T. W. Shannon to Speak to Comanche County GOP
by Deputy ()Lawton's state Representative, T. W. Shannon (R), will speak at the Comanche County Republican Party's regular meeting on Tuesday, October 21, 2008. Mr. Shannon will be speaking at 2314 W. Gore Blvd. at about 6:30 PM. Mr Shannon, is currently seeking re-election for District 62. Currently Mr. Shannon's opponent is Randy Warren (D). Mr. Warren is serving as the City of Lawton Councilman for Ward 8.
The Great Debate... 1, 2, and 3?
by Garrett JacksonAs I get ready to watch the debate between Sen. John McCain, and Sen. Barrack Obama. I think that people need to remember that we have a third party candidate running. Here is a commercial from Libertarian, Bob Barr. Feel free to visit my website at http://www.lawtontowncrier.com for the latest Podcast about the City of Lawton. Enjoy, GarrettThe Common Sense Fix - by Dave Ramsey
by Deputy ()Years of bad decisions and stupid mistakes have created an economic nightmare in this country, but $700 billion in new debt is not the answer. As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy. Instead, I submit the following three- step Common Sense Plan. I. INSURANCE a. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity. b. In order for a company to accept the government-backed insurance, they must do two things: 1. Rewrite any mortgage that is more than three months delinquent to a 6% fixed-rate mortgage. a. Roll all back payments with no late fees or legal costs into the balance. This brings homeowners current and allows them a chance to keep their homes. b. Cancel all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan. In the event of foreclosure or short sale, the borrower will not be held liable for any deficit balance. FHA does this now, and that encourages mortgage companies to go the extra mile while working with the borrower—again limiting foreclosures and ruined lives. 2. Cancel ALL golden parachutes of EXISTING and FUTURE CEOs and executive team members as long as the company holds these government-insured bonds/mortgages. This keeps underperforming executives from being paid when they don’t do their jobs. c. This backstop will cost less than $50 billion—a small fraction of the current proposal. II. MARK TO MARKET a. Remove mark to market accounting rules for two years on only subprime Tier III bonds/mortgages. This keeps companies from being forced to artificially mark down bonds/mortgages below the value of the underlying mortgages and real estate. b. This move creates patience in the market and has an immediate stabilizing effect on failing and ailing banks—and it costs the taxpayer nothing. III. CAPITAL GAINS TAX a. Remove the capital gains tax completely. Investors will flood the real estate and stock market in search of tax-free profits, creating tremendous—and immediate—liquidity in the markets. Again, this costs the taxpayer nothing. b. This move will be seen as a lightning rod politically because many will say it is helping the rich. The truth is the rich will benefit, but it will be their money that stimulates the economy. This will enable all Americans to have more stable jobs and retirement investments that go up instead of down. This is not a time for envy, and it’s not a time for politics. It’s time for all of us, as Americans, to stand up, speak out, and fix this mess.
Erwin's TV Commercial
by Deputy ()It looks like Keith Erwin is out spending incumbent Don Barrington. Take a look at the video below. Tell us your thoughts on what Mr. Erwin has said. It would great if Mr. Erwin and Mr. Barrington would do some interviews. The Deputy
