Penny PressNevada, USA Volume 7 Number 24 MARCH 4, 2010

THE PENNY PRESS,MARCH 4, 2010 PAGE 2

PennyPressLogotype Pointedlymad licensed from: Rich Gast

Credits:Publisher and Editor: Contributing Editors:Fred Weinberg Floyd Brown Al Thomas Circulation: Doug French Bill HereCharlotte Weinberg John Getter Pat Choate Joyce Meyer Wyatt Cox

The Penny Press is published weekly by Ely Radio LLC All Contents © Penny Press 2010

Letters to the Editor are encouraged. They should be sent to our offices at 335 W. 4th Street Winnemucca, NV 891445 They can also be emailed to: pennypresslv@gmail.com No unsigned or unverifiable letters will be printed.

702-740-5588 Fax: 702-920-8215

www.pennypresslv.com

By HOWARD RICHSpecial To The Penny Press

As America loudly repudiates the leftist agenda of President Barack Obama and his Congressional allies, a group of partisan GOP opportun-ists is busy promoting a theory of

“Republican revisionism.”What does this theory hold?Namely, that the GOP wasn’t

“all that bad” – and certainly not as bad as the socialist hordes who have ostensibly pushed America to the brink of financial ruin over the last year. In advancing this theory, the GOP is looking to recast itself as a

party that can be trusted with your tax dollars – while simultaneously attempting to reframe the legacy of the President (and dozens of other GOP politicians) who couldn’t be trusted with your tax dollars.

This effort is most clearly vis-ible in the GOP’s recent attempts to co-opt the Tea Party movement. It can also be seen within the opportu-nistic machinations of former House Speaker Newt Gingrich, who has been pushing a new “Contract with America” in spite of his obvious betrayal – and subsequent scuttling – of the original movement fifteen years ago.

The GOP’s new revisionist mes-sage was summed up in a billboard that appeared recently on Interstate 35 in Wyoming.

“Miss me yet?” a smiling picture of former President Bush asks pass-

ing motorists.In a word? “No.”What this theory of “Republican

revisionism” lacks is even a tan-gential basis in fact. That’s because Republicans – at least prior to the election of a Democratic Congress in 2006 and a Democratic President in 2008 – were engaged in precisely the same policies they now spend all of their time railing against.

Honestly – why do you think they were booted out of power in the first place?

Republicans are no strangers to massive government overreaching.

For example, President Bush responded to the September 11 ter-rorist attacks by creating a huge new government bureaucracy, imple-menting an Orwellian domestic wiretapping capability and engaging our military in two costly foreign

wars with no defined objectives and no exit strategy.

Meanwhile, he supported the unconstitutional suppression of free speech by signing so-called “cam-paign finance” reform, dramatical-ly stifling the ability of the public to criticize incumbent politicians. Fortunately, the Supreme Court has since overturned several of McCain-Feingold’s most anti-First Amendment provisions.

Bush and his cronies loved pork barrel spending, too. In 2005 – over the strenuous objections of taxpayer advocates – he signed a massive $286 billion transportation bill that included 6,371 pet projects inserted by Republican and Democratic law-makers. The bill was a pork-fest that dwarfed previous Democratic transportation boondoggles.

Why did a Republican President

Penny PressWINNEMUCCA, NEVADA 16 PAGES VOLUME 7 NUMBER 24 MARCH 4, 2010

Penny WisdomHistory will be kind to me for I intend to write it. —Sir Winston Churchill

The Conservative Weekly Voice Of Las Vegas

Inside:MGM Makes Gaming An Inviting TargetSee Editorial Page 6

FLOYD BROWN PAGE 5FRED WEINBERG PAGE 6DOUG FRENCH PAGE 7AL THOMAS PAGE 10WYATT COX PAGE 11JOYCE MEYER PAGE 12PET OF THE WEEK PAGE 15

Let's Be Careful Revising GOP History

Commentary

Continued on page4

sign such a monstrosity?“The president has to work with the Congress,” a Bush spokesman said

at the time.In case anyone forgot, Republicans controlled both the U.S. House and

Senate in 2005.Bush and his GOP allies also fought to create new entitlement spending

– including a prescription drug benefit to Medicaid that has cost taxpayers hundreds of billions of dollars. They federalized education with No Child Left Behind, although erasing the “soft bigotry of low expectations” has done nothing to bridge America’s achievement and innovation gap with the rest of the world.

