Mourdock criticism based on bad info
In a recent letter to the editor, a writer scolds state Treasurer and Senate candidate Richard Mourdock for purchasing Chrysler bonds with state funds in an effort “to make a quick killing.” The letter writer goes on to reprimand Mourdock for “playing ‘Bond Market Speculator’” before chiding, “Isn’t the expected standard for government treasurers that they make only safe investments protecting our tax dollars?” What nonsense.
The letter writer’s main problem is that his entire argument hinges upon the interpretation of Mourdock’s actions offered by the Kokomo Tribune’s perilously liberal “Public Eye” column – a weekly feature that allows space for Scott Smith and Ken de la Bastide to regularly shill for Democratic candidates and causes. It was Smith and de la Bastide who used the phrase “make a quick killing,” not Mourdock. In other words, the credibility of the entire rant is contingent upon the accuracy of the Public Eye. Talk about thin ice.
If the letter writer is really wanting to offer a meaningful critique and explain to the people of Howard County why he thinks investing in Chrysler and its workers was such a foolish and ignorant proposition, he should set aside left-wing political columns and consider that Indiana’s portfolio managers all felt at the time the Chrysler investment was a safe one. In fact, as it turned out, the only thing that imperiled the investment was the Obama administration’s decision to abandon 200 years of debtor law, illegally repaying unsecured creditors (like his union buddies in the UAW) before secured creditors (like the Indiana investments). And the letter writer might note such cronyism had the full-throated endorsement from Mourdock’s Senate opponent, Joe Donnelly.
Though the letter writer impugns Mr. Mourdock’s decision making, the real scrutiny should be focused on Mr. Donnelly’s shameful opportunism. Do we really want a senator who so willingly subverts the rule of law when he sees a political benefit in doing so?
Peter Heck, Kokomo
Mourdock criticism based on bad info
LoBianco: Bigger ethics questions raised in House Turner review
Members of the House Ethics Committee who will take up Rep. Eric Turner’s case face daunting tasks as they try to answer two questions: Did their powerful colleague violate any ethics rules in privately lobbying against a measure that would have hurt his family’s business?
Letters to the Editor: April 18, 2014
Attendees at the Tipton County Board of Commissioners meeting April 7 were treated to an appalling lack of both action and concern by the commissioners.
Letter to the Editor: April 17, 2014
On March 20 of this year I attended a public meeting of the Tipton County Economic Development Alliance. Members of this group include the three county commissioners, a member of the county council, two members from the city council, and the mayor.
Hicks: Measuring the unmeasurable
One aspect of economic research I think is especially powerful is the ability to measure or monetize the things that humans clearly value but for which a market price is not necessarily apparent. This is one of the aspects of economic analysis that gives it such dominance over other social sciences.
House of Burgess: Bush presents 'The Art of Leadership'
On April 5, “The Art of Leadership: A President’s Personal Diplomacy,” opened at the George W. Bush Presidential Library and Museum on the campus of Southern Methodist University. The display, which runs through June 3, boasts “portraits of more than two dozen world leaders” painted by Bush, according to the official literature.
Bohanon: ‘Economics is fun’ in Vegas or in Bible study
I am writing this on an airplane to Las Vegas. I’ll be attending the annual conference of the Association of Private Enterprise Education along with two of my colleagues and six of my students.
Letters to the Editor: April 16, 2014
At the time the agenda for the April 7 commissioner meeting came out, I was happy to see that the neglected commissioner board appointments were finally going to be addressed. These appointments had been in limbo for months on end.
Hayden: Want better teacher ratings? Ask the kids
The state may be back where it started, encumbered with a flawed teacher grading system, a year after implementing what were meant to be tough new standards.
That was the general consensus of the State Board of Education days after teacher evaluation data were released last week.
Letters to the Editor: April 15, 2014
In a recent “public eye” article written by KT columnist Scott Smith about the proposed industrial wind turbine project; mention was made of the “new deal” brokered by Howard County Commissioners with E.ON.
- BRIAN HOWEY: Mike Pence for president in 2016? Stay tuned Mike Pence for president? The swirl of 2016 national ticket talk surrounding Gov. Pence intensified over the past few weeks. I sat down with the governor in his office on Tuesday to find out what he's really thinking. A few hours prior, the Weekly S
- More Opinion Headlines
- LoBianco: Bigger ethics questions raised in House Turner review