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Posts by ggekko60506

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  • Is Gold a Good Investment?

    02/11/2009 1:14:04 PM PST · 86 of 113
    ggekko60506 to OneVike

    You are embarking on your investment journey in a very wise way by seeking the counsel of others before proceeding. Good for you.

    Gold is in a competitive matrix with our investments and its relative attractiveness varies over time. It would be misguided to think of investing in gold as an “either/or” type of choice.

    Gold’s place in the investment universe is as an alternative to National paper currencies (U.S. Dollar, Japanese Yen, etc.). For U.S. based investors investing in Gold has been, at different times, a bad investment and at different times a good investment.

    Gold, unlike many other competing investments, does not earn interest while it is being held (unless you are a huge buyer who is then in a position to lend Gold for interest). In times of a soundly managed U.S. dollar Gold is an inferior investment to interest bearing alternatives. In times of poorly managed U.S. dollar such as the 1973 - 1981 period Gold outperforms most conventional investment products.

    We are in a special situation now with respect to the U.S. Dollar. We are in the middle of an epic crackup of the Dollar-based montetary system that has been in place since the end of World War II. The outlook is murky but higher inflation and general turmoil seem to be a certainty. In this climate moving the percentage of one’s portfolio in gold from 5% to 35%/40% would look to provide strong capital gains over the next several years.

    I am putting the rest of my portfolio into beaten down energy shares and Triple-A corporate bonds which I feel will weather the coming storm. While I like to the currency insulation provided by Gold I do not want to completely lose interest and dividend income.

  • Peter Schiff Was Wrong

    01/27/2009 9:01:21 AM PST · 6 of 15
    ggekko60506 to Ancesthntr

    Since you are a fan of Schiff it was gutsy of you to post this counter-analysis.

    Shedlock’s analysis of Schiff’s past predictions is a devastating deconstruction of Schiff’s ideologically-driven analysis. I felt sorry for Schiff after reading this.

    The lesson to be drawn from this is identify and use a data-driven rather than ideology-driven analyst with a documented track record.

    Everyone should try to remember the previously discredited “perma-bears” Robert Prechter and Ravi Batra before jumping on the bandwagon with a new guru.

  • Tough times for newspapers

    01/17/2009 1:42:03 PM PST · 47 of 47
    ggekko60506 to mom-7

    “Seems like it is just the liberal rags that are in trouble.....”

    This is exactly correct. The “newspapers in turmoil” story line always fails to distinguish between dominantly left-slanted media outlets and those with a more balanced editorial policy.

    The Wall Street Journal is gaining circulation and is profitable as are other Murdoch owned media properties. Fox News and the other Murdoch properties are bucking the trend because of a rightward editorial policy.

    The headline should really read “left-leaning media outlets face a financial crisis because they have systematically alienated 35-40% of their audience”.

  • W & Foreign Energy: Stemming the Tide

    01/13/2009 6:18:00 PM PST · 2 of 2
    ggekko60506 to Scott Martin

    An interesting post.

    The other unheralded triumph of the Bush Administration has been the revival of the Nuclear Power Industry have been on its deathbed just a few years earlier.

    It appears at this point that it will be very difficult both economically and politically for Obama to put the Nuclear genie back into the bottle.

    This single initiative by President Bush promises to have a more profound effect on the National Economy and National Security than anything done Clinton or likely to be done by Obama.

  • Gray Lady—Gone By May?

    01/09/2009 8:33:08 AM PST · 57 of 58
    ggekko60506 to donna

    “Those fellows are about getting and staying rich.....”

    I should not be a crime in this country to make money so that argument is vacuous. Do you work for free?

    If you are unable to rationally distinguish the editorial content of Fox News versus the NY Times I truly feel sorry for you. During the election Fox News was the only MSM outlet that gave substantial coverage to the Jeremiah Wright and William Ayers scandals. The NYT, by contrast, acted as a de facto propaganda organ of the Obama campaign.

    This conspiratorial mindset that has infected some parts of Conservative movement will consign Conservatives to the political wilderness for many years to come. When managing a political coalition the single mandate is to reward your friends and punish your enemies. Preeminent to the successful implementation of this mandate is the ability to recognize who your friends are.

