Roenblog: http://roenbaugh.com/Roenblog2 A place where we post the stuff we'd normally e-mail you Wed, 05 Nov 2008 00:14:20 +0000 http://wordpress.org/?v=2.0.2 en Voting in the City http://roenbaugh.com/Roenblog2/2008/11/04/voting-in-the-city/ http://roenbaugh.com/Roenblog2/2008/11/04/voting-in-the-city/#comments Wed, 05 Nov 2008 00:14:20 +0000 Jenny Misc http://roenbaugh.com/Roenblog2/2008/11/04/voting-in-the-city/ You might be a country bumpkin if you take pictures of the voting line. This was at 6:45 a.m. this morning.

Chris and I had to make two attempts, but I did get to see the mayor of Milwaukee this morning. Hint: Go in the middle of the afternoon if possible.

IMG00048.jpg

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Keep talking… http://roenbaugh.com/Roenblog2/2008/10/20/keep-talking/ http://roenbaugh.com/Roenblog2/2008/10/20/keep-talking/#comments Mon, 20 Oct 2008 18:01:32 +0000 Jenny Misc http://roenbaugh.com/Roenblog2/2008/10/20/keep-talking/ Only YOU can prevent being ignorant!

“Americans with less than a high-school diploma have the greatest diversity in political discussion mates. Those with the most narrow political lives are Americans who have suffered through graduate school.”

- Diana Mutz, Hearing the Other Side

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Fashion escapism http://roenbaugh.com/Roenblog2/2008/10/19/fashion-escapism/ http://roenbaugh.com/Roenblog2/2008/10/19/fashion-escapism/#comments Mon, 20 Oct 2008 01:30:10 +0000 Jenny Misc http://roenbaugh.com/Roenblog2/2008/10/19/fashion-escapism/ What stock market woes? My new addiction is watching fashion shows via podcast. I’ve logged countless hours in front of my computer letting the craziness sashay down the runway.

It started with a desire to find some free video to better utilize my iPod. Since, I’ve become addicted and subscribe to six free, fashion podcasts that flow in the runway shows as the models put the clothes back on the rack. It surprised me how quickly the fall shows turn into spring with sometimes very little to distinguish either.

The best part is that you must suspend reality, at least for a few minutes. No one ever asks, “who in the heck would actually wear this?” Although — after the hundredth unrealistic outfit — you really just have to let it go. Everyone gushes over the designer, often for no reason, which makes it real escapism. There is no downside. There is no bad review.

As we enter a recession, I invite you to hideout with me. It’s a free escape for now. At least until these crazy designers realize that we can’t afford it anymore.

Louis Vuitton Spring-Summer 2008
Will Naomi Campbell and Stephanie Seymour put on nurse costumes with “Silence of the Lambs” face grills? Yes! We shall call it fashion.

Lanvin Spring 2009
Seriously, how did this round little man get into fashion?

Michael Kors Fall 2008I’d like to think this is a cheap habit but this helped fuel a higher-end shoe purchase. I’d probably buy most of this show if it were possible.

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Lehman Update http://roenbaugh.com/Roenblog2/2008/10/06/lehman-update/ http://roenbaugh.com/Roenblog2/2008/10/06/lehman-update/#comments Mon, 06 Oct 2008 13:51:58 +0000 Roenblog Misc http://roenbaugh.com/Roenblog2/2008/10/06/lehman-update/

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THE LIES BIDEN TOLD http://roenbaugh.com/Roenblog2/2008/10/04/the-lies-biden-told/ http://roenbaugh.com/Roenblog2/2008/10/04/the-lies-biden-told/#comments Sat, 04 Oct 2008 15:01:15 +0000 Roenblog Misc http://roenbaugh.com/Roenblog2/2008/10/04/the-lies-biden-told/  The NY Post:

For all the focus on Sarah Palin’s graceful performance in Thursday’s vice presidential showdown, a more significant spectacle was taking place behind the other rostrum.

That’s where Joe Biden, speaking with the pompus self-importance befitting his 36 years in the Senate, told one baffling fib after another.

Some, of course, were just Biden being Biden. He smeared Dick Cheney as “the most dangerous vice president we’ve had probably in American history.”

To which we must take specific offense: After all, the founder of this newspaper, Alexander Hamilton, was killed in a duel by then-Vice President Aaron Burr. (Certainly Burr was a better shot than Cheney.)

But that’s a matter of opinion.

Not so, some other Biden gems:

* It’s “simply not true” that Barack Obama said he’d meet Iran’s president without preconditions, Biden insisted.

Yet when Obama was asked if he would in a debate during the primaries, he said yes - a position Biden back then termed “naive.”

* Biden said he’s “always supported” clean-coal technology - after stating emphatically only last month, “We’re not supporting clean coal.”

* Biden asserted - repeatedly - that the US spends more money on three weeks’ combat in Iraq than it’s spent in Afghanistan since the war began.

That claim’s only remotely intelligible if he limits Afghan expenditures merely to US rebuilding efforts - and even then, he’s off by a factor of three, according to State Department numbers.

