Rice County Republicans

CONGRESSMAN JOHN KLINE
CONGRESSWOMAN MICHELE BACHMANN
CONGRESSMAN ERIK PAULSEN
CONGRESSMAN CHIP CRAVAACK
SENATE MAJORITY LEADER DAVID SENJEM
DEPUTY SENATE MAJORITY LEADER JULIANNE ORTMAN
SPEAKER KURT ZELLERS
HOUSE MAJORITY LEADER MATT DEAN

CORDIALLY INVITE YOU TO THE REPUBLICAN PARTY OF MINNESOTA’S

WITH SPECIAL GUEST

THURSDAY, MARCH 15, 2012

5:00 P.M. ROUND TABLE
6:00 P.M. PHOTO OPPORTUNITY AND COCKTAIL RECEPTION
7:00 P.M. DINNER AND PROGRAM

MINNEAPOLIS HILTON
1001 MARQUETTE AVENUE, MINNEAPOLIS, MINNESOTA 55403

SPONSOR – RAISE/GIVE $10,000

2 TICKETS FOR ROUNDTABLE, 10 TICKETS TO PHOTO OPPORTUNITY, COCKTAIL RECEPTION, DINNER AND PROGRAM

HOST – RAISE/GIVE $5,000

10 TICKETS TO PHOTO OPPORTUNITY, COCKTAIL RECEPTION, DINNER AND PROGRAM

PATRON – RAISE/GIVE $2,500

2 TICKETS TO PHOTO OPPORTUNITY, 10 TICKETS TO COCKTAIL RECEPTION, DINNER AND PROGRAM

VIP – RAISE/GIVE $500

1 TICKET TO PHOTO OPPORTUNITY, COCKTAIL RECEPTION, DINNER AND PROGRAM

DINNER GUEST – RAISE/GIVE $250

1 TICKET TO COCKTAIL RECEPTION, DINNER AND PROGRAM

ELEPHANT CLUB MEMBERS – $50

1 TICKET TO COCKTAIL RECEPTION, DINNER AND PROGRAM

RSVP TO NANCY OR SHANNA AT 651-784-0003 or NANCY@SHANNAWOODBURYCONSULTING.COM.

Prepared and Paid for by Republican Party of Minnesota. Not authorized by any candidate or candidate’s committee. www.MNGOP.com

ECONOMICS / BUSINESS
Basic accounting rules which aren’t being followed by the Federal Government to the peril of all the citizens.

 
Surprise, surprise.  Who didn’t see this coming?   A classic example of government intervention which ignores market fundamentals; when the market is ready it won’t have to be subsidized.

GENERAL INTEREST
This long primary and numerous debates have lead to the GOP field to seem like they’ve lost sight of what’s really important this cycle, the economy! It’s time to ignore the social issues bait that the media keeps throwing us and focus on the issue that will put a GOP President in office next year.

Social issues work against the GOP when it comes to independent voters.

It’s really funny, the media has been reporting the people wan the rich to pay more taxes, but when you ask them what an appropriate level of taxation is, they opt for a much lower rate for the top tax payers. This leads me to believe that the majority of people have no idea how much the rich pay. (And that the top 10% of tax payers pay 70.47% of all income tax).

There is a problem when we  compromise the  conservative principles of individual liberty for the expediency of regulating behavior. ObamaCare could likely stand on the precedent set by conservative members of the court via the commerce clause.

Here is a well written article on the MN budget.

Enjoy,
Stephen Kallestad
Northfield

ECONOMICS / BUSINESS
Here’s a frightening, yet hopeful story about US economic history from Professor of Economics, Jeffrey Rogers Hummel, at San Jose State University.

Liberal economists hate the “Laffer Curve,” which says that after a certain point higher marginal tax rates reduce tax receipts, poo-pooing it every chance they get. The only problem, almost every time and everywhere taxes are raised above about 25 -30%, revenues fall when the tax rates increase. Here’s just the most recent example, from Britain.

Sometimes bankruptcy is the best medicine. Hopefully Hostess will be able to sell some of it’s factories to non-union bakeries companies and purchased finished product back. That should be enough to return the company to profitability and help the brand endure. I suppose the other option is a fire-sale of the different brand trademarks and just cease to exist in any meaningful way.

Another example of government (this time Germany) trying to pick winners, and everyone ends-up being a loser.

GENERAL INTEREST
I’m one of the pro-growth conservatives referred to in this article who are horrified by this plan. This is exactly the type of government intervention – that will distort the market, undermine market discipline and introduce inefficiency – for which we’ve rightly been holding the Democrat to task for, for decades.….and here is a former Treasury official during the George Bush, Sr. administration, explaining the origins in the Democrat Party of the 1970-80s and why any “Industrial Policy,” is doomed to ultimate failure.

When the Heritage Foundation published this information, they did so in such a manner that it was not always entirely clear what they were measuring unless you looked deeply into the behind-the-scenes root data. This writer from the British paper, The Mail, explains that methodology and the what Heritage published. It still has very troubling implications for U.S. government policy.

This article discusses what is insidious about the New Deal programs that have become an albatross around the neck of government and the taxpayers. Once again the Economist magazine gets it exactly right.

Enjoy,
Stephen N. Kallestad
Northfield