    A NYT under Murdoch’s management would be a great improvement but for the mere fact of no longer having to contend with magnification of every Conservative scandal and misstep. As much as Conservatives rightfully deprecate the NYT it is very important media outlet. The NYT sets the editorial tone for about 80% of the MSM. To move such an important outlet to a position of mere political neutrality would be a huge step forward.

  • Gray Lady—Gone By May?

    01/08/2009 4:07:32 PM PST · 55 of 58
    ggekko60506 to donna

    You are right.

    Roger Ailes, Rupert Murdoch, and Rahm Emmanuel are all in a room plotting how to stick it to the Conservative Movement.


    Don’t forget your tin foil hat.

  • Gray Lady—Gone By May?

    01/08/2009 11:26:10 AM PST · 52 of 58
    ggekko60506 to donna

    Murdoch has always been somewhat cynical in his political support. I don’t like or support Hillary but the Republican challenger was so weak he had almost no chance of winning. While Murdoch’s behavior was not admirable in this case it is least understandable. The Federal Government has so much power over the media business through the FCC it would be imprudent for someone like Murdoch who has so many media properties not to have access to policy makers.

    The big picture is that the media landscape in the U.S. would be altered in a massive and a good way if Murdoch took over the NYT. Thousands of newspapers and electronic media outlets take their editorial cue from the NYT. A profound rightward shift in the editorial policy of the NYT would effect in a good way the entire national media fabric.

  • Gray Lady—Gone By May?

    01/08/2009 11:15:20 AM PST · 51 of 58
    ggekko60506 to donna

    The NYT leaked several national security-related new stories that have greatly impeded the the War on Terror. The NYT should have been prosecuted by the DOJ for high treason.

    Murdoch ownership of the NYT would be the equivalent of an earthquake in the media world. The caterwauling of the NYT Editorial Board would be heard all the way to New Jersey if it were to happen.

  • Gray Lady—Gone By May?

    01/08/2009 10:47:33 AM PST · 47 of 58
    ggekko60506 to donna

    I don’t know about Murdoch’s support of Hillary but I do know that every time that Murdoch has taken over a major paper he has steered in the direction of a Center-Right editorial policy.

    When Murdoch took over the NY Post he transformed it from populist, left-wing rag that was bleeding circulation into the only conservative voice in the N.Y. media market (R.I.P. the sorely missed NY Sun). The same pattern was seen in acquisitions made in the UK and Australia.

    Murdoch would undoubtedly see the lopsided editorial drift at the NYT as a huge business opportunity and he would orchestrate a hard right turn for the “paper of record”.

  • Gray Lady—Gone By May?

    01/08/2009 10:01:37 AM PST · 43 of 58
    ggekko60506 to jimbo123

    A shutdown of the NYT is unlikely.

    A more probable scenario is a managed bankruptcy if they are unable to renegotiate the terms of their debt.

    The more exciting possibility is that Murdoch will be able buy the NYT at a fire sale price by making an attractive offer to the do-nothing heirs of the Sulzberger family.

    Part of the problem with the NYT’s finances involves the outrageously high payments made to these heirs by the legendarily incompetent “Pinch” Sulberger.

    “Pinch” has been able to retain control of the NYT by making ridiculously high payouts to the Sulzberger hiers. Murdoch has the assets available to overturn the two-tier share structure of the NYT by bypassing management and amking an offer directly to the Sulzberger heirs.

  • Deepak Chopra Offers Obama 9 Steps to Peace (Collapse of Western Civilization)

    01/04/2009 7:33:00 PM PST · 16 of 41
    ggekko60506 to Mr. Mojo

    Mr. Chopra gratuitously invoked the name of President Eisenhower in a very intellectually dishonest way.

    To set the historical record straight it is now known that President Eisenhower had to twice threaten nuclear strikes against China in order to eventually enforce a hard won peace on the Korean peninsula.

    The historical lesson to be drawn from the Eisenhower era is that diplomacy is only effective when backed by the credible use of force. The Clinton Administration illustrated the futility of diplomatic posturing which lacked the credible use of military power.

  • America is Going Down

    12/14/2008 3:14:41 PM PST · 115 of 122
    ggekko60506 to unkus

    I meant to reply to the original poster.

    My bad.

  • America is Going Down

    12/14/2008 11:28:26 AM PST · 28 of 122
    ggekko60506 to unkus

    “My advice to you is to change your assets from being based on the U.S. dollar to another government’s currency.....”

    Yeah, okay, that is a really easy thing for the average American to do.

