight that somehow found a direct route into the forest.
And surrounding the boulder - above it, below it, in its depressions, around its sides - was an explosion of color. A thick patch of Wild Red Columbines was in full bloom. I literally sucked in my breath and held it. I had never seen a patch of wild columbine.
And I sure didn't expect this burst of red and yellow - and light! - in the midst of this dark expanse of browns and greens. I could bring myself to do *nothing* but stare at it, knowing that I had stumbled into one of the woodland's hidden treasures...the closest thing I have seen to a Chapel made without human hands.
Somehow, I know that there are ancient monks and Celtic hermits who know *precisely* what I experienced yesterday.
Labels:
Columbine
Thursday, May 13, 2010
Robertson to challenge Lynch
Timothy Robertson, a Democratic State Representative from Keene, announced tonight that he intends to challenge incumbant John Lynch in the Democratic Primary for Governor of New Hampshire.
Speaking to an overflow crowd of the Cheshire County Democrats meeting at the E F Lane Hotel in Keene, Robertson cited Lynch's "reluctant" support of marriage equality, opposition to medical marijuana, and support for both 'the war on drugs' and "The Pledge," the New Hampshire tradition of pledging to oppose broad-based taxes.
"I was afraid that when Lynch debated the Republican candidate, he would sound just like the Republican," said Robertson.
In addition to his legislative functions, Robertson has most recently been known for the permission he has granted homeless consruction workers to erect temporary shelter on land he and his sister own in Keene, which has since grown into a small community known locally as "Intensity."
Lynch's opposition to rational drug law reform, and the unnecessary drama he created in his effort to avoid dealing with a Marriage Equality bill on his desk last year have been frequent subjects of this blog.
Rober
Labels:
Gay Marriage,
Gov. John Lynch,
Medical Marijuana,
Robertson
Monday, May 10, 2010
The Politicization of Supreme Court Nominees...and why Kagan should be swiftly confirmed
The Supreme Court of the United States ("SCOTUS") occupies a role at the heart and soul of American society. As a co-equal branch of government, the Court has consistently been willing to act where Constitutional duty required, but where political strength was weak. The end of the Seperate but Equal doctrine, the right of adults to purchase birth control, the right of those uttering offensive speech to continue to exercise that right, have all been secured by the Court when politicians lacked the spines to do so. By choosing jurists and scholars in love with The Law itself, the great 'American Experiment' has lasted and been strengthened because of the vigilence of an institution that can weather the inflamed but fading passions of mob rule.
From 1900 to approximately 1969, Court nominees were afforded respect by both sides of the aisle. In that time frame, 28 Justices were approved unanimously by voice vote. One was rejected. And only 13 were confirmed with a smattering of 'nay' votes.
It is interesting to note that in that time period, the opposition to some of those Justices would later prove an embarassment:
Louis Brandeis, one of the most brightest legal scholars in the Court's history, was confirmed in 1916 by an unusual "split' vote of 47-22. It is shameful to think now that the nay votes were at least in part generated because he was first Jew nominated the High Court.
Similarly, Thurgood Marshall - the Court's first African-American - would be approved by a split vote of 69-11 in 1967.
When Hugo Black received 16 "no" votes in 1937, it was largely due to rumors (later confirmed) that he had been a member of the Klan in his earlier years. Even those 'no' votes were bipartisan, however, consisting of 10 Republicans and 6 Democrats.
All in all, prior to 1969, 41 of 42 nominees were confirmed....28 (fully 2/3 of them)unanimously.
In the modern era, however, we have chosen to reverse this approach, and we have turned most Court confirmations into a political fight. Between 1969 and today, 19 nominations have been made to the nation's highest Court. Of these, 3 were rejected (Bork, Carswell, and Haynesworth); 1 withdrew from nomination (Harriet Miers in 2005); 10 were confirmed on split votes; and only FIVE (barely one-quarter) were confirmed unanimously. And those five were all before 1987 - over 20 years ago.
We somehow have come to the conclusion in the last few decades that Court appointees should be instruments of Political Doctrine, rather than impartial judges of the Law, and so interest groups from all sides raise funds and wage battle over almost every nominee. Both the Democrats and Republicans are equally guilty of this warfare, and both should be ashamed, as qualified, professional, brilliant judges have received 'no' votes simply based on partisan ideology. Conservatives needlessly withheld 31 votes from Justice Sonia Sotomayor, an eminently qualified Jurist, just as liberals withheld 42 votes from Justice Samuel Alito, Jr. on political grounds.