Perhaps most revealing, for the vast majority of his administration, the “conservative” Bush kept his veto pen in his pocket – refusing to wield the one potent weapon (other than the bully pulpit) that could have been employed on behalf of American taxpayers.

As a result of Bush’s fiscal recklessness, budget surpluses turned into deficits and a $5.7 trillion national debt soared to $10 trillion. Also, Republicans are quick to forget that Bush is on the hook for a considerable

portion of the unsustainable spending that is currently driving our debt even further into the stratosphere.

Indeed, Bush cemented his anti-free market legacy in late 2008 with the passage of the Troubled Asset Relief Program (TARP) and tens of billions of dollars worth of automotive bailouts – additional examples of his kneejerk tendency to resolve every crisis faced by the nation with an unprecedented expansion of government power and taxpayer debt.

Was Bush a better steward of your tax dollars than Obama?Yes – but that’s the problem. Getting mugged worse the second time

around doesn’t absolve the first thief of his culpability.The simple, unavoidable truth is that Bush and his GOP allies were fiscal

liberals, and no amount of “Republican revisionism” can erase that fact.

Howard Rich, chairman of Americans for Limited Government, is a Liberty Features Syndicated writer.

THE PENNY PRESS,MARCH 4, 2010 PAGE 4

In A Word, NO!Continued from page 3

ObamaCare Coming Over America’s Objections

Open wide: ObamaCare is about to be shoved down your throat.

As the dust settles after the seven-hour Obama talk-a-thon called the health care summit, it is obvious that Obama never intended to actually lis-ten, or consider compromise despite America’s desire for just that.

Americans don’t like ObamaCare for simple reasons. It doesn’t treat Americans equally. Because of the

special deal for Louisiana, the $600 million hospital in Connecticut and the Medicare Advantage protections for some Florida seniors while it is cut for others is unequal treatment, and it is wrong.

America is broke and cannot afford another trillion dollars in new entitlement spending. It will destroy your freedom to determine your own health care and treatments.

Within minutes of the sum-mit, Politico reported, “Democrats plan to begin making the case next week for a massive, Democrats-only health care plan…A Democratic official said the six-hour summit was expected to ‘give a face to gridlock, in the form of House and Senate Republicans.’ Democrats plan to

begin hear, and perhaps legislative, steps toward the Democrats-only, or reconciliation, process early next week, the strategists said.”

Senators call reconciliation the nuclear option. Rush Limbaugh says it’s “a suicide pact.” The traditions of the United States Senate will end with this tyrannical manipulation of Senate rules un-witnessed previ-ously in American history.

Why call it a “suicide pact?” Simply put, the American people have overwhelmingly said “no” to ObamaCare, and Democrats don’t care. They’re sneaking around behind closed doors, cutting deals, breaking the rules, threatening legis-lative trickery and making a mock-ery of our legislative process and traditions, and they don’t care.

And yes, the fix is already in. In the coming days, Nancy Pelosi will attempt to pass Harry Reid’s Senate version of ObamaCare in the House of Representatives and she’ll over-come liberal objections to the Senate version of ObamaCare by promis-ing her fellow liberals that those objections will be resolved when the Senate amends ObamaCare through legislative reconciliation a process that will take a filibuster off the table.

ObamaCare being passed could end political careers and the Democrat party’s majority in Congress, and they still don’t care.

Why don’t they care? They don’t care because Obama, Pelosi and Reid are hard-core ideologues on a personal mission to transform the United States into a socialist country and they’re not going to let anything including the American people stand in their way.

Obama believes in the nanny-state. He actually believes that the United States would be a much better place if he simply had the power to tell you what to do, how much of your money you can keep, where you can live, where you can work, where your children can go to school. In short, he wants control

over every aspect of your life. And, as with his effective take-

over of the banks and the auto indus-try and his plans to institute so-called Cap-and-Trade legislation, ObamaCare is a pivotal aspect of their plan to achieve that goal. If they can tell you and your family what kind of health care you are allowed to receive, whether you live or die, Obama, Pelosi and Reid have won a major battle in their quest to control you.

