Archive for September, 2008

Two Hispanic Republicans’ Comments on African-Americans Reflect a Cultural Experience Not Prejudice

Tuesday, September 30th, 2008

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Hispanics Are Understandably Sensitive to Their Cultural Image

Two officials in the New Mexico Republican party were removed recently for comments relating to government dependency and Afro-Americans.

Didi Lima, the Clark County GOP communications director, who was a volunteer unpaid advocate, serving as liason for the Hispanic community was critized for saying “We don’t want (Hispanics) to become the new African-American community,” Lima told The Associated Press. “And that’s what the Democratic Party is going to do to them, create more programs and give them handouts, food stamps and checks for this and checks for that. We don’t want that.”  and “I’m very much afraid that the Democratic Party is going to do the same thing that they did with the African-American culture and make them all dependent on the government and we don’t want that,” (as reported in the Las Vegas Sun).

Fernando C. Baca, a county Republican chairman, was asked to leave after saying “Hispanics consider themselves above blacks” and won’t vote for Obama (as reported in the Las Vegas Sun).

On first glance, it might easy to say that these represent prejudiced comments from individuals out of touch with current social realities but it is possible that they may in fact represent something else.  The Pew Hispanic Center recently published a study that showed that at least 50% of Hispanics in the United States feel insecure in America.  They have seen both Democrats and Republicans build a fence on the southern border of the United States ostensibly at least in part to protect against terrorism while nothing has been done to make entry of terrorists from Canada ( three of the 9/11 terroists walked across the Canadian border). Barack Obama advocates that they should always carry an official identification and undergo a mandatory screening whenever they apply for work.  The candidate who received the vast majority of the Hispanic vote was ridiculed publicly by Barack Obama in his now infamous “Annie Oakley” speech and in many states recent changes in caucus rules of which many Hispanics were unaware resulted in popular votes for Hillary Clinton being rendered invalid. To many Hispanics caucuses may seem less Democratic than open elections. They have memories of living in countries where secret meetings are held and then fake elections to “legitimize” the selection.

Republican extremists have wrongly convinced the American public that the country is swarming with illegal aliens from Latin America who are stealing jobs, killing innocent citizens, sucking the welfare funds dry, and perhaps even planning to turn the United States into Mexico. Official government statistics tell a different story that Hispanics commit less crimes than other groups and contribute much more in taxes than in benefits they receive.It is no surprise that Hispanics would be on the defensive about these claims. Barack Obama has given out mixed messages on these issues. Barack Obama told the New York Times his main goal with Hispanics was to communicate with them on Spanish speaking television as if none of us speak English. He further contributed to a cultural divide in the United States when he suggested that all Americans will have to learn Spanish (a message that a Hispanic take over is coming).

Undocumented workers in Maryland, Florida, Texas, California, Chicago and else where are increasingly becoming the target of violent crime. Their fear of putting money in banks has become well known in the criminal community so that they are increasingly become the target of home invasions and street muggings by street gangs. Obama’s admittedly soft attitude on the use of drugs and his wanting to decriminalize prosecution of drug dealers as described in his book,  The Audacity of Hope, smacks directly against Hispanics who have seen Mexico, Columbia and other countries consumed by the drug trade.

The growth of the Hispanic community in many of America’s cities has meant that in local elections Hispanic candidates are more and more being put against candidates of other ethnic groups in traditional neighborhoods.  In addition, one of the hallmarks of the growing Hispanic presence is their propensity to develop small businesses.  The key to Hispanic success in the United States was recently revealed in part to be due to the amount of symbiotic networking that occurs between native born Hispanics and immigrants.  This inherent advancement by enterprise strategy which has been the key to success for Hispanics is threatened by government dependency.  The majority of Hispanic immigrants come from a socialist country, Mexico. In Mexico, Hispanics have experienced the dismal failure of a birth to death welfare state exuding corruption, monopoly, and lack of economic mobility in the classes. They understand perhaps better than anyone the damage this type of government can bring.

The statements made by these individuals were inappropriate for anyone in a public position. They could be interpreted to be reflections of personal prejudice but they also could be interpreted to be a warning based upon a cultural experience of how government can have a very negative influence.  They have lived in countries where soldiers come to your house to force you to vote in fake elections, labor unions take large amounts of your wages and give them to cronies, and housing or food is rationed by government decree.  When they come to the United States and see public housing in the ghettos and food stamps it is a reminder of what they tried to leave. It is not a criticism of African-Americans but rather a complaint of what America has done to them and a hope that the fate of Hispanics will not be the same.

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Congress Henry Cuellar (D-Texas) Votes for the Valley Against the Bail Out

Monday, September 29th, 2008

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Today we spoke with the office of Congressman Henry Cuellar (D-Texas) and congratulated him on a very important decision for the Rio Grande Valley. He had this to say about why he voted against the Wall Street bailout-

Today I voted against H.R. 3997 because I believe that to ensure we have a healthy economy, the country needs a broad-based economic recovery plan.  We need to take action to restore confidence in the U.S. economy, but not on the backs of the taxpayers.

 ”I’ve received many calls and emails from constituents across my district with the overwhelming majority opposing this bailout.  Furthermore, I spoke directly with business and finance industry leaders from all corners of my district and the consensus was that there are too many unanswered questions to undertake such a sweeping measure at this time.

 ”We still have major issues with the price of gasoline and diesel, the value of the dollar and families affected by losing their homes. This is why I voted in favor of two economic stimulus packages.

