In a long article, the New York Times implies that President-elect Barack Obama's good government motives are what inspired him to push for an Illinois ethics bill that indirectly led to Gov. Rod Blagojevich's downfall.
Bunk.
The truth is that Obama had to be pushed to do it, as explained in my Chicago Tribune column at the time.
Pressure had been growing in the good government community for Obama to live up to his image as a reformer by picking up the phone to call Sen. President Emil Jones, a Blagojevich ally who had blocked a vote on the ethics legislation. Obama acted only after his stubborn refusal to involve himself threatened to seriously tarnish his good guy image during the campaign.
None of this was made clear in the New York Times article, but what do you expect?
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Wednesday, December 10, 2008
Illinois Has Long Been For Sale
By Dennis Byrne
RealClearPolitics
So, do the rest of you now have some idea of the depth of corruption in Chicago and Illinois, and why some of us were so concerned about electing a president who emerges from this cesspool?"
Read it in RealClearPolitics
RealClearPolitics
So, do the rest of you now have some idea of the depth of corruption in Chicago and Illinois, and why some of us were so concerned about electing a president who emerges from this cesspool?"
Read it in RealClearPolitics
Tuesday, December 09, 2008
Axelrod says Obama and Blagojevich had spoken about the open Senate seat.
Illinois voters: Can you top this?
By Dennis Byrne
Chicago Daily Observer
The question on everyone’s lips isn’t so much whether the arrested and disgraced Gov. Rod Blagojevich is guilty as it is: Is the man nuts? Instead of going to prison, shouldn’t he be tossed into the loony bin?
Read more in The Chicago Daily Observer
Chicago Daily Observer
The question on everyone’s lips isn’t so much whether the arrested and disgraced Gov. Rod Blagojevich is guilty as it is: Is the man nuts? Instead of going to prison, shouldn’t he be tossed into the loony bin?
The feds have been sniffing around his office since 2002, and as recently as last week he allegedly was actively trying to ring as much as $300,000 from a politician who’s interested in getting appointed by Blagojevich to President-elect Barack Obama’s vacant senate seat.
Only a fool, knowing that U.S. Attorney Patrick Fitzgerald and the FBI are breathing down his neck, would simultaneously try to enrich himself by selling a senate seat, extort money for his signature on legislation, hold up legitimate state business to silence editorial criticism, and this, most incredibly, squeeze a $50,000 campaign contribution for an executive of a children’s hospital at the expense of sick kids.
You gotta wonder when he had time to be governor.
The man-is-crazy theory receives suppor...Read more in The Chicago Daily Observer
Just dump Holder now
By Dennis Byrne
Chicago Tribune
Bill Ayers is right; he's not a terrorist. He's a joke.
It's not Bill Ayers that soils President-elect Barack Obama's terrorist-fighting credentials; it's Obama's attorney general nominee, Eric Holder. And if Obama truly wants to unite us, he should dump Holder now.
Or at least make Holder fully explain his role in President Bill Clinton's grant of clemency to 16 terrorists from the Armed Forces of National Liberation, known by its Spanish acronym FALN. It's a question Holder has been dodging for more than a decade, and the one he will have to answer if he expects to be confirmed by the Senate.
For Chicagoans, terrorism carried out by the FALN, a radical and violent Puerto Rican independence group, is no mere political matter. It set off 120 bombs in the 1970s and 1980s, many of them in Chicago and a few in Schaumburg—at Marshall Field's, Sears, J.C. Penney, the federal and county buildings, Great Lakes Naval Training Center, several banks and Cook County Republican headquarters. It was in Evanston that the law finally caught up with them. U.S. attorneys from here and the New York area opposed the clemency, as well as the Justice Department, the FBI and the Bureau of Prisons. Former Atty. Gen. Janet Reno called them an "ongoing threat" in 1999, before Clinton sprung them. The FALN terrorists were not convicted of killing anyone, but Congress, which overwhelmingly condemned the clemency, concluded the FALN terrorists were responsible for five deaths. By standard practice, the clemency petition should never have reached Clinton's desk because none of the terrorists had applied for it. So, who did? How did Clinton get it into his head (or did he originate the thought) that the terrorists should walk?
