Wednesday, December 31, 2008

Auld Lang Syne 2008


Should auld acquaintance be forgot
and never brought to mind?
Should auld acquaintance be forgot
and days of auld lang syne?
For auld lang syne, my dear,
for auld lang syne,
we'll take a cup of kindness yet,
for auld lang syne.

Should auld acquaintance be forgot
and never brought to mind?
Should auld acquaintance be forgot
and days of auld lang syne?
And here's a hand, my trusty friend
And gie's a hand o' thine
We'll tak' a cup o' kindness yet
For auld lang syne

Listen,

Monday, December 29, 2008

A Sneak Peek at Plymouth's 2009


Year-end articles naturally divide into two types: A recap of the "big" stories of the previous year, and predictions for the upcoming year. For the former category, one wonders how big those stories were if we already need a reminder. There is also a suspicion that these articles are really filling the space vacated by the retailers' ads. As far as predicting the future, there is serious downside as some wise guy will go back and look up your predictions, especially the ones that really turned up lame, like the predictions for 2008 which saw absolutely no chance that Barack Obama could win the election.

The solution here is to focus on a few developments from 2008 and examine how they might emerge in the coming year. In addition, the focus here is on our home town where issues fly under the radar of the national media.

At last May's Town Meeting, a proposal for a new form of government for Plymouth was voted down by a two to one margin. In spite of the low 25% voter turnout, it was generally agreed that while there was significant support for a mayoral form of town government the proposal was just too complicated and failed to provide clear lines of responsibility.

Almost immediately, work started anew on another new charter for town government, which is expected to be presented to the spring Town Meeting. According to a recent ARTICLE in the Old Colony Memorial, the charter process can be lengthy:

This week, Town Clerk Laurence Pizer clarified the process and noted that, optimistically speaking, it could be two years before any major changes in Plymouth’s administration went into effect – assuming Town Meeting and voters opt for a mayor.

“If everything passed, my best guesstimate would be January 2011,” Pizer said.


The rest of the article does a good job of explaining the process. And while the primary concern was for the possible impact of a new charter on the hiring of a new town manager, it also highlights the opportunity cost going through the whole approval process with a half-baked proposal, only to be turned down by the voters. The lesson here is that we all might spend some time studying the proposed new charter before it gets locked in to the process. We need to give the concept of a mayoralty type government a hard look and be sure it is presented in its best form. Otherwise, we will lose at least a few years before we can try again.

The second issue to unroll in 2009 will be the initial development of Plymouth Rock Studios. Co-founder, David Kirkpatrick, was featured in a Boston Sunday Globe ARTICLE profiling his movie-making background and his enthusiasm for making the Plymouth studio a reality. Suffice it to say that his enthusiasm proved infectious as Plymouth provided the project with all the approvals and tax breaks it sought. And many would ask, why not? The enticement of jobs and tax revenue overwhelmed any concerns about infrastructure and traffic. If the $400 million project succeeds, the benefits to the town will be substantial. And while the project will take several years to come to fruition, construction is expected to start in 2009. According to the article:

In the coming year, Kirkpatrick says, the vision of Hollywood East will begin taking on a physical form. "Since we want to be open in the fourth quarter of 2010, part of the studio will be built by the end of 2009," he says. "We've got $200 million in payroll to spend on construction in laborers, carpenters, and tradesmen."

The studio is expected to employ 2,000 or more. "Jobs on the lot," as Kirkpatrick calls them, will start being filled in the spring of 2010.


Let's hope that this movie plays out as well as its previews.

Wednesday, December 24, 2008

Back by Popular Demand


Amid the fallout from: political posturing, dueling bailouts, hedge fund crooks, lost elections, stock market swoons, senate seat raffles, sub-prime failures, bankruptcies, lay-offs, ice storms, sagging home values, and (say it ain't so) weak retail sales, we go back to basics to find our true values and claim the peace of mind that is there contained:

Christmas 101
In those days a decree went out from Caesar Augustus that the whole world should be enrolled. This was the first enrollment when Quirinius was governor of Syria. So all went to be enrolled, each to his own town. And Joseph too went up from Galilee from the town of Nazareth to Judea, to the City of David that is called Bethlehem, because he was of the house and family of David to be enrolled with Mary, his betrothed, who was with child. While they were there, the time came for her to have her first child and she gave birth to a son. She wrapped him in swaddling clothes and laid him in a manger, because there was no room for them in the inn.

Now there were shepherds in that region living in the fields and keeping night watch over their flock. The angel of the Lord appeared to them and the glory of the Lord shone around them. and they were struck with great fear. The angel said to them "do not be afraid; for behold, I proclaim to you good news of great joy that will be for all the people. For today in the city of David a savior has been born for you who is Messiah and Lord. and this will be a sign for you; you will find an infant wrapped in swaddling clothes and lying in a manger. And suddenly there was a multitude of the heavenly host with the angel, praising God and saying:

"Glory to God in the highest
and on earth peace to those on
whom his favor rests."
Luke 2


May you find the peace and comfort that this simple message has brought to so many

Saturday, December 20, 2008

Continued Auto Madness


Its been hard to support George Bush for the past eight years. He is our guy, but it's no wonder he has an approval rating that reflects three out of four are unhappy with the job he has done. Yesterday's bailout of the American auto industry has many of his erstwhile backers scratching their heads. An EDITORIAL in today's Wall Street Journal neatly sums up the effect of the program:

Friday's taxpayer bailout of Detroit's auto makers isn't the worst moment of the Bush Presidency, but we'd put it in the top 10. President Bush will now avoid getting the blame for letting the companies declare bankruptcy on his watch. In return, he's essentially handing over GM and Chrysler to the political ministrations of the United Auto Workers and the green lobby, as mediated by Congress. Taxpayers are likely to own a piece of this Corvair for years -- and tens of billions of dollars -- to come.


If the auto makers are to avoid the stigma of bankruptcy, they must still make the required cuts, including substantial UAW givebacks, that will allow them to develop a viable business model. These requirements should have been part of the bailout package, but instead were included as strongly-worded suggestions, which the UAW quickly rejected. By granting this loan, the task of sorting out the auto makers mess becomes the job of the new administration. Rather than pursuing cost reductions, the new Administration and Congress may decide instead to focus instead on greening up the product line. This could get expensive for the taxpayers.

On the personal front, I met with the dealer yesterday as part of my buy-a-new-car campaign. As you will recall, I had decided to re-focus my efforts on a 2008 model due to a lack of 2009's and the thought that I might get a better price on a 2008. While the dealer had a few 2008's, they weren't exactly what I wanted. Moreover, the price on a 2009 was actually the better deal than buying one of the leftovers. So we agreed on a price for a 2009 subject to them finding a car in the dealer network. This could take a week or so, which is fine with me. Overall, if this deal closes, I will end up with the car I want at a decent price from the local dealer that I preferred. All in all, a good ending.

One of the things I learned through all this is that while the Detroit auto-makers are caught up in a game of financial Russian roulette, their competitors are still doing business at an impressive clip. It will be interesting to watch how the Democrats deal with the stubborn UAW. I hope that they do better than George Bush.

Friday, December 19, 2008

The New Car Saga Continues


It seems to make sense to learn as much as you can about the car you want before you go into the showroom. By pinning down the model and options I am looking for will hopefully avoid some of the confusion of trying to sort it all out in the midst of a face to face sales spiel.

In my case, I had already decided on the make and model, so I needed to compare the standard features of the three options being offered. I used the manufacturer's web site as a starting point and it was quite helpful. The middle option had all of the features that I wanted except for an upgrade to the radio/CD player. The site also supplied the MSRP which gave me a starting point on price.

As previously mentioned, this quest is a little different from my previous car-buying experience. First of all, my old car is getting to the point that it's becoming more and more expensive to maintain, and while 115,000 miles is not considered to be high for this car, a few recent repairs have provided the handwriting on the wall. Also, we will be taking a cross-country trip early next year and I don't want to deal the breakdown risk. The second consideration is the fact that I am now retired and, unlike previous car purchases, I need to be sure to get the best deal, even if it requires some leg work. I am envisioning visiting a number of dealers and flogging them into a bidding war which will get me a good price.

