Kimberley Strassel of the Wall Street Journal has done a good job with her Obama's Magic opinion piece in today's Journal.

There will be a lot of "magic" required to accomplish all that he has promised us, but we're accustomed to 'rude awakenings' following  Presidential campaigns.

The story of five school districts that invested borrowed money in an attempt to earn larger returns is back in the news as the result of their court case against the two organizations that sold them the deal.

This is an up close and personal portrayal of the rather esoteric things referred to as CDOs...Collateralized Debt Obligations.  The CDOs that were purchased contained some of the Fannie Mae/Freddie Mac garbage that blew up a short time ago.  So, bad mortgage deals that some politicians wanted made so that their constituency would continue to vote for them have come home to roost in five school districts in Wisconsin.

Up until recently, we've listened to news and watched hearings on television and been somewhat removed from the whole discussion.  Now we watch the stock market lose something on the order of thirty percent of its value even after the "bailout" plan was enacted.  Those who have investments see their hopes being delayed, if not dashed.  People thinking of retiring within the next year to five years are probably re-thinking if they counted on their investments as part of the money they'd live on in their 'golden years'.

All that is bad enough, but now we learn that these school districts were owners of some of the 'crap' mortgages.  The districts have tried to portray themselves as 'innocents' but news articles today appear to destroy that position.  They were apparently told about the 'risk' but chose to ignore it for a greater return than otherwise available.

They seem to have known that they could lose their entire investment if the default rate rose above 4.95% but would remain whole if the default rate stayed beneath 3.95%.  They were also told, apparently, that the "highest historical default rate in the past 23 years" was 1.85%, so where was the risk?

The risk was in the Fannie Mae/Freddie Mac garbage loans that were a part of these 'great deals', and the default rate did exceed the 23 year high.  And some of our (the nation's) elected officials were pushing for even more.  100% mortgage loans to questionable credit risks is simply stupid.  These politicians wouldn't have lent their money in that manner, but they were really anxious to get our money into those deals!

The Wall Street Journal published a special section on the environment today and the primary effort was to help us understand the concept of a carbon footprint.

I need the help!  I had no ability to visualize what a pound of carbon dioxide would look like.  I am a bit of a skeptic about carbon footprints since we're still here and the natural forms of introducing carbon dioxide into the atmosphere have been going on forever.  I am a bit of a skeptic because this wasn't talked about until Al Gore began his 'environmental religion'.  I am a bit of a skeptic because what started as a 'global warming' crisis has been altered to a 'climate change' crisis.  I am a bit of a skeptic since I've yet to be convinced that science supports the broad contentions made by the proponents of 'climate change'.

What have I learned so far?  Well, supposedly each of us in the United States releases 118 pounds of carbon dioxide into the atmosphere every day.  That is an awfully precise number considering that science is not in sync as to precisely how carbon footprints ought to be determined.

I learned that an average refrigerator would hold about 2 pounds of carbon dioxide gas.  A pound of carbon dioxide has the volume of 8.2 cubic feet.  I was reminded that carbon dioxide in its solid form is what we call 'dry ice' and that bubbles in our soda are made from this gas.  I learned that if I were to buy a Toyota Prius, to be as good as I could be, that purchase would equate to putting 97,000 pounds of carbon dioxide into the atmosphere.  That number is derived from the following and assumes that I'd drive the car 127,000 miles and get 42 miles per gallon:

• making the materials for the car (steel, plastic, etc.) [12.9%]
• assembling the car [5.7%]
• producing the fuel and transporting it to the gas station [15.8%]
• fuel use in the car [52.7%]
• maintenance of the car [4.7%]
• disposing of the car [8.3%]

Then, I read of Car Free Days (CFDs) in Seattle.  This seems to me another fad in the array of fads associated with Eco activism.  Seattle closes city streets, posts signs explaining that to drivers, and provides notices to city residents.  All this takes labor, and fuel and other energy forms...all for something that no one has yet tried to measure...maybe fearing that the theory would be disproved.

I confess.  I continue to be the skeptic.  Maybe I will be proved correct, or maybe I'll be proved incorrect.  I don't know.  I suspect that I probably won't know that answer yet if I live to my normal life expectancy.

All this reminds me of the seeming importance of symbolism.  If we can be seen as doing good, it really makes no difference if what we're doing is good, or not good.  It is the appearance about which we're concerned.

Then there are the louts of the planet such as me who aren't yet convinced that we ought to be concerned.

This video collage is most informative as to the sub-prime problems we are dealing with today. 

It seems that there were attempts to rein these two quasi public/private entities in over the years but one party seemed to stand in the way.

You can watch it for yourself and form your own conclusions.

Our news is dominated by talk about the "bailout" that has been prompted by the collapse of the sub-prime mortgage market.  Even at its current value, the bailout supposedly carries a cost of nearly $2,400 for every man, woman and child in the country.

