Wednesday, March 25, 2009
The Turning Point
Look for President Obama, who has only been in office for 60 days, to take credit for this recovery and somehow attribute it to the trillions of dollars that haven't even been spent yet. And look for the media to give him a pass on this.
My hope is that things improve rapidly enough that it will erode Obama's "disaster/crisis" mandate for the trillions in new spending proposals and allow voters to realize that none of what Obama is proposing is necessary or beneficial. It is tragic that the administration feels it necessary to burden us and future generations with massive amounts of new debt when we could have come out of this mess just the same without Washington spending even a dime.
The bad news: once banks start lending again and the expansion takes hold, we are going to have inflation, the likes of which haven't seen since the 70's.
Wednesday, March 18, 2009
364 More Days!
Monday, March 16, 2009
Saturday, March 14, 2009
John Stossel's Bailouts and Bull****
Friday, March 13, 2009
Savannah Morning News
T-Minus 4 Days
Tue Mar 17
Mostly Cloudy
Hi: 70
Lo: 49
10% chance of rain.
Accuweather.com
Tuesday, Mar 17
High: 71 °F RealFeel®: 70 °F
Partly sunny
Tuesday Night, Mar 17
Low: 50 °F RealFeel®: 47 °F
Partly cloudy
It looks like the luck of the Irish will prevail once again, but keep saying your prayers!
Thursday, March 12, 2009
T-Minus 5 Days
Tue Mar 17
Scattered T-Storms
Hi: 64
Lo: 42
AccuWeather.com
Tuesday, Mar 17
High: 66 °F RealFeel®: 64 °F
Mostly cloudy with rain possible
Tuesday Night, Mar 17
Low: 47 °F RealFeel®: 42 °F
Clear
Last Night's Forecast:
SVA Sing-A-Long was nice.
The beer at SVA was more expensive than Pinkie's
Schiv wore the green jacket.
Shane celebrated.
Sauers06 was there too.
Snuffy & JJH4 made their stage debut at KB's.
Wednesday, March 11, 2009
Ryan Adams and Mandy Moore Get Married
The Whopper Bar

The Whopper Bar: All Beef
To be clear, the Whopper Bar won’t actually be serving alcohol — but it will be serving plenty of beef. The Burger King venture will offer Whoppers, Double Whoppers, and Steakhouse XT burgers, along with new Bourbon Whoppers, Three-Cheese Steakhouse XT burgers, and Pepper Bacon Steakhouse XT burgers. Each will come with options for 22 different toppings. Among the choices: guacamole, smoked bacon, or steak sauce.
A “Contemporary” Edge
The first Whopper Bar opens today at the Universal CityWalk in Orlando. Its look is totally different from the typical BK, as seen in the photo above: The bar boasts an open kitchen, a bar-like countertop, and a whole new color scheme. Employees will also wear different uniforms, matching the red, black, and gray restaurant design. Burger King hopes the updated take will give its brand a new “contemporary” edge, representatives say.
Whopper Bar Plans
Burger King is planning six more Whopper Bars around the globe by the end of 2009, with the next set to open in Munich over the summer. Los Angeles, New York and Singapore will soon see locations as well. Eventually, the company says it could open as many as 500 of the units around the world in everywhere from stadiums to casinos and cruise ships.
*edit: I know the picture gets cut off. This formatting sucks.
T-Minus 6 Days
Tue Mar 17
T-Showers
Hi: 71
Lo: 49
40% chance of rain
AccuWeather.com
Tuesday, Mar 17
High: 62 °F RealFeel®: 58 °F
A morning shower in spots; otherwise, cloudy
Tuesday Night, Mar 17
Low: 43 °F RealFeel®: 36 °F
Partly cloudy and windy
Tuesday, March 10, 2009
ONE MORE WEEK!
T-Minus 7 Days
Very conflicting reports
Weather.com
Tue Mar 17
Hi: 68
Lo: 45
60% chance of showers
AccuWeather.com
Tuesday, Mar 17
High: 70 °F RealFeel®: 68 °F
Plenty of sunshine
Tuesday Night, Mar 17
Low: 36 °F RealFeel®: 33 °F
Clear and colder
To multiply wealth by dividing it?
