Monday, June 26, 2006

Kane's Andy Rooney Gets one Right... For Once.

Lately, Kane County Chronicle gossip writer Bill Paige has been writing some unflattering remarks regarding Republican Candidates. Whether or not he has not been able to accept that the people of our county chose candidates other than those he deemed worthy should be left up to you to decide. HOWEVER... for once, he hit the nail squarely on the head. Here is his column on Speaker Hastert, featured in the Kane County Chronicle.

Hastert's gain on land deal not out of line

One of the hot stories in the press this week is a real-estate transaction involving Dennis Hastert, and to put it bluntly, most of the articles have been less than kind to the speaker.

In a nutshell, Hastert recently sold some farmland that he had bought a few years ago – and for a pretty nice profit, I should add. The story of Hastert's land sale has caused a stir in the media, with many reporters and pundits at least suggesting that something was amiss. That's not my reaction at all.

As someone who has watched – and profited – as land and real-estate prices have soared in this area of Illinois, I honestly don't see anything remotely nefarious about Hastert's actions. And although the profit he made when he re-sold the land was a chunk of change, it isn't out of line for what has been happening for years in Kane and Kendall counties.

To back up a bit, those who know me are aware that I don't share a good percentage of Hastert's political views. However, I have genuine respect for the man, and I believe he always has worked for the best interests of his constituents. Said more simply, I plain like the guy. Certainly I would be critical of him if I thought he was pulling a fast one with this land deal, but I don't, and furthermore, it is hard to criticize Hastert for doing the same thing I have done – and hope to do again. I suspect that many of you fall into that category, too.

See PAGE, page 2C

That something is to sell real estate for a profit. The home we own is worth about 85 percent more than what we paid for it; the one before that we sold at a 20 percent profit after owning it less than six months, and selling the one before those two gave us the boost we needed to pull off subsequent deals. It's the way it works.

Land and homes are sold for what the market will bear, with worth and value determined not by what the seller wants, but by what a buyer is willing to pay. There is not one of you homeowners reading this who isn't at least vaguely aware of your home's current value versus what you paid for it. My guess is none of you intend to sell your home for less than market value, or that you would turn down a buyer because he offered too much.

The property Hastert sold was part of what had been farmland in Kendall County. Anyone who knows anything about land values – and that specifically excludes the hysterics in the national media and the clueless in the local press – knows that the Kendall real estate market is sizzling. Just as in Kane County, Kendall's farms are disappearing to make way for residential and commercial development. Land changes hands several times before anyone actually moves into a house, and someone profits each time the land is sold.

That's what I've done, that's what you've done, and that's what I assume we hope to continue doing. How is it then that when Dennis Hastert does the exact same thing, it become something dark and suspicious? As far as I can tell, what has gotten some of theses critics in a knot are two issues: the profit Hastert made and the proximity of the land to the proposed Prairie Parkway.

On the first point, yes, he made a killing. Well, good for him; I just wish I had a chance to buy that land. Oh, wait. I did. As did you or any of the people railing against Hastert. The land was – now listen carefully, all you Washington press folks – for sale. If any of us had met the farmer's price or beaten Hastert's offer, we could have bought it.

The second point stretches credulity. The farmland in question lies 5.5 miles from where the Prairie Parkway someday might be built. Somehow, Hastert's detractors consider that prime proximity, and point to Hastert's sponsorship of the parkway as proof that he did something if not illegal, at least unethical.

Baloney. That charge makes absolutely no sense at all. The distance – 5.5 miles – is hardly next door, and in case no one noticed, the parkway is many years away from even breaking ground. To put it in perspective, by chance my house is 5.5 miles from I-88. I have no idea what, if anything, that adds to the value, but all I know is that it's a hike through parts of three towns to get there.

In the interest of full compass disclosure, it appears that my home also is 5.5 miles from the "gentlemen's club" in West Chicago, and about the same distance away from the strip joint on Route 25. Now that's proximity.

Unfortunately, Hastert probably is going to have a rough few weeks while this nonstory works its way through the papers and the talk shows. But in the end, he should emerge relatively unscathed. I should hope so, as much for Hastert's sake as for all of us who work hard, save our money, and then invest it with the prime goal of making a profit.

If you and I are able to that without criticism, so should Dennis Hastert.

Bill Page lives in St. Charles and owns a marketing company. He also writes about local issues on Wednesday and Friday. Calls and e-mails answered at (630) 584-0809 or wpage@mediawerks.org

Friday, June 02, 2006

Munson Opponent Exits Race...

Citing a growing concern over the safety of her family, Democrat challenger Hollie Kissane has stated that she will bow out of her bid for the 43rd State House Seat.

"Kissane, 44, cited "unforeseen circumstances that have taken place since the primary election" as the reason for her decision. Those circumstances include a March 28 drive-by shooting in which shots were fired at Kissane's home in the 400 block of Tulsa Avenue, she said. Shortly after she returned home that night and turned on the light in her bedroom, bullets came flying, sending her to the floor, where she screamed for family members to get down, and she crawled to the phone, Kissane recalled." --- Courier News

The incident appears to be gang related, according to Kissane. Her son Jesse has had some brushes with the law in the past. It is unclear whether Hollie or her son was the intended victim in the shooting.

With the unexpected exit of Kissane, the Democrats are looking at bringing in Education activist Laurel Bault. You may recall Bault as the campaign manager for Mike Noland's unsuccessful bids for the State House in '02 and '04, as well as his failed City Council race in 2005. Glad to know that they are slating a real "winner" here.

With Ruth handing Noland one of his many losses already, we're sure that his campaign manager won't be that much more of a stretch.