My next step is a visit to Edmunds.com which is reputed to provide the actual expected sales price. I am buoyed up by tales of friends who have been successful in getting dealers to accept the Edmunds price. The Edmunds price for my selected model is about $4,500 less than the MSRP. This is great. I haven't even left my house and I've knocked off $4,500. As a last step, Edmund's recommends requesting a free on-line quote from a dealer. This sounds painless and it would give me more ammunition when I actually get to the dealer.

I quickly discover that the quote will be supplied by a dealer that is forty miles away in a nearby state. It appears that my two local dealers don't participate in the online quote derby. Nothing ventured, etc. I request the quote and sit back and wait. Not for long. The phone rings and I am talking to a guy from the dealer who tells me that he really can't give me a quote on a 2009 model because they don't have any. The new models are trickling in and he has at least six customers lined up and waiting. He suggests considering a 2008, so I tell him to send me the info on what he has. A short time later, I receive an email linking to a site for a virtual test drive. No price quotes are included. I write this experience off. I wasn't going to use this dealer anyhow and decide to check around to see if the local dealers have any 2009's.

Neither of my local dealers are showing any 2009's on their web site new car inventories. I start thinking that a 2008 might make sense. The cars don't change that much year to year, and the prices should be better on a 2008. I revisit Edmunds and price out the 2008 version. As suspected, the Edmunds price is a little lower.

I finally bite the bullet and call the local dealer that is closest to me and the one with whom I would just as soon do business. The Sales Manager takes my call. His story regarding the 2009's sounds a lot like the out-of-state guy and I wonder if they are all reading from the same script. He does have a a few 2008's and we set up an appointment for the following morning. As I fall asleep that night, I wonder if these guys have missed the articles about car sales being at historical lows.

Tuesday, December 16, 2008

Up Close and Personal


It's been interesting, to say the least, watching the Congress and the President wrestle with the woes of the auto industry. But like many of the great issues of the day, they take on a much different meaning when they impact on us personally. In my case, I have reached one of those points in life, dreaded by so many, I need to buy a new car.

I believe it pays to do your homework. Given the bottomless well of information on the Internet, a lot of this can be accomplished in the comfort of one's own home. Without dragging my readers through all the gory details, suffice it to say that this allowed me to narrow down my choice substantially as I am locked in on a make and model before setting foot on a dealer's lot. One of my constraints is the availability of dealers in my area. I am committed to doing this deal locally for a host of reasons, not the least of which is I can easily tow the new car back if I have problems. Fortunately, I have two dealers within proximity, so barring any unexpected problems, I know where I will be buying the car.

I am not going to name names, but let's just say that once I buy my car, I will not have to worry about a bailout for its manufacturer. I am going to buy what used to be called a foreign car. Rather than being a choice between patronizing Americans vs. foreigners, I have the choice of a car made by Americans with an equitable sense of financial balance, or buying a car from a bloated, outdated company being held hostage by the UAW. Let me think.

The media is crammed with stories about how car sales are at levels not seen since the Korean war and how desperate the dealers are to move metal. Given that, one might expect that I'd be welcomed with open arms, but I'm not falling for that. Car dealers are stuck in their old ways salesmanship which is sort of a cross between a carnival and a casino. I pass one of my prospective dealers regularly, and last time I looked, they had a balloon on every car and a fifteen foot blow-up dragon in front of the dealership. Do you think I might be met by a fast-talking glad-hander when I show up? You betcha. Once you buy into that "let's make a deal" routine, getting the car you want at a reasonable price can be a challenge. My solution? I will try to lay the groundwork by phone so that by the time I show up at the dealer we will at least be focused on the car I want.

This may sound like the musings of an anal-retentive, ultra-cautious, cost-conscious, well-organized consumer. Only if that were so. My track record on buying cars is replete with impulsive-compulsive purchases of cars not previously on the radar screen. In other words, I have always been the fast-talking, glad-hander's prime target. But to coin a phrase, this time it will be different.

More reports to follow.

Tuesday, December 9, 2008

Our Guy Sal


At one time, a small school of financial analysts developed a relatively simple method for gauging the economic outlook. Back in the dark days before the Internet, they would measure the volume of optimistic financial newspaper articles and compare it with the volume of pessimistic articles and thereby develop an index of future investment performance. Okay, I said it was a small school, but it does have a certain logic about it. Suffice it to say, any measure today of such a sentiment would indicate clearly that we are definitely on the edge of a monumental abyss of financial calamity. Now with the American Auto Industry facing the alternatives of bankruptcy, or nationalization, it is hard to know where to start to propose remedies.

Amid this quandary, comes our own Sal DiMasi to the rescue. As reported in today's HERALD:


House Speaker Salvatore DiMasi pushed today for legislation that would allow cities and towns to join the state’s insurance plan despite objections by local unions, saying the move could save municipalities millions as they brace for possible cuts in state aid of up to 10 percent next year.


The idea that a municipality can save substantially by transferring its group insurance to the state program is not a new idea, and, in spite of the fact that significant cost savings can result, only about 5% of Mass. municipalities have signed up. And while these cost savings come without any loss of benefits, continued resistance has been laid to the door of the public employee unions who apparently see some sort of loss of bargaining power by switching to the state plan.

Now maybe the fact that Sal has got the right idea on this is akin to a stopped clock being right twice a day. But he is correct that hard times are upon us and its only a matter of time before they trickle down to the local communities. If the doomsayers are even partly right, we are going to need a lot more proposals like this one. The public employees are missing a great opportunity to take the high road and agree to switching their insurance to the GIC. Then, they might be able to garner some community good will rather than being dragged, kicking and screaming, to the same end result when Sal's proposed law mandates the change.

Monday, December 1, 2008

A New Look for the Plymouth County GOP


Check out the Plymouth County Republican Club's new .WEBSITE. Behind the new graphics and informational line-up, is a new spirit which, after last month's election is sorely needed. The site also includes a link to the Club's BLOG which should contribute to the flow of information among the County Republican Committees.

Now, more than ever, Republicans and like-minded others must band together to re-affirm the value of tried and true conservative principles and bring them to bear on the issues of the day. High on the list of Goals should be a commitment to return Massachusetts to a two-party political system. The recent failures of Democratic-dominated Beacon Hill illustrates the need for balance and oversight that a two-party system can bring to the taxpayers of Massachusetts. The View salutes the Plymouth County Republican Club for taking a leadership position in this effort.

Wednesday, November 26, 2008

377 Years Later, The Tradition Continues


Tomorrow we gather with friends and family to celebrate the American tradition of Thanksgiving which had its beginnings in our country's earliest days among the English settlers who landed in the wilderness of Plymouth in 1620. Like many details of those times, the facts are a little sketchy but a basic understanding has grown from surviving documents.

The View from Plymouth Rock indeed emanates from the Town of Plymouth, Massachusetts, but rather than blogging from the Rock itself, The View originates from a small nearby settlement called Winslowe's View. But let's face it, The View from Plymouth Rock is more illustrative than would be the View from Winslowe's View.
On December 11, 1621, one of the first settlers, Edward Winslow, for whom our community is named, wrote a letter, which has survived to provide a glimpse of what was probably the first celebration of Thanksgiving:

"Our corn did prove well, and God be praised, we had a good increase of Indian corn, and our barley indifferent good, but our peas not worth the gathering, for we feared they were too late sown. They came up very well, and blossomed, but the sun parched them in the blossom. Our harvest being gotten in, our governor sent four men on fowling, that so we might after a special manner rejoice together after we had gathered the fruit of our labors. They four in one day killed as much fowl as, with a little help beside, served the company almost a week. At which time, amongst other recreations, we exercised our arms, many of the Indians coming amongst us, and among the rest their greatest king Massasoit, with some ninety men, whom for three days we entertained and feasted, and they went out and killed five deer, which they brought to the plantation and bestowed on our governor, and upon the captain and others. And although it be not always so plentiful as it was at this time with us, yet by the goodness of God, we are so far from want that we often wish you partakers of our plenty."

By 1623, the tradition seems to have gained strength as Governor William Bradford issued the first Thanksgiving Proclamation:

"Inasmuch as the great Father has given us this year an abundant harvest of Indian corn, wheat, peas, beans, squashes, and garden vegetables, and has made the forests to abound with game and the sea with fish and clams, and inasmuch as He has protected us from the ravages of the savages, has spared us from pestilence and disease, has granted us freedom to worship God according to the dictates of our own conscience.

