Barney Frank Present for Partner's Pot Bust

Unbelievable.
Barney Frank Present for Partner's Pot Bust - Link to article technorati


What the headline would read had Barney been a Republican:

Conservative Republican Frank's Homosexual Lover Jailed for Illicit Drug Production Facility.
Senate Censure Hearings Scheduled Tomorrow.

And after beating this to death for the next three weeks:
Disgraced Conservative Republican Frank to Announce Resignation Over Homosexual Drug Escapades.
Speaker Pelosi Appalled by Blatant Disregard of Senate Ethics.

Story line reads:
After years of corruption and a troubled past with law enforcement, Senator Barney Frank (Republican-NY) has been forced to step down, "For the good of the Country".
Starting with an arrest in the early 90's, when Frank's homosexual lover was running a gay prostitution ring out of their domicile in NY, to running a drug ring in Maine that included growing and harvesting crops of marijuana, Frank's police record reads like a two-bit felon.

Add to that the years of wildly unethical behavior as a US Senator, including taking massive bribes, using financial institutions that he was instrumental in regulating for his own personal gain, and blocking investigations that would reveal such.

All in all, Senator Frank has disgraced the honorable position in the US Senate that he held for long enough.

We here at the Neeu Yak Timmeys support his immediate ouster.

There is word that Scuzzyfaluzza is looking for work too...

Toxic Bonuses?

Once in a while some ideas are so good they must be considered. Like having slum-lords living in their own houses, the guys at Base Line Scenario have struck gold on this one:

-snip-
Why not say that all bank compensation above a baseline amount - say, $150,000 in annual salary - has to be paid in toxic assets off the bank’s balance sheet? Instead of getting a check for $10,000, the employee would get $10,000 in toxic assets, at their current book value. A federal regulator can decide which assets to pay compensation in; if they were all fairly valued, then it wouldn’t matter which ones the regulator chose. That would get the assets off the bank’s balance sheet, and into the hands of the people responsible for putting them there - at the value that they insist they are worth. Of course, the average employee does not get to set the balance sheet value of the assets, and may not have been involved in creating or buying those particular assets. But think about the incentives: talented people will flow to the companies that are valuing their assets the most realistically (since inflated valuations translate directly into lower compensation), which will give companies the incentive to be realistic in their valuations. (Banks could inflate their nominal compensation amounts to compensate for their overvalued assets, but then they would have to take larger losses on their income statements.)

We can dream, can’t we?

-/snip-

Since most House & Senate Democrats and some RHINOs were responsible for a lot of this idiocy, (Barny Frank, Chris Dodd, for two), it would be reasonable to extend these benefits to members of the House Banking Committee and so forth.

And, to pay for Porkulous 2009...

Rejected Super Bowl Ad: Thanks NBC

Californians sitting on a gold mine (oil) propose, yet, higher taxation

Okay, riddle me this: California is once again beset with out of control spending and the fiscal responsibility of, well, their educational system.
Instead of cutting spending, which you and I would be forced to do, the Governator has decided to raise taxes--again.

California ALSO has so much oil that it is continually leaking into the oceans and polluting shorelines like Santa Barbara.

Wouldn't it make sense if Californians demanded that all this oil be pumped and sold on a market that is again moving past $40 and likely to hit $80 by this Summer?

The Saudi's don't seem to have a problem with selling oil to anyone. All that money they make comes from taking something from their back yard that they can't and won't use. By converting it into massive wealth they prove that oil is a lucrative business (duh). A good deal of that wealth is used for good. An appreciable amount is not. We would like to curtail the not part.

Would California oil help their economy? yep
Remove our dependence on foreign oil? to a degree
Provide a source of high paying jobs? ask those oil dudes in Wyoming
Provide immediate energy solutions for a state that has the most cars? Honk

Solving California's budget shortfall and helping the U.S. generally would solve too many problems that keep politicians Dumbascrap.

Of course they won't try it.

Throw the Stinking Bum Out

Murtha Race Tightens After 'Racist,' 'Redneck' Remarks

Rep. John Murtha finds himself in a statistical tie in his re-election bid as Western Pennsylvanians take issue with being called "racist" by their congressman.

FOXNews.com

Thursday, October 23, 2008

FILE: Rep. John Murtha, D-Pa. (AP Photo)

Rep. John Murtha, who recently called constituents in his western Pennsylvania town "racist" because Barack Obama may not win big there, is 4 points ahead of his Republican challenger, retired Army Lt. Col. William Russell, within the Susquehanna Poll's 4.9-point margin of error.

The Pittsburgh Tribune-Review ordered the poll of 400 likely voters on Tuesday as discussion centered on Murtha's comments. The 18-term Democratic congressman apologized for his initial statement by saying he meant only that skin color will be a factor in the race between Obama and John McCain. Murtha later said many Western Pennsylvanians were "rednecks" until recent years.

Russell, who served in Iraq, is the first challenger to give Murtha a run for his money in years. His campaign told the newspaper it was buoyed by another statistic in the poll -- the 54 percent of voters who said it's time someone else represented them in Congress. Thirty-five percent say Murtha, a Vietnam veteran, should be re-elected.

The poll comes as internal polling leaked from the Obama camp showed the Democratic candidate only 2 points ahead of McCain in the Keystone State, suggesting the race is much closer than the Quinnipiac poll out Thursday that shows Obama with a 13-point lead in the state.

Pennsylvania voted for Democrat John Kerry in the 2004 election, but is seen as one of the few blue states that could swing red this year. McCain has spent considerable time in the state.

Kansas Sen. Sam Brownback, a McCain supporter, said a lot of eyes are on Pennsylvania because of comments like Murtha's, as well as Obama's remarks about spreading the wealth and redistributing income as a means to prosperity.

"That really riles people up and they are citing that everywhere and they are upset about it," Brownback said of Murtha's remarks. "The politicians say, 'This is what I think about you folks here,' and they don't like it and they are fired up about it, and they're getting involved."

Click here to read the Pittsburgh Tribune-Review article on the Murtha-Russell race.