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Informing Hawaii's voters

Are Consumers Finally Winning in Washington?

by Congressman Ron Paul (R-TX)

Friday, September 17, 2010

This past week the administration announced its choice for the first credit czar at the new Consumer Financial Protection Bureau. This bureau was created as part of the supposed Wall Street reform bill recently passed by Congress. This new bureau, which represents nothing more than another layer of useless Washington bureaucracy, will be housed within the Federal Reserve-- one of the most anti-consumer institutions in Washington.

The appointee named to run the bureau is an Ivy League professor. By her own admission she is an academic, not a business person. She has very little real world business experience with the highly complex financial instruments she will oversee. The administration has done nothing to refute her characterization by some in the financial press as an anti-business, ivory tower leftist with an aversion to free market principles.

She also admits to being told, or warned, that the big banks always win in Washington - yet she trumpeted the creation of this new agency as a win against those banks. I would caution her against declaring victory too soon.

Outrageously, she has been appointed as a “special advisor” to design and lead the bureau, but the administration has not disclosed the exact length of her term. There will be no Senate confirmation hearings, nor will the public or the financial industry be allowed to comment on her appointment. We simply are expected to accept the appointment of an enormously powerful regulator without question, and without regard to the constitutional requirement that the Senate advise and consent with regard to her appointment. This means you, as a voter and citizen, effectively have no say whatsoever for the duration of her appointment. In the meantime, she has unprecedented new powers over private business decisions.

The truth is that this new bureau is just more of the same ineffective and damaging regulation we typically get from a crisis. Just as the FDA serves big pharmaceutical companies, not patients, and just as the SEC serves Wall Street, not investors, this agency will end up serving the banks. All regulatory agencies eventually become co-opted by the industries they regulate, and they become chiefly concerned with restricting the entry of new competitors and protecting market share for the big players. This new bureau is not likely to straighten out Wall Street, so much as it will instill a false sense of security in the public about banking and investing again.

No bureaucrat, no federal agency, and no ivory tower academic can replace the regulatory powers of the free market. “Caveat emptor” remains the rule for intelligent investors and depositors. Buyers always need to beware, especially when politicians say they have it all under control.

Real reform starts with transparency and an adherence to the rule of law. The administration would do well to adhere to the law, rather than shoving a new economic czar down our throats without congressional involvement. Real reform would mean taking steps toward restoring sound money and getting back to the Constitution. The Constitution does not allow for favors to special interests, or handing out public money to keep private businesses afloat. The Constitution necessitates a small, impartial government that first and foremost, protects liberty, and sees all citizens as equal. It does not recognize a special banking class. The fact that measures to achieve these ends are still quashed tells me that indeed, the banks do still win in Washington.

Tuesday's Honolulu Mayoral Debate

Tuesday night's mayoral forum with candidates Rod Tam, Panos Prevedouros, Peter Carlisle and Kirk Caldwell can be seen online at Hawaii News Now. The winner of the non-partisan office will be decided in Saturday's primary election, not November's general election.

Watch the mayoral forum videos

We Live in Revolutionary Times

says Congressman Ron Paul (R-TX)

Hawaii Board of Education Candidate Forum Summary

Today is the last day for walk-in votes. Saturday is primary election day. For those who are scrambling to cast informed votes, but are running out of time, Henry Curtis has written a synopsis of the Board of Education candidate forum, which was published on Disappeared News.

You'll want to download your ballot first, to be able to immediately focus on what will be on it. After zeroing in on some likely BoE candidates through the following summary, you can watch their portion of the forum on Olelo's website.

If you have the time, though, the best thing is to skip Curtis' article and go directly to the Board of Education candidate forum on Olelo video. It's only 48 minutes long, most informative, and you'll know who to vote for after watching it.

Kim Coco Iwamoto, one of the candidates, is a transgendered male. Unfortunately incumbent Iwamoto, a St. Louis (all boys school) alumnus, avoids spelling out that he pursues a homosexual-friendly agenda in our schools. This is similar to his neglecting to mention that he was not born a female in the 2006 election, leaving the vast majority of voters clueless. Our politically correct mainstream media never mentions important facts like these either.
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Hawai`i Board of Education Candidates Forum

by Henry Curtis

Save Our Schools held a candidate forum for those running for one of the three open seats on the Board of Education.

