Apr 3, 2010 | Posted by: roboblogger
" Rep. Don Young treated a local Republican luncheon crowd to a forceful speech on Friday, decrying the "socialists" who have swelled the size of government in the past year and bemoaning regulations that he says continue to limit development in Alaska.
Don Young sounds like quite a character.
I am a former stock holder in Alaska Communications. I sold my holdings a little while ago because the company hasn't made much of a profit for a good while, even though it has U. S. government contracts and laid that undersea cable to Washington state that should have opened up the way for lower cost communication, if there were businesses in Alaska with anything to say to the lower 48.
I don't know Sheldon Fisher, and I am in no way writing to support him. It seems to me, though, that Mr. Young is substituting a wild rant for the insight and informed, analytical thought that any representative of any state owes his constituents.
Go to the MSN Money website and check who owns most Alaska Communications stock. You will find it is the fund companies. I guarantee you that they care nothing about Alaska. They own the stock because it pays a high dividend. And they are starting to sell large blocks of the stock. Why? Because sooner or later the company won't have the money to pay its dividend. Basically the fund companies are using Alaska Communications as a cash cow.
The question on my mind when I started to look for news from Alaska remains the one I will ask now, except it is more urgent. What is being done to develop the businesses of Alaska? They would provide communications traffic for a communications company. For years the conventional wisdom on Alaska Communications has been that it will make money when tourists visit the state in the summer and lose money during the winter. Your Representative surely doesn't make me want to come back and eat salmon around a camp fire.
In my humble opinion, one place to start might be to look at how Canada farms its forests. When I visited Alaska, I was amazed by the forests full of dead trees. I gathered that the National government had decided to let the forests go in such a way in order to avoid clear-cut lumbering. There is a middle path, though, and that is selective timbering with reforestation. It seems strange that your Representative just bellows about laws that have been passed, instead of looking around at his state and asking a few informed people to help him craft useful legislation that has half a chance of passing. President Obama seems to have an open mind, as the died-in-wool liberals will tell you, though not in such kind words.
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