The conventional wisdom points a finger at Holder, then deputy attorney general, and Holder has provided little evidence (other than his denials) that the process was on the up and up. Documents have revealed that Holder met with Rep. Luis Gutierrez of Illinois and other Democratic congressmen with Puerto Rican constituents to discuss the case beforehand. Holder suggested that congressmen get the prisoners to issue an expression of remorse to speed their release. Why? In congressional hearings, Sen. Orrin Hatch (R-Utah) tried to find out, but in Holder's clumsy evasiveness just about all that Hatch could get out of him was an admission that no one bothered to question the bombing victims. Otherwise, Holder steadfastly pleaded executive privilege. Documents later revealed that Holder's (or whoever's) analysis reached Clinton's desk without the standard go or no-go recommendation.
Much has been made of Obama's relationship with Ayers, famous for his role as the co-founder of a radical idiots group called the Weather Underground. While the Weathermen were violent, the FALN overshadowed them. For all the heat generated by the Obama-Ayers affiliation, the president-elect has a lot more explaining to do to justify Holder's nomination as the nation's chief law-enforcement officer.
Ayers denied in a recent New York Times op-ed that he was a terrorist, and his reasoning (he didn't kill or hurt anyone) is goofy. You get a better reading of him from his book, "Fugitive Days," an adolescent attempt to rationalize a juvenile fling. Presumptuously comparing himself to John Brown and Nat Turner, Ayers fails to appreciate that his '70s rhetoric is as dated as bell-bottoms. Yet, he still takes himself seriously.
Forget him.
Much of the criticism of the Holder nomination so far has focused on his role in Clinton's pardon of Marc Rich, a fugitive who owed $48 million in taxes and faced 51 counts of tax fraud. His wife, Denise, made substantial contributions to the Clinton presidential library and Hillary Clinton's senate campaign. President Clinton also granted pardons or commutations to his half brother, Roger; to Susan McDougal, for her role in the Whitewater scandal; and our own convicted congressmen Dan Rostenkowski and Mel Reynolds. (All of which should be kept in mind if President Bush pardons—which he shouldn't—Vice President Dick Cheney's former chief of staff, Scooter Libby.)
Why Obama wanted to resurrect all these troubling memories by nominating Holder is beyond me, especially in light of his campaign rhetoric about "bringing us together." I know, anyone who questions the Holder appointment will be accused of driving us apart, as if we have no right to ask for an explanation. But an explanation for this outrageous freeing of the FALN terrorists is required in an age when the threat of terrorism has worsened. It raises a question: What precisely does Holder plan to do with all the terrorists now in custody? It's more than a fair question.
Chicago Tribune
Bill Ayers is right; he's not a terrorist. He's a joke.
It's not Bill Ayers that soils President-elect Barack Obama's terrorist-fighting credentials; it's Obama's attorney general nominee, Eric Holder. And if Obama truly wants to unite us, he should dump Holder now.
Or at least make Holder fully explain his role in President Bill Clinton's grant of clemency to 16 terrorists from the Armed Forces of National Liberation, known by its Spanish acronym FALN. It's a question Holder has been dodging for more than a decade, and the one he will have to answer if he expects to be confirmed by the Senate.
For Chicagoans, terrorism carried out by the FALN, a radical and violent Puerto Rican independence group, is no mere political matter. It set off 120 bombs in the 1970s and 1980s, many of them in Chicago and a few in Schaumburg—at Marshall Field's, Sears, J.C. Penney, the federal and county buildings, Great Lakes Naval Training Center, several banks and Cook County Republican headquarters. It was in Evanston that the law finally caught up with them. U.S. attorneys from here and the New York area opposed the clemency, as well as the Justice Department, the FBI and the Bureau of Prisons. Former Atty. Gen. Janet Reno called them an "ongoing threat" in 1999, before Clinton sprung them. The FALN terrorists were not convicted of killing anyone, but Congress, which overwhelmingly condemned the clemency, concluded the FALN terrorists were responsible for five deaths. By standard practice, the clemency petition should never have reached Clinton's desk because none of the terrorists had applied for it. So, who did? How did Clinton get it into his head (or did he originate the thought) that the terrorists should walk?
The conventional wisdom points a finger at Holder, then deputy attorney general, and Holder has provided little evidence (other than his denials) that the process was on the up and up. Documents have revealed that Holder met with Rep. Luis Gutierrez of Illinois and other Democratic congressmen with Puerto Rican constituents to discuss the case beforehand. Holder suggested that congressmen get the prisoners to issue an expression of remorse to speed their release. Why? In congressional hearings, Sen. Orrin Hatch (R-Utah) tried to find out, but in Holder's clumsy evasiveness just about all that Hatch could get out of him was an admission that no one bothered to question the bombing victims. Otherwise, Holder steadfastly pleaded executive privilege. Documents later revealed that Holder's (or whoever's) analysis reached Clinton's desk without the standard go or no-go recommendation.
