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Democrats

High-Speed Rail: Incompetent & corrupt bureaucrats

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The California train-to-nowhere has proven once again that incompetent bureaucrats run California. In a recent article by the Fresno Bee, these incompetent bureaucrats have to tear down a bridge that they are building due to safety issues. And the Fresno Bee rightfully states:

how do we know if anything it has built is safe?. If the rail authority can’t build in the flat lands of the valley, how can they be expected to build safely in the seismic areas of Los Angeles and the San Francisco Bay Area?

This could have been prevented, and one person that could have stopped this boondoggle is the incumbent Controller and my opponent Betty Yee. Unfortunately, Betty Yee is not interested in protecting taxpayers but protecting her political backers that have filled her campaign war chest with over a million dollars in contributions.

The Controller must protect the taxpayer, and that is why the Controller has independent audit authority and can cut funding when a project or program doesn’t comply with the law; which the HSR project doesn’t comply with Prop. 1A funding parameters requiring 1/3 from the federal government, 1/3 for private investment, and 1/3 from the state.

As Controller, I will investigate and audit this project to expose the waste, fraud, abuse, and corruption and will stop payments until the project complies with the law.

Almost four years in office she has done nothing to protect taxpayers. She has failed to do her job, so much so, that the federal government has begun an audit investigation into this project.

We can’t afford four more years of Betty Yee. It is time to replace her and elect Konstantinos Roditis as California’s next State Controller.


Konstantinos Roditis is a candidate for California State Controller. You can learn more about his campaign at cacontroller.com, and you can follow him on Twitter & Facebook.

Mr. Roditis a candidate for California State Controller. He is an entrepreneur and owns several companies. He graduated from UCSD with a B.A. in Political Science/International Relations. He's a former City Commissioner with the City of Anaheim, CA. He's a Conservative Constitutional Federalist. Follow him on Twitter @KonRoditis

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4 Comments

4 Comments

  1. Jeff Hardoin

    June 27, 2018 at 10:14 am

    Wow! Talk about a politically motivated editorial. The Fresno Bee quote is actually from a letter to the editor, not an article in the Fresno Bee. How this issue relates to the Controller’s job is beyond me. The bridge was built without High-Speed Rail’s knowledge. It is the builders fault and that is why it is being torn down. The builder did not use the proper materials as agreed upon in the construction contract. It was noticed upon inspection after it was built. It will be re-built at the builder’s expense. Too bad Mr. Roditis tried to use this to further his campaign and not use the facts!

    • Konstantinos Roditis

      June 27, 2018 at 12:41 pm

      Well, it is related to the Controller’s job because she has refused to audit this crazy train. It does not comply with the will of the voters. We approved Prop 1A and we expected the train would be funded by 1/3 the state, 1/3 the federal government, and 1/3 private investment. No private investment, the feds stopped funding and are auditing this boondoggle, and should have cost around $35 billion and now it could cost up to $98.1 billion. That includes making large portions of the track not high-speed but only up to 110 mph. From 800-miles of track to 520 miles. Completion date from 2020 to 2033. This does not comply with the will of the voters and Prop 1A, and the Controller should stop payment immediately until it complies with the will of the voters and Prop 1A. But Jeff, I wouldn’t expect you to agree with me since you happen to work for the HSR. Next time don’t use an IP Address that comes up, remote.hsr.ca.gov. We should rather dump this and actually look at technology that isn’t from the 1970s and by your estimations will only help traffic congestion by 1%. We can examine HyperLoop technology that actually has private funding or better yet skyTran technology that can actually help with traffic congestion, reduce pollution, and not need endless government subsidies. You see Jeff, as an actual CEO and CFO in the private sector, I look at how to do things better, faster, and cheaper. I’m not a lifelong bureaucrat like Betty Yee.

      • Public Citizen

        June 27, 2018 at 9:33 pm

        I agree with most of what you say but I would characterize what you term as “the will of the people” as the ~mandate~ for the project to move forward, being the constraints under which the directors of the project were instructed by the Voters as conditions and restraints for the very purpose of preventing the multi-billion dollar boondoggle that the project has morphed into.
        As for looking at alternative technologies, lets take a hard look at a transportation system that has been in daily reliable operation for more than 50 years and can easily be tweaked with current commercial level engineering and technology to meet the specifications laid down in the measure approved by the voters. I have in mind the Allweig Monorail System which made its demonstration project premiere in the USA in the early 1960s.
        Politicians and those with limited imagination have dismissed the system as simply an amusement park ride since the demonstration system was first built as an attraction at Disneyland. The system has proven its reliability, economy, and flexibility by being used as the principal means of transportation at Walt Disney World, connecting multiple hotels to the widely scattered attractions of the area.
        We can no longer allow those with limited vision or imagination outside of the area of skimming the maximum amount from a public project for their own private pockets, which a comprehensive audit of the Cal. HSR Project will demonstrate

