CEO

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The Democrats are nothing if not persistent. After trying to hang this dismal economy on President Bush while the Obama administration repeats every mistake from the Great Depression to create their own version, Tim Bishop says let’s go all in!

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In his recent telephone town hall meeting, Tim Bishop expressed his support for the continued payroll tax holiday but making it clear that it would have no impact on the Social Security Trust Fund. Money for Social Security would continue to go into the trust fund from other sources. What other sources you might ask? I may have an answer for you.

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Starbucks CEO Schultz Has a Jobs Recovery Plan

by Bill O'Connell on August 18, 2011

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Photo by Sillgwailo

Starbucks CEO Howard Schultz wrote an open letter to his fellows CEOs about the current economic situation. (Howard Schultz CEO Letter) In it he calls for action. The letter and Mr. Schultz are interesting both for what they say and what they don’t.

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Herman Cain Makes the Case for Change

by Bill O'Connell on February 12, 2011

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Presidential candidate Herman Cain stepped to the podium yesterday afternoon and addressed an enthusiastic crowd. Cain was plain spoken and engaging and immediately connected with his audience.

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Tim Bishop continually bashes his opponent on the topic of outsourcing jobs.  One of Mr. Bishop’s brilliant solutions, brilliant because it was conceived of in the halls of academia and Congress rather than at the helm of a company, is to raise taxes on companies foreign operations.

At the same time Mr. Bishop and his fellow travelers rail against businesses that are sitting on piles of cash rather than hiring and investing.  Since he probably doesn’t know how to read a balance sheet, I will enlist the aid of John Chambers, CEO of Cisco Systems and Safra Catz, President of Oracle who spell it out in the Wall Street Journal.

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New York Republican Primary Endorsements

by Bill O'Connell on September 13, 2010

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Tomorrow is the New York State Republican Primary.  We go to the polls to choose our candidates who will go up against the Democrats in November.  This is an important election and an important turning point for our country.  New York is a deep blue state and the Republican party seems to be part of the problem rather than part of the solution.  The candidates that they often put forth are more likely to make Republicans throw up their hands and stay home on election day than turn out and vote. 

We have seen the hope and change of the Obama administration and it scares the hell out of many Americans.  The change we need is to turn out the “go along to get along” crowd and put in true reformers.  At Tea Party meetings I encounter more and more New York conservatives who say they are tired of hiding their beliefs.  They used to keep their political views to themselves because they feared repercussions from their employers, their customers, their schools, but they are tired of it.  They tell me they are coming out of the closet.

We need to embrace this view.  It may mean we lose some races like the special election in New York’s 23rd Congressional district, where the Republican bosses picked Dede Scozzafava, who after falling behind Doug Hoffman, the Conservative candidate, in the polls, dropped out and endorsed the Democrat.  It is time to stand and be counted.  Liberty’s Life Line makes the following endorsements.

New York’s First Congressional District

In New York’s First Congressional District, Liberty’s Life Line endorses Randy Altschuler. Randy came out early and often to challenge incumbent Congressman Tim Bishop and Speaker Nancy Pelosi on their reckless spending.  He has articulated a conservative view on the major issues that we face and he is a free market conservative.  Christopher Cox has a number of positions that are similar to Randy Altschuler, but instead of focusing on explaining how he would govern and why he is the better candidate, he chose the low road to attack his fellow Republicans in a mudslinging campaign that angered numerous voters.  Mr. Cox also promotes a protectionist point of view,  rather than a free market point of view and he seems confused about what the job of Congressman entails.  In one of his ads he talks about putting Suffolk County taxpayers first.  If he were running for County Executive, that would be fine, but a Congressman cannot put his constituents ahead of any other taxpayers.  Federal tax laws should affect all Americans equally, and where they don’t they should be changed so that they do. 

George Demos’ campaign is verging on the desperate.  His positions on his web site are little more than platitudes and he has chosen to make the centerpiece of his campaign social issues that are not what the majority of the voters are concerned about right now.  We are heading toward a debt crisis, and Mr. Demos oddly chose to run on an issue that will let the incumbent change the subject from the economy.