The Obama strategy is clear. The summit was, as Dick Morris told us, “designed to fail” ... it was nothing more than a ruse and a stall.

Calling the summit gave Obama and Pelosi and Reid time to plot the resurrection of ObamaCare behind the scenes and it gave Obama a weak and pathetic excuse to paint Republicans as “obstructionists” and “justify” what was coming the whole time, an attempt to steam-roller Republican objections through legislative shenanigans and shove ObamaCare down our throats.

Naive Republicans fell for the trap. Desperate to avoid the accusa-tion that they were “obstructionist,” they gave Barack Obama all the ammunition he needed to do just that. And to make matters worse, they are totally oblivious to the fact that the American people desperately want them to obstruct ObamaCare.

That’s why we can’t wait for our political leaders to draw a line in the sand. They’re so out of touch, they simply won’t do what needs to be done. That’s why it’s up to us, the American people, to win this battle. If the tide is to be turned, it will come as a result of unprecedented action by citizens demanding mem-bers of Congress listen.

ObamaCare stinks of corrupt politics, which Americans hate. The fix is in, but if America’s citizenry roars loud enough, the tide can be turned.FLOYD and MARY BETH BROWN

THE PENNY PRESS,MARCH 4, 2010 PAGE 5

Commentary: Floyd Brown

The Penny Press Tips Its Cap To:

The Nevada Legislature and Governor Jim Gibbons for getting through a special session to balance the budget and NOT raising taxes on an already battered state. The rare bipartisan accord between the Republican governor and the Democrat-controlled Nevada Legislature closes an $887 million gap in the $6.9 billion general fund budget through June 30, 2011. This is what we are demanding in Washington, too.

Chris Powell and his staff at the Las Vegas Motor Speedway for once again, despite an awful economy, pulling off a flawless weekend. This is a poster for private enterprise. LVMS was built without any public money and remains the largest sporting venue in the state.

The Penny Press Sends A Bronx Cheer And A Bouquet of Weeds To:MGM Mirage for its cynical approach to the state's budget problems. Memo to CEO Jim Murren: We owe you NOTHING. You have a privilege license which comes with responsibility and part of that responsibility is paying what it is you actually cost the state in regulation. Shame on you. And you say you want Harry Reid re-elected? Good luck.

OK, let me get this straight.

MGM Mirage, which is 10-percent owned by the nation state of Dubai, would rather you and I pay more taxes or cut more state services than pay their fair share of the cost of granting them a license and enforcing the rules of the state. That’s about $32-million a year for the state’s gaming industry.

And, their CEO, Jim Murren, wants Harry Reid re-elected so bad that he told the Las Vegas Review Journal two weeks ago, “I think it’s un-Nevadan, unpatriotic, to go against Senator Reid and I will call out those who try.”

Up until now, I have been of the opinion that Nevada does not have a revenue problem, but a spending problem.

That’s probably still true, but I have detected another prob-lem we are going to have to do something about. That is executives of companies which hold privileged licenses who have no regard for anything except their relationships on Wall Street.

Murren, apparently, has been a big shot long enough to have forgotten that operating a gaming business in this state is a privilege—not a right—which comes with responsibilities. In some states, people who hold such licenses are not only not allowed to lobby their regulators but they are not even allowed to make campaign contributions to any official who might have some regulatory authority over them.

The holy grail of Murren and many of his fellow gaming executives is to impose a “broad-based business tax” on the rest of the state so that the gaming industry doesn’t carry the freight for the rest of the state.

The problem is that any tax we impose on the drop of the gaming industry is paid—in large part—by people who do not live here. That is one of the reasons we have been so generous—to a fault in the case of Clark County—with our room tax dollars in supporting government funded advertis-ing campaigns.

Why should we give that up to indirectly pick the pockets of our own citizens?

Because Murren and his friends say so?

The fact is that the vast majority of the gaming taxes come from slot machines. When you play a slot machine, you do not play against the house. You play against everyone else who plays the machine. In essence, it is a pari-mutuel game, just like betting at a horse track. The house takes a fixed payout off the top. In states where taxes are higher—every state but Nevada—the payback is smaller. Only the gamblers really pay the tax.

