AllByDesign
Who's this ABD guy??
To me its a bit of a gray area ABD, and touches on several other socio-political & economic realities going on in the states right now. That the GWI is a pseudo political right wing "think tank" make no mistake. The information thats been available in the public domain for quite some time now is sufficient enough for most Lawyers to determine whether or not the deal struck is legal or illegal, despite GW's constant refrain that they "still need more inf. & time to study". Thats just BS, Looking at it cynically, they could well have arrived at the conclusion that, "ya know what?, its legal, but just barely, and fact is we simply dont like it from a philosophical perspective". So rather than take it to court, they run interference with the letters to underwriters & banks, investment agencies and the like; artificially inflating the interest rates with End of Days claims, These are unelected individuals forcing their will, their ideals, on those that were duly elected by the people.
The question remains; is GW running interference & blocking the deal because its illegal or are they doing so because they simply disagree with the structure & philosophy of it; wanting to close all loopholes in the Az Constitution that the COG is about to drive a Mack Truck through, and doing so legally?. They know they cant win in court, dont want to be painted the bad guys, so have taken the fight to the stakeholders, media & public. I mean, lets face it, the breadth & depth of what Glendale is doing would be equally breathtaking in any other state, none of which even have Gift Clauses' in their Constitutions. But if it is legal, and this has been Goldwaters game all along, whats worse?. The taxpayer being screwed over by a lousy deal or the loss of governance and representation by elected officials through subterfuge by special interest groups with their own agendas?.
I know by this time in the day this is old, but I wanted to touch on it as you have made consecutive posts to me in the same vein. I wanted to acknowledge that I get where you are coming from.
You and I wear the same clothes when it comes to extremely conservative think tanks run-amok with actual due process by elected officials. Saying they know better than the will of the people is very presumptious. On a personal note I have a strong disdain for the Republican party. I feel comfortable in Conservative clothes in Canada, but the GOP has made being Conservative in the US party of the allegance of cronyism.
I know my opinons have not appeared to allign that way since I am a critic of the Hulsizer deal. Make no mistake that my stance of the deal between the COG and Hulsizer is not a justification for the actions of the GWI. The only reason I have not been equally as critical of them is because the laws of the State allow the GWI to use such avenues. It is the people of the State of Arizona that must find the necesity to close that door by ammending their constitution. Since that has not occured we cannot put the rights of one level of governement ahead of the rights of another level. The state provides for these actions until such a tyime the people decide it needs to be changed.
IS that why you think Walker is in there and not Hocking? Hardly. Walker is in there and Hocking is not because the inclusion in a bond offering was part of Walker's mandate - not Hocking's. As I am sure you know, inclusion in a bond offering imposes certain risks of liability on consultants. You don't put a report in a Final Statement or OM just because you want to. You need to retain a consultant for that express purpose. That is what CoG did. IT is not at all a comment on the veracity of Hocking's calculations any more than the number of pages is a comment on veracity of the two reports.
With a lack of time last evening I kept an answer brief to my detriment. The Hocking report on its face is not teh reason it is flawed. Of course we cannot argue that from the standpoint that because it shows favorable results, it is wrong etc etc.. I put more weight in Walker for two reasons. The first being reputation. Walker has the background to be considered an 'Authority' on parking specific forecasts. The second reason is because Walker takes the previous revenues (or lack of) into consideration to their forecasts whereas Hocking does not. There will be a substancial "ramp-up" time that will need to occur before they can realize "maximum output" on revenue.
I apologize for the lateness of these responses.