Wednesday, June 24, 2009

GOP Morals?

South Carolina GOP Gov. Mark Sanford admitted Wednesday to an affair, and resigned his position as chair of the Republican Governor's Association following a strange week in which the governor dropped off the grid and could not be located.

People Need to Learn...Anything!

Polls show that the GOP is wise to focus most of its attacks on spending, government intervention and job losses. (Those same polls show the public has low regard for Republicans on these issues, but it's a significant development that President Barack Obama's numbers are slipping in these areas, too.)

Tuesday, June 09, 2009

Fleckenstein Says It Right!

The actual offending cancerous legislation that kicked off the move toward extra reckless lending did involve then-Rep. Fernand St. Germain, a Rhode Island Democrat. But the problem legislation was the Depository Institutions Deregulation and Monetary Control Act of March 31, 1980. It's important to note that the law was enacted nearly a year before Reagan took office.

MSN Money

Wow, a journalist who has enough intelligence not to blame Reagan for the current culture that led to our economic downturn. That's right, the law that some economists believe helped create out current situation was introduced by a Democrat and signed by a Democrat. But God forbid the mainstream media ever report something so damaging to their beloved party. The article goes one to say...

Deregulation didn't cause this disaster. Incompetence and greed did. The implication from Krugman's article, that regulation or re-regulation would solve the problem, is nonsense. What must happen is for people in positions of regulatory authority to do their jobs.

Wow, I think Bill Fleckenstein might be my new favorite journalist in the financial sector.

Monday, June 08, 2009

45-46% of the COuntry With Their Heads in the Sand

Only 45% of Americans approve of Obama's handling of federal spending, and 46% of his handling of the federal budget deficit.

Gallup Poll

This begs one important question: What they hell are those 45% and 46% of the country thinking?!?! Trillion dollar deficits run up to bailout failing industries? How is it possible that almost half of the country doesn't recognize how bad of an idea this is?

Thursday, June 04, 2009

They Can't Learn Because You Won't Let Them!

Today, I watched the House Education & Labor Committee hold a hearing to discuss charter school education, discussing best practices and what more can be done. The hearing was progressing very nicely, with the various panelists describing the programs they support and the charter schools they work with. Eventually, some Democratic members began barraging the panelists with accusatory questions.

Rep. Marcia Fudge (D-OH) and others began questioning the panelists as to why they have chosen to implement these innovative practices in institutions that serve 2%-6% of the student population, rather than implementing the same policies in the public school system. Many panelists did what they could to try and explain the situations, noting that they have more freedom and more room to move free of the bureaucratic nonsense that accompanies the public education system here in the United States. Finally, Rep. John Tierney (D-MA) made it clear that these members of the Committee were simply not interested in anything the witnesses had to say.

Tierney called out every member of the panel by acknowledging the good they have done, but accusing them of abandoning public school children by limiting their work to charter schools. Tierney claimed that these witnesses were taking the easy way out by refusing to work in public schools. My general outrage of the hypocrisy involved in his statements began to boil. He kept asking that if these policies worked in charter schools, why weren't the panelists working to implement them in the public schools? Finally, logic and reason entered into the equation from the least likely source.

Committee Chairman George Miller (D-CA) finally stood up for the panel, telling Tierney and the others that to assume that individuals could cut through the bureaucratic red tape that plagues public school systems, and implement these practices in a timely manner only went to show the members' lack of understanding about our public education system. Any attempt to implement these policies would take years of debate and nonsense, with no guarantee of success. If the U.S. Congress wants to see these kinds of practices in public schools, they have to give those schools the freedom to embrace innovative tendencies. With the rigid guidelines and requirements of federal education law, such as No Child Left Behind, public schools cannot afford to take risks and try new ideas, for fear of failing to meet the arbitrary benchmarks set by Congress.

Congress needs to pull itself out of the classroom, and give teachers and administrators the freedom to decide what works best for their students. It is the teacher in the classroom that can best decide what works when it comes to teaching her students, not a politician in Washington. So, Rep. Tierney and his colleagues in Congress will have to get out of the way before public schools can even hope to move forward. Just another example of how Politicians in Washington spend too much time pointing fingers, and not enough time helping to solve the problem.

Wednesday, June 03, 2009

Who Cares About Balancing the Budget?

Federal Reserve Chairman Ben Bernanke Wednesday urged lawmakers to commit to reducing the nearly $2 trillion budget deficit, warning that the government can't borrow "indefinitely" to meet the growing demand on its resources. Mr. Bernanke also reiterated that the pace of economic contraction appears to be slowing, setting the stage for a return to growth later this year. But that growth won't be robust, he said.

WSJ

Great idea Ben! Too bad no one in power gives a damn about logic or responsibility. The final blame falls with the American people. Until we start making fiscal responsibility a high priority, and vote out those who spend money we don;t have, lawmakers are not going to have an reason to stop.

Tuesday, June 02, 2009

Abandon Abstinence?

President Obama's new budget would eliminate most money for abstinence-only sex education and shift it to teen pregnancy prevention — a U-turn in what has been more than a decade of sex education policy in the USA. Obama's budget proposes almost $178 million for teen pregnancy prevention, including $110 million for community-based programs. About 75% of that is for programs proven to have delayed sex and increased contraceptive use or reduced teen pregnancy. The other 25% could be for "innovative" programs.

USA Today

While I don't believe we should abandon abstinence education, I also don't believe we should focus only on abstinence. The way I see it, it's like military training. You don't just train a solider on the most effective weapon in his arsenal, you train him on all of them, in case he ever finds himself without that first weapon. Same logic applies here. We should keep pushing abstinence education, but we should also push contraceptives and other preventative measures, to make sure our kids have as much information as possible. We can;t control what they are going to do, but we can try and guide them down the right path, and give them some defenses in case they stray from that path.

Monday, June 01, 2009

Sotomayor Boosts Gun Sales?

While most investors have been rightly focused on the crisis in the markets and economy lately, some Americans have been focusing on other political issues, namely the Second Amendment. They wonder, will the Obama Administration and new Supreme Court nominee Sonia Sotomayor put the right to bear arms in jeopardy? Clearly, many think so, as evidenced by an increase in gun sales and an associated rally in gun stocks.

MSN

Ok...I honestly did not see that one coming.