Monthly Archives: February 2009

Jindal’s GOP response – Failed to hit the mark

Louisiana Governor Bobby Jindal

Louisiana Governor Bobby Jindal

Before last night, I definitely knew about Bobby Jindal. I knew the Republicans looked at Jindal as a future star in the party. He was expected to compete for the 2012 presidential nomination against Sarah Palin.

Much of America got to see him for the first time last night and America was not impressed. Governor Jindal was lucky that many Americans turned off President Obama’s speech before Congress (not the State of the Union) once POTUS completed his speech.

I found Jindal to be painfully dull. He was amateurish in his speaking; sounding as if he was reading and his writing skills were elementary.

I hoped his speech had more pizzazz as I planned on writing that Jindal was a better solution than the Republican frontrunner – Palin. (Personally, I am a Charlie Crist supporter because I believe he looks beyond partisan politics (except when he was running for governor and vying for the VP nomination with John McCain.)

After yesterday, I have to say that the Republicans have a much greater shot in 2012 with Palin than with Jindal.

Here are some excerpts:

Tonight, we witnessed a great moment in the history of our republic. In the very chamber where Congress once voted to abolish slavery, our first African American president stepped forward to address the state of our union. With his speech tonight, the president completed a redemptive journey that took our nation from Independence Hall to Gettysburg to the lunch counter and now, finally, the Oval Office.

Regardless of party, all Americans are moved by the president’s personal story — the son of an American mother and a Kenyan father, who grew up to become leader of the free world.  Like the president’s father, my parents came to this country from a distant land. When they arrived in Baton Rouge, my mother was already 4½ months pregnant. I was what folks in the insurance industry now call a “preexisting condition.”

I found it odd that Jindal began the response by mentioning that POTUS was the first African American president. By now, that should have been obvious to everyone and in these tough times, I doubt the majority of American care what race, creed, religion, or gender POTUS is. Though I guess he used it, however, to segue into his ancestry.

As the president made clear this evening, we are now in a time of challenge.  Many of you listening tonight have lost jobs. Others have seen your college and retirement savings dwindle. Many of you are worried about losing your healthcare and your homes. And you are looking to your elected leaders in Washington for solutions.

Republicans are ready to work with the new president to provide those solutions. Here in my state of Louisiana, we don’t care what party you belong to if you have good ideas to make life better for our people. We need more of that attitude from both Democrats and Republicans in our nation’s capital.

Is that why they refused to work with the Democrats on this stimulus package? Is this why Jindal is refusing to accept stimulus money (not all the money, of course) even though his state is struggling with the rest of ours? Is this why Republican Senator Judd Gregg withdrew his nomination as POTUS’s commerce secretary because he didn’t want to play in the sandbox even though he previously accepted the nomination? Is that why Rush Limbaugh and Sean Hannity relentlessly attack Obama every step of the way?

All of us want our economy to recover and our nation to prosper. So where we agree, Republicans must be the president’s strongest partners. And where we disagree, Republicans have a responsibility to be candid and offer better ideas for a path forward.

Instead, these Republicans continue to offer the same tired old ideas that have helped deliver us to the state we find ourselves in now. But I agree that it is critical for Republicans to offer better ideas – but make sure they are new and creative.

To solve our current problems, Washington must lead. But the way to lead is not to raise taxes and put more money and power in hands of Washington politicians. The way to lead is by empowering you – the American people. Because we believe that Americans can do anything.

Is Jindal paying attention? Did he watch President Obama’s speech? I realize he wrote this prior to Obama’s speech, but, dude, you have to adjust.

POTUS told us that if we make less than $250,000 – our taxes would decrease! POTUS has already empowered us – from the beginnings of his presidential campaign. During the transition, Obama’s Change.gov website kept Americans abreast of what they were doing and they reached out to us with questions and asked for feedback.

I guess Jindal missed that too.

That is why Republicans put forward plans to create jobs by lowering income tax rates for working families, cutting taxes for small businesses, strengthening incentives for businesses to invest in new equipment and hire new workers, and stabilizing home values by creating a new tax credit for home-buyers.

These plans would cost less and create more jobs.

How does lowering income tax rates create jobs? Of course, with no income, we don’t have to worry about paying taxes.

The point Jindal seems to be missing is that these projects in the stimulus package will be completed with American companies and American workers.

But Democratic leaders in Congress rejected this approach. Instead of trusting us to make wise decisions with our own money, they passed the largest government spending bill in history — with a price tag of more than $1 trillion with interest.

