We’ve all been reading about the negative impacts all around the United States as a tremendous number of people are going into default on their sub-prime home loans, and they say that the situation is likely to get worse. Millions of American families seem to have overextended themselves, getting into interest-only variable rate loans that are now coming back to bite them as their short-term low rate is now adjusting to a higher one. Clearly many of these folks taking out these sub=prime loans were the victims of predatory lending practices by the "used car salesman" class of mortgage brokers, and many others still are regreting their efforts to ‘game the system’ as rates go up. California being the largest state in the nation, we are the most-impacted by this situation.

Believe it or not, some are advocating a taxpayer bailout for all of these subprime lending companies, and for those who took risks on this loans. Of course, such a bailouot would mean that all Americans are paying the price for the imprudent decisions made by some. Completely unfair.

Assemblyman Chuck DeVore recently published a column in the Orange County… Read More

It would seem that the more that a microscope is applied to the dealings of Assembly Speaker Fabian Nunez, the more it shows a pattern — that absolute power does corrupt absolutely. One can probably figure that at some point Nunez was, well, like the rest of us. You know, work hard and don’t take anything for granted? But at some point, or maybe slowly over time, the big gavel of being the Assembly Speaker has gone to the man’s head.

CHARITY-GATE Just after weeks of articles and investigative reports into the lavish and expensive expenditures from Nunez’ campaign coffers that appear to be supporting a lifestyle otherwise unattainable for a public servant, now the Los Angeles Times has revealed a startling and disturbing pattern… Read More

The San Gabriel Valley Tribune’s Editorial page, like that of most newspapers,is normallya veryreliable source ofleft-wing drivel.

So imagine my shock at this – they’ve endorsed FR’s own Mike Spence’s re-election for West Covina School Board. I guess it’s true what they say about broken clocks — or in this case, lefty rags — even they can be right once per election.

Read what they have to say:

A good team for W. Covina schools LIKE the Beatles sang, West Covina schools are "getting better all the time." A lot better.

The school board’s relentless focus on academic performance and safety have produced huge improvements in student reading, writing, math and science scores. In the last five years, eight West Covina schools were named "California Distinguished Schools" (including West… Read More

It would seem that the more that a microscope is applied to the dealings of Assembly Speaker Fabian Nunez, the more it shows a pattern — that absolute power does corrupt absolutely. One can probably figure that at some point Nunez was, well, like the rest of us. You know, work hard and don’t take anything for granted? But at some point, or maybe slowly over time, the big gavel of being the Assembly Speaker has gone to the man’s head.

CHARITY-GATE Just after weeks of articles and investigative reports into the lavish and expensive expenditures from Nunez’ campaign coffers that appear to be supporting a lifestyle otherwise unattainable for a public servant, now the Los Angeles Times has revealed a startling and disturbing pattern… Read More

First off – a big Thank You to the Howard Jarvis Taxpayers Association. Yesterday I posted about my real concerns in receiving a grade of "B" from their legislative report card and I included a letter I had sent Jon Coupal. (you can read it a few posts below this one – just scroll down)

They responded immediately and are going to put an asterisk by my grade on their website and provide a more detailed explanation as to how excused absences can effect a legislator’s grade (in my case adversely – but I actually think it improved a couple of Democrats’ scores). They are also going to explain this in their upcomingnewsletter.

Today, Cal-Tax – another fine organization committed to protecting the taxpayer – gave me a perfect 100% on their legislative vote record.

I don’t normally use this space to crow about rankings I receive from interest groups, but as much as I was concerned yesterday about HJTA’s low ranking of me – because they counted votes I missed due to illness and recovering from surgery… Read More

Welcome to the first-ever FlashReport Podcast — a one-on-one interview with Presidential candidate Fred Thompson!

Our plan was to kick-off our new podscasting feature after the first of the year with a new weekly podcast, where we would bring you interviews with many of the opinion leaders here in California that impact the politics and policy for the Golden State — and we still plan on doing that.

But when I had an opportunity to chat over the phone with GOP Presidential candidate Fred Thompson, I asked if we could go ahead and record the call to put up on the site, I quickly called my developers and said, "I know this is short notice, but can we scramble to get our first podcast up tomorrow??"

Fortunately they were able to pull it off, and below you can access my first interview — with Senator Thompson.… Read More

Axium: When I fly to or from Sacramento, I always run into at least one person I know, or know of…

Today I’m flying up to Sacramento to participate in a meeting of the California Chamber of Commerce’s Business Advocacy Council. They are looking at what to do on Proposition 93 (the Nunez-Parata “Career Politician” Term-Limits Weakening Act). I am sitting second chair to Kevin Spillane as we explain why businesses in California lose if 93 passes. I believe that the “Yes on 93 ” presentation will be made by Fabian Nunez’ Chief of Staff, Dan Eaton.

Back to that axium. On the flight up from Orange County, I’ve been enjoying a nice chat with former GOP Assemblyman Tom Mays, now a big wheel for Pacific Life. Also flying up on this Southwest flight is Jen Johnson, a leader in the CWLA. She’s headed for the Chamber event as well.

We’ll see if the axium holds up for the flight home later today…… Read More

The read of the afternoon is over at Capitol Weekly (www.capitolweekly.net) where ace political writer Anthony York has written about the potential role that GOP Insurance Commissioner Steve Poizner may be taking in opposition to Prop. 93, the Fabian Nunez Career Politician Term Limits Weakening Initiative.

Not only has Poizner signed the official argument against 93 on the ballot, but word is swirling far and wide that Poizner’s opposition to 93 may come with access to the Commish’s VERY deep pockets. Literally almost a billionaire, Poizner could deliver a fatal blow to Nunez’ Christmas present to himself without breaking a sweat.

Taking on the liberal legislative leaders in Sacramento is a courageous act, and we know that Poizner is up for the challenge. We sure hope that this "swirling rumor" becomes a reality. Poizner would be doing a huge favor to the people of California. Go for it!… Read More