Now I, your magistrate, do proclaim that all ye Pilgrims, with your wives and ye little ones, do gather at ye meeting house, on ye hill, between the hours of 9 and 12 in the daytime, on Thursday, November 29th, of the year of our Lord one thousand six hundred and twenty three and the third year since ye Pilgrims landed on ye Pilgrim Rock, there to listen to ye pastor and render thanksgiving to ye Almighty God for all His blessings."

William Bradford
Ye Governor of Ye Colony


Thanksgiving has become a uniquely American tradition and while some cynics like to to poke holes in its historical underpinnings, we, as a country, set aside our differences for a day and celebrate our abundant blessings. Happy Thanksgiving from the View.

Monday, November 24, 2008

Historic Parallels


Okay, its taken us several weeks, but we are ready to move on. Which is more than we can say for some people. Today, Doonesbury was still whacking away at Sarah Palin.
Obama wasn't our pick, but he won the day and we are now ready to subscribe to the "give him a chance" school of thought. Besides, if it turns out badly, we can revert to the I-told-you- so stance.

And while we wish Mr. Obama well, it strikes us that much of the gratuitous adulation from his campaign is carrying over to the transition period. For instance, he is repeatedly being called the next JFK. Okay, both were young senators when elected. Obama has an attractive wife and a cute young family, just like JFK did. Beyond that, the comparison gets very thin. What we seem to need is someone to invoke the Lloyd Benson comparison, along the lines of: We knew Jack Kennedy. He was our president, from Massachusetts, when we were young and the future looked endlessly golden and inviting. Senator Obama, you are no Jack Kennedy.

And then, there's the Abe Lincoln comparison. As illustrated by the Ron English portrait nearby, some folks have given this a lot of thought. And maybe there is a twisted parallel if someone could connect the dots between Lincoln's Emancipation Proclamation and Obama's election. Good luck to that. More recently, we have been reminded of Lincoln's courage in appointing a "Team of Rivals" to his cabinet rather than a gang of sycophants. Before you point to Hillary Clinton as an example of Obama acting Lincolnesque, I would have you recall last summer when Hillary dragged her feet in terminating her campaign amid rumors of her taking the fight to the convention. Then, magically, the Clintons agreed to fold their tent and support Obama, and everyone wondered what kind of deal was cut. Well, now we know. Maybe concern about the conflicts raised by Bill's money-raising schemes will block Hillary's confirmation as Secretary of State, but don't bet on it. In the meantime, is this an example of hope we can believe in?

But don't despair, the channelling of ex-presidents continues as we hear that Obama may well be the new FDR as he comes riding in to save us from the financial crisis that has recently melted down half of every one's 401 (k). There seems to be an expectation that he will unfold a New New Deal that will solve our financial ills the same way FDR's New Deal fought the effects of the Depression. Not to rain on this parade, but by the time Obama is sworn in, there may not be much left in the old Treasury after the bail out for the banks, insurance companies and the auto industry. Obama is calling for a significant stimulus package to stave off the looming recession. Since he has also refused to postpone any of the new spending programs he has promised, I have a feeling that 95% of U.S. Taxpayers may not be seeing that tax cut for a while.

Okay, okay, I did say we have to give the guy a chance. But at the same time, we have to wonder just what achievements in his background point to his being an effective president? If the past is prologue, then perhaps hope is the answer after all, as in, "We sure hope this guy can do the job".

Monday, November 17, 2008

Reflections III, and Beyond

While not readily apparent from the MSM, we have been through merely an election and not a total societal transformation. Victory may be sweet, but it is not permanent. Most of the campaign issues will arise again in public debate, sooner rather than later. But before relegating the election to history's dustbin, The View would like to take a final look at one particular facet; namely, the selection of Sarah Palin as John McCain's Vice Presidential running mate.

In the final days leading up to McCain's announcement, the overwhelming concern was that he would select a pro-choice VP. Joe Lieberman and Tom Ridge were the names being bandied about. When Sara Palin was introduced, many Republicans were immediately relieved, and then impressed, not only for her solid conservative positions, but also for the energy and enthusiasm she brought to the ticket.

Elections are, to some extent, about critiquing the opposing candidate. But the Democrats have a way of getting down and dirty fast. Recall how Gerald Ford was seen as a dope, in spite of graduating from Yale Law School near the top of his class. Ronald Regan was termed an amiable dunce and of course poor Dan Quayle was spelling-challenged. So when the left, aided and abetted by the MSM went after Palin, we shouldn't have been surprised. That the attacks went beyond the pale to her family, her church and her education plowed new low-ground. The fact that she had more administrative experience that anyone on either ticket was quickly brushed aside as she was held up to ridicule. Her personal life was combed through while Barack Obama got a pass on Jeremiah Wright. Palin was Called "dumb" and "ditzy" while Obama was simply "brilliant".

We expected the worst from the left and its spokesmedia, and we were not disappointed. But more importantly was the criticism that came from the right which questioned the orientation of palin's conservatism as being too closely aligned with the Christian right. This charge that somehow she offered the wrong brand of conservatism was, in some ways, a shadow of the criticism of McCain's tendency to reach across the aisle on occasion. Thus some found the McCain ticket wanting as it lacked conformance to a narrowly-proscribed conservative ideal. Estimates of the number of disaffected conservatives who may have sat out the election run as high as 4 million.

The Democrats seem to manage to unite its constituency in spite of differing goals. On the one hand, public employee unions support Democratic candidates who support big government and the construction trades work the polls on behalf of Democratic candidates seen to favor public works projects providing prevailing-wage jobs to its membership. At the same time, these groups have no organic reason to support liberal issues like abortion and gay marriage also favored by Democrats. Conservatives, on the other hand, are much quicker to turn their backs on a Republican candidate who fails to provide a full measure of commitment to their perception of orthodoxy.


The conservative agenda is based on a powerful set of principles that have helped this country not only survive, but grow and prosper. It has been recently defeated by a more liberal view that promises instant gratification in the form of short-sighted government programs designed to solve social ills via a re-distribution of wealth. Conservatives of all stripes must realize that the Republican Party is the only vehicle to regain influence. The United States does not have a parliamentary system allowing for the banding together of numerous splinter groups to form a governing coalition. Maybe its fun to boast about being a Libertarian, but that party, and most other third-parties, has a very long way to go before it fields a viable candidate. The Republican party needs to sharpen its focus and develop positive alternative solutions to the liberal tax and spend mantra. But at the same time, conservatives of all stripes need to recognize the benefit of banding together to achieve an acceptable conservative compromise. It is clearly better to achieve most of one's goals than to face years in the political wilderness. With a liberal president and a Democratic congress, we are about to get a taste of the cost of demanding a too-narrow band of acceptable politics.

Thursday, November 13, 2008

Reflection on the Election II

Shortly after Congress voted the initial bailout package, John McCain proposed a plan whereby the government would buy up troubled residential mortgages to prevent widespread foreclosures and evictions. The details of McCain’s proposal were sketchy and the plan seemed to reflect an almost desperate attempt to respond to the crisis. The massive scale of the crisis and its swift emergence, caught most by surprise. Moreover, there was little agreement as to the correct remedy. But McCain's proposal was seriously flawed in at least two respects.

While the financial crisis continues to unfold, one lesson is clear. The seeds of this problem was governmental pressure on lenders to lower their lending standards, coupled with an accommodation by Fannie Mae and Freddie Mac, who bought many of these loans from the banks. The lenders and their investment bankers also spread the risk of these loans by bundling them into marketable securities. But the law of unintended consequences is always with us and what started out as an attempt to encourage home ownership to low-income borrowers, also produced a stream of easy money for real estate purchases. Moreover, due to the government's parallel efforts at suppressing interest rates, mortgage money was not only easy, but it was cheap as well as it provided the fuel for the massive real estate bubble which saw legions of normally sane investors turn into real estate speculators.