This hits us in the last 45 days or so of the race for the presidency of our country.  It hits when we face the election of those who will represent us in the House of Representatives for another two years. It is, as so much has been, being used as the proverbial "political football".  It also threatens to become the largest single "pork-barrel" conveyance we've seen in recent history.

Many will argue where the blame lies, but, at the moment, I am more concerned with how this 'package' will look when it finally emerges from the 'back rooms' on Capitol Hill.  Actually, I am more concerned with what will be included and obscured by political double-speak.

I must confess that I have little faith in too many of the politicians that will participate in this decision-making process to make me at all comfortable that we'll be best-served, as a nation, with the outcome.

I see the results of past such situations.  I see that, when the dust settles, we find too many gifts to too many people of our hard-earned money cloaked in fine language but smarmy nonetheless.  Our politcos cannot seem to help themselves when there is so much opportunity to grab so many dollars dangled in front of their eyes.  And, too many of those dollars may find their way back into the pockets of these decision-makers in the form of sweetheart deals.  It is too easy for the recipients of multi-million dollar 'gifts' to give a few hundred thousand of those dollars back to those who made it all possible.

I marvel at the millionaires that have been made on Capitol Hill.  I look back at a congressman who had taught grade school, was elected and served in congress, the vice-presidency and the presidency and who, somehow, ended up with ownership of a chain of television and radio stations.  I see a man elected to and serving as majority leader of the Senate who somehow managed to buy up property that sits perfectly in Nevada so as to now be worth many times the original price.

I suspect that Lyndon Johnson, were he alive, and Harry Reid, if pressed, could give answers to their respective 'breaks' that would seem proper...and that might, in fact, be true.  But, there just seems to be too much of this kind of thing to permit me to be other than suspicious.

Those are just two stories.  There must be hundreds or thousands of such stories.  These are people who were thought to be honorable servants of the people.  These were people to whom voters gave their trust only to learn years down the road that they had misplaced that trust.

Add to this, the recent revelations of favored mortgage deals that none of we mere taxpayers were ever given the opportunity to receive.  These deals were in the news only several weeks ago, and those people are now making the 'back room' deals using our money.  The news of tax payments not having been made by an official in charge of tax law was just in the headlines a week or so ago, and that man is playing in the big leagues of 'deal making' a few days later.

They make these deals as easily as we would make deals in a game of Monopoly...but they use real money...if there is such a thing.  And that real money comes from us...the 'us' who pay income taxes.  They make deals that protect them and that protect their large campaign donors.  They make deals that will attract even bigger donations in the future.

I dislike sounding like such a skeptic...but I am.  And, I don't think it is entirely my fault that I'm a skeptic; I've had a lot of help over the years from a lot of politicians.

So...Bailout or Boondoggle?  What's your guess?

I listened to Senator Joe Biden telling me and the rest of the country that those of us who pay income taxes needed to pay more.  He went on to tell me how patriotic that would make me feel.

Given that some 48% of Americans do not pay any income tax today, I guess they are being deprived of the patriotic feeling.

Given that some 5% of Americans pay 80% of the income taxes paid in America today, I can only imagine how patriotic they must feel every day as they awake to the knowledge that they'll be paying even more taxes.

Senator Biden has served more than three decades in the Senate, and has probably made nearly every gaffe possible over the course of those thirty-some years.  I don't know that this statement was a gaffe so much as it was testimony to the fact that he and many more of our politicians are so out of touch as to be laughable...if it didn't hurt so much when I laugh.

It was this ruling elite that aided and abetted those who led Freddie Mac and Fannie Mae.  It was this ruling elite that made it possible for those who had no business buying homes to become homeowners...for a few months until it caught up with them...so we all could bail them out without having learned a life lesson that most of us have come to understand.

Our scheme of income taxation began a long time ago.  It was well-intended then but has grown out of control.  Our tax laws today represent a gigantic tumor sucking the very lifeblood from the economy.

But...we'll all feel more patriotic if we'll just send a few more dollars on to Washington so that the grand old "income redistribution" scheme called the tax code can continue to dole out money to earn votes for those doing the doling.

And, contrary to the current elitist mantra, taxes are too high, and those taxes threaten our very existence.  Government does nothing to earn any money, but it is capable of spending ours as if there is no tomorrow.  And, they may succeed at the rate they're going...maybe there will someday be no tomorrow.

Interestingly enough, none of the elitists appear to be at all worried about where their next free meal is coming from. 

Even Rep. Charlie Rangel, head of the committee that oversees tax code, has to pay taxes...except he doesn't seem able to understand that as well as he ought.  But, that's okay.  He has hired a forensic tax accountant to help him obfuscate even further so that he can maintain his office and his appointment and thereby continue to devise new schemes to take more of our money from us to be given to those who haven't yet learned that we're all expected to work and contribute.

On the other hand, maybe they're the smart ones.

