Jul 30, 2009
Fodder to the Fire
Apparantly, Congress hasn't received the same message as they continue to ramrod bad policy down our throats (despite the endorsement from the once-liked, now evil Blue Dog's - I turn on a dime).
Having seen NOTHING of the plan, I can guarantee (compliance officer be darned) that the plan if passed will consist of the following: 1) Cost savings/ tax savings will be aired but will never be quantified 2) The quality of medical care will decrease 3) Other social welfare programs will suffer due to the limited supply of money to run the programs (reminded of Billy Preston's voice stating 'Nothin from Nothin leaves Nothin').
It perplexes me (not really, I understand he is grandstanding to gain all the popularity he can while his approval rating is the highest) why our President is deciding to 'Hang His Hat' on this agenda despite ALL of the other issues surrounding our country.
For example, ummm, our stock market almost imploded, our currency is being traded at the lowest level in its history, the Chinese are hinting that they don't like the way in which we are treating their $800 billion in treasuries (I don't blame them), North Korea isn't listening to the Clintons, Israel is getting ready to blow-up Iran, bank failures are rising, banks aren't lending to other banks, unemployment will certainly reach 10% by year end, BUT..... its domestic health care that's the most important and pressing issue for Congress before they take a month off in August????
I suppose I can take solace in the fact that the Twins swept the White-Sox at home, the Vikings signed an OU right tackle, and the Dodgers are in first place. How could life be any better?
Grace & Peace
PLW
Jul 28, 2009
Blue Dog Democrats
Apparently, these are fiscally responsible Democrats banding together to make sure laws enacted by a Democratically controlled Congress are either fiscally sound or follow the President's mandate of revenue neutral (WSJ Article).
This idea gives me pause: At what point in the election of representative lawmakers did these same statesmen decide that bad law is ok despite the ability to pay for it? Am I naive in thinking that this has always been the case?
This reminds me of an incident while working at Brooks Brothers during college. A famous (to remain unnamed) Rep. MN Representative visited the store and purchased a custom-made suit (rough cost: $2000).
A month later, when receiving the bill, he returned the suit and said, 'it just didn't fit right' (i.e. he didn't want to pay for it even though he used the suit for official campaign functions throughout the month and was seen in the newspaper, on TV, etc.). (NOTE: it also meant a charge-back, much to the dismay of one college employee, of commissions for the return of the suit)
It then struck me: Lawmakers want all of the press and the glamour of creating law simply for publicity and getting something passed.
But when it comes to paying for it (budget cuts, program cuts, increased taxes), they disappear and are nowhere to be found. The taxpayers, those who elected the officials, are the ones who pay for it. Nancy Pelosi's statements referenced in this article are representative of this opinion.
It's not unlike a conversation with a 10 year old:
Dad: Did you finish cleaning the car?
Son: Yes
Dad: Did you clean out the front seat and vacuum?
Son: You didn't tell me to clean out the front seat and vacuum.
Dad: Did I tell you to clean the car?
Son: Yes
Dad: Clean implies that it is not dirty.
Son: Ok
(Repeat 5 times)
It seems obvious to me that bad law is more costly than enacting the proper laws even if it takes longer to get them done. The House is trying to pass a Health Care reform package too hastily just to say that they have got it done, despite its obvious flaws.
How about something different? Why not work together to make law that is constitutionally sound, fiscally responsible or cost saving, and socially beneficial? Corporations continue to strive to fine-tune their products and services, resulting in better products for less money. Why can't the biggest employer in the nation do the same?
Grace & Peace
PLW
Jul 27, 2009
Weekend Mutterings
Some friends and I went to a drive-in movie theatre on Friday. We watched a triple feature (of which I only stayed for the double): Ice Age-Age of the Dinosaurs, Harry Potter and the Half-Blood Prince, and Hangover.
We tailgated, had some brats and hotdogs, threw the football around, and really had a blast with the kids and friends. I highly recommend it but make sure you can get there early and make sure they allow you to bring in grills, your own food, etc.
Other events included cruising on Lake Minnetonka all morning and afternoon with some co-workers of Heidi's. I must admit, it is a very relaxing endeavor but I think if I were to do it, the cost of ownership, the slip, the transportation and upkeep of the boat would 'sink' me.
Saturday evening we had dinner with my brother and sister in-law, Scott & Jen, which included roast beef, steak, mashed potatoes, and corn! Yummy. Only thing disappointing about the evening was getting killed by Scott in Yatzee...
Sunday, our new pastor arrived from Portland and it was great to finally see him after a year-long pastoral search.
Much to be thankful for, including good friends like yourselves...
