http://www.rhinotimes.com/ben-holder-dominates-city-council-from-afar.html
Also in today's Rhino Times
is a big advertisement for giving Roy Carroll a taxpayer owned street,
meaning John Hammer is using a "news" paper that endorses city council candidates
to convince said councilpersons who have received campaign cash from Roy Carroll
to give Roy what looks like more than $1 million in taxpayer owned real estate.
meaning John Hammer is using a "news" paper that endorses city council candidates
to convince said councilpersons who have received campaign cash from Roy Carroll
to give Roy what looks like more than $1 million in taxpayer owned real estate.
For the record, John may be a little angry with me lately for pointing out his bosses financial contributions to Phil Berger during a Walker press conference, after which Mark carved out a pretty big credibility issue for Hammer by pointing out some of John's slanted "reporting", and I put some posts lately that were pretty critical of Mr. Hammer and the Rhino, which can be found in the links at the end of this post.
Messrs. Hammer and Carroll missed the election by a pretty big margin, and are most likely depressed and upset with the outcome, as they more than heavily backed Berger Jr. over Walker, after disparaging Walker with some false information provided by the Berger camp.
I don't recall seeing a Walker ad in last week's Rhino.
I also was a bit instrumental at removing Roy Carroll's Robbie Perkins from being mayor.
As I believe John is relatively financially illiterate, especially given his recent personal experiences with numbers, I feel obligated to provide an explanation.
I suppose I was pretty sure about what I was saying, as I produced the video below about it.
The variable rate for the loan adjusts weekly.
The higher long term rates rise, the more it costs to lock in the debt at a later time.
I believe the city was trying to keep their short term interest costs low with the variable rate, to stay under a debt cap, so the city could borrow even more money than they otherwise could have.
The video is after the jump;