At the risk of being labeled a "Slanted Republican Extremist", I have to say that I have seldom seen the enthusiasm amongst conservatives that I am seeing today following the speech by Sarah Palin last evening.  To set the record straight, by the way, I belong to no political party and believe my self to be a fiscal and social conservative.

That having been said, I was very impressed with Ms. Palin last night.  She strikes me as the person next door.  I think she strikes many Americans as the person next door.  She isn't the super-sophisticate that we see in the Speaker of the House.  She isn't the elitist we see in the Senate Majority Leader.  Sarah Palin is the person next door...and I hope she never changes.

I have been taken to task by liberals because Sarah Palin isn't perfect and her family isn't perfect.  No one is perfect, and I don't expect that of anyone since I am far from perfect.  I really don't understand some of the people who have made comments on the earlier Blog concerning Sarah Palin.  I must simply not be 'with it'.

There seems to be a palpable fear emerging from the liberals today that must stem from her performance last evening when the press set her up to 'have to hit it out of the park'.  She has befuddled them all because she did just that.  She hit it out of the park and made it look easy.  I have heard her labeled as a 'natural' speaker.  I believe that may be true.  She handled herself extremely well.  She took shots with a smile on her face that made her seem much less shrill than Hillary when she took shots.

Sarah Palin will see some rough spots before this is all done, but I suspect that she'll see far fewer rough spots than I might've guessed a couple of days ago.  She has a real gift of being able to connect with people.  And her connection seems to be at a deeper level than simply surface.  She seems able to touch people where they're unaccustomed to being touched.

There is a toughness that reminds me of Margaret Thatcher.  I see a communicator that reminds me of Ronald Reagan.  I see the person next door.  She isn't unapproachable; she is very open and tells us what she is thinking without the typical feigned eloquence we've all come to expect and despise from the usual politico.  As I said earlier, she is like you and me...at least I think of her as being like you and me.  And that makes all the difference in the world.

I believe we are witnesses to something really special, and I suspect that liberals are simply beside themselves trying to determine how best to beat her up enough to keep that something special from happening. 

The other thing we are likely going to be witness to are the downright dirty tactics that have already begun to be unrolled by the liberals.  The mainstream press has finally dropped all pretense of impartiality.  The 'talking heads' have almost begun to foam at the mouth.  When the press finally steps back after this is all done, and it begins to understand the damage it has done to itself, I can only hope that it goes on a long soul-searching retreat so that it can look deep inside and maybe, just maybe, find the proper road to follow in the future.  If it doesn't, the press as we've known it to this time will be gone.

Us 'working stiffs' aren't as stupid as they've given us credit for being.  We can actually think for ourselves.  We are able to reason and we are able to determine what we each think is right.  We know what needs to be done for the country.  We can actually make determinations for ourselves.

When a Sarah Palin touches us, we know we've been touched.  And we know we've been genuinely touched; not manipulated as is the case with some others seeking office.

What an experience.

Labor Day has arrived and signals the 'end of summer' as nights get chillier and children and grandchildren go back to their respective schools.  Ideally, we will enjoy a luxurious fall season with leaves ablaze and many beautiful days before snowflakes once again arrive.

Labor Day was formally decreed across the United States in 1894 by then President Grover Cleveland.  The new federal holiday was swiftly approved by Congress and has been with us since.

Labor Day has, like so many special holidays, lost a lot of its meaning for many people.  For some, it is simply another three-day week-end.  For others, it is the time when the Muscular Dystrophy fund drive is hosted by Jerry Lewis, and so on. 

I have never been a member of organized labor, unless by accident during my six-week 'career' at the Estwing hammer plant in Rockford, IL in the early 1960s.  I have friends who were and still are members of unions.  I have many acquaintances who were and/or are members of unions.  My feelings about the labor movement tend toward the position that they were very important during the later years of the Industrial Revolution and during the early third of the 20th century.  Since that time, I am convinced that unions, in general, have lost the essence of what made them so dominant during those times.  Child labor laws have curtailed that practice.  Employers have come out of the dark ages in most cases and recognize they must treat their employees as humans who are part of the reason for the success or failure of their business.

Among the strongest unions today is the SEIU (Service Employees International Union) run by Mr. Andy Stern.  He has proved to be a consummate organizer and is one of the brightest people in organized labor today of which I'm aware.  I see entities such as 9 to 5 with the soon to be held referendum that would bind employers in Milwaukee to offering sick leave for all employees.  These organizations tend to signal the changes that have been occurring in our country.  The strongest union is one that organized workers in the 'service' sector.  The old United Auto Workers (UAW) struggles with the malaise felt throughout that industry.  Coal miners no longer have the clout that once was theirs.