The question before the Senate should not be, "Will this person further our party's legislative agenda?" The question should be, "Is this person qualified to analyze complicated fact patterns and impart sound legal reasoning to actual cases in a way that brings honor the nation's Highest Court?"
By that standard, Kagan is qualified. End of Discussion. Republicans should assent to her confirmation, and reverse the modern trend towards "getting one of ours in."
Once confirmed, I will admit that there is one aspect of the Court's make-up that does raise a flag, and that is the lack of anyone from a protestant background on the court. In a large way, this is indicative of changes in American Society, and from that perspective it is a positive development. On the other hand, depending on the survey quoted, protestants still comprise about 50% of the population. Now, I pesonally do not believe in 'group' politics; I judge induividuals as individuals. But the nomination of Sonia Sotomayor last year began an interesting debate.
Justice Sotomayor was criticized for the following comment she had made:
"I would hope that a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male who hasn’t lived that life..."
What Justice Sotomayor suggested is that we are *all* a product of our backgrounds, and bring that background to the table with us. Often, that background gives us insights that others with differing backgrounds might not as readily understand.
I defended her remarks then, and continue to do so now. And so, I believe I am consistent when I suggest that a nation that has many, many devout Protestants may feel unrepresented because the insight that their particular background contributes may not find a voice on the Court. It is a legitimate concern.
But I am forced to wonder how many liberals who defended the 'wise latina' comment will simply dismiss protestant or evangelical concerns as lacking merit.
And I wonder how many conservative protestants who will now lament the loss of a 'protestant perspective' on the bench were willing to raise their voices in agreement when a wise latina woman offered the same arguement as they do now.
Of course, one could simply defend Sotomayor and criticize evangelicals - or vice versa - based on political positioning...an approach that will only perpetuate the destructive politicization of the Judical confirmation process. Better to recognize our diversity and differences and strive for balance...but to confirm Justice nominees based solely on qualifications.
Labels:
Black,
Bork,
Brandeis,
Carswell,
Democrats,
Kagan,
Log Cabin Republicans,
politicization,
Protestants,
Sotomayor,
Supreme Court
Wednesday, May 05, 2010
Thank you, Sen. Shaheen!
For almost a Century, the Federal Reserve System has engaged in a 'mission creep' that has extended its power and authority way beyond its Congressional authorization. Originally established to insure a stable money supply and to prevent the hyper-inflation that less-developed countries chronically endure, the "Fed" has expanded to become the nations primary guardian of gold reserves, controller of the currency, auditor of all federally-chartered banks, and check clearinghouse. In the last two years, they have stepped front-and-center into the nation's financial crisis, allowing Lehman Brothers to go belly-up while 'arranging' for the saving of AIG and Merryl Lynch. Through their "Troubled Asset Relief Program" (TARP), the Fed has permitted banks to borrow American taxpayer funds anonymously, and had lowered the Federal Discount Rate so low that loose credit has enabled insolvent and arrogant banking corporations to plunder the nations funds in legalized gambling with taxpayer funds and fraudulent financial instruments. Tellingly, some Regional Federal Reserve branches (Dallas in particular) have strenuously and openly disagreed with the decisions of what is arguably the most powerful institution in America.
Through all this, the Fed has remained insulated from acountability: with 7 Governors having terms of 14 years each (more than any elected official in the nation other than some NY Judgeships), and no congressional approval needed for their decisions to create money, influence interest rates, or determine how much banks must - or should - lend, the Fed has conducted the nations banking without having ever being audited.
A coalition of Senators and Members of Congress from the Left (Bernie Sanders) and the Libertarian Right (Ron Paul) have called for accountability and an audit of the Federal Reserve System. Today, New Hampshire Democratic Senator Jeanne Shaheen has added her voice to sponsoring this legislation.
She stands in stark contrast to Republican NH Senator Judd Gregg, who has defended the Fed's insularity and has attempted to block any audit of this institution.
Today's press release:
"Sen. Jeanne Shaheen (D-NH) will co-sponsor an amendment that would require government auditors to open up the books at the Federal Reserve.