New York Senate versus Kirsten Gillibrand

Liberty’s Life Line endorses David Malpass for United States Senate for the seat currently held by Kirsten Gillibrand.  Mr. Malpass has more experience at the federal level having worked in the Reagan administration.  He also understands that New York has, for years, paid more money in taxes to Washington than New York has gotten back in government money.  Yet every year Sentators Schumer and Gillibrand vote for more spending and more programs that New Yorkers will fund and others will reap the rewards.  Mr. Malpass understands that the answer is not to fight for a bigger share of the pie for New York, but to shrink the pie and eliminate unnecessary programs and spending.  Mr. Blakeman has relied more on imagery in his campaign and attacks on Mr. Malpass rather than focusing on how he would govern and therefore be the best choice for the Senate. Mr. DioGuardi seems to advocate the same old ways of doing business.  For example, he advocates “Paygo” which was the tool Democrats invented to force tax increases as new programs were added to the economy and which the Wall Street Journal described as “kind of budget gimmick that gives gimmickry a bad name.”  We need straight forward shrinking of government not better tools to monitor how badly it is being done.

New York Senate versus Chuck Schumer

Liberty’s Life Line endorses Jay Townsend for United States Senator for the seat currently held by Chuck Schumer.  Both Mr. Townsend and Mr. Gary Berntsen have strong national security views, are for tax reduction and reduced spending.  Mr. Townsend’s positions seem to be more thoroughly developed.  For example, he is for the repeal of ObamaCare and in its place he supports some common sense methods to reduce the cost of delivering health care without spending $1 trillion.  Mr. Berntsen doesn’t address health care on his website.  Mr. Townsend also has pledged to ban all earmarks, which are basically the way incumbents bribe their constituents to send them back to Washington.  Replacing Chuck Schumer will be a tough challenge so we need to put forth the best candidate we can.

New York State Governor

Liberty’s Life Line endorses Rick Lazio for governor.  Although Carl Paladino has captured the anti-incumbent energy and had energized people to come out and support him, Rick Lazio has a concrete plan on how he would attack the issues.  New York State government is so broken, Life Line could see that an outsider like Mr. Paladino could just be hamstrung and stalled by a legislature that is vehemently opposed to him.  Think Arnold Schwarzenegger in California, who came in on a re-call election to turn things around but ended up being the one turned around.  Mr. Paladino, as a CEO, is coming from an environment where he calls the shots, in Albany he will have to work with the legislature to get things done and it will take him a little while to figure out what buttons to push.  Mr. Lazio has legislative experience as a Congressman, and has thought through his plan in sufficient detail that it might actually work.  Mr. Paladino has moved the debate which is a major victory and if he loses the primary Life Line hopes he will support Mr. Lazio.  Likewise, if he should prevail, we all must get behind him to defeat Mr. Cuomo in November.

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The Regulators are Dead, Long Live the Regulators

by Bill O'Connell on June 28, 2010

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As written about extensively here, government regulators have failed us in so many ways that to continue the practice of putting more control in the hands of government is lunacy.  To wit:

  • The financial crisis, although typically blamed on Wall Street greed, was due in large part to government agencies and programs (Fannie Mae, Freddie Mac, HUD, Community Reinvestment Act, National Homeownership Strategy) that opened the door through which Wall Street followed.
  • The oil spill in the Gulf happened after regulators either signed off on waiver applications from BP or just didn’t enforce the regulations on the books
  • Anywhere from $60 billion to $100 billion is stolen from Medicare/Medicaid every year and our government can’t seem to stop it
  • First time homebuyer tax credit was claimed, to the tune of $9 million, by incarcerated felons.

But the current administration insists that government must get bigger to tackle our nation’s problems and must tax us more to do so.

Senator Chris Dodd and Representative Barney Frank were at the heart of the financial debacle, claiming that Fannie Mae and Freddie Mac were in sound financial shape.  Meanwhile Senator Dodd was getting a sweetheart mortgage from Countrywide as a “Friend of Angelo” Mozillo, the CEO of Countrywide.  Now we are to believe that Senator Dodd and Representative Frank have ridden to the rescue and have crafted the solution we have all been waiting for, just don’t ask about Fannie and Freddie, they aren’t included in this master work.

The Federal Reserve will now have more power to regulate banks, after failing to monitor what was going on at Citibank and having the government step in because they were “too big to fail.”  The Treasury stepped into to bail out some banks and let other financial firms like Lehman Brothers to go under, will now have more power to determine which financial institutions are sound and which ones are not and step in to take control without allowing the bankruptcy courts to get involved.  The SEC which was asleep at the switch, or too busy watching porn on taxpayer purchased computers,  when the Bernie Madoff scam was delivered to them wrapped in a bow, will now have more power to decide how easy it will be to allow union pension funds to place their candidates on boards of directors.