I see the Democrats in Congress still carrying the water for labor with such things as the open vote effort that would certainly favor organizers and quiet the opposition.  Political power changes hands periodically and that has a great deal to do with the ebb and flow of organized labor.  Labor organizations still have the ability to mobilize tens of thousands of 'volunteers' to get out the vote.  Republicans can only stand in the shadows and lament that they do not have similar clout.

I wonder where organized labor will be in a decade or two or three.  I don't know but I do recognize that change will continue at the same or a faster pace.  Will organized labor find ways to make inroads in India or China?  Will those governments permit such organizing?  If the government of China permits organizing, I wonder at what cost to the workers?  Will unions in the U.S. come together to maintain a level of strength that many have already lost individually?  If so, where will the new leaders come from?  I doubt that heavy industry will be the source of leadership; it more likely comes from the service sector of our economy given the massive shifts in employment in our country.

At any rate, I trust you will have or have had a very pleasant Labor Day 2008.

Traffic Signals...

It looks as though the traffic signals in front of the new Sendik's Food Market should be in operation by the time of the store's Grand Opening on September 4th at 10:00AM.  The work seems to have been progressing very nicely.

That intersection appears to have become more dangerous even though the store is not yet open.  Likely the construction itself has caused much of that with restricted visibility once in awhile coupled with gawkers looking at the new lights, etc.

Having seen their advertisements for some of their other locations, I confess that I'm really excited to see our new shopping venue!  Of course, Pick 'n Save will get better, too, or it'll begin to slip in volume.

River Lane...

Similarly, it looks as though River Lane is about to be opened with the second layer of bituminous topping having gone down and the paint striping being completed.  If the traffic light work involved with that reconstruction is progressing at similar or faster rates, then opening day on Tuesday should be fine.

Hats off to the contractors and village officials for pushing both projects along so nicely.  Weather has certainly cooperated.

Waste Management...

I note that our garbage, normally picked up on Friday of each week has been picked up.  That would appear to indicate that the company has recovered, at least so far as Germantown is concerned, since it seemed to be at least a day or more behind as of yesterday afternoon.

On that same note, a special Village Board meeting has been called for Tuesday afternoon at 5:30PM with one of the latest agenda items to be added that of a discussion about the termination of the Waste Management contract which would permit retaining of Veolia as the replacement firm for Germantown.  I understand this was added at the direction of President Kempinski.

I detected no hint of this during my visit yesterday with President Kempinski who told me that he had talked with Veolia but mentioned nothing of any intent to pursue this action in that conversation.

I may have my facts incorrect, and trust that I'll be corrected if that is the case, but I believe the village's agreement with Waste Management requires a period of five days during which garbage hasn't been picked up before the village has the ability to terminate the agreement.

Harley Visitors...

Our guests from all over the globe seem to be having a great time, and have been very nice visitors.  Fortunately it seems that most drivers have adopted extra courtesies and vigilence...and maybe just a little more patience.

All in all, we seem to be headed for another tremendously successful Harley Davidson Anniversary celebration.  I've not seen any estimates of the economic impact for the area but it has to be in the multiple millions of dollars.

You and me are really great people.  Why is that?  Well, we seem to help bail out just about everything that bangs on Washington's door.

A short time ago, the sub-prime mortgage companies received their bail out; likely the first of their bail outs since Fannie Mae and Freddie Mac are still in the throes of that mess.

Now the automobile industry is in the queue for what yesterday was about $25 billion and today has already climbed to $40 billion according to the press.

Is this a proper use for the tax dollars that are extracted from each of us?  Should we be funding these bail outs for industries that essentially have gone bad because of their own doing?  If you or me were responsible for these 'disasters', we'd probably step up to the plate and take what was coming to us.  But we didn't force people to be too gullible and let people sell them homes they couldn't afford.  We didn't cause the oil price jump because we didn't approve new refineries for thirty years or drill for new fields of oil?

If any of us should be paying 'the price', it seems that the finger of blame needs to be pointed at Washington and the people we send there to represent us.  That group has caused these issues to surface through favors to those putting money into their campaign accounts.  That group has caved in to the environmental groups that are fanatical to the extreme in their pursuit of the ultimate goal they espouse.

Oh, that's right.  We are to blame because we continue to return the same people to Washington in spite of what they do and don't do.  We don't require any 'reparations' for their actions.

Maybe we all need to get a little more involved and a little more vocal starting with our upcoming local elections.  Too may of us simply shake our heads and fume; we really need to be more active in our precincts and districts and villages or cities, and in our counties and states.

I saw a quote in the past few days that went along these lines:  "Too many people have died for our freedoms for us to not vote."

The 'virtual fence' that was approved by Congress to extend across hundreds of miles of the border between the United States and Mexico has been been put on hold indefinitely.

Why?  Well, it seems that the Interior Department has not signed off on the use of its lands.  These officials have refused to accept an environmental assessment that the towers, cameras, etc. would have no appreciable effect on the lands.

