The Republican brand was built upon fiscal responsibility. It's not the State's money. It's our money. You and me. Simple Oregonians.
The following message comes from House Republican Leader Bruce Hanna:
“The shortfall in the current budget is a product of the Legislature’s massive overspending in 2007. If Democrats had made the tough decisions and spent our tax dollars at sustainable levels, we would have avoided the painful cuts that are being proposed today.
“Oregonians can’t afford to send any more of their hard-earned dollars to Salem. That’s why the Legislature must proceed to balance the budget through appropriate agency reductions. We must prioritize these spending decisions and ensure that services to vulnerable Oregonians are spared as much as possible.
“House Republicans are not supportive of raiding the Rainy Day Fund or further increasing the state’s debt to balance this budget. Because the state’s economy shows little sign of bottoming out, we must continue to save money for the future.”
(There is some language in this post of an "adult" nature. Typically, I refrain from using potty-talk. But when you've had it up to here in stupid, mebbe it's time to start calling things by their real names.)
If you don't watch the financial news, chances are you haven't heard the attacks taking place over the leadership of Kenneth Lewis. In fact, chances are you don't even care about the leadership of Kenneth Lewis and you're reading his name here for the first time.
If you don't have deposits at BofA you're thinking that you're insulated from risk if BofA makes bad decisions. Well, this is where a newspaper--like the Oregonian from the early 1980's--comes in.
Some decisions are so clearly and plainly egregious that on their face the are horrid.
And, perhaps, it's time that a CEO do the responsible thing upon his failure of leadership and resign. Mr. Lewis' record in the past quarter should have stock holders furious. I won't be surprised if there is a lawsuit in the next few weeks...if not days.
So, what to do about our state's governor?
If you don't follow the day-to-day horrors that emanate from that man, you have no reason to ask yourself, "WTF is he thinking?"
And there is no newspaper published in the state capable of writing a serious criticism of our state's chief executive. When I do have the occasional opportunity to read what is being written in the Oregonian, it is simply apparent that something has replaced reason and common sense at that periodical. When I glance at the daily paper published in neighboring Astoria, it is apparent that it is nothing more than a scandal rag. With little more than the local police log serving as a spine in the war against truth.
When actions contradict each other, one is given cause to believe that either one action or the other is wrong. But you seem to never read about these apparent failures in logic from our state's newspapers.
In the face of rising unemployment and declining private investment your governor has chosen to increase the cost of government and increase the expenditures of government. What would this mean to someone of average education?
Since unemployment is increasing, there's a pretty good chance that revenues to the state are going to be lower in the future than in the past. Why? Because the state income tax is based upon a percentage of the income you make. If fewer people are working, they are making less money.
Did you get that?
If fewer people are working, then the people who aren't working are earning less money. Can you figure out how much money they are earning? Your governor can't.
In fact your governor has decided that since people are earning less and working less, the way to spend more is to raise the amount of money that the state takes from you. Revenues from the state's income tax declining? How do you get more money?
You raise taxes. You raise tax rates. You add taxes. You add "fees" (which are, after all, just taxes.)
So while the people of the state are making less money--and investing less of their money in this state--the governor seeks to increase the cost of existence.
(Stolen from RogueRiverPundit. Who he stole it from should be apparent. Click on the graphic to go to his post.)
While the governor has a plan, he doesn't have any common sense. He proposes mounting a campaign against Man Made Global Warming by the citizens of our nation's 27th largest state--by population. That is, 1.23 percent of the nation's population is going to change the fate of the world.
Even though Oregon is the tenth largest state by it's sheer geographic size, at more than 98-thousand square miles, and that only two percent of that huge land mass has actually been developed.
So, here we have specks of population distributed around the state. Specks. Our rural counties have been devastated by reckless environmental abandon and what does our governor propose to do?
Not address the needs of farmers. Not the ranchers or the timbermen.
This retard wants to further limit growth and at the same time raise your taxes to pay for it.
Earlier, last fall, I went to a meeting that was a part of what organizers called the Big Look. The "promise" of the Big Look was to reduce the amount of control the state exercises over local governments (cities and counties).