Murren and his friends seem to think that the money belongs to them.

Now we can’t help whatever stupid decisions large compa-nies made to borrow money they can’t pay back to build white elephants.

But we can certainly tell them that if they want to operate in this state, they can certainly pay the costs of regulation.

Candidly, I’m not satisfied that the folks at MGM Mirage are real, free market capitalists. They’ve been getting govern-ment handouts for so long that they have begun to act like the socialists (Harry Reid) they now support for re-elec-tion.

Their whole attitude seems to be, we don’t care about the government as long as it does what we tell it to.

Well, here’s a news flash for Murren.

At its base, his company is in the business of parting tourists from their money at house odds and making them like it.

He doesn’t produce a single thing and he is most definitely NOT a captain of industry.

And I’m getting more than a little tired of listening to a guy who is responsible for the biggest white elephant on the strip telling us who to send to Washington and that he won’t pay the costs of his own regulation.

I’m not yet sure we need more money for state government, but when we do, he has convinced me it should come out of his hide.

FRED WEINBERG

THE PENNY PRESS,MARCH 4, 2010 PAGE 6

OPINIONFrom The Publisher...

Murren Makes Gaming An Inviting Target

THE PENNY PRESS,MARCH 4, 2010 PAGE 7

Inflation As The Enemy Of InvestingIn this age of inflation, we are all forced to do many tasks that oth-

ers could do better for us. The fact is that inflation impedes the process of civilization, which is brought about by the division of labor. While, without the central bank’s continual monetary infusions, prices would gently fall as technology made all things and all people more efficient, we don’t enjoy that luxury. Instead we’re mowing our own grass, fixing the flappers in our toilet tanks, and managing our own retirement funds.

Now, pushing a mower requires little skill, is no more than an annoy-ance, and provides the benefits of fresh air and sunshine. But managing one’s retirement funds is a different matter entirely. It is an especially cruel result of inflation that instead of simply being able to hoard money, people must “invest their money into the financial markets, lest its purchasing power evaporate under their noses,” explains Jörg Guido Hülsmann in The Ethics of Money Production. “Thus they become dependent on intermediar-ies and on the vagaries of stock and bond pricing.” And unfortunately most of us aren’t neurologically wired well for the job.

But we can’t just throw up our hands and trust the state to take care of us in our golden years. Saving money isn’t enough. The state is continually making what you have saved worth less. And unless you’re a government employee, most likely you’re left with the assignment of making sure you have enough for when emergencies occur or you’re unable to work.

The typical stockbroker went from selling shoes or cars to hustling stocks after passing the Series 7 exam. Your financial future is not his or her concern; generating sales commissions is. Of course there is plenty of free advice out there, from Jim Cramer to Suze Orman. But, you will likely get what you pay for. Finding good investments is very hard work. Buying them at the right price is even harder work. Having the patience to buy at the right time and sell at the right time is nearly impossible.

Austrian business-cycle theory can give investors ideas on when to invest and what to invest in, but the Austrian School provides little in the way of analyzing specific companies and stock prices. What Hayek and Mises are to the business cycle, Benjamin Graham and David Dodd are to value investing. In their famous treatise, Security Analysis, Graham and Dodd painstakingly lay out their method for valuing stocks, looking for deeply depressed prices.

While the average amateur investor may be excellent in their own career field, it doesn’t mean they know what to invest in, or how to pick stocks. In fact being very good at your field can give you the false sense that whatever stocks you pick or your broker picks for you must be good, because after all, you picked them and you picked your broker — and you’re smart. So, no doubt those stock prices will go up.

But the smart and talented stock-picking neophyte is not investing at all but speculating. “An investment operation is one which, upon thorough analysis promises safety of principal and an adequate return,” Ben Graham wrote. “Operations not meeting these requirements are speculative.” The vast majority of people just don’t have the time or possess the patience to thoroughly analyze an investment opportunity. In The Millionaire Next Door, authors Thomas Stanley and William Danko point out that the aver-age person tends to spend more time on purchasing a car than on looking at potential appreciating investments.