Here is why I believe that Jindal is completely out of touch. In January, 2005, former President Bush stood before Americans and said that he had a mandate. He wanted to privatize Social Security. He believed that Americans could do a better job investing their own money than the government could

Has Jindal taken a look at the Dow Jones lately?

If I had been investing my own money over the past few years, I’d be in much worse shape than I am in.

I can’t believe that in a recession, Jindal still believes that we would be comfortable making our own money decisions.

Who among us would ask our children for a loan so we could spend money we do not have, on things we do not need? That is precisely what the Democrats in Congress just did. It’s irresponsible. And it’s no way to strengthen our economy, create jobs or build a prosperous future for our children.

This is kind of how the Republican Party ran things during Bush’s years. Did Jindal look at the National Debt clock on January 19th?

He also took the time to mention the classics: 9/11, Katrina and $4 gas prices.

To strengthen our economy, we also need to address the crisis in healthcare. Republicans believe in a simple principle: No American should have to worry about losing their health coverage — period.

We stand for universal access to affordable healthcare coverage. We oppose universal government-run healthcare. Healthcare decisions should be made by doctors and patients — not by government bureaucrats. We believe Americans can do anything — and if we put aside partisan politics and work together, we can make our system of private medicine affordable and accessible for every one of our citizens.

Right now, our health care decisions are being made by executives in corporations who have to consider what is best for the shareholders.

To strengthen our economy, we must promote confidence in America by ensuring ours is the most ethical and transparent system in the world.  In my home state, there used to be saying: At any given time, half of Louisiana is underwater — and the other half is under indictment.

No one says that anymore. Last year, we passed some of the strongest ethics laws in the nation — and today, Louisiana has turned her back on the corruption of the past. We need to bring transparency to Washington, D.C. — so we can rid our Capitol of corruption and ensure we never see the passage of another trillion-dollar spending bill that Congress has not even read and the American people haven’t even seen.

Is Jindal aware of the websites that are now available to us? He may wish to take a gander at Recovery.gov.

And a quick word to Jindal, I did see the bill and even had the ability to see the initial draft that passed the house the first time.

Here are a few reactions from conservative pundits:

“The speech read a lot better than it sounded. This was not Bobby Jindal’s greatest oratorical moment.” - Brit Hume,

“Jindal didn’t have a chance. He follows Obama, who in making speeches, is in a league of his own. He’s in a Reagan-esque league. … [Jindal] tried the best he could.” – Charles Krauthammer

A wonderful human being, I like him very much, but he is a horrible speaker. You can’t go on TV and counter Obama with that.” - Laura Ingraham

“It came off as amateurish, and even the tempo in which he spoke was sing-songy. He was telling stories that seemed very simplistic and almost childish.” - Juan Williams

Most of the comments I read dealt with Jindal’s horrible oratory skills. Columnist David Brooks was put off by Jindal’s content.

“You know, I think Bobby Jindal is a very promising politician, and I opposed the stimulus package – I thought it was poorly drafted – but to come up at this moment in history with a stale, ‘government is the problem…we can’t trust the government’…it’s just a disaster for the Republican Party.

“The country is in a panic, now. They may not like the way the Congress passed the stimulus bill. The idea that government is going to have no role in this…in a moment where only the Federal government is big enough to do stuff…to just ignore all that and say government’s the problem…corruption, earmarks, wasteful spending – it’s just a form of nihilism.

“It’s just not where the country is, it’s not where the future of the country is. There’s an intra-Republican debate: some people say the Republican Party lost its way because it got too moderate, some people say they got too weird or too conservative. He thinks they got too moderate, and he’s making that case. I think it’s insane. I think it’s a disaster for the party. I just think it’s unfortunate right now.” – David Brooks

{h/t: Huffington Post and the Washington Post for the quotes}

What’s up with the CNN poll on bipartisanship?

The title of the article was the hook that grabbed me:  Poll:  Most favor bipartisanship; Democrats not so much.  Maybe, that’s what it was intended to do.

“Most poll respondents said they want President Obama to work with both parties”

Of course, we do.  Most people want the government to act in the best interests of the people – all the people.

“Democrats aren’t so enthusiastic about bipartisanship, poll also finds”

Interesting point.  For 8 years, the Republicans refused to act in a bipartisan way, instead opting to run the country as if we were a one-party system.  Anyone who opposed was considered ‘Un-American’ or emboldening the enemy.

