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Articles Archive for February 2009

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[28 Feb 2009 | 9 Comments | ]

Walking to lunch yesterday, I stopped by Daley Plaza to check out the Official Chicago Tea Party, an event organized on Facebook (remember when Obama was the “Facebook” candidate?) to protest the reckless spending plans hatching regularly in Washington.  Inspired by CNBC’s Rick Santelli memorable plea in opponsition to the mortgage bailout, the Tea Party was a quickly put together group taking their protest to the streets of Chicago.
Tony Peraica announced “Now the Chicago Daily Observer is here, the protest can begin” which generously overstates what little organization we (or …

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[28 Feb 2009 | 4 Comments | ]

I live in the Fifth Congressional District and will vote in the special election on Tuesday for Cook County Commissioner Mike Quigley to replace Rahm Emanuel who left Congress to become President Obama’s Chief of Staff.  Even though this primary has been somewhat overshadowed by the Roland Burris situation, a large turnout of voters was never predicted for this race.  And because there are thirteen candidates, this election is a lot like a lottery.  Anyone can win.  No one should be surprised if the winner has somewhere between 15 and …

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[27 Feb 2009 | One Comment | ]

Quinn’s Intended Tax Hike?
There is little doubt that (a) Gov. Pat Quinn will massage the media with dire tales of Illinois red ink…seemingly changing for the worse by the day…that he will be pictured as being “forced”-utterly “forced”-to recommend an income tax hike. While the media’s symphony strings quiver in the background trembling with the notion of the poor who will be turned out in the snow, it is obvious he’s going to ask for it. But now the rumor has started…not by the pro-Quinn media certainly…that (b) he will …

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[27 Feb 2009 | 4 Comments | ]

During a recent visit to California, many people seemed to be engrossed by the spectacle of Nadya Sulman, the narcissistic young woman who underwent in vitro fertilization procedures which resulted in the birth of  octuplets to complement her previous six children. The unmarried and unemployed Sulman has been milking the public for years. First of all, she has nursed a workman’s compensation injury for eight years and been receiving hundreds of dollars per child in subsidies each month from the taxpayers while living in her parents’ home and undergoing multiple …

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[27 Feb 2009 | One Comment | ]

In The Sun Times
“Former Ald. Edward Vrdolyak (10th) was sentenced today to five years probation for fraud after a federal judge called prosecutors “greedy” for seeking 41 months in prison.”
A search on US DOJ Site
No new results since 2007

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[26 Feb 2009 | One Comment | ]

The son of embattled Sen. Roland Burris is a federal tax deadbeat who landed a $75,000-a-year state job under former Gov. Rod Blagojevich five months ago, the Chicago Sun-Times has learned.
Blagojevich’s administration hired Roland W. Burris II as a senior counsel for the state’s housing authority Sept. 10 — about six weeks after the Internal Revenue Service slapped a $34,163 tax lien on Burris II and three weeks after a mortgage company filed a foreclosure suit on his South Side house.
More at the Sun-Times

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[26 Feb 2009 | 3 Comments | ]

This column specializes in crunching numbers and making predictions. For the March 3 Democratic primary in the Northwest side’s 5th congressional district, those crunched numbers are:
620,387: The district’s 2005 population.
345,000 (est.): The district’s registered voters.
124,098: The Democratic turnout in the Feb. 2008 presidential primary.
67,499-52,671: The margin by which Obama beat Clinton.
578: The number of precincts in the district — 486 in Chicago and 92 in the western suburbs.
46,774: The votes that victor Rahm Emanuel got in the 2002 Democratic primary, in a turnout of 92,625.
33,907: The number of votes that …

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[26 Feb 2009 | 2 Comments | ]

Judging from the Presidential election results in New Trier Township, voters were confident enough in Barack Obama and the Democrats to support him by a 63-35 margin. During the election season, I would occasionally mention to my neighbors that Obama has promised to raise taxes on them, which would get a response of “No, he is only going to raise taxes on rich people, not us”, which shows how bewildering the campaign was. Given New Trier Township includes Winnetka, Kenilworth, Wilmette, Glencoe, plus portions of Glenview and Northfield, …

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[25 Feb 2009 | No Comment | ]

Congratulations to the Republican Illinois House leadership for
solving the Democrats’ dilemma. With the latest brouhaha over Roland
Burris’ appearance under oath before the House Impeachment Committee it
would now appear that Burris will probably not run in 2010. Had they
said nothing it would have been difficult to challenge Burris in 2010
and the Kirk Dillard ticket vs. the Quinn Burris ticket would have been
formidable (that’s Mark Kirk for Governor and Kirk Dillard for U.S.
Senator).
I have read the complete testimony of Burris before the House
Committee and there is no …

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[25 Feb 2009 | No Comment | ]

Suspend mark-to-market accounting: Critics say suspending mark-to-market accounting would reward banks for their bad behavior, and send a message that toxic assets are merely “temporarily” depressed vs. permanently damaged. Supporters say it will give the banks “breathing room” to sell those assets at something other than rock-bottom prices. Najarian does believe Secretary Geithner will announce an at least temporary suspension of mark-to-market sometime in 2009, spurring a huge rally in beleaguered bank stocks. (Personally, I think the government should put insolvent banks into receivership; but since it appears that’s not …