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October 2008
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Month: October 2008

  • Pick First, Pay (not much) Later

    George Rebane Democracy – a method of governance wherein the policies of the state are determined by the voting majority, which method lasts until the majority discovers it can vote itself unlimited monies from the minority. This morning’s WSJ has a comparison of the McCain and Obama tax plans.  It cuts through the blather of…

  • Russ Hits Nerve on Measures Y and Z

    George Rebane Russ Steele’s article in today’s Union (here) on the slow/no growth measures for Grass Valley is a must read.  From the comments it is drawing, he may have hit a nerve or two for advising GV folks to hang on to their wallets.  Tip of the hat to the Union for publishing this…

  • The Long-Term Investment Myth

    George Rebane We’ve all been advised to invest for the long term – buy quality and just hang on to it – for best results.  But all long term investments have to take buying power (aka inflation) into account.  The astute investor knows that inflation is a government assets tax and acts accordingly.  If we…

  • Ruminations – 23oct2008 [updated]

    George Rebane You see, it’s the government’s money, they’re just letting us use some of it for a while. Barney Frank, House Financial Services Committee Chairman on a 20oct08 CNBC interview said –”I think at this point there needs to be a focus on an immediate increase in spending and I think this is a…

  • The Truth Gap of Journalism

    George Rebane Two articles worth reading highlight the near-Orwellian state of communication and popular understanding in our nation. The first by Michael Boskin titled ‘Our Next President and the Perfect Economic Storm’ will appear in tomorrow’s (23oct08) WSJ.  It starts – With their economies in recession and a credit crunch steepening the slide, policy makers…

  • A Fair and Just Tipping Point

    George Rebane Carnegie-Mellon economics professor Adam Lerrick is the first to warn that Obama’s tax increase plan will finally make the payee Pauls outnumber the paying Peters in the country (Peter/Paul here).  RR readers are familiar with this possibility.  In his 22oct08 WSJ op-ed piece he writes – Sen. Obama is promising $500 and $1,000…

  • Ruminations – 21oct2008

    George Rebane PBS Frontline tonight aired ‘Heat’, its investigative report on global warming.  We were looking forward all last week to see how that left-wing medium, that claims to ask and answer “all the questions” we have, would balance such a report.  We were especially interested since lately the climate data disclosures and the reports…

  • What Free Markets?

    George Rebane The greatest weakness of capitalism is that it will game whatever system it finds itself in.  And that is also its greatest strength. Viewed with a discerning eye, the above cartoon by liberal cartoonist Matson says it all about the state of our country’s markets.  But I don’t think it’s the message Matson…

  • Bretton Woods 2 – What happened to 1??

    George Rebane Before this year is out most of the world will come to America to sort out the current financial crisis, and attempt to put in place a worldwide financial structure to replace the Bretton Woods agreement that was fashioned before the end of WW2 by 44 participating countries.  We have lived under (in?)…

  • Obama’s Unassailable Context

    George Rebane There is very little of Obama’s written record save his two presumptive autobiographies.  There he makes some statements which are outlandish to conservative ears, yet cause no discomfort to the liberal.  An example of these statements is found in a well-balanced entry in snopes.com here.  Clearly, the circulating emails containing the Obama quotes…

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