Barney Frank and his co-conspirators would have us believe that it was the excesses of Wall Street, aided and abetted by Republican de-regulation that caused the mess. Make no mistake about it, Wall Street is in business to make money. At the same time however, avoiding losses is an important part of that effort and the Street is usually very efficient at pricing risk. It could be argued that absent the government's meddling, the market would have self-corrected long before the sub-prime loans achieved plague status. McCain's proposal precluded any effort to accurately describe the underlying causes of the crisis, allowing the Democrats to lay the blame at the Republicans door.

As a result of the relaxed lending standards, borrowers who might have otherwise not qualified for a loan were provided mortgages, often for a higher percentage of the purchase price of the property. But when borrowers failed to meet their payments, concern was raised, not for the lender's losses, but rather the borrower who faced the loss of the property. This might be an acceptable social sentiment, but it makes no sense from an economic standpoint. The proposal to have the government purchase the troubled mortgage to "protect" the homeowner from eviction implies a back door entitlement program that most taxpayers would find unacceptable. This flies in the face of Republican free-market principles and invited questions of McCain's grasp of basic economics.

While this issue, by itself, did not decide the election, it is one of the issues that, emerging late in the campaign, worked to McCain’s ultimate detriment. The View will look at several similar issues in future posts. Within the continued irony that marked this campaign, McCain’s opponent remained virtually silent and emerged largely unscathed by the financial crisis, just as he did on so many counts.

Saturday, November 8, 2008

Reflection on the Election


For many of us, it went down to the wire, believing that victory was possible, right up to the point that the toss-up states began falling like ten pins into the Obama column, and it became clear that the polls (God help us) were right and the freshman senator from Illinois had won the day and the keys to the Oval Office. And while this impossibly-long campaign has wrung the starch out of everyone involved, especially the voters, we woke up Wednesday morning knowing that the system works and the task of governing will be passed to the new president just as it has been for the past two hundred, plus years. New faces with new ideas will assume control and history will decide if they are able to deliver on their promises as they face the known and unknown challenges. It is heartening to know that the American Ship of State sails steadily on.

It's never easy to lose, especially in a contest as public and decisive as a presidential election. Those of us that counted on John McCain to carry our standard to victory must work hard to overcome the temptation to finger point and assess blame. Rather than wallowing in the slough of despond, we must try to learn from the results so as to help with the ongoing commitment to promoting our principles. Life goes on and so does the crusade.

One of the basic underlying facts of this election was that on election day, two-term Republican president George Bush held a 25% approval rating. 75% of the American people found his performance lacking. One of the primary reasons for this was the highly divisive Iraq war. The war began amid conflicting intelligence about the existence of Weapons of Mass destruction in Iraq, and the lack of a clear case between Sadam Hussein and Al Queda. John McCain understands loyalty and in spite of his support of the surge that points towards military victory, concern over a clear purpose of the war remained like a throbbing tooth in the jaws of many Americans, even among those providing staunch support for the deployed military. War is a burden, no matter how just its cause. A war lacking crystal clear purpose is, among other things, a political albatross.

The lengthy primary season and the saga of Hillary Clinton diverted attention from the vulnerability of the Republican party until relatively late in the process. While there was a certain schadenfreude in watching the Clinton's get their comeuppance, it seemed to defer coming to grips with the challenges faced by the Republicans attempting to win a third presidential term.

When the financial crisis hit and its murky causes were allowed to be lain largely at the Republicans door, the GOP's fate was probably sealed and it would have taken a super candidate to overcome these challenges. John McCain is a fine man, but he was no super candidate and no one ever said he was. At the end of the day, the vote was certainly decisive enough to clearly establish the winner. But given the handicaps to the Republican cause, it's a wonder that the margin of victory wasn't substantially greater. This is not to quibble. Mr. Obama has won and fully deserves all the laurels due the victor. The ship of state sails on.

At the same time, the lessons of history must be learned lest we risk their recurrence. The View will continue to examine some of the major campaign issues that, had they been handled differently, might have made a difference.

Saturday, November 1, 2008

3 Days to Go - Presidential Race Tightening



Conventional wisdom tells us that the in-office party always pays the price for economic calamity, whether warranted or not. Let's leave the discussion of the Democratic complicity in the financial crisis for another time and simply posit its validity as an assumption. To the extent that this holds true, the Democratic candidate, it would seem, should be showing a wide lead. This just hasn't happened. In fact, the polls (which The View loves to vilify) are showing a tightening race, only three days before the election.

As picked up by early-riser EaBo Clipper in RED MASS Group, the Reuters/C-Span/Zogby Poll is showing an interesting trend. According to pollster John Zogby:

"Is McCain making a move? The three-day average holds steady, but McCain out polled Obama today, 48% to 47%. He is beginning to cut into Obama's lead among independents, is now leading among blue collar voters, has strengthened his lead among investors and among men, and is walloping Obama among NASCAR voters. Joe the Plumber may get his license after all. "Obama's lead among women declined, and it looks like it is occurring because McCain is solidifying the support of conservative women, which is something we saw last time McCain picked up in the polls. If McCain has a good day tomorrow, we will eliminate Obama's good day three days ago, and we could really see some tightening in this rolling average. But for now, hold on."

Now, more than ever, we must commit to get to the polls on Tuesday, and bring at least one friend.

Friday, October 31, 2008

4 Days to Go - Take it to the Wire


Gut check time.

We can debate all night as to whether the poll results are predictive. Certainly, history abounds with anecdotal evidence that they are anything but infallible. At the same time, reviewing the current state by state status on REAL CLEAR POLITICSis a sobering exercise. It has long been predicted that this election will be decided by the Electoral College. The focus has been on "toss up" states such as Florida, North Carolina, Missouri, Indiana, Montana and Georgia. In blue New England, it was thought for a time that the Republicans might capture New Hampshire's four electoral votes, but the tea leaves and the polls are raining on that parade as well. Even if all the toss ups states go red, McCain will need a number of major upsets to win the day.

At the same time, this is no time to throw in the towel. The difference between the two candidates could not be drawn more sharply. John McCain may not be a great orator, but a MCCain presidency would be a reaffirmation of the principle of limited government and personal liberty, the encouragement of personal achievement that has been the prime mover in America's greatness. Obama is promising to take the left path to a society controlled by a socialistic paternal government that promises the solution to all our ills but will provide, instead, sluggish mediocrity, at best. Obama's redistribution of wealth will draw the fruits of labor from those who excel and provide them, not just to those in true need, but also to those seeking a free ride.

This is not the time to give up the fight and sit out the next four days. The polls have been wrong before. The popular media, in many cases promoting its own agenda, is providing their own slanted version of reality. This is the time to rally like-minded voters and encourage them to join us at the polls, even, and especially, in those "solid" blue states. If this election turns out, as many think it will, to be much closer than advertised, then, like no time before, every vote will count. Make sure that your vote is included.

Tuesday, October 28, 2008

7 Days to go - Judgement Day


Beneath the mystic umbrella of "Change", among the scatterings that provide, as do the entrails of sacrificed animals, the true meaning of Obama's campaign platitudes, lies a nugget of clarity with respect to his intentions for appointments to the federal judiciary. Speaking to a Planned Parenthood meeting in July, 2007, Obama SAID:

"And we need somebody who’s got the heart—the empathy—to recognize what it’s like to be a young teenage mom. The empathy to understand what it’s like to be poor or African-American or gay or disabled or old—and that’s the criteria by which I’ll be selecting my judges. Alright?"

This attitude constitutes a very significant "change" away from the legal principle that has guided the American judiciary for over two centuries, a principle that calls for a government of laws, not of men, a system of justice symbolized by the blindfold on Lady Justice that ensures equal treatment of all who come before the courts without regard to their social status. The touchstone here is the United States Constitution, upon which is built the vast accumulation of case law and the guidance provided by the accumulated precedents as courts over the years have continually striven to interpret the constitution so as to apply it to modern concerns and circumstances.

What Obama would have us do, as a nation, is throw away this procedural bedrock and rely, instead, on the empathy and feelings that a particular jurist might have for the parties in a particular case. Thus, Lady justice would remove her blindfold and have the courts consider the circumstances of those appearing before them. Thus, for example, criminals would receive punishment for their crimes, not in terms of the laws that they have broken, but rather based upon the empathy that a particular judge might have. In addition, the decisions of a jurist with an interest in Obama's desire to redistribute the wealth, could badly damage the country's economic underpinnings. Does anyone, other than Obama die-hards, really think that this is desirable change?

