Sunday, April 15, 2012

Click To Enlarge Mike Chenault's Ego

I think I need the click to reduce option

It's the end of another legislative session and there's another showdown between the Alaska Senate and the House on ACES reform.  House Speaker, Mike Chenault, had the bill his branch of the legislature passed,  re-worked by the senate.  The house bill was the $2 billion/year giveaway to the major oil companies; the senate throwback to him just addressed giving credits to companies that would increase production but the senate version kept most of the rest of ACES intact.

Armstrong Oil & Gas Inc., one of Alaska’s new independent oil producers was in favor of the Senate version.  Mike didn't even allow the house to vote on the bill the senate sent over, but rather used a procedural ruse that prevented it from even getting out of the Rules Committee. Soldotna's representative in the house, Kurt Olson, was Chenault's partner in this latest attempt to give away state money to the richest corporations in the world.

A few years back, Mike proudly wore his CBC  (Corrupt Bastards' Club) cap.  He's presided over the House during some of the most stunning financial fiascoes in state history (Goose Creek Prison, the Port of Anchorage, the Knik Arm bridge, etc).  He gave himself a back-door raise with a bill that let legislatures pocket the money that was allocated for office expenses, and has gone golfing in the lower 48 on the state dime.

Just what are his qualifications to have such a powerful position in the state?  Well, he's got a high school diploma.

He has no background in finances, in petroleum engineering, or economics.  Well, he does represent Nikiski and I guess that might explain it all. 

Mike is simply a tool for Conoco Phillips.  The version of tax reform he is trying to push through comes with no strings attached.  The majors have pledged to do some development if the House version passes, but aside from loose figures far below the credit they would be given, there is no language requiring them to invest the money back in Alaska.

And Chenault (and Olson and Gov Parnell) think this is reform?

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