So for those who are interested in accumulating wealth and willing to put the time and hard work toward that end, Joseph Calandro Jr. has masterfully melded the work of Graham and Dodd with Austrian business-cycle theory. The result is a very readable how-to guide for value investing, aptly named Applied Value Investing: The Practical Application of Benjamin Graham and Warren Buffet’s Valuation Principles to Acquisitions, Catastrophe Pricing and Business Execution.

One can see by the title that the book is not for someone looking to take the next step after Stock Investing For Dummies, but it’s not the handful

that the title implies. The beauty of Calandro’s work is that he teaches value investing through case studies. The reader can follow along while the author does his own valuations of Sears, GEICO, and General Re. These of course are not made-up theoretical cases, but real-life deals made by value investors Eddie Lambert and Warren Buffett.

Calandro first provides the reader with the basics of Graham and Dodd valuation in order to be “approximately right rather than precisely wrong.” The author does this by valuing Delta Apparel, Inc., as a potential invest-ment in 2002. When his analysis indicated that Delta was undervalued, Calandro bought Delta stocks and immediately offered to resell them at a fairer, higher price. This exercise is all about making money, not falling in love with stocks and their stories.

Much of Graham and Dodd’s analysis is in assigning different valua-tions to balance-sheet items to determine what the real value of a company is beyond the accounting. This requires much more art than science.

A couple of reviewers of Applied Value Investing have taken Calandro to task for the assumptions he makes in his case studies. Although the author doesn’t provide much explanation of many of his assumptions, readers should understand that the talent of investing comes through experience and training. Reading one book will not provide all the answers, but Calandro does give us a roadmap. Investors must still make their own judgments. These reviewers may not have made it to the book’s conclusion, where the author reminds us that applied value investing is all about “identifying what you know and what you do not know, and then taking steps to quantify what you do know in a conservative yet rigorous manner so that a disciplined valuation can be formulated.”

In chapter 5, the author draws upon an article he wrote for the Quarterly Journal of Austrian Economics to give the reader/investor insights into the best times to buy and sell from a macro perspective. He breaks the busi-ness cycle into eight stages by “synthesizing [George] Soros’s boom–bust model, Austrian business cycle theory (ABCT), and behavioral characteris-tics.”

In an interesting appendix to the chapter, Calandro writes of Warren Buffett’s criticism of the efficient-markets hypothesis (EMH), which is the Rational Expectations School of the investing world. EMH posits that prices on assets traded in the market already reflect all available information. The Oracle of Omaha refuses to donate money to his alma mater, Columbia, because of the school’s research in the area of EMH.

After applying Graham and Dodd valuation to make a catastrophe valua-tion, the author applies his tools to firms’ business strategies. Next he circles back and discusses the important aspects of each layer of value-investing analysis, emphasizing that the key to long-term success is “research, check-ing, rechecking and cross-checking of assumptions.”

To conclude, the author tells the reader to ignore economists shilling for newspapers, TV shows, political parties, the government, or financial institutions. Calandro quotes renowned Fidelity Fund manager Peter Lynch, who said, “If you spend 13 minutes a year on economics, you’ve wasted 10 minutes.” However, Calandro recommends, in addition to a number of other books, Murray Rothbard’s America’s Great Depression, Roger Garrison’s Time and Money, Ludwig von Mises’s The Theory of Money and Credit, and other Austrian titles. With all due respect to Peter Lynch, Mises — a real economist — wrote that economics “concerns everyone and belongs to all. It is the main and proper study of every citizen.”

And while the practice of value investing the Graham and Dodd way is more prudent than throwing money at that stock tip you overheard at the bar the other night, always remember what Mises wrote in Human Action: “There is no such thing as a nonspeculative investment.… In a changing economy action always involves speculation. Investments may be good or bad, but they are always speculative.”

DOUG FRENCH

Commentary: Doug French

THE PENNY PRESS,MARCH 4, 2010 PAGE 8

THE PENNY PRESS,MARCH 4, 2010 PAGE 9

The residents of the White House are one of the few American families that don’t really need to own

Dear President Obama:During your 2008 campaign you said you believed in the Second Amendment and would not take away anyone’s guns. Please don’t let Congress turn law-abiding citizens into criminals with misguided gun laws affecting commonly owned firearms.

