Month: November 2008

Categories
free trade & free markets too much government

Unintended Consequences!!!

Here’s a revelation: A story headlined, “Bailout funds being spent in ways Congress never foresaw.”

What? Our omniscient congressmen failed to forecast the fate of their latest multifarious munificence?

You know, whenever I myself spend hundreds of billions on random questionable socialistic takeovers of the economy, I always demand an itemized account of exactly what I will get in return. Always.

It seems that the $700 billion just authorized by Congress is not only being spent on buying up troubled mortgages but is changing into a “broader bailout of all sorts of troubled businesses.” Some banks used the money to buy other banks instead of to “spur more lending.” And other recipients are paying dividends to stockholders.

Apparently, various central planners of our economy expected those receiving the money to use it in more publicly spirited fashion.

Such caviling ignores the real problem, which is more basic. You can’t cure the effects of gignormous debt creation and gignormous subsidizing of unwise enterprises with even more gignormous debt creation and gignormous subsidizing.

If massive intervention in markets caused the economy to curdle, roll back the massive intervention. Let investors take risks with their own money.

But don’t get drunk all over again, faster and harder, and expect that this time there won’t be any hangover.

This is Common Sense. I’m Paul Jacob.

Categories
insider corruption porkbarrel politics

The Snarl From Alaska

Senator Ted Stevens is an unrepentant porkster whose close relations and special deals with an Alaska business recently led to a conviction on seven felony counts. But he’s not giving in, and has appealed his conviction. He also ran for a seventh Senate term, and it looks like he’s won it . . . or no . . . late vote counts gave the nod to his competitor.

I have argued many times that Senator Stevens is a living, walking, snarling advertisement for term limits. In a Townhall column years ago, I emphasized that his indecent playing of interest upon interest has led to an obvious, big-as-the-nose-on-his-face “appearance of corruption.”

I also argued that, no matter what his below-the-table shenanigans may have been — may continue to be — his above-board porkmeistering is itself a form of corruption, one that our republic should repudiate.

And his party should repudiate.

And his constituents should repudiate.

During the campaign, John McCain and Sarah Palin, asked that Stevens resign. Lots of people have demanded it. Utterly defiant, Stevens insists on representing Alaska while his lawyers “pursue the appeals to clear” his name.

Yet if as many as five or six — or even all seven — of the counts against him are not upheld, his name will still appear dirty in my book, dirty from all the porkbarelling. Senator Ted Stevens is a horrifying example of much that is wrong in government.

This is Common Sense. I’m Paul Jacob.

Categories
national politics & policies

Celebrating Obama

A clear majority of American voters — of all races — voted for Barack Obama. They now celebrate his victory.

Me? Not so much.

Oh, I like Obama’s talk about there not being red states and blue states, urging that we get past partisanship. I just don’t recall him ever bucking his own party.

I like that he talks about reviewing all government programs and ending those that don’t work, expanding those that do. But, after several years in Washington, he’s yet to name the first program he’d scrap. Don’t hold your breath now.

I like his bashing of the corrupt insider games in Washington. And then I see that those around him are insiders who have been running government for decades.

So, I’m still counting on you to save our country. Not Obama.

Yet, the election of a black man to the presidency does seem a fitting time to celebrate just how far we have come, and, moreover, to say thanks to those who risked so much to obtain equal rights and justice.

Let’s hear it for equal rights and justice!

Even in my short 48 years in this great country, I can recall a different day and time. Then, Americans lived in fear over the issue of race; then, black Americans could hardly be said to live in freedom.

We can rejoice in leaving that past far behind — whether we voted for the candidate who to some symbolizes it, or not.

This is Common Sense. I’m Paul Jacob.

Categories
ballot access First Amendment rights initiative, referendum, and recall

Feeling Sorry for Oklahoma?

I’m beginning to feel sorry for Oklahoma.

That may seem a little strange to regular readers. They know that Oklahoma Attorney General Drew Edmondson is prosecuting me, along with two other activists, for work on a 2005 petition drive to cap state spending. He’s trying to throw us in prison for ten years.

This legal assault is “unjust” and “politically-motivated.” Those words aren’t mine: An Oklahoma City University law professor argued that this prosecution is “unjust,” and a state senator charged the AG’s actions are “politically-motivated.”

Since Edmondson began his chilling attack on the right to petition one’s government, poor Oklahoma has been compared to some horribly tyrannical regimes. An editorial in Forbes asked, “Has Oklahoma Been Annexed by North Korea?” A Wall Street Journal editorial connected the Sooner State to the kind of repression practiced in Pakistan.

And now, columnist Paul Mulshine with the New Jersey Star Ledger condemns Edmondson, saying Russia’s Vladimir Putin “could learn a thing or two from the Oklahoma boys.”

But wait a second. There are great people in Oklahoma. They don’t support this outrageous abuse of power.

As those of us threatened in Oklahoma finally have our preliminary hearing, I’m confident that this vicious attack has awoken Oklahomans . . . and Americans. Eyes wide open, Americans in Oklahoma and elsewhere will fight to protect the initiative process.

This is Common Sense. I’m Paul Jacob.

Categories
local leaders term limits

Putting Principles First

Some people have this idea that if the end is good then whatever means they choose must be good, too. But no. Principles matter — they exist to help us choose the right means and oppose the wrong ones.

Politicians tend to think unlimited terms in office is a good thing. I disagree, but forget that for a moment. What is the best way to settle the disagreement? Who should decide how long politicians serve?

The people, that’s who.

New York City’s mayor and City Council have opposed the term limits they live under, term limits voted into law by citizens.

So they got together and legislatively overturned the people’s decision, extending their own terms in office.

But not every politician who may like extended terms thinks that this was the way to obtain them. Public Advocate Betsy Gotbaum went on record before the council vote that, if the council overturned the term limits rather than sending it back to the voters again, she would not seek re-election.

“I think it’s wrong,” she said. “It would be wrong for me, feeling as strongly as I do, to run for a third term if [term limits are] overturned in a way that I don’t think is right.”

Immediately her political competitors breathed a sigh of relief. But citizens should sigh in appreciation. It is mighty good to see personal principles trump re-election frenzy.

This is Common Sense. I’m Paul Jacob.

Categories
government transparency local leaders

Transparency versus Stupidity

The Sunshine Review newsletter from the Sam Adams Alliance reports an amazing instance of bureaucratic dimwittery.

It seems that the county clerk in the county I grew up in — Pulaski County, Arkansas — also likes the idea of sunshine or “transparency,” or some distorted notion of it. Apparently, he is the kind of person who thinks that if people have “nothing to hide,” it’s okay to go traipsing door to door ripping curtains off living-room windows.

According to the Sunshine Review, this troublemaker “posted [to the Web] tens of thousands of circuit court records containing Social Security numbers and other personal data including bank account numbers, birth dates and check images.”

An outraged resident of the county, Bill Phillips, used the Freedom of Information act to obtain email records from the county clerk’s office. Bill has posted them at his own website, PulaskiWatch.com. In one of the posted emails, county clerk employees are advised to make sure to synchronize their “docuclocks.” Okay. In another email, we learn that someone named Ben is late because of a doctor’s appointment.

PulaskiWatch.com announces that it will remove these silly emails from public view just as soon as the county clerk’s office removes all the personal information from the Internet that is placing so many persons at risk of identity theft.

Good luck, people of Pulaski County. When your public servants don’t see why the personal should be kept private and the public realm open, you’ve got an uphill battle.

This is Common Sense. I’m Paul Jacob.