        • Konstantinos Roditis

          June 27, 2018 at 9:45 pm

          I live in Anaheim and was a City Commissioner in the city and there was a discussion on the monorail here but I think there is better technology out there that will even work better. So far, I think skyTran is the best solution out there and requires no ongoing public subsidies and is extremely cost effective. Here is the link, check it out:

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Democrats

The real reason Ocasio-Cortez is afraid of the press

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The real reason Ocasio-Cortez is afraid of the press

For at least the second time, reporters were barred from covering an event featuring Socialist Democratic darling Alexandria Ocasio-Cortez. The campaign’s reason: we want attendees to feel comfortable since there’s so much national press covering her.

This is an absolutely ridiculous excuse, of course. Nobody goes to a campaign event without knowing the press will (should) be there. It doesn’t make them less comfortable and may actually give some a sense of security knowing the answers to their questions will be judged by more than the audience at hand. That’s one of the reasons for the press in the first place, to give information about an event to people who cannot attend.

Instead, the press is getting another roadblock:

Ocasio-Cortez bans press from covering campaign event

http://www.foxnews.com/politics/2018/08/17/ocasio-cortez-bans-press-from-covering-campaign-event.htmlAlexandria Ocasio-Cortez, the Democratic socialist star running for New York’s 14th congressional district, is facing criticism after her campaign banned journalists from covering a town hall meeting with voters this week.

The Queens Chronicle, a local news outlet, reported that the campaign for the 28-year-old progressive prevented reporters from attending a campaign event in Corona on Sunday, even though it was open to the rest of the public. The campaign reportedly barred reporters from a prior event as well.

It’s conspicuous that a local publication was barred because it runs contrary to the narrative the campaign is trying to sell. So why is she being hidden from reporters at these types of events?

My Take

It’s clear that her exposure is her best friend and worst enemy. Being talked about is a politician’s best friend on the campaign trail, but it also offers a risk of failure. This is most common in events like the town hall meetings she is holding because she’ll be forced to think on her feet.

What if she can’t think on her feet? What if her answers when placed in an unscripted situation the type of answers many would expect from an inexperienced socialist?

Until she’s ready to handle the pressure of having press cover these events, she won’t be ready to hold public office at this level. The House of Representatives isn’t for people who need to be protected from their own answers.

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Culture and Religion

Bettie Cook Scott is a racist politician. And she’s a Democrat.

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Bettie Cook Scott is a racist politician And shes a Democrat

Racism is owned by the Republican Party. That’s the narrative the press and their handlers, the Democratic Party, wants America to believe. Someone forgot to get that memo to Michigan state representative Bettie Cook Scott.

Detroit Rep. Bettie Cook Scott on Asian opponent: ‘Don’t vote for the ching-chong!’

https://www.metrotimes.com/news-hits/archives/2018/08/16/detroit-rep-bettie-cook-scott-on-asian-opponent-dont-vote-for-the-ching-chongMore than a dozen community groups have called on Rep. Bettie Cook Scott (D-Detroit) to apologize for a series of racial slurs sources say she used to describe her primary election opponent, Rep. Stephanie Chang (D-Detroit).

Scott is alleged to have referred to Chang as “ching-chang” and “the ching-chong” to multiple voters outside polling precincts during last Tuesday’s election. She’s also said to have called one of Chang’s campaign volunteers an “immigrant,” saying “you don’t belong here” and “I want you out of my country.”

My Take

There are two important takeaways here. First is the hypocrisy surrounding Scott, a (formerly) rising star in the Michigan Democratic Party. If the comments she made were spoken by anyone other than a Democrat, the calls wouldn’t be for an apology. The press and social groups would be calling for her to step down and jump into a hole somewhere.

The second point is that in the real world, the one not seen through the lens of liberals and the media, racism exists everywhere. It is not owned by Republicans, conservatives, old people, white people, or any other classification. One can even make a valid argument that it’s no more prominent in the Republican Party than it is in the Democratic Party that supports groups like Antifa and Black Lives Matter.

Racism must be eliminated from society. That will never happen as long as so many people naively believe it only exists in the minds of certain people on the political right. It exists everywhere. Accept that and we can work to make it stop.

