Elections in the News...

My apologies for not writing in some time.  It has been a hectic week to say the least. 

NY District 23 Race:

• Democrat Bill Owens wins.
• Withing 24 hours of taking office, he breaks 4 crutial campaign promises.
• Republicans spent almost 1 million dollars to destroy Doug Hoffman
• Democrats spent 2 million dollars to destroy Hoffman
• Democrats are screaming failure of tea party
• 8 weeks ago Hoffman was an unknown accountant.
• Hoffman makes the Republican drop out.
• Republican and Democrat double team and win by only 3 percentage points – Can you imagine Hillary Clinton supporting John McCain?
• So really, is this a complete failure?  If you combine the republican vote with the conservative vote, Bill Owns would have lost by 3 percentage points.

NYC Mayoral Race:

• Incumbent Mayor Michael Bloomberg wins re-election.
• Bloomberg spent 100 million dollars to win election
• Only won by 5 percentage points
• Interesting fact - No one wanted Rudy to stay for a few months after 9/11 to ensure a smooth transition of power - city council cried term limits and city constitution
• Yet Bloomberg got city council to change the term limits so he is able to run again - interesting...

New Jersey Governor’s Race:

• Republican Challenger Chris Christie wins.
• And he is a Morris County guy - my home county in NJ.
• First republican to win the overall state for the first time in 40 years.  Sure he didnt carry the typical counties of Essex and Bergen, but this was a race that Christie has no business winning.  So what does that say about Incumbent Jon Corzine?
• It was about the economy - plain and simple.
• Soon to be former Governor Jon Corzine fails to win re-relection, only the 3rd incumbent to loose election in New Jersey history.  Even McGreevy won re-election.  Looks like Jonny boy will join the ranks of Jim Florio (remember the motto - Florio Free in '93?)
• He's to hoping Christie can live up to his promises and may I can afford to return to my home state.

Newsmakers...

Doug Hoffman:

• Independent candidate winning in the district 23 special elections in upstate NY, against a liberal and a liberal republican.
• Recent polls have Hoffman leading the race at 31%, followed by the democrat at 27% with one week to go.

Barney Frank:

• Death Panels for Non-Financial institutions
• Not considered too big to die – Small business

Joe Biden is cutting ribbon in Detroit, ops I mean Deleware for a GM Plant today.  It only happens to be his home state.

Velocity of Money – Money from treasury -> Bank -> Consumer:

• 1970’s USA increased the money supply – inflation was 2 year behind.
• Using that model, inflation would hit in 2011
• Paul Volker, the Fed Chairman at the time, raised interest rates to 20%
• Inflation was 13%
• 2010 – We have inflated our money supply by 120 %
• What would the rate be to pull the money back in.
• There will be a rush into gold – value of Gold could go up to $5,000 to $10,000 a once.
• Double digit inflation

A sign of the times, there are school districts that does not believe in giving zero. Lowest score you can get is a 50%.

Iceland got rid of all McDonalds

• Their monetary system collapsed.
• Can no longer afford to import the meat and cheese.

Nancy Pelosi was asked where in the Constitution “does the Constitution give the authority to provide universal health care?”  Not suprising there was no answer.

NY Times Editorial – “Yes We Can”

• The Climate Change summit in Copenhagen, will make us change personal lifestyle choices and change global economies
• Lord Stern - Meat is a waste of water – we should adopt a vegetarian lifestyle. Meat eaters put a great strain on world’s resources.
• What is the primary source of protein – beans (Soy, ect)
• We must think as global citizens

Claire McCastkill – Missouri

• Of 36 Czars only 30 have any real power
• It began with a rant from Glenn Beck
• We should look at her voting record
• If we don’t like her record, we would have every right to “fire” her.

Baukis Health Care Bill

• The government will cut the doctor pay at least 5% if they provide more care then deemed medically necessary (Death Panel)
• This practice was in play back in the early 1990’s – however it was outlawed as it was deemed too dangerous to patients care.
• States 12 million people would “choose” the public option.
• Taxpayers in states who opt out still have to pay for everyone else.

Alan Grayson – Calls Lobbyist a Whore.

SEIU thugs beat up black man.

Tim Gitner – will use TARP money that is left over (278 billion dollars) as he sees fit to invest. Originally the TARP money was to be repaid to the tax payers.