E!!

AFF is on Reid’s case again, this time via the radio airwaves in Nevada.  Here’s part of the transcript:

How’s Harry Reid using his position as Majority Leader to help lower gas prices?  Reid and Congress just took a five week vacation – instead of working to lower gas prices. Congress found time to pass National Apple Month, but Reid continues to block votes to explore for energy in America.

America has huge energy reserves, but Congress has placed up to 85 percent of them off-limits. Reid repeatedly blocks efforts to lift the moratorium on safe exploration off our coasts. Reid opposes exploring a tiny portion of Alaska – less land than the Las Vegas airport – and he’s against developing our massive oil shale reserves.

Call Harry Reid: 702-388-5020. Tell him his vacation should end and the Senate should vote on S. 3202.”

Hat Tip:  PolitickerNV

The Las Vegas Sun says Jon Porter’s (R-NV) recent energy petition is less about his tightly contested race with Democratic challenger Dina Titus and more about an overall Republican strategy to insert GOP-backed energy proposals into the House floor schedule over the past 7 weeks. 

Not sure the Sun has it quite right.  It’s a political axiom that the more birds you can kill with one stone, the better.  

The Sun quotes a Republican strategist stating that “making energy No. 1 was a no-brainer.”  So was having Porter push forward one of the petitions.  It achieved the GOP’s agenda in D.C. and sent a message to Nevada voters that Porter is on the right side of the issue.  Hope it’s enough to save Porter’s butt because – although he’s not as conservative as some of us would like – Dina Titus is an incurable taxaholic.  Nevada does not need her in Washington.

Some House Republicans are still carrying on their protest on the floor of the House.  The White House says they will not answer the call for a Special Session because the majority leadership still sets the agenda and no one can force them to do an up-down vote on energy/offshore drilling.

Call, email or write to your House Democrat(s) now and demand that they return to D.C. and put offshore drilling (and other sound energy policy) to a vote.

Here’s some video footage from the press conference that followed the Republicans’ attempt to reconvene the House on Friday.  At one point it was stated that the Republicans are not going home until the Dems agree to re-adjourn and vote on energy – or until W. orders a Special Session.  I hope they stick with it.  Nobody in Congress has any business taking a vacation until the People’s business is done.

Pelosi & Pals adjourn, having failed to schedule a vote to allow offshore drilling (11:23 a.m.)  They turn off the lights, kill the mics, and head home.

Minority Leader John Boehner (R-OH) and other GOPers indignantly opposed the motion to adjourn.  A few GOPers stayed on the floor and continued to debate.  As word spread, the crowd on the floor began to grow.

Dem aides were steamed at the “stunt” and had reporters kicked out of the Lobby.  Capitol PoPo were also busy kicking people out of the press gallery but stopped when Minority Leader Roy Blunt (R-MO) went up to talk to reporters.  Blunt’s office sent out a message asking all Republicans still in town to come to the House floor.

The Dems turned out the lights (again).

The Republicans sent out word that they were looking for a bullhorn and also sent aides out to round up members to come to the floor.  Shadegg started typing random codes into the chamber’s PA system and accidentally hit the right code to turn on the microphones (cheers!) but then they subsequently went off again (groans).

Members were pacing the floor, making speeches, standing on chairs.  Visitors were cheering loudly.  At one point Manzullo (R-IL) gave a rousing speech and brought the crowd to its feet.  Applause and cheering echoed in the chamber.

Rep Nunes (R-CA) crowed, “I am a Democrat and here is my energy plan.”  He then paraded around the House floor holding up a picture of an old VW Bug with a sail attached to it.  (LOL)  More cheering.

At 5:00, Tom Price (R-GA) announced the end of the protest and led the chamber in a round of “God Bless America.”  Assembled visitors, aides, souriest, and members gave a standing ovation.

Question:  Since the C-SPAN cameras were off, didn’t anyone think to try to sneak in a video tape so we could have some fun watching the footage on You Tube and/or FNC?

