It's A Boy!

Ame delivered a healthy, BIG (9lb, 11oz) baby boy at 7:02 this morning, on the back porch- the same spot Isabel was born 3+ years ago.

We haven't picked a first name out yet, but we're pretty set on Anders for a middle name, as a nod to Ame's Danish heritage. We'll post again when we arrive at a name.

This Redistribution of Wealth Is Trickier Than I Thought

To be fair, both Obama and McCain stand united in their belief, their faith, in the justice and value of the redistribution of wealth. I haven't seen anything from McCain to suggest otherwise. Of course, Obama has come out and said that he favors it.

Nobody seems to think himself wealthy. The blind spot here is that wealth is relative. Even if you are comfortably a recipient of redistribution today, what happens of the upper class begins to be eroded? Or, get this, if you earn a fat killing? Or, if there are just an awful lot of poor in greater need than you?

I love this personal experiment in wealth redistribution. It involves a businessman who sees a homeless man and a waiter with an Obama tie. Who needs the businessman's tip more? That's who gets it.

The waiter stammered a few "Why practice on me? I’m just a local college student!" retorts and then angrily stormed away from the table in a steaming huff of progressive self-righteous indignation.

Apparently, after experiencing firsthand the application of such socialistic governance from the perspective of the rightful wage earner, my young liberal-minded waiter was quickly convinced that income redistribution was much easier to support as a noble, magnanimous social policy than when his own hard-earned income was about to be redistributed, against his will, to another I deemed more needy.

Or, as Monty Python nailed it many years ago:



That clip only boils down to the punchline. The whole skit is a beauty, but long, spread out over Flying Circus Episode #37. Find it here.

(h/t Charleston Watch)

Meltdown Blame Game

I've been fairly astonished to see some of the vitriolic piling on against libertarianism with the meltdown of the derivative markets and subsequesnt bailouts.

Does anyone think Libertarians have been running the Federal Government? Really? Here's your reality check.

Ok, some point to Alan Greenspan, the erstwhile Ayn Rand devotee. You know- the same Greenspan that presided over the Fed during the entire Clinton Administration- that mythical period of time of milk & honey. I wouldn't call Greenspan a libertarian. Any libertarian running the Federal Reserve would have done anything in his power to return our dollars to specie-backed legitimacy. That certainly didn't happen. Link to Murray Ruthbard's libertarian critique of Greenspan.

Moreover, what made the trading in derivatives legal in the first place? A law signed by Congress, unanimously, in 2000. Catch 60 Minutes last night?

The vehicle for doing this was an obscure but critical piece of federal legislation called the Commodity Futures Modernization Act of 2000. And the bill was a big favorite of the financial industry it would eventually help destroy.

It not only removed derivatives and credit default swaps from the purview of federal oversight, on page 262 of the legislation, Congress pre-empted the states from enforcing existing gambling and bucket shop laws against Wall Street.

"It makes it sound like they knew it was illegal," Kroft remarks.

"I would agree," Dinallo says. "They did know it was illegal. Or at least prosecutable."
In retrospect, giving Wall Street immunity from state gambling laws and legalizing activity that had been banned for most of the 20th century should have given lawmakers pause, but on the last day and the last vote of the lame duck 106th Congress, Wall Street got what it wanted when the Senate passed the bill unanimously.

So, at what point do we blame lawmakers. It seems pretty clear that they didn't even read what they voted on. Just like the Patriot Act. Just like John McCain and the proposal for the bailout when it was merely 3 pages long.

The bucket laws were good regulation. The bets on stocks without any skin in the game affects the stock price. It's not like a football game, where the bets do not affect the outcome of the game. (This leaves aside point shaving, NBA refs, the 1919 Black Sox, and other notorious interactions with gambling.)

Unfortunately, I believe that this one place is going to place America squarely in the pro-regulation camp for everything. It's kind of ironic, because the critics of deregulation and capitalism decry its' adherents as 'dogmatics' and 'idealogues' in the pejoritive, when they themselves as dogmatically and idealistically pro-government, pro-regulation, and anti-capitalist.

