While Michael Bennet was busy bungling the pension fund investments for Denver Public Schools, environmental groups and green energy companies were spending their time on an investment with a greater Return on Investment (ROI): a large legislative majority for allied Democrats.
And now they’re cashing in, screwing over rural Colorado electric rate payers, says a hard hitting new editorial from The Pueblo Chieftain:
A late bill introduced into the Colorado Senate could send electric power rates skyrocketing for rural residents and businesses.
Senate Bill 252 would create a renewable energy standard of 25 percent by 2020 for Tri-State Generation and Transmission customers, which include San Isabel, San Luis Valley and Southeast Colorado Power electric co-ops. Right now distribution cooperatives have a 10 percent standard by 2020 that was put in place in 1997, with the support of co-ops.
But now this more than doubling of renewable energy capacity would force Tri-State to comply with a Colorado-only standard, which could be unachievable. This would cost Tri-State billions of dollars to reach.
…Of course, the end users would have to foot the bill. This is a direct assault on rural Colorado.
This legislation had no input from rural constituencies. It was written behind closed doors with the environmental special interests.
The editorial goes on to call out Sen. Angela Giron and Rep. Ed Vigil, both Democrat sponsors of the legislation, and asks them to pull their support. Giron and The Chieftain have been brawling ever since she threw her support behind gun control legislation widely loathed by The Chieftain and its readers. This bill will only add (fossil) fuel to the fire.
Call it an example of watch what they do, not what they say. While Democrats were busy organizing the logistics of their oddly-timed jobs package press conference, Republicans were busy actually passing legislation to help Colorado’s workers.
House Bill 1080, introduced by Republican Rep. Chris Holbert, would continue a $1,200 per employee tax credit for aircraft manufacturers that hire new workers. The bill was meant to bolster efforts of local airports like Centennial that had lost aircraft maintenance facilities to other states’ tax incentives.
While the bill passed the House 61-2, Democratic Speaker Ferrandino initially tried to downplay the idea. Here’s what the Denver Business Journal had to say about his initial response:
“Before the bill even had its first committee hearing, House Speaker Mark Ferrandino, D-Denver, questioned whether it and other tax breaks would take too much money out of the state budget without having a notable effect on jobs.”
It’s worth noting that while this jobs bill passed in the House, the Ferrandino package of jobs bills, including HB13-1002, HB13-1003, HB13-1004, and HB13-1005, have remained quagmired in the House. HB13-1002, 1003, and 1005 have been stuck in Appropriations for months. HB13-1004 has been laid over in the House since the beginning of the month. Doesn’t he control the calendar?
Maybe Ferrandino is just jealous that despite his “capable” leadership, a Republican from Douglas County was able to pass a jobs bill before he was? Thems the breaks of leadership, Mr. Speaker.
Mike Coffman’s under the gun, winning by only 7,000 votes in 2012. Dems plan to take Congress with a politician’s best friend: CASH. Up $3+ million over Republicans the first two months of 2013, Obama’s sequester-immune flights for San Francisco-style liberal billionaires’ cash will add more.
A March national Quinnipiac poll tests whether Coffman may survive. It gave Democrats an 8% US House vote edge. Here’s what would happen IF Colorado’s voters matched those results (adjusted for our different partisan voter balance as of the 2012 election, with a July Q-poll added to test this estimation process). Scott Tipton’s added for comparison:
|July ’12 Estimate||Actual 2012||March 2013 Estimate|
|CD 3 – Tipton||Tipton||169,657||185,291||151,892|
|CD 6 – Coffman||Coffman||160,848||163,938||143,795|
Mike outperformed Romney by 1.3% last year, auguring similar outperformance in 2014 [Daily Kos presidential percentages, my calculations]. Tipton’s probably safe. Coffman faces a squeaker, on the wrong side by less than 1,000 votes. As of 4/4 ColoradoPols’ “Big Line: 2014” rates this race dead even.
Just as Republicans (including me) may have overestimated the “power” of 2010’s results in Colorado, ColoradoPols may be giving too much emphasis to 2012 results. Here’s a table of votes in three Democratic-heartland State House districts within CD 6.
|HD 40||HD 41||HD 42|
|’08 US Senate||34,538||32,111||20,633|
|10 US Senate||24,625||23,216||13,820|
|’12 State House||35,269||32,542||22,362|
|Growth ’08 – ’12||2%||1%||8%|
|2010 OFF BY||10,644||9,326||8,542|
Currently, these three are 35% of CD 6 Democrats but only 27% of the district’s active voters. Can – with no Obama on the ballot – Democrats produce the 2008/2012 turnouts? Especially when last time Obama wasn’t on the ticket, 28,000+ decided not to bother voting? HD 42’s 8% growth shows Obama ’12 really targeted minority voters; the district’s only 30% Anglo.
Given past off-year drop-off and Coffman’s extraordinary campaigning talent, bet on the Marine’s return to Congress.
This organization has bull in it alright, but probably not the intended. The Bull Moose Sportsmen recently was cited by Politico in an article about hunting groups that are advocating for background checks. In a full dress down of the “bull” article, The Washington Times exposed the group’s astroturfing ways, and its connection to none other than Colorado’s Democratic U.S. Senators. Here’s what the Times noted about Bull Moose Sportsmen’s financial ties to Sen. Michael Bennet:
“According to some public filings, the ‘non-partisan nonprofit organization’ gave $17,000 in the 2012 federal election, and all of it went to Democratic Sen. Michael Bennet of Colorado. It spent $117,540 in support of Mr. Bennet in the 2010 cycle. The group raised $354,228 in 2011 and spent $295,863.”