    Thanks for that advice. Saying that is about as useful as telling a would be stock market investor to “buy low, sell high”. As vacuous as it is vague.

    There is virtually no risk of a sovereign debt default by the U.S. Government. The real risk is the Fed will monetize a large portion of the debt leading to much higher inflation.

    For that risk buying physical gold is the best hedging vehicle for the avergae American.

  • By Chicago Standards, Blagojevich Isn't Crazy

    12/11/2008 8:52:48 PM PST · 30 of 30
    ggekko60506 to tcrlaf

    Neither proposal was given sufficient attention. I don’t know much about the Gary proposal but it was undoubtedly doomed from the start because it would not generate jobs and patronage in Cook County.

    The Peotone airport proposal in Will County was particularly attractive because the plan called fro leveraging the intermodal transportation opportunities available near the site (truck and rail terminals). This airport would have handled freight traffic only rather than passenger traffic.

    It was an excellent idea but politics killed it.

  • By Chicago Standards, Blagojevich Isn't Crazy

    12/11/2008 5:01:16 PM PST · 26 of 30
    ggekko60506 to Toddsterpatriot

    The Ohare expansion project is buying land in Elmhurst and Bensenville in order to complete the build out. This land is among the most expensive in the Chicago suburbs.

    By contrast, the alternative proposal for a second airport in Will County, would have used land that cost a tenth of cost of what is available in Cook County.

    The alternative proposal was killed by William Daley, Mayor Daley’s brother. The “fix” was in so now Illinois and Federal taxpayers have the privilege of paying 10 times what the cost should have been in order to grease the wheels of the Cook County Machine.

  • By Chicago Standards, Blagojevich Isn't Crazy

    12/11/2008 10:55:17 AM PST · 20 of 30
    ggekko60506 to lewisglad

    The plot thickens.

    If Blago spilled the beans to avoid a long prison sentence along with Tony Rezko we may be in for some very interesting times here in Chitown.

    The possible involvement of Jesse Jackson jr. in the “pay for play” Senate seat auction is explosive. I did not realize how carefully parsed Mr. Jackson’s statement was until I read the Jon Kass article. Mr. Jackson did not explicitly deny that one of his underlings may have conveyed the offer to Blago.

    The corruption hairball in Chicago is being unwound. I can’t wait.

    Kass’ point about Ohare Airport is vary much on point. There was a proposal to build a second airport in the Chicago area rather than expand at Ohare that was killed by Mayor Daley and his brother who was Clinton’s Commerce Secretary. They are now moving graveyards at astronomical prices in Elmhurst rather than building a second airport with cheap land in Will County. Such is the price of corruption to the public.

  • Hit by Recession, NPR to Lay Off Seven Percent of Staff (Dinosaur Media DeathWatch™)

    12/10/2008 1:11:31 PM PST · 10 of 62
    ggekko60506 to SIDENET

    This post made my day.

    Thank you.

  • Source: Feds take [Illinois] Gov. Blagojevich into custody

    12/09/2008 9:09:41 AM PST · 496 of 975
    ggekko60506 to Houghton M.

    “a really awesomely stupid blabbermouth......”

    I would add to your fine description “breathtakingly arrogant”.

    It is obvious that Blago should have clammed up and locked things down after the Rezko indictment but he was too stupidly arrogant to do so. Stupidity, arrogance and a big mouth are a bad combination for any politician but it should have penetrated Blago’s obtuseness that with an honest U.S. Attorney (Fitzgerald) in town it was a new ballgame.

    You are absolutely correct about Daley and Obama. They will be much tougher nuts to crack because they are smarter than Blago and more ruthless.

  • Source: Feds take [Illinois] Gov. Blagojevich into custody

    12/09/2008 8:09:56 AM PST · 376 of 975
    ggekko60506 to maggief

    “Senator says he’s still willing to help Blagojevich despite - hiring concerns...”

    I am profoundly glad that our “toy” Governor has been indicted but everyone needs to take a deep breath and calm down about this cesspool of corruption reaching up to taint the President-elect.

    President-elect Obama was working a different taproot of corruption in Illinois politics than Governor Blagojevich. Obama had a corrupt relationship with a bevy of politically connected real estate developers including Tony Rezko. The Illinois cityscape is blighted with hundreds of abandoned projects erected by these developers. Obama acted as the chief fundraiser in Springfield for these “developers’ many of whom had never had put a single structure in the entire lives until hooking up with Obama. Unfortunately, under Illinois law, none of this blatantly corrupt back scratching is illegal.