NAME____________________________________________

ADDRESS_________________________________________

CITY__________________________STATE_____ZIP______ Return to: Second Amendment Foundation 12500 NE Tenth Place Bellevue, WA 98005

Second Amendment Foundation,

Please send me more facts on the semi-automatic firearms issue.

Please run this ad in other publications so others get facts on the self-defense issue.

$15 $25 $50 $100 Other $______

NAME____________________________________________

ADDRESS_________________________________________

CITY________________________STATE_____ZIP__________Your contribution to SAF is tax deductible.

The American Family That Lives Here Doesn’t Need

to Own Firearms

THE PENNY PRESS,MARCH 4, 2010 PAGE 10

Commentary: Albert ThomasBorrowed Money?

Looking at a corporate balance sheet many times it shows huge amounts of debt. Debt is a drag on the company’s profits, but can be used to increase profit.

If a company borrows $100,000 at 8% interest rate then it has obligated a cost of $8,000 annually. ABC Co. manufactures widgets. Each widget has a wholesale selling price of $100. Cost of materials for each unit is $40. Labor is $20, sales $15, overhead is $15 that leaves the company with a $10 gross profit, 10%. This is considered exceptionally good as the standard for most industries is 5%. $10 per unit net profit.

ABC wants to expand their manufacturing plant, buy more machinery and hire more people. Their net will not allow them the $200,000 cash they need to do it. After a meeting with their banker they are able to negotiate a loan that will cost them $3.00 per widget. Assuming all their costs remain the same their net is now $7.00 profit per unit, but they will be making twice as many.

Many times companies can produce twice the product with borrowed funds. It does not shrink the bottom line as some of the previous overhead can be amortized into the expanded production. We won’t go into that here.

Debt that can produce more income is a good thing. If it cannot it should not be taken on.

Look at government debt. Where does repayment come from? Since government produces nothing there is only one source. Taxes. The taxes are extracted from the citizens who work.

Not only does debt have to be repaid, but interest must be paid on it every year. The governments, local, state and federal, levy taxes. There is a limit how high taxes can go as people will stop working at productive jobs if their take home pay shrinks to the point where they do not feel compensated for their effort.

The media talks about GDP - Gross Domestic Product. Most people have no idea what it is. It is the sum total of all goods and services produced in a country. Very simply when the income from taxes gets to the point where the government can’t pay for the services including interest on the debt the government is broke. The U.S. is getting close to that magic number.

Iceland went broke and quit paying its debt. Many European countries such as Portugal, Italy, Ireland, Greece, even the UK is teetering on the edge of default. You can’t borrow your way out of debt when there is not a product that produces a profit or enough people to pay taxes. Every govern-ment worker, program and project is a liability. Only businesses produce income.

Stimulus money is debt that is nonproductive to be repaid by us, our kids and their kids. It can only lead to higher taxes and a lower standard of living.

When a company can’t pay its debt it goes out of business. When a government defaults the system collapses and it is every man for himself. That’s called anarchy. AL THOMAS Al Thomas’ book, “If It Doesn’t Go Up, Don’t Buy It!” has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at www.mutualfundmagic.com and discover why he’s the man that Wall Street does not want you to know.

Can’t Just Walk Away From Common Sense

ELY―Go figure.Two weeks ago the Ely City Council made a big production out of say-

ing they were ready to step out of the shadow of the county and walk away from their City/County Interlocal agreement for Police, Fire, and Animal control.

At last Thursday’s City Council meeting the councilmen made a total about face. They voted unanimously to negotiate and reappointed the City Clerk, Fire Chief, and City Treasurer along with two councilmen that I expect to run for mayor in 2011 -- Shane Bybee and Bob Miller. Miller replaced former councilman Stephen Marich, who resigned in a cloud of controversy over allegations of embezzlement at First National Bank of Ely.

So why the about face, particularly from Bybee, who’s been one of the most vocal opponents of the agreements? Bybee, for his part, avoided me after the meeting, while Miller would just say that the council had “nothing to lose” by listening and negotiating.

I suspect another reason.The city, if they walked away from this agreement (as they did when they

tried to put the thumbscrews to the school district) would have to reconsti-tute a City Police Department from scratch. The city, right now, is running short in tax and fee collections in the $120k-$180k range. Their reserves are marginal. No, they’re not in as bad a shape as Las Vegas or Reno, but they’re not flush either. As we pointed out, can they afford to walk away? The unspoken answer, after their decision this week, is probably not.