Grace & Peace
PLW
Jul 25, 2009
Mayor Elect?
Grace & Peace
PLW
Jul 24, 2009
Baseball History

- There have only been 18 (including this one) perfect games in the history of baseball
- Mark Buehrle pitched for a total of only 32 minutes
- This is Mark's second no-hitter, the first coming in 2007 against the Texas Rangers
- Dewayne Wise was inserted in the 9th inning for his defensive prowess in center field and robbed Gabe Kapler of a sure home run
- Box Score: 116 pitches, 76 for strikes - 6 strike outs and no walks (obviously)
- On July 12th, Buehrle gave up eight runs and 10 hits in 3 1/3 innings, his shortest outing of the season, against the Twins who won 13-7 (I was at the game)
- The Tampa Bay Rays on-base percentage is .350, the fourth highest in the Majors this year and the second highest in history to have a perfect game thrown against
So, good stuff - I dislike the WhiteSox primarily because they are naggingly good and because of AJ's hair color, but I have to give it up for Mark - an amazing accomplishment...
Jul 23, 2009
Obama on Health Care
In the 1930's, following the Great Depression, we had a number of people speaking out against the evils of capitalism and greed and reform was needed (and rightly so) in a number of different areas.
Today, headlines appear regarding Medicare, Medicaid fraud. According to a WSJ article, nearly 60 billion dollars a year are lost to fraud in these two programs.
It would seem sensible that before the government decides to 'fix' the private sector, maybe they should look closely at the plank in their own eye and make sure the programs that they are responsible for and ones that we pay for are working correctly.
President Obama was on tv last night talking about the $1million surtax to pay for health care. However, the current legislation before congress puts the brunt of the $1 trillion dollar cost of health care for those earning over $350,000.
So, the small employers (I am assuming that people making over $350,000 per year are your small to mid-sized businesses) that already pay 1/2 of those costs per employee already are now going to be dinged again every April? I think I'll try to earn $340,000...;)
Grace & Peace
PLW
Jul 21, 2009
Ace Hoops
Here is their blog . It was fun to follow their journey from start to finish, to see how God works out even the smallest of details in ways we typically don't expect, and the impact that He wants to have in our lives if we simply let Him.
I'm looking forward to seeing some pictures, Tim!
Grace & Peace
PLW
PS: My team shared 3rd place in their first-ever 3v3 B-ball tourney (mostly by the effort of others, though, and not me ;))
Jul 20, 2009
Weekend Notes



Much like Tom Watson, what could have been is now a distant memory and football season is being thrust upon us (yes, both boys are scheduled for football in August)...
Grace & Peace
Jul 17, 2009
Experts Tell Congress to Lay Off the Fed
History lesson:
The Federal Reserve Board was established by an Act of Congress and signed into law by President Wilson in 1913. Since then, the powers of the Fed have increased and broadened through many Acts since that time.
Its charge is to implement monetary policy through a central bank. It does this through its control over the federal funds rate—the rate at which depository institutions trade balances at the Federal Reserve (which at this point in history, is at its lowest level - near zero).
It exercises this control by influencing the demand for and supply of these balances through the following means:
- Open market operations—the purchase or sale of securities, primarily
U.S. Treasury securities, in the open market to influence the level of balances that depository institutions hold at the Federal Reserve Banks - Reserve requirements—requirements regarding the percentage of certain deposits that depository institutions must hold in reserve in the form of cash or in an account at a Federal Reserve Bank
Contractual clearing balances—an amount that a depository institution agrees to hold at its Federal Reserve Bank in addition to any required reserve balance - Discount window lending—extensions of credit to depository institutions made through the primary, secondary, or seasonal lending programs
How will they change? What is the function that they failed at? Was it their lack of oversight of the financial institutions that were lending money like banshees to anyone that had a pulse? Is this the job of the Federal Reserve, or to other agencies?
This is something I'll be watching with great interest as it's effects are far-reaching...
Grace & Peace
PLW
Jul 16, 2009
Tom Watson!?!
For those of you under the age of 30, he is perhaps one of the purest iron players to play the game and is a five-time British Open Champion, winning his second Open in 1977 at Turnberry, where the Open is being played today.
Here is a clip from that win 32 years earlier against Jack Nicklaus ('The Duel Under the Sun'). Check out Jack's up and down for birdie on 18 and then Tom's gut-check 3 foot birdie to win!
One of the reasons I love golf is that you can play it for a long time and as long as you don't get too upset at yourself, it can be very therapeutic. Especially for us Minnesotans who endure 9- months of the year inside to avoid frostbite...