Even though the Department of Homeland Security has the authority to waive environmental laws for border security projects, it apparently does not extend to the virtual fence projects.  Sounds like the typical governmental bull!

An employee of a Florida hospital testified recently about the costs of treating illegal immigrants in one hospital.  You can watch the testimony by clicking here.

The citizens of this country finally prevailed on border controls, and yet the government continues to thwart this solution.  It seems like someone is a bit confused on just how this country works.  The people in these various departments are employed because we pay taxes to support their employment.  I am tiring of those within the system who pervert it to their own will.

As we watch the Summer Olympics, we see the pageantry and the heroics of the athletes from around the world. 

We don't see the oppression that has persisted for centuries in China and that continues to persist under the very noses of those who are walking the streets of Beijing.

TV cameras and microphones have been installed in all the taxi cabs and are remote controlled by the authorities to be sure that no one says or does something threatening to the regime.  130,000 police and soldiers are present ostensibly to protect the attendees.  They also help assure that the opposition will be suppressed during the games.

300,000 Chinese citizens augment the 130,000 people mentioned above as additional eyes and ears.  Reporters are subject to censorship.  Passports are summarily pulled from some reporters who have sought to broadcast by telephone back to their home countries.  That is a subtle form of reminder that the regime is in complete control and that one shouldn't forget it.

Against this backdrop, the President stood aligned with Chinese protestants this morning to deliver a few words of support.  We don't know what kind of persecution will follow when the reporters and TV crews leave, but we can remember the Tienanmen Square episode of a few years ago and draw upon those scenes of brutality to get some idea.

China is China.  Nothing more and nothing less.  It owns a big chunk of America.  It spies on us every day.  It works to find weaponry that can be used against us.  It still wishes to defeat us; if not on an actual battlefield, then in commerce.  We seem to forget these things, but they are critical.

Bus Instead of Drive...

The Riteway/WCCE bus to and from the State Fair is a great deal in my estimation.  I have become a convert after this my third year of using this service.  A pleasant ride down and back.  Buses every half-hour.  Clean.  Relatively inexpensive.  And, discounted State Fair tickets courtesy of All American on Mequon Road in G'town.

Future Drop-Out?

Soon after arriving, I had an experience that has haunted me since.  I do not mean to be offensive, but I suspect some will be offended.  I heard a man hollering and saw, some distance ahead, a mother and son (about 5 years old).  All were well-dressed and neat in appearance.  They were working on some problem the son was having and the son had dropped a near-life size Spiderman game prize on the street while this went on.  That father was furious that 'Spidey' was on the street (although the street was clean and dry for a street).  The mother, who had been quiet until the hollering began, also commenced to scream and berate the boy.  The boy looked bewildered and then began to cry, only provoking more hollering and the use of epitaphs that refer to one's mother derogatorily.  Both mother and father used this term in addition to telling the boy that he was "stupid".  Then, the father, apparently having done his duty, turned and left to go back in the direction of the inner fairgrounds eating his 'blooming onion' while the mother and son walked toward the exit on 84th street.  Mom continued to berate the son verbally.  I didn't see any physical involvement.  There was no intervention by fairground security if they were even aware.

This was a 'stomach-turning' display.  There is no other way to describe it.  It was so out of the ordinary for me that I was dumbfounded.  It was over very quickly for me (except for the images in my mind) but the little guy lives in that world 24/7.

Frankly, this immediately brought to mind another drop-out at the age of fourteen or so adding to the woes of the Milwaukee Public School system and society some nine years from now, if it takes that long, and if he survives that long.  What kind of future does that young man have if he continues to be raised and educated in his current environment?  Where did society take the wrong turn that created the environment that produced Mom and Dad?

Economic/Political Indicator?

There seemed to be less lugging of mops and brooms and other 'fair goodies' this year than last.  The hawkers had smaller audiences, if an audience at all.  I saw two political party booths: Democrat and Libertarian.  I may've missed the other major party's booth but I don't know where it was.  If it is any consolation, neither were over-populated at the time I passed them.  To think the people were all at the other party's booth is, however, to be naive.  I saw one Obama button being worn and that was by a person who had boarded the bus in West Bend.

That was it for this year's fair experience other than to say the weather couldn't have been better.  We again saw Rhonda and her husband performing at Rupena's renewing a friendship of my wife's.  I guess my overall experience of the fair was over-shadowed by that early encounter with the highly dysfunctional family.  That was a 'downer', to borrow a term from a younger generation, that I'll carry for some time.

Is 'perversion' too strong a term?  I don't think so.

The EPA has turned down attempts by the State of Wisconsin to relax the ill-conceived S.E. Wisconsin requirement for 'reformulated' gasoline even as we are virtually in full attainment.  That was probably dwarfed by comparison to the decision it announced that it was denying the State of Texas' request for a cutback on the amount of ethanol required to be blended with gasoline.

