Back in the early ‘80’s, I remember my Intermediate Macroeconomics professor wasting half of a semester extolling the virtues of Marxist economic theory.  One day, I simply had to ask – Does anyone, even YOU, actually believe this nonsense?  His response?  “Well, it’s a valid economic theory”.  Well, I have finally come across someone who actually seems to believe that nonsense.

cassandra_m, over at DelawareLiberal, extols the virtues of Cap and Tax by claiming that Delaware has made over $2 million from selling “carbon credits”.  Sorry cassandra, Delaware TAXED power companies an ADDITIONAL $2 million.  You can call it whatever you want, but IT’S A TAX!  It’s a transfer.  It produces NOTHING!

Here’s how it works in the real world (vs. the imaginary, Marxist, MoveOn.org world):

Power companies are TAXED $2 million for “carbon credits”.  One of three things occur.  One, your power bill rises to make up for the lost $2 million.  Two, instead of raising rates the power company simply takes a reduction in profit.  This means that money will not be returned to shareholders to be put to a PRODUCTIVE use or needed capital upgrades will not occur.  The capital expenditures actually CREATE WEALTH and help to GROW THE ECONOMY (so does returning the money to shareholders).  Three, there is some combination of one and two.

Something tells me that cassandra sat in on the same economics class as WCBOE superintendent John Fredericksen.

As if there was ever any doubt, the answer is …

BIG LABOR and the LOONEY LEFT

“Unstable Isotope” (and appropriate name if ever there was one) over at DelawareLiberal tells all how it really is in the world of Democrat politics:

The party has united behind the bill. 83% of MoveOn members support its passage and organized labor has threatened to primary Democrats who vote against reform. At the same time, the opposition to the bill is weakening and is less organized. The Democratic party’s fortunes in 2010 and beyond are tied up in this bill and I think most Democrats know this.

That’s right folks!  America is OVERWHELMINGLY opposed to ObamaCare; but that doesn’t count.  No – 83% of MoveOn.org members and the SEIU want it.

Milford businessman Harvey R. Kenton, Jr. on Friday filed his candidacy for the 36th District House seat being vacated in November by Rep. V. George Carey.  Kenton will seek the GOP nomination.

“Over the past few years I have seen state budgets continue to grow while our families’ budgets are stretched to the breaking point in many cases,” said Kenton.

“It will be no easy task but it is time to look for practical ways to hold the line on state spending and at the same time fostering the ability for our small?businesses to grow and flourish in a sluggish economy."

“Small businesses are the backbone of our economy and we must keep government out of the way of their future,” Kenton said.  “By listening to what they need we can quickly get Delawareans back to work and grow our way out of this downturn.”

Kenton, 68, is a Navy veteran and a lifelong Milford resident.  He has been married to his wife Jeanne for 45 years.  They have three children and five grandchildren.  Kenton serves as a director for the Delaware State Fair, Peoples Place II, The Felton Bank, Greater Milford Boys and Girls Club and the Milford Community Cemetary as well as being a member of the Milford Church of God and the Cedarfield Ruritan Club.

Delaware Liberal reports that New Castle County Executive Christopher Coons has confirmed that he will seek the Democrat nomination for the Senate seat previously held by VP Joe Biden.  Since Biden’s son, Delaware AG Beau Biden, announced earlier this week that he will not run, Delaware Dems have been seeking a body to rally around.

According to Delaware Liberal, “we need to be ‘all in’” in order to beat the GOP standard bearer, Rep. Mike Castle (R-DE).  Fine by me. Delaware is hardly the “bluest of blue” states.  Mike Castle is hardly the heir to Reagan.  I hope Coons (or whoever gets the Delaware Dem nod) runs hard to the left.

How’s that Obama thing working out for you guys in the First State?

Celia Cohen of Delaware Grapevine doesn’t predict an adequate pick-up for First State Republicans as they head into re-districting.  The Dems sure aren’t planning on helping out:

As a Democratic Party leader once said, "When you’re in the minority, you want it to be fair. When you’re in the majority, hey, we didn’t work this hard to get to be the majority to be fair."

The Democrats currently control the Senate by 15-6 and the House by 24-17.

nemski at DelawareLiberal seems to think so but does Delaware really need  Vice President Joe Biden as the unofficial First State poster child?  Biden makes George W Bush look like the chairman of the Oxford Union.  While Gov. Jack Markell is governing far more responsibly than many of us thought he would, both Markell and Delaware have a ways to go to repair the damage done by previous administrations.

nemski is right about one thing – you really should read this article from the Wilmington News-Journal.  Then ask yourself if these supposed “men of the people” are really good for the image of the First State?

Court of Common Pleas Judge William C. Bradley faces two lawsuits alleging sexual abuse over 30 years ago.  Bradley remains on the bench.

The Delaware Board of Medical Practice will hold an emergency meeting today to vote on the emergency suspension of Dr. Earl Bradley’s license to practice medicine.  Bradley, a Lewes pediatrician, has been charged with the rape of 9 children and is suspected of molesting at least 100 children over the last decade.

Bradley is being held in the Delaware state prison in Smyrna in lieu of $2.9 cash bail.  Because Bradley is considered an “imminent danger to the public”, the Board chose to undertake an “expedited investigation” and hold today’s hearing.

"Even though someone is incarcerated, tomorrow they might not be incarcerated," said James L. Collins of the Delaware Division of Professional Regulation.

Gov. Jack Markell and the state of Delaware finally appear to be doing the right thing by reaching a compromise in the US Army Corps of Engineers attempt to deepen the Delaware River channel.  By admitting that the Minner administration had acted improperly by sitting on the Corps’ request for five years, the Markell administration is able to assert the state’s rights to regulate certain portions of the project while not buckling to the left wing enviros who wish to harm the vital river ports of Wilmington and Philadelphia.

Rep.-Elect Ruth Briggs King (R-Georgetown), along with other members of the Delaware House GOP Caucus, has called for more transparency of legislative and judicial expenditures.  King (R-Georgetown), along with State Reps. Richard Cathcart (R-Middlewtown) and Dan Short (R-Seaford), recently sent a letter to the Senate Pro Tem Anthony DeLuca and Speaker of the House Robert Gilligan asking them to consider providing online access to the General Assembly’s expenditures in order for the public to review at its convenience.

A similar request was also made to Delaware Supreme Court Chief Justice Myron Steele.  Steele quickly replied that the request would be “immediately considered”.  No reply has yet been received from either DeLuca or Gilligan.