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Democrats

Elizabeth Warren introduces dangerous anti-capitalist bill

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Elizabeth Warren introduces dangerous anti-capitalist bill

Elizabeth Warren made a big announcement this week in introducing her new bill called the “Accountable Capitalism Act.” Her bill aims to “eliminate skewed market objectives” and return America to an era in which “American corporations and American workers did well together.” It’s unclear when the utopia like conditions were according to Warren; however her website lists the 1980’s as the time period in which corporations shifted focus to maximizing shareholder returns. In any business college, it is taught that the job of a CEO is to maximize shareholder wealth. Senator Warren wants to shift this mentality with her new bill. In the statement on her website, she asserts that the “shift” has led to booming profits and less reinvestment into the companies themselves. She claims that wages have not increased despite booming corporate profits. Elizabeth Warren then moves to make the argument that the top 10% owns 84% of American stock and only 50% of households own stock. Thus, she claims, that this reinforces a cycle of the rich getting richer. This is a growing socialist sentiment that poor people, and even middle class, are incapable of affording stock. The main bullet points are outlined below. Read the text of the bill here.

Office of United State Corporations (more government!)

The bill creates a new administration within the Department of Commerce. Corporations earning more than $1 billion in revenue are required to obtain a charter from the federal government, per this new created office. The charter obligates these large corporations to consider the interests of all stakeholders. Failure to obtain this permit to exist results in loss of corporation, which in business terms mean, it would no longer be treated as a separate entity. Therefore there would be no liability protection. The Director of this office would be a Presidential appointee and requires Senate confirmation. The term last four years. Warren seeks to create a new and powerful tentacle of the Federal government.

Employee Chosen Board of Director

Employees, not shareholders, will have the ability to choose no less than 40% of a company’s board of director. This bullet point is perhaps the most ridiculous and anti-capitalist. Company boards serve to set goals for the company. The board is usually chosen by investors. In the world of private investment, the board of directors is a bargaining chip for control of the company, as opposed to just percentage of stock. Warren’s bill doesn’t outright say it, but she wants unions to control company boards. Meaning instead of the company’s interest, the board will be powerful weapon of the union. Boards start out as founding members, investors and their appointees, and neutral parties because entrepreneurs and investors craft such interesting deals. Insisting that 40% must be elected by employees renders a board relatively useless for small investment worthy companies or inflates company boards well beyond what they should be for their size (ie small company with GM size board.) This will possibly lead to more empowered officers and weakened boards so that CEOs can perform their fiduciary responsibilities without a labor union threatening their disposal. This could also make companies more risk adverse because undoing mistakes, laying off workers, and other rainy day measures are now more difficult to undo. Ultimately this would empower worse CEOs, ones who aren’t as interested in shareholder wealth. The Securities and Exchange Commission along with the National Labor Relations Board are responsible for enforcing this part of the act, as further indication that this applies to all corporations. Stiff daily fines are to be imposed for failing to comply.

Government control of stock options

Elizabeth Warren claims top executives are compensated mostly with stock options. Her bill restricts these executives ability to sell their shares for five years so that they can focus on long term company success. Basically these executive will be given stock, but will have no real ownership of that stock. This would be the government restricting private property. These types of issues are best left to corporations and shareholders who already impose vesting periods to ensure the same exact goal.

Supermajority for political expenditures (not for unions)

This is a jab at Citizens United because Elizabeth Warren and others are butthurt about the outcome of a critical first amendment case Supreme Court case. It forces company shareholders to vote in order for a corporation to make any political expenditures. It imposes a 75% supermajority threshold. Conspicuously absent from this requirement are labor unions.

Revoking of charter

The corporate charter resembles a “rule of club” for large companies. If they don’t meet the requirements of their charter or have a history of illegal activity, they will have their corporation status removed in time. The question is how political will the enforcement of these charters be? Will there be a separate set of rules for democrats and republicans? If the rest of government is any indication, the answer is clearly foreshadowed.

Closing Thoughts

The socialist movement wants to fundamentally change the purpose of starting a business and running a company. This would most certainly lead to lower caliber CEOs. The bill makes no mention of labor unions yet it’s intentions are clearly to empower them in companies that still allow them and to create politics in organizations that do not. This ideas pressed fourth in this bill are sure to gain traction, just as “Medicare For All” became a socialist rallying point. It brings about questions of how business literate politicians like Senator Warren are? Do they fundamentally misunderstand what a corporation is, or do they not care? The bill aims to reduce a shareholder’s power and return on investment which will only hurt our economic growth. While Elizabeth Warren’s bill isn’t socialist, it is heavily anti-capitalist.

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