* Also on Afghanistan, Biden insisted - repeatedly - that “our commanding general in Afghanistan said the surge principle in Iraq will not work” there.

That may not be an out-and-out lie, but it took supposed foreign-policy neophyte Sarah Palin to bring any context or nuance to the statement.

What Gen. David McKiernan had said was that tribal realities in Afghanistan are very different than in Iraq - requiring a different form of cooperation.  But he flatly said more troops, and more local engagement, are needed.

Sounds like a surge to us.

* Then there was what might have been the biggest head-scratcher of the night. Said Biden of the Bush administration’s supposed Middle East follies:

“When . . . along with France, we kicked Hezbollah out of Lebanon, I said and Barack said, ‘Move NATO forces in there. Fill the vacuum, because if you don’t, Hezbollah will control it.”

Huh?

Assuming that Biden was referring to when, in 2005, American and French pressure helped the Lebanese people kick Syrian troops out of Lebanon, who ever thought NATO occupation of that deeply divided country was a good idea?

As if America’s NATO allies would have gone in the first place.

But hey, as long as it makes Biden sound presidential.

At some point, Americans have to wonder: Is this a fellow who should be a heartbeat away from the White House?

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Nothing’s the Matter With Kansas http://roenbaugh.com/Roenblog2/2008/10/04/nothings-the-matter-with-kansas/ http://roenbaugh.com/Roenblog2/2008/10/04/nothings-the-matter-with-kansas/#comments Sat, 04 Oct 2008 14:50:31 +0000 Roenblog Misc http://roenbaugh.com/Roenblog2/2008/10/04/nothings-the-matter-with-kansas/  

wsj_print.gif 

Here in the heart of Kansas, the sky isn’t falling and Chicken Little isn’t running around without a head. Community banks like mine are still making loans and serving the needs of customers.

 

I used to worry about competing in the world of mega “too-big-to-fail” banks. But now I know community banks offer something the monsters can never offer — real personal service. Many financial-type businesses say they offer the same thing, but they usually don’t list personal numbers in the phone book and probably aren’t driving the volunteer fire truck. My father always told me that character repaid many more debts than collateral ever would. Community banks form long-term relationships with customers. 

During the farm crisis of the 1980s the over-line credits we had placed with the city correspondent banks were called. A community bank used to rely on participating loans with large metro banks. For example, if my bank had a regulatory loan limit of a million dollars and I made a two million dollar loan, I would “sell” the over-line to a large bank. These large banks suddenly suspended and called all rural credits. This is probably similar to what is happening to borrowers who use super-large banks in today’s panic environment. There was nothing wrong with these loans but every small bank suffered from this irrational wrath.

A group of fellow bankers formed an ad hoc loan-pooling arrangement and we traded loans. Not a dime was lost, no borrowers were sold out and we didn’t need a government bailout. It did instill a fierce sense of independence and self reliance.

Today we are reacting to a crisis that absolutely everyone knew was going to happen. Can you tell me that the entire congressional delegation from California didn’t read a newspaper or watch any TV when unregulated brokers were offering 100% loans and allowing borrowers to make up their income?

Appraisal rules were established after the savings-and-loan debacle. The brokers and packagers weren’t regulated so some appraisers really had a field day being creative. And now the government thinks we need new rules? They didn’t enforce the existing ones.

Community bankers get really ticked off when Treasury can, with the stroke of a pen, guarantee $50 billion in money-market mutual funds, including the tax exempt funds. These funds didn’t participate in generating the guarantee dollars, weren’t regulated, and aren’t subject to Community Reinvestment Act (CRA) rules. Why does that not surprise me? The CRA was passed in 1977 to ensure that banks meet the credit needs of their local communities but in effect practically compelled some regulated lenders to make loans to people and projects that have limited ability to repay them. Billions of these loans have been made, with a large percentage of the housing loans ending up at Fannie Mae. Community banks feel that if we must follow these CRA rules to comply with deposit insurance regulators, then anyone else receiving government guarantees should as well. Banks paid for all of the FDIC fund dollars as well as the operating costs of their regulators. We have been competing with these money-market funds for years, they mess up and now are handed a “get out of jail free” card.

All of the media pressure about this terrible crisis has really worried people. We community bankers must spend time reassuring folks that everything will be fine. The best way I have found to do that is to make more loans this September than we made a year ago, offer new products, and serve a fantastic group of customers with home loans at our bank where all is well and none are facing foreclosure.

If the government really wanted to help banks stimulate this economy, all that would be needed is a bonfire eliminating redundant red tape. While starter homes may cost a half-million dollars in some parts of this country, they are one-tenth of that here. So why does the borrower sign but three pieces of paper to process a $50,000 auto loan but needs two dozen-plus documents (which are never read) for a home purchase of the same amount? All that extra paperwork sure didn’t protect anyone in this crisis.

Can anyone tell me why my small bank headquartered in a town of 1,100 is subject to the onerous rules of CRA, HMDA, CIP, FACTA, Red Flag and others? We have no red-lined areas or stop lights and everyone is making a low or moderate income. We were probably at the hospital when the borrower was born.