Much has been made of Obama's relationship with Ayers, famous for his role as the co-founder of a radical idiots group called the Weather Underground. While the Weathermen were violent, the FALN overshadowed them. For all the heat generated by the Obama-Ayers affiliation, the president-elect has a lot more explaining to do to justify Holder's nomination as the nation's chief law-enforcement officer.
Ayers denied in a recent New York Times op-ed that he was a terrorist, and his reasoning (he didn't kill or hurt anyone) is goofy. You get a better reading of him from his book, "Fugitive Days," an adolescent attempt to rationalize a juvenile fling. Presumptuously comparing himself to John Brown and Nat Turner, Ayers fails to appreciate that his '70s rhetoric is as dated as bell-bottoms. Yet, he still takes himself seriously.
Forget him.
Much of the criticism of the Holder nomination so far has focused on his role in Clinton's pardon of Marc Rich, a fugitive who owed $48 million in taxes and faced 51 counts of tax fraud. His wife, Denise, made substantial contributions to the Clinton presidential library and Hillary Clinton's senate campaign. President Clinton also granted pardons or commutations to his half brother, Roger; to Susan McDougal, for her role in the Whitewater scandal; and our own convicted congressmen Dan Rostenkowski and Mel Reynolds. (All of which should be kept in mind if President Bush pardons—which he shouldn't—Vice President Dick Cheney's former chief of staff, Scooter Libby.)
Why Obama wanted to resurrect all these troubling memories by nominating Holder is beyond me, especially in light of his campaign rhetoric about "bringing us together." I know, anyone who questions the Holder appointment will be accused of driving us apart, as if we have no right to ask for an explanation. But an explanation for this outrageous freeing of the FALN terrorists is required in an age when the threat of terrorism has worsened. It raises a question: What precisely does Holder plan to do with all the terrorists now in custody? It's more than a fair question.
Monday, December 08, 2008
Virgin America to start hub service
But not at O'Hare Airport.
Only a couple of days after Virgin withdrew its unsuccessful effort to land at O'Hare,, the airline announced that it would launch service from Boston to San Francisco and Los Angeles. Too bad Chicago.
Virgin pulled out of Chicago because it was unable to negotiate access to O'Hare gates. And why is that, especially now with so many unused gates there?
Because United and American, which control 80 percent of the traffic there and most of the gates, didn't want the competition. Nothing against Virgin, they just don't want anyone else showing up, offering lower fares, better service or connections to unserved markets.
Wait a minute: Isn't the airport publicly owned? Don't taxpayers pay for it? Shouldn't the city of Chicago, the landlord, recognize that the airport needs more competition?
The answers are yes, yes and yes. But the cozy relatiionship between the two airlines and City Hall prevents any significant competition at O'Hare. We don't need no stinkin' competition.
So, screw the airline passengers. And screw the taxpayers.
Only a couple of days after Virgin withdrew its unsuccessful effort to land at O'Hare,, the airline announced that it would launch service from Boston to San Francisco and Los Angeles. Too bad Chicago.
Virgin pulled out of Chicago because it was unable to negotiate access to O'Hare gates. And why is that, especially now with so many unused gates there?
Because United and American, which control 80 percent of the traffic there and most of the gates, didn't want the competition. Nothing against Virgin, they just don't want anyone else showing up, offering lower fares, better service or connections to unserved markets.
Wait a minute: Isn't the airport publicly owned? Don't taxpayers pay for it? Shouldn't the city of Chicago, the landlord, recognize that the airport needs more competition?
The answers are yes, yes and yes. But the cozy relatiionship between the two airlines and City Hall prevents any significant competition at O'Hare. We don't need no stinkin' competition.
So, screw the airline passengers. And screw the taxpayers.
Friday, December 05, 2008
George Ryan for U.S. Senator
Here’s who Gov. Rod Blagojevich should appoint to fill president-elect Barack Obama’s set as U.S. Senator: George Ryan.