I am always amazed when politicians get caught digging greedily in the candy jar of some special interest, like this Ted Stevens scandal.  Hubris makes one bold I guess…if by bold you mean Dumb.

This McCain campaign ad is a must see.  LOL

The Hill is reporting that the Senate just passed the 2008 Fannie & Freddie Prop Up bill (72-13).  The monster housing bill will now go to the White House for W’s Johnny Hancock.  For what it’s worth, all 13 ’no’ votes were GOP-ers.  Senator DeMint (R-SC) had delayed the bill over objections to F & F lobby rights, but in the end the R’s struck a deal with the Dems and passed it.  

The bill will allow re-fi’s of up to $300 billion in distressed mortgages, give tax breaks galore in order to help the market, tighten future oversight of F & F – and (this is the real kicker) give the Treasury temporary authority to approve an unlimited line of credit for F & F.  Now isn’t that sweet?!  We, the taxpayers, are going to foot the bill for a bottomless pile of cash for two government-sponsored enterprises being run by people of questionable judgment.

If you wish to see this in a positive light, just read the first paragraph of today’s Washington Post story which says, “In a rare weekend session, the Senate today ended months of legislative wrangling and gave final approval to a sprawling housing bill that seeks to halt the steepest slide in home prices in a generation, rescue hundreds of thousands of families from foreclosure and restore confidence in the nation’s largest mortgage finance firms.”

(GAG!!)

Why-oh-why is it the job of Congress to interfere with the natural forces of the market, rescue people from foreclosure because they financed over-priced houses with adjusable-rate mortgages they now cannot afford, and restore confidence in two companies that probably deserve to fail due to poor management?  Where in the Constitution does it say that the State is responsible for protecting its citizens from the natural consequences of their own poor judgment?!!

The Nanny State gets fatter while our dependence upon her grows…

Here’s a little tip for all you aspiring extortionists:  when attempting to shake down your target, don’t paste your signed demands to his door – and don’t have the document notarized at the local UPS Store.

Send your thanks for this sage advice to former Nevada Democratic Party official and campaign consultant Michael Zahara in care of the Clark County Jail in Las Vegas, NV.  Zahara was arrested this week on charges that he tried to extort $5,250 from his former boss, Nevada Assembly candidate Sanje Sedera. 

Zahara taped a notarized letter to Sedera’s door threatening to tell Sedera’s family, business associates and family members that Sedera, a former resident of Sri Lanka, had committed mortgage and IRS fraud and was involved in “terrorist rebel activity.” 

Sedera, who has been a mortgage broker in Las Vegas since 1996 and who dropped out of the campaign to help with relief efforts in Myanmar, contacted police immediately after finding Zahara’s missive taped to his front door.  Sedera says the claims are baseless.

See more details in this Las Vegas Review Journal story.

Here’s a strange fascination for this election season:  The Arizona Democratic party is using one of the GOP’s own to shred U.S. Rep John Shadegg (R-AZ) in this new campaign ad.  Set to the classic David Bowie song “Changes,” the ad includes quotes (and provides sound bytes) of controversial statements recently made by U.S. Congressman Dean Heller from Nevada (R-Carson City).

In a segment which first aired on KTVK-Channel 3 on March 3, Heller re-stated an old mantra about the men who go to D.C. only to become corrupted:  “Instead of changing Washington, Washington changed us.”  Then, on July 8 in the Las Vegas Review Journal, Heller expressed concern over the influence of trial lawyers, environmental lobbyists, and labor unions in Washington D.C. and said “its’ time to clean house in the Republican party” and “the next couple election cycles are going to do that.”

When first reported, Heller’s comments were seen either a gaffe or a bold move – depending on the hearer.

The Daily Kos snarked, “Dean Heller’s foot, meet Dean Heller’s mouth.”  Others in D.C. agreed and quickly came out against Heller’s remarks.