Buchanan Has It All Wrong

Pat Buchanan is whining about a double standard being applied to the candidates. He cites the treatment of Sarah Palin as his proof.

The media cannot get enough of the "Saturday Night Live" impersonations of Palin as a bubblehead. News shows pick up the Tina Fey clips and run them and run them to the merriment of all.

Can one imagine "Saturday Night Live" doing weekly send-ups of Michelle Obama and her "I've never been proud" of my country, this "just downright mean" America, using a black comedienne to mimic and mock her voice and accent?

I take it a different way. It says to me that women have come to treated be on par with men in the political arena. Well, white women. White women have come to be treated on par with white men.

After all, everybody knows that white men run this country. White men in high places have been subject to ridicule in media, and especially on SNL for years, thinking all the way back to Chevy Chase's bumbling Gerry Ford routine. White men in high places, and now white women in high places, are all subject to spoof, satire, send-up, and all manner of piss-taking the media is capable of- because it is safe to ridicule them.

When the New Yorker ran a cartoon of Michelle in an Angela-Davis afro with an AK-47 slung over her shoulder, New Yorker editors had to go on national television to swear they were not mocking Michelle, but the conservatives who have so caricatured Michelle and the Messiah.

Is there a media double standard? You betcha.

Nah. It just means that white women have made it. They are fair game for ridicule. No more kid gloves. And it isn't strictly partisan, because as we note with the first Tina Fey send-up of Palin, there was what? Yes, a matching send-up of Hilary Clinton. So, it isn't partisan at all. Sure, Biden's an idiot who lets loose with just as much absurdity as Palin. It's just that Tina Fey is a dead ringer and hilarious as Palin. Who's a dead ringer for Biden who would be funny? Besides, the media doesn't regard black politicians as being on par with white politicians. Obviously. Or they would send 'em up.

That will change soon, or should. After all, a black man is going to be running things pretty soon. I eagerly await the satire.

Deficit No Longer An Issue?

It was just a few weeks ago that a key part of the Democratic attack was that The Bush Administration has been guilty of fiscal irresponsibility, in its' borrow and spend ways. Quoth Barney Frank:

"I think at this point, there needs to be an immediate increase in spending, and
I think this is a time when deficit fear has to take a second seat."

So, in the interest of consistency, can some Democrats please attack Barney Frank?




This is foreshadowing. The Democrats feel they have won the election already, so they are letting everyone see what their governance will be- a different kind of fiscal irresponsibility. Borrow & spend & tax.

Voting McCain will only give you borrow & spend. Bob Barr will give you spending cuts, and end to borrowing, and an eventual lowering of taxes.

Choose accordingly.

No Wasting Votes!

(Warrenton, IN)- This year, there is no reason to play the game of Prisoner's Dilemma with your vote. The lesser of two evils isn't a factor, because it's already clear who will win the big races come November 4.

Per Rasmussen, Obama has been ahead of McCain or tied nationally for 33 straight days, and has Obama ahead in Electoral votes by a 286-174 count.

Don't like Rasmussen? Zogby has the Electoral count at 273-163, for Obama. That leaves 102 'unsure', but Indiana is among the unsure. If McCain can't take Indiana, he can't take much. Zogby also shows Obama leading for 14 straight days. It might have been more, but the report only shows 14 days.

If you are libertarian, pro-free market, pro-individualist, anti-tax, anti-socialism, there is nothing to gain in voting against Obama at this point. He's going to win, and besides, McCain hasn't proven himself to be libertarian, pro-free market, pro-individualist, anti-tax, or anti-socialist. Vote for Bob Barr! When you give your vote to a candidate who makes no promise to deliver for you what you want, you tell him and his party that they can safely take you for granted.

Likewise, the various polls for Indiana Governor show Mitch Daniels comfortably ahead of Jill Long Thompson. Pollster.com has an aggregate poll with Daniels up 51%-37.5%.