There is a radio commercial playing in our market that is sponsored by the ethanol lobby that makes the case, in essence, that we, who question the use of corn to make ethanol, are over-reacting and need to check our facts.  I am angered every time I hear that commercial, including this morning as it played while I was shaving...with a blade.  That could've hurt!

The simple facts are being ignored by the EPA, Congress and the President.  And, these aren't stupid people.  This is intentional ignorance.  Our food prices are going up, and it is caused in part by the insistence that ethanol be blended with gasoline even as us taxpayers pay the price for the ethanol support being paid on every gallon.  The other part of the increase is obviously that caused by the fact that Democrats have so far refused to relax their stance against oil drilling here and now.

Back to ethanol.  It is causing many cattle ranchers to reduce their herd size because they can't afford the feed to grow them for market.  The prices for chicken and beef are rising at a rapid pace.  I looked at flank steak a few days ago since it always used to be a relatively lower priced cut of meat.  That is a thing of the past.  I bought chicken breasts a few days ago and was astounded at the prices I saw on the packages.

I know that my mileage with reformulated gas is less than it was before that edict; about 10% worse.  I know that ethanol is much less efficient in terms of the energy it generates than is gasoline.  So, I am burning more and getting less.  A double-whammy in our part of Wisconsin.

The EPA stated that there was "no compelling evidence" that the mandate for ethanol is causing "severe economic harm".  That had to have been spoken by a federal employee who is reimbursed for his or her mileage...from our tax dollars  These people simply have no contact with reality, or manage to suppress the lessons they really learn in order to be a "dutiful servant of the people".

As if all this isn't enough to put me into a deep funk, I am confronted with the idiocy that is called political campaigning where people talk about wind power, sun power, and bio-fuels while not mentioning oil or coal or nuclear power.  How in the world are we supposed to leap forward a decade or more when technology is not yet even available to soften our landing?

We are in real danger of becoming a third world nation if the current policies are not changed and changed quickly!  Our economy simply cannot withstand the political assault it is under.  And this is not a political assault from another country...it comes from within.

So, I don't think calling the EPA the Environmental Perversion Agency is much of a reach. 

And I, for one, am very, very tired of the elected people we all put into office forgetting who it is they represent, and what it is we want.

Barack Obama has now decided that he needs to promise another round of stimulus checks that are discussed as being in the range of $1,000 for every family and $500 for individuals.  Now, of course, even in the federal government, money does not grow on trees.  This 'reward' for electing Obama and the Democrats has to be paid for.  After all, they apparently hold to the approach that all things done within the government must be "revenue neutral".  So, if money is going to be given to one person, it must be taken from somewhere else.

The 'somewhere else' in this instance is destined today to be a take-away from "big oil" through what is artfully called a "windfall profit tax".  A Wall Street Journal editorial today takes an intriguing look at the concept of such taxes including some individuals that seem to have benefited from windfall profits.. 

There is a certain arbitrariness to all this posturing. 

First, from whom or what will such money be taken?  Well, why not target those nasty "big oil" companies.  They are, after all, socking money away at record levels.

Second, what is it that constitutes a "windfall" profit?  Well, this one seems to differ with the magnitude of "big oil's" profit, so it really becomes whatever the Congress thinks it is...and it can be different when applied to different entities and/or at different times.

Third, doesn't this become very much a form of nationalizing parts of companies?  How does this differ from Hugo Chavez' approach in Venezuela other than in degrees?  Chavez decrees that the company will be 'nationalized' and seizes whatever assets exist for which he doesn't feel obligated to pay stockholders.  So if, for example, "big oil" earns a combined $10 billion, and if government decrees that it should've only earned $5 billion, the windfall profit tax levied is essentially consuming half the industry.  

Fourth, from whom is this "windfall profit" being taken?  Why, from the stockholders of the companies...and those stockholders are individuals, mutual funds, pension funds and so on.  Too many people are seemingly unable to work through this.  This money comes from them, goes to Congress and is re-distributed to other 'thems' after, of course, a few dollars are siphoned off to go to this or that pet project that gets tacked on to the legislation as it wends it way through the voting process.

Fifth, the oil companies simply pass the lost profit on to their customers in the form of increased prices to cover this unanticipated 'cost' that was levied against them.  You and me pay this at the pumps, and when we turn on our lights and heat our homes and buy food and other necessities since virtually everything is dependent upon oil at one or another stage in the process.

Could it be that there really is nothing to which we can refer as a federal give-away?  The federal government doesn't earn dollar one; it only takes from you and me.  If it doesn't have any money of its own, then it really is only re-distributing our money like an inefficient Robin Hood.  Robin didn't have the need for large sums from his takings such as Congress seems to have.

This sure sounds very much like socialism doesn't it?

A week ago, I Blogged about Chrysler ending its leasing operations, and suggested that GM and Ford were close to the same decision.  All this due in major part to the declining residual value of the trucks on lease.

