The hypocrisy of Republican outrage over the DeLay prosecution

delayNYTimes.jpgIn reading the various Republican statements (see here and here) alleging that Travis County District Attorney Ronnie Earle is engaging in an outlandish abuse of power in regard to his decision to indict House Majority Leader Tom DeLay, a thought occurred to me.
For the past several years, the Justice Department under the Bush Administration has engaged in numerous and similar abuses of power. As a result, where is the Republican outrage over the sad cases of Daniel Bayly, William Fuhs, Arthur Andersen and Jamie Olis, to name just a few?
As I have noted many times, Sir Thomas More explains in the following passage from A Man for All Seasons why it is important to uphold the rule of law to constrain the abuse of overwhelming state power, even where doing so means that the Devil himself cannot be prosecuted unless he actually commits a crime:

“And when the last law was down, and the Devil turned ’round on you, where would you hide, Roper, the laws all being flat? This country is planted thick with laws, from coast to coast, Man’s laws, not God’s! And if you cut them down — and you’re just the man to do it, Roper! — do you really think you could stand upright in the winds that would blow then?”
“Yes, I’d give the Devil the benefit of law, for my own safety’s sake!”

The Bush Administration, Mr. DeLay and many of the Republicans who are criticizing Mr. Earle failed to uphold the rule of law in preventing prosecutions of business executives whose only “crime” was to be involved in arguably questionable business transactions that, at most, should have been the subject of civil litigation. Thus, the Republicans’ irresponsible sacrifice of these executives’ careers to the mantle of fickle public opinion has now contributed to the current environment where their own attempts to take advantage of loopholes in campaign finance laws is being criminalized.
Although abuse of state power against controversial politicians should not be condoned any more than abuse of state power against unpopular business executives, the Republicans’ criticism of the DeLay prosecution rings hollow. They should have listened to Sir Thomas.

Assessing the hurricane damage to Gulf production facilities

Typhoon4.jpgFollowing on this post from yesterday, the markets continued to react to more information that indicates that damage to Gulf of Mexico offshore production and drilling facilities from the recent hurricanes is going to reduce production and exploration from that key region for an extended period of time.
That information, combined with the slow process of restarting Gulf Coast refineries, is generating one of the more unusual political ironies that America has seen in some time. As a result of the restricted energy supplies from the Gulf region, the outspokenly pro-exploration and production Bush Administration is sounding eerily like the Carter Administration from the late 1970’s, promising a national energy-conservation campaign to give Americans tips on saving energy during the winter heating season.

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Langone unmasks the Lord of Regulation

langone.jpgspitzernew4.jpgYou remember Kenneth Langone, don’t you?
Mr. Langone is the co-founder of Home Depot who chaired the New York Stock Exchange compensation committee that approved Richard Grasso’s $140 million pay package. As a result, he is a defendant along with Mr. Grasso in New York Attorney General Eliot Spitzer‘s lawsuit to recover alleged overcompensation paid by the NYSE to Mr. Grasso. As this previous post from over a year ago indicates, Mr. Langone does not think much of Mr. Spitzer’s lawsuit.
Well, in this delicious follow-up OpinionJournal op-ed, Mr. Langone updates us on Mr. Spitzer — who he calls “the full-time New York state attorney general and part-time fund-raiser for his political ambitions” — and his use of the high-profile lawsuit against Messrs. Grasso and Langone to promote his political career.

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An interesting perspective

Mineyard.jpgIt is becoming clearer each day now that at least a substantial amount of the initial information coming out of New Orleans in the aftermath of Hurricane Katrina was either exaggerated or misinformation. One such piece of misinformation was that large numbers of murders were occurring as a result of gunshots.
Commenting yesterday on the fact that only seven gunshot victims had been identified in the autopsies done on the first 650 or so bodies recovered from New Orleans, Coroner Frank Minyard made the following observation:

“Seven gunshots isn’t even a good Saturday night in New Orleans.”