When the next president is inaugurated, six of the nine sitting Supreme Court Justices will be at least seventy years old, which leads to the prospect that the new president will appoint a number of new Justices. In addition, there are certain to be ample opportunities for appointments to also be made to the United States Court of Appeals, which acts a feeder system for the Supreme Court, not only in terms of legal decisions, but also for prospective Supreme Court Justices. And while a president may only serve a term or two, federal judges, once appointed, enjoy lifetime tenure. The effects of an Obama presidency, even if it lasts only one term, will truly be "a gift that keeps on giving", long after he leaves office.

Voters, especially independents, and those conservatives, miffed at the Republican Party's failings in following a strict conservative agenda, must think long and hard before pulling the lever for Obama. The disastrous effects of an Obama presidency would last long after he leaves office. This damage to the legal system is too high a price to pay for "teaching the Republican Party a lesson."

As president, John McCain has promised to appoint strict constructionist judges who value the law over personal attitudes and would not bring personal legislative agendas to the bench. In many ways, this issue is important enough to decide the election on its own. Don't be fooled.

Friday, October 24, 2008

11 Days to Go - Dueling Fiscal Policies


While it is tempting to join the finger-pointing Olympics, let's just agree for a moment that there is enough blame to go around for the financial crisis which continues to wreak havoc throughout the world economy. In the context of the fast-approaching presidential election, what fiscal policies can we expect from the new president?

John McCain represents the voice of sanity with a fiscally conservative approach that would attempt to rein in government spending for earmarks as well as ineffective programs, including marginal defense spending. proponents of fiscal stimulation might bear in mind that $700 billion in government funds slated to bail out the financial markets, is going to soak up a lot of spending capacity. Moreover, holding the line on tax increases provides fiscal stimulus. If anything has been learned over the past thirty years it has been the capacity for lower taxes to spur economic growth; or, as some would say, to grow the pie.

McCain's opponent advocates a much different approach. It is difficult, if not impossible, to discern within his rhetorical flourishes, just what he proposes for the fiscal policy. Fortunately, there are analysts skilled in cutting through the smoke screens. The National Taxpayers Union Foundation estimates that Obama would raise spending by $611.5 billion over the next five years, and $1.4 trillion over ten. And these exclude cost estimates for his health care proposals! Read more HERE in an article by Alan Reynolds in this morning's WSJ. And listen very carefully when you hear Obama speak of tax cuts. In his parallel universe, a refundable tax credit, which basically involves the government sending a check TO people, many of whom don't pay taxes in the first place, is called a tax cut.

Stealing a page from Hillary's book, Obama claims he has laid out how he will "pay" for every dime of his proposals. The usual suspects are closing corporate loopholes and tax havens. The fact is, it can't be done. Moreover it can't be done even if they stick it to the top income folks. You can grab each of the top 5% of taxpayers and hold them upside down by the ankles and shake all of the money out of their pockets, and there will still not be enough tax revenue to fund his Utopian proposals. The tax bite will extend significantly lower on the income scale as many successful middle class tax payers begin to learn just what he means when he talks about re-distributing the wealth. Maybe if the economy were booming, we would have some breathing room to take a flyer on some of these ideas. But the stock market, and other economic indicators are projecting very difficult economic times for the next several years. With the government committed to funding the financial bailout, this is no time, if there ever is one, to elect a president committed to full scale socialistic makeover of the American economy.

Wednesday, October 22, 2008

12 days to Go - Local/County/State Politics

A few days ago, the Massachusetts G.O.P. launched an initiative aimed at providing financial support to state legislative candidates. With the the state legislature 88%Democratic, the need to support Republican candidates speaks for itself. The View supports this effort. For more information click HERE for Rob Willington's letter as posted on Red Mass Group.

At the same time, there are several local races where Republican candidates can use your support and your vote.

Vinny deMacedo is running for re-election as Mass. State representative in the First Plymouth District. As one of only 18 republican House members, and as one of the most effective members of the Legislature, Vinny has earned our support. For more on this, Click HERE to read The View/s recent endorsement.




Jeff Beatty is running a very tough uphill race to unseat Senator John Kerry. While an impressive candidate in his own right, Beatty has been severely handicapped by Kerry's deep pockets and high visibility. Getting out the vote for Jeff Beatty will send a message regarding Kerry's thin record of accomplishment. Learn more about Jeff by clicking BEATTY.



Marshfield's Ed O'Connell is running a strong campaign for Plymouth County Treasurer. Visit his WEBSITE to review Ed's plans for improving county government and to see why Ed deserves your support at the polls.






Ron Davy, long active in Plymouth County as well as in his home town of Hull is running for Plymouth County Commissioner. He brings impeccable credentials and a strong Republican ethic to the task. Click DAVY to learn more about Ron Davy and why he deserves your vote.



Given the low number of Republicans holding, or running for, office in Massachusetts makes it clear that these are not the best of times for the GOP. At the same time, The coming Tsunami of cutbacks in State government will highlight the abject failure of one-party Democratic rule that lacks the checks and balances needed for effective government. Support of these candidates and contributions to the GOP Farm Team are important first steps, but the need to do more is obvious.

As we move beyond the election, the Republican Party must reach out beyond its immediate constituency to conservatives and moderates with concerns about the dangers of a one-party system. It must convince purists, and others, that while not perfect, the GOP is the only party with the organization and resources to lead the fight to regaining the balance in government that strives to treat all citizens fairly.

13 Days to Go - Electing a Commander-in-Chief


In less than a fortnight, American voters will determine who will lead the country for at least the next four years. While many of us are well into campaign fatigue, there are many voters who are just waking up to the fact that, in a few weeks, they will be facing an important decision. Given the stakes in this election, it is hard to credit such widespread ennui. But hey, the World Series starts tonight and should be over in time for at least one long week end of soul searching. The polls would have us believe that the race is virtually over, but while this election has been ongoing since at least 2004, it is only now getting down to business. I'm sure many voters have long made up their minds, but here are a few points for the famously undecideds to ponder:

The world can be a nasty place with more than a few fanatic regimes that would love to bring the United States to its knees. If you think that the world could evolve into one big happy family if we could all just play nice, I recommend some intense reality therapy. Who should we chose to serve as our Commander-in-Chief? John McCain brings a wealth of experience both as a Naval officer and governmental oversight to the table and espouses policies that recognize the dangers in stark realities of the modern world. He would strive to achieve world peace and strong mutually-beneficial international relationships, but also sees the importance of working towards these goals from a position of strength. His opponent, whose experience lies mostly in the vagaries of community organization and Chicago politics is as much a cipher in this regard as any other facet of his proposed presidency. Moreover, what insights we are able to glean from his speeches, which are high on oratory but lacking in specifics, also indicate a preference for pandering and appeasement. Moreover, his conflicting statements on the Iraq war and wavering support of the U.S. forces reflect not only his inexperience in military matters, but his ambivalence, if not outright disdain for the U.S. Military.

When it comes to choosing the next Commander-in-Chief of the U.S. Armed Forces, the choice is clear. John McCain is the man for the job. His opponent would constitute a reckless gamble on an inexperienced senator who seems to be emotionally and philosophically unsuited for the job.

Of course there are a number of other major points that should be considered before one goes to the polls on November 4th. The View will be dealing with these over the next several days.

Thursday, October 16, 2008

Message From a Democratic Friend


The View is posting the message below because it raises an issue that has been bothering us for some time. There is so much that is not known about Barack Obama, who has emerged on the national political stage, seemingly from nowhere. Where did this guy come from? As a first term senator (and he has been running for president for most of that term), he lacks a record that would help voters discern just what it is he might do as president. I have listened to his speeches, watched the debates and read countless articles, all of which shows me a glib orator who provides little beyond broad generalities and platitudes, all designed to portray him as a moderate. Barack Obama is no moderate. He is one of the most liberal members of the senate.