Wait, wait. It’s perfect. Kill two birds—as it were—with one stone. All the stress would be lifted from the shoulders of local and state political creatures in one fell swoop. They could return to their primary occupations of doing bigger and badder things by resolving the two biggest issues weighing them down: Should President George W. Bush (or Obama when he becomes president) grant clemency to convicted felon and former Illinois Gov. George Ryan? And who should be Illinois get Obama’s seat.
The solution is flawless. It is the consummate intersection of two apparently unrelated bafflements.
Read more in the Chicago Daily Observer
Justice for Park Ridge and Des Plaines?
Several years ago, Park Ridge and Des Plaines withdrew their opposition to the expansion of O'Hare Airport. In Des Plaines, voters elected a pro-expansion mayor after years of opposition, thanks to some heavy footwork done by the Democratic patronage army in the east part of town. Before that, the Des Plaines mayor withdrew his town's membership in the Suburban O'Hare Commission, a consortium of communities opposing O'Hare expansion.
Having sold out, the towns now are full of angry residents complaining about the increased noise that the new northern runway at O'Hare has brought to their communities. According to the Chicago Tribune, no one expected the runway to carry as much traffic as it does, so now Des Plaines and Park Ridge are suffering from the consequences of their folly by lower-flying planes and increased numbers of flights. Apparently, they believed Chicago when it assured everyone, especially in those communities, that the northern runway would not have that much impact on their quality of life.
Perhaps Des Plaines and Park Ridge will have second thoughts and rejoin the opposition.
Having sold out, the towns now are full of angry residents complaining about the increased noise that the new northern runway at O'Hare has brought to their communities. According to the Chicago Tribune, no one expected the runway to carry as much traffic as it does, so now Des Plaines and Park Ridge are suffering from the consequences of their folly by lower-flying planes and increased numbers of flights. Apparently, they believed Chicago when it assured everyone, especially in those communities, that the northern runway would not have that much impact on their quality of life.
Perhaps Des Plaines and Park Ridge will have second thoughts and rejoin the opposition.
Tuesday, December 02, 2008
"Experts" blow their Black Friday predictions
By Dennis Byrne
Chicago Tribune
The dismal retail sales figures are in for Black Friday and the news is . . . good?
Wait a minute, the news was supposed to be bad, awful, ghastly, dreadful, etc. Analysts, almost to the person, were predicting that retail sales would decline from last year's level, if not plummet. Some forecast economic calamity, because so much depends on consumer spending.
Not to pick on anyone in particular, but here are a few examples of pre-Black Friday conjectures:
• Marshal Cohen, chief retail analyst with NPD Group, said "this could be the worst holiday [shopping season] ever."
• ABI Research analyst Michael Wolf said Black Friday could end with consumers spending less than usual.
• A Wall Street Journal headline predicted a "Bleak Friday for retailers."
But as I write this, the weekend sales figures are starting to trickle in and the sages look like they're turning out to be all wet. Chicago-based ShopperTrak RCT Corp. said sales not only didn't fall, but actually increased 3 percent over a year ago, to $10.6 billion. PayPal saw almost 34 percent more transactions and a 26 percent increase in sales online over last year's Black Friday. The National Retail Federation's 2008 Black Friday Weekend survey found shoppers spent an average of $372.57 over the weekend, a 7.2 percent increase over last year's $347.55. Fourteen percent more shoppers spent $41 billion, it said. In short, the analysts and many of my media colleagues who delight in amplifying any negative prediction—the worse, the louder—blew it. Too bad; maybe if they had been right, there would have been no crowd of idiots at a Wal-Mart store to trample an employee to death.
This wouldn't be worth writing about if the sages weren't so universally wrong, if we didn't give them so much weight and if so much of the economy didn't turn sour every time they opened their mouths. The fact is, despite their golden credentials, the initials after their names and affiliations with the high-end financial institutions, they don't know any more about the future than you or I. Yet, they and their grim prognostications appear as an endless parade on the business television network CNBC and on the financial pages. "The market hasn't bottomed out yet." "The recession will be deeper than anything we've seen since the Great Depression." "We're in for another three years of economic reversals."
"Baloney. Bushwa. How do you know?" I shout at the TV screen. They don't. Michael Lewis told us that from personal experience in his book, "Liar's Poker." He explains it again in Conde Nast's December Portfolio.com: "To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grown-ups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing which stocks and bonds would rise and which would fall."