The "audit the Fed" measure, first introduced by Sen. Bernie Sanders (I-VT), is actually popular on both sides of the aisle, but is staunchly opposed by the White House, the Fed and the financial industry. Sanders is trying to round up the 60 votes it need to overcome a likely filibuster.
The Obama administration will most likely be under intense pressure to veto the entire financial reform bill if "audit the fed" survives.
Reporting by Brian Beutler"
Now...which party is for accountability, transparency, and responsibility in government? Which party is being fiscally responsible?
Breaking News: Conservative Anti-Gay "Expert" discovered with Male Escort...
George Alan Rekers has been photographed leaving Miami International airport after a 10-day European vacation with "Lucien," a male escort.
From the Miami New Times
"For decades, George Alan Rekers has been a general in the culture wars, though his work has often been behind the scenes. In 1983, he and James Dobson, America's best-known homophobe, formed the Family Research Council, a D.C.-based, rabidly Christian, and vehemently anti-gay lobbying group that has become a standard-bearer of the nation's extreme right wing. Its annual Values Summit is considered a litmus test for Republican presidential hopefuls, and Sean Hannity and Ann Coulter have spoken there. (The Family Research Council would not comment about Rekers's Euro-trip.)
He has also influenced American government, serving in advisory roles with Congress, the White House, and the Department of Health and Human Services and testifying as a state's witness in favor of Florida's gay adoption ban. A former research fellow at Harvard University and a distinguished professor of neuropsychiatry at the University of South Carolina, Rekers has published papers and books by the hundreds, with titles like Who Am I? Lord and Growing Up Straight: What Families Should Know About Homosexuality.
"While he keeps a low public profile, his fingerprints are on almost every anti-gay effort to demean and dehumanize LGBT people," says Wayne Besen, a gay rights advocate in New York City and the executive director of Truth Wins Out, which investigates the anti-gay movement. "His work is ubiquitously cited by lobby groups that work to deny equality to LGBT Americans. Rekers has caused a great deal of harm to gay and lesbian individuals."
Source: http://www.miaminewtimes.com/2010-05-06/news/christian-right-leader-george-rekers-takes-vacation-with-rent-boy/1
From the Miami New Times
"For decades, George Alan Rekers has been a general in the culture wars, though his work has often been behind the scenes. In 1983, he and James Dobson, America's best-known homophobe, formed the Family Research Council, a D.C.-based, rabidly Christian, and vehemently anti-gay lobbying group that has become a standard-bearer of the nation's extreme right wing. Its annual Values Summit is considered a litmus test for Republican presidential hopefuls, and Sean Hannity and Ann Coulter have spoken there. (The Family Research Council would not comment about Rekers's Euro-trip.)
He has also influenced American government, serving in advisory roles with Congress, the White House, and the Department of Health and Human Services and testifying as a state's witness in favor of Florida's gay adoption ban. A former research fellow at Harvard University and a distinguished professor of neuropsychiatry at the University of South Carolina, Rekers has published papers and books by the hundreds, with titles like Who Am I? Lord and Growing Up Straight: What Families Should Know About Homosexuality.
"While he keeps a low public profile, his fingerprints are on almost every anti-gay effort to demean and dehumanize LGBT people," says Wayne Besen, a gay rights advocate in New York City and the executive director of Truth Wins Out, which investigates the anti-gay movement. "His work is ubiquitously cited by lobby groups that work to deny equality to LGBT Americans. Rekers has caused a great deal of harm to gay and lesbian individuals."
Source: http://www.miaminewtimes.com/2010-05-06/news/christian-right-leader-george-rekers-takes-vacation-with-rent-boy/1
Monday, April 19, 2010
Goldman Sachs: A Fraudulent history repeats itself - The Legacy of Ashanti Gold
The only ones who should be surprised by Fraud allegations levied against Goldman Sachs are insiders who have become so arrogant as to think that they were somehow untouchable. Personally, I am wondering why it has taken so long.
Together, much of the Wall Street Bailout process was designed by Treasury Secretary Timothy Geithner, Past President of the NY Federal Reserve Bank; Stephen Friedman, an ex-Goldman Sachs officer who still serves on the Board of the NY Fed; Hank Paulson, an ex-Goldman Sachs operative who designed the hedge funds that plunged the financial markets into turmoil in the first place; and Goldman Sachs financier Robert Rubin. As the crisis unfolded, Goldman Sachs continued to market these Hedge Funds to uninformed clients, even after becoming aware that mortgage-backed securities were crumbling. And when When AIG was bailed out...the primary beneficiary was Goldman Sachs.