 ”I am very concerned about the economy and the global perception of our economy, and I believe that we need to grow our way to a healthier economy by creating jobs, increasing trade and improving our fundamentals. I look forward to working with my colleagues in a bipartisan manner to improve this legislation to reflect the concerns of the American people.”

The majority of the Congress acted for the good of the nation and in respect for the will of the people averting a terrible plan. Thank you, Congressman Cuellar.

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America Must Stop Confusing Financial Services with Productivity

Monday, September 29th, 2008

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What is happening to America? Since World War II we used to lead the world in economic production, productivity, innovation, and most importantly the will to succeed.  We reached for the moon as proof that our boundaries in achievement were limitless.  Yet today the keyword for our society may well be that it has limits if we give in to a new prevailing mantra sweeping the country.

In college freshman economics class you learn that the economy of a nation is driven not by finance or infrastructure although these are a necessary foundation but by production of wealth.   The economies of India and China will soon overtake that of the United States.  Even though global warming and energy conservation may be useful charities they will not provide for a robust economic growth.  Western Europe is utilizing nuclear power plants and wind power and yet they have a growing dependence on Russian petroleum because realistically battery technology for automobiles is not yet safe or economical.  We cannot regain our economic power by doing only green industries. Despite the best of intentions we cannot will the progress of technology to go any faster than what is is now.

If we let our economic power and industrial capacity shrink we will have to shrink as well in our advocacy for what is right in the world.There are those that think we can negotiate with the rising powers of China, Russia, and others for fairness as we see it just by being cordial.  They have abandoned the most common dictum of human history that nations will always act in their most selfish interest at the most disadvantage to others.

Our first and most immediate priority is to rebuild the wealth of this great nation.  The first source of any nation’s wealth is the efficient use of her natural resources. A massive program to build equipment for petroleum and other energy sources will give real jobs and produce wealth.  In addition to the energy industry, we have to identify other strategic industries where we can produce high quality competitively priced goods to drive up our economy.  Certainly where ever infrastructure needs to be improved than that should be a part of this strategic development but a blanket approach to all infrastructure blindly will not give us the growth rates we need. Measures to improve quality of life such as housing construction are not in themselves going to improve upon our overall economic competitiveness.  Just giving jobs for jobs sake without an overall plan to improve our national economic vitality will not move us forward. Imagine what would have happened if all that mortgage money had been spent building offshore oil rigs, nuclear power plants, technical schools, or other things that would have increased our productivity.

The Wall Street debacle occurred because of the false promise that production of wealth could be done by passing on credit.  Financial services should be the framework that builds production but not an end to itself. We can never again focus the majority our precious financial reserves into residential real estate because it is a false indicator of national wealth.  For years venture capitalists, bridge loaners, IPO agents, and the security industry just to name a few have been ardently endeavored in quick turn around scams based on speculative false assurances of future capital appreciation in not only real estate but in the medical, defense, automotive, and many other industries. Some how financial experts became technical experts on what was hot and was not?

Most new start-up companies follow the pattern of very short term venture capitalists funding initial concerns with extreme control and return on investments warranties followed by round after round of secondary investors all of whom are concerned with making a quick profit when the fledgling company is acquired rather than for any long term gain.  Often times this hampers the necessary refinement of product development so that what is often offered for acquisition turns out be a shadow rather than a tangible asset.We have to look at industrial production as the center of our economy not Wall Street.

This strategic industrial buildup must take priority over additional burdensome social program growth. Because without this industrial growth there will no funding for any type of social programs. The recent incursion of Russia into Georgia shows us that the North American Treaty Organization is basically dying. Realistically now that Europe is dependent on Russian oil it is unlikely that any European nation will do anything to stop Russian expansion into the old Soviet territories.  It is great to try to seek alliances and give diplomacy its due but the reality is that the United States is going to become increasing alone in the future. No other country really believes the United States will go to war to protect another country under the likely future Democratic President. This explains why Israel is now making major political moves to the right in its government and most Israel leaders when asked in private do not believe the United States will really do much for them if they are attacked by Iran or others by the likely new Democratic President.

We must really understand what it means to be economically competitive. Paying our workers higher wages must be consistent with them being more educated, more productive, and more adaptive than those in foreign industry. The penalties for earnings by dividend need to be removed and private corporate stock valuations for dividends need to return as a major interest in investment rather than just relatively short term appreciation. The corporate model of economic productivity remains the most viable instrument for production of wealth but we need to place checks, balances, and transparency on its governance.

The CATO Institute believes the Wall Street bailout plan in its final form as created by Speaker Nancy Pelosi and Senator Harry Reid will lead to even further foreign consumption of American credits and assets.  The increases in capital gains taxes and generally unfavorable business environment will they believe lead to even greater development of industry outside of the United States rather than domestically. The new Democratic administration has sucked the wind out of industrial development by rewarding poor choices of greedy executives and unqualified poorly motivated homeowners who make up 5 to 10% percent of all mortgages with a bailout by 90% of responsible taxpayers. In fact, Speaker Pelosi has indicated that she wants to expand upon provisos of the Community Reinvestment Act of 1977 putting perhaps up 20% of any profitable proceeds should in the unlikely event that there are any from this bailout to once again funding otherwise unqualified buyers so the process of under capitalized mortgages will likely be repeated.

American financial resources must be directed efficaciously primarily to her economic productivity or the bail out will be a failure. Consumer life-style credit and mortgage debt should never again be the major part of our financial investments. The best “economists” in our society, the small business owners, rarely have more debt in their house, car, and personal credit cards than they invest in their business.

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