The Obama campaign is bristling with indignation over what it terms "personal attacks." This is merely an attempt to deflect investigation into Obama's association with people like Bill Ayers, Jeremiah Wright and Tony Rezko. Then there's the Acorn connection that links him with this radical left-wing organization with no reluctance to break the law in order to advance their socialist agenda. The message below also looks at Obama's shady Mid-Eastern connections. Given the dearth of information about his background, it is essential to examine these associations to determine just what ideas he would bring to the presidency.

During the final debate last evening, there was one small glimmer of insight when Obama was quoted as he talked about the re-distribution of wealth, a classic socialistic concept. I think that anyone who takes the time to learn the truth about Obama will realize that his history of left-wing activism makes it extremely unlikely that he would govern as a moderate, but would become the most liberal president in modern times. And while this may actually appeal to our liberal friends, they might think again about the meaning of his links to Islamic extremism.


Email message From a Democratic friend ...


This election has me very worried. So many things to consider. About a year ago I would have voted for Obama. I have changed my mind three times since than. I watch all the news channels, jumping from one to another. I must say this drives my husband crazy.
But, I feel if you view MSNBC, CNN, and Fox News, you might get some middle ground to work with. About six months ago, I started thinking" where did the money come from for Obama". I have four daughters who went to College, and we were middle class, and money was tight. We(including my girls) worked hard and there were lots of student loans.

I started looking into Obama's life.

Around 1979 Obama started college at Occidental in California. He is very open about his two years at Occidental, he tried all kinds of drugs and was wasting his time but, even though he had a brilliant mind, did not apply himself to his studies. "Barry" (that was the name he used all his life) during this time had two roommates, Muhammad Hasan Chandoo and Wahid Hamid, both from Pakistan. During the summer of 1981, after his second year in college, he made a "round the world" trip. Stopping to see his mother
in Indonesia, next Hyderabad in India, three weeks in Karachi, Pakistan where he stayed with his roommate's family, then off to Africa to visit his father's family. My question -Where did he get the money for thistrip?

Neither I, nor any one of my children would have had money for a trip like this when they where in college. When he came back he started school at Columbia University in New York. It is at this time he wants everyone
to call him Barack - not Barry. Do you know what the tuition is at Columbia? It is not cheap! Where did the money come from for tuition? Student Loans? Maybe.

After Columbia, he went to Chicago to work as a Community Organizer for
$12,000. a year. Why Chicago? Why not New York? He was already living in New York.

By "chance" he met Antoin "Tony" Rezko, born in Aleppo Syria, and a real estate developer in Chic ago. Rezko has been convicted of fraud and bribery this year. Rezko, was named "Entrepreneur of the Decade" by the Arab-American Business and Professional Association". About two years later, Obama entered Harvard Law
School. Do you have any idea what tuition is for Harvard Law School? Where did he get the money for Law School? More student loans?

After Law school, he went back to Chicago. Rezko offered him a job, which he turned down. But, he did take a job with Davis, Miner, Barnhill & Galland. Guess what? They represented "Rezar" which is Rezko's firm. Rezko was one of Obama's first
Major financial contributors when he ran for office in Chicago. In 2003, Rezko threw an early fundraiser for Obama which Chicago Tribune Reporter David Mendelland claims was instrumental in providing Obama with"seed money" for his U.S. Senate race. In 2005, Obama purchased a new home in Kenwoood District of Chicago for $1.65 million (less than asking price). With ALL those Student Loans - Where did he get the money for the property? On the same day Rezko's wife, Rita, purchased the adjoining empty lot for full price. The London Times reported that Nadhmi Auchi, an Iraqi-born Billionaire
Loaned Rezko $3.5 million three weeks before Obama's new home was purchased. Obama met Nadhmi Auchi many times with Rezko.


Now, we have Obama running for President. Valerie Jarrett, was Michele Obama's boss. She is now Obama's chief advisor and he does not make any major decisions without talking to her first. Where was Jarrett born? Ready for this? Shiraz, Iran! Do we see a pattern here? Or am I going crazy?

On May 10, 2008 The Times reported, Robert Malley advisor to Obama was "sacked" after the press found out he was having regular contacts with "Hamas", which controls Gaza and is connected with Iran. This past week, buried in the back part of the papers, Iraqi newspapers reported that during Obama's visit to Iraq, he asked their leaders to do nothing about the war until after he is elected, and he will "Take care
of things".

Oh, and by the way, remember the college roommates that where Born in Pakistan? They are in charge of all those "small" Internet campaign contributions for Obama. Where is that money coming from? The poor and middle class in this country? Or could it be from the Middle East?

And the final bit of news. On September 7, 2008, The Washington Times posted a verbal slip that was made on "This Week" with George Stephanapoulos. Obama on talking about his religion said, "My Muslim faith". When questioned, "he make a mistake". Some mistake!

All of the above information I got on line. If you would like to check it - Wikipedia, encyclopedia, Barack Obama; Tony Rezko; Valerie Jarrett: Daily Times - Obama visited Pakistan in 1981; The Washington Times - September 7, 2008; The Times May 10, 2008.Now the BIG question - If I found out all this information on my own, Why haven't all of our "intelligent" members of the press been reporting this?

A phrase that keeps ringing in my ear - "Beware of the enemy from within"!!!

Monday, October 13, 2008

Re-Elect Vinny deMacedo


For ten years, Vinny deMacedo has represented the First Plymouth District in the Massachusetts House of Representatives. At present, he is the ranking Republican on the powerful Ways and Means Committee. The View wholeheartedly endorses deMacedo for re-election.

First and foremost, Vinny deMacedo is a family man with deep roots in the local Plymouth community. As a small business owner, he experiences firsthand the impact of the laws passed by his colleagues on Beacon Hill. He knows the demands of providing for a family and meeting a payroll. Vinny also understands the workings of state government. He was voted Legislator of the Year by the Massachusetts Town Clerk's Association at its annual meeting in June, 2008.

As one of only nineteen Republicans, out of a total of 160 House members, Vinny provides the crucial leadership for the continuation of a two-party system in Massachusetts. Dominated by the other party, state spending has grown disproportionately as more and more expensive tax-payer supported programs are created, without adequate, or possibly any, concern for the cost side of the ledger, pushing the state budget to unsustainable levels. This extremism is also carried over to non-financial issues where government-initiated social changes have been pushed through without regard for the traditional values being trampled. While lacking the power to act unilaterally, Republicans like Vinny deMacedo are the sole voice of reason. As William F. Buckley, Jr. might have said, they are standing athwart history yelling "stop".

On October 30th, a birthday celebration for Vinny deMacedo will be held at the John Alden Club in Plymouth from 6:00 to 8:00 p.m.. Click HERE for more details. All are invited to come down to show support for Vinny deMacedo. If you are unable to attend, but would like to make a donation, please send a personal check to The deMacedo Committee P.O. Box 882, Plymouth, MA 02362

Friday, October 10, 2008

An American Carol


With the financial markets giving us fits, what better way to forget about one's troubles for a few hours than to head over to the cinema and buy pricey popcorn. This trip is now especially worth while and, for some of us, timely, as the movie, AN AMERICAN CAROL is now playing at a theatre near you. What sets this film apart from the usual Hollywood-produced drivel is that it champions a politically conservative point of view. No, this is not a typo. Have no fear, however, the mindless story line and slapstick antics are clearly aimed at the low end of the dumbed-down movie-going public. All the same, it's great fun, especially for conservatives.

Directed by David Zucker, of Airplane and Naked Gun fame, stars Chris Farley as movie producer (albeit documentaries) Michael Malone who undergoes a Dickensian experience that attempts, and to some extent succeeds, in convincing him to change his ways from left wing wacko. The cast also includes, among many others, Leslie Nielsen, playing himself, Kelsey Grammer as a fairly convincing General George Patton and a poignant moment where Jon Voight, as George Washington, delivers a sobering lesson to the clueless Malone, a very thinly-veiled stand-in for lefty, Michael Moore. There are also a bunch of cute kids who get all the best lines, even if they are curses.

So pry yourself away from watching CNBC's endless scrolling of those numbers preceded by an upside down red triangle and go see An American Carol.