Daniels is going to win in a landslide. No worries about 'wasting your vote' here, either. Vote for Andy Horning and boost the numbers for the Libertarian agenda of constitutional government, smaller and less intrusive government, lower spending, and lower taxes. Even with Daniels claiming 51%, a Horning return of 13-14% will open eyes and make the other parties sure to co-opt some important parts of his message.

Those who fall for the Prisoner's Dilemma approach to voting are suckers, anyhow. Don't want socialism? Then why vote for candidates who bring to to you at a clip of 75% of what they other team will do? You're still getting the thing you don't want by voting for the lesser of two evils.

Decision Made

I just watched tonight's debate between Obama and McCain and found it affirming of my decision to vote for Bob Barr, which I did today, casting my absentee ballot at Noblesville this afternoon.

Obama's closing statement wrapped it up well for me. He spoke of the need to do something different, because the policies of the past few decades have resulted in an economy teetering on disaster.

Well! Different means increased spending on virtually everything? In what way is that different? It wasn't just  Obama promising more spending on everything being spoken of. McCain was promising more funding also, in every area possible. With what these guys are promising, I absolutely expect similar results.

Libertarian Bob Barr is the only one talking about cuts in spending. Barr is the only one talking about not rewarding bad decisions with borrowed or freshly printed dollars.

Make no mistake- If we are in a crisis, it was made by Republicans and Democrats. Hanging it strictly on today's President is intellectually dishonest. What have the Democrats done with their majorities in the Congress? They may as well be the brothers and sisters of George W Bush, because haven't been acting to cut spending, or to end borrowing or inflating the money supply either.

Obama's right. You aren't going to get any changes by sticking to the policies that got us here. Obama and McCain are mere retreads of all the losing policy that is bringing us to the brink of depression. Change is more than swapping one team for the other. It's breaking clean.

The only way to break clean is to vote for Bob Barr, and any Libertarian candidate you find on your ballots.

Obama's Inroads

I can tell that the Obama campaign is reaching people that the Democratic Party hasn't been reaching. I need look no further than my own neighbors, a firmly Republican stronghold. Look at the returns from my home precinct, Delaware #3, in 2004:

Bush = 65.7%
Kerry = 32.8%
Badnarik = 0.9%

Link to Presidential results for Delaware 3.

Daniels = 66.7%
Kernan = 32.5%
Gividen = 0.8%

Link to Gubernatorial results for Delaware 3.

Notice that the results were almost identical, as relating the presidential and gubernatorial results by each party's candidate. That's going to change.

Now, obviously no votes have been counted yet, but my visual clues are the yard signs. I like observing yard signs off the main drags, because the parties and campaigns fill the right-of-ways with the things. I prefer to look at the residences themselves, where the property owner paid the money to get the sign, and put it out there for the world to see.

I did a count of signs in my neighborhood today, because it seemed like I was seeing a lot more Obama signs than I saw of Kerry back in 2004. Here's the tally:

Obama sign only: 38
McCain sign only: 15
Thompson sign only: ZERO
Daniels sign only: 55
Obama & Thompson signs: ZERO
Daniels & McCain signs: 53
Obama & Daniels signs: 3
Barr signs: zero
Horning signs: zero
Weingarten: 1
Burton signs: 3

What to make of it? Certainly, the Jill Long Thompson campaign is completely moribund. Either nobody is supporting her, or her campaign hasn't gotten signs made or distributed yet. In any case, moribund.

But how about the Obama and Daniels signs together? In Fishers! I have to get some pictures of these.

I think this little survey shows that the Republican base is very satisfied with Mitch Daniels as governor, but I sense a lot of buyer's remorse on John McCain, or plain alienation by McCain. The man has no real ideology to speak of, just this 'maverick' thing, which seems to be on all non-military subjects little more than a panic button that screams, 'DO SOMETHING! ANYTHING!'. That doesn't inspire anything but uneasiness, even for regular Republican voters.

