Friday, November 4, 2011

EnerDel: Another Failing "Green" Company that Received Stimulus Funding

Richard Mourdock (R-IN) for US Senate: Lugar Instrumental in Securing Stimulus Funds for Failing IN Battery Company Tied to Russian Millionaire
“First Solyndra, Evergreen Solar, and Beacon Power Corp., now we can add EnerDel to the growing list of DOE loan recipients who have filed for bankruptcy or [are] on life support. Washington bureaucrats have no business picking winners and losers in the business world and this is but the latest example of showing how inept they are as venture capitalist.” stated Treasurer Richard Mourdock, who will be opposing Lugar in the 2012 Republican Primary.
I continue to be amazed at how many losers are picked by the central planners in Washington, DC. Mourdock, who will face Dick Lugar (R-IN) in the GOP primary for US Senate in Indiana, notes the connection between EnerDel and Lugar:
In 2009, Senator Lugar was instrumental in securing $6.5 million in Congressional earmarks for EnerDel. He then urged DOE’s Energy Secretary Steven Chu to approve the company’s application for the $118.5 million grant that was part of Obama’s stimulus bill.  According to EnerDel’s website, the company has received multiple grants and contracts from the federal government.  Earlier this week, it has been reported that EnerDel currently has only 33 Indiana positions being supported by the DOE stimulus grant. This currently amounts to $3.5 million per Indiana job in total stimulus money awarded.

Thursday, November 3, 2011

NRSC: Do You Feel Claire McCaskill's Pain?


The National Republican Senatorial Committee asks: Do You Feel Claire McCaskill's Pain?

"Middle Class" Claire McCaskill had to sell her private jet for $1.9 million. She knows what it means to "take a loss." Do you feel Claire McCaskill's pain?

Monday, October 31, 2011

John Puzder on Job Creation

Tuesday, October 18, 2011, The Show-Me Institute partnered with the John Cook School of Business to present a lecture on the topic of job creation with featured speaker Andrew F Puzder, CEO of CKE Restaurants.
Puzder argued before an engaged crowd that the current regulatory burden and financial uncertainty brought about by recent federal healthcare legislation are precisely the things standing between entrepreneurs across the country and the creation of jobs. Puzder put it quite clearly: Reduce regulations, and watch unemployment fall.

Sunday, October 30, 2011

Understanding Europe's TARP: EFSF is an Empty Box

Zerohedge: An Empty Box Filled With Promises Of Money:

Some amusing weekend observations from TTMYGH's Grant Williams: "The EFSF is basically an empty box filled with promises of money - many of them from the very people who are most likely to need to borrow that same money. Should they need to borrow the money, they won’t be able to make good on their promises so there will be less money for them to borrow. Now the brain trust running Europe have decided, in their collectivewisdom, to applyleverageto thenon-existent money in the empty box that they have yet to actually borrow, so it can backstop even more of the hundreds of billions of Euros of sovereign debt issued by countries whose finances are in such dire straits that they either require the kind of robust growth that is hardly likely to materialize any time soon or the forgiveness by the holders of that debt of a large part of it....

Saturday, October 29, 2011

Interview with Star Parker


This past Tuesday I interviewed Star Parker. This telephone interview is in the two part YouTube playlist above.

In part 1 we discuss Martin Baker's candidacy for the U.S. House of Representatives and the politics of race. I asked Parker about the racial epithets thrown at Baker during a recent Tea Party rally in St. Louis. I also asked Parker what Baker needs to do to press on with his candidacy.

In part 2 we discuss the politics of race in America. I asked Parker what steps we can take to mitigate racial tensions and move us toward a more unified nation.

Wednesday, October 26, 2011

Richard Epstein Explains Why Income Inequality is Good


PBS NewsHour: Does U.S. Economic Inequality Have a Good Side?
A new Congressional Budget Office analysis supports the idea that income inequality has grown considerably over the past few decades. As part of his Making Sen$e series on economic inequality, Paul Solman talks to libertarian law professor Richard Epstein, who argues that wealth inequality acts as a driving force for innovation.
If you like this brief interview, I recommend Russ Roberts interviews with Richard Epstein on EconTalk. They're all very good.

Monday, October 24, 2011

Dave Spence for Missouri Governor?

David Catanese of the POLITICO reports on possible Missouri gubernatorial candidate Dave Spence: If Kinder's out, I'm in:
St. Louis packaging executive Dave Spence told POLITICO Monday he will run for Missouri governor in 2012 if Lt. Gov. Peter Kinder passes on a campaign. 
“I know Peter Kinder, I consider him to be a friend. But if there's an opportunity, I'd like to be part of the solution," he said in an interview. "If he decides not to run, I'd do it with two feet." 
Spence, a 53-year-old executive at Alpha Packaging, met with the Republican Governors Association last week after his name circulated in GOP circles as a possible replacement candidate.
It's interesting that Spence is priming his campaign with the old-guard GOP. It's also interesting that Spence gave $1000 to far-left NY Senator Chuck Schumer (D) in 2004.

This is not how you jump start a Republican campaign. Spence leaked his political ambitions not to a media outlet with a right tilt like National Review or the Wall Street Journal, but to the left-leaning Catanese at Politico. He's donated to notorious liberal Senator Chuck Schumer. And he's seeking the help of establishment Republicans.

Dave--Mr. Spence, if you prefer--you've obviously had some difficulty getting the helium into your trial balloon, so let me offer a suggestion. Elections are won and lost at the ballot box. That means that you have to appeal to the average, grassroots voter. There are basically two hordes of average, grassroots voters: Tea Partiers or Occupants (as in Occupy Wall Street). You need a strategy to reach out to one of those groups. I suspect that you're not in what the Occupants call the 99%, so you've got to target your message for Tea Partiers.