GM announced a major hit in the last quarter with the loss of over $15 billion.  It is very near the precipice, in my opinion, where it will need to actively consider bankruptcy.  It has a market value today that is a mere shadow of what it was just a year or two ago.

And now, foreign auto makers are facing similar pressures although certainly not yet to the degree that U.S. auto manufacturers are confronting.  BMW announced that it will raise prices and reduce production to stave off the problems faced by others.  Nissan has begun to show signs of problems.

Our worldwide vehicle companies are in the throes of a major set of problems that could very likely result in fire sales or outright closures of some old-line companies.

A significant part of these problems can be traced back to fuel prices that have impacted our economy and those of other countries around the world.  The costs of fuel have driven down auto and truck sales.  This drain on spendable dollars has also taken a huge toll on the rest of our economy.

And, against that backdrop, what has Congress done about these problems?  Through the stalling tactics employed by the Democrat-controlled House and Senate, NOTHING has been accomplished.  They continue to say NO to oil, NO to nuclear, NO to coal.  They feel that we need to suffer to the point that we'll roll over and let them take us where they have intended to take us for years.

We are facing some of the most serious economic issues of several generations and our government thinks this is the 'medicine' we need to get our heads more properly attuned to their 'vision' of what the U.S. and the world needs to look like in the coming half-century.

If there is any 'good news' coming from Washington, it is the fact that the law-makers have gone on their August 'vacation'.  The bad news is that our government will remain paralyzed until after the new government is sworn in in 2009.

We cannot afford to simply sit back and watch this mess play out.  We need to drill here and drill now!  That signal will further depress the price of crude oil on the world market and begin the process of our economic recovery in a big, big way!  As a pundit said in the last day or two, it is really hard to install a wind generator on your personal vehicle.  It is really hard to wean our country from its primary source of vehicle fuel overnight...and it is absolutely a crime to force us into the coming series of bankruptcies to try to prove some point that is unsupported by science.

I cannot fathom what goes on in the minds of Nancy Pelosi and Harry Reid.  I cannot believe that normal human beings have the kind of disregard for their brothers and sisters that these two seem to evidence.  I know that politics is referred to as a "blood sport", and I don't necessarily mind them spilling their own...

But I really have to draw the line when they metaphorically spill yours and mine and never even blink in the process.

Governor Doyle heard from his Wisconsin-based study group on carbon footprints, wind generators, etc., etc. a few days ago after it spent 16 months studying the 'problem'.  He recently defended his participation in the Midwest Regional Greenhouse Gas Reduction Accord Advisory Group (the acronym MRGGRAAG just doesn't work for me, by the way) by saying that the various regions across America have to get to work on the issues surrounding us without regard to what others may or may not be doing.

What is missing in all this rhetoric?

Our environment is globally-dynamic.  Remember the Mount St. Helen's ash clouds moving around the earth?  Do we see any continuing issues from that eruption other than (possibly) in the immediate vicinity?  How about forest fires?  Our small local, state or regional efforts to solve the perceived ills of the globe might be likened to the effort to drain Lake Michigan with a thimble.  The dynamic environment is pouring water into the lake all the while we're trying to empty it with our thimble and we think we're having a noticeable impact?

This is yet another vestige of the climate change/global warming/global cooling group.  There still is no scientific proof behind the myriad suppositions.  Nothing has changed since the last time we discussed this other than for the rhetoric to have been dialed up by the Gore groupies. 

Just as the United States threatens its own economy by thinking it needs to establish the magical 'cap and trade' marketplace when China and India and the emerging economies in the rest of the world ignore the issue, it is equally as damaging to Wisconsin and the Midwest to think that it can solve the 'problem' in the face of much greater odds.

Just because John McCain was unwise enough to voice support for a national 'cap and trade' plan for campaign purposes alongside Barack Obama, it still isn't true.  Al Gore notwithstanding, this is bunk...but I repeat myself.  I far and away prefer the 'preaching' of Representative Jim Ott (an accomplished professional meteorologist and student of the sciences).

The Governor's medicine threatens the patient far more than the perception of a 'problem' that has yet to be proved. 

Have I lost my mind?  I hope not.

My concern is this:  With gas prices dropping and now at the mid $3.80s per gallon, will we lose our impetus to keep the pressure on our elected officials to get more drilling going and to relax the myriad rules on new refineries?

We are a strange group, we humans.  We got used to paying $4.20 per gallon for regular for a week or two and now we're "saving" nearly $.40 a gallon.  We forget very quickly that only a year or so ago we were paying a dollar or more less for our gas.

We seem to forget that we were upset over ethanol and its impact on our mileage and on our food prices.

We seem to forget that reformulated gas is costing us more and causing lower miles per gallon.

Are we going to meekly go about our daily business now until prices go back up?  Are we going to give our politicians a 'free pass'? 