He went on: "I'd never taken an accounting course, never run a business, never even had savings of my own to manage. I stumbled into a job at Salomon Brothers in 1985 and stumbled out much richer three years later, and even though I wrote a book about the experience, the whole thing still strikes me as preposterous—which is one of the reasons the money was so easy to walk away from. I figured the situation was unsustainable."
I dare that his predictions then were just as good as the predictions we hear today. Lewis said this nonsense was unsustainable, yet here it is, more than 20 years later, and we continue to see the same kind of specious advice flowing out of Wall Street and the media. Upon this, Americans continue to make decisions on how much to spend and invest, and the more we listen, the worse the economy becomes.
When oil was hovering around $150 a barrel, the same folks guaranteed us that the price would go even higher and that high energy costs were a permanent condition that would fundamentally change our society. I'm not saying that that day won't come. But now that oil is about $50 a barrel, can't we be equally glad? Gasoline and home prices have dropped precipitously; that's bad for some, but great for others.
As the start of the Christmas shopping season tells us, there are bargains everywhere and, since when are low-priced homes, cars, electronics and other goods really horrible things? Can't we at least pretend that there's some good news to be heard?
Chicago Tribune
The dismal retail sales figures are in for Black Friday and the news is . . . good?
Wait a minute, the news was supposed to be bad, awful, ghastly, dreadful, etc. Analysts, almost to the person, were predicting that retail sales would decline from last year's level, if not plummet. Some forecast economic calamity, because so much depends on consumer spending.
Not to pick on anyone in particular, but here are a few examples of pre-Black Friday conjectures:
• Marshal Cohen, chief retail analyst with NPD Group, said "this could be the worst holiday [shopping season] ever."
• ABI Research analyst Michael Wolf said Black Friday could end with consumers spending less than usual.
• A Wall Street Journal headline predicted a "Bleak Friday for retailers."
But as I write this, the weekend sales figures are starting to trickle in and the sages look like they're turning out to be all wet. Chicago-based ShopperTrak RCT Corp. said sales not only didn't fall, but actually increased 3 percent over a year ago, to $10.6 billion. PayPal saw almost 34 percent more transactions and a 26 percent increase in sales online over last year's Black Friday. The National Retail Federation's 2008 Black Friday Weekend survey found shoppers spent an average of $372.57 over the weekend, a 7.2 percent increase over last year's $347.55. Fourteen percent more shoppers spent $41 billion, it said. In short, the analysts and many of my media colleagues who delight in amplifying any negative prediction—the worse, the louder—blew it. Too bad; maybe if they had been right, there would have been no crowd of idiots at a Wal-Mart store to trample an employee to death.
This wouldn't be worth writing about if the sages weren't so universally wrong, if we didn't give them so much weight and if so much of the economy didn't turn sour every time they opened their mouths. The fact is, despite their golden credentials, the initials after their names and affiliations with the high-end financial institutions, they don't know any more about the future than you or I. Yet, they and their grim prognostications appear as an endless parade on the business television network CNBC and on the financial pages. "The market hasn't bottomed out yet." "The recession will be deeper than anything we've seen since the Great Depression." "We're in for another three years of economic reversals."
"Baloney. Bushwa. How do you know?" I shout at the TV screen. They don't. Michael Lewis told us that from personal experience in his book, "Liar's Poker." He explains it again in Conde Nast's December Portfolio.com: "To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grown-ups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing which stocks and bonds would rise and which would fall."
He went on: "I'd never taken an accounting course, never run a business, never even had savings of my own to manage. I stumbled into a job at Salomon Brothers in 1985 and stumbled out much richer three years later, and even though I wrote a book about the experience, the whole thing still strikes me as preposterous—which is one of the reasons the money was so easy to walk away from. I figured the situation was unsustainable."
I dare that his predictions then were just as good as the predictions we hear today. Lewis said this nonsense was unsustainable, yet here it is, more than 20 years later, and we continue to see the same kind of specious advice flowing out of Wall Street and the media. Upon this, Americans continue to make decisions on how much to spend and invest, and the more we listen, the worse the economy becomes.
When oil was hovering around $150 a barrel, the same folks guaranteed us that the price would go even higher and that high energy costs were a permanent condition that would fundamentally change our society. I'm not saying that that day won't come. But now that oil is about $50 a barrel, can't we be equally glad? Gasoline and home prices have dropped precipitously; that's bad for some, but great for others.