I am really concerned about my grandchildren’s future being mortgaged by a $1 trillion porked-up bailout. But our small bank, along with many others, is alive and well and still making loans. To paraphrase the late great Kansas newspaperman William Allen White: What’s right with Kansas are the more than 300 local banks taking care of Main Street.

Mr. Wyckoff is president of Labette Bank in southeast Kansas.

Please add your comments to the Opinion Journal forum.

]]> http://roenbaugh.com/Roenblog2/2008/10/04/nothings-the-matter-with-kansas/feed/ Presented without comment… http://roenbaugh.com/Roenblog2/2008/10/04/presented-without-comment/ http://roenbaugh.com/Roenblog2/2008/10/04/presented-without-comment/#comments Sat, 04 Oct 2008 14:36:01 +0000 Roenblog Misc http://roenbaugh.com/Roenblog2/2008/10/04/presented-without-comment/ Palin Flow

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And the Nay Votes! http://roenbaugh.com/Roenblog2/2008/10/04/388/ http://roenbaugh.com/Roenblog2/2008/10/04/388/#comments Sat, 04 Oct 2008 14:14:56 +0000 Roenblog Misc http://roenbaugh.com/Roenblog2/2008/10/04/388/ The house passed HR 1424 (on the second attempt).  Nice job guys.  I wanted to point out the nays.  BOOOOOO! 

Aderholt
Akin
Altmire
Bachmann
Barrow
Bartlett (MD)
Barton (TX)
Becerra
Bilbray
Bilirakis
Bishop (UT)
Blackburn
Blumenauer
Boyda (KS)
Broun (GA)
Brown-Waite, Ginny
Burgess
Burton (IN)
Butterfield

 


Buyer
Capito
Carney
Carter
Castor
Cazayoux
Chabot
Chandler
Childers
Clay
Conyers
Costello
Courtney
Culberson
Davis (KY)
Davis, David
Davis, Lincoln
Deal (GA)
DeFazio
Delahunt
Diaz-Balart, L.
Gohmert
Goode
Goodlatte
Graves
Green, Gene
Grijalva
Hall (TX)
Hastings (WA)
Hayes
Heller
Hensarling
Herseth Sandlin
Hill
Hinchey
Hodes
Holden
Hulshof
Hunter
Inslee
Issa
Jefferson
Johnson (GA)
Johnson (IL)
Johnson, Sam
Jones (NC)
Jordan
Kagen
Kaptur
Keller
King (IA)
Kingston
Kucinich
Lamborn
Lampson
Latham
LaTourette
Latta
Linder
Lipinski
LoBiondo
Moran (KS)
Murphy, Tim
Musgrave
Napolitano
Neugebauer
Nunes
Paul
Payne
Pearce
Pence
Peterson (MN)
Petri
Pitts
Platts
Poe
Price (GA)
Rehberg
Reichert
Renzi
Rodriguez
Rogers (MI)
Rohrabacher
Roskam
Rothman
Roybal-Allard
Royce
Salazar
Sali
Sánchez, Linda T.
Sanchez, Loretta
Scalise
Scott (VA)
Sensenbrenner
Serrano
Shea-Porter
Sherman
Shimkus

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You all know what I think of Harry Reid http://roenbaugh.com/Roenblog2/2008/10/02/you-all-know-what-i-think-of-harry-reid/ http://roenbaugh.com/Roenblog2/2008/10/02/you-all-know-what-i-think-of-harry-reid/#comments Thu, 02 Oct 2008 20:10:55 +0000 Roenblog Misc http://roenbaugh.com/Roenblog2/2008/10/02/you-all-know-what-i-think-of-harry-reid/ From Dealbreaker.com 

 

Cause:
The Senator from Nevada, last night: “We don’t have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company — a major insurance company — one with a name that everyone knows that’s on the verge of going bankrupt. That’s what this is all about.”

Effect?:

 bfm24FD.gif

 

Met Life, Pru, CDS blows out, and the S&P gets wacked. 

May we suggest, since Congress is in a prevention kind of mood:
AMENDMENT NO. _______
Calendar No. _________
Purpose: To silence Harry Reid during times of crisis, war, when Congress is in session, and such other times as may be deemed necessary and expedient.
IN THE SENATE OF THE UNITED STATES–110th Cong., 2d Sess.
H. R. 3997

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Who Voted No… http://roenbaugh.com/Roenblog2/2008/10/02/who-voted-no/ http://roenbaugh.com/Roenblog2/2008/10/02/who-voted-no/#comments Thu, 02 Oct 2008 19:01:22 +0000 Roenblog Misc http://roenbaugh.com/Roenblog2/2008/10/02/who-voted-no/ Allard (R)
Barasso (R)
Brownback (R)
Bunning (R)
Cantwell (D)
Cochran (R)
Crapo (R)
DeMint (R)
Dole (R)
Dorgan (D)
Enzi (R)
Feingold (D)
Inhofe (R)
Johnson (D)
Landrieu (D)
Nelson (FL) (D)
Roberts (R)
Sanders (I)
Sessions (R)
Shelby (R)
Stabenow (D)
Tester (D)
Vitter (R)
Wicker (R)
Wyden (D)

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