Where Are The Ethics?

The writer of this recent opinion piece in the Bangor Daily News fails to acknowledge the detriments of poor ethics and incompetence.

http://bangordailynews.com/2012/06/01/opinion/attack-first-review-later/

I run a construction business.  Within my bid price are labor expenses and material expenses.  Although it can appear on my ledger as legitimate material expenses to over spend exorbitant materials when the job called for economy grade materials, it is still excessive and poor use of monies budgeted for that job.  Likewise if I pay Master Carpenter wages to a man who has entry-level laborer knowledge of the trade, they are still labor expenses but they are poorly managed labor expenses.  The difference is my business is private and my poor management means the demise of my business and nothing more.  Maine Housing is a public tax-funded authority that must be spartan in its approach to the disbursement of funds that do not belong to them.  It is the State Treasurer’s job to insure that those public funds are utilized that economize every penny and sees that it is used to its utmost potential.  This is why those in the media, such as the Bangor Daily News, hate this State Treasurer so much.  He does not subscribe to the prevailing notion amongst the media and bureaucracy  that public funds are a ticket to posh and pleasure; but much the rather, he believes that these funds must targeted and economized to greatest furtherance of impact.  Beyond the transcription of correctly compartmented entries on a ledger line, Poliquin firmly believes that these entries must show to the public funders of these agencies that their monies are being used with a frugal and concise understanding of what was the funds intended use.  This boils down to an understanding of ethics and job performance.  In this limited review of Maine Housing,  what was abundantly clear is that Dale McCormick believed public service was a license for poor and squanderous management and a continued adherence to the old adage, “Its good enough for government work”.  Bruce Poliquin believes that government works on a frugal targeted budget and believes all public servants should run a tight ship. The two divergent work ethics obviously cannot coexist.

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Opinion Editorial by the State Treasurer

Great Op-ed by Bruce Poliquin.  Great read.

http://bangordailynews.com/2012/06/01/opinion/saving-money-while-helping-mainers/

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A Picture Says…..

Seems to be some ruffled feathers among those candidates bringing up the rear behind Bruce Poliquin in the U.S. Senate primary.  Many of the trailing candidates are complaining that the State Treasurer has put out an ad with a picture of him with the Governor.  These disgruntled candidates whine, as their being lapped, that the Treasurer has somehow crossed the line.  But Secretary of State Charlie Summers admitted in his complaint this morning on the George Hale and Ric Tyler show that they all have pictures with the Governor.  So why not use them?  Are they ashamed of the Governor?  Governor LePage is easily the most popular politician within the Republican ranks so it stands to reason to use a photo with the Governor.  Sounds like good campaigning.  Why haven’t the other campaigns used the Governor to their advantage?  Maybe that’s why their cries of foul are coming from the behind through the dust of front running Bruce Poliquin.

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False attacks against Poliquin

It seems that one or more of Bruce Poliquin’s opponents has accused him of not being Pro-Life.  I have been to many events with Mr. Poliquin and he  has on every occasion stressed his Pro-Life beliefs.  He has again sent out a statement to counter this falsehood,

“Make no mistake, I am PRO-LIFE and always have been despite what some desperate opponent would have you think.”

This is a quote from the State Treasurer that clearly states his position.  As the attacks on Bruce increase, it is easy to see who the front runner is and who is desperate.

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Maine Media turns Blind Eye to Corruption

http://www.themainewire.com/2012/06/editorial/

 

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Opinion and Info on LD 225 by Maine People Before Politics

Three Reasons To Kill LD 225 And Start Over On Maine R & D

Posted on May 30, 2012

1. 32 cent per kw hour electricity Yes, you read that right – 32 cents per kilowatt hour, that is what the ORPC TidGen Power System Commercialization Project will deliver for your $1.2 million in taxpayer debt.

The Maine Technology Asset Fund provided you, the Maine taxpayer, the opportunity to take on $1.2 million in additional taxpayer debt to fund a project that is projected to, and contracted for, 32 cent per kilowatt hour electricity for Maine consumers. (the current rate for Maine residential ratepayers according to the EIA is 15.28 cents per kilowatt hour – your $1.2 million in taxpayer debt will help ensure electricity rates that are twice as high as they are today)

To make matters worse, it’s locked in for 20 years:

The PUC was directed by the state’s Ocean Energy Act of 2010 to set the terms for this deal. Under the PUC “term sheet” (Docket # 2010-235), the price of power from the Tidal Energy Project will be 21.5 cents per kilowatt hour and increase by 2 percent per year – which will raise the price to 32 cents per kilowatt hour in the final year of the 20-year PPAs.” Read the full article here.

And did we mention that ORPC also received $800,000+ for their OCGen project on top of the $1.2 million TidGen grant? Guess you better make that $2 million in taxpayer debt.


2. MIHGH Debacle – Take a look at how past bonding and grant moneys have been spent on debacles such as the Maine Institute for Human Genetics and Health. Funded by an M-TAF R&D grant, MIHGH just recently announced they were forced to downsize considerably. This after Gov. Baldacci promised the Maine people hundreds of new, well-paying jobs to get the bond approved.

Reading this BDN article, it appears your $1.2 million in new debt is still supporting a handful of researchers, but no word on what your return on investment will look like.http://bangordailynews.com/2011/07/17/health/genetics-institute-to-terminate-central-research-function/

 

3. Jobs Numbers Discrepancies - In this MPBN interview, MTI President Betsy Behman claims that M-TAF had directly created 289 new jobs and “preserved” an additional “300 or so” with the $53 million in taxpayer debt you had already been burdened with. BUT, in MTI’s annual report, they make the claim that M-TAF had directly created 447 jobs and “preserved” 405 existing jobs. In other words, the MTI annual report claims approximately 50% more jobs were created and preserved than the MTI President claims.

Until we can get straight numbers from MTI on the actual impact on job creation, including specifics, taxpayers should not be saddled with more of this debt.

If you would like to see your tax dollars and taxpayer debt used more effectively than this, please contact your legislators here and tell them to support the veto of LD 225 and hold back on an additional $20 million in debt for this program.

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New Study Shows Questionable Expenses in Maine Housing

http://www.themainewire.com/2012/05/opega-rapid-response-report-mainehousing-confirms-excessive-spending-meals-travel-sponsorships-gift-cards/

 

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