After President Obama worked with Republicans and Democrats to reach a bipartisan agreement on the stimulus plan, the Republicans came out hard against the bill (only 3 Republicans in both parties voted for the bill).  They have been relentless on television against the stimulus plan.  Rush Limbaugh and Sean Hannity and the other right-wing partisan hacks pundits have been harshly criticizing the plan, the president, and the Democrats. 

Now CNN acts surprised that more Democrats are tired of the political game and want to extend the same ‘courtesy’ to Republicans that were extended to them over the past 8 years?  Are you kidding me?

WASHINGTON (CNN) — A new national poll indicates that a majority of Americans want President Obama to try and pass laws with bipartisan support rather than just with the backing of Democrats in Congress.

A new poll out Friday shows a majority of Americans want President Obama to continue bipartisanship.

At least it is known that President Obama has been reaching out to Republicans.  In fact, he ran his campaign saying that we weren’t ‘Red States’ or ‘Blue States’.  We were the United States.  Judging by the initial cabinet selections, it does appear that the president has every intention of at least starting out his administration in bipartisan fashion.

Here are the numbers of people polled that would prefer to see the ‘president try to pass laws with bipartisan compromise’:

55% of all respondents

40% of Democrats

Not surprisingly, 58% of the Democrats polled indicated that they would rather see President Obama pass laws without any Republican support.

CNN polling director Keating Holland wins the trophy for ‘Most Obvious Statement’:

“Bipartisanship is always more popular with the party out of power than with the party that is in control.”

When Republicans were in power, I didn’t hear one person say that they should reach across the aisle to work with the Democrats. But they’re singing a different tune now.

That is the sad fact of our 2-party system.  The party in power makes the rules and both parties (for the most-part) place party before country.

Favorable on the decline

Both parties dropped 2 points from December in response to the question – Do you have a favorable opinion of:

                Democratic Party – 58%

                Republican Party – 39%

Strong numbers for President Obama

After 1 month in office, 2 out of 3 polled “approve of the way Obama is handling his job as president.  And more than 7 in 10 think that he is a strong leader who inspired confidence and is tough enough for the job.”

Let’s see what the POTUS has to say tonight.

 

Palin & Daschle: The Hypocrisy of Tax Problems

I am tired of the hypocrisy game in the world of politics. I know I shouldn’t be but I can’t help it.

The latest in the growing list is the announcement that Alaska Governor Sarah Palin is required to pay back-taxes dating back to her days living is Wasilla. I am aware that people of both parties fail to pay taxes but the hypocrisy that exists with how the parties deal with it drives me nuts. (Okay, I’m already a little nuts, but there’s nothing I can really do about that either.)

Palin, the former Republican Vice presidential nominee in 2008 is also a leading contender to win the party’s nomination for president in 2012. I’m sure the fact that she owes back taxes will not even be raised as an issue. In fact, I’m sure that it will be completely ignored during the 2 year campaign.

Meanwhile, former Senator Tom Daschle was forced to resign his nomination for Secretary of Health and Human Services over his own tax issue. He is passionate about health care reform and losing his voice and vision will be irreplaceable.

Nancy Kellifer also withdrew her nomination over a tax issue.

So why doesn’t Palin resign?

One could argue that President Barack Obama said that he was going to run an open and clean administration so the standard is higher than it would be for others.

Then again, George W. Bush said his campaign would restore honor to the White House. The only area where I will concede that point to Bush is the suit and tie rule in the White House. He did bring formality back to the White House. Bill Clinton was ran a more casual WH. [Insert your own joke here.]

For those who claim that there were no sex scandals during the Bush administration, I would like to direct your attention to Jeff Gannon (aka James Guckert) who served as a White House reporter from 2003 to 2005. He also was a homosexual male escort who had many visits to the White House when no press conferences occurred.

I’ve already discussed the hypocrisy of marriage infidelity in the world of politics. [Read: The Edwards Affair: The Hypocrisy of Political Infidelity]

Democrat John Edwards is in seclusion yet Republican John McCain has served many years in the Senate and even ran for president. And Republican David Vitter still serves after evidence surfaced that he was involved with a prostitute yet Democrat Eliot Spitzer resigned as Governor of New York.

Personally, I would come down very strong on marriage infidelity – in my life. I don’t feel it is appropriate for me to judge others. It’s not my place.

Failure to pay taxes is a criminal offense. If one attempts to make good on that neglect, I am forgiving and with payment and penalty fees, so is the IRS. Daschle was attempting to make good and I believe Kellifer was as well. If Palin pays her delinquent taxes, then I will not hold it against her. [I have a long list of other things that are worse on my list. Can anyone say Trooper-Gate?]

