After all, in no particular order, we would have to close the borders; adopt English immersion in our schools; give up on the salad bowl and return to the melting pot; assimilate, intermarry, and integrate legal immigrants; curb entitlements and use the money to fix infrastructure like roads, bridges, airports, trains, etc.; build 4-5 new damns to store water in wet years; update the canal system; return to old policies barring public employee unions; redo pension contracts; cut about 50,000 from the public employee roles; lower income taxes from 10% to 5% to attract businesses back; cut sales taxes to 7%; curb regulations to allow firms to stay; override court orders now curbing cost-saving options in our prisons by systematic legislation; start creating material wealth from our forests; tap more oil, timber, natural gas, and minerals that we have in abundance; deliver water to the farmland we have; build 3-4 nuclear power plants on the coast; adopt a traditional curriculum in our schools; insist on merit pay for teachers; abolish tenure; encourage not oppose more charter schools, vouchers, and home schooling; give tax breaks to private trade and business schools; reinstitute admission requirements and selectivity at the state university system; take unregistered cars off the road; make UC professors teach a class or two more each year; abolish all racial quotas and preferences in reality rather than in name; build a new all weather east-west state freeway over the Sierra; and on and on.
Saturday, April 24, 2010
Dreamin' California
Did You Know...
If you are surprised to learn that, it might be because you have trusted the mainstream press when it has told you -mostly based on their own distorted reporting- that “Christians -especially Catholics- hate science and would send us back to the Bronze Age.” The press -and more than a few politicians- like to pretend that faith and reason cannot co-exist, or that science is anathema to the church.
It takes only a search engine and a few minutes of one’s time to learn that nothing can be further from the truth, or to discover the names of great Christian scientists who go mostly unsung. Why would the mainstream media prefer to generate an ignorant and erroneous conventional wisdom over the simple truth? Aw, you guess.
Friday, April 23, 2010
Up The River
Sarah Palin testified Friday about the disruption and hurt caused when her e-mail account was hacked during the 2008 presidential campaign and said outside court that there should be consequences for what happened.
She declined to say if she thinks conviction of the 22-year-old defendant should lead to prison or if community service would be punishment enough. “That’s up to the judge,” she said when she stopped to talk to reporters outside the courthouse.
Former University of Tennessee student David Kernell, the 22-year-old son of a Democratic state lawmaker, is charged with hacking the Yahoo! e-mail account as Palin campaigned in 2008 as the Republican vice presidential candidate.
Kernell faces up to 50 years in federal prison if convicted of identity theft, mail fraud and two other felony charges. His lawyer has said the case is a prank and Kernell had no criminal intent.
As Palin walked to the witness stand, some jurors smiled at her. The first question from Assistant U.S. Attorney Greg Weddle was, “May I call you Governor Palin?”
The former Alaska governor smiled almost constantly through 30 minutes of testimony as she told jurors about the disruption the hacking caused for her family and close friends when their e-mails and phone numbers were publicized on the Internet.
Financial Reform School
1. No exit strategy from government support for subsidized, lenient mortgage credit. No curbs on Freddie and Fannie, whose market share has skyrocketed in the past year and a half. No increase in down payment requirements for FHA, which is in deep doo-doo.
2. No change to the role of credit rating agencies, as far as I know. It seems to me that one thing that everyone, left and right, can agree on is that the regulators outsourced their function to the credit rating agencies, and this worked out badly. As far as I know, the bill does not correct this flaw. Perhaps it tries to, but other provisions have gotten more attention.
3. Nothing to address the issue of "cognitive capture." The regulators will still get their analysis of the financial sector from the CEO's of the largest banks.
For me, the big hole is the complete absence of any reform of Fannie and Freddie. They are simply left in their present ambiguous position: they remain "private" companies (with their attendant high salaries and perks), yet their liabilities are being back stopped by the government to the tune of $400 billion and counting. Maybe the private/public dichotomy helps company executives sleep at night, along with their naive belief that they are providing "affordable housing," but the fact is that these are now government agencies in all but name. The government is running an off-the-books progressive housing policy that continues the basic abuses that led to the financial crisis in the first place, yet everyone who matters seems content to stand around pretending there is nothing wrong.. I don't know, seems like something the congressional Republicans could complain about, but mostly I'm hearing crickets chirping.
