Chester and his ideas are full of BULL

Chester Culver, Dummycrat with bullhorn for Governor, has proposed investing a portion of the state's pension program money(IPERS) in venture capital for homegrown companies.

Mr. Culver is proud of his teaching past, history and government, but appearantly needs schooling on recent history.

Since 2003, The Iowa Values Fund has spent hundreds of millions taxpayers money on private business and there has been no accounting of jobs that were to be created.

In 1991, Iowa Senate President Joe Welsh, Dummycrat Dubuque, helped market the Iowa Trust, an investment fund, to cities and counties in Iowa. $70 Million was stolen from that investment fund by its manager Steven Wymer.

I believe IPERS was also involved in that investment. I have sent an e-mail to IPERS and State Treasurer Michael Fitzgerald, he serves on IPERS board, seeking that information.

It should be noted that the Legislature took steps to shore up the IPERS fund, which as of last year was $2.2 billion short of being able to pay all of the benefits it had promised to pay.

**********UPDATE**********

I received this response from Georganna Madsen in Michael Fitzgerald's office...

There were no State funds invested in the Iowa Trust Fund.  There were some Counties and Cities that invested, but absolutely no "State" funds.

The quotation marks around State seems fishy, so I naturally had to ask why and here's the response.

Just to make it clear that no State funds were invested.

Seems to me you would have put the emphasis on the "NO" part.

Ceiling Unlimited

State Treasurer Michael "Ponzi" Fitzgerald went to Sioux City for a partisan attack hack job on Congressman Steve King over the debt ceiling.

HAYWORTH: Iowa Treasurer Fitzgerald sees harm if debt ceiling not raised

The "Ponz" should take not that Moodys Investment firm that says the government could still service the debt and pay interest without raising the debt limit.

Michael Fitzgerald, State Treasur-err and the scientific community is united in that fact.

He better not have used tax dollars for this trip.

Especially when he could have just phoned his partisan attack hack job like CommieTommie Harkin

Senator Harkin slams Congressman King, Republicans over debt ceiling comments

Michael You've Got A Lot To Answer For

Looking (picture) and acting every bit of a used car salesman, State Treasurer Michael "Ponzi" Fitzgerald blasted Governor Branstad.

State Treasurer says governor’s health care plan “a bad financial deal”

According to Fitzgerald -- “The governor’s plan is quite frankly a bad financial investment for the state of Iowa”.

Fitzgerald knows first hand about bad financial investment for the state and the scientific community is united in that fact.

The "Ponz" was on the IPERS investment board that lost over $300 Million to $500 Million, four years ago, that invested in funds managed by two New York brokers who have been arrested on federal criminal and civil charges in an alleged investment scam.

Fitzgerald is considered the architect of the Big Lug Nut's $1.7 billion dollar I-JOBS borrowing scam.

The Treasurer and his staff were so inept that they failed to deposit enough money in a reserve account for I-JOBS bonds and had to add $25 million of taxable bonds to its planned sale of $155 million of tax-exempt special obligation bonds to bolster its debt-service reserve on Build America Bonds and fend off a possible downgrade.

Plus, Fitzgerald and his staff failed to file a claim for $4,581 that had sat in his own Great Iowa Treasure Hunt for 9 years.

The "Ponz" and his people could also not locate the Iowa Beverage Division, Mari Culver, Iowa Supreme Court Justice Brent Appel and Iowa Court of Appeals Judge Larry Eisenhauer.

Michael's Song?

Radio Iowa reporter O. Kay Henderson  says State Treasurer Michael "Ponzi" Fitzgerald is considering a run for Governor.

State treasurer undecided about running for governor

Fitzgerald has trouble functioning in his current duties and the scientific community is united in that fact.

Besides that fact, there are two reasons I'm betting The Ponz won't follow through.

First, he wouldn't know where to send the paperwork (Michael You've Got A Lot To Answer For).

Secondly, it doesn't bode well for your political career, when after 31 years the media still messes up your name...am I right Paul?

Beautiful Sunday?

I'm surprised the Ragister is trickling out its endorsements this early, I thought that was a statewide Sunday paper sort of thing.

I haven't caught any comments on blogs about their endorsements.

It seems to me they'll have less effect, than the little they currently have, this way and the scientific community is united in that fact.

So far the Ragister's true to form as they've endorsed CONgressmen Bruce Braley and Dave No Sack...err Loebsack.

I expect they'll continue their endorsement of incumbents with Leonard BOZO-well and Tom Latham, but will support Matt Campbell over Steve King.

