Now this would work

Grover Norquist of Americans for Tax Reform suggests the $700 billion federal bailout go like this: $170 billion to cut the corporate tax rate from 35% to 15%, $35 billion to eliminate capital gains and dividend taxes, $235 billion to cut the top individual tax rate to 15%, $24 billion to kill the Death Tax, and $240 billion to allow companies to fully-expense capital assets purchased the first year.

Sounds better than the rat hole approach currently underway.

The auto bailout in one sentence

If we "protected" horse buggy manufacturers when those newfangled cars came along, we would all still have manure on our shoes.

Gov. Mark Sanford, the Anti-Racist

At their Republican Governor's Association meeting, Florida Gov. Charlie Crist was talking about "reaching out" to black and Hispanic voters:

""The most important thing is to make sure that we reach out to Hispanic voters, to African-American voters,” Crist said in an interview on Bloomberg Television’s “Political Capital with Al Hunt.""

Gov. Mark Sanford of South Carolina had a much better answer:

""The problem to a degree we’ve had as Republicans has been running on one message of conservatism and then governing a very different way," Sanford said. "I think that the way that you appeal to blacks or Hispanics is to first of all carefully define what you’re about.""

That's exactly right, Gov. Sanford. And some Republicans on Capitol Hill need to start by going back and reading what their own party platform has to say about government bailouts.

Hint: they were against them before they were for them. Time to go back to Plan A.

Time to talk about "global warming"

Worse than "spread the wealth"

In a sane world, candidate Barack Obama's spread the wealth comment would have sent him to George McGovern and Michael Dukakis land.

Of course, mental health is not currently political America's strong suit.

So the official President-elect of the mainstream media, which, by the way, is next up as the industry too big to fail, can get away with saying this:

"President-elect Barack Obama said the U.S. government will do "whatever it takes" to revive the economy, and that means "we shouldn't worry about the deficit next year or even the year after.""

That's a different tune than he was singing right before the election.

Imagine that -- another politician claiming he is going to fix everything with an efficiency study.

Does Jack Conway respect First Amendment?

Mark Hebert reports Attorney General Jack Conway wants out of Gov. Steve Beshear's questionable foray into internet regulation.

Anyone interested in freedom of expression on the internet should join Conway and shun the whole mess as well.

And anyone who is still unsure might want to consider the angry American Indians.

"Bail, baby, bail!"

President-elect Barack Obama says you are your brother's keeper, subsidizing "green technology" will save the planet, socialized medicine is good, and "America will rise again." So pay up.


Thanks to PageOne for passing this along.

Can we still ignore Kentucky drug cartels?

Federal authorities have identified competing Mexican drug cartels in Lexington and Louisville. And it may be time to care about it.

The National Drug Intelligence Center, a unit of the U.S. Department of Justice reports "Federation" cartel presence in Lexington and "Gulf Coast" cartel presence in Louisville.

This is a new development, but a recent federal crackdown on illegal immigrant drug cartels combined with lackluster local enforcement in Kentucky could create a combustible situation here soon.

Republicans still haven't gotten the message

President George W. Bush is on his way out of Washington D.C. in two months, but this afternoon he shows clearly that he doesn't grasp the damage he has done to his party and his country. He has urged Congress to bail out the auto industry.

While Bush deserves some credit for refusing to support the Democrats' plan to add bank bailout money to the money pit that domestic automakers have become, he still wants to throw $25 billion:

Giving nearly bankrupt companies with unsustainable business models $25 billion loans for "more urgent purposes" -- can you imagine a private bank in the pre-bailout era doing that? -- is just like throwing the money away. What do we expect the Big 3 to do next year when all that money is gone but their structural problems persist?

How Big Auto is like Big Media

Very interesting blog post here with a comparison between the arrogance that destroyed Detroit and the arrogance that plagues American newspapers:

"For the most part, the auto industry’s woes were self-inflicted by decades of insular and unimaginative senior management. The problems are not the fault of the workers, the customers, the suppliers, OPEC or the competition. They result from management’s lack of vision, objectivity, originality and courage."

Then there is this, from the comments section:

"The news industry didn't help anyone, least of all Detroit, by selling out and becoming shills for the industry. They've done the same thing by selling out and shilling for Obama and the Dimwits in Congress. People don't buy your product because they've found you to be untrustworthy and they do have an alternative. That the anti-newspaper is free to them is icing on the cake. Choice, for free ? From home, dry and warm ? Newspapers can't compete with that. Sell the presses for scrap. It's over. The patient died. He refused to take his medicine when it might have done some good."

Sure, some jobs are going to dry up and blow away as the domestic auto industry right-sizes. Same goes for Big Media. But when government jumps into the mix to take from those who are succeeding in the marketplace to give to those who recklessly squandered their own success and learned humility only when the music stopped, government by definition makes things worse.

