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Saturday, September 29, 2012

Too funny not to share.

This actually happened with some guys from Maine .

They dressed the truck up with the guy spread eagled on the roof.

The driver and passengers put on Moose heads.

They went down the Maine toll road Interstate, causing 16 accidents.

Yes; they all went to jail... Yes; alcohol was involved...

This proves that men cannot be left alone. 

They need women to keep them busy and out of trouble.

Friday, September 28, 2012

What would you do?

Suppose you had a neighbor that came up to you every Monday morning and told you he was going to kill you and your dogs and rape your wife before he cut her head off? And he kept saying it to you. Over and over. And then you heard he was acquiring the means to do it. What would you do? And what if 70 years or so ago almost your entire family were wiped out by someone who was very much like your neighbor.

What would you do?!4D5DEAD0-3122-4225-BA06-250FF3F099C9

Tuesday, September 25, 2012

What do you think?

We Would Be Better Off Had Romney Been President
The U.S. economy has improved under President Barack Obama. But by all the measures Democrats use, Americans would be better off today if Mitt Romney had led the country for the past four years.
The Democrats are substantially right when they answer Ronald Reagan’s famous campaign question -- Are you better off today than you were four years ago? -- in the affirmative. Gross domestic product per person is higher, and so is the stock market. It’s not fair to blame Obama for the surge in unemployment that occurred in the first six months of his administration. Even this statistic has improved since August 2009.
The question, however, is the wrong one. No matter how powerful and skillful a president may be, he is not omnipotent. Obama is not responsible for the economic mess he found when he took over as president, as Franklin Delano Roosevelt was not responsible for Pearl Harbor. A president should be judged for his ability to play the cards he has been dealt, not for his luck (or lack thereof).
Heading into November’s election, voters should be asking which president would have done a better job with the cards Obama was dealt. Although such hypothetical questions are hard to answer, a quick look at the record suggests the winner would be Romney.
Health Care
Consider the Affordable Care Act, Obama’s primary legislative achievement. Even if you are a hard-core supporter of health-care reform, you have to concede that the new law didn’t have any positive impact in the past four years, and might have had some negative ones. All the good changes advertised by the Obama administration will take place only after this year’s election, leaving us to suffer the cost of uncertainty now.
Indeed, one wonders why Obama spent so much time and political capital on a reform that he himself didn’t consider urgent -- most of the law won’t take effect until 2014 -- at a time when employment was plummeting, the banking sector was on the verge of collapse and more than 10 million American households owed more on their mortgages than their homes were worth. Obama campaigned like a pragmatist in 2008, but when he took power, he governed like an ideologue, sticking with his priority at the expense of the economy.
Romney would almost certainly have acted differently. Whatever you might think of his political priorities, he is the ultimate pragmatist. He governed Massachusetts like Obama promised to govern the country: trying to fix problems, not to advance an ideology.
Even in dealing with unemployment, Obama advanced an agenda. He used the crisis as an opportunity to expand government spending in sectors dear to him, such as green energy, construction and education. No doubt, the stimulus program was necessary, but it should have focused on subsidies to employment (a payroll-tax cut) and incentives for purchases of durable goods (a temporary sales-tax rebate). Romney the pragmatist would have been more likely to focus on the most effective measures to reduce unemployment, rather than on pushing a liberal agenda.
Didn’t Obama save the American automakers, while Romney would have let them go bankrupt? This comparison is at best disingenuous. Bankruptcy does not imply liquidation. American Airlines Inc. and United Airlines went through bankruptcy, and they are still flying. Even under Obama, Chrysler Group LLC and General Motors Co. went into bankruptcy.
The main difference in Obama’s recipe was that the government bailed out union health-care and pension plans. Opinions may differ on whether this was fair, but it was done the wrong way. The government bullied the bankruptcy judge and creditors into giving preferential treatment to the unions’ financial claims, overstepping existing contracts. This behavior undermined the rule of law that is a crucial element of America’s attractiveness to investors.
Financial Regulation
What about financial regulation? In principle, it’s reasonable to expect that Romney would have been more sympathetic to Wall Street’s interests, a bias that could have been an impediment to much-needed reform. In practice, it’s hard to imagine he could have done worse than Obama and Treasury Secretary Timothy Geithner, who enacted regulations that increase the cost of doing business while failing to solve the problems that caused the crisis. In fact, Romney probably would have done better. He might not have introduced much effective regulation at all, but he would have avoided the populist and anti-business rhetoric Obama was forced to use to please his electoral base.
Voters might find plenty of reasons to vote for Obama on ideological grounds. With his gaffes, Romney gives them plenty of other reasons. But they shouldn’t choose Obama on the assumption that his performance over the past four years was better than Romney’s would have been. And they should ask themselves: Why should the outcome be any different during the next four?
(Luigi Zingales is a professor of finance at the University of Chicago Booth School of Business and a contributing editor of City Journal. He is the author of “A Capitalism for the People: Recapturing the Lost Genius of American Prosperity.” The opinions expressed are his own.)
Read more opinion online from Bloomberg View. Subscribe to receive a daily e-mail highlighting new View editorials, columns and op-ed articles.
Today’s highlights: the editors on why GM must remain Government Motors awhile longer, on making air conditioners more green and on why Europe must get its banking union back on track; Betsey Stevenson and Justin Wolfers on Mitt Romney and taxes; William D. Cohan on JPMorgan’s missing $6 billion; Albert R. Hunt on the best way to handle Iran; Jeff Rubin on the end of growth.
To contact the writer of this article: Luigi Zingales at
To contact the editor responsible for this article: Mark Whitehouse at
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Wednesday, September 19, 2012