And I have to ask: does this surprise anyone? This is a world-wide pattern that Goldman Sachs has utilized to enrich itself at the expense of everyone else for years. And perhaps there is no better example of this than the destruction of Ghana's largest company a decade ago: Ashanti Gold.
In 1998, Ashanti Gold was the 3rd largest Gold Mining company in the world. The first "black" company on the London Stock Exchange, Ashanti had just purchased the Geita mine in Tanzania, positioning Ashanti to become even larger. But in May 1999, the Treasury of the United Kingdom decided to sell off 415 tons of its gold reserves. With all that gold flooding the world market, the price of gold began to decline. By August 1999, the price of gold had fallen to $252/ounce, the lowest it had been in 20 years.
Ashanti turned to its Financial Advisors - Goldman Sachs - for advice. Goldman Sachs recommeded that Ashanti purchase enormous hedge contracts - "bets" on the price of gold. Simplifying this somewhat, it was similar to when a homeowner 'locks in' a price for heating oil months in advance. Goldman recommeded that Ashanti enter agreements to sell gold at a 'locked-in' price, and suggested that the price of gold would continue to fall.
But Goldman was more than just Ashanti's advisors. They were also sellers of these Hedge contracts, and stood to make money simply by selling them. And they were also world-wide sellers of Gold itself.
In September 1999 (one month later), 15 European Banks with whom Goldman had professional relationships made a unanimous surprise announcement that all 15 would stop selling gold on world markets for 5 years. The announcement immediately drove up gold prices to $307/ounce, and by Octoer 6, it had risen to $362/ounce.
Ashanti was in trouble. At Goldman's advice, they had bet that gold prices would continue to drop, and had entered into contracts to sell gold at lower prices. These contracts were held by a group of 17 other world banks. Ashanti found themselves being forced to buy gold at high world prices and sell it at the low contract prices to make good on the contracts. The result? In a few weeks time, Ashanti found itself with 570 million dollars worth of losses. It had to beg the 17 banks not to force the execution of the contracts.
Who served as the negotiator for the 17 banks and Ashanti? Goldman Sachs. The same company that designed the contracts for Ashanti(making a profit in their sale.
The basic bankruptcy of Ashanti drove its stock price from an all time high of $25 per share to a paltry $4.62 per share. Thousands of investors - your blogger among them - lost their investments almost overnight as Ashanti was declared insolvent.
In the end, Ashanti was purchased by their largest African competitor, AngloGold, a British company headquartered in South Africa, who bought them for a song. The Financial Advisors to AngloGold? You guessed it: Goldman Sachs.
The destruction of Ashanti Gold by Goldman Sachs was saturated with fraud and conflicts of interest: Goldman Sachs served as Ashanti's Financial Advisors; profitted form the contracts they designed and marketed for Ashanti; was involved in the manipulation of the gold prices on which the contracts depended; represented Ashanti's creditors when the contracts went bad; and profitted as the Financial Advisors to the company that picked up the Ashanti corpse for pennies on the dollar.
The Bailout of Wall Street - little understood by many Americans, and supported grudgingly by members of both political parties who operated on only fractions of the full picture (not unlike the Iraq invasion) - has Goldman Sachs' legacy all over it.
Prosecution of Goldman Sachs and Regulation of the Financial Industry is not evidence of "Big Government," "Socialism," or more "Washington Take-over."
It is an appropriate - and overdue - safeguard against Fraud and Theft, which, the last time I looked, was not antithetical to the principles of liberals, moderates, conservatives, or libertarians.
Together, much of the Wall Street Bailout process was designed by Treasury Secretary Timothy Geithner, Past President of the NY Federal Reserve Bank; Stephen Friedman, an ex-Goldman Sachs officer who still serves on the Board of the NY Fed; Hank Paulson, an ex-Goldman Sachs operative who designed the hedge funds that plunged the financial markets into turmoil in the first place; and Goldman Sachs financier Robert Rubin. As the crisis unfolded, Goldman Sachs continued to market these Hedge Funds to uninformed clients, even after becoming aware that mortgage-backed securities were crumbling. And when When AIG was bailed out...the primary beneficiary was Goldman Sachs.
