Wednesday, September 17, 2008

Windfall Losses

Just a few months ago, our politicians were screaming about "Windfall profits" of the Big Oil. They claimed that the greed led to the huge profit margins of the big oil and how they need to pay their fair share back to the American people.

Now pretty much the same politicians are claiming that Wall Street greed is causing those catastrophic losses.

So, is it fair to ask if Congress deems that Windfall profits be taxed, should windfall losses be compensated?

While our pols were hyperventilating about Windfall profits of Big Oil, oil quickly moved below $100 a barrel. And nary a peep about how that happened.

Republican Ticket

A lot has been said about the Republican ticket since the Gov. Palin was nominated the VP candidate. And most of it negative attacks from MSM and the Democrats. I do not add or subtract from what has been said. These are simply my opinions about the Republican ticket.
  • Fiscal conservative: Not easy being a governor and a fiscal conservative. And especially if you are from Alaska. Even more if you are Republican from Alaska. Vice Presidents don't always sway the administration's fiscal policy. But Dick Cheney changed what a Vice President does (This might only be a GW legacy that might not last in a McCain administration).
  • Social conservative: Her family is a testament to that. And here, many play Gotcha about her pregnant teen daughter. But what you are does not always prevent such things. Even in the most closeted families, kids spend inordinate amount of time with their peers. This is a scenario most parents dread. And Gov. Palin's choices are commendable. And definitely not the ones left-coast liberals align with. A lot of us do agree with those choices and values that they represent.
  • Normal: She is normal. She is hard working. She did not go to Ivy league colleges. She has funny names for her kids. She sounds like most of my neighbors.

McCain is the original maverick. A lot has been said about how the Republican base is angst at his maverick tendencies. But most forget, he won the Republic nomination in Republican primaries (only hardened base voters vote in primaries). But picking Gov. Palin was the first thing he has done to acknowledge the concerns of the base. And it is good politics. (MSM will say, how dare he play politics?)

McCain's economic policies are good. His pronouncements are awful - just listen to his latest campaign ad. Thus giving us a pause as to which one he believes in. In these times, it is hard to say the right thing. We sure hope he knows the right things to do. I think his congressional record pretty much confirms that he knows them.

Over lunch today, one of my colleagues brought this topic up. And before I could say anything at all, another colleague pounced upon the topic - essentially declaring that all Republicans are fools for having made up their mind - because they vote for the party. In the same sentence he claimed that they are only voting because of Gov. Palin.

He was so condescending of my choices and essentially my intelligence that I decided to write this post. May be this is why we are rallying behind Gov. Palin's candidacy more than McCain's.

In the end, I had to leave the conversation by saying that, of the three only I could vote this November.