Friday, December 26, 2008

A Corrected View of Roosevelt,s Depression

As an economist, I have often been frustrated in explaining the wrongheaded policies of the
The Forgotten Man: A New History of the Great Depression
1930's and how many of them extended the pain - much as - (I suspect) the new administration is prone to do. by Amity Shlaes (Author)

Monday, December 22, 2008

What Moma Says ??


Italian Music with Larry

Buon Natale Amici :)

Several years ago I did an entire show dedicated to Italian music plus an interview. So for all my "Gumbas" here's that entire show now available for the first time!

Sunday, December 21, 2008

Sock It To The Holidays!

Merry Christmas !

Bush to Blame - Absolutely say Some
The Libs hold sway with the media anyway. The story of the housing collapse is laid bare in this article and Bush takes the fall for the ENTIRE debacle. I think it is more complcated than this story presents. I think Bush began his presidency with a desire to get some economic sense into the financial markets but after 9/11 the thinking turned to "how can we get as much money spent as possible into our markets and world markets to goose economic growth" which for all practical purposes was headed for the tank. It was a fateful change of policy and it was highly contrary to the tenants of Republican conservative financial stewardship. It was a plan merrily
accepted by the Democrats because it was key to their long-term plan to increase the economic power of its own voter base. Add to that a ballooning bubble that nobody wanted to prick or even let the air out of under regulatory pressure.

so ... here is the story that blames Bush... remember up to now - our conservative resources have played to our suspicions that the key culprits were mostly Democrats, including many who are about to rule the government.

Monday, December 15, 2008

Help Stop Stupid EPA Regulation

Sunday, December 14, 2008

Excellent Blogger for Economists-Investors

I am impressed by the analysis and presentation of many of the current financial issues from this analyst. Many links to further discussion on the topics he covers here. The quick take? Probably a choppy stock market until shortly after inauguration and if not soon after then pretty soon - a serious return to more stock declines. This blog is worth a bookmark!
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An interesting Investor's Blog

The performance chart obtained from the Wall Street Journal Online shows how different global markets performed during the past week.

Investment Postcards from Cape Town

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Wednesday, December 10, 2008

Some Sign Posts -- Are we Watching?

David FRY is an excellent blogger on seekingalpha.
clipped from
  • Warnings galore from chip makers TXN, ALTR, BRCM and NSM that investors ignored bidding the stocks sharply higher;
  • Chrysler not willing to show the government their books for bailout monies because they’re a private company [as if];
  • NUE warns and the stock is also bid higher;
  • Black Friday store sales reported their first decline in history, down 8.4%;
  • Sony’s (SNE) going to layoff 8K workers and closing plants;
  • GS has its earning forecast slashed by Deutsche Bank while former Bear Stearns honcho Ace Greenberg says the company failed because of rumors and not crappy investments [gimme a break!];
  • The former criminals who ran FRE and FNM testified, sort of, before congress;
  • Bond bubble bulls got all jiggy again as yields on T-Bills fell to negative as fear still reigns.
  • What on earth did the Fryguy leave out? Okay, how about the crooked Governor of Illinois? Well, I was raised in Chicago so enough said.

David Fry

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"Son, We are Going to Hell" - epic story

More about this topic from the film at
Ship of Ghosts The Story of the USS Houston  FDR's Legendary Lost Cruiser  and the Epic Saga of her Survivors

“Son, we’re going to Hell.”

The navigator of the USS Houston confided these prophetic words to a young officer as he and his captain charted a course into U.S. naval legend. Renowned as FDR’s favorite warship, the cruiser USS Houston was a prize target trapped in the far Pacific after Pearl Harbor. Without hope of reinforcement, her crew faced a superior Japanese force ruthlessly committed to total conquest. It wasn’t a fair fight, but the men of the Houston would wage it to the death.

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Monday, December 08, 2008

Col. John W. Ripley's Funeral

A marine sent this to me. This man remains an icon for generations of Marines.

