Dot . . . Dot . . Dot . . .

Saturday, June 6th, 2009

While I am not a fan of sports betting, the fact of the matter is it goes on. There is no reason, therefore, New jersey should not get a slice of the pie. With Delaware’s recent adoption, it is an attack on NJ’s gambling interests. I support Corzine and Van Drew in suing to overturn the regulation that prevents The Garden State from running a sports book . . . It is good to see a business investing in Camden. The little bit of tax dollars that will accompany this appear to be a good expenditure. That is a pleasant change from the money pit Camden usually is . . $981 million of the stimulus package will be spent on keeping New Jersey teachers employed. How do you feel about that? . . . Gov. Corzine pissed off concert-goers the other evening. He had coerced campaign donations for the promise of a Bon Jovi concert. That concert was three songs. The crowd was not happy . . . After this year, I am onboard with this article about teacher burnout . . . In addition to the massive debt Gov. Corzine has created for us, did you know the public colleges and universities of our state have added beaucoup debt to our taxload? . . . Remember the outcry state workers had because they were no longer able to take Black Friday off? Well, no longer. Gov. Corzine caved and gave Black Friday off. All that was gotten in return was Corzine saved face in front of VP Biden . . .

I’m Changing My Name To Fannie Mae

Saturday, May 30th, 2009

There’s a special place in my musical life for Arlo Guthrie. I used to have a gazillion bootlegs of his (there’s still a few floating around downstairs). I had an absolute wonderful time seeing him at the old Valley Forge Music Fair in the round. I find his music wonderful. A cross between Tom Lehrer and Dylan; a kinship with his dad Woody and his buddy Pete Seeger, Arlo is the present-day embodiment of American folk music.

While everyone enjoys Alice’s Restaurant (my folks actually owned this one), Ring-Around-a-Rosy Rag (I still say that is a good scavenger hunt . . . re-create playing it in Rittenhouse Square as Arlo had done), Coming Into Los Angeles, Steve Goodman’s City of New Orleans, etc., I always enjoyed the quirky tunes.

When the government bailed out Chrysler (the first time), Tom Paxton wrote the classic I’m Changing My Name To Chrysler. It was an Arlo staple for years. Funny song.

Anyhow, as I searched for Arlo’s version of Goodnight, Irene, I stumbled across this updated version of Paxton’s song. Arlo is always relevant.

This is for my mother.



Chrysler Et Al. Screw Taxpayers

Thursday, May 7th, 2009

It’s no surprise to me, but Chrysler is making it known that it will not pay back the money it owes taxpayers.

Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part of its bankruptcy filing.

My understanding is that we have given Chrysler $17 billion.  I suspect we’ll get none of it back.

But that isn’t the most galling thing Chrysler is doing.  How could they screw us more?, you ask.  They’re primed to asked for another $1.5 billion in June!

According to the filing, the company’s financial advisor also foresees the need for an additional $1.5 billion loan from the Treasury Department by June 30, 2010.

That’s chutzpah!

Back in September I called for letting these businesses file for bankruptcy.  Bankruptcy does not mean that the business folds; it re-organizes!  That is what all these companies need to do.  Instead, our government decided to become a shareholder tossing mounds of cash at these failing corporate cheats.  Now we stand in line with all the others trying to get pennies on the dollar back.  And we won’t.

The entire bailout strategy is a failure.  Chrysler is small compared to GM.  That foot has yet fall but when it does you will be able to feel the vacuum of your tax dollars disappearing.

The Credit Crisis Explained

Sunday, May 3rd, 2009

An explanation of the credit crisis doesn’t get much clearer than this. It’s a little long, but it is compelling. Seriously.

Big kudos to Jonathan Jarvis.


The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Governor Corzine Comes to Millville

Tuesday, April 7th, 2009

Tomorrow, Governor Jon Corzine will be in town.

Corzine will be at the Cumberland County Improvement Authority, located at 2 High St., at 4 p.m. to make an announcement regarding the intersection of routes 49 and 55.

The first thing I thought of was how Corzine shunned Cumberland County in doling out nearly $1 billion in federal transportation stimulus funds.

Gov. Jon S. Corzine revealed Thursday the 55 transportation projects that state officials chose to receive New Jersey’s $894 million share of federal transportation funding. Not one Cumberland County project was among them.

Why would Corzine sneak up on Millville tomorrow?  To make political amends for the above.  It is an election year after all.  Millville government didn’t even know he was coming.

I suspect that Corzine will do the dance: talk about the importance of Cumberland County, talk about the need of expanding the roads here, talk about how government (and particularly, he) is concerned for the community here, and tell us that he will do all he can to help out.  He’ll do all this without committing to anything.  No money will be slated, just a promise that he’ll do something in the futre.

How could he possibly come up with cash now?  He would be raked over the coals for spending if he produce dollars tomorrow.

I hope to make the meeting, although I will be late if I get there.  I am not too concerned as the last time I went to see Corzine here in town, I waited more than an hour and a half before I left.  My time is too valuable to wait.

Should I attend, let it be known I will have a camera with me.  Middle Township tabled a motion last night to seriously curtail the public’s recording of open public meetings.  It sounds like they are going to re-tool the legislation.  If one is in public, he is recordable.  I know Millville’s council has made some comments over the years in this regard.  The tax they they negotiated with Comcast to be levied against the taxpayers to cover the equipment to record the meetings is still in place.  The last time I saw one of those tapings, it was unwatchable.  I’ll record it myself, thanktyouverymuch!