As the start of the Christmas shopping season tells us, there are bargains everywhere and, since when are low-priced homes, cars, electronics and other goods really horrible things? Can't we at least pretend that there's some good news to be heard?
Monday, December 01, 2008
Big Bailouts, Bigger Bucks
Durbin asks Bush to commute Ryan sentence
The surprise is that some people might be surprised by Durbin's request to spring this convicted felon. Chicago Tribune columnist John Kass, who doesn't want Ryan sprung, says he respects Durbin and urged him on Sunday not to proceed with this foolishness. Here I depart from John; my view of Durbin is closer to Steve Neal's, the late Sun-Times columnist, who never ran out of names--appropriately so--to call this senator whose practice, until now apparently, is to stick his thumb into the air to see which way the opinion was blowing.
That Durbin would buck the overwhelming public sentiment that Ryan should serve more of his term shows where his loyalties are: with the corrupt good old boys and the public be damned. Having just been re-elected to another six-year Senate term, he figures he can get away with it, and considering the wisdom of Illinois voters and who they have put in office, the odds are with Durbin.
Durbin also chose to spit in the eye of one of the jurors in the Ryan trial, reaffirming his decision that Ryan is guilty. That, too, for Durbin counts for nothing.
Thus is revealed the true Durbin. The whole thing is cheesy and sordid beyond what we can usually expect from Illinois politicians.
That Durbin would buck the overwhelming public sentiment that Ryan should serve more of his term shows where his loyalties are: with the corrupt good old boys and the public be damned. Having just been re-elected to another six-year Senate term, he figures he can get away with it, and considering the wisdom of Illinois voters and who they have put in office, the odds are with Durbin.
Durbin also chose to spit in the eye of one of the jurors in the Ryan trial, reaffirming his decision that Ryan is guilty. That, too, for Durbin counts for nothing.
Thus is revealed the true Durbin. The whole thing is cheesy and sordid beyond what we can usually expect from Illinois politicians.
Blame the media
This New York Times writer blames the media for the crowd that trampled a Wal-Mart employee to death in a frenzy to get to the marked-down Christmas sale merchandise. As much as I like to blame the media for lots of stuff, I think this is a stretch. The writer, David Carr, postulates that media coverage of the deals worked the shoppers into such a lather over buying "stuff" that they would literally kill for it.
He misses a bigger point. Black Friday and the holiday shopping mania is the result of turning a religious celebration into a commercial fetish. Carr doesn't mention the contamination of Christmas by the secular, and that makes him as guilty as the rest of the media.
He misses a bigger point. Black Friday and the holiday shopping mania is the result of turning a religious celebration into a commercial fetish. Carr doesn't mention the contamination of Christmas by the secular, and that makes him as guilty as the rest of the media.
Saturday, November 29, 2008
Sam Zell speaks
For those who ask me about the future of the Chicago Tribune, you might be interested in this lengthy interview with the man who would rescue the newspaper business.
Thursday, November 27, 2008
Bailout Spending is Out of Control
By Dennis Byrne
RealClearPolitics
Has anyone bothered to ask: Why $700 billion? Why not $800 billion to bail out the economy? Or a trillion? Jeez, as long as the dam has burst, why not make it a cool $7 trillion?
RealClearPolitics
Has anyone bothered to ask: Why $700 billion? Why not $800 billion to bail out the economy? Or a trillion? Jeez, as long as the dam has burst, why not make it a cool $7 trillion?
Okay, $7 trillion it is, and if you think that's an exaggeration, you're wrong. In this year alone, we have committed an amount that is more than half of our entire annual gross national product to assorted bailouts and guarantees. No, that doesn't mean that we have diverted half GNP for bailouts; it means that we have created half our gross national product virtually out of nothing.
Read more in RealClearPolitics.com
Iraqi Parliament Approves U.S. Security Pact
Do you think that President George W. Bush will get any credit for this?
This was one more thing that the anti-war left said would never happen--just like the surge wouldn't work or that yes, "while the surge might have worked, there will be no political solution." Where is the permanent "civil war" that the Bush haters said that Iraq would plunge into?
This is the country that Vice President-elect Joe Biden said should be divided into three, because they'll never be able to get together.
Do you think that anyone now will admit that we have won in Iraq and the war is virtually over?
This was one more thing that the anti-war left said would never happen--just like the surge wouldn't work or that yes, "while the surge might have worked, there will be no political solution." Where is the permanent "civil war" that the Bush haters said that Iraq would plunge into?