Interestingly enough, Perricone’s Bull Moose partner in crime, Tim Mauck, also served as finance director for Udall in 2012. Not to be left out, Democratic Colorado Governor John Hickenlooper also has ties to Perricone as Hickenlooper appointed Perricone to the Colorado Parks and Wildlife Commission earlier this year. Perricone’s term is up in 2015.
If the Bull
Shit Moose Sportsmen organization wants to provide an outlet for Democrat sportsmen, there’s absolutely nothing wrong with that. But, when an organization portends to be a “nonpartisan” group that represents the “complete” sportsmen’s agenda, we have to call BS.
From the DBJ:
Denver Public Schools has quietly put the rest of its controversial variable-rate bonds with swaps on the market to sell as fixed-rate debt.
Five years after issuing a 30-year, $750 million school pension bond that turned into a financial quagmire for the district, DPS is selling $519.8 million in fixed-rate, refunding certificates of participation (COPs), set to price during the week of April 15, according to an announcement Friday from Fitch Ratings.
…Based on the fact that the district is issuing nearly $520 million in COPs this month to fix out the remaining $396 million debt, it would indicate that DPS is paying about $124 million in swap termination fees.
The district didn’t issue a press release about the bonds.
For those who missed or have forgotten the details on this salacious episode, here is a refresher from the 2010 New York Times story:
Northern Colorado Business Review is reporting that another company intends to exit Colorado following the rash of radical anti-Second Amendment legislation shoved through the Colorado’s Democratic Legislature.
Hi-Viz Shooting Systems, a Fort Collins-based manufacturer of sights, recoil pads and shooting accessories, is at least the third company that has announced such intentions. Phillip Howe, Hi-Viz president and CEO, had this to say:
“I make this announcement with mixed emotions. Colorado is a beautiful state with great people, but we cannot in clear conscience support with our taxes a state that has proven through recent legislation a willingness to infringe upon the constitutional rights of our customer base.”
Just yesterday, the national jobs report came out and was far weaker than expected. Colorado’s willingness to sacrifice jobs in the name of liberal ideology is a top reason for the suffering of its citizens. Thank your Democratic legislator next time you see him or her.
Today, at the age of 87, Lady Margaret Thatcher died following a stroke, according to her spokesman. She is survived by her daughter, Carol, and son, Sir Mark. Perhaps her greatest legacy was the genuine conservative convictions with which she governed.
Current British Prime Minister David Cameron told The Telegraph this morning:
“We’ve lost a great prime minister, a great leader, a great Briton. She didn’t just lead our country, she saved our country, and I believe she’ll go down as the greatest British peacetime prime minister.”
Not only did she modernize the British economy, but she served as a driving force behind the fall of communism in Europe. Her commitment to union reform, privatization, industry deregulation, and budgetary restraint set Britain on a path to economic prosperity when a dark shadow hung over Britain’s economy.
Importantly, she forged a path for women policymakers around the world. Despite her distaste for the feminist movement, she embodied the new feminist paradigm – the strong and capable woman in the workplace as commonplace. Despite resulting criticism, writer Natasha Walter perhaps best summed up Thatcher’s influence over feminism:
“No British woman this century can come close to her achievements in grasping power. Someone of the wrong sex and the wrong class broke through what looked like invincible barriers to reach into the heart of the establishment. Women who complain that Margaret Thatcher was not a feminist because she didn’t help other women or openly acknowledge her debt to feminism have a point, but they are also missing something vital. She normalised female success. She showed that although female power and masculine power may have different languages, different metaphors, different gestures, different traditions, different ways of being glamorous or nasty, they are equally strong, equally valid … No one can ever question whether women are capable of single-minded vigour, of efficient leadership, after Margeret Thatcher. She is the great unsung heroine of British feminism.”
Thatcher certainly was a controversial figure; however, few who change history with such magnitude are devoid of criticism. The world could use a few more Margaret Thatchers presently. Long live her spirit and her commitment to economic freedom and prosperity for all citizens.
Coloradans have heard rumors for the past few months that our economy may be improving. Unfortunately, it was just a rumor. Two pieces of news recently surfaced that indicated Colorado as well as the nation is in an economic slump – the jobs report was dismal and Colorado’s child poverty rate is the second fastest-growing in the nation.
This morning, the U.S. jobs numbers were released by the Department of Labor and the number of new jobs added to the economy versus what was expected was a huge miss. Nationally, it was expected that the economy would add 190,000 new jobs in March. It added just 88,000. Not even half. While some publications blamed this trend on a “post-sequester world”, employers have said that they’re hesitant to hire because of government regulation and the cost of Obamacare, which continues to spiral out of control.
Perhaps the under-employment situation is not surprising to the sobering number of children who live in poverty in Colorado – the second fastest growing state in the union, said the Colorado Children’s Campaign.
According to its annual report, the rate of children living in poverty in the state skyrocketed from 10 percent in 2000 to 18 percent in 2011. According to the press release, this increase represents an additional 113,000 children living in poverty.
The report, part of the Anne E. Casey Foundation’s national Kids County project, found that the rate of children living in poverty almost doubled between 2000 and 2011, to 18 percent from 10 percent, a trend experts say could get worse as the state slowly recovers from recent economic recessions.
While the Colorado Children’s Campaign noted that the state would “slowly recover”, the sad reality is that the Colorado legislature have focused on everything but jobs and the economy. In fact, the Democrats are doing everything in their power to chase jobs from the state – from passing the high-capacity magazine ban, which killed several hundred jobs, to raising billions of dollars in new taxes on small businesses to killing pro-business legislation. Coloradans and our children deserve better.