    At this moment of Governor Blagojevich’ s indictment I am undergoing a profound sense of nostalgia for the administration of Jim Edgar. His demeanor was that of a pasty white door-to-door Amway salesman but he balanced the budget and ran a squeaky clean administration. To paraphrase Jack Nicholson that, in terms of Illinois politics, is “as good as it gets”.

  • Source: Feds take [Illinois] Gov. Blagojevich into custody

    12/09/2008 7:38:54 AM PST · 302 of 975
    ggekko60506 to Cheburashka

    “Nope. Thompson and Edgar never went to jail”

    The definition of genius in Illinois politics running a balanced budget on the state level and not getting indicted.

    By that standard, both Thompson and Edgar were geniuses of Illinois politics.

  • WSJ: Saudi Arabia's Oil Equation

    12/08/2008 2:27:04 PM PST · 23 of 23
    ggekko60506 to evad

    “ interesting theory but do you really think that’s why the bottom has fallen out of oil prices?”

    No. I do not think the Saudis are that smart. I do, however, believe that they are being pretty cagey by refusing to cut output immediately at this time.

    What is not commonly appreciated is that there are significant political tensions within OPEC that could be exploited if Western political leaders were more adroit.

    Most cartels eventually collapsed because of such internal political tensions. After the first Gulf War OPEC very nearly collapsed because the Saudis greatly ramped up production. OPEC nearly collapsed again during the 1998 - 2000 period when a barrel of oil fell to less than $9.00 per barrel.

    If the U.S. had looked upon this as an opportunity rather than a problem we could have broken OPEC’s back during this period. Instead of locking out more and more areas for oil exploration as a sop to the environmental lobby a small move toward exploration could have crushed OPEC.

    The accession of Obama could not be worse from this perspective. The enacting of even a small part of McCain’s energy proposal would have consigned OPEC to the dustbin of history.

  • Wealth, Income, and Money

    12/08/2008 11:29:54 AM PST · 7 of 38
    ggekko60506 to Da Coyote

    Journalists can’t add.

    That is why they become journalists.

    The state financial reporting in this country is abysmally low and often displays a quasi-Marxist bias.

  • WSJ: Saudi Arabia's Oil Equation

    12/08/2008 10:59:01 AM PST · 14 of 23
    ggekko60506 to evad

    The internal politics of OPEC that this article discusses are a fascinating topic.

    The Saudis are playing this turn events very shrewdly. By keeping the price of crude at the current level they slow down or stop energy conservation efforts in the developed countries and they deny new capital to potential rivals Russia and Venezuela.

    Saudi Arabia is acting like a smart heroin dealer: they give us enough junk to keep us addicted by they avoid killing off their cash cow.

  • Democracy Is An Over-rated Concept

    12/08/2008 8:32:22 AM PST · 15 of 42
    ggekko60506 to sauropod

    “Our descent into hell began w/ women getting the vote ;-).”

    I would add basic civics knowledge and knowledge of foreign policy into the mix as constituting the bare minimum for allowing a citizen to exercise the franchise.

    The criteria posited by the author is an impossible wish list in today’s political climate. We are now fighting a desperate rear guard action prevent illegal aliens from voting.

    Demanding proof of citizenship and cracking down on voter fraud would be best to hope for in the current climate. Remember, however, the massive, artificial furor that the Liberals were able to stir up because President Bush fired a few U.S. Attorneys who refused to investigate vote fraud in the 2004 Presidential election.

  • Iraq, American Ally - Mesopotamian democracy represents our best hope for political-cultural...

    12/07/2008 8:58:43 PM PST · 7 of 16
    ggekko60506 to padre35

    Krauthammer did not say this but this result is a resounding affirmation of the correctness of the Bush doctrine.

    The Left spent three years on oceans of ink likening President Bush as a war criminal. It will be seen after the sectarian passions have died down that President Bush’s Iraq policy was the most successful foreign policy demarche since the Marchall Plan.

  • Obama Pledges Not To Smoke In White House

    12/07/2008 5:09:57 PM PST · 16 of 47
    ggekko60506 to beckysueb

    Recent studies have shown that the overwhelming percentage of “air rage” incidents occurred on international flights of longer than 4 hours where smoking was banned.