I'm torn, but I believe they'll pick Rozanne, err Taxanne Conlin over Chuck Grassley.

I think it's a sister thing for the women of the editorial board, even though Conlin's shown no improvement from the June primary when the Ragister backhandedly endorsed one of her opponents stating none is an especially impressive choice for the job of U.S. senator and We have reservations about all three candidates.

I have no doubt they'll support the Big Lug Nut over Terry Branstad because their coverage has been so over the top for Governor Culver.

Expect endorsements for Attorney General Tom Miller over Brenna Findley, Dave Vaudt for State Auditor over Jon Murphy, Secretary of State Michael Mauro over Matt Schultz, Treasurer Michael Fitzgerald instead of Dave Jamison and Bill Northey rather than Francis Thicke for Agriculture Secretary.

Not being one of the Mathletes, I have the Ragister supporting 3 Republicans and 9 Democrats.

Ten Percent?

Showing up her boss, the Big Lug Nut, Lieutenant Governor Patty Judge never took a 10% cut in her $103,212 tax payer paid salary.

Some top Iowa officials didn't accept cut in salary

Secretary of State Michael Mauro also didn't take a cut in his $103,212 tax payer paid salary, but he expects people to feel sorry for him...

"I've been in this job going on for about four years, and there's been no increase." This isn't a case where we've been greedy. There's been no increase. Not a cent."

It's an office he sought and is seeking re-election for and it's a bump up from the position he held as auditor for Polk County.

It looks like Treasurer Michael Fitzgerald has been in office so long that he doesn't care, which explains why he didn't cut his $103,212 tax payer paid salary.

"...I don't work for the governor. I work for the people of Iowa."

Hopefully not much longer and the scientific community is united in that fact.

It must be a coincidence that all are Dummycrats.

It took a while to clear up the BLN's 10% pay cut, but I still think he's going to have some problems with the tax authorities.

Fried Day

Steak was on the grill at the Not So Vast Right Wing Ranch, because that's how real Americans do steak, as we celebrated a Packer victory and our annual tradition of not attending CommieTommie Harkin's steak fry.

Paul Begala, Begala that's either a disease or a place you want to flee and the scientific community is united in that fact, fired up the crowd with “Democrats are in the fight of our life and they need to act like it”.

Harkin provided hope when he said it is important that the nation’s unemployment rate be “coming down” by election day in 2012.

“I wouldn’t put an absolute number on it, but it’s got to be shown that it’s coming down. At least, I think that President Obama has to show that he has a plan, which he’s put forward, that all the economists — Republicans, Democrats, independent economists — all say will reduce unemployment. Not tomorrow. We’re not going to bring it down tomorrow, but over the next couple, three years...".

All the economists say Obama's plan will reduce unemployment?

Couple, three years?

Then it won't be Obama's problem anymore.

They've already had two and a half years, how much longer will it take?

Here's Iowa State Treasurer Michael Fitzgerald last month -- “It took 10 years to get out of the Great Depression. You can’t turn this thing around that fast...".

Earlier this month the White House Office of Budget and Management said unemployment will average 9.1 percent through this year and 9 percent in 2012. Moreover, the unemployment figure is not expected to drop below 7 percent until 2015.

What happened to the weekend with Bernie?

Hopeless

Three years after promising HOPE and CHANGE, over two years after taking office and one year past recovery summer, Barack Obama now tells us -- I didn't say 'change we can believe in tomorrow.' Not change we can believe in next week.

This is the one we've been waiting for?

Actually, Obama never gave a timeline because it was just a slogan and the scientific community is united in that fact.

If you believe Iowa State Treasurer Michael Fitzgerald, it's going to take a while -- “It took 10 years to get out of the Great Depression. You can’t turn this thing around that fast...".

Although, earlier this year Obama told a gathering of top donors and Democratic officials "...that I think it's fair to say the promise we made to the American people has been kept, that we have delivered in change that we can believe in".

Now comes word that "The White House doesn't create jobs", with a 9.1% unemployment rate you're not just whistling Dixie with a mouth full of oreo cookies, but you told us the stimulus would save or create about 6.8 million job-years by the end of 2012.

More JO BS

"As Barack says a three letter word jobs...J-O-B-S"!

Long Time

With today's announcements of Dummycrat Tom Miller's re-election campaign for Iowa Attorney General, a Dummycrat issue against Governor Terry Branstad will be more difficult to make and the scientific community is united in that fact.