Finally, Edwards has vanished from the political scene and will not be a part of Obama’s administration – nor will Daschle.

I think these voices must be heard in these difficult times. I don’t expect everyone to forgive them but if only the pure could serve in our government, there would be no one to serve.

They mustn’t be punished solely because of the ‘D’ after their name – especially if the ‘R’s go unpunished.

Gas prices up while crude prices are down – Who is gouging us?

We’ve all watched the crude prices shoot through the roof far exceeding $100 per barrel, meanwhile the price of gas exceeded $4.00 per gallon. 

The Republicans were saying that the only solution was for us to increase off-shore drilling.  (Drill baby drill.) Many of us knew it was related to the speculator in the market.  I wrote a 3-part series that looked more at the offshore oil drilling scam and the major culprit of the time – speculation.

 

In late summer, the speculators began pulling out of the market and something strange occurred.  The price of oil began to fall along with the price of crude – drastically.  Most of us eventually paid less than $1.60 per gallon.

We’ve all heard the nonsense from the Middle East – they want to cut production so the price of oil could rise.  I’ve heard the Russian economy could not survive $25 per barrel of crude. 

Oil companies made record profits in 2008 at a time when millions of Americans lost their homes and jobs. 

The price of crude at the time of this writing is $37.29 (NYMEX crude future) and the price of gasoline is creeping higher.  It has now passed the $2 per gallon mark. 

Fact:  If the speculators had returned, the price of crude would increase.

OPEC is getting $37 per barrel from us so someone is making the money.

Big Oil takes their profit per dollar received– not per gallon.  Therefore, they benefit from a higher gasoline price.

But how are they pulling it off?

Are they closing refineries which in turn reduces supply? 

A friend of mine forwarded me this story from Yahoo Finance: (h/t: DLS)

Crude oil is getting cheaper – so why isn’t gas?

Crude oil is getting cheaper — so why isn’t gas?

The price of crude oil falls to yearly low, but gas goes ever higher — what gives?

Chris Kahn and John Porretto, AP Energy Writers

Sunday February 15, 2009, 12:30 pm EST

NEW YORK (AP) — Crude oil prices have fallen to new lows for this year. So you’d think gas prices would sink right along with them.

Not so.

On Thursday, for example, crude oil closed just under $34 a barrel, its lowest point for 2009. But the national average price of a gallon of gas rose to $1.95 on the same day, its peak for the year. On Friday gas went a penny higher.

To drivers once again grimacing as they tank up, it sounds like a conspiracy. But it has more to do with an energy market turned upside-down that has left gas cut off from its usual economic moorings.

The price of gas is indeed tied to oil. It’s just a matter of which oil.

The benchmark for crude oil prices is West Texas Intermediate, drilled exactly where you would imagine. That’s the price, set at the New York Mercantile Exchange, that you see quoted on business channels and in the morning paper.

Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending prices for the premium crude to five-year lows.

Which oil?  Storage facilities are brimming with crude?  Why don’t we tap into the storage facilities?  I’m not certain if the U.S. storage facilities to which they refer are the reserves we’ve heard so much about.  Either way, with gasoline prices higher at the pump, our friends at Big Oil are very happy.

 

But it is the overseas crude that goes into most of the gas made in the United States. So prices at the pump will probably keep going up no matter what happens to the benchmark price of crude oil.

“We’re going definitely over $2, and I bet we’ll hit $2.50 before spring,” said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service. “This is going to be an unusual year.”

On the last day of 2008, gas went for $1.62 on average, according to the auto club AAA, the Oil Price Information Service and Wright Express, a company that tracks transportation data.

The recession in America has dramatically cut demand for crude oil, and inventories are piling up. So prices for West Texas crude have fallen well below what oil costs from places like the North Sea, Saudi Arabia and South America.

That foreign oil sells in some cases for $10 more per barrel — and that doesn’t even include shipping.

According to this article, the price of gasoline was $1.62 on 31-DEC-2008.  Real Clear Markets article Oil Ends Worst Year in NYMEX history below $44 is self-explanatory.

That said, with Oil currently at $37+ on NYMEX – we add $10 per barrel and we’ll round up.  So we sit at $50 per barrel.  Does that $6 increase relate to more than 40 cents per gallon increase?

Now that the premium oil is suddenly very inexpensive, refiners elsewhere can’t get their hands on it.

“It’s so cheap,” said Lynn Westphall, the senior VP of external affairs at San Antonio-based Tesoro, which owns a half dozen refineries on the West Coast and Hawaii. “But you can’t just build a pipeline to everywhere. We know we can’t get it.”

