Friday, October 19, 2007

Ted Kennedy to Introduce Legislation Condemning Italy

Democratic Senator Ted Kennedy's spokesperson announced this morning that he will introduce legislation condemning Italy for an act of genocide in its past.

In the mid 100s AD, the Roman Republic launched an aggressive war against the militarily vulnerable city-state of Carthage. Its armies marched into the city, destroyed every building, murdered every civilian, and even sowed salt into the surrounding fields so nothing would grow in them. Rome's brutality marked the largest single massacre of a civilian population until World War II. Neither the Roman Republic, nor its successor the Roman Empire, nor the current Republic of Italy have acknowledged or apologized for this act of brutality. Kennedy said that it is time to redress the wrongs of history. Italy can start with an apology to the current government of Tunisia, then negotiate reparations.

Obviously this is a sham article, but it is not too far off the mark from a real issue. Democrats in Congress have proposed a statement of condemnation against the current Republic of Turkey for atrocities committed by the Ottoman Empire. Turkey rightly refuses to apologize for the actions of another government. President Bush would rather Congress not antagonize one of our few real Muslim allies that is also a long standing democracy.

This becomes a slippery slope. In all honesty we would have to condemn the United Kingdom for their Boer War concentration camps, France for some of their colonial practices, and many others. Condemnations and apologies for historical events make little sense. The current generation does not own the guilt of acts committed before they were even born. Yes this counts Japan and Germany as well. Our sense of justice is supposed to be individual. People commit crimes and need punishment; nations are not culpable to the end of time just because their history has some stain.

The proposed resolution against Turkey is tantamount to forcing an individual to apologize for the crimes of their great-grandfather. There is no point to it, nor fairness in it.

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Add this to the file of "if they had a gun, they would have been fine." In Great Britain, a family was attacked and beaten because they put details of their son's 16th birthday party on YouTube. Over 100 uninvited guests showed up at the residence and demanded entry. They attacked the father and beat everyone else while stealing food and champagne.

A shotgun full of rock salt or wood splinters would have dispersed that mob right away. It would not even happen in West Virginia.

Thursday, October 18, 2007

The Fed, good or bad?

Even with a Finance degree I am just starting to learn about the monetary system in our country. Here are a couple of articles that I will be reading. The question I find fascinating is this: Congress is given the power to print, i.e. "create" money. However this is actually being performed by the Federal Reserve Bank (and I thought they just played with my interest rates...). So, instead of printing our own money, the government is outsourcing this task to the Fed, then selling bonds (think of this as getting a loan) from the same bank. That's all well and good, but those bonds (loans) come with interest. Who pays the interest accumulated? You and I pay it in the form of taxes. Some of what I read indicates that this is as much as 40% of your income taxes going to pay interest on these "loans".

Quick summary, the government needs money so it borrows money from the federal reserve that will be paid back with interest. The federal reserve then asks the government to print the money that they need to loan to the government. Then the Fed charges interest to the government which is paid by your tax dollar.

Wouldn't it be better to simply tell congress to print their own money and stop outsourcing this job for an interest based charge? If you were taught like I was, you were taught that this was done to avoid a conflict of interest on the part of a politician leading he/she to print a bunch of money shortly before election day. Everyone is happy in November, then the country faces huge inflation. Although this isn't much different from the Fed creating a bunch of money on behalf of that politician it does take the accountability off of the Fed and pass the interest on to some of our countries wealthiest families. Afterall, who do you think owns America's banks.

Two possible solutions, First, the Fed should charge a one time fee for its money printing services each year. The job should be left out to bid and awarded to the best company for the job. I am fully aware that this company will make money and they most likely won't be the lowest bidder, it is politics after all. Then again, it would be easy for Americans to find out that they were paying billions if not trillions each year for a private company to decide how much money we should print this year. Keep in mind that the actual printing is done by the government, the Fed is just getting paid for saying how much to print and what interest rate they will charge for that determination. That is the kind of clarity we need from our government right now.