If this is going on in a precinct that reliably goes 65% Republican (It also did in the 2006 Secretary of State race, Rokita 65.7%, Pearson 29.2%, Kole 5.1%), I can only imagine how precincts across America that have greater Democratic leanings are going to tilt greatly towards Obama on November 4.

The lack of anything but Obama signs shows that the Democratic organization is still very thin here. Now, that stands to change significantly. As the Obama campaign inspires people to work in his Fishers office and to put up his yard sign, surely it will yield future candidates.

As for the Libertarians, the Barr signs are available. I'll be getting one soon enough, as the Indianapolis area coordinator for the Barr campaign just got them in. I wish I had seen some anyhow.

Survivalist Instincts Kicking In

I've found myself doing things to live more simply and more frugally over the past 7-8 months. Business has been down about 60% for me this year, which isn't devastating, thanks to Ame's salary, and thank goodness. Toss that together with an economy that had been slumping badly in my opinion for a couple of years (start with the rash of foreclosures a couple years ago), and it made sense to me to begin to look after some measures that would keep my family secure should it get worse.

Of course, it has gotten worse, but I'm not feeling pinched yet. There were some steps we took:

Pay off debts.

Last year, we knocked out a ton of debt, from old college loans, to all credit card debt, to paying off a car loan early. It wasn't sexy, but it's been fantastic not having those payments hanging over us. We don't use the credit card for anything but convenience or travel, and we haven't carried a balance since. 

Live more simply.

I've actually enjoyed much of this. I went to great lengths to plant a functional garden, raising it up off the surface, within cedar walls. It drains well and has excellent topsoil. It even has a section of sandy soil for the cucumbers. The yields were great, and best of all, the food is delicious. It has been a real pleasure to eat organic carrots and tomatoes. They just burst with flavors lost in the process of shipping food great distances to our tables. 

It wasn't big money saved in the garden up front, but just the process of making more soups and stews with lots of leftovers has meant more meals at home, which is a terrific savings. Plus, Isabel loves cooking with us, which is great fun.

I've looked for places to save money at every turn. Even business travel has been improved by crashing at friends' homes, with the obvious added bonus that I get to enjoy their company. When I do stay at motels, I stay within chains where I get points towards free stays. The Choice Hotels chain is great- reasonable rooms, plenty of promotions for points, easy redemption of free stays. 

Get out of the market.

With the inflation that has been going on, and with the foreclosures, I began sensing that having hard assets was going to be essential. Slowly, I moved the investments to gold. Wow, am I glad I did! I know this is regarded as kook stuff by so many in good times, but it's not so kooky now, is it? I urge my friends to do this now. Get out of the market. It isn't done sinking, because our government isn't done engaging in the problematic behavior that caused the problems in the first place. This bailout is going to mean a lot more inflation. Even if the price of gold doesn't go up any more (it will), the worst you will do is preserve your purchasing power as paper money buys less and less.

Still more to do.

I have been accumulating canned foods for emergency use, but I still don't have a full supply for a minimum three-month period, as I would like. Our house has storage issues, so this is a problem. I need to remove old junk to make the space. I would really love to get a freezer and perhaps even an extra fridge. I used to have the bonus fridge, and it was great, buying things that would keep in the fridge at low prices and storing them.

If we didn't have Ame's relatively recession-proof job (she delivers babies at Methodist Hospital), and we hadn't taken the steps to eliminate debt, I would probably be pretty worried right about now, with my own enterprise suffering. It's amazing to find out that you can still live pretty well even in trying circumstances, so long as the preparation is there. 

If you haven't altered the way you live towards preserving your family's security, I urge you to do it right away. Not like a Chicken Little thing here, but the news is getting worse, and I do expect some shortages in the near future. It will be temporary, no doubt. Hell- the Great Depression was temporary, if you catch my drift.