This is the country that Vice President-elect Joe Biden said should be divided into three, because they'll never be able to get together.
Do you think that anyone now will admit that we have won in Iraq and the war is virtually over?
Wednesday, November 26, 2008
The Garbage in Chicago's Budget
By Dennis Byrne
The Chicago Daily Observer
If I don’t look fast, my suburban garbage truck will have come and gone without my noticing. And unlike in Chicago, which has three people working each truck, my scavenger service has only one—the driver.
Read more in the Chicago Daily Observer
The Chicago Daily Observer
If I don’t look fast, my suburban garbage truck will have come and gone without my noticing. And unlike in Chicago, which has three people working each truck, my scavenger service has only one—the driver.
The holy writ in Chicago is that you can’t have just one, and therein lies one of the reasons that Mayor Richard M. Daley’s city is in such awful financial shape: Chicago’s government doesn’t exist for the benefit of those who pay for it; it’s purpose is to feather the nest of the people who run it.
How better to explain the recently approved $6-billion city budget that had to levy new taxes to eliminate a $469 million deficit? Of course, Chicago attempted to blame the sagging economy for the shortfall—and that’s surely part of it—but the bigger part is the waste and corruption built into the Machine.
Consider the deal that requires three-man crews on each garbage truck—one to drive and two labors to load....Read more in the Chicago Daily Observer
Tuesday, November 25, 2008
Durbin may seek to commute former Gov. George Ryan's sentence
More evidence of the palsy relationship between Democrats and Republicans in Illinois that Tribune columnist John Kass calls the "combine." At the front end, they combine to shaft us with their insider deals and graft; at the other, they get each other out of prison. A great tag team.
Illinois' bad joke
By Dennis Byrne
Chicago Tribune
If Illinois were a country, it would be Iceland.
That's the country whose high-flying economy collapsed recently, the first to fail in the global economic slump. Crowds, angry at the government's failure to prevent the crisis, have taken to the streets and called for an immediate election.
Don't expect any mobs to show up in Illinois demanding the expulsion of our government for Illinois' fiscal mess. Illinois voters are so tolerant that the government could sell the state to the Outfit for a box of trinkets and no one would notice. Illinois voters have no reason to feel smug about letting conditions get as far out of hand as they did in Iceland.
Illinois is facing a budget deficit of more than $2.5 billion and its backlog of unpaid bills is $4 billion. But, unlike Iceland, Illinois can't blame the global collapse of the credit markets for its financial mess. This has been going on for years, and unlike Iceland, there's no German bank standing by to bail us out. The fact is that no one is standing by but us, and we have shown ourselves to be as incompetent as the American banks that bought hundreds of billions of worthless mortgage derivatives.
Illinois Comptroller Dan Hynes tried recently to rattle our cage with another dire prediction of the morass we're creating, but who's listening? It's such boring stuff, you know. Except for what Hynes warns is coming: poor families denied medical care; schools crying for money; local governments failing to meet payrolls; state police cars parked; mass transit cutting service or raising fares.
Hey, Democrats, these are your people, the ones you supposedly care the most about. Hey, Democrats, the people running the state are yours too. But you keep putting them back into office year after year, despite their incompetence, petty quarreling and whatever else occupies their wee minds. The only one of them doing a good job is Hynes, whose latest warning should make everyone wonder: If our economy is in such a mess, and our 401(k)s have gone to pot, and the federal government is setting stratospheric records for borrowing, and no one is making loans, then how will Illinois ever get out of this mess?
Hynes said the $4 billion in unpaid bills could balloon to $5 billion by March. The state is three months behind in paying its suppliers and by spring it could be five months behind. Keep this up and the state might bankrupt the businesses it needs for products and services.
If you were a doctor or a hospital, how long would you continue to give away your services under these conditions? About 2.2 million people—17 percent of the state's population—rely on Medicaid. Most are children, low-income adults and low-income pregnant women. But the elderly, disabled and blind consume the greatest proportion of aid. When the state goes bankrupt, there will be the usual whine: "How come no one warned us?" And, "Somebody do something!"