But Chuck Muth, one of Nevada’s best-known conservative pundits and a constituent in Heller’s district, supported Heller’s comments without equivocation. Muth blogged, “Longtime liberal columnist Michael Kinsley famously defined a “gaffe” in politics as “when a politician tells the truth.”  If you accept that definition, and I do, then Nevada Republican Rep. Dean Heller committed a gaffe of canyon-sized proportions this week.  I hope he keeps it up.”

As Muth told the Las Vegas Review Sun, “[Heller] was the first one to voice publicly what an awful lot of conservatives around the country are saying.”

Some in D.C. agree.  As reported here by PolitickerNV, The Club for Growth said “Heller is spot on” and cited cases in which Republicans are losing seats in special elections.  Spokesperson Soloveichik said, “We’re seeing a lot of housecleaning because people are disenchanted with what Republicans are doing.”  Referring to corruption scandals and lamenting that Republicans can no longer be taken seriously as stewards of fiscal conservatism, Soloveichik said, “They’ve abandoned their principles.”

My three cents?

I’ve been getting quite a few comments and emails from frustrated conservatives who believe money and power has corrupted many Rupublicans in Washintgon D.C. and that we should “throw the bums out.”  If their sentiments are shared, Shadegg and/or other Republicans may well have cause for c-c-c-Concern come November.

I promise to give up all shameless self promotion when I’m a famous nationally syndicated writer/editor.  But for now, I’m tickled to announce that yesterday’s E!! post on Dem/Progressive want ads for campaign help (and the lack of any for the GOP) in Nevada got the attention of Politico @ Real Clear Politics here.

!!

Did anyone else feel the urge to choke the living daylights out of Chuck Schumer this week?  If not, you must have missed the Senate floor speech in which he re-opined the tired line that if only the Saudis would produce “half a million barrels more oil a day, the price [of oil] would come down a very significant amount.” 

Why does this statement make my blood pressure rise and my fingers twitch?

Because the tiny impact area within ANWR – a size ratio equivalent to a dime on a 4 x 8’ table – is projected to produce ONE MILLION barrels a day, every day, if only we would drill.  And because Schumer’s (true) statement that a greater immediate supply would reduce prices falls short of saying what is also true:  that even the ANTICIPATION of a greater FUTURE supply would decrease prices in the Now.

Schumer’s other infuriating comment – that more drilling would “stop the speculation that keeps driving up the price of oil” – also missed the proverbial mark.  Speculators wouldn’t “stop” if the Saudis drilled more, because speculation in free markets never stops.

Instead, speculators (also known as investors, also known as buyers and sellers, also known as people trying to earn money for their families and futures) would anticipate the increased oil supply, begin to sell for less, continue to drop prices as volume increased, and thus reverse the current market trend of charging a per barrel premium for what is currently a too-scarce commodity. 

Perhaps  “speculation” would then stop being a dirty word and be seen as what it really is:  the natural response of the market to the forces of supply and demand.  

For those not convinced that these tenets of ECON 101 are true, please note that we’ve already seen the evidence.  As Larry Kudlow reported the other day on NRO, oil prices dropped $9 per barrel the day after the offshore drilling moratorium was lifted by the president.  This is no coincidence.  It is case-and-point and perfectly illustrates what speculation really IS – not a crime against humanity, but the market doing what markets tend to do:  try to anticipate the future and adjust.

It is maddening that the same people who want to spend billions on economy-choking “climate change” measures that might (MIGHT!) reduce temperatures by one quarter degree over the next one-half century cannot see the wisdom of opening a tiny piece of ANWR in return for a sure thing over the next one to ten years.

Gallup is reporting the lowest Congressional job approval rating since Gallup started polling 34 years ago.  This dismally low number reminds me of…hm…Something…oh Yes!  It’s Senate Majority Leader Harry Reid recently saying the following in re: to comments about a possible presidential veto by Senator Mitch McConnel (quoted from Mark Hemingway’s June 30 column @ National Review Online):

SEN. HARRY REID (D-NV): “A veto by the President? Gee whiz, who would be afraid of him? He has a 29-percent approval rating. How in the world could anybody be afraid of him vetoing a bill?  I cannot imagine why anyone would care about that. . . .  I say to my friend and I say I don’t know how many people are up here for reelection, but I am watching a few of them pretty closely, I say to all these people who are up for reelection:  If you think you can go home and say, I voted no because this weak President, the weakest political standing since they have done polling, I voted because I was afraid to override his veto — come on.”