How to make Daddy proud

All daughters should be able to do this.

December 1941 not a Conspiracy

clipped from

As the anniversary of the December 7, 1941, Japanese attack on Pearl Harbor rolls around, critics of President Franklin Roosevelt will again claim he had advanced knowledge of the strike and allowed it to happen. That would be treasonable on FDR’s part, of course. A rational examination of events, though, shows that FDR had no such knowledge of the attack and that, preoccupied with the Nazi threat to Great Britain, he had absolutely no intent to provoke war with Japan.

Why Those Pearl Harbor 'Conspiracy' Theories Ain’t So
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Sunday, December 07, 2008

Debate to save Detroit

Michigan Gov. Granholm / Woodruff - A News Program
I hope there is an alternative view expressed on Bloomberg. This interview was a platform to save the Unions and not much else even though the word "Union" was carefully avoided from what I could hear.

Both the high tax governor's preference of a federal bailout and the unstated conservative's preference for chapter 11 roceedings are legitimate approaches to saving American car industry. In BOTH cases many jobs will be lost. However, many who watched the corrupt unions kill their own industry over the years - are eager to see their hold broken and the companies to flourish with a fresh approach to management and labor. Chapter 11 will allow that.

This "news piece" by Woodruff is a "Save the Union" plea and not much else. In my view - high taxes by the State of Michigan and union abuses in the old manufacturing belt around the Great Lakes have driven new industry elsewhere and kept the union buggy whip makers fully employed in a world where buggy whips are gone. Woodruff and the governor are pleading in this puff piece to save the unions because they were solid behind Obama. Where is the other side of this discussion?

Friday, December 05, 2008

Season's Greetings

To All My Democrat Friends:

Please accept with no obligation, implied or implicit, my best wishes for an environmentally conscious, socially responsible, low-stress, non-addictive, gender-neutral celebration of the winter solstice holiday, practiced within the most enjoyable traditions of the religious persuasion of your choice, or secular practices of your choice, with respect for the religious/secular persuasion and/or traditions of others, or their choice not to practice religious or secular traditions at all. I also wish you a fiscally successful, personally fulfilling and medically uncomplicated recognition of the onset of the generally accepted calendar year 2009, but not without due respect for the calendars of choice of other cultures whose contributions to society have helped make America great. Not to imply that America is necessarily greater than any other country nor the only America in the Western Hemisphere . Also, this wish is made without regard to the race, creed, color, age, physical ability, religious faith or sexual preference of the wished.

To My Republican Friends:

Merry Christmas and a Happy New Year!

The wall Street Mess and More


Jackie Mason '08 Vlog 24 Obama's Fraud

Some Navy Heritage

PLAYING FOR TIME - A book about WWII in a four piper destroyer the USS Stewart. An excellent read for students of the Pacific War and the Asiatic Fleet. Read the talk given by Vic at the Asiatic Fleet Reunion (in the reviews).

The Cost of Green - IBD

IBD ARTICLE HERE I have long noted in my writing that the Green Revolution is a religion that has bastardized common sense conservation of the environment. It is expanded to the latest mutation known as "Global Warming". This artlcle may help put some of the insanity into perspective.

BAILOUTS - 18 Years Ago - READ.

It is COOLER so it is PROOF there is Global WARMING ???

Excellent Article on The Financial Meltdown and Wall Street.

Wednesday, December 03, 2008

Confederate Bail Out is Due

Maybe the Confederate States can get a government bailout like some of the other failed financial and industrial organizations are now enjoying. It has been a good investment for America and it brings a lot of tourism dollars to the economy.
I think the CSA needs a bailout !!

Yes, Benjamin (Jewish) was Sec. Treasury for CSA ... lot of folks don't know that. I'd like to get this but am thinking investments in FORD or GM might be better SHORT TERM bets for now - given the Unions Survival being of utmost importance to the Democrats who formerly waged war against "THE Union" at the time of this certificate of loan. Click for MORE.