Tesoro’s refineries in North Dakota and Utah use locally drilled oil and Canadian oil, which also has been running about $10 more per barrel than West Texas crude.

So why not build more pipelines? Because investing billions of dollars over several years makes no sense when the prices could just flip a year from now to where they were before.

“How long is WTI going to be cheaper than Venezuelan oil? Than Canadian?” asked Charles T. Drevna, president of the National Petrochemical and Refiners Association. “You just don’t build a pipeline like that.”

At the same time, refiners have seen the same headlines as everyone else about job losses and consumer spending. They’ve slashed production just to avoid taking losses on gasoline no one will buy. Result: Higher gas prices.

“Why should a refiner produce more gasoline when the stuff we produce is not being used?” Drevna said.

What really drives the price?  For years, we have heard that it was OPEC and our ‘friends’ at the House of Saud.  Now when the price for their oil is so dirt cheap, other oil is driving our price? 

When speculators were kicking our asses in the market driving the price of oil near $150 – NYMEX was the determining factor.  Now it isn’t?

That is what makes me suspicious.  If it was an average based on the quantity purchased from each company all along, you would figure that this would have been common knowledge all along.  Since that clearly isn’t the case, you have to question who is profiting from this rise in price.  Again, that would be Big Oil. 

Of course, complex explanations of the diverging price paths of West Texas crude and gas are unlikely to placate frustrated drivers. Memories of last summer’s $4-plus gas have not receded.

“Drivers are being ripped off even more now than before,” said Stuart Pollok, who was filling up recently at a Chevron station in downtown Los Angeles. He pointed out Exxon Mobil Corp. reeled in billions in profits last year when oil prices neared $150.

Others see the conspiracy reaching higher.

“It got really low during the elections and now it’s going back up,” said Christel Sayegh, a 23-year-old graphic designer in Los Angeles. “They do that every election, though, right?”

Sayegh said what we were discussing all along.  Prices always come down just prior to a national election cycle and begin to rise following that election.  Maybe that’s all it is.  But then again, isn’t that a scam?

If anyone knows the real story behind this anomaly, please let me know. 

Rush and the Obstructionist Party

President Barack Obama needs to learn a lesson. Just because he wants to work with Republicans doesn’t mean that they want to work with him.

Rushpublicans, led by the Obstructionist Windbag himself, Rush Limbaugh are going by the mantra: “We want Obama to fail.” Limbaugh has used his daily radio program as a bully pulpit (with emphasis on bully) to shepherd in the Senate and House Republicans who dare to stray from the message – “whatever the Democrats want, go for the opposite and then whine about it.”

limbaughThe latest failed attempt to reach across the aisle by Obama is the nomination of Senator Judd Gregg as Commerce Secretary. The Rushpublican from New Hampshire first agreed to accept the nomination if the Democratic Governor would choose a Republican to replace Gregg.

This particular selection was awkward because Gregg seemed almost put off by it from the get-go and Democrats were bothered by the Rushpublican selection.

Gregg basically told President Obama to shove the job up his ass. (h/t CQ Politics)

“It has become apparent during this process that this will not work for me as I have found that on issues such as the stimulus package and the census there are irresolvable conflicts for me,” Gregg, R-N.H., said. “Prior to accepting this post, we had discussed these and other potential differences, but unfortunately we did not adequately focus on these concerns. We are functioning from a different set of views on many critical items of policy.”

What happened to ‘serve at the pleasure of the president?’

President Obama had some key Rushpublicans over to the White House to watch the Super Bowl. This was an attempt to sway a few Rushpublicans to vote for the Stimulus package. He got exactly ‘a few’ if by a few you mean 3 – in both Houses!

Then we have Georgia Rushpublican Phil Gingrey who had this to say about the right-wing punditry as compared with his party’s leadership:

“I think that our leadership, Mitch McConnell and John Boehner, are taking the right approach,” Gingrey said.

“I mean, it’s easy if you’re Sean Hannity or Rush Limbaugh or even sometimes Newt Gingrich to stand back and throw bricks. You don’t have to try to do what’s best for your people and your party. You know you’re just on these talk shows and you’re living well and plus you stir up a bit of controversy and gin the base and that sort of thing. But when it comes to true leadership, not that these people couldn’t be or wouldn’t be good leaders, they’re not in that position of John Boehner or Mitch McConnell,” Gingrey said.

