Live Blogging “Money & Politics Delaware”
First half Dace with his Greg Sommerville in the first half hour talking stock markets. “Markets will be down 10% for the year.” So this guy predicted that stock would go down and Dace is treating him like an oracle.
“We need a 20% drop…a real purge to set the bottom of the market. The Fed is not allowing the free market to work and the purge to happen. The actions are not victimless and are rewarding bad behavior.”
This guy is actually pretty sharp.
10:25 – Dace trying to defend government intervention now. “Is it less expensive to do the bail out than to subsidize the failed?”
Sommerville: Stock Pick Geron. Ticker symbol GERN Better bet…Energy Conversion Devices. Stock symbol: ENER a solar stock.
REMINDER: The WILM stream is working.
Dace having trouble with the word “curmudgeon.” Tom is getting Forbes magazine advertising money. He’s been offered to it anyway. Dace is still trying to understand blogs.
Dave was chair of the SCGOP for ten minutes. OMG it is a Dave love fest. He wants to privatize and break DelDot into three peices. Whoopie!!! Tom is too much of a gentleman to come out and say that Burris is all wet.
Q: Why does Dace have to spend 5-7 minutes every show trying to educate his audience about what blogs are?
Shirley Vandever sounds good. But where were these libertarian republicans when George Bush was going nuts?
WHOA. Delawareliberal getting some props from Tom. They are talking about the IRSD story. I missed whatever happened yesterday.
Now the class action story. I’ll have to blog on that today.
GREAT JOB Tom and Shirley. Very informative. (Tom stay close to the mike. You faded in and out.) Now I have some outside football playing to do so Ciao!
I bought ENER in ’03 for $ 8/share…sold it for $55/share in ’06.
Another one to watch (buy) is ESLR (Evergreen Solar). I bought it for $1/share in late ’02….sold it for about $15/share when it temporarily peaked a couple of years ago.
Both are still good buys, especially ENER.
“He wants to privatize and break DelDot into three peices.”
Not true. No one said anything about privatization. Just break up DelDot and assign everything but state roads to the counties.
I actually spoke with Tom about it, given his background, and he gave me some really good background on this kind of idea.
Let’s see, we want to centralize the school districts to save money but it’s a good idea to decentralize DelDot to save money.
This reminds me of the reorganization my company went through every time we were acquired by a new conglomerate. When Heublein acquired KFC everything that had been centralized was decentralized. Then along came RJReynolds and we centralized everything. Then Pepsico decided it should be decentralized. I have no idea what they are doing these days.
Our comptroller had a great sense of humor and he kept a 4-drawer filing cabinet in his office. The top two drawers were for running the company on the centralized scheme and the bottom two were for decentralized management. He said he never had to change anything that way; he just used whatever drawers reflected the appropriate philosophy.
I used to subscribe to Sam Walton’s philosophy of Management By Walking Around. This goes way back to the days before Wal-Mart became a subsidiary of the the Chinese Government and old Sam would only sell American Made Goods. Anyway, he used to drive around in his pick-up truck to the stores and where he saw people performing a task well he left them alone. If they were messing up he rolled up his sleeves and pitched in to help. It seemed to work. Of course it meant that he couldn’t just sit in his office and think big thoughts, but he knew his business.
Thanks for listening. This was first time for me, and I was nervous as all get-out. I was thrown by the privitazation question….was not prepared for that one.
I should do better if there is a next time…all that equipment is intimidating, even for a geek.
P.S. TommyWonk is the coolest ! We may differ politically, but me and the old man could hang with him any day.
The show was excellent Shirley and Tom!
Shirley you did great, like it was old hat. I couldnt figure out why Tommy Wonk made the comment about Mat Marshall’s picture being larger than candidate Karen Hartley-Nagle? The article was about Mat, it was appropriate to make Mat’s picture larger. I thought the article was great.
Rebecca – Do you have a point?
And are you really comparing a wasteful, bloated, inefficient government bureaucracy to a publicly-traded company?
Liz –
The story is going to be about Mat for a while and that is okay. Karen will continue to get something out of that and her talking points have been pretty good.
She needs to start getting the fact that Castle sucks into the mix and wrapping up her praise of Mat with the fact that it is all about getting better represntation for Delaware in Congress.
Thanks folks, for listening in.
For the record, privatization came up regarding New Jersey highways, and has nothing to do with Dave’s DelDOT idea. Even though Dace likes his guests to come prepared, he still enjoys bringing up an unexpected topic to liven things up.
Shirley, who is pretty cool herself, did a great job for her first time in front of a microphone. It was fun to meet her and her old man.
My Point Dave
is that it’s real easy to sit on our whoo-whoos and opine about how things ought to be done, but a little knowledge of the work and how it is acomplished might just help.
I’ve been watching Jack Markell during this campaign and he’s been doing Walking Around Management. Every time he meets a State employee he asks what they do, how they do it, and how they could do it better. It’s not a campaign trick, he really listens and remembers.
And what exactly has he been doing for the last 10 years while our government has been run into the ground?
I mean besides carefully calculating every move’s political implications, failing to criticize the Governor at any point and watching the state debt double on his watch….
He’s a pure political animal, not a change agent.
“it’s real easy to sit on our whoo-whoos and opine about how things ought to be done, but a little knowledge of the work and how it is acomplished might just help.”
And are you suggesting that I don’t know how our state government — the state government I’ve been around since I was 2 — works?
As a registered lobbysist, I’m sure you know exactly how it works.
Hey Dave,
I know a party that is looking for a candidate for Governor. Maybe you could convince them of your expertise.
I don’t need to convince them. They asked me to consider running a long time ago.
However, unlike your corporate millionaire and your career bureaucrat, I don’t have a taxpayer-funded job to pay me to run for Governor, and I have a family to feed.
But that’s not going to stop me from trying to make the state better.
“As a registered lobbysist, I’m sure you know exactly how it works.”
You got me there, J. Strong, strong argument.
Okay then.
No, seriously, I bow down to your wit and wisdom.
I know. I get it. Apology accepted.
I need to know how I can make it back into your good graces after the enormous mistake of complying with the law by registering as a lobbyist.
Cinchey.
Tell Copeland to come clean and shock the world.