The Star Advertiser story mentioned the sponsor – Save Our Schools – in paragraph 24 of their story. The story did not mention the moderator Neal Milner. The story said that 40 people turned out. I counted over 90. The paper only included quotes from 7 of the candidates and did not mention by name the other three who were present. No analysis at all. That is why blogs are so necessary.

Each candidate had two minutes to make an opening statement. Then each candidate had two minutes to answer a question they were all given in advance. Then Neal asked 10 questions that were not shown in advance to the candidates, each question was answered by five candidates, on a rotating basis. Starting with candidate one, the first five answered the first question, the next five answered the second question. Then starting with candidate two, candidates two thru six answered one question, then candidates seven thru ten and candidate one answered the next question, And so on. Then questions from the audience were asked.

`Olelo taped the whole event.

The candidates are listed in the order in which they spoke.

Read more . . .

High Fructose Corn Syrup Getting New Name

Consumption of high fructose corn syrup is at a 20-year low. People are staying away from this ubiquitous product in droves, particularly since it may be made from GMO corn. The spin doctors have a solution: rename it "corn sugar" to clear up consumer "confusion."

About 58 percent of Americans say they are concerned that HFCS poses a health risk. The Corn Refiners Association, representing the companies that make the syrup, is petitioning the FDA for the name change so that the public doesn't realize what they're buying. Many food scientists are going along with this plan to bamboozle the public.

Read more . . . [The New York Times]

Links:

High-Fructose Corn Syrup Getting Rebranded as Corn Sugar [Live Science]

Corn Refiners Association

GOP Committee Gets behind Rand Paul with Commericial

The National Republican Senatorial Committee is running its first ad of the election cycle in Kentucky for U.S. Senate candidate Rand Paul, son of Republican Congressman Ron Paul of Texas. First-time political candidate Rand faces Democrat Attorney General Jack Conway, but is doing surprisingly well.


Kentucky, of course, is famous for horse races, especially the Kentucky Derby at Churchill Downs in Louisville. Horses can be seen all over the countryside, and the state leans comfortably Republican, so this 30-second commercial is uniquely suitable for the state. Such a commercial in Hawaii for one of our GOP candidates might initially leave viewers with a somewhat surprised but blank look on their faces.

U.S. Making $60 Billion Arms Deal with Saudi Arabia

Dylan Ratigan takes a closer look at our largest arms deal ever

Christine O'Donnell Triumphs in Delaware

Republican O'Donnell won the primary race for U.S. Senate against fellow Republican Mike Castle, much to the obvious disgust of liberal commentator Keith Olbermann.


Link:

Christine O'Donnell Wins, and the GOP Loses   Liberal TV network CBS reports

Daniel Ellsberg Supports Wikileaks

The public needs to know, says the Pentagon Papers whistleblower

Thursday Last Day for Walk-In Voting

Thursday, September 16 is the last day for walk-in voting. Any registered voter can vote by walk-in, they do not need to have previously applied for an absentee ballot for the Primary. After Thursday voters will only be able to vote on Saturday, September 18 at their designated polling location.

There are three walk-in voting locations on Oahu: Honolulu Hale, the Windward Mall and Kapolei Hale. Voting is open between the hours of 8 a.m. and 4 p.m.

From the Hawaii Office of Elections website:

To Vote Absentee at Walk-in Polling Places

1. Bring proper identification.
2. Absentee walk-in polling places are located at the Offices of the City or County Clerk where you reside. For additional locations and hours of operations, call your City/County Clerk where you reside.

Questions? Contact Us:

* Office of Elections: (808) 453-8683
* City and County of Honolulu: (808) 768-3800
* County of Hawaii: (808) 961-8277
* County of Maui: (808) 270-7749
* County of Kauai: (808) 241-4800
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Link:

Preview the primary election ballot for your location

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