Harvey Kronberg's Quorum Report - Mobile

January 7, 2019      5:49 PM

Grusendorf: Sunlight Ahead for the Great State of Texas

Former GOP House Chairman Kent Grusendorf weighs in on the changing of the guard in the lower chamber

Texans are getting encouraging signals from incoming Speaker to be Dennis Bonnen that he is open to returning the office of speaker to a more traditional role –that of a presiding officer, not a commanding officer.  This is a very encouraging signal for democracy coming from the new incoming speaker.

At a recent event in East Texas, Bonnen was quoted as saying:  It is not the speaker’s job to tell [house members] the answer to the question. You might identify the question, but you don’t provide the answer. You provide the leadership to ensure that we get to a solution."  That comment is a very good signal for progress.

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By Kent Grusendorf

January 3, 2019      4:05 PM

Grusendorf: Fed up

Former GOP Texas House chairman Kent Grusendorf argues that “if the federal government, through monetary policy, drugs the economy for an extended period of time, it must use an ultimate degree of caution when it manipulates the withdrawal.”

Federal Reserve Chairman Jay Powell is correct; interest rates have been far too low for far too long.  However, current Fed actions are creating extreme havoc upon the US economy.  That is not unusual, as most modern recessions have been caused by poor monetary policy implementation by the Federal Reserve.

For 126 months, ten and a half years, the Fed did not raise interest rates.  Yet, over the past couple of years they have raised rates nine times.  Additionally, the FED is reducing its balance sheet by selling bonds.  Both actions create a drain on liquidity thereby slowing the economy.  

Timing is everything.  

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By Kent Grusendorf

December 3, 2018      6:11 PM

Pauken: How to win by losing

From the Right: Former Texas GOP Chairman Tom Pauken argues Beto O’Rourke will be the first Democrat in modern history to run statewide in Texas whose career isn’t ended by his loss

Beto O’Rourke may have narrowly lost the race for the U.S. Senate in Texas to Ted Cruz (the final results show Cruz with 51% of the vote and O’Rourke 48%), but he outperformed any Democrat in a statewide race since the 1990s.

 Moreover, he was able to raise and spend over $70 million in his campaign, the largest sum ever raised for a Senate race in Texas – and nearly twice as much as the incumbent Ted Cruz raised.

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By Tom Pauken