The new legislation, which does nothing really new, runs to 2,000 pages (did you expect something less?) and leaves much of the details to the regulatory agencies themselves to fill in the blanks.  And never to miss an opportunity to slip a new tax into the mix there are $19 billion in new taxes to pay for this new regulatory oversight.

So when regulators fail, the government’s response is not to look at government’s role in creating the original problem, but to blame any private interests and add more regulations that will increase the scope and power of the government, take away your liberties, and do nothing to fix the original problem.  When the next crash comes, and it will, these same folks will say, “oh, dear, how did this happen?”  They will blame any private interests that are anywhere near the problem, absolve government agencies of all blame, and layer on more regulations.

The only way to fix this problem is to make sure these same folks are not around in the future and to cut the government down to size.

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Your Tax Dollars Hard At Work

by Bill O'Connell on March 3, 2010

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The US Postal Service is contemplating increasing postage rates and eliminating Saturday delivery.  Really?  They lost approximately $4 billion last year.  But don’t worry the CEO got a bonus.  It is reported that their labor costs, heavily unionized, exceed 80% of revenues.  Did you know that the only place where unionization is growing is in the public sector?  Union representation in the public sector surpassed the private sector for the first time this year.

But don’t worry, President Obama has a handle on it.  He appointed Andy Stern, president of the Service Employees International Union to the board to figure out how to reduce the deficit.  Do you see a problem between these two news items?  Can you see a problem with the objectives of an Andy Stern and you and me?

As a side note, Rick Perry just won the Republican primary for governor of Texas and in his campaign he used no yard signs, no phone banks, and no direct mail.  As one commentator said “paper is dead.”

I know this is completely anecdotal, but my local post office just completed an expansion project increasing the size of the building.  I have noticed more than one post office being expanded as well.  Again, this is just my limited, personal observation, not a scientific study, but with the drop in mail volume, “paper is dead”, $4 billion in losses, performance bonuses for lackluster performance, heavy unionization, am I being unreasonable in thinking the government couldn’t handle health care even if it was a good idea?

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Dred Scott Redux

In case you didn’t believe me in my post Stay on the Plantation that liberals think all “good” blacks belong to the group labeled “blacks” and if you don’t conform, watch out.  California Senator Barbara Boxer, blithely walked into a buzz saw named Harry Alford, when he called her on gratuitously trying to put him in a box with the NAACP.  Watch here: Senator Boxer Accused of Race Politics

The Audacity

You see, Harry Alford, CEO of the Black Chamber of Commerce, which represents business interests, has an issue with some legislation before Senator Boxer’s committee.  He had the temerity to oppose what she wanted to do.  So she said she was going to enter into the record a study by the Pew Research group (okay), a resolution by the NAACP (uh-oh), and a statement by John Grant, the CEO of “100 Black Men of Atlanta,” (huh?).  And Harry pounced.  What do these other black groups have to do with what he’s saying?  He was quite incensed that as a black man, the Senator obtained documents from other black organizations who agreed with her, despite the relevance to energy policy.  It was clear, the point was to isolate Harry Alford.  Clearly show that he was off the plantation and that he better get back on the plantation, or trouble was coming.

Dred Scott Redux

Blacks are supposed to belong to the Democratic Party.  If a black person should be as audacious as to speak their mind and not in concert with Democratic Party orthodoxy, then send out the troops to bring them back.  It doesn’t matter if what they bring to bear on the recalcitrant person is relevant; just pile it on until they are shamed into returning to the fold or fading away into obscurity.

Liberty is under attack in the vilest way.

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GM, Chrysler — You Just Can’t Make This Up

by Bill O'Connell on April 29, 2009

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Our once proud automobile industry

The government institutes regulations such as CAFE that force the automobile companies to build many cars they can’t sell at a profit for each car they can.  The unions negotiate contracts that pay people who have been let go 90% of their salary and give retirees extremely generous packages.  The automobile companies stagger under this load to the brink of bankruptcy and what happens?  The CEO of GM gets booted out and the government and the unions end up owning the car companies.  In the case of Chrysler the UAW will end up owning 55% of the company if the government’s plan is approved.

Had the automobile companies gone into bankruptcy before the bailout, as this author advocated, the union contracts could have been voided and a new workable deal struck.  But the government said bankruptcy was bad. The government said we had to give the car companies billions of our tax dollars.  The government said, if you automobiles companies don’t accept our deal, you will be forced into bankruptcy.  Huh?

So tell us again, Mr. Obama, how this is not socialism.

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