Governments And Prices

I've been blogging for five years about the relationship between taxes and the relative attractiveness of cities. Also, about how government officials don't get said relationship. I had the issues put clearly before me once again, but in a discussion about water policy, in a post title "BassAckWards":

Although I welcome this bit of news (higher prices!), both JN and I noticed the perverse order of things:

1. People use less water.

2. Prices rise.

As I have mentioned before, this order of events is terribly annoying to people. The reason it occurs so often in water is because most water utilities are run on a break-even basis, i.e.: if they sell less water, they have to raise prices to generate the same revenue.

Mainly, government officials never seem to understand the relationship between price and revenue. If the price goes up, consumption goes down. That's great for water consumption and for consumption of other natural resources, if conservation is your goal. It's disastrous in this example, because the city is trying to generate more revenue in response to lower usage. Their result is going to be even lower usage, hence, even lower revenues. (Still good for conservation, though.) If they wanted greater usage, they should lower the price. Well, government officials aren't to be confused with the sort of people who have a clue about economics.

Which brings me back to taxes. Cities that drive away businesses and people of means with their higher taxes tend to look at their falling tax revenues and conclude that to make up the shortfalls, they need to raise taxes. 

Well, duh! That's what drives people away! The revenues aren't going to rise. The population is going to fall. Just look at Cleveland, Detroit, and a host of other cities that have chased their tails, and their wealth away, by failing to understand the relationship between price and use.

As the man so named his post, most government officials are BassAckWards.

h/t Aguanomics

Short-Term Disaster

The Bush-McCain-Obama bailout isn't working in the here and now. The Dow is having its' worst week ever. That's a pity, because short-term success is the only success this train wreck could have achieved.  From CNN's early report:

Stock futures pointed to a dismal open Friday as markets around the world got hammered and General Electric reported quarterly results that were in line with Wall Street estimates.

and

US markets took a beating Thursday, with the Dow industrials plunging nearly 700 points to a five-year low, as panicked investors dumped stocks.

The unholy trinity of Bush, McCain, and Obama make Larry, Curly, and Moe look like Milton Friedman, Ludwig von Mises, and Adam Smith. Heavy reliance on government solutions isn't breeding confidence in Americans. It seems the people have begun to get wise. Allowing the investment giants to fail would have actually generated greater confidence.

Better be out of the stock market and into gold. Libertarians have taken a lot of ridicule over the years for our economic outlooks, but everything that is happening now was predicted- by libertarian and free market economic analysts and policy wonks. Government isn't working. Maybe it's time to give up on what doesn't work, and to embrace the policy recommended by those who predicted this mess. 

Where Will We Defend Freedom?

(Fishers, IN)- If either John McCain or Barack Obama came out tomorrow and said that he had a plan that would eliminate about half of the newspapers in this country, and furthermore tell you which ones you could read, would you get behind that plan, or would you fight it? Would you say that there was a free market for newspapers in such a scenario? Or freedom of the press?

The Cato Institute's Michael Cannon so describes the Obama health care plan:

"He would let the Federal government dictate the content and the price of every private insurance plan in the United States."

and

"Imagine Barack Obama as President propose that he was going to have the government dictate the content of every news program in the United States, and eliminate half of the existing programs and newspapers that are out there. Would
you call that a government-dominated system? You certainly wouldn't call it a free press. And that's largely what Barack Obama wants to do with health care."

So says Tanner in the October 7, 2008 Cato Daily Podcast.

There is no doubt in my mind that there is both wilfull ignorance and deceptive talk among the backers of 'health care for all'. They tend to bristle at the word 'socialism', or the phrase 'socialized health care'. Well, what else would it be, then?

Oh! I know! Another drain on our ailing economy.