Kling is also critical of the very idea of a consumer financial protection agency on the ground that the abuses in the mortgage industry were a net benefit to consumers:
I have to rant about the notion of a consumer financial protection agency. I know that it's axiomatic that poor people are helpless victims. But in the case of these mortgages, that is a really hard sell. The banks did not take from poor people. They gave to poor people. If you were lucky enough to get one of these exotic mortgages when house prices were still going up, then you got to reap a nice profit on your house. If you were not so lucky, you lost...close to nothing. I'm sorry, but if you borrowed up to 100 percent of the value of the house or more, then all you really lost were your moving expenses.
What about predatory lending? As I understand it, the idea of predatory lending is to saddle the borrower with an expensive mortgage so that you can foreclose on the property and sell it at a profit. How many times did that happen? Have you read of a single instance in the past three years where the bank made a profit on a foreclosure?
All too true, but I don't think it's out of bounds to suggest that the government police consumer lending more energetically. For one thing, if you have banks making loans to people whom they know will have a difficult time paying them back, that should be troubling. The folks who were sold exotic mortgages often had no idea what they were getting. Then, when they realized they couldn't make their payments, many went through months of financial and personal travails trying to hold it all together. The social and personal damage this has caused is obvious and not something that can just be brushed off (although I agree that "predatory lending" is one of those amorphous BS evils beloved of hack screenwriters and hustling progressives).
Look, after mortgages, the most complicated loans people enter into are probably the ones they take out to buy cars. Auto loan documents are long and filled with legalese, yet they are also put together in a way that is at least cognizable. And there isn't any great mystery about their contents. When was the last time you heard of wide-spread abuse of auto loans? Why can't you have the same basic level of comprehension for mortgage docs? And, don't even get me started on credit card "agreements" that (1) are incomprehensible (2) written by the lender to favor the lender in all possible situations and (3) which the borrower often doesn't see until after he's entered into them. No, I think there's a lot of legitimate work for a consumer financial protection agency to do without tripping over legitimate areas of the free market.
Of course, being a racist hater, I need to point out that the reform bill does nothing to resolve the "Too Big To Fail" problem. Just ask the Tea Partiers over at ... NPR: Experts say Bills Won't End Too Big To Fail
We at Planet Money did an informal survey of economists and regulatory experts on the left and the right. We couldn't find any who fully endorse the reforms backed by President Obama and Democrats in Congress.
Everyone thinks the reforms just aren't enough to solve the problem.
Take, for example, "too big to fail" -- the idea that if one of the largest banks in the country gets into trouble, the government will save it with taxpayer money.
"A vote for reform is a vote to put a stop to taxpayer-funded bailouts," Obama said in his speech in New York on Thursday.
I cannot find any experts -- of any party -- who are willing to agree with Obama on this one.
"We're not seeing a very forceful step on the too-big-to-fail problem," said Carmen Reinhart, an economist at the University of Maryland. "If there's any doubt that the crisis may be systemic, we will bail out again."
So, if a major bank says, "Hey, save us or the economy will go under," the government's going to save the bank. Full stop.
Groan.
Thursday, April 22, 2010
Taking A Constitutional
1. Eliminate the 2/3 legislative majority required to pass a new budget.
2. Eliminate popular referenda.
3. Move closer to a Swiss-like "veto only" system for referenda.
4. Eliminate the power of referenda to authorize state-level expenditures.
5. Cap state-level expenditures.
6. Regulate state treatment of pensions more strictly, to encourage fiscal responsibility.
7. Amend the constitution to make it harder to...amend the constitution.
1. Double the number of State Assembly members and State Senators2. End the term limit requirement3. End the "supermajority" rule that gives the far-right minority veto power over the state's budget4. End all state tax exemptions for extractive industries (especially oil) and big agribusiness5. Triple the number of signatures needed for propositions or recalls and forbid any group or organization from paying people to acquire signatures.6. Place strict limits on out-of-state money coming into California to influence elections and impose even stricter spending caps on all political money spent in Sacramento either on lobbying or campaign contributions.
3. end the use of propositions to pass bonds and spending measures. Those are properly the subject of our representatives. Let them vote on this stuff.
4. Make it a lot harder to get propositions on the ballot. No more legislative propositions, for one thing. And increase the signature requirement for petitions to 2 million. Any proposition that passes can be voided by the legislature. Any proposition requiring any public expenditures must contain sunset clauses.
1. Repeal Prop. 98, which sets a constitutional standard for K-12 education spending, and is a real budgetary straight jacket.2. no collective bargaining for public sector unions3. Strengthen property rights and take other steps that can open up the housing market and lower housing costs. That means: declaring rent control unconstitutional, no more open space laws, increase the burden on local governments to adopt restrictive zoning laws.
