I know this is a blog about the housing bubble, but I'd like to take a moment to talk about government waste. In particular, I'd like to talk about Alaska's "Bridge to Nowhere." John McCain's new running mate, Alaska Governor Sarah Palin, is patting herself on the back for opposing the Bridge to Nowhere. Here are a few tidbits that Sarah Palin (and the mainstream media) isn't telling you about the bridge.
First, Governor Palin was for it before she was against it.
Second, she changed her position on the bridge when it became a national issue and when it became apparent that Alaska would have to pay part of the cost itself.
Third, even though Alaska got rid of the bridge, THEY KEPT THE FEDERAL MONEY! All they did was decide to spend your federal tax dollars on other stuff. They got rid of the symbol of wasteful earmark spending, but they kept the actual wasteful earmark spending.
I have a McCain bumper sticker on my car, but I'm debating whether or not I should keep it.
On a housing-related note, looking up Governor Palin's public financial disclosure form and cross-referencing it with Zillow.com reveals her Wasilla, Alaska home had a 2006 tax assessor's value of $526,800.
Other bloggers comment on Governor Palin:
Update: Apparently now on Intrade, you can bet on the odds of Sarah Palin being withdrawn as the Republican VP candidate. The odds of her withdrawal have dropped in half since her convention speech.
Saturday, August 30, 2008
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