And I have to ask: does this surprise anyone? This is a world-wide pattern that Goldman Sachs has utilized to enrich itself at the expense of everyone else for years. And perhaps there is no better example of this than the destruction of Ghana's largest company a decade ago: Ashanti Gold.
In 1998, Ashanti Gold was the 3rd largest Gold Mining company in the world. The first "black" company on the London Stock Exchange, Ashanti had just purchased the Geita mine in Tanzania, positioning Ashanti to become even larger. But in May 1999, the Treasury of the United Kingdom decided to sell off 415 tons of its gold reserves. With all that gold flooding the world market, the price of gold began to decline. By August 1999, the price of gold had fallen to $252/ounce, the lowest it had been in 20 years.
Ashanti turned to its Financial Advisors - Goldman Sachs - for advice. Goldman Sachs recommeded that Ashanti purchase enormous hedge contracts - "bets" on the price of gold. Simplifying this somewhat, it was similar to when a homeowner 'locks in' a price for heating oil months in advance. Goldman recommeded that Ashanti enter agreements to sell gold at a 'locked-in' price, and suggested that the price of gold would continue to fall.
But Goldman was more than just Ashanti's advisors. They were also sellers of these Hedge contracts, and stood to make money simply by selling them. And they were also world-wide sellers of Gold itself.
In September 1999 (one month later), 15 European Banks with whom Goldman had professional relationships made a unanimous surprise announcement that all 15 would stop selling gold on world markets for 5 years. The announcement immediately drove up gold prices to $307/ounce, and by Octoer 6, it had risen to $362/ounce.
Ashanti was in trouble. At Goldman's advice, they had bet that gold prices would continue to drop, and had entered into contracts to sell gold at lower prices. These contracts were held by a group of 17 other world banks. Ashanti found themselves being forced to buy gold at high world prices and sell it at the low contract prices to make good on the contracts. The result? In a few weeks time, Ashanti found itself with 570 million dollars worth of losses. It had to beg the 17 banks not to force the execution of the contracts.
Who served as the negotiator for the 17 banks and Ashanti? Goldman Sachs. The same company that designed the contracts for Ashanti(making a profit in their sale.
The basic bankruptcy of Ashanti drove its stock price from an all time high of $25 per share to a paltry $4.62 per share. Thousands of investors - your blogger among them - lost their investments almost overnight as Ashanti was declared insolvent.
In the end, Ashanti was purchased by their largest African competitor, AngloGold, a British company headquartered in South Africa, who bought them for a song. The Financial Advisors to AngloGold? You guessed it: Goldman Sachs.
The destruction of Ashanti Gold by Goldman Sachs was saturated with fraud and conflicts of interest: Goldman Sachs served as Ashanti's Financial Advisors; profitted form the contracts they designed and marketed for Ashanti; was involved in the manipulation of the gold prices on which the contracts depended; represented Ashanti's creditors when the contracts went bad; and profitted as the Financial Advisors to the company that picked up the Ashanti corpse for pennies on the dollar.
The Bailout of Wall Street - little understood by many Americans, and supported grudgingly by members of both political parties who operated on only fractions of the full picture (not unlike the Iraq invasion) - has Goldman Sachs' legacy all over it.
Prosecution of Goldman Sachs and Regulation of the Financial Industry is not evidence of "Big Government," "Socialism," or more "Washington Take-over."
It is an appropriate - and overdue - safeguard against Fraud and Theft, which, the last time I looked, was not antithetical to the principles of liberals, moderates, conservatives, or libertarians.
Labels:
Ashanti Gold,
bailouts,
fraud,
Goldman Sachs
Wednesday, April 07, 2010
Gun-Happy New Hampshire rated the Safest state in America - AGAIN.
According to CQ Press, the nation's leading publisher on government statistics, New Hampshire is the safest state in the nation for the third year in a row.
According to CQ, which rated the states on 500 crime-related categories, New Hampshire "reported only 15 murders out of a population of 1.3 million—the lowest rate in the country. New Hampshire was also below the national average for rape, and had the second lowest rate for aggravated assault with only 78 cases per 100,000 citizens."
Now, why is this? Is this because New Hampshire is a largely rural state, and crimes generally happen in urban centers?