Are Fayette jail birds singing?

The Feb 2, 2009 trial of the five former Fayette jail officers charged with beating prisoners and orchestrating a cover-up has been cancelled and moved to June 8.

This could mean that the defendents are talking to investigators about others who have not yet been indicted. The trial was originally scheduled for August 18, 2008.

Also haven't seen any action on the whistleblower lawsuit against the city of Lexington. That case can't lie dormant forever.

Yeah, we know...

President George W. Bush, discussing today his role in the government bailouts:

"I'm a market-oriented guy, but not when I'm faced with the prospect of a global meltdown," Bush said.

Actually, Mr. President, a time of crisis is precisely the time in which we need our market-oriented guys.

Otherwise, we're just giving lip service to capitalism and the free market. And that is precisely why we are in the mess we are in and not likely to get out any time soon.

Obamamessiah to disappoint Ky. House Dems

Regular readers of the Bluegrass Policy Blog learned back in June that Barack Obama had no plans to help Frankfort by nationalizing the massive state employee health insurance liabilities.

"Some Democratic legislators have stated quietly their belief that a federal universal health insurance plan will save them the trouble of catching up with the rising costs of state and local employees' and retirees' healthcare costs. The funny thing is, none of them have bothered to ask Sen. Barack Obama about that."

"What's even funnier is that Sen. (Tom) Buford did ask." (click here for more)

Don't tell any of the Obama fans in the General Assembly about this, though. Let them learn it the hard way.

That's another half-million, Governor

Every day that Gov. Steve Beshear stonewalls on his $180 million efficiency study, Kentucky taxpayers lose another $493,150.69.

Better talk to the people, sir.

Which gang is Mayor Jim Newberry's favorite?

If you go down to Garden Springs Park next to Garden Springs Elementary School in Lexington, you will see evidence that Lexington does indeed have Hispanic gangs. In this case, it's the Latin Kings.

Continuing failure to enforce existing immigration laws in Lexington appears to be emboldening those who would spread gang activity into our neighborhoods.

Don't bail out Big Momma

Kentucky legislators are responding to a March of Dimes study about pregnant women who smoke. Before we start blindly writing more checks, we might want to think about how we hope to alleviate the social costs of bad behavior.

More people are catching on to Beshear

WHAS reporter Mark Hebert is asking Gov. Steve Beshear where our $180 million from the last year went.

This time next year, will we be asking about another $180 million or will we be too busy paying his new taxes and paying off his new debt?

Can't blame Ernie Fletcher for this one, Governor.

Let's be clear: auto bailout is a union bailout

One of the talking points du jour is that gas-guzzling SUVs caused the domestic auto companies' current woes when people stopped buying them.

The truth is just a little bit more complicated than that.

The Big Three automakers struggled to transition out of SUVs when gas prices killed demand for them because union-negotiated retirement benefits had already wiped out any financial flexibility the companies once had. Decades ago.

This latest speed bump wouldn't have wrecked the companies if union contracts hadn't already caused the companies to rust through from the inside out.

People still need cars and they will continue to buy cars from someone. But taxpayers don't need to throw good money after bad to prop up a labor system that went bankrupt a long time ago.

Let the companies re-organize and toss the United Auto Workers overboard.

Make no mistake: if we bail out Detroit's car manufacturers, we are paying for fat lifestyles of union thugs. No thanks.

Think tank tells states to raise taxes

The Center on Budget and Policy Priorities has built a reputation as a reliable, if not always coherent, provider of talking points for big-government politicians.

Their current advice, in favor of tax hikes rather than spending cuts, fills the bill nicely:

In particular, the government spending that would be reduced if direct spending programs are cut is often concentrated among local businesses…. By contrast, the spending by individuals and businesses that would be affected by tax increases often is less concentrated among local producers — since part of the decline in purchases that would occur if taxes were raised would be a decline in the purchase of goods produced out of state. Thus, more of the reduction in purchases that results from tax increases than from government budget cuts falls on out-of-state goods (relative to in-state goods), lessening the adverse impact of a tax increase on the state economy. Reductions in direct government spending consequently could have a larger adverse impact on a state's economy than tax increases, which have a stronger adverse impact on out-of-state goods and services.

This is complete nonsense, but expect to hear something much like it very soon from the tax-and-spend crowd in Frankfort.

The truth is that taxation can't benefit an economy as much as leaving money in the economy where it was produced because the bureaucracy that has nothing to do with the production of wealth has to take its cut before any of the money gets re-distributed and re-circulated.

Common sense.

President Obama loves his people

Just discovered the election of Barack Obama has so terrified the gouging gougers in the produce industry that they have dropped the price of large grapefruit forty cents at Walmart.

Thank you, Benevolent Leader.


Actually, there are very serious consequences for a nation who holds its politicians is such a state of worship. It opens the door to great loss of personal freedoms.