Monday, October 6, 2008

The Debate Revisited


We turned in to the great debate to see the sage old Senator take on the young, relatively-inexperienced governor. As it turns out, however, Old Joe was the one who had the most problem with the facts. The lead editorial in today's WALL STREET JOURNAL, looks at Joe's statements and points out all that posturing and smarmy smiling didn't help his veracity. Not only did Joe have his facts wrong about who, if anyone, actually kicked Hezbollah out of Lebanon, or just what General McKiernan said about appropriate tactics for Afghanistan, he was also off base when he invited people to meet him at Katie's Restaurant, which closed sometime in the 1980's. Forget about foul balls and home runs, we need instant replay for the debates.

Who won the debate? I guess the tip-off came when the MSM rushed to belittle Palin's folksy expressions. But as the WSJ concluded:

"Mrs. Palin may not know as much about the world as Mr. Biden does, but at least most of what she knows is true."


Joe Biden plays the role of the sage statesman very well. I don't know about you, but my appreciation for the stereotypical legislator is not selling at a high multiple right now. Always carefully-coiffed and well-tailored, and with the requisite long-faced-furrowed brow, they make proclamations in a stentorian, self-important voice crafted to make the most mundane statement sound like wisdom handed down from on high. After watching the legislature, over the past week, struggle ineffectively to deal with what may yet be the financial crisis of our time, I begin to question how our form of government can survive with these clowns in charge. After days of blaming everyone but themselves for the financial meltdown of the mortgage market, they pass a massive "rescue" package which seems to contain almost as much pork as it does financial aid. Who elects these people?

Sunday, October 5, 2008

Blunt Ax Economics


Many observers would like to dismiss the referendum to appear as Question 1 on the November Massachusetts ballot, as crazy talk. Among the choices facing the voters Question 1 will be an up or down vote on eliminating the state income tax. In round numbers, income tax revenues for fiscal 2009 are expected to provide $12.5 billion against total budgeted expenditures of $28 billion. It doesn't take a fiscal analyst to envision the disruption that such a change would cause. Out-of-state readers must be scratching their heads to learn that Question No.1 is garnering increasing support. Writing in today's GLOBE, house conservative, Jeff Jacoby does an excellent job of tracing the ongoing frustration endured by Massachusetts voters seeking lower taxes. Not only has the state government ignored previous voter initiatives to lower taxes, but the rate of growth in the state budget continues unabated:

"Just last week, Governor Deval Patrick's office promised "hundreds of millions of dollars" in reduced outlays this fiscal year. And yet, somehow, the state budget continues to bloat: It was $22 billion in 2005, $23 billion in 2006, $25 billion in 2007, and $26 billion in 2008. The fiscal 2009 budget adopted in July - the one Patrick now claims he will cut unilaterally - totaled $28.2 billion. But if anything in Massachusetts is certain, it is that when the books close on the current fiscal year, state spending will have gone up by hundreds of millions of dollars, not down."


The Greek chorus of Politicians, public employees and others with a stake in the continued flow of income tax dollars have been sounding the alarm, citing the litany of crucial services that would fall victim to the passage of Question 1. Rather than reflecting taxpayer ignorance, however, the growing support for Question 1 may show the limits of taxpayer patience.

The Rock Unveiled


Just in time for the busy winter tourist season, the Massachusetts Department of Conservation and Recreation announced the completion of the renovations to the portico covering one of America's most enduring landmarks, Plymouth Rock. All summer, glimpses of the Rock have been available only through a cloudy Plexiglas window as the almost ninety-year-old portico has been shrouded with scaffolding. The project missed its July 4th completion date apparently due to the lack of availability of authentic ceiling tiles. To everyone's relief, the tiles have been acquired and installed and the $500 thousand project is now completed.

As many as a million tourists a year visit Pilgrim Memorial State Park to see the historic piece of stone commemorating the point at which the first settlers of the New World, aka, the Pilgrims, in 1620 stepped on what would become American soil. To gaze upon the Rock as the simple beginnings of our great country is clearly a thought-provoking and inspiring experience. Now, thanks to the re-hab, the experience won't be interrupted by falling ceiling tiles.

In honor of the event, the View is adding a new photo to its masthead showing, what else, the view from Plymouth Rock.

Thursday, October 2, 2008

The Massachusetts Bailout

While our attention has been riveted on the Congress and its struggles with the enormous proposed bailout for the nation's financial markets, the federal Department of Health and Human Services has quietly approved a three-year renewal of a Medicaid waiver for the Massachusetts health care program. Remarkably, amid intense concern for the impact that massive amount of bailout funds would have on the federal government's budget, the three-year renewal also included a $4.3 billion increase over the next three years!

The Massachusetts program essentially follows a dual track to achieve the goal of universal coverage: Most employers are mandated to provide health insurance for their employees or face stiff penalties; while, individuals must buy health insurance on the market, unless they qualify for subsidized coverage from the state. To date, roughly two-thirds of the 650,000 formerly uninsured have secured coverage. While the View is not a big proponent of this program, we will acknowledge that the coverage is provided primarily by private insurance companies, which, at least, prevents the birth of a whole new bureaucracy. Unfortunately, that is about the limit of the good news.

Governor Patrick speaks of "our commitment to affordable, accessible, high-quality health care for every man, woman and child in the commonwealth." A very noble pronouncement, but what is missing is any reference to the growing costs of the program. If any of you have had to purchase individual health insurance, you are well aware of the cost of these programs, driven by the high cost of our health care system.

The state's way of dealing with this expense is to provide free, or subsidized coverage through its Commonwealth Care program. One of the issues during the renewal negotiations was the fact that Commonwealth care provides subsidized coverage for people making up to three times the poverty level, while the federal limit is two times. This means for example, that a family of four making less than $63,500 per year qualify for subsidized coverage. No wonder people are rushing to enroll. Well over half of the new enrollees have signed up for free or subsidized coverage.

It's not clear at this point how the federal government justifies this this renewal, especially without getting a reduction to the income eligibility threshold. Maybe the folks at Health and Human Services have been too busy to tune into C-Span and its coverage of all the dire predictions for financial ruin. Oh and by the way, many commentators have pointed out that provisions of the Massachusetts health plan bears a strong resemblance to that being proposed by Barack Obama for the whole country.

Sunday, September 28, 2008

The Bailout and ACORN

There is at least one fact that all the various warring parties of the current financial crisis can agree upon. We have big problems and we haven't got a lot of time to fix them. Watching the legislators parading in front of the TV cameras the last few days makes it seem as though we have all the time in the world to play the blame game and point fingers.

The easy answer, and the one that the Democrats want us to believe is that it's those out-of-control (read non-regulated) Wall Street cowboys who have caused all the problems. But while Wall Street may well have more than its share of greed and excess, it is generally pretty good at assessing risk and making risk/reward decisions. It's hard to get rich lending money to borrowers who aren't going to pay it back.

Writing in this morning's Globe, JEFF JACOBY does an excellent job of succinctly connecting the dots of the mortgage crisis. He describes how the roots of the problem go back to the bleak days of the Carter administration when concerns over the practice of "red-lining" lead to the passage of The Community Reinvestment Act that forced lenders to loosen their standards which started the long slide into the sub-prime mess. This was encouraged by Fannie Mae and Freddie Mac who purchased much of this low quality paper. One of the biggest cheerleaders for these two government-chartered institutions was Massachusetts' own (by way of Bayonne) Congressman Barney Frank, who badly wants to place the blame elsewhere. As Jacoby sums it up:

Now that the bubble has burst and the "systemic risk" is apparent to all, Frank blithely declares: "The private sector got us into this mess." Well, give the congressman points for gall. Wall Street and private lenders have plenty to answer for, but it was Washington and the political class that derailed this train. If Frank is looking for a culprit to blame, he'll find one suspect in the nearest mirror.


The juxtaposition of the ongoing Bailout negotiations and the first presidential debate on Friday night overlapped in a number of different ways besides the fact that John McCain had almost been a no-show due to his involvement in the negotiations. One of the main stumbling blocks in hammering out a bill has been the inclusion in both the House and Senate Democratic drafts, of a provision to funnel significant funds from the bailout plan to a pair of government slush funds used to transfer government money to advocacy groups such as ACORN. These provisions may or may not survive into the final version of the bill, but their inclusion, as explained in a WSJ EDITORIAL provides a look at the Democratic stealth efforts at funding this controversial organization with a radical left-wing agenda.