PLW
Jul 15, 2009
Lorraine Sheppard (Jacobson)

Here is the obituary in the Star Tribune.
Grace & Peace
PLW
Jul 13, 2009
I Thought We Were Supposed to Go After the Bad Guys?
What do you expect? First of all, this was the first time since Pearl Harbor and (correct me if I am wrong) the first ever attack on our domestic soil since the Revolutionary War. It HAD be met with some harsh pay-back, which is one of the reasons we have been fighting a losing battle in Iraq since 9/11.
Secondly, with all of the issues we are facing as a nation today, who cares? Does Congress need to spend time and resources on this when we are printing money like its going out of style, local municipalities and states are faced with massive short-falls, and banks are failing left and right?
I am not condoning illegality in any way, but to go after President Bush today when Congress and the Speaker of the House had knowledge of the activity (albeit limited knowledge) is costly primarily to the intelligence community as well as taxpayers, who need our legislators to work on domestic issues.
To be finger-pointing and throwing people under the bus when our nation is in the most severe recession since the Great Depression is, well, depressing.
Grace & Peace
PLW
Jul 11, 2009
And Now for Something Completely Different...
Grace & Peace
PLW
Jul 10, 2009
Regulation, Regulation, Regulation
The above link is an article on some intense lobbying efforts going on at our nation's capital. The issue has to deal with the 'unregulated' hedging and derivative industry.
I understand the need to regulate, but there needs to be a middle ground so that markets are able to work freely and correctly to support the business needs of the consumer.
For example, take the airline industry. Airlines, as this article points out, use hedging for their gasoline contracts. Airlines purchase large contracts of gasoline and then buy hedges to protect against a sudden increase or decrease in the cost. Obviously, an increase in the price of gas will ultimately benefit the airlines who have long-term contracts with cheaper gas. However, decreases in the price of gas with their long-term pricing in place could hurt them from a competitive pricing standpoint.
What is yet to be determined, and why so many companies (and not necessarily Wall Street hedge fund managers) are concerned about is the depth and severity of the regulation.
Certainly you could argue that Wall Street's (or more aptly certain individuals) greed took advantage of an open regulatory environment (much like the bank's loose lending standards) to increase the volatility and speculation in the commodities, futures, and securities markets in 2007 and 2008 (hence the temporary restriction of short selling in 2008).
I hope and pray that our legislators will be wise in their pursuit of control with an eye towards free markets...
Grace & Peace
PLW
Jul 9, 2009
Fantastic Quote
Be courageous. I have seen many depressions in business.
Always America has emerged from these stronger and more prosperous. Be brave as your fathers before you. Have faith! Go forward!
Grace & Peace
PLW
Jul 7, 2009
Encouragement, Support & Love
My thoughts and actions are to love, encourage, and support by spending time with them, but sometimes the locale and surroundings that we hang out at don't really allow me the chance to: 1) be a good example for them, and 2) point them to a relationship with Christ.
Certainly, going to a restaurant or bar on a Friday night isn't an issue in an of itself. However, in the course of drinks and a 'let down' of the guard, are these really the events that my friends will remember? Or is it the phone calls, emails and the ongoing relationship that is cherished and highly regarded?
Certainly, it was Jesus who hung out with the tax collectors and the prostitutes and stated that 'it isn't the healthy that need a doctor, but the sick'.
What's the best way to let people know about Christ in a way that is accepting, encouraging, and loving versus something that, through lack of participation, may appear to be condescending?
Just something to think about...
Grace & Peace
PLW
Jul 6, 2009
Fourth Sentiments
Friday was filled with work at our in-laws, mowing lawn, gardening, and helping my brother-in-law with moving some cabinets to Grandma Miller's.
Saturday, the kids and I started a nail-biting game of Monopoly in the morning, while eating breakfast and watching the movie Searching for Bobby Fischer for the second time.
One of my favorite quotes from the movie: 'You've lost. You just don't know it yet...'
Hunter immediately, then, took out the chess board and in moves reminiscent of Bobby, destroyed Heidi (I should mention that Jalen also beat me in Monopoly mostly due to his string of luck on me landing on his railroads...I couldn't keep up with the payments).
Saturday afternoon was spent at the pool and at the lake with friends eating smores, taking boat rides and watching fireworks.
Sunday after church, my friend Donny took the boys and I to the Twins game, where Blackburn threw a complete game 7 hitter but gave up only 2 runs in the 9th in a nice victory over the Detroit Tigers, putting us only 2 games back in the AL Central. A great game, seeing Morneau hit another blast and honoring our nations veterans throughout the game.
Sunday evening I played a lot of basketball and had fun with the fellas.
Grace & Peace
PLW