    These incidents were clearly related to nicotine deprivation.

    I don’t the man with his finger on the nuclear trigger to be suffering from nicotine fits.


  • A Day That Will Live In Infamy -- Freedom isn't Free

    12/07/2008 3:56:19 PM PST · 6 of 13
    ggekko60506 to foutsc

    I too used to laugh at this photograph. I also thought it embodied the the spirit of French decline and effeteness.

    Now that I am older I realize that the defeatist, defensive mentality that dominated Vichy France can infect and sap the spirit of any nation. I also came to know that the politicians of pre-War France resembled in a remarkable and very scary way the weakness, timidity and mendacity of American politicians of out present day. We have urgent national problems which our politicians refuse to discuss because it is uncomfortable or it will offend some special interest pressure group. The spirit of Vichy is alive in America.

    We desperately need a leader or Reagan’s caliber to re-awaken the sleeping National spirit. In Irving Kristol’s book “World War IV” he shows how the itellligentsia systematically undermined the war effort in Viet Nam by attacking its moral legitimacy. We are witnessing the exact same process with War against Islamo-Fascism.

    The author’s evocation of the spirit of Vichy is haunting. I pray that some figure arises soon before we slip into our own long, dark night of tyranny.

  • Dec 2, 2008... the death of the COMEX, and the death of the dollar

    12/07/2008 11:53:38 AM PST · 15 of 54
    ggekko60506 to slnk_rules

    Completely plausible and massively sobering.

  • UK plotting to invade Zimbabwe: Mugabe spokesman

    12/07/2008 10:23:55 AM PST · 26 of 38
    ggekko60506 to Clive

    “It is not going to happen”

    Too bad.

    It is unfortunate how post-colonial politics and geography can muck up would could have been be a “splendid little war”.

    I think this what we have to look forward to under the “Obambi” presidency: global anarchy.

    The other potential geo-political dominoes we can expect to fall:

    *a de facto invasion and occupation of
    Siberia by China.

    *A continuation of the take over of Mexico
    by narco-terrorist elements.

    *A non-response to the India-Pakistan

    I predict after two years of “Obambi” multi-lateralism that people will begin to look back on the Bush Administration’s foreign policy with unrestrained nostalgia.

  • UK plotting to invade Zimbabwe: Mugabe spokesman

    12/07/2008 9:53:36 AM PST · 13 of 38
    ggekko60506 to padre35

    I hope to Brits do mount an invasion. We should be glad to hold their coats if they do so.

    It would be a teaching moment for the Left in U.S. and the U.K. for the Brits to apply the Bush doctrine to Zimbabwe.

    Failing states that threaten their own citizens and other states sacrifice their sovereignty in the course of doing so. Zimbabwe, on the geo-political level, is a public health risk to the international community. The rest of the world has both a political and moral warrant to contain the contagion.

    It would be the height of irony if the Left calls of for the application of the Bush doctrine to Zimbabwe. Since the Left is shameless in its hypocrisy I will not be surprised if they do so.

  • Source: Illinois State Senator to Likely to Fill Obama's Senate Seat

    12/06/2008 4:08:43 PM PST · 19 of 23
    ggekko60506 to NormsRevenge

    It might be a good idea to teach him how to read before he assumes the Senate seat.

  • The Bell is Tolling for the IL Governor (Blagojevich)

    12/06/2008 8:25:07 AM PST · 12 of 35
    ggekko60506 to theFIRMbss

    You too, huh?

    My Brother and I both think Lisa Madigan is HOT!

  • Ad losses send industry into a tailspin

    12/05/2008 10:33:11 AM PST · 18 of 37
    ggekko60506 to Moose4

    Who wants to catch a falling safe?

    MSM properties for sale have been properly devalued because shrinking advertising revenues and recalcitrant labor unions that suck most of the profit out of the business and work against the implementation of process innovation.

    Rupert Murdoch has been the only entrepreneur in recent times who has been able to revive moribund media properties. His modus operandi involves essentially re-organizing these companies as non-union or semi-unionized operations. His MO takes a lot of money and guts to pull off.

    This method can still work bit prepared for reprisals from the union goons.

  • O.J. Simpson could get 6 years, 18 years -- or life

    12/04/2008 10:47:14 PM PST · 27 of 39
    ggekko60506 to DieHard the Hunter

    What happened to OJ Simpson?

