Friday, January 25, 2008

Tuesday, January 01, 2008

Rush Limbaugh's brother David pleads...

'Time to Step Up, Fred!' Fred Thompson that is...

It's time to step up, Fred. Conservatives need a leader about whom we have no major reservations. The only one looming out there about you is your failure, so far, to persuade voters you want the job.
That said, he needs to make a more convincing case to the voters, which will require a greater display of enthusiasm that he views these as both perilous and promising times and that he is the best man, overall, to navigate the ship of state through these times.
So, Fred, please, as distasteful as it may be to you, it's time to step up and prove you want it. Time is short.
David Limbaugh, brother of radio talk-show host Rush Limbaugh, is an expert in law and politics and author of Bankrupt: The Intellectual and Moral Bankruptcy of Today's Democratic Party.
Maybe this is Rush backdoor way of endorsing Fred Thompson. Rush said many times he does not endorse anybody at the primary and he probably do not want to break his own rule. Maybe Fred Thompson's plan is like Tiger Woods game plan to win - practice, practice, practice - deliberate, well thought out practice plan.

Happy New Year 2008

from Thomas Sowell's column today...a reminder for less government intervention, freer free market management of market volatility...
To this day, there are people who believe that the market economy failed when the stock market crashed in 1929 and that the Great Depression of the 1930s that followed required government intervention.
In reality, the stock market crashed by almost exactly the same amount on almost the same day in 1987 - and 20 years of prosperity, low inflation and low unemployment followed.
What was the difference? Politicians - first Pres Hoover and then Pres Roosevelt -- decided that they had to "do something" after the stock market crash of 1929.
In 1987, President Ronald Reagan decided to do nothing - despite bitter criticisms in the media - and the economy recovered on its own and kept on growing.
To people who think the government should "do something" - and this includes most of the media - it would never occur to them to compare the actual track record of what happens when the government does something and what happens when it lets the market adjust by itself.
Back in 1971, President Richard Nixon responded to widespread demands that he "do something" about rising prices by imposing wage and price controls that got him
re-elected in a landslide. Moreover, the later damage to the economy was seldom blamed on those price controls.
Recently, Professor N. Gregory Mankiw of Harvard, a former chairman of the Council of Economic Advisers, noted that people in Congress and the White House were wondering what they should do about the current economic situation. His suggestion: "Absolutely nothing."
It is not just free market economists who think the government can do more harm than good when they intervene in the economy. It was none other than Karl Marx who referred to "crackbrained meddling by the authorities" that can "aggravate an existing crisis."
Ronald Reagan and Karl Marx did not have much in common, except that they had both studied economics.