Possible Second solution, get rid of the system. Congress, print your own money and face the people every two or six years if you screw this up! Don't whine that it is too touchy for elected officials to be involved with, so are tax increases, public health care, national defense, and a host of other topics but our elected officials seem to manage to get involved in those areas...what's one more? Roll up your sleeves and earn that lifelong paycheck.

This whole issue is just complex enough to ward off most nosy taxpayers that would question the system. Combine this with the fact that the Federal Reserve Bank, The IRS, and the income tax were founded in the same year, things are a little fishy. Tack on the fact that purchasing the bonds created in the system provides a tax incentive (perhaps a nice word for bribe) to investors who might question the system and we have all the makings of a nice conspiracy. I look forward to reading more about this topic. I hope it turns out to be the best possible solution to the difficult job of determining monetary policy, but it is our job to constantly question those that serve as our representatives and even those that they partner with. I have a few links to articles that I will be reading below. God Bless


Wednesday, October 17, 2007

Romney Devoting Full-time Staffer to West Virginia

Governor Mitt Romney's campaign for the Republican presidential nomination has brought Wendy McCuskey on board as statewide field director. Wendy has previous West Virginia campaign experience, having worked as part of the 2004 President Bush re-elect and during the 2006 legislative election cycle.

Wendy's responsibility is to assist in building Governor Romney's grassroots organization across West Virginia. She is hard working and professional, and has made an extremely positive impact with the campaign. If you're part of a local Republican organization in West Virginia, chances are you'll be meeting her soon.

The assignment of a full-time staff member to the state demonstrates the seriousness with which Governor Romney is taking West Virginia. Couple that commitment with the fact Governor Romney has visited the state nearly a half-dozen times in the past year, and I think you must come to the conclusion that Governor Romney feels as strongly about West Virginia as the President does.

The scheduling of the West Virginia Presidential Nominating Convention, along with West Virginia's competitiveness in the general election, makes the days of our state as a political backwater long gone. It's nice to see someone like Governor Romney working hard to earn our votes.

Tuesday, October 16, 2007

Christy Barnett Shines at Grant County Meeting

The Grant County Republican Executive Committee held a meeting to discuss the upcoming state Presidential Convention. Also in attendance were members of the Pendleton County Executive Committee.

The meeting opened with Christy Barnett explaining what was required of the county to send its members to the state convention. Members must be present in Charleston to vote as no proxies will be allowed. If the delegate cannot attend, then they may appoint an alternate.

Those wishing to be an at large delegate must register for that position prior to November 30th, with the state party in Charleston. If more people than the alloted number allows, then a county convention will need to be held between Jan. 1st and Jan. 14th. It was decided that Grant County would hold another meeting to finalize plans.

Christy went onto explain about the Potomac Highlands Republican Club and the upcoming dinner to be held on Nov. 3rd. Christy explained that the clubs primary function would be to provide support to Republican candidates and support functions. Many attending felt that an organization like this had been needed for along time and welcomed the support it would bring, and thanked Christy for all the hard work she has done for the party and the state.

Monday, October 15, 2007

County Commission told not to interfere by Mineral County Republicans

Last Thursday night, concerned by the results of a recent County Commission meeting, the Mineral County Republican Executive Committee passed a resolution presented by Rose Anne Maine, Mineral County Assessor.

Property Owner Rights and Economic Development Resolution

Whereas… The implementation of building codes, their fees and requirements would adversely impact the economy, cost of construction, property rights, and personal rights of the residents of Mineral County;

Whereas… The citizen homeowners and businesses are struggling as their property tax bills soar having an adverse effect on the economic development of Mineral County;

Whereas… The economy works best in a free market atmosphere free from government intervention and regulation;

Therefore let it be Resolved… That the Mineral County Republican Party urges the Mineral County Commission to oppose any additional tax or fee burden placed on the homeowners, businesses, and contractors of Mineral County;

Let it be further Resolved… That the Mineral County Republican Party urges the Mineral County Commission to oppose any additional requirements placed on building construction within Mineral County;

Let it be further Resolved… That the Mineral County Republican Party supports that building codes only be enacted by the people’s vote.