Rush is not one to take things lying down. He sent an email to Politico:

“I’m sure he is doing his best but it does not appear to be good enough. He may not have noticed that the number of Republican colleagues he has in the House has dwindled. And they will dwindle more if he and his friends don’t show more leadership and effectiveness in battling the most left-wing agenda in modern history. And they won’t continue to lose because of me, but because of their relationship with the grass roots, which is hurting.Conservatives want leadership from those who claim to represent them. And we’ll know it when we see it.”

So Gingrey immediately placed his tail between his legs and went begging for forgiveness on Limbaugh’s program. He also had this to say (h/t to Politico):

“. . . Let me assure you, I am one of you. I believe I was sent to Washington to fight for and defend our traditional values of smaller government, lower taxes, a strong national defense, and the lives of the unborn.”

“As long as I am in the Congress, I will continue to fight for and defend our sacred values. I have actively opposed every bailout, every rebate check, every so called “stimulus.” And on so many of these things, I see eye-to-eye with Rush Limbaugh.”

Granted, Florida Governor Charlie Crist did reach across the aisle and introduce President Obama in a Florida town hall on Tuesday. Just remember that Rush Limbaugh also lives in Florida and I will not be surprised if Crist faces a tough challenge for his re-election – even though key Rushpublicans will by vying for the Senate seat that is being vacated by Rushpublican Mel Martinez – who has already spoken out against Crist.

We are in for at least 4 years of obstructionist government by the Rushpublicans. It’s time we get used to it and forge ahead with the plan that will rebound this country from the mess left by the Bush administration and the Rushpublicans. Clearly, they do not give a damn about their constituents or this country.

And to those Rushpublicans who get their talking points and marching orders from a radio talk show host – How Pathetic.

Crist and Obama in Ft. Myers, Florida

This past Tuesday, President Barack Obama was in Ft. Myers, Florida to push the stimulus package. Democrats and Republicans need to work together in order for us to rebound from this downward spiral.

President Obama was introduced to a town hall by Republican Florida Governor Charlie Crist.

Watch Governor Crist introduce President Obama.

more about “Crist Introduces Obama Video“, posted with vodpod

President Obama’s initial remarks addressing Governor Crist.

I want to start by thanking your governor, Charlie Crist, for joining us today. Governors understand our economic crisis as well as anyone; they’re on the front lines dealing with it every day. And Governor Crist shares my conviction that creating jobs and turning this economy around is a mission that transcends party. When the town is burning, we don’t check party labels. Everyone needs to grab a hose!

Governor Crist and governors across the country understand that. Mayors across the country understand that. And I think you understand that, too. Which is what I want to talk about today.

 

OT_301553_ALLE_Obama_14

Hotline TV offered some interesting analysis on the Republican governor’s introduction of the Democratic president.

 

 

I think it is funny that anytime bipartisanship occurs or if a Republican does something ‘right’ for a change, people think there is something suspicious going on.

Crist has demonstrated (except when he was vying to become John McCain’s running mate) to be a moderate Republican looking to do what is best for the state of Florida.

He extended early voting hours so more people could vote - to the dismay of his party. He instituted a health insurance program in Florida that covers people who previously lacked coverage. He used his line item veto to remove harsh budget cuts against education and the environment. Florida’s House and Senate are about 67% Republican and they are not happy with many of the decisions Crist has made in the 2 plus years he has been governor.

I, for one, am not surprised that he reached across the aisle to President Obama who has already shown that he wants to reach across the aisle as well.

 

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Obama and Crist to appear together in support of the stimulus

Florida was the laughing stock of the 2000 General Election and we’ve had to live with that tag for 8 long years. In 2008, Florida went for President Obama yet the state House and Senate remained overwhelmingly Republican.

Finally, we have something to be proud of. In the true definition of bipartisanship, Florida’s Republican Governor Charlie Crist will appear with Democratic President Barack Obama in a Tuesday event in Ft. Myers to support the stimulus package.

Governor Crist will introduce President Obama at the town hall meeting.

The Rush Limbaugh Republican Senators and Representatives are against the stimulus package because they believe that with economic failure the Republican Party could once again rise and as Rush Limbaugh proclaimed “I want Obama to fail.”

But Florida needs a stimulus package now. They need jobs.

With the 61-36 cloture vote, the Republican filibuster was avoided. Now the Senate can get down to the vote.