Market responds to Rita-related damage to Gulf production facilities

chevron rig.jpgFollowing on this post from yesterday, Chevron Corp.’s announcement that its Typhoon tension leg platform was severed from its moorings by Hurricane Rita and is floating upside down in the Gulf of Mexico dovetailed with the news that natural-gas futures on the New York Mercantile Exchange skyrocketed 10% to almost $14 per million British thermal units, which is its highest closing on record.
Typhoon2.jpgThus, if it’s going to be a long, cold winter in the U.S. hinterlands this winter, then it’s looking increasingly as if it’s going to be a long, cold, expensive winter.
Natural-gas futures on the Nymex for delivery in October rose $1.251 to $13.907 per million BTUs. The expiration of the October contract at the same time that the delivery point for Nymex futures, Louisiana’s Henry Hub, which has been closed down for the past week, added to the uncertainty and volatility in the market.

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Paul Burka on the Houston evacuation plan

evacuation5.jpgFollowing on previous posts here and here regarding Houston’s hurricane evacuation plan, Texas Monthly editor and former Houstonian Paul Burka weighs in on the plan in this OpinionJournal op-ed. Mr. Burka does not offer anything new here in terms of a solution, but he does do a good job of framing the key issue:

There is no way that government can assure that the people on the roads are the ones who are in the most danger, those from Galveston and the low-lying areas near Galveston Bay. Common sense needs to be restored to the evacuation process, so that people with the greatest risk of danger will make the decision to leave, and those with the least risk will stay off the roads.

Tory Gattis over at Houston Strategies also has some good thoughts on how to improve the plan.

A key tip for dealing with rattlesnakes

rattler.jpgOne of the best parts of the Houston Chronicle for many years has been the newspaper’s Hunting and Outdoors section of its sports section. Inasmuch as my reaction to finding a rattlesnake would have been the same as the fellow’s reaction as described in the following Chronicle article, I was glad to learn something from the Chronicle piece about dealing with dead rattlesnakes:

Even a dead rattlesnake can hurt you. Just ask Trey Hanover of College Station.
On Labor Day weekend, Hanover and his father, Tommy Hanover, were working on their deer lease when they killed a big rattler. They shot the snake’s head off with a shotgun and loaded the carcass in the truck to show other hunters on their lease that they needed to be careful.

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Stros close in on another playoff berth

stros logo6.jpgAfter a 6-3 road trip that included a twogame sweep of the Cardinals, the Stros (87-71) come home for four games with the Cubs (77-81) needing any combination of wins or Phillies (85-74) losses equaling two to achieve the club’s sixth playoff berth in the past nine seasons (the Phillies finish the season with three games in Washington against the 81-78 Nationals). Inasmuch as the Stros have gone a positively unbelievable 72-41 after a miserable 15-30 start to the season, one has to feel good about the Stros’ chances of clinching the playoff berth at this point. However, given this club’s chronic lack of hitting, it is reasonable to hold off celebrating until the final out of the clinching game is officially in the scorebook.

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The Hammer’s indictment

DeLay6.jpgIn one of the least surprising developments in Texas politics over the past couple of years, a Travis County (Austin area) grand jury on Wednesday charged Houston Congressman and House Majority Leader Tom DeLay and two political associates — John Colyandro, former executive director of the Texas political action committee that Mr. DeLay helped form, and Jim Ellis, who heads Mr. DeLay’s national political action committee — with criminal conspiracy in an alleged campaign finance scheme that has been under investigation for almost two years. That investigation and Mr. DeLay have been frequent topics on this blog, as posts here, here, here, here, here, here, here, here, here, and here reflect. Here is a copy of the indictment.

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Guaranteeing expensive natural disasters

flood insurance.gifIn his Wall Street Journal ($) Business World column today, Holman Jenkins picks up on a theme of several previous posts (here, here, here and here) that point out that governmental policies that distort risk analysis virtually guarantees that natural disasters in hurricane-prone areas will be increasingly costly:

Louisiana’s Sen. Mary Landrieu offered a perfect expression on CNN on Sunday of where the new blank-check compassion is leading us: “Wolf, poor families were crushed. Middle-income families are staggering. And wealthy families have been just punched in the stomach. It is going to take a huge national effort for us to realize the importance of this Gulf Coast region.”
To wit, everyone must be restored to their previous status and possessions, or better, at taxpayer expense.

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