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Thursday, September 10, 2009

221 years ago...just yesterday.


"It will be of little avail to the people that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man who knows what the law is today can guess what it will be tomorrow."-- James Madison, Federalist no. 62, February 27, 1788

In March of 1933 there were 2,785 pages of federal statutes on the books. By June of 1934, Roosevelt and the New Deal had increased that by 10,000 pages. Read up big boy...the lawyers are coming.

Sunday, September 6, 2009

20 years ago....

Check out this picture of me back in 1990. Like my father always told me..."Son, Pedal
or Coast...time goes on."


Saturday, September 5, 2009

Wednesday, September 2, 2009

Real Cool historical graphs regarding bear markets...




From the Great Dr. Rothman. Be sure to click on the different dates at the top of the graph to see the different historical episodes.





http://www.dshort.com/charts/bear-recoveries.html?bears-since-1950

Tuesday, September 1, 2009

From Karl Rove and the Wall Street Journal.

The problem for Mr. Obama is that he lacks credibility when he asserts his plan won't add to the deficit or won't lead to rationing; that people can keep their health plans; that every family's health care will be better, not worse; and that a government run plan isn't a threat to private insurance. A large number of Americans don't believe the president on this.

With this week's $2 trillion upward revision in the White House's deficit projections, August has been the cruelest month for Mr. Obama. The president is now facing a politically explosive mix of unpopular policies and an angered electorate.

It's still too early to count Mr. Obama out. His team will be back in Washington next week. They'll work on their messaging and have more than $100 million—much of it from pharmaceutical companies—to spend on ads bludgeoning reluctant Democrats and energized Republicans.

The White House will exert enormous pressure—and in the spirit of Chicago-style politics, employ threats when necessary—with Senate and House Democrats. The health-care battle, already intense, will get more so in the months ahead. ObamaCare is unpopular, but it is far from defeated.