MEMORANDUM: GOVERNOR CRIST TO JOIN PRESIDENT AT FORT MYERS TOWN HALL MEETING TOMORROW

February 9, 2009

Contact:

GOVERNOR’S PRESS OFFICE
(850) 488-5394

MEMORANDUM

TO: Interested Media
FROM: Erin Isaac, Governor’s Communications Director
RE: GOVERNOR CRIST TO JOIN PRESIDENT AT FORT MYERS TOWN HALL MEETING TOMORROW

The White House announced today that Florida Governor Charlie Crist will introduce President Barack Obama at a town hall meeting in Fort Myers to discuss the urgent need for a plan to help American families cope with the severe economic downturn and lay the foundation for our long term recovery. Statements from the President and Gov. Crist about tomorrow’s event are included below.

“I look forward to traveling to Ft. Myers tomorrow to talk to Floridians about how we get our nation’s economy back on track. Gov. Crist and I have seen firsthand the toll that this economic crisis has taken on the American people, and we agree that we can’t allow politics to get in the way of urgent relief for the millions of families and small businesses that need it,” said President Barack Obama.

“Florida has taken prudent steps to cut taxes for our people and balance our budget in these increasingly difficult times. Any attempts at federal stimulus must prioritize job creation and targeted tax relief for small business owners. I am eager to welcome President Obama to the Sunshine State as he continues to work hard to reignite the US economy,” said Florida Governor Charlie Crist.

Sources:

Stimulus filibuster shut down in Senate

Crist to introduce Obama at event

MEMORANDUM: GOVERNOR CRIST TO JOIN PRESIDENT AT FORT MYERS TOWN HALL MEETING TOMORROW


Job loss numbers continue to rise – no end in sight?

January, 2009 will go down on record as the third worst for job loss in American history reaching 598,000! Frighteningly, it is the third consecutive month where the U.S. has lost more than half a million jobs.

Unemployment now sits at 7.6% – the highest level since 1992.

For the full report read: US economy sheds 598,000 jobs in The Financial Times.

The total number of job losses since the recession began in December 2007 has now reached 3.6m, with half of this decline occurring during the last three months, according to the Bureau of Labor Statistics.

Meanwhile, the partisan bickering continues over the stimulus package.

Every Republican in the House voted against the stimulus package. Rush Limbaugh, John McCain and the rest of the Republicans (excluding Republican governors) have spoken out against the package.

President Obama took a hard stance Friday.

These numbers demand action,” Obama said. “It is inexcusable and irresponsible for any of us to get bogged down in distraction, delay or politics as usual while millions of Americans are being put out of work. Now is the time for Congress to act.”

He warned that “if we drag our feet and fail to act, this crisis will turn into a catastrophe.” The American people “did not choose more of the same in November,” he said. “They did not send us to Washington get stuck in partisan posturing, to try to score political points. They did not send us here to turn back to the same tried and failed approaches that were rejected. . . . They sent us here to make change, with the expectation that we would act.”

From the Financial Times:

Few industries were spared from losses last month. The manufacturing sector lost 207,000 jobs, a 1.6 per cent drop and the biggest monthly decline since October 1982. Construction shed 111,000 jobs, the retail sector lost 45,000 and 42,000 jobs in financial services disappeared. The healthcare and private education sectors added jobs in the month.

A bright note was that hourly earnings rose 0.3 per cent in January and are up 3.9 per cent on the year. However, few economists expect this to last.

I strongly believe that infrastructure jobs are a necessity at this time. With the tanking of the housing market, construction companies and workers can work on projects related to road, bridges, rebuilding levies, etc.

One key way to bring jobs back to this country would be to offer tax breaks to businesses that return jobs to the states that had been outsourced overseas.

I see that as logical yet I don’t hear anyone suggesting it.

Friday (05-FEB-2009), saw an additional 3,700 jobs lost while Thursday lost 19,000.

CNN Money has a great webpage that lists all of the company’s that have had layoffs in 2009. It does appear to be updated daily.

FIRST-QUARTER LAYOFFS: Selection Of Job Cuts By Major Companies

Additional source:

Obama Raises Stakes for Senate’s Economic Stimulus Bill – Washington Post

State Farm announces pull-out from Florida – sends me letter that they’ll still take my money for auto

I am not certain how much national attention this story received but State Farm announced last week that they will be pulling their Homeowner’s Insurance coverage from Florida because their request of a 47% rate increase was rejected.

Actually, they said they planned to request the 67% rate hike but only requested a 47% hike because they figured they had a better chance of getting the 47% increase approved.

Let’s think about that a second. A 47% rate hike?

Let’s say that you just paid $2,000 for homeowners insurance, you would have to pay $2,940 the next year.

