Are we on the edge of another Great Depression?

I will have to admit that I get very tired of politicians and news media making such a big deal of our small and relatively minor recessions. I remember hearing in 1992 that our economy was the worst since the great depression, which amazingly we heard again last year. It seems that this is a convenient way for them to state that the current administration has not been doing enough. The greatest hero of the great depression has been Franklin D. Roosevelt, who got this country through the depression and into World War II, which actually ended the depression.

However, economists and historians are now re-thinking this line of thought and beginning to believe that Roosevelt’s constant “tweaking” of our country’s economy and his policies did more to extend the great depression than if he had done nothing. Many in his administration were Stalin sympathizers and hoped to be able to set in place some of the same command economy systems that the Russians had designed and were extremely antagonistic to the free market. They were anything but laissez-faire. Unfortunately, however, what this did was to stifle an already struggling economy and make it not only struggle against the market forces which caused the collapse, but also against the government that claimed to be looking out for the “little guy”.

Last year I thought that all this talk about another depression was comical, just a bunch of Chicken-Little politicians trying to stir up things to get elected. Had things stayed the way they were, perhaps we would be climbing out of that recession by now. However, with almost a year of “tweaking” of his own and attacking the market as a bunch of greedy old men, our current President is doing a good job of walking down the same path that FDR took that very well could lead us to another great depression.

Amity Shays writes an interesting and updated view of the great depression in her book “The Forgotten Man“.

Which makes this debate in the Wall Street Journal very interesting. Could we be on the edge of another depression? Until recently I would’ve said absolutely not. Now, however, I’m not sure.

Eighty Years After the Great Crash — ‘Is It the ’30s Again?’ (Wall Street Journal)

 

Glenn Beck and Freedom of Speech

This weekend controversial radio and TV personality Glenn Beck has returned to his home town for a speech to thousands at Safeco field and at a ceremony at his home town of Mount Vernon, he will receive the key to the city. It’s comical just how high people’s blood pressure is rising over the fact that is he returning to this green and liberal area.

The thing that gets me as I listen to the various news reports is just how dispised by the left he is. I understand people on opposite political viewpoints not liking each other (I can’t stand Michael Moore or Al Gore). However, I’d like to thing that the reason I don’t like these people is because of their actions and how much they hate people like me. But, the same freedom that I enjoy is the freedom that allows them to express their opinions, even if I feel they are wrong. Because of this, most people on the right would never suggest that these men should be muzzled for expressing their viewpoints.

So, why is it that when someone on the right expresses their viewpoint, the political left is all about trying to shut them down? Do they only respect people’s freedom when it agrees with them? This is how (and why) our country is so great. We don’t jail people for having viewpoints or ideas contrary to the ruling administration.

At least that is the America we used to live in.

http://www.mynorthwest.com/?nid=11&sid=217707

http://seattletimes.nwsource.com/html/localnews/2009950082_webbeckdispatches26m.html

http://www.thenewstribune.com/news/local/story/893746.html

http://seattletimes.nwsource.com/html/photogalleries/localnews2009949803

http://www.thenewstribune.com/news/local/story/893746.html

 

Public debate in Washington

Monday evening I attended the town hall session put on by Congressman Norm Dicks in Bremerton, WA.  There certainly was a variety of voices on both sides of the health care debate. The following are thoughts that I had while listening to the debate.

Mr. Dicks liked to harp on the idea of medicare reimbursement rates, which he said in Washington is lower than the national average. Pointing to McCallum, TX as his example.

Quite a lot of people didn’t like the “Republican values” staements that people would state or ask.

He liked to have it both ways by stating that he was against the funding of abortions, but followed it on the heals by the statement that he has always been “100% pro-choice in his career”.

He often looked frustrated, but didn’t waver. When asked how many people that get treated at ER’s are actually U.S. Citizens, he stated that he felt it was “95%” and then followed it up by stating that it is illegal in this country to receive health care service.

When he was asked by a veteran about how he would insure that other citizens would not have to wait six months to receive treatment for pain like he did with the VA, he didn’t really answer the question, but stated that he was glad that he got good care from the VA. This seemed typical of several of his responses to people’s statements or questions. Often he would follow up with his own statement that seemed to spin the person’s words to support his own stance instead of being opposed to it.