So, Senator Reid… If a 29% presidential approval rating renders W. “weak,” what does a 14% approval rating render you and your feeble Congressional pals?

From the website Americans for Tax Reform: 

Cost of Government Day (COGD) is the date of the calendar year on which the average American worker has earned enough gross income to pay off his or her share of spending and regulatory burdens imposed by government on the federal, state and local levels.

Cost of Government Day for 2008 is July 16.  Working people must toil on average 197 days out of the year just to meet all costs imposed by government.  In other words, the cost of government consumes 53.9 percent of national income.

How about some suggestions for how we can all celebrate the Day we stop feeding our income to the Insatiable Monster that is Government?  Talk sarcastically amongst yourselves and report back.

Lately I’ve been reading a lot of commentary suggesting that Conservatives need to get angry about the frightening Leftward socio-political swing our country is in danger of taking no matter who wins the election this fall – and to do/say something about it.  For a little taste of what this might look like, click below for my recent column/rant in Liberty Watch Magazine:

 http://www.liberty-watch.com/volume04/issue04/trueconservative.php

Each summer the ancient Greeks would sacrifice a brown dog to appease Sirius, the Dog Star, believing it to be the source of the hot, oppressive weather.  Known as caniculares dies or “days of the dogs,” high summer was thought to be a time of evil when the “seas boiled, wine turned sour, dogs grew mad, and all creatures became languid, causing to man burning fevers, hysterics, and phrensies” (Brady’s Clavis Calendarium, 1813). 

Though animal sacrifices to imaginary gods are no longer in vogue, it seems we are still prone to blaming far-away stars for our troubles.  The pains of the current energy shortage have been attributed to OPEC, international futures traders who conspired to drive up oil prices, and foreign forces driving down the U.S. dollar.

The true cause of our decline can be found much closer to home:  in the stagnating halls of Congress.  Our Legislators have failed to open domestic lands and seas to energy exploration, drilling, and new refineries and so billions of barrels of domestic oil are being kept off the market.  As a result, gas has now reached $5 a gallon in some parts of the country.

Arguments that it would take ten years to bring new supplies online sound hauntingly familiar.  Hm…  Oh yes:  it’s exactly what was said ten years ago when the nation last debated this issue.  The short-term thinkers won the last round; will they do so again now?

Critics also argue that we should be focusing on renewable energy sources like solar, wind, and bio-fuels.  Fine, yes, good.  But solar power and windmills can’t take the place of oil in the U.S. economy, and the ”encouragement” (mandates and massive subsides) of bio-fuels has driven up food prices so that we are now paying more at the grocery store as well as the gas station.

Increased domestic oil production is part of the answer.  Our technology enables us to drill with very little impact on the environment (and certainly in more ecologically friendly ways than many of the nations from whom we’re currently buying oil).  Let’s do it, then, while also developing techonologies that might one day enable us to power our nation without oil.

As for the cap-and-trade and windfall profits tax bills the Democrats tried to push through the Senate, we can thank our lucky stars they didn’t pass.  What worries me is what may happen when the dog days of summer are gone and the cool winds of November come a blowin’. 

If the GOP loses contested Senate seats and we elect a president who favors the artificial rationing of energy despite current shortages and high prices, we may well find ourselves wishing on a star for the good ol’ days of $5 a gallon gas.       

In the interest of letting Senator Ensign speak for himself on his energy-efficiency tax credit amendment, you can click here for the full text of his Senate Floor Speech (given Thursday).

