What a week in Washington. Luckily I’m not a GSE shareholder!

Rep. Jerry Lewis (R-Redlands) proposes a deal with Appropriations Committee Chairman Rep. Obey (R-Wisc.) to avoid amendments and certain procedural manuevers in the hopes of continuing the annual federal budget and spending process. In The Hill.

Speaking of the GSEs, The Hill ran a list of elected officials who have met privately with Federal Reserve Chairman Ben Bernanke and it includes Rep. John Campbell (R-Irvine). Speaker Pelosi (D-San Fran.) is the only other Californian on the list. If those walls could talk!

Dick Morris has an interesting column in The Hill today handicapping the state of the presidential race.

Over at Wilshire & Washington, some "lighter" news including high school photos of Democratic presidential nominee-in-waiting Barack Obama… Read More

There are a few very good political treasurers in CA. I work with Dana Reed and Lysa Ray and John Ramirez with various clients. But my treasurer is Betty Presley and she sends email updates every time a major deadline is approaching or with any big updates in campaign finance law.

I thought this one was interesting enough to post since so many good people get into trouble with the nuances of campaign finance restrictions. (Full document attached in .pdf format below).

Federal law limits contributions to party organizations to just over $100,000 per contributor. This is a terribly stupid law. It not only restricts political speech, but it also forces political dollars into the shadows of 527s and other independent efforts not tracked as well as direct political contributions.

Some other fun facts courtesy of Betty Presley:

I. $2,300 to a candidate committee per election. II. $5,000 per year to a non-candidate controlled Federal PAC. III. $10,000 per year in each state to all state, district, and local political… Read More

Today’s front page of the Wall Street Journal offers a perfect example of the idiom "fiddling while Rome burns." At the top of the page, there’s an article about the run on IndyMac bank in Burbank, accompanied by a picture of worried customers trying to withdraw their money. Let your eyes drift down the page and you’ll see another article about California—-a front page story about Senator Jack Scott’s proposed ban on foil balloons. So let’s recap: California is experiencing a horrible fire season, and our national and state financial system is in dire straits, but our lawmakers are busy stopping teenagers from singing the national anthem in the capitol rotunda and trying to ban metallic balloons. Oh, and as Jon wrote about today, our legislators still haven’t passed a state budget. What exactly are we paying these people to do for us?… Read More

Now is the time for all good men to come to the aide of their country. The quick brown fox jumps over the lazy dog.

Now is the time for all good men to come to the aide of their country. The quick brown fox jumps over the lazy dog.

Now is the time for all good men to come to the aide of their country. The quick brown fox jumps over the lazy dog.

Now is the time for all good men to come to the aide of their country. The quick brown fox jumps over the lazy dog.

Now is the time for all good men to come to the aide of their country. The quick brown fox jumps over the lazy dog.… Read More

If you were to look up "dysfunctional legislature" in the dictionary, you’d a photograph of the California State Capitol. We’re now a couple of weeks into the fiscal year without a state budget, and outgoing Senate President Don Perata has apparently dismissed Senators from Sacramento, advising them to be "on call" to come back and vote on a budget on short notice. Last I checked, we are paying every single member of the State Senate, and also the State Assembly for that matter, a full-time wage. If there is no state budget, the last thing that I want to have happen is for all of the legislators to go back to their districts, and leave budget nogotiations to small group of legislative leaders, to primary take place in a back room. Frankly, every legislator has a responsibility to be in Sacramento, at the Capitol, and working together to try and solve this overspending crisis.

State government is huge, and complex, and the negotiations surrounding an income and spending plan should be broadly approached by our legislators. Democrat and Republican State Legislators should be rolling up their sleeves, taking portions… Read More

Floyd Brown has produced a new advertisement thatcontrasts on Barrack Hussein Obama’s recent lament that Americansdon’t know enough foreign languages. You can see it at: http://www.youtube.com/watch?v=3W7srmHLclw.… Read More

If you were to look up "dysfunctional legislature" in the dictionary, you’d a photograph of the California State Capitol. We’re now a couple of weeks into the fiscal year without a state budget, and outgoing Senate President Don Perata has apparently dismissed Senators from Sacramento, advising them to be "on call" to come back and vote on a budget on short notice. Last I checked, we are paying every single member of the State Senate, and also the State Assembly for that matter, a full-time wage. If there is no state budget, the last thing that I want to have happen is for all of the legislators to go back to their districts, and leave budget nogotiations to small group of legislative leaders, to primary take place in a back room. Frankly, every legislator has a responsibility to be in Sacramento, at the Capitol, and working together to try and solve this overspending crisis.

State government is huge, and complex, and the negotiations surrounding an income and spending plan should be broadly approached by our legislators. Democrat and Republican State Legislators should be rolling up their sleeves, taking portions… Read More

According to the Pew Research Center, the public’s top story last week was the rising price of filling up their gas tank. Not a shocker.

If you haven’t done so, you should take 5 minutes to view the ‘PickensPlan’. Put forward by Texas oilman T. Boone Pickens, he calls for a massive expansion of wind generation in the Central United States and then shifting the country’s natural gas resources from energy to fueling cars.

I spent some time researching (I guess googling a few keywords counts as research now days) what natural gas cars cost — pretty affordable really and into fueling stations there are quite a few around the Sacramento region. But you can also fill up at home with this adapter that allows you to use your existing natural gas… Read More