Hardly. In spite of tourism brochures touting mountainsides and maple sugar shacks, more than 700,000 Granite Staters - more than half the state's population - live in Urban areas. In fact, it terms of urbanization, New Hampshire ranks #15 in the entire country. (By comparison, New York is #11 and Virginia is #18.)
Perhaps it's tough prison sentences that prevent the 'bad guys' from running amock in New Hampshire ? ? ?
Nope. A 2009 study showed that out of 50 states, New Hampshires was #48 in terms of the percentage of its citizens locked up in jail. In fact, New Hampshire prides itself in utilizing reform, rather than outright jailing, in its justice system.
Gun laws! That must be it! Tough gun laws that keep anybody from getting a gun!
No, try again. Anyone in New Hampshire can buy a gun without a license. And without "registering" the gun. And in fact, they can carry that gun on their person, loaded, without permission or a permit and walk down the street.
What a concept.
An urbanized state, with liberal gun laws, that doesnt believe in a draconian "throw-away-the-key" style of justice is the safest place to live in the USA.
Something to think about, huh?
Labels:
crime,
Gun rights,
New Hampshire,
safety
Sunday, April 04, 2010
A' Chàisg sona!
DHE, thug mis a fois na h-oidhch an raoir
Chon solus aoibh an la an diugh,
Bi da mo thoir bho sholus ur an la an diugh,
Chon solus iul na siorruidheachd,
O! bho sholus ur an la an diugh,
Gu solus iul na siorruidheachd.
O GOD, who broughtst me from the rest of last night
Unto the joyous light of this day,
Be Thou bringing me from the new light of this day
Unto the guiding light of eternity.
Oh! from the new light of this day
Unto the guiding light of eternity.
(from the Carmina Gadelica, oral prayers from the Outer Hebrides Islands, as collected by Alexander Carmichael, 1900)
Friday, April 02, 2010
Sunday, March 21, 2010
Health Care, Party Purity....and the legacy of Dede Scozzafava
Well, it was only a few months ago that far-right purists within the Republican Party set their sites on Dede Scozzafava, the Republican candidate in the special election for New Yorks 23rd Congressional District. Since Dede didn't toe the line on every issue, they decided to make an example of her, and threw their support to the Conservative Party candidate. Eventually, Dede, a multiple-term Assemblyman and the choice of GOP leaders in 13 counties, withdrew from the race. In the end, the Democrat won. Far-right Republicans, originally giddy at having pulled the rug out from under her, mumbled something about her loss not really mattering much, and went on their merry way to find the next witch hunt du jour.
As we now sit a mere handful of hours away from the vote on Obama's Health Care Reform Bill, I wonder how many of these party purists are counting votes and wondering how the outcome might be different if they hadnt purged Dede from the party.
Friday, March 19, 2010
Monday, March 15, 2010
Just call me a Blue Dog....
My post last week entitled "What is the Cheshire GOP Thinking?!," criticizing the invitation of Rick Santorum as a Lincoln Day Dinner speaker, was published as an online letter in the Keene Sentinel. Of the immediate responses, this one from someone calling themself "notta" was the most intriguing:
"I sincerely hope that Thom Simmons will NOT be running as a Republican.
I'll do everything I can to alert his voters as to who he is and what he stands for.
Thom should be running as a fiscal conservative Democrat--not a socally liberal Republican.
And Olympia Snowe is NOT a successful Republican. She's a disgrace to what we stand for. "
And there you have it. The voice of Republican Activism in New Hampshire.
Anti-Marriage Equality Town Meeting crusades (failing, thankfully, all around the state). Support for extremist, unsuccessful party spokesmen like Santorum coupled with disdain for traditional Yankee Moderates like Snowe. The extreme, the shrill, the hateful, the ignorant, the phobic, the mean-spirited, all in one ugly tangled bunch of worms. Well, it's time to cut the Gordian Knot, methinks.
Let me make clear that I am not afraid of the response I received. I never counted on the support of social conservatives in the first place. And secondly, the support of social conservatives, while possibly controlling in a Primary in a shrinking Republican Party, is insignificant at best and counter-productive at worst in a general election in Cheshire County.
And so, the time is come.
Yes, I am running for State Representative in Cheshire-4 (Chesterfield, Hinsdale, and Winchester) in 2010.
And yes, I am running as a Democrat.
Labels:
Cheshire County NH,
Democrats,
Republicans,
Simmons
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