Are we going to let the presidential candidates avoid dealing with this issue...even though they'll make promises that'll probably be forgotten in a week or two?

Are we going to demand that our state representatives push hard to get the ethanol lobby off our backs?

This discourse from a CNN interview of Speaker of the House Nancy Pelosi (D - California) by Wolf Blitzer on July 17th, concerning offshore oil drilling legislation, appeared in the Notable & Quotable block on the WSJ Opinion page a couple of days ago:

Blitzer:  John Boehner, who's the Republican leader in the House, he says you have to let this come up for a vote.  He says that you're walking your blue dogs, who are moderate and conservative Democrats, and other vulnerable Democrats off a cliff by not allowing this to come up for a vote, the offshore oil drilling legislation.

Pelosi:  Is that right?  Well, you know, just because John Boehner, who is my friend and whom I respect, says it, doesn't make it so...

Blitzer:  Are you afraid if this comes up for a vote in the House you will lose, given support for offshore oil drilling among these so-called blue dogs, or moderate Democrats, who will join with the Republicans?

Pelosi:  Afraid is not a word that is in my vocabulary...

Blitzer:  So let me get - will you allow this issue, offshore drilling, to come up for a vote on the floor of the House?

Pelosi:  We're going to exhaust our other remedies in terms of increasing supply in America by...

Blitzer:  So the answer is no?

Pelosi:  I have no plans to do so.

Here we see that there is a single reason for no vote on offshore drilling to reduce our dependency on foreign oil and to force oil prices down.  That reason is Speaker of the House Nancy Pelosi (D - California).  Sen. Harry Reid (D - Nevada) who is the Senate Leader need not risk his skin so long as she is willing to carry the water for the Sierra Club and other environmental groups paying the bills for many liberals in Congress.  She is simply not going to permit the vote to occur.  That's democracy from a liberal perspective, I guess.  Play by my rules or I'll take my ball and go home.

We really need to remember these kinds of attitudes and the obstructionist moves when we go to vote in both September and November, but especially in November.

We really need to get in front of the Democrats in both the House and Senate and let them know in no uncertain terms that we want an up or down vote on offshore drilling.  And we don't want some political gamesmanship that makes it seem as though there is such a vote; this must be a single item bill before both chambers that has no waffle language and no add-ons that can be blamed for a "no" vote by one of our elected Representatives or Senators.

They're either with us or they're against us!  It really is that simple.  This isn't a Democrat or a Republican issue; this is impacting everyone of us no matter our political persuasion.  It is costing thousands of jobs.  It is draining millions of bank accounts.  It threatens our economy far more seriously than did the trumped up mortgage 'crisis'.  That it would be blocked by the Democrats places the blame squarely on their shoulders, however!

Barack Obama is the presumptive Democrat nominee for President of the United States.  He and his campaign staffers, and much of the press, appear to also have concluded that he is the presumptive President of the United States. 

The audacity of Obama is yet again on center stage for all to see.  He has kowtowed what passes for the 'free' press and the big three networks have trailed along in awe of the new President.  His campaign staffers refer to him as President when they say things such as, "When the President speaks..." which they did in the last day or so.  His campaign staffers refer to him as President when they create the phony 'Seal' that appeared on the podium behind which he was speaking.  Nothing about this campaign is an accident except for when Obama speaks extemporaneously without benefit of scripting.

Obama gets a 'free pass' on all this because the press is in his back pocket.  Thank goodness there is a Fox News Network.  Were that not the case, Obama would already be living in the White House so far as public opinion was concerned.  The election is a foregone conclusion.  He will undoubtedly deliver his 'inaugural speech' in Denver at the Democrat Convention; why wait for January 2009 and the Inauguration?

The 'World Tour' has taken him to Afghanistan, Iraq, Israel and on to Europe.  He has become an expert on foreign affairs.  He is telling General Petreaus when and where to position troops.  He has already convinced most that he, alone, can resolve the domestic issues.  He is the 'whole package'.

Hard to believe that this is a person who got a law degree, served as an Illinois state senator and has been in the U.S. Senate for 143 days of actual Senate sessions (as Jay Weber pointed out this morning on WISN 1130AM).  He is obviously the gift of a lifetime to us citizens who apparently have been stumbling about in the darkened wilderness all this time.  How in the world have we managed to even feed ourselves without Obama's guidance?  And we thought that JFK was something!

He may become our President, but he isn't there yet.  I, for one, am sickened by the sycophant press.  I am angered by the lack of criticism for Obama's actions.  This man has changed more positions than most people hold to begin with.  Politicians are chameleons, but he is the master chameleon.  He has built one of the most effective campaign organizations ever seen in our country or the world, for that matter.  It puts the 'Clinton Machine' to shame.

It seems that we now elect our leaders based on their charisma alone without regard to their experience.  That will demonstrate the shallowness of us as a people if he prevails.  As always, we will get the government we deserve.