ACORN, The Association of Community Organizations for reform Now, uses community organizations to pursue its agenda for social change. Its tactics and strategies however often border, and sometimes cross the line, on the illegal, especially with respect to their efforts at registering Democratic voters as well as their partisan participation in election activities. Adding another link to this daisy chain of intrigue is the fact that Barack Obama has been actively involved with ACORN as well as a similar organization, the Chicago-based Gamaliel Foundation. While this aspect of Obama's background is generally known in conjunction with his experience as a "community organizer", which is generally seen as a marginal activity. But there are at least two aspects of this that need to be examined.

Writing in the September 1st issue of National Review, Stanley Kurtz looks closely at the goals of ACORN and Gamaliel to highlight their radical left objectives. These consist primarily of schemes for economic redistribution through the government rather than programs to better prepare low income people to better themselves. But the interesting point uncovered by Kurtz is the lengths to which these organizations go to disguise their intentions behind a facade of down-to-earth pragmatism. Kurtz concludes:

"Obama needs to detail the nature of his ties to both Gamaliel and ACORN, and should discuss the extent of his knowledge of Gamaliel's guiding ideology. Ultimately, we need to know if Obama is the post-ideological pragmatist he sometimes claims to be, or in fact, a stealth radical."

Wednesday, September 24, 2008

Supreme Courtship


With the U.S. Congress delaying the financial bail-out program until the politicians have achieved maximum hand-wringing and finger-pointing, perhaps it's time for a reprieve in the form of a cleverly funny new book. Supreme Courtship, by Christopher Buckley was released earlier this month, which implies its text was finalized long before the presidential candidates selected their running mates. This is key as one of the main characters sure sounds like a certain V.P. candidate. This similarity, along with a number of pertinent themes, will have readers wondering about the reflecting link between art and real life.

President Donald P. Vanderdamp is portrayed as man so bland as to make Al Gore look like a rock star. His plain vanilla persona even extends to his favorite hobby, bowling. What does set the President apart from other politicos is a commitment to actually do something about mushrooming public spending. The something involves a presidential veto for every spending bill that gets to his desk. As you might expect, this has his personal stock selling at a very low multiple on Capitol Hill. Although he plans to serve only one term, a plan well-supported by his approval ratings, there are ways in which the legislators can pay him back for his swift veto pen; namely the savaging of his nominees to fill a vacancy on the Supreme Court, the enthusiastic point man on this effort being the Chairman of the Senate Judiciary Committee, one Dexter Mitchell.

After having two eminently qualified nominees destroyed by Mitchell's committee, Vanderdamp decides to take a different tack. He nominates Judge Pepper Cartwright to the Supreme Court. Among the problems with this nomination is the fact that Ms Cartwright's most recent judicial experience consists of six seasons as the star of TV's Courtroom Six. Moreover, the fact that Pepper is certifiably hot adds a lot of spice to the story. She is described, by her slimy husband, who is also the producer of Courtroom Six, as, "... woman in her mid-thirties, tall, lush brown hair,...high cheekbones, and deep dimples. She wore glasses, which she kept putting on and taking off." Except for the fact that she is as Texas as the Alamo, she could easily be confused with a certain Governor of Alaska.

The fun really starts after she is appointed to the Supreme Court. Like any new appointee, she must learn the ropes, including the eccentricities of her fellow justices, which Buckley describes in living color. You might also want to dig out your Latin Cliff Notes. Amid some upheavals between her and her producer husband, who can usually be found plumbing the depths of depravity for potential reality show subjects, the court attempts to deal with the issues of the day, with Pepper, as the new kid, frequently providing the swing vote.

The book ends amid a great brouhaha of constitutional law, in which the Supreme Court must decide the results of the next subsequent presidential election which has been complicated by a proposed constitutional amendment. The ending is all the merrier as the election involves two old antagonists. It's not quite as dramatic as the score-settling scene in The Godfather, interspersed with a baptism in Latin, but there is a certain satisfaction to the resolution of the saga, one which supports Vanderdamp's nickname, Don Veto.

The Supreme Court? Deciding a presidential election? Who would believe this stuff? The View recommends Supreme Courtship with two thumbs up in spite of this far fetched plot.

Sunday, September 21, 2008

Say it Ain't So, Joe


The jungle drums are alive, this week end, with speculation that the Democrats are about to pull a major switcheroo on their presidential ticket. Rumor has it that right after the VP debate, scheduled for October 2nd, Joe Biden is going to step down from the VP spot due to "health reasons" (his, not the tickets). And you will never guess who is poised to take his place. Give up? Hillary Clinton will rise once more from the political crypt.

This stuff of nightmares could easily be written off as the hallucinations of bored email junkies were it not for the fact that the sources on this are reasonably reliable and, within the context of the stumbling democratic ticket, it has a certain logic to it.

Obama clearly blew it when he named Joe Biden as his VP. For a candidate who is presenting himself as the agent of change, he trots out a tired old Capitol Hill re-tread who personifies business as usual. This gaff was made crystal clear when McCain picked Sarah Palin who has stolen the show for the Republicans. And while
we subscribe to the belief that the election is ultimately about the presidential candidates, adding Hillary to the Democratic ticket would give it a major infusion of excitement, at least among the fellow travellers on the left.

Ultimately, we would like to think that cooler heads will prevail and the issues (How 'bout Bill?) that kept Hillary off the ticket in the first place will arise once again. At the same time, if this whole thing gets sprung just a few weeks before the election, who knows?

Saturday, September 20, 2008

What A Week


The Dow Jones Industrial Average finished the week down 33 points, but unless you spent the week hibernating in a cave, it was anything but a yawner. If you had told me a week ago that within seven days, Merrill Lynch would be sold, Lehman Brothers would declare bankruptcy and AIG would teeter on the edge of oblivion, I would have suggested a stint in rehab. Shows what I know. And these firms were merely the tip of the ice burg that(excuse the twisted metaphor) emerged as a near meltdown of the entire financial system. Enter the Feds with syringes full of government funds and the patient has stabilized, at least for the moment.

Seems like there was a time when a lot of us could stand aloof during financial crises and marvel as the financial pundits would scramble to explain the unexplainable. But when it starts to impact on our 401(K) accounts and IRA's, it gets real up close and personal in a hurry. And you still might be able to act as a bystander, as long as you, or a loved one, don't have a house to sell, or buy, or any other transaction that requires a mortgage. Of course, if it was your newly-unemployed daughter pictured carrying her possessions out of the Lehman Brothers building, it will be that much harder to be philosophical.

The current financial crisis has just about pushed the presidential election off the front page and relegated the campaigns to touting their prescriptions on page seven. Just as well. If the U.S. Treasury, the Federal Reserve and the SEC are making it up as they go along, Barack Obama's main contribution is ironically his call for hope; as in, I sure hope these guys figure this out. In all fairness, John McCain isn't able to offer a whole lot more, but he is our candidate, so he gets a pass.

Those Wall Street observers with longevity are quick to point out that this is far from the first financial crisis we have been through. Free markets are powerful engines of wealth creation, but they can be wild beasts at times. Market Corrections work with a brutal efficiency that belies their innocuous name. As we hopefully get to the beginning of the recovery phase, the chorus of cries is already rising for increased Regulation to stave off future downturns.

And so, stay tuned for the hand wringing during the inevitable congressional hearings, when financial wizards like Barney Frank will call down curses on Wall Street Greed. "Regulate the Bastards" will be the hue and cry. Let's just hope that they are smart enough to avoid executing the Goose that lays the golden eggs. Everyone hates Wall Street, except when it creates capital to finance companies providing jobs and opportunities. Everyone hates the stock market, except when it provides the returns to allow a comfortable retirement. Everyone hates hedge funds, except when they are cranking off high returns and then the hate is directed at fund managers are slow to accept new money from investors. Everyone hates big corporations, especially when they show eye-popping profits, except they like the taxes that they pay and the jobs and products that they provide.

We have ambivalence about free markets and rightfully so. When they work, we wallow in our good fortune, convinced it stems from our own shrewd abilities. But when corrections occur, and they always occur, we feel victimized by what is suddenly seen as the embodiment of the world's evil greed. The truth, of course, lies somewhere in the middle and on balance, it beats whatever socially-engineered scheme is in second place, by a lot.