We have spent a lot of recent posts discussing the race to bankruptcy court that many state and city governments are involved in and the massive and disturbing fraud that has infested just about every government program, stealing billions and billions of taxpayer dollars. However, the ongoing stupidity, ignorance, and greed of the American political class has continued unabated and we will try to bring readers up-to-date on what they are screwing up now:
1)David Rivera is a former Florida Congressman that is now going to prison:
He is the son of Cuban exiles who was elected to Congress in 2010 but only served one two year term.
He did not get reelected partly as a result of ethics probes and possibly misusing campaign funds.
But for another reason altogether, a Miami Federal jury recently convicted him and a political consultant, Esther Nuhfer “on charges of failing to register as foreign agents when they lobbied major politicians in a scheme to ‘normalize relations with Venezuelan President Nicolas Maduro after Rivera had signed a $50 million contract with the American arm of Venezuela's national oil company.”
The two were guilty of violating Federal foreign agent registration laws.
According to the FBI’s Miami office A federal jury in Miami found a former U.S. Congressman David Rivera guilty of secretly lobbying on behalf of the Venezuelan government and laundering millions of dollars tied to that work, in violation of the Foreign Agent Registration Act.”
He faces up to 60 years in Federal prison for his greed.
It is refreshing to finally see one person from the American political class go to prison for violating the law, hopefully many more will follow, also for their own blatant violation of the law, always thinking that the laws they pass do not apply to them.
2)We have previously discussed the plight in the state of Delaware regarding the Delaware Court of Chancery:
For a very long time, many businesses incorporated their business in the state of Delaware because of the Court of Chancery.
The reason for favoring Delaware to incorporate was that the Chancery Court had a long history of being favorable and fair to businesses when it came to legal matters.
It was so large that estimates say that 25-30% of the Delaware state government general budget comes from the court’s fees.
But over the recent past, that reputation for being fair and reasonable for business dealings and lawsuits has become frayed, with many large and small businesses leaving the state and incorporating in more friendly business environments in other states.
Obviously the continued loss of incorporation business in the state is eventually going to cause some severe budget problems for the state government and taxpayers.
The pressure on that state budget revenue line just got a little more stressed:
Dell Technologies, they of the personal computer business, recently left Delaware and re-incorporated in Texas, a much more business friendly state these days.
Dell was founded in 1984 but 42 years later it is moving its incorporation basis to Texas.
While the company said it was moving to Texas because that is where it was founded, it is part of a troubling trend for Delaware losing another major, major corporate customer.
In just the past 24 months, over 60 companies worth over $3 trillion in market value have left and re-incorporated elsewhere.
Recently, tech firm Samsara with a market cap value of $17 billion also left the Delaware Court of Chancery.
Others who have left include Tesla, SpaceX, Coinbase, Roblox, Dropbox, Dillard's, and Simon Property Group.
The court’s reputation for fairness and being business friendly was recently upended when famous lawyer and Harvard professor emeritus, Alan Dershowitz, called the state’s court "one of the most corrupt in the nation."
While Delaware is not one of our top states to go bankrupt pretty soon, this situation is characteristic of politicians in the top candidates to go bankrupt. People and businesses want to be free and treated fairly and when that does not happen they move to where they will be treated fairly and be allowed to keep their hard earned wealth, it is not a complex concept.
The Court of Chancery is a case in point and it will very soon start hurting the average Delaware taxpayer to make up for the idiocy of the court and the ever growing shortfall of revenue it provides to the state government budget.
3)The city government of New York City is going broke. Its current fiscal year budget planning is over $5 billion short. Businesses and residents are packing up and taking their tax revenue with them to other states and cities. The mayor is going around and insulting the very taxpayers he needs to stay put in the city to fund his socialist/communist vision.
And despite this dire budget outlook:
The Mamdani administration has set aside $500,000 to support “community discussions” on reparations for black New Yorkers.
Not $500,000 to pay reparations, $500,000 just to discuss them despite the fact that no black American living in the city has ever worked as a slave and no taxpayer in the city has ever owned slaves or a plantation.
More than 24 organizations will each receive thousands and thousands of dollars to hold "conversations to discuss the development of a reparations study” and to collect “input on the early development of the citywide, Truth, Healing and reconciliation plan.”
Refreshments will be served at these discussions and paid for by city taxpayers.
Talk about political class insanity; first, pushing these types of non-essential expenses and efforts while being short billions of dollars for the budget is financially irresponsible. Mamadani has refused to hire 5,000 additional police officers that are needed to keep citizens safe, a basic function of any government entity but will be serving tea and crumpets to hold these nonsensical discussions.
Second, if there really is money laying around and nothing to spend the money on besides reparations, why not take that excess money and improve the education of black kids in the city? That would be a far better investment for the black community, helping raise the education level and living standard of black families and their kids as opposed to a one time payment of reparation for phantom slavery affronts.
Third, it is a racist and probably illegal approach to the use of taxpayer funds, you cannot do this type of race specific stuff without violating the Civil Rights Act.
But Mamdani’s insanity and fixation on race is much more expensive than this $500,000. Budget wise, he wants $4.6 million for the Commission on Racial Equity and another $5.6 million for the Office of Racial Equity. Over $10 million for something that never happened in the city: slaves and plantations. Pathetic waste of taxpayer wealth and such bad priorities.
4)We have always contended and often proven that man made climate change, or its predecessor global warming, was a myth. That did not stop people like Obama from spending billions upon billions of dollars on failed global warming initiatives (e.g. remember the Solyndra and Fisker debacles?). Fortunately cooler heads have finally prevailed and curtailed failed and ignorant global warming projects from being paid for by the taxpayers.
But, unfortunately, a global-warming failure from the Obama era is still causing havoc with nature and environmental destruction:
A taxpayer backed “clean energy” solar plant was built out during the Obama era.
The so-called Ivanpah Solar Power plant was designed to use thousands of mirrors to reflect sunlight onto three towers, causing the reflected sunlight to produce heat and electricity.
The plant cost $2.2 billion of taxpayer wealth.
But newer technology almost immediately made this solar farm mirror technology obsolete and both the Biden and Trump administration tried to shut it down.
However, California government folks said no to shutting it down, no matter how outdated and inefficient it is, since they still needed electricity.
Even the Sierra Club, a fighter for the environment, says the project is both a "financial boondoggle and environment disaster” since it kills "thousands of birds and tortoises” and proves that “not all renewable technologies are created equal.”
The mirrors concentrate so much sunlight into beams that birds caught in the reflected beams catch fire mid-flight, with the number of birds killed every year totaling in the thousands.
The construction of the project bulldozed a whopping 4,000 acres of pristine desert land, killing unknown numbers of native tortoises.
And yet this "green" project still needs natural gas to boot up every morning, and uses 60% more natural gas every day than originally forecast.
Thus, this natural energy project burns up to 30,000 metric tons of carbon every year to get the plant started everyday, not a very eco-friendly situation.
Obama left office long ago. Yet, his green energy legacy is a disaster with this solar project just one prime example; obsolete technology, killing of birds and tortoises and who knows what other living things, using dreaded carbon based fuel to get the whole operation going everyday, and cost over $2 billion. Another disaster from the American political class.
Enough insanity for today: a felon of an ex-politician in Florida, now Delaware is leaking business tax dollars, Mamdani’s horrible priorities in the face of a $5 billion budget deficit, and the Obama green agenda continues to be a disaster.
**********************
If you agree that we need to deseat every member of Congress for their lack of success and accomplishment, then please consider going to the following petition link to help the cause:
https://www.change.org/p/deseat-congress-reset-freedom
**********************
No comments:
Post a Comment