Short Takes – Political Pipe Dreams

Opinion

Political Pipe Dreams

As 2017 comes screeching to its inevitable but satisfactory conclusion, it’s clear that Progressive “Visions of Sugar Plums Dancing in Their Heads,” sweeping the Congress back into Democrat hands in 2018, are actually turning into Pipe Dreams. Hope is not a battle plan.

The gallimaufry of the Democrat party is evidence enough that they are in deep trouble. Virginia and Alabama election victories aside, they will be unable to rally enough voters to their banner when their entire sales pitch has been trashed by its own failures. Their red banner, upon which is emblazoned a yellow hammer and sickle, is no longer appealing to Americans. A catharsis is in the making for Democrats. Which direction will they go, further “Left” into the deep dark recesses of totalitarianism or make a right turn back into the sunlight of Constitutionalism?

Reports are surfacing even now, that Latino Congressman, Gutierrez, and others, got into a shouting match with Senator Chuckie Schumer over their party’s failure to stop the GOP’s tax cuts or, and especially important  to Latino Democrats, failing to include the DACA act as a non negotiable item to be removed. Special interest groups, like the Congressional Latinos, are now engage in vituperative attacks against an elderly white Senators from New York, because there is no direction anymore, there is no leadership in that sector and a catharsis is coming.

There are simply too many chefs in the Democrat kitchen for an effective menu of their socialist  

political nonsense to be prepared and dished up when the dining area is emptying of patrons. Not everyone wants a steady diet of “arroz con pollo or Tacos y enchiladas.”

And, what happened to the Congressional Black Caucus? With intellectual illuminaries like Sheila Jackson Lee who says, It’s a direct result of Trump’s racist hatred of African Americans that caused an American Airlines plane to derail in Washington state. Just another way to genocide us.” or Georgia Rep. Hank Johnson who opined the island of Guam could capsize if a brigade of US Marines were stationed there. They remain silent.

And, the disease spreads as we see happening in the UN. I love the defiant reaction of the UN’s General Assembly to President Trump’s comment” “Let ‘em, I don’t care!”  in response to Trump’s threat to relieve non cooperative countries of the burden of how to spend the money the American taxpayers gifts them each year. Oh, woe! What a silly vote, to deny the US its right to recognize Jerusalem as Israel’s capital or denying the US its right to move its embassy there.

What this all means is that America has leadership again. Trump, a successful, apodictic  businessman, not obliged to agree with his political handlers, but whose realistic visions has determined that America needs to be led from the front not from behind, is leading. Happily, enough voters agreed with him that America’s turnaround, while painful for some, is a relief for most.

How can it be possible for the Socialist Democrat program of top down collectivism compete with the future financial success that Donald Trump is introducing? Democrat ‘happy talk’ of fairness for all, specifically does not include any but the victims, losers, perverts and favored politicians that has been hung around America’s neck like the proverbial albatross since the social programs of the 1960’s and even earlier. Confidence is returning to America. People feel it, see it and know it. “Merry Christmas” has returned to the market place again. That can’t be bad, except to Progressives who still dwell in their pipe dreams.

Remember freedom is the goal, the Constitution is the way. Now, go get ‘em! (22Dec17)

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Opinion

Park Sterling Merging With South State Corporation

News

According to a recent release by South State Bank, a definitive agreement has been signed with Park Sterling Corporation, holding company for Park Sterling Bank.

The release also states, “Combining the two companies will create a $14.5 billion in assets franchise operating throughout the Carolinas, Virginia and Georgia.”

While both boards have reportedly approved the merger unanimously, the merger will actually begin transitioning in the fourth quarter of 2017 and continue with systems conversions into the first quarter of 2018 after approvals by regulatory boards and shareholders. At that time, Park Sterling Corporation will be merged into South State Corporation, and Park Sterling’s bank subsidiary, Park Sterling Bank, will be merged into South State’s bank subsidiary, South State Bank.

James C. Cherry, CEO of Park Sterling Corporation, commented on the merger stating, “Our team is proud to be partnering with South State to create what we believe will come to be recognized as the preeminent regional community banking franchise in the Southeast. This combination will substantially fulfill our vision of truly becoming big enough to have the talent and services necessary to help customers achieve their financial aspirations while still remaining small enough and passionate enough to care that they do.”

After the companies merge, Cherry will be appointed to the combined company’s board of directors in addition to another individual to be mutually agreed upon and named at a later date.

As of now, Park Sterling Bank has over 50 branches across North Carolina, South Carolina, Virginia, and Georgia. According to South State’s release, “under the terms of the agreement, shareholders of Park Sterling Corporation will receive 0.14 shares of South State common stock for each share of Park Sterling common stock. The aggregate consideration is valued at approximately $690.8 million in the aggregate, based on 53,112,726 shares of Park Sterling common stock outstanding as of March 31, 2017 and on South State’s April 26, 2017 closing stock price of $91.90.”

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