For those of you who don’t have time to read all 1,216 words, here’s the sum-up:

Ensign refers to the high cost of energy and says we need smart policy for both our economic and national security.  He claims his amendment offers tax credits that will encourage more development of alternative, renewable energy (solar, wind, and geothermal).

In answer to those who say his bill has nothing to do with housing, Ensign claims his bill will help create between 100,000 and 200,00 jobs and encourage billions of dollars worth of investment, which will strengthen the economy including the housing market.

Ensign also says the tax credits will reward people who produce their own electricity by going solar, who build or buy an energy-efficient home, or who buy energy efficient appliances…and says these are all related to housing.

In re: to the “not paid for” objection, he claims there are “$2.4 billion in tax-related items that are not paid for in [the housing] bill” and that he therefore challenges the Democratic leadership’s claim that his energy amendment won’t pass in the House. 

Ensign asks how the Democrats expect their “not paid for” housing bill to pass if the House is truly not accepting bills that aren’t paid for.  (Indeed!) 

Finally, Ensign says he is pushing for this now because (1) the private financing of solar, geothermal, and wind power projects is critical to their development, (2) his proposed tax credits will allow private businesses to predict and rely on their return on investment, and therefore (c) investor confidence will immediately rise and more clean/renewable energy projects will happen sooner.

In an unexpected move this week, Nevada Republican Senator John Ensign single-handedly delayed a vote on the Housing Stimulus Bill.  His motive?  Many are saying Ensign’s demand that a renewable-energy tax credit amendment be piggybacked onto the housing bill is sheer stubbornness over a pet project. But at least one housing industry insider has a different take, and his answer may surprise you.

As reported by Reuters, Democratic Illinois Senator Richard Durbin said the Housing bill was being hindered because of Senator Ensign’s “insistence on an unrelated amendment.”  The bill’s chief architect, Connecticut Democratic Sen. Chris Dodd of the recent Doddy-wide VIP Mortgage Scandal, said, “one United States senator has decided we shouldn’t do anything but HIS bill.”  Senate Majority Leader Reid was displeased with the delay and applied pressure by threatening to extend the Senate session into the weekend. 

Lobbyists for the Housing Bill chimed in as well.  Yesterday afternoon, I spoke to Ken Gear, Vice President of Government Affairs for Pulte Homes, Inc., one of the nation’s largest home builders.  Mr. Gear said, “This bill is too important for the country to be playing politics with.  The market continues to deteriorate and the Senate needs to work in a bipartisan fashion to get it done immediately.”

When asked whether he was accusing Senator Ensign of delaying the housing bill for political reasons and what those reasons might be, Mr. Gear declined to elaborate.  I spoke to another high-level industry insider who was willing to say more if I would agree to withhold his name:

“This isn’t about housing.  Ensign’s play to attach an energy efficiency tax credit amendment to the bill is purely political because the tax credit is going to cost $8 billion to implement but is not “paid for.”  The House has said it won’t pass any bill that doesn’t specify where the money will come from, and Ensign’s amendment doesn’t include this, so the Democratic leadership knows the bill won’t pass.  

Ensign knows this, too, but he’s trying to score political points by forcing the Democrats to vote against an energy efficiency bill in an election year in which energy policy is going to be a huge issue.”

Stand by for Part Two of Our Series: “Method or Madness: John Ensign Stalls Housing Bill Over Energy Amendment”

While I’ve got Harry Reid on the brain, I saw a funny note by Henry Payne on NRO’s Planet Gore blog the other day.  He referred to an early June debate over the Lieberman-Warner climate bill and quoted Senator Reid as saying that global warming is “the most important issue facing the world today.” The funny part is that Reid drives to work every day in a large, armor-plated, 13 mpg Chevrolet Suburban SUV provided to him by Capitol security police.  With respect for Senator Reid’s concern (awareness?) that more than one citizen might wish to do him harm, is this really necessary?  Payne said one of his Detroit News colleagues recently quipped, “I’ll believe climate change is a crisis when the people who say it’s a crisis start acting like it’s a crisis.”  Amen!