Frankly, I don't know what can be done. Hynes recommends urgent short-term borrowing that will keep suppliers going for now. He also wants some form of federal aid, such as paying the state its Medicaid reimbursement before services are provided (in effect, turning reimbursements into advances). He also wants the state to eliminate "Catch 25" (actually Section 25 of the Illinois Finance Act), which requires the state to pay all its bills in the same fiscal year in which they were incurred, with a few exceptions, such as Medicaid. This is a giant loophole that allows the state to push the huge pile of unpaid Medicaid bills into the next fiscal year, and use the money that should have been set aside for Medicaid for other purposes, so that the state budget (fraudulently) looks in better shape than it actually is.
I'm not sure how well any of that will work; it might already be too late. Who would lend Illinois money in its current financial condition? How can we count on the federal government for help when it is borrowing every dollar in sight for its assorted bailouts, mortgage purchases, bank and financial institution assistance and impending auto industry loans coming to more than $1 trillion?
Oh, that's right. In Washington, the answer to any problem is to borrow more. And more. Look for Washington to pull Illinois out of the fire and let us cheer all the taxpayers in the other 49 states.
Chicago Tribune
If Illinois were a country, it would be Iceland.
That's the country whose high-flying economy collapsed recently, the first to fail in the global economic slump. Crowds, angry at the government's failure to prevent the crisis, have taken to the streets and called for an immediate election.
Don't expect any mobs to show up in Illinois demanding the expulsion of our government for Illinois' fiscal mess. Illinois voters are so tolerant that the government could sell the state to the Outfit for a box of trinkets and no one would notice. Illinois voters have no reason to feel smug about letting conditions get as far out of hand as they did in Iceland.
Illinois is facing a budget deficit of more than $2.5 billion and its backlog of unpaid bills is $4 billion. But, unlike Iceland, Illinois can't blame the global collapse of the credit markets for its financial mess. This has been going on for years, and unlike Iceland, there's no German bank standing by to bail us out. The fact is that no one is standing by but us, and we have shown ourselves to be as incompetent as the American banks that bought hundreds of billions of worthless mortgage derivatives.
Illinois Comptroller Dan Hynes tried recently to rattle our cage with another dire prediction of the morass we're creating, but who's listening? It's such boring stuff, you know. Except for what Hynes warns is coming: poor families denied medical care; schools crying for money; local governments failing to meet payrolls; state police cars parked; mass transit cutting service or raising fares.
Hey, Democrats, these are your people, the ones you supposedly care the most about. Hey, Democrats, the people running the state are yours too. But you keep putting them back into office year after year, despite their incompetence, petty quarreling and whatever else occupies their wee minds. The only one of them doing a good job is Hynes, whose latest warning should make everyone wonder: If our economy is in such a mess, and our 401(k)s have gone to pot, and the federal government is setting stratospheric records for borrowing, and no one is making loans, then how will Illinois ever get out of this mess?
Hynes said the $4 billion in unpaid bills could balloon to $5 billion by March. The state is three months behind in paying its suppliers and by spring it could be five months behind. Keep this up and the state might bankrupt the businesses it needs for products and services.
If you were a doctor or a hospital, how long would you continue to give away your services under these conditions? About 2.2 million people—17 percent of the state's population—rely on Medicaid. Most are children, low-income adults and low-income pregnant women. But the elderly, disabled and blind consume the greatest proportion of aid. When the state goes bankrupt, there will be the usual whine: "How come no one warned us?" And, "Somebody do something!"
Frankly, I don't know what can be done. Hynes recommends urgent short-term borrowing that will keep suppliers going for now. He also wants some form of federal aid, such as paying the state its Medicaid reimbursement before services are provided (in effect, turning reimbursements into advances). He also wants the state to eliminate "Catch 25" (actually Section 25 of the Illinois Finance Act), which requires the state to pay all its bills in the same fiscal year in which they were incurred, with a few exceptions, such as Medicaid. This is a giant loophole that allows the state to push the huge pile of unpaid Medicaid bills into the next fiscal year, and use the money that should have been set aside for Medicaid for other purposes, so that the state budget (fraudulently) looks in better shape than it actually is.
I'm not sure how well any of that will work; it might already be too late. Who would lend Illinois money in its current financial condition? How can we count on the federal government for help when it is borrowing every dollar in sight for its assorted bailouts, mortgage purchases, bank and financial institution assistance and impending auto industry loans coming to more than $1 trillion?
Oh, that's right. In Washington, the answer to any problem is to borrow more. And more. Look for Washington to pull Illinois out of the fire and let us cheer all the taxpayers in the other 49 states.
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