    He cracked.

    His hold on celebrity was fading, his businesses were starting to turn south and his somewhat flighty ex-wife had the temerity to tool around Brentwood with her younger lover in his sports car.

    There are actually some degree of resemblance between OJ’s sordid tale and Shakespeare’s “Othello”. In this case, however, the part of Iago was played by OJ’s own bloated vanity.

  • Question for my fellow freepers (regarding Afghan-Soviet 1980s war)

    12/04/2008 9:49:40 PM PST · 16 of 23
    ggekko60506 to MadIsh32

    Thank you for your kind words.

    “A little investment in schools and roads could have made a big difference. Along with giving more support to Massoud Shah”

    I can’t speak to the idea of supporting Massoud Shah but it would not surprise me if we backed the wrong horse again in this region.

    The State Department is filled with half-assed T. E. Lawrence “wanna bes” have made a series of catastrophically ill thought out diplomatic decisions in this part of the world.

    The new breed of American Special Forces soldier who is able to speak the local language, understand the culture and assist moderate political elements to build successful social networks from the ground up are worth about twenty diplomats by my reckoning. I would trade all the overpaid blowhards at Foggy Bottom for a batallion of these amazing Special Forces soldiers.

  • Question for my fellow freepers (regarding Afghan-Soviet 1980s war)

    12/04/2008 9:18:16 PM PST · 10 of 23
    ggekko60506 to MadIsh32

    Thanks for creating a very interesting post.

    To quote Palmerston: “Permanent interests, no permanent allies”.

    In the book and the movie about Charlie Wilson it is alleged that he said that we “f....ed up the endgame” of the Cold War. I believe this view to fundamentally wrong along with idea that picking a different warlord would have blunted the emergence of radical Islamic terrorism with which we are now contending.

    The roots of radical Islamic jihad activity run much deeper than particular factions in Afghanistan or the ISI in Pakistan. By way of analogy, picking a different, more moderate Red faction in Russia to support would not have stopped the upsurge of the Communist movement.

    Islamo-Fascism has deep historical roots across multiple countries and has been emerging as as ideological force since the decline of the Ottoman Empire after World War I. Islamo-Fascism is profoundly reactionary movement that is threatened as much by the rise of Modernity as by the ascendency of the West.

    The current Islamo-Fascist movement is supported by oil money coming many sources in the Middle East not the least of which is Saudi Arabia. If these funding sources were to dry up the the Islamo-Fascist movement would die on the vine and degenerate into little small scale operations not capable of mounting serious attacks against Western interests.

    One of the pernicious myths of the current situation is the idea that Islamo-Fascist groups are stateless actors who are capable of producing random terrorist acts. This myth has misled our intelligence agencies for the last twenty years.

    It is state sponsors of terror that give critical logistical and financial support to the terror networks. Dr. Laurie Mylroie has done courageous work showing Iraq’s extensive support for the terror networks prior to the most recent Iraq war. Iran’s support of other Islamo-Fascist terror networks is massive and voluminously documented.

    The reality of the situation is that the U.S. did not “f...k up the endgame” of the Cold War but we have only erratically opposed the the state sponsors of the Islamo-Fascist movement.

  • Capitalists: get up off your knees, please

    12/04/2008 6:46:38 PM PST · 22 of 23
    ggekko60506 to TheWasteLand

    There is a subtext to this election that many defenders of the Capitalist system and it allied philosophic approach to Government are either ignoring or are afraid to talk about.

    The reality I have seen within my own social circle is an almost pathological aversion to great risk and adventure. People want the fruits of Capitalism, the most of important of which is prosperity, but they do not want experience risk, failure or deferred gratification. In short, to quote George Gilder, the majority of people seem to want “Capitalism without Capitalists”. The politicians of Obama’s ilk are only to ready to accommodate the people in this conflicted, ultimately delusional desire.

    The majority of the electorate seems to be exhausted with the “creative destruction” brought about by the effect of Capital seeks its highest return in a freely traded environment.

    The tepid response of the traditional defenders of Capitalism is due I think in some measure to this changed landscape.

    We have experienced 30 years of relative prosperity due to the intellectual and later political triumph of Conservative economic ideas over their Socialistic counterparts but the reality of job insecurity seems to be trumping everything else of the political level.

