Thank A Republican

If you enjoy your electrical power from TVA, and all the other associated benefits that have come along for that ride, such as regional economic development, improved health, care & quality of life, etc., you can thank a Republican.

That man would be Nebraska Republican U.S. Senator George W. Norris (1861-1944), who served 5 terms in the House (10 years), and 5 terms in the Senate (30 years), the last term of which he became an Independent, and was defeated for re-election in 1942.

George W. Norris as a newly elected U.S. Senator, 1912.

Senator Norris was also a member of a somewhat contrarian group in the House of Representatives that, in 1910, brought reform to its practices, by reducing the autocratic control which the Speaker of the House then had.

He also authored the 20th Amendment, which abolished so-called “lame duck” Congressional sessions, fought for presidential primaries, and direct election of Senators.

He also saved TVA from being sold — more accurately, prevented Wilson Dam in the Muscle Shoals area of Northwest Alabama from being sold — to one of the wealthiest industrialists of his era, which POTUSes Coolidge and Hoover (especially), both GOPers, wanted to sell to private enterprise, bidding in which Alabama Power (part of Atlanta, GA HQ’d Southern Company) was a strong contender.

That man was Henry Ford.

In the May 22, 1920 edition of The Dearborn Independent, a Henry Ford publication also known as The Ford International Weekly, Henry authored a front-page article entitled “The International Jew: The World’s Foremost Problem” that was later translated into several languages and distributed widely.

Interestingly enough, Henry Ford was a rabid anti-Semite Nazi sympathizer, of whom Adolph Hitler spoke fondly in a March 1923 interview with the Chicago Tribune, who said,

WIN Failed, But Government Cheese Won

Losing WIN, and Feeding the Poor:
Ford, Carter & Reagan have important lessons to teach us.

Remember Gerald Ford, and his WIN — “Whip Inflation Now” — campaign?

 

It was a failure.

The two premises of that effort — encouraging increased individual savings, and reducing personal spending — were not merely ineffectual, they were also justifiably ridiculed because they did absolutely nothing to lower prices.

 

In a TRULY free market economy, not only is government allowed to compete, but prices, as others and I have continually said, are controlled by the seller, NOT the buyer. The SELLER is the one setting prices. 

 

For example, if Exxon Mobil, British Petroleum, Chevron, Royal Dutch Shell, Marathon, Valero, and Phillips 66 (in the TOP 10 largest oil companies globally by revenue) were to reduce by 25% their consumer prices of gasoline & diesel fuel (and, they could), that would significantly change, at least on some level, the volume of sales/consumption. 

 

Yet the study of economics also tells us that merely lowering prices will not always increase consumption to a certain price level. Consider bananas; if more folks ate more bananas, their prices ~might~ decline, but only modestly, and certainly not by 25%.

 

Though agricultural production has some similarities to industrial production, it fundamentally relies upon a renewable resource to satisfy demand (including an often-fickle, and increasingly angry and uncooperative Mother Nature), where as oil does not, because petroleum is a finite resource.

 

And THAT is PRECISELY WHY others and I maintain that establishing a windfall profits tax (WPT) could be used to help consumers -and- companies that rely upon petroleum for their existence, because it would return TO THE PEOPLE a ~fraction~ of the excessive portion of the rapacious profit made by Big Oil companies which are paid to their executives, overlords, and Wall Street wheeler-dealer shareholders.

 

• Congress first enacted a WPT in 1917 which ranged from

BMW Tapped $3.6 Billion in Federal Reserve Funds During Financial Crisis

BMW Headquarters, Munich, Germany - Image via Wikipedia

By Chris Reiter – Dec 2, 2010

Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, secured funds from the U.S. Federal Reserve during the financial crisis to boost liquidity as other sources dried up.

BMW’s largest transaction under the Fed’s Commercial Paper Funding Facility was for $3.62 billion on Jan. 30, 2009, according to data released yesterday. BMW made “intermittent” use of the Fed program for refinancing at a time when other forms of credit were frozen, Mathias Schmidt, a spokesman for the Munich-based automaker, said today.

“We tapped into this program in 2008 and 2009 during the financial crisis

Bob Riley and Troy King: The Saga Continues

It’s well known that Alabama Governor Bob Riley and Attorney General Troy King, both Republicans, have been at odds with each other over

Another reason to buy a Ford

Aside from General Motors “going out of business” taxpayer bail-out fire sales and their deceptive “you can return this care if you don’t absolutely love it” teevee commercials… yeah, that’s enough to make anyone’s stomach turn.

Andyway, the Insurance Institute for Highway Safety, a private, insurance-company-funded organization (don’t get me started on those bastards, the insurance ones, that is), has released their “Top Safety Pick” for 19 sedans and 8 SUVs fro the 2010 model year. Their ratings are, in order, from the top: Good (G), Acceptable (A), Marginal (M), and Poor (P).

Ford and Volvo (a Ford-owned subsidiary), each earned 6, while Subaru, Volkswagen and their Audi division each received 5.

Chrysler earned 4, while Honda and GM each had 2, with Toyota, BMW, Mazda and Mitsubishi receiving none.

Hey!

What about Mercedes-Benz?

Oh yeah… their C class automobile (which the IIHS classifies as “midsize” – what’s their S class, then? Super? The C class is Coupe/Compact, you idiots!) is a “Top Safety Pick” for 2010.

And, Mercedes models have ranked Good from 200-2009 and Acceptable from 1997-2000.