If you planned on buying a television for $2,000 would you be okay paying almost $3,000 for the same TV later? Then again, at least you could shop for a different brand of TV. We don’t have that luxury in Florida with homeowner’s insurance as most companies either bailed out of Florida already or no longer write new policies to home owners.

That means if your homeowner’s insurance policy is cancelled, most likely you will have to seek coverage from Citizens Property Insurance Company – a nonprofit company established in 2002 to offer Floridians coverage where private insurers will not write policies.  

Florida Insurance Commissioner Kevin McCarty had rejected the State Farm bid for the huge increase.  

kevin-mccarty

Florida Insurance Commissioner Kevin McCarty

“I will do everything within my power to protect Florida consumers from unnecessary destabilization of the insurance market that this might cause and to ensure that Florida consumers are protected and have access to insurance at rates that are not excessive or unfairly discriminatory,” McCarty said.

We’re very disappointed with (the Florida Office of Insurance Regulation’s) decision not to grant rate relief,” State Farm spokesman Chris Neal said. “We believe the facts we presented should have led to a different outcome.”

A 47% increase isn’t rate relief? What about the 9% increase in 2007? I would say that this is relief – but a 47% increase? That’s rate rape.

“The courts have backed up the insurance commissioner and the result is lower rates,” said Bill Newton, director of Florida Consumers Action Network. “State Farm ought to play it a little straighter and ask for a realistic rate backed up by the numbers, not a speculative shoot-for-the-moon number.”

As a result of the rejection, State Farm has announced that they will pull out of Florida – no longer renewing the policies for the 1.2 million customers. The excuse, of course, is due to the losses they have suffered since the 2004 hurricane season.

I admit that they had big losses in 2004 and 2005 but the last 3 years have been particularly light and should have been profitable. And what about all the other years before 2004 when hurricane seasons had been light?

State Farm claims that since 2000 they have paid out $1.21 in claims for every dollar they have collected in premiums. They said that they have suffered billions of dollars in losses due to the 4 major hurricanes hit Florida.

In 1998, State Farm Florida was created as a separate entity “to address what the company called the ‘unique risks’ of doing business in Florida. Do they have the same types of entities to deal with earthquakes and mudslides in California, tornados in Kansas, or hurricanes in the other Gulf Coast states?

Since they didn’t get their massive rate increase, State Farm is planning on taking their toys and going home.

Well not all their toys. Just the ones that may not make money.

I received a letter from State Farm that read:

Dear State Farm Policyholder,

You may have seen or heard the recent announcement that State Farm Florida Insurance Company (State Farm Florida) has submitted a plan to discontinue its property insurance lines in Florida. I want to clarify for you that this plan involves insurance coverage only for homeowners, renters, condominium unit owners, personal liability, boats, personal watercraft, personal articles and business property and liability policies.

State Farm Mutual Automobile Insurance Company (State Farm Mutual) and its affiliated companies will continue to provide – as they have for decades – automobile insurance, life insurance, health insurance and other financial products and services in Florida.

State Farm has kindly informed me that my homeowners, flood insurance, wind (hurricane), mold and personal articles and property will no longer be covered in the future. But they will gladly continue to accept my money for my automobile insurance.

Uh, I think not.

state-farm-logoWhat State Farm doesn’t get is that I’ve stayed with their insurance company all these years because of the multi-line discount they offered. I also suspected that if they reduced the coverage to some customers, the likelihood diminished the more lines of coverage you had.

Since they no longer want my business for the riskier investments, I’ll have to look around to see if there are any companies out there willing to provide me these lost policies. Of course, I will not keep my automobile coverage with them either.

I suspect that this is the general feeling by all of the 1.2 million of us who are about to lose our coverage. I know Governor Charlie Crist agrees and has told State Farm that if they are going to drop the homeowner’s coverage that they should pick up their agents and get out of Florida.

State Farm has been charging some of the highest rates in our state for a long time. They haven’t been very friendly to our people and if they want to leave the state goodbye,” Crist says.

“I don’t think we need them,” Crist says. “I don’t want to work with them to give them a rate increase hell no.”

I agree with the governor. My rates are very high across the board but as I was fearful they would drop my coverage, I paid for the extra lines of coverage since my options for homeowners insurance was so limited.

 

Sources:

Regulators reject State Farm rate hike

http://www.sun-sentinel.com/sfl-statefarm0112,0,1433397.story

State Farm to stop insuring Florida

Governor Crist sounds off on State Farm

State of Florida case: – State Farm Florida Insurance Company, Petitioner, vs. Office of Insurance Regulation, Respondent