What is QE III likely to accomplish? Probably not much.

James Hamilton explains the likely effect of QE III here. He is silent on how expanding the Fed's balance sheet further is going to complicate the exit strategy when that time comes. Once again, it is hubris for the Fed to claim that they "got it covered" when it comes time to unwind the QE programs. Buying $40 billion in MBS a month adds to that mind set.

Monday, September 17, 2012

This is all you need to know re: Islamic unrest.

If you are serious about getting a hold of what is going on today, the book "What Went Wrong" by the great middle east historian Bernard Lewis is a must read. The over-riding theme of the book is the examination of  today's failed Muslim societies asking the same question over and over...."who did this to us?"

$50 bucks to the first reader who knows the answer....

Sunday, September 16, 2012

Saturday, September 15, 2012

Friday, September 14, 2012

Snake oil.

The Midas Touch keeps its luster in the Republican party. Read about it here.

Thursday, September 13, 2012

Nuts! Hell yes I signed it.

Yes, I signed it.  Laurence Kotlikoff thinks this is political hackery and wants a "sincere apology". OK here it is ....I'm sorry I did not sign it sooner.

General McAuliffe said it best when he was asked to surrender during the Battle of the Bulge. Nuts! was his reply. Sounds good.  

Tuesday, September 11, 2012

Why September 11? History my dear friends.

I picked today to restart my Blog after some vacation/start of semester down time. And what a day it is. Any one know why Osama bin Laden chose September 11 as the day for that dirty deed 11 years ago? History holds the answer.

Islam was spread in western Europe up from Morocco across Gibraltar and into the Iberian peninsula. The Islamic influence is still there today in Spain. From there Islam spread to France and ultimately hit its high water mark in 732 where Charles Martel stopped the Muslim advance at the Battle of Tours. It then took until the golden year of 1492 until the last of the Islamic forces were ejected from continental Europe from the port of Grenada, Spain. Thus you would hear OBL lament about what he called the "crime of Iberia".

To the east there was the Ottoman empire which was controlled by the Turks of course. Islam was spread in eastern Europe by the Turks and their influence is still present today. The many Muslim areas of the former Yugoslavia are testament to this expansion. Well, folks like OBL held on to days of infamy, just as I suppose December 7th and September 11th will be part of our history forever. For the folks who hold on to the glory days of Islamic conquest, September 11 is a date of infamy. That was the date that the Ottoman forces were stopped in their western advance at the gates of Vienna.....September 11, 1683. That was the high water mark of Ottoman Islamic conquest.

The victory was secured largely by the forces of the Polish Hussars.

And now you know the rest of the story.