Last week, I voted against the Agriculture and Nutrition Act of 2018, better known as the Farm Bill. I suspect this bill will come back, and I hope that we’re able to make it a better bill in the process. Part of what was occurring here was also about leverage with regard to a vote on immigration...and that debate is still up in the air as well.
Yesterday, the House voted on a bill H.R. 5698, which would expand federal criminal laws against harming or attempting to harm police officers. The bill passed 382 to 35, I along with 10 of my Republican colleagues voted against the bill.
During my entire time in politics, I’ve consistently fought against and voted against special use legislation. In many cases, the intent of this type of legislation is well meaning and may even deliver in measurable good - but if one believes in the themes of equality under the law, this type of legislation is harmful.
Unlike the vote I described in yesterday’s post which was about a bill that had been relatively rushed through the process, H.R. 5444 comes on the heels of a series of 13 hearings and roundtable discussions held by the House Ways and Means Oversight Subcommittee over the past three years.
A cardinal rule of business is to take care of the downside. If one does so, the upside has a way of taking care of itself. Unfortunately, too often people focus only on the upside, and the downside ends up eating their lunch.
Yesterday, I posted a floor speech by Jim Jordan - that if you’ve not seen yet, you ought to look back at yesterday’s post to view.
Sometimes a picture tells a thousand words...and such was the case when I got into the elevator yesterday just prior to the vote on the omnibus. Rep. Maxine Waters - a California Democrat - was in the elevator and exclaimed to a number of us “I’m so happy that you all put all the things I wanted in the omnibus!”
A cardinal rule of finance is that return of principal matters first and foremost. Once you know you’re going to get your money back, you can then focus on the return on your principal.