Wednesday, April 21, 2010
Hey, Ya'll, It's Basketball
With a dozen bidders - including billionaire Larry Ellison - signaling interest in the Golden State Warriors, the team could fetch owner Chris Cohan more than $400 million, according to those close to the sale negotiations.
In addition to the Man from Oracle, Mark Mastrov, founder of 24 Hour Fitness, based in San Ramon, has also expressed interest. Mastrov tells us he might eventually even bring some of his sports pals like Lance Armstrong, Shaquille O'Neal and Magic Johnson into the deal.
A group of Silicon Valley investors that includes Riverwood Capital executive Michael Marks and Silver Lake equity co-founder Jim Davidson - which bought a 20 percent stake in the Warriors when Cohan ran into tax troubles - is expected to be in the hunt as well. Neither Marks nor Davidson returned our calls seeking comment.
Another basketball-loving Silicon Valley exec, who asked that we not publish his name, has also been privately mentioned as a possible suitor.
Tuesday, April 20, 2010
The Establishment
There's a different way to think about the bailouts, namely that the U.S. government stands at the center of a giant nexus of money raising, most of all to finance the U.S. government budget deficit and keep the whole show up and running. The perception at least is that our country requires the dollar as a reserve currency, requires New York City as a major banking center with major banks, and requires fully credible governmental guarantees behind every Treasury auction and requires liquid financial markets more generally. Furthermore the international trade presence of the United States (supposedly) requires the federal government to strongly ally with major commercial interests, just as our government sides with Hollywood in trade and intellectual property disputes. To abandon banks is to send a broader message that we are in commercial and political decline and disarray, and that is hardly an acceptable way to proceed, at least not according to the standards of the real Washington consensus.
In other words, it's our government deciding to assemble a cooperative ruling coalition - which includes banks -- at the heart of its fiscal core. It's our government deciding who belongs to this coalition and who does not, mostly for reasons of political expediency and also a perception - correct or not -- of what is best for the welfare of American voters. If we don't in this year "get tough" with banking regulation, it's because our government itself doesn't want to, not because of some stubborn recalcitrant Republicans.
Monday, April 19, 2010
The Rainbow Disconnection
Gay-rights protesters — angered by President Obama's failure to repeal the Pentagon policy that bars out-of-the-closet gays from serving in the military — repeatedly disrupted a fund-raising event where the president was appearing. Tonight's Los Angeles event was designed to raise campaign cash for Democratic Sen. Barbara Boxer, a leading critic of the "don't ask, don't tell" policy.Honestly, these clowns all deserve one another. DADT is hardly the most important issue in the world, no matter how much the Left might want to decry the injustice of it all. But, the Left is all about identity politics and DADT is one of the few areas in public life where liberal politicians can get some cheap applause about fighting discrimination. The best part: applause is all they want. No one actually wants to be the one to lead the repeal of DADT. That is was a policy put in place by a Democratic congress and president, and apparently will remain in place despite there being another Democratic congress and president makes Obama's discomforture all the more entertaining.
several protesters among the crowd interrupted POTUS' speech, expressing anger over the slow progress on repealing the military's "don't ask, don't tell" policy on gay service members. The crowd tried to hush them. "What about 'don't ask, don't tell'?" one protester shouted.
POTUS yelled back "we are going to do that."
POTUS kept talking, increasing his volume to speak over the protesters. The crowd then erupted into chants of "Yes, we can."
He later said, "we are going to repeal 'don't ask, don't tell.'"
Your pooler has learned the protesters are from GetEQUAL, a lesbian, gay, bisexual and transgender group that also orchestrated protests outside the fundraiser. The group was also behind a protest last month at the White House, where activists Lt. Dan Choi and Capt. James Pietrangelo handcuffed themselves to a gate.
Sunday, April 18, 2010
It's Too Late, Baby, pt 2
New York’s insurance system has been a working laboratory for the core provision of the new federal health care law — insurance even for those who are already sick and facing huge medical bills — and an expensive lesson in unplanned consequences. Premiums for individual and small group policies have risen so high that state officials and patients’ advocates say that New York’s extensive insurance safety net for people like Ms. Welles is falling apart.
The problem stems in part from the state’s high medical costs and in part from its stringent requirements for insurance companies in the individual and small group market. In 1993, motivated by stories of suffering AIDSpatients, the state became one of the first to require insurers to extend individual or small group coverage to anyone with pre-existing illnesses.