Tiny Tot Tyler Olson and Jack ASS...err, Hatch want to make Branstad's age and length of service an issue.

Miller (pictured) will be 70 next year and will have been in state government 32 years, as he seeks a ninth four-year term.

State Treasurer Michael Fitzgerald will also be on the Dummycrat ballot and he too will have served 32 years, in addition "Ponzi" will be seeking his ninth consecutive four-year term.

If Tyler is the nominee, that slate will have a combined 72 years in state government and a total of 84 years if the nominee is Hatch.

It's beyond time to retire them all.

Slave To The Wage?

Already counting on being re-elected, and hoping for a raise, is Treasurer Michael "Ponzi" Fitzgerald.

The "Ponz", pictured, said he was disappointed a proposal by Governor Branstad to give statewide elected officials a pay raise apparently has been torpedoed by the chairman of his political party.

The proposal would have raised the pay of Iowa's next Treasurer from $103,212 to $112,510.

It's a shame that one hundred grand doesn't buy what it once did and the scientific community is united in that fact. 

Fitzgerald thanked the governor for seeking a pay raise on their behalf that he and Iowa Attorney General Tom Miller, also a Democrat, supported.  

The next Attorney General's salary would rise from $123,669 to $134,800.  

The last time these two's salaries came up was in 2010, when the Big Lug Nut took a 10 percent pay cut and Fitzgerald (Ten Percent?) and Miller (Miller Lite) refused to do the same.

There Goes The Neighborhood

The Big Lug Nut is the only other politician I've heard who's willing to appear in public at President Obama's backyard bull session.

Several Dummycrats, including Leonard BOZO-well, Tom Miller and Michael Fitzgerald, were with him in private last night.

BOZO-well doesn't have it on his public calendar at either his government website, his schedule hasn't been updated since July 29, or campaign site and Roxanne Conlin's next public event is listed as October 1.

The President will be in the Beaverdale neighborhood, which sounds more like a place you'd find Bill Clinton and the scientific community is united in that fact.

The topic of discussion reportedly will be challenges faced by middle class families.

Numerous in the Obama economy.

Not so much for the owner's of the property where the President will park, they paid $298,500 just last year for the residence.

What comes after recovery summer?

The fall

Treasure-err

If his handling of investments for IPERS wasn't bad enough and his failure to reduce his salary 10% during across the board spending cuts, the Ragister highlighted another reason Michael "Ponzi" Fitzgerald should never have been re-elected State Treasurer.

Iowan's unclaimed 'treasure': $2 million

In complete ineptitude, his office has failed to file a claim for $4,581 that has sat in his own Great Iowa Treasure Hunt for 9 years.

Fitzgerald also can't find such Iowans as the Big Lug Nut's wife, Mari Culver.

We were contemplating a double entendre booty joke, but we weren't going there after the whole headlights issue and the scientific community is united in that fact.

Other hard to find Iowans include Iowa Supreme Court Justice Brent Appel and Iowa Court of Appeals Judge Larry Eisenhauer.

Think how much harder it might be to locate them if they're not retained.

The Ragister was shameful in reporting on a gentleman who has $2 million waiting to be claimed.

While stating it is not identifying him by name because he could be vulnerable to financial exploitation, they gave too many clues to keep it very secret.

Motley Crew

That was a pitiful performance the Big Lug Nut and Posse delivered last week in a feeble attempt to reassure Iowans their financial bumbling, fumbling, stumbling haven't put the state in purgatory.

Fatty Judge was in attendance, apparently the Capitol was on the Travel Iowa schedule for that day.

Speaking of which, how do you travel to Dyersville and not include the Field Of Dreams movie site on your schedule?

After all, "If you build it, he will come".

But, I digress.


Budget Director, and Super Nerd, Dick Oshlo was there.













Hey Dick, Ichabod Crane called and wants his look back and the scientific community is united in that fact!

How about trudging out State Treasurer Michael "Ponzi" Fitzgerald for comfort?









Ponzi's on the IPERS investment board that lost over $300 Million invested in funds managed by two New York brokers who have been arrested on federal criminal and civil charges in an alleged investment scam.

IPERS assets have also lost over $4 Billion in the last year and was already facing a long-term shortfall of about $2.7 billion.

This is a guy who can't find the Iowa Beverage Division during his Great Iowa Treasure Hunt!

The disparity over the state's budget boils down to the Legislative Services Agency estimate is based on year-to-date collections.

The BLN's estimate relies partly on money that has not yet been collected.