Someone explain this to me.The White Pine High Wrestling team finished fourth in the state in 2A.The White Pine Girls Basketball team advanced to the divisionals with a

22-5 record before being eliminated by long-time (100 year!) rival Lincoln County.

But everyone seems to focus on how bad the White Pine Boys Basketball team performed this year.

The Bobcats started out in preseason like a house-a-fire. They went 6-2 in December, losing only to 3A Yerington and 1A champions Pahranagut Valley....

...and proceeded to go winless until January 29th. 9-1 in January...and then didn’t win again until February 12th and 13th, when they beat Calvary Chapel and playoff-bound Agassi Academy. Number 8 beat number 2!

Rather than look at the glass as half full, they see it as half empty.Same in the Spring. Girls Volleyball and Soccer go to the division,

Football tanks. No one gets excited about the girls, they just rag about the boys.

Ely has had things too rough too long not to take the positive view. But give how down the town has been, it’s easier to be negative.

That’s just wrong. The town has too much to offer to take the negative view on so many things!

Yes, look down on Harry Reid and his anti-business policies. Yes, look down on the “good old boy” network that so many people believe exists. But don’t look down on the successes in your own town. After all, the Girls victories are just as important as the Boys!

Take the victories you can get when you get them. It’s a lesson the Republicans need to learn badly.

Our school district is very worried. Now that the numbers out of Carson City are final, and the amount of

the cuts are know, the district can begin planning...and negotiating.The local teachers union refused to renegotiate to save teachers jobs last

year. To be honest, I doubt that they will this year either. Rather than stand up for the lower ranked teachers, the upper end digs in their heels and says NO! Of course, given that the local union isn’t even admitting new mem-bers, the lower ranked teachers aren’t even represented.

Concerned for the children? Or your bank account. Granted, teachers don’t get all they should for the job they do, but what ever happened to look-ing out for your fellow worker. Here, where there are so few teachers to start with (as opposed to Las Vegas, where there are so many, and boundary shifts could make a world of difference) can we afford to lose any more?

Yes, the bipartisan budget bill is in place. Yes, it hurts. Everyone is hurting. Businesses everywhere are feeling the pinch. How would the state workers who have kvetched so much about reduced pay like to keep their salaries, but see a 10-12 percent increase in prices throughout the state...tighter slot machines, less bargains in stores, stores closing, etc.

Here in Ely we’re looking for another five to ten businesses to go under between now and the fall. Businesses closing means a huge impact on the local tax collections. If the city is down $120k-$180k, how bad is the county doing? And WHY, in heaven’s name, is the county going on with it’s million dollar Public Safety complex?

Oh, I forget. According to county commissioner RaLeen Makley, I just don’t understand.

Of course, she’s never spelled it out, has she?Is it to preserve air service to Denver, so the county can have responders

to call on -- never mind they didn’t want to pay the City of Ely enough to do that. After all, the 20 passengers a month (that would be a whole lot more if they were going to Las Vegas) must to have their service.

Or is the County Government, which just came out from under State Oversight, looking so hard to take over the City of Ely, that they’re going to do their best to self destruct again...

WYATT COX

THE PENNY PRESS,MARCH 4, 2010 PAGE 11

Commentary: Wyatt Cox

www.pennypressnv.com

How To Defeat Doubt And Unbelief Once And For All

I have developed a “life attitude” that makes me more than a con-queror in Christ Jesus: “I’m going to finish my course, enjoy the journey, fulfill my destiny and have every-thing Jesus died for me to have!”

Before I learned to live with this attitude, I struggled with two things the devil often threw at me: doubt and unbelief.

Doubt and unbelief are big prob-lems for Christians. They are nega-tive and discourage us. They cause us to make poor choices, which make life difficult. They cause us to say things like, “I wish I could lose weight,” or “I wish my kids would behave,” or “I wish I could keep my house clean,” or “I wish I had better relationships.”

We need to stop wishing for things and make up our minds that God will help us to have wisdom, make good choices, and overcome our trials and tribulations if we will put our faith in Him.

And doubt and unbelief interrupt faith.

