No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Archive for April 15th, 2009

Very-quick Appleton Tea Party thoughts (and the rest of the state)

I took a look at the map and the clock and decided not to go to Fort Atkinson’s tea party, opting instead to make Appleton’s. I’m too tired to offload the pics off my camera and make sure they’re halfway-decent, but I’ll crib off my Tweets:

– There ended up being somewhere around 3,000 people, as the Fox Banquets parking lot ended up being jammed up.
– No current politicians were up at the microphone, but we did get a brief appearance from former state treasurer Jack Voight.
– After the opening invocation, we got a history lesson – Since the Brits spent themselves out of money, they looked at the American colonies as a piggy bank. The colonists responded with the original tea party and ultimately the Revolution.
– Speaking of history, one of the speakers (didn’t have a working recorder, so I don’t remember his name) pointed out that at one time, each party had a low-tax champion, and that both parties are currently ignoring their legacies.

I do have numbers from a couple of other Wisconsin Tea Parties:

Superior – 100
Eau Claire – 300
Wausau – “hundreds”

I was hardly alone covering the Madison Tea Party:
Lance Burri with the pic dump.
Randy Hollenbeck (do not miss the two-page photo gallery)
Denise of Finding a Balance
Fred Dooley (first is his personal blog, Real Debate Wisconsin, second is the MacIver Institute)
Christian Schneider
MadisonConservative

Revisions/extensions (11:13 pm 4/15/2009) – Paul Socha has a good write-up and a heap of pics. Somehow I missed him.

Very-quick Madison Tea Party thoughts

I’ve got a couple minutes between Madison’s Tea Party and Fort Atkinson’s, so I’ll put a couple thoughts up on what 5,000-6,000 of my closest friends and I saw and heard.

– The theme of the day is that elections matter. It isn’t enough to be involved today; we need to be involved tomorrow, next week, next month, and next election.

– I should’ve brought the Big Black Camera. It was far too bright to get good pics off the Blackjack.

– It was refreshing to hear both Reince Priebus (RPW chair) and Rep. Paul Ryan note that both parties are at fault for this. Ryan did, however, forget that his votes of last year, and his vote for the 90% TARP tax, are also parts of this.

– Superior mayor Dave Ross wondered where the higher-taxes rally was. I submit it was inside that building we were in front of.

– Speaking of that building, and the party that controls it, they pulled a rather dirty trick by scheduling a whole host of committee hearings for during that rally. Leah Vukmir didn’t get out of her committee hearing until at the end.

– Personal lesson of the day; check the batteries in the voice recorder before bringing it. DVR #1 died about 30 minutes in, and DVR #2 died just as Vicki McKenna came out.

On to a quick look-in at Fort Atkinson, then a mad dash to Appleton.

Revisions/extensions (10:52 pm 4/15/2009) – Roland Melnick of Badger Blogger got a pic of THE SIGN OF THE DAY (that’s right; all credit goes to him, not me)

dsc02228
Click for the full-sized pic, and don’t forget to credit Roland

Tea Party primer over at Malkin’s place

Michelle Malkin has the “short” history of the Tea Parties over at her place. It’s just short enough to read before heading out to your local Tax Day Tea Party.

I was fortunate enough to be in DC for the February 27 series of Tea Parties. I’ll be making the rounds around eastern Wisconsin today, so if you can’t make it to one of any number of Tax Day Tea Parties, stay tuned to your local blog.

There’s no way out of TARP, part II

by @ 8:15. Tags:
Filed under Business, Politics - National.

Goldman Sachs said on Monday, in the wake of its $1.8 billion first-quarter profit, that it was looking to have a stock offering of $5 billion in order to repay its $10 billion loan. Tuesday, a rift developed between Rep. Barney Frank (D-MA) and the Obama administration, as the former welcomed the repayment development. The administration, on the other hand, claims to want to not “stigmatize” those still on the TARP.

As a guest on “Your World with Neil Cavuto” pointed out yesterday, the more-likely reason is the Obama adminstration would rather keep control. After all, he who doles out the gold makes the rules.

There’s no way out of TARP

by @ 7:57. Tags:
Filed under Business, Politics - National.

The comments timed out back at Sister Toldjah, so I’m bringing the entire post here and moving it to the top. The placeholder I had up since April 6 is below the fold.

(H/T – Lawhawk)

Back at my regular home, both my co-blogger Shoebox and I have been monitoring attempts, some successful, others not, by banks to get out from under the Troubled Assets Relief Program. In today’s Wall Street Journal, Stuart Varney relates the story of a larger bank that was forced to take TARP money:

Here’s a true story first reported by my Fox News colleague Andrew Napolitano (with the names and some details obscured to prevent retaliation). Under the Bush team a prominent and profitable bank, under threat of a damaging public audit, was forced to accept less than $1 billion of TARP money. The government insisted on buying a new class of preferred stock which gave it a tiny, minority position. The money flowed to the bank. Arguably, back then, the Bush administration was acting for purely economic reasons. It wanted to recapitalize the banks to halt a financial panic.

Fast forward to today, and that same bank is begging to give the money back. The chairman offers to write a check, now, with interest. He’s been sitting on the cash for months and has felt the dead hand of government threatening to run his business and dictate pay scales. He sees the writing on the wall and he wants out. But the Obama team says no, since unlike the smaller banks that gave their TARP money back, this bank is far more prominent. The bank has also been threatened with “adverse” consequences if its chairman persists. That’s politics talking, not economics.

Why can’t this bank do what some tiny banks that received TARP money have done? Varney answer that with three words – “Control. Direct. Command.” He points to the Pay for Performance Act, which many have seen as merely a ceiling on pay at any company that has so much as a dime of TARP money. Given the Democrats’ support for a “living wage”, I see that as a vehicle for raising the minimum wage by means other than legislation. After all, if the biggest banks are forced to pay a large sum of money for entry-level tellers, that will force the smaller banks and other businesses that offer entry-level jobs to follow suit.

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