New York also became one of the few states that require insurers within each region of the state to charge the same rates for the same benefits, regardless of whether people are old or young, male or female, smokers or nonsmokers, high risk or low risk.
Healthy people, in effect, began to subsidize people who needed more health care. The healthier customers soon discovered that the high premiums were not worth it and dropped out of the plans. The pool of insured people shrank to the point where many of them had high health care needs. Without healthier people to spread the risk, their premiums skyrocketed, a phenomenon known in the trade as the “adverse selection death spiral.”
“You have a mandate that’s accessible in theory, but not in practice, because it’s too expensive,” said Mark P. Scherzer, a consumer lawyer and counsel to New Yorkers for Accessible Health Coverage, an advocacy group. “What you get left clinging to the life raft is the population that tends to have pretty high health needs.”
Since 2001, the number of people who bought comprehensive individual policies through HMOs in New York has plummeted to about 31,000 from about 128,000, according to the State Insurance Department.
At the same time, New York has the highest average annual premiums for individual policies: $6,630 for single people and $13,296 for families in mid-2009, more than double the nationwide average, according to America’s Health Insurance Plans, an industry group.
Saturday, April 17, 2010
It's Too Late, Baby
About half the funds to pay for the nation's new $940 billion health law will come from reduced federal government spending on the Medicare program - and, although it's too early to gauge the impact on the 45 million Medicare beneficiaries, the idea is creating anxiety among many of them.
Much of the worry - from both supporters and critics of the health insurance overhaul - centers on the government's plans to cut payments for Medicare managed-care policies called Medicare Advantage. These plans, offered through private companies, cover 1.5 million Californians and just over 10 million nationwide.
"I'm concerned about what changes in services might occur. I'm also concerned about the rise in premiums because I'm on a real fixed income," said Ralph Miller, 69, of Vallejo, a longtime Kaiser member who favors the new law. "I'm just worried about what kind of impact it's going to have on my bottom line."
Jed Christensen, 75, of Napa who describes himself as a conservative Republican, said he expects his health care costs to go up. "We're not getting the answers. I'd like to know so we can budget for this."
The new law proposes $136 billion in cuts to Medicare Advantage over the next decade. The U.S. Centers for Medicare and Medicaid Services started the process this month by announcing plans to freeze Medicare Advantage reimbursements to insurers for 2011 at this year's rates.
The cuts could have a disproportionate impact in California because a greater percentage of the Californians on Medicare - 34 percent compared with the national average of 23 percent - choose Medicare Advantage policies because of the state's long history and familiarity with health maintenance organizations, or HMOs, like Kaiser Permanente.
(sarcasm on) Way to stay current on the news, Chron. (sarcasm off). When Rush Limbaugh, Mark Levin, and many others pointed this out, they were castigated as uninformed haters. They also managed to learn the above before the bill was passed, incredibly enough. The Chron like virtually all MSM outlets saw no reason to discuss the substance of the bill before its passage, preferring instead to focus on procedural nonsense and burble occasionally about "history." Thanks a-freakin'-lot for keeping the public well informed with "important" stories like how black congressmen made a brave stand for civil rights by making up stories about racial slurs.
Friday, April 16, 2010
How To Bust a Union
A group of Oakland parents, frustrated by a nearly two-year battle to remove a reportedly abusive teacher, went on strike Thursday, pulling their children out of school and onto a picket line at the district's downtown headquarters.
Close to 80 percent of Lazear Elementary School's 300 students didn't show up for school Thursday - a loss of almost $9,000 in state funding for the day - and apparently a wake-up call for district and teachers union officials who met with the parents Thursday afternoon to try to resolve the issue.
The boycott was a last resort for the parents, who were tired of the time-consuming and egregious process of getting rid of someone they say is a bad teacher.
The kids at the school mostly come from low-income, Hispanic families. The school is next to a highway (the grim I-880) and is apparently a dumping ground for lousy teachers with tenure. The principal is griping because - get this - you shouldn't be pulling kids out of school a week before standardized testing starts.In nearly two years of teaching at Lazear, the veteran third-grade teacher has repeatedly left his pupils unattended in the classroom and on the schoolyard, physically manhandled students, told children to "shut up," and at one point locked a girl in the classroom because she wasn't moving fast enough, said Olga GalavÃz González, a parent organizer at the school.
Students fear him, she said.
Thursday, April 15, 2010
San Francisco Tea Party - Union Square