    Fifty years of public education with its neo-Marxist overtones and 20 years of the Oprah show seemed to have accomplished what Hitler and Stalin could not accomplish. Many Americans now seemed prepared to surrender their freedom to the demagogue of the moment for sake of security.

  • Harvard endowment loses $8bn in four months

    12/03/2008 10:41:29 PM PST · 27 of 33
    ggekko60506 to Emmett McCarthy

    Permit me to share some contrary thinking about financial meltdowns.

    I celebrate the fact that Harvard’s Endowment Managers have apparently driven the endowment car into a ditch.

    In the long run, financial meltdowns have the salutary effect of shaking up our society’s increasingly ossified and timorous leadership cadre.


    12/03/2008 1:56:54 PM PST · 5 of 17
    ggekko60506 to neverdem

    Thank you for posting this article.

    There is something very strange going on with this political hit piece directed against General McCaffrey.

    I am not a supporter of General McCaffrey and thought his criticism of the Iraq War strategy to be opportunistic in preparation for another Presidential run but the timing of this piece in the NYT is curious.

    My speculation is that McCaffrey was being considered for some type of important job in the new administration and his enemies leaked carefully selected information to a reporter in order to preemptively scuttle the job offer.

    Thoughts anyone?

  • 'Made in America' must make a comeback

    11/27/2008 7:19:56 PM PST · 28 of 97
    ggekko60506 to kellynla

    Where do I start with this “regular guy” macro-economic analysis?

    The populist suspicion of “middle men” and “bankers” is redolent in this article. There is nothing inherently bad or wrong in creating global value chains as American business has been compelled to do by an extremely hostile regulatory and legal environment. In most cases American businesses have out sourced in order to avoid the high expense and uncertainty of doing business domestically.

    I would ask the author of this article to direct his attention to the environmental lobby, the trail lawyers and bureaucrats in the EPA who have made manufacturing and energy production an unknowable gamble in this country.

  • Is Britain Going Bankrupt?

    11/24/2008 10:44:12 PM PST · 15 of 15
    ggekko60506 to blam

    “Maybe even move Stonehenge to Arizona...out there with that bridge, huh?”

    Something like that.

    Think of the glitter of the concept. The UK now largely subsists on tourism and finance. With the financial sector going into a prolonged slump converting the entire country into a theme park would work very nicely.

    Disney would undoubtedly want outsource the National Health Service, however.

  • Is Britain Going Bankrupt?

    11/24/2008 8:57:45 PM PST · 12 of 15
    ggekko60506 to mysterio

    I have better idea privatize Britain: sell it to the Disney Corporation.

    Disney could turn the entire country into a “Middlemarch” theme park.

  • Emperor Obama's Clothes are Visible and Scary

    11/22/2008 4:52:13 PM PST · 15 of 26
    ggekko60506 to SkyDancer

    I am sure that there is a good deal of buyer’s remorse among Obama voters especially Independents but this article hits upon the more troubling.

    The strategy of the cultural Marxists appears to have reached critical mass in this election. I too watched the CNN “people meter” with growing horror. The more touchy-feely and Oprah-esque the candidate was in his response the more the self-styled independents liked his response.

    Apparently over half the electorate is in this lamentable condition. 50 years of public education and twenty years of the Oprah show have done its work.

    Conservatives and Republicans are hotly debating the “message versus the messenger” issue and seem oblivious to this massive cultural shift. No amount of message tweaking will be able convince the mass of the new electorate to vote for strong economic and military policies.

    The cultural Marxists have conquered America without firing a shot.
    I have noticed this same anti-conceptual, emotional response to politics among younger people and even my own nieces and nephews. They are impervious to reason, and are only responsive to the emotional tenor of the argument. Reality and facts be damned the motto is “if it makes me feel better it must be right”.

  • China: Gansu Locked Down After Riots (massive crackdown: photos)

    11/22/2008 2:08:43 PM PST · 62 of 69
    ggekko60506 to farlander

    I don’t think the ChiComms would quite do it that way.

    Their battle plan would call for a missile attack (purchased from Russia) and air attack to cripple Taiwan’s air force. Then the ChiComms would deploy their fleet of diesel-powered submarines (purchased from Russia) to enforce a naval blockade against Taiwan. Upon execution of this plan the ChiComms would present a political ultimatum to Taiwan: submit or be economically strangled.