But control locally over our own affairs is not a priority for our state's chief executive. Weird shit like green energy and "green jobs" is, however. Currently the governor is in a pissing match with the State of Washington over a proposed, new bridge over the Columbia River. "Oregon"--that's you and me--want to build a "green" bridge. Washington wants to build a bridge that maximizes auto traffic at the lowest possible cost.
Oregon? Green enviro-nuts. Washington? Common sense.
So what comes down the pike from our chief executive today? "Today’s mid-quarter revenue report from the state economist is sobering news, though not unexpected."
“While the facts of the economy continue to shift, we cannot shift our focus from doing all that we can to protect investments in the foundation on which our economy rests – children, education, health care, renewable energy, green technology, and transportation." (Governor's Press Release, January 16, 2009.)
See, according to the Governor, the foundation of the state rests with children, education, health care, renewable energy, green technology and transportation.
For the rest of us humps trying to make a buck, we're screwed. But we're screwed Green. I guess that's some consolation.
Our national nightmare. (Stolen from AreWeLumberjacks. I think. Can't find it now. Usually, when I steal a pic I put a link to the stolee with the pic. I din't this time. Darn. Click on the image to go there.)
I've given up on Fox News since the iconic personality of that network is O'Rielly. I can't see any real difference between him and Dobbs (the reason I had to stop watching CNN). Both engage in pablum formulated for the easily disturbed. Dobbs' weakness is the role of free trade and how free trade works. O'Rielly doesn't understand how petroleum markets work. At one point I watched Neal Cavuto attempt to bring some common sense to the land of the O, but Cavuto found himself casting pearls.
So I usually land on CNBC.
And the Dow Industrial Average is moving toward 8-thousand.
So what's the big story? Should Madoff be in jail? How sick is Steve Jobs? What's the 600-pound gorilla? TARP didn't work. TARP won't work. And the announced "plans" to "fix" things forget one salient factor: the value of the housing stock is wildly overstated by the value of the mortgages associated with that housing stock, and nothing in TARP or in the plans to fix the market address what needs to be done.
The value of the housing stock needs to adjust.
Governments can mandate. Markets adjust. Even though the direct asset that is in trouble hasn't been given a chance to adjust due to political considerations--i.e., we can't let the poor or minorities fail, even when it is clear that they have--the market has assessed the value of the market moving forward and sees less value. What could have been a problem for one sector of the market has now become a problem for all sectors of the market.
Automobile manufacturers? Again, a sector problem. But now that sector is being financed by the faith and credit of the United States. With more to come. What had been a market sector problem has now become a problem for all sectors of the economy.
It's pretty clear that a majority of Americans have learned that private markets are not to be trusted. It's in all the papers. It's what your children are being taught in your public schools. The policy elites in universities, think-tanks and do-gooder agencies are telling you that what we need to do is have them (the policy elites) fix the problem.
And most of us in America believe it.
And while the national economy is going to hell in a handbasket, here in Oregon we have a Governor, House and Senate dedicated to the principle that our exhalations are causing the end of Mother Gaia. Cee-oh-two. When we breath we exchange oxygen for carbon dioxide. Because we live in a carbon based environment, every imaginable activity we choose to participate in creates this killer gas.
And no where is there heard the voice of reason.
So, why post much? I've come to the decision that the rational thing to do is, with a hat tip to Dr. Strangelove, learn to stop worrying and love the bomb. Major publications continue to do things like this. But there is no accountability in Oregon for shoddy publication as in the cited example. Somehow being stupid full-time has been picked up as a banner by public school teachers and union employees. (I forget, public school teachers are union employees.) They've told themselves that private business is bad for so long that they think they're fixing things.
Well...they are. Just in ways that aren't intended. Perhaps this was what meant by John Horgan when he wrote The End of Science? (Previous post on Feyerabend here.)
My question is, why do we have to get an understanding of what is taking place in our state, or in our nation, from sources other than network and cable news and daily newspapers? I think it is because they view themselves as part of the elite that is fixing things. I also think these are the same people who sue the manufacturer for improper warning labels after clearing their garbage disposal without thinking to turn the power off and using a wooden handle.