When asked about requirement for insurance when currently we are forced to purchase auto insurance yet still have to pay for “no fault insurance coverage”. His answer was that people…. [sorry, don’t remember what I was thinking].

When challenged about the 47 million uninsured individuals how many were actual citizens, his answer was that there was 1% and no more than 5%. Later he read something from the CBO estimating this to be 8-9%.

One woman challenged him on why congress does not take the plan themselves. However, he did not answer.

When challenged by a woman that was struggling to pay bills, he stated that this was the reason that during his career he has supported the single payer system.

One woman challenged Mr. Dicks on the focus on health insurance and vouchers so that insurance wouldn’t be tied to employment.

One woman pointed out the Inadequacy of Group Health that was being used as an example of health care reform. He followed this up with his statement, “another powerful statement for national health care.”

When asked about tort reform and Mr. Dean’s answer he stated very forcefully that he has always oppossed because if someone loses the wrong limb or breast that they should not be limited by the amount of money that can recover.

When asked about how would it be possible to save half a trillion dollars as he said, Dicks stated that was over 10 years and this would happen from Medicare fixes. Not many in the crowd believed this statement.

When asked about his stance on illegal immigration, he talked about going down to Southwestern USA and stated that he was for the fence and felt that the US prosecutor needs to be prosecuting illegals. Stated that we have to get Mexico to help us with this problem.

He slyly blew off a man’s statement about when the government stops working for the people they become the oppressors and how would he insure when the government won’t decide who lives and dies.

A woman asked why are we dismantling the best health care system in the world?

When asked about a balanced budget, Dicks said that’s not the way to do so in hard times, but wait for the economy to return and revenues to come in.

Asked about not increasing taxes during hard times, he stated that he was for cutting taxes for 95% of the citizens. When the people in the room groaned, he responded with something about “how many of you are in the top 5%?”

He supported a energy policy.

He gave a very safe political response to the military abroad.

A woman stated that she would rather pay everything, including her house to have good health care than to get free health care and die waiting for care.

He stated that the current bills were written by the staff of the congressional members.

      *  *   *  *  * 

Link with photos and full video at Kitsap Sun website: http://www.kitsapsun.com/news/2009/aug/31/us-rep-norm-dicks-faces-skeptical-crown-at-town/

Link to article from the Port Orchard Independent: http://www.pnwlocalnews.com/kitsap/poi/news/56550857.html

College Grad Can’t Find Job, Sues College – Get a Life!

College Grad Can’t Find Job, Wants $$ Back

I have such a hard time believing that any sane person in such a position would think that they had a valid claim. What’s next? You want a guarantee that your car will never run out of gasoline, otherwise you’ll sue the auto manufacturer? Have we gone so far over the edge that we think we need a safety net for everything? With risk comes reward. Without risk = no reward.

What got so tiring of hearing last year during the political campaign were so many people whining “I want, I want”, “Give me, give me”. It seems a large percentage of our population looks at our government as a large ATM that spits out cash whenever they want it. When will we begin to take responsibility for our own lives.

Bolt, Gay in spotlight at track worlds

Bolt, Gay in spotlight at track worlds

I was extremely excited about this matchup. Tyson Gay was not able to compete head-to-head against Usain Bolt last year in the Olympics due to an injury he developed in the US trials. This season Tyson Gay clocked the third fastest 200m ever in New York (19.58) and led the world in both the 100 (9.77) and 200 prior to the championships. Bolt was close behind (19.59 & 9.78) and it was looking like a great matchup.

The final, was not quite so dramatic, with Bolt blazing to a new world record at 9.58 and Gay coming in close at 9.71 (a new U.S. record and the 4th fastest 100 time ever). It appeared that the matchup in the 200 might prove to be a little closer, even if Bolt was untouchable in that distance as well. Gay has always been a stronger 200 runner and has been proving that he could keep up with Bolt’s times. However, the next day Gay withdrew from the 200 due to an injury. Bolt, however, didn’t disappoint breaking his own world record again at a 19.19 clocking!

100 meter Results:  http://berlin.iaaf.org/results/bydiscipline/disctype=4/sex=M/discCode=100/combCode=hash/roundCode=f/results.html#detM_100_hash_f

200 meter Results: http://berlin.iaaf.org/results/bydiscipline/disctype=4/sex=M/discCode=200/combCode=hash/roundCode=f/results.html#detM_200_hash_f