Friday, October 31, 2008
what the economy needs now is something to take the place of retrenching consumers. That means a major fiscal stimulus. And this time the stimulus should take the form of actual government spending rather than rebate checks that consumers probably wouldn’t spend.
And we all are retrenching. Just yesterday I suggested we do some pretty major renovation around the house, something Diane has been pushing for now for several years. Guess what? Not now; don't want to go into debt. And so we hold onto our money and make things worse (according to Mr. Krugman). Oh, and by the way, Mr Krugman references another one of those "Great authors of the Western World', this one St. Augustine, when he is saying that now is not the time for consumers to not buy - we just had a 3.1% dip in the third quarter. Here's the quote:
Sooner or later, then, consumers were going to have to pull in their belts. But the timing of the new sobriety is deeply unfortunate. One is tempted to echo St. Augustine’s plea: “Grant me chastity and continence, but not yet.”
Thursday, October 30, 2008
Wednesday, October 29, 2008
Those who have too much of the goods of fortune, strength, wealth, friends, and the like, are neither willing nor able to submit to authority....On the other hand, the very poor, who are in the opposite extreme, are too degraded....Thus arises a city, not of freemen, but of masters and slaves, the one despising, the other envying; and nothing can be more fatal to friendship and good fellowship in states than this: for good fellowship springs from friendship; when men are at enmity with one another, they would rather not even share the same path. But a city ought to be composed, as far as possible, of equals and similars; and these are generally the middle classes.
....Thus it is manifest that the best political community is formed by citizens of the middle class, and that those states are likely to be well-administered in which the middle class is large, and stronger if possible than both the other classes, or at any rate than either singly; for the addition of the middle class turns the scale, and prevents either of the extremes from being dominant. Great then is the good fortune of a state in which the citizens have a moderate and sufficient property; for where some possess much, and the others nothing, there may arise an extreme democracy, or a pure oligarchy; or a tyranny may grow out of either extreme — either out of the most rampant democracy, or out of an oligarchy; but it is not so likely to arise out of the middle constitutions and those akin to them.
Tuesday, October 28, 2008
Monday, October 27, 2008
Sunday, October 26, 2008
Friday, October 24, 2008
Had breakfast at The Cabin with Jim and Wilma and Diane, along with a couple of dozen more friends and neighbors and strangers, too, and then went for a walk down St. Mary's Road. Lots of good exercise and lots of good things to see on this Skywatch Friday: Overcast skies and an occasional raindrop along with trees laden with big black birds. Interesting stuff in grays and blacks but then there is the fall colors to appreciate as well. It's cool.
Thursday, October 23, 2008
If voters find on Election Day that their names are not on the rolls, they should contact a voters’ rights group like Election Protection, at 1-866-OUR-VOTE, or a political campaign, which can advocate for them. They should not, except as a last resort, cast a provisional ballot, since it is less likely to be counted.
Really? Wow. I didn't know that and I really don't expect any trouble when Diane and I go out and vote on November 4th. We considered voting early and also by absentee ballot but decided that we wanted to actually go to the polling place on election day. We do go early so if there is trouble, we'll have the rest of the day, at least till six, to resolve any shenanigans. And, guess what? It's a horse race here in Indiana this year and that means my vote really does make a difference!
Wednesday, October 22, 2008
Tuesday, October 21, 2008
Monday, October 20, 2008
Sunday, October 19, 2008
Saturday, October 18, 2008
Friday, October 17, 2008
-saw another excellent movie last night: Together. About a young musical prodigy and his relationships with several adults. PG (don't see many of those in this house!) and very touching as well as filled with music. Yes, it's foreign and has subtitles.
-the Red Sox had themselves another miracle last night, coming from seven down to extend their series with the Rays. Rays and Phillies in the World Series? Wonder how many people picked that combination last Spring. Of course, the Rays aren't in yet. No chicken counting till the fat lady sings.
-time to clean up, dress up, and then go see how those two little guys are doing. Getting bigger every day, know that for sure...