bush

How Lucky Can We Get?

February 27, 2009

Someone asked me a question this morning in the locker room of the YMCA. As I was responding, someone else chimed in that the cause of all of our economic problems was that FDR had abandoned the gold standard. I tried to come up with as humorous a retort as I could that early. It [...]

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Missing in Action

November 11, 2008

Strange Bedfellows. A major battle has been going on and we didn’t even realize it. And coming to the rescue is that card-carrying member of the opposition: Bloomberg News. Who woulda thunk it? Bloomberg News has filed both a request under the Freedom Of Information Act and a lawsuit against the Federal Reserve. The issue [...]

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The Worst is Yet to Come

November 5, 2008

We’ve been sitting around stunned by the financial crisis. What to do? We don’t trust the experts, and rightly so. They lurch from one answer to another. There is little confidence that they are doing anything more than thrashing around, grasping at straws. Actually, since their starting point is their religious belief in a simplistic [...]

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Tinkle-Down Economics

October 17, 2008

Being laid up with bronchitis isn’t pleasant. Thousands of thoughts race through my mind. Although I haven’t fully recovered, I just couldn’t wait. The absurdity of our present situation is so obvious. The lack of understanding of why it happened is not. The only thing that has relieved my misery has been laughing at the [...]

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Victory? Maybe, Maybe Not.

September 30, 2008

This may be a situation where even the winners are losers. There were plenty of losers, however. The House Republicans that voted against the bill did so for the wrong reasons. But, you take what you can get. This bill was far from what was needed. It deserved to lose. It was the result of [...]

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Christmas on Wall Street

September 25, 2008

Have you heard some rumors using a figure of $700 billion? You didn’t forget Fannie and Freddie and Bear Stearns and AIG did you? That was somewhere in the neighborhood of $315 billion, even before the other number started getting all of the attention. So, let’s just round all of this off at a trillion [...]

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Here We Go Again

September 5, 2008

There is a ‘War on Drugs,’ street drugs, that is. There is another drug war. The later one is against American citizens. Isn’t it wonderful that we have a war on drugs? While this eminently unsuccessful war against street drugs has embarrassed our country for decades, prescription drugs kill three times as many people. Bookmark [...]

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Quick Takes

August 12, 2008

I just wanted to make a few short comments on a couple of items in the news – no, not the Olympics. It appears that most people don’t understand or appreciate the importance or complexities of Russia’s attacks on Georgia. I include the administration in this. One of the problems, again, is putting amateurs in [...]

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