Gas Prices & Chicago Taxes

(Valparaiso, IN)- It's been interesting to note gas prices over the past two weeks, as they've been dropping. One thing that remains is that there is a huge difference between what you pay in Chicago and anywhere else. Here's what I've observed, and what I've paid for regular unleaded in the past two weeks:

9/18, Chicago: $4.60/gallon

9/21, Fishers, IN: $3.69/gal

9/22, Rock Island, IL: $3.74/gal

9/23, Prairie du Chien, WI: $3.56/gal

9/24, Viborg, SD: $3.29/gal

9/25, Western Nebraska: $3.14/gal

9/26, St. Louis, MO: $3.39/gal

9/27, Fishers, IN: $3.53/gal

10/1, Fishers, IN: $3.39/gal

10/4, Fishers, IN: $3.24/gal

10/5, Lebanon, IN: $3.18/gal

10/6, Joliet, IL: $3.79/gal

10/7, Blue Island, IL: $3.78/gal

10/7, Valparaiso, IN: $3.39/gal

Chicago and the adjacent small towns & cities are consistently 60 cents a gallon higher. I make it a point NEVER to buy gas in the Chicago area. Fill up by Merrillville at the latest when going up I-65, as a rule.

Cost of living is certainly one difference to explain it. I imagine taxes are another. What I can't explain is why Chicagoans are good with it.

Update: Three more prices to report from last night:

10/8, Joliet, IL: $3.79

10/8, Gary, IN: $3.36

10/8, Lebanon, IN: $3.07

Really- Why do Chicagoland residents accept being gouged so? It isn't merely on gas prices, but on all prices. I bought in Gary on the drive back. I ran the tank down pretty low to get the heck out of Illinois. At 43 cents/gal difference, on a 12-gallon fill-up, I saved $5.16. Imagine how many times per day this decision is made, and how the Illinois economy suffers, and the Indiana economy benefits accordingly.

Wide Market For Politcal Satire

One market that isn't collapsing is the one for political satire. SNL, The Daily Show, and The Colbert Report are great, but you're missing out if you don't check out The Onion from time to time.


Obama Promises To Stop America's Shitty Jobs From Going Overseas

Bailout = Security, Huh?

So much for the transfer of wealth from earners to bad decision-makers ending up as some kind of immediate safeguard. It was supposed to make investors and markets here and around the world secure and stable, right? From an early AP report today:

Wall Street tumbled Monday, joining a selloff around the world, as fears grew
that the financial crisis will cascade through economies globally despite
bailout efforts by the U.S. and other governments. The credit market remained
under strain, and investors piled into government bonds. The Dow Jones
industrials skidded more than 200 points.

and

Over the weekend, governments across Europe rushed to prop up failing banks. The German government and financial industry agreed on a $68 billion bailout for commercial-property lender Hypo Real Estate Holding AG, while France's BNP Paribas agreed to acquire a 75 percent stake in Fortis's Belgium bank after a government rescue failed.

Would have been better just to let the bad actors fail. If you believe in the common good, you cannot accept that it was best to give bad actors a gigantic infusion of cash at the short-term and long-term expense of everybody. We are getting hit with tomorrow's taxes because of the bailout. We are getting hit with a weakened dollar because we will borrow to 'afford' the bailout. And our markets are not stabilizing. They are crashing. Way to go, geniuses.

Punish those who voted for the bailout. Vote against McBama. Vote against Andre Carson.

Stick With What You Know

Sometimes sportswriters try to get cute and prove they have some depth, so they trot out a story that reaches into politics or everyday life. Bob Ley and "Outside The Lines" are notable exceptions, in that they can pull it off. They have the depth, because they are in touch with people.

Bob Kravits showed that he is out of touch, and out of his depth, when he posed this question in Sunday's Indy Star column:

When Michael Vick was led toward a federal courthouse, weighted down by handcuffs, leg shackles and several charges involving the depraved sport of dogfighting, protesters and unaffiliated citizens stood on the sidewalk and hurled invective at the doomed NFL quarterback.

When Helio Castroneves was led toward a federal courthouse Friday in Miami, also weighted down by handcuffs, leg shackles and felony charges of tax evasion, curious onlookers and IndyCar fans around the country prayed that the charges were false, and that Castroneves would eventually be found guilty of nothing more than ignorance.

So where's the righteous rage this time?