Now, I've noticed that you've got a nice home in a good neighborhood with great yard (h/t: MOScout). That 7,700 sq. ft. golf green is pretty sweet. You should have the St. Louis Tea Party over! You'd get to know the conservative grassroots, maybe recruit some campaign volunteers, and we'd learn more about your policy preferences. We could have a cookout. That sand trap is big enough... we could spit three or four pigs and bar-b-que them in that.

Dave Spence Mansion

Saturday, October 22, 2011

Ed Martin's Path to the Missouri Governor's Race

Ed Martin
Ed Martin
The Washington Post: GOP struggles to land top-tier talent in top-targeted Missouri:
Lt. Gov. Peter Kinder has been battered by a number of bad headlines, including for his past flirtations with a stripper whom he happened to be photographed with recently. (Ah, politics. 
Kinder has also seen his fundraising drop off significantly, from $1 million in the second quarter to $400,000 in the third, and Gov. Jay Nixon (D) is looking stronger every day.
Republicans familiar with the race note that Kinder hasn’t officially announced his bid — he’s getting some pressure not to run — and they expect an alternative candidate to emerge soon.
The question is just how good that candidate will be. Failed 2010 House candidate Ed Martin, who has been severely outraised by Wagner in the 2nd district race, is the subject of a draft effort by some conservatives.
Patrick Tuohey of the Missouri Record has gone so far as to write that Kinder Must Go. I will not go as far Tuohey. Lt. Gov. Peter Kinder has heard the conservative call of the Tea Party and, unlike so many establishment candidates, he has heeded that call.

However, things have changed for Kinder. He's taken a beating in the press as the Washington Post illustrates incompletely above. I've found myself unable to defend him the past few months while talking with friends. I find that I just don't jump to his defense as I did six months ago. I think that bodes ill for Kinder's gubernatorial aspirations because, if he's not getting positive press in the political banter between friends, then I think he's going to have a long hard slog ahead of him.

Those conversations between friends inevitably turn to alternative GOP candidates for governor. Ed Martin is frequently mentioned as he was in the Washington Post article above, but I don't see Martin jumping into the Governor's race unless he's pushed. If there's a cry from the masses that pushes Ed in, he will jump in with both feet and fists flying at Gov. Jay Nixon. That's just who Ed is.

But Ed Martin hasn't ever been elected to office which is almost a prerequisite for a state-wide run, especially for Governor. He does have experience working as former Governor Matt Blunt's Chief-of-Staff, but that experience will draw the obvious attacks from the left about the emails Blunt's administration was slow to release. The real question is whether Martin or Kinder has a better temperament for leading the conservative fight at the top of the ticket. That's for others--like the masses crying for Ed Martin--to decided.

Let's be clear about who those masses are. Yes, Ed Martin has grassroots support, but it's his ties to the Republican Party that must provide momentum for the push. The grassroots are not going to raise the million plus dollars required to put force behind that push. Furthermore, Martin will not elbow Peter Kinder out of the way even if the grassroots want him to. In short, the only realistic path I see for Ed Martin to enter the Governor's race is for the heir apparent, Peter Kinder, to pass the baton to Martin. That would involve stepping aside and endorsing Martin as well as providing an infusion of cash to a Martin for Governor campaign committee.

Peter Kinder has been waiting his entire life for a shot at the Governor's mansion. You don't often get a second shot, so the decision before him is a difficult and very personal one.

I will agree with Patrick Tuohey of the Missouri Record on one point: that stepping aside from his run for Governor allows Kinder to write his own epilogue. It's rare for an executive like Kinder to step aside from the enticing thrall of political power, but not unheard of. In fact, George Washington did so twice. The first time was when he resigned as commander-in-chief of the armies at the close of the American Revolution. The second was when he retired after his second term as president setting a two-term precedent for presidential service.

Thursday, October 20, 2011

Gov. Jay Nixon Changes His Tune on Trade with China

Midwest Democracy Project: Nixon not so bullish on China trade when running for governor:

In his 2008 campaign for governor against Republican Kenny Hulshof, Nixon said Hulshof’s support for improved trade relations resulted in thousands of Missourians losing their jobs when companies shifted production to Asia.

Nixon said that was the result of unfair trade deals.

“When Missouri jobs get shipped overseas, it hurts Missouri families. It hurts Missouri’s small businesses. It hurts Missouri’s communities,” Nixon said in a speech in Springfield that year.

Of course, Gov. Nixon called a special session to implement his central plans for an air cargo hub at Lambert-St. Louis Airport. The goal of the China Hub or "Aerotropolis" legislation is to facilitate trade with China. So in 2008 Nixon's view was that trade with China hurt Missouri families, small businesses, and communities. Today, he advocates for the China Hub legislation claiming that it will create jobs.

What will his position be tomorrow?

Wednesday, October 19, 2011

Richard Mourdock Endorsed by Eagle Forum



There's a simple question Indiana's GOP primary voters need to contemplate: Will Dick Lugar (R-IN) accomplish in the next six years what he's failed to accomplish in the past 36? Obama's favorite Republican Senator, Dick Lugar (R-IN), is serving his sixth term in DC and is being challenged by a Tea Party favorite: Indiana State Treasurer Richard Mourdock (R-IN).

Schlafly expressed Eagle Forum’s reasoning for endorsing Richard Mourdock by stating, “Now more than ever, we must take back our country by electing a veto-proof Congress full of rock solid conservatives, not politicians who will ‘go along to get along’ at Washington, D.C. dinner parties. We need candidates like Richard Mourdock. I urge all conservatives to vote for Mourdock in the Republican Primary.”
Those Indiana primary voters have a clear choice between Tea Party candidate Richard Mourdock or Obama's favorite Republican Senator, Dick Lugar.