Another way we struggle with doubt and unbelief is by think-ing God won’t help us because we haven’t done everything right. Or believing that God is willing to help other people but not me.

But God doesn’t expect perfec-tion from us. God works in our lives through faith. He wants us to trust Him, believe in Him, have faith in Him, and have a hopeful, positive attitude. He wants us to expect Him to do good things in our lives.

Every day you need to say, “Something good is going to happen to me today. I can hardly wait to see what God is going to do in my life

today!” And you especially need to speak

this when the devil is trying to flood your mind with doubts. The way you fight the devil is by opening your mouth and saying what God says. Don’t just let the devil use your mind as a garbage dump.

Learn How to Doubt Your Doubts

You may be thinking, I just can’t help it…I wish I could believe and not doubt. But the truth is, you can! God wouldn’t tell us to believe in Him if it wasn’t possible for us to do it. We can defeat doubt and unbelief if we know how to do it.

So how do we do it? How do we believe God and live by faith? Romans 10:17 (NKJV) tells us how: “Faith comes by hearing, and hear-ing by the word of God.”

The key here is the Word of God.

We need to love the Word of God and go after it like we go after food when we’re really hungry. When we’re hungry, we’ll usually do what we need to do to get food.

God’s Word is medicine for our soul and the food we need to keep our spirit strong. It has inherent power to change our lives when it is mixed with faith. Study the Word and speak the Word. We need to talk about the good things God has done and not the problems.

In Luke 4, when Jesus was in the wilderness, the devil came to tempt Him. When the devil spoke to Him, Jesus responded, “It is written…” and quoted the Word of God. He used the Word as a weapon to over-come the lies of the enemy.

We can do the same thing. We can respond to the thoughts the devil brings to our mind with the truth of

God’s Word. We can feed our faith with the Word, rather than feeding doubt with the devil’s lies.

Decide to doubt your doubts and believe what God says it true. Talk about the good things God has done, not the problems. Spend time with people who feed your faith, encour-age you and believe God.

Refuse to be a lazy Christian and resist a passive, apathetic attitude. Be determined to do your part to build your faith. Never give up. And you will defeat doubt and unbelief! JOYCE MEYERFor more on this topic, order Joyce’s four-CD series Never Give Up! You can also contact us to receive our free magazine, Enjoying Everyday Life, by calling (800) 727-9673 or visiting www.joycemeyer.org.

THE PENNY PRESS,MARCH 4, 2010 PAGE 12

Commentary: Joyce Meyer

THE PENNY PRESS,MARCH 4, 2010 PAGE 13

For FREE Information Visitwww.BuyGlobe.com/offer253

Or Call Toll Free:

1-866-341-5792

• Adult Rates As Low As $3.49 Per Month††

• Children’s Rates As Low As $1.99 Per Month†

• No Medical Exam – Only A Few Yes/No Health Questions

• No Waiting Period

• Full Coverage First Day

• Buy Direct By Mail

Globe Life Insurance

Globe Life And Accident Insurance Company

Since 1951

Choose $5,000, $10,000, $20,000 $30,000 or $50,000 Coverage

$100*

BUYS UP TO

LIFE INSURANCE COVERAGE

$50,000

††Policy Form #GRTG or UIRT †Policy Form #GWLC/GWLP, GWL2000 or GWLA000 CGGZNE

THE PENNY PRESS,MARCH 4, 2010 PAGE 14

THE PENNY PRESS,MARCH 4, 2010 PAGE 15

Pet Of The WeekAdopt This Pet !

This boy is a charmer who became a part of the DRNV family because of the economy. His former owners were no longer able to keep their home and asked us to help this handsome guy find a new forever home. This dog is red and tan with natural ears and a docked tail. Red Rider is 4 years old with all those challenging puppy behaviors behind him.

RED RIDERCall

702-423 2158

THE PENNY PRESS,MARCH 4, 2010 PAGE 16

GoToMyPC lets you instantly work on your office computer from any Internet connection, with complete access to your email, programs and files. The auto-matic setup takes just minutes, and there’s no hardware needed. Just click and take your office with you wherever you go.

FREE 30-Day Trial gotomypc.com | promo code: AG14

GoToMyPC:It’s this easy.