Real simple, Bob-O. America found what Vick did to dogs heinous and loathsome. America similarly finds paying taxes heinous and loathsome. I know that even if Castroneves is guilty of tax evasion, I'm rooting for him, because I believe it's his money. I have no soft spot for a guy like Vick who bred dogs to fight and electrocuted dogs that didn't do it well enough.

Kravits tried to make it racial. Load of Crapola. Must not have been paying attention the last five or so years to Lou Dobbs, Sean Hannity, or any of the other modern Know Nothings, who have demonized anyone with darker skin and a Hispanic sounding name.

Time To Talk About The Federal Reserve

It's rare that circumstances make it such that Americans take an interest in monetary policy and the Federal Reserve. Usually, such talk is the kind of thing that gets 'tinfoil hat' comments. However, we are living under such circumstances, and people are beginning to see that printing money without backing by assets is dangerous business, and is the business of our Treasury.

Here's a link to a debate about the Fed that is already underway. A shame place for comments wasn't made available. I am at your service.

I find it instructive to look back on the Federal Government's recent actions against NorFed and the Liberty Dollar. Mainly, it shows a deep commitment to valueless paper money and to inflationary policy.

Idiots

The House has now joined the Senate in passing the stupid bailout, and President Bush signed it. A few days ago, I cheered the House. Today, they are back to being regarded as assholes. Here's the House vote:

Democrats: 172 yeas, 63 nays
Republicans: 91 yeas, 108 nays

So good that the Democrats can see so clearly eye-to-eye with the President they regard as stupid. Looks like Andre Carson was one of the turncoats that changed his vote to stand with the President. Well, they're in league now. Can't wait for the days of 'change' coming ahead.

These are the days you vote Libertarian. These are the days we need 'None of the Above' on the ballot.

Bob Barr To Visit NW Indiana

Of all times for me to be working in the home office and not up north! Bob Barr will stop in Valparaiso tomorrow. From the Libertarian Party of Indiana:

"We're very excited," noted Law Libertarians of Valparaiso University president Jonathan Morris. "We've been working hard to bring Bob Barr to this area since his nomination in May. More people need to be exposed to his common sense approach to government. We're pleased that our efforts are assisting with getting that message out."

Barr's on-campus remarks to students, faculty and the public will be followed by a Meet and Greet with the candidate at Pesto's Italian Restaurant in Valparaiso.

WHAT: Barr Address at Valparaiso University
SPONSOR: Law School Libertarians at Valparaiso University
TIME: 6:30 p.m. (CT)

Go see Barr if you have the chance. He will sound vastly different than McBama. Presidential, even.

It Had To End

That was a nice run of good news there- two in a row! With trends in this country being what they've been, I knew it had to end. The Senate, predictably, tweaked the bailout to make it a little worse than it already was, thereby making it more palatable to our Senators, including McBama. The House gets to take its' vote tomorrow. From CNN:

The legislation, if passed by the House, would usher in one of the most far-reaching interventions in the economy since the Great Depression.

Advocates say the plan is crucial to government efforts to attack a credit crisis that threatens the economy and would free up banks to lend more. Opponents say it rewards bad decisions by Wall Street, puts taxpayers at risk and fails to address the real economic problems facing Americans.

CNN got my opposition right, that's for sure. So, under the Bush Administration, yet another bureaucracy stands to be born:

the Senate version would set up two oversight committees. A Financial Stability
Board would include the Federal Reserve chairman, the Securities and Exchange
Commission chairman, the Federal Home Finance Agency director, the Housing and
Urban Development secretary and the Treasury secretary.

Financial Stability Board? What next? An 'Equalization of Outcomes Bureau'? A 'Forgiveness of Stupidity Department'?

I don't know about you, but for me, this doesn't inspire confidence. It terrifies. Glad I got out of the market when I did, and got into gold, silver, and oil. Best decisions ever. CNN covers some reactions by random Americans, none of them speak of confidence. Best advice there: Live within your means, and plan now for your future.