    At this point we would face only bad choices. To deploy our aircraft carriers in these waters would expose them to devastating missile and submarine counterattacks. The only viable option would be to enforce a counter naval blockade against China in the Straits of Malacca .

    If John McCain were President I believe the counter blockade strategy would have deterred the Chinese because he would order it. With Obama in charge I would only expect feckless protests at the U.N.

  • Job market vanity - geographically which part of America will be least impacted by downturn?

    11/22/2008 11:54:19 AM PST · 37 of 44
    ggekko60506 to Azzurri

    This is great list.

    There are parts of the country that are booming. The common denominator is investment in basic infrastructure, low taxes and sensible tort reform policies. Generally these boom areas are in “fly over country”.

    The pre-eminent researcher into entrepreneurial conditions in different parts country is Dr. Joel Kotkin. He has written extensively about these entrepreneurial hot spots. His web site is located here:


    Avoid CA, NJ, IL, MA, and OH like the plague. The states are saddled with high taxes and adverse regulatory regimes that will not changed anytime soon.

  • China: Gansu Locked Down After Riots (massive crackdown: photos)

    11/22/2008 11:38:07 AM PST · 58 of 69
    ggekko60506 to Army Air Corps

    I hope not.

    China’s fascist government may look to distract a restive populace with a foreign adventure.

    God help us with Obama in the saddle and the big red machine deciding to take a run at Taiwan.

  • California unemployment jumps to 8.2%, third-highest in the U.S.

    11/22/2008 11:07:00 AM PST · 30 of 41
    ggekko60506 to blackbart.223

    Be prepared for the Great Stagnation.

    If the states are the laboratory for Democracy look for the California model of insane environmental regulation, high taxes and out of control litigation to be exported nationally.

  • Unfair Competition From Overseas Deadly For American Car Industry

    11/21/2008 9:09:19 PM PST · 41 of 113
    ggekko60506 to Leroy S. Mort

    A pre-packaged bankruptcy is the clearly the best approach for Detroit. It would allow them to get their labor costs under control and eliminate insanity like the jobs bank which pays displaced workers to twiddle their thumbs and collect paychecks.

    It is also clear why this idea is anathema to Big 3 executives. After a Chapter 11 filing their would undoubtedly be a move by the Board of Directors to shed the current management team.

    What we really need is the re-emergence of the hostile raider. If GM were put into a bear hug by a hostile raider the Board would move quickly to change the management team.

    Since Michigan effectively outlawed hostile raids through legalizing poison pills this won’t happen. Too bad for GM, Ford, Chrysler and their long-suffering shareholders.

  • Unfair Competition From Overseas Deadly For American Car Industry

    11/21/2008 6:12:11 PM PST · 4 of 113
    ggekko60506 to Kaslin

    It was interesting article by Pat Buchanan and the anti-competitive factors listed in it do explain part of Detroit’s decline but no all of it.

    The question to my mind is why the foreign transplant factories are doing so well when they must cope with exactly the same OSHA , CAFE standards and lawsuit craziness that the Big Three must cope with.

    I think Pat is giving the UAW a free pass here. A pre-packaged bankruptcy filing would allow Detroit to shed the insane pension, job guarantee and health benefits with which they are saddled.

    The transplant factories are using American workers and some American suppliers and are coping better with the same business climate as Detroit. After paying their very high structural labor costs Detroit has very little left over to invest in R&D and I think this is the real genesis of their situation.

  • Soliciting Your Predictions on What Obama Will Do

    11/14/2008 10:07:22 AM PST · 15 of 32
    ggekko60506 to Names Ash Housewares

    We are already being given of preview of Obama’s leadership qualities during the pre-inauguration period.

    Erratic, undisciplined, lacking any kind of strategic focus. Obama’s cliche-ridden, Oprah-esque , New Age mush campaign is turning into a Oprah-esque, New Age mush Administration.

    We have seen this act before. Deval Patrick, Obama’s ideological soulmate, was elected as Governor of Massachusetts on the equally amorphous mantra of “change”. Patrick spent the first two years of his administration being rolled by the more experienced State Legislators.


    It has become frightenly apparent that Obama actually believes his mushy, New Age rhetoric. Look for him to be led around by the nose by Pelosi and Reid.

    Let us pray that our international adversaries do not make any aggressive moves while our toy President is stumbling around.