Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts

Monday, December 19, 2011

LP Monday Message: Announcing New E.D., Carla Howell

Dear Friend of Liberty,
 
It has been a pleasure serving as your Executive Director for the past 2 1/2 years. I feel like we've accomplished a lot over this time, and I thank you all for your support of the LP.
 
However, in September I gave 90 days notice that I was leaving the job of Executive Director at the national headquarters in Washington, D.C. at the end of the year because I'm getting married and moving back home to Louisiana.
 
And now, I am delighted to announce, LNC Chair Mark Hinkle hired long-time Libertarian activist Carla Howell to serve as your new Executive Director.
 
Ms. Howell has an impressive resume of political and business experience.
 
Political:
 
o   308,860 votes - 12% of the vote - as Libertarian U.S. Senate candidate against Ted Kennedy and a Republican candidate in 2000. The highest % in party's history for a Libertarian U.S. Senate candidate in a 3-way race (against both a Republican and Democrat). Her campaign raised over $821,000 for that race-an amount unheard of for most Libertarian campaigns.
o   Two-term Massachusetts Libertarian Party State Chair (1997-1999)
o   Organized and ran the most successful regional Libertarian Presidential campaign fund-raiser in party history (Harry Browne, 1996); filled Faneuil Hall and Parker House to capacity in Boston (where John Kennedy announced his 1960 presidential campaign).
o   Successfully fund-raised for and ran 5 Libertarian candidate statewide petition drives in 1998, 2000, and 2002 with 100% success rate in making ballot.
o   Organized and managed two statewide libertarian ballot initiatives to End the Income Tax in Massachusetts in 2002 and 2008. Endorsements from Wall Street Journal, Steve Forbes and National Taxpayers Union. Almost one million votes each time.
o   Featured stand-alone guest on O'Reilly Factor, Neil Cavuto, Glenn Beck, and Fox Business News Happy Hour as well as hundreds of TV interviews and debates during the last 12 years.
o   Covered by Wall Street Journal, New York Times, LA Times, The Economist, and USA Today.
o   Co-founded Center For Small Government which advocates for specific proposals to shrink Big Government.
o   Spearheaded 2010 statewide ballot initiative to roll back the sales tax garnering 966,973 votes - in liberal Massachusetts!
o   Ran against Presidential candidate Mitt Romney for governor in 2002.
 
Business:

MBA 1985, Marketing and Entrepreneurship, Babson College, Wellesley, Massachusetts
Twenty years experience in product/project management, marketing, and software development
 
I am especially pleased that we have found someone with such an impressive background to continue working to build the Libertarian Party and reduce the size of government.
 
I am most impressed by the fact that Carla Howell ran the most successful campaign for U.S. Senate in the history of the LP, and that she got an initiative to end the income tax on the ballot in Massachusetts which almost won with 45% of the vote! Wow!
 
Join me in welcoming Carla Howell to the Libertarian Party national headquarters. Carla can be reached at carla.howell@lp.org.
 
Finally, I want to send out one last LP Monday Message thank you to all of the Libertarian Party activists, donors, candidates and supporters like you. You make the LP what it is.
 
Sincerely,
 
Wes Benedict
Executive Director
Libertarian National Committee
 
P.S.  If you have not already done so, please join the Libertarian Party. We are the only political party dedicated to free markets, civil liberties, and peace. You can also renew your membership. Or, you can make a contribution separate from membership.

Monday, October 10, 2011

ICYMI: The Solyndra Economy

Excerpts from The Wall Street Journal

Editorial
Monday, October 10, 2011

“The more we learn about the Solyndra solar-company debacle, the more the Obama Administration leaps to defend the $535 million loan guarantee. "There were going to be some companies that did not work out; Solyndra was one of them," President Obama told reporters Thursday …

“And there you have America's Solyndra economy, as the White House understands it: Washington allocates capital, and taxpayers pick up the tab if those choices go bust …

“As it happens, we're getting a look at what this world of political investment entails thanks to Administration emails released last week by House Democrats on the Subcommittee on Oversight and Investigations and the White House. Democrats say the emails reveal a ‘vigorous internal debate’ about the Solyndra deal and dispel accusations of crony capitalism.

“The opposite is closer to reality. Solyndra received federal help in 2009 and never turned a profit. In March 2010, PriceWaterhouseCoopers raised questions about the company's solvency …

“Insiders raised alarms, too. Obama donor and venture capitalist Steve Westly wrote to senior White House aide Valerie Jarrett in May and said ‘many of us believe the company's cost structure will make it difficult for them to survive long term’ …

“Here's more ‘reality.’ On August 20, 2009, a DOE staffer asked ‘how can we advance a project . . . that generates a working capital shortfall of $50 [million] when working capital assumptions are entered into the model?,’ adding ‘it also simply won't stand up to review by oversight bodies.’ Solyndra's federal loan guarantee closed the following month.

“Then there are the still-hazy insider dealings, another inevitable feature of government-led investment. An Obama fundraiser, Steven Spinner, took an advisory role at DOE and pushed for the loan to proceed, even as his wife's law firm advised on the same deal …

“The emerging sophisticated defense of Solyndra is Mr. Obama's suggestion that if China subsidizes its industries "of the future," then we must too. But in a free-market economy, which America used to be, private investors decide which industries will succeed in the future, and bet their own money on it. The proper role for government is to support basic research, not commercial ventures that become exercises in taxpayer risk but private reward.

“When government takes $535 million and invests in a loser, it not only wastes taxpayer money but it also denies that capital to some other project in the private economy that might have succeeded. The Solyndra emails show how ill-equipped government is to predict the industries of the present, much less the future.”

Click Here To Read The Full Editorial: http://on.wsj.com/mUthc4

Source: RNC