~~~~~ Dr. Adrian Rogers, 1931
Monday, March 09, 2009
A Whole-Hearted Thank You From a Half-Irish Heart
My obsession with this holiday is partly overcompensation for the lack of Irish heritage on my father's side of the family. There are plenty of Flemings from the old sod, but my father's family most likely did not come from Ireland. I can, however, trace my mother's family back to my great, great grandfather, James Whalen, whose arrival in the States from County Wexford coincided with the Great Famine. My grandfather, William Whalen, was proud of his Irish heritage but he did not take part in the revelry of St. Patrick's Day. Therefore, my mother never had any Irish traditions to pass down to me.
It was because of my friends that I discovered the magic of St. Patrick's Day. Growing up with the Leonards, I was practically adopted into their family, much the same way Tom Hagen was taken in by the Corleones. I can remember going to the very first Irish Festival at Grayson Stadium with the Leonards. In addition, Stephen welcomed me to join the Flags of Ireland in the 6th grade. That was the first year I ever marched in the parade.
At BC, I became friends with Mike and Patrick, both of whom have Irish roots on both sides of the family tree. Mike invited me to join the Parade Committee with him in 2005. In 2002, Patrick invited me to my first Clan-na-Erin breakfast. Tom Coffey was the guest speaker, Joe Welch impersonated Father O'Brien, the bar was open and I was hooked.
Now, I am marrying into a family with a rich Irish tradition and I hope to pass this along to a future generation of Flemings. If I am lucky enough to have a son, I can't wait to see him march in the parade as a Benedictine Cadet and to bring him and a few of his friends to their first open bar St. Patrick's Day breakfast. I guess a daughter would be okay, too.
I look forward to celebrating St. Patrick's Day with all of you for many years to come.
T-Minus 8 Days
From AccuWeather.com
Tuesday, Mar 17
High: 72 °F RealFeel®: 71 °F
Times of clouds and sun
Tuesday Night, Mar 17
Low: 38 °F RealFeel®: 40 °F
Mostly cloudy
From Weather.com
Tue Mar 17
Showers
Hi: 68
Lo: 49
60% chane of rain
Sunday, March 08, 2009
T-Minus 9 Days
High: 72 °F RealFeel®: 70 °F
Warmer and humid with rain
Tuesday Night, Mar 17
Low: 50 °F RealFeel®: 54 °F
Periods of rain
It's time to bring out the rosary beads.
Things I Hate, Volume I: Places that Only Serve Pepsi Products
It happens every time you decide to hit up Taco Bell or Arby's. You're happy because you've been thinking about that Baja Chalupa all morning or you can't wait to devour a Chicken Bacon & Swiss combo. You place your order, pay the cashier, then, as you walk away from the register with your drink cup, you look to your left and it hits you: you should have just gotten water because this place only serves the worst kind of beverage possible: Pepsi products.And for whatever reason, fountain Pepsi products taste even worse than bottled ones. Combos at Taco Bell normally include those huge drink cups, which at first makes you think you're getting a good deal, until you realize you're only going to be sipping on 24 ounces of the pure carbonated nothingness that is Diet Pepsi.
Now before I begin a typical Ryan or Snuffy-style rant about some little uninteresting nit-picky pet peeve concerning food/entertainment that really has no impact on anyone's well being in the grand scheme of things, let me make clear that Diet Dr. Pepper is entirely exempt from this criticism. I'm not even really sure if Dr. Pepper is considered an actual Pepsi product or if it just happens to conveniently exist alongside the others, but it gets a pass here because it's damn good and made in Texas. This dawned on Chick-fil-A, a stalwart Coke partner and ally, when it added Diet Dr. Pepper to its lineup a few years ago.
Back to my original point, it is clear that Pepsi is symbolic of everything that is wrong with the world. It is the Sega Genesis of soft drinks. Not only is it Yankee, but it's always trying to desperately one-up and out-advertise Coke by mocking Coke's conservatism. It is forced to rely on "extreme" and "hip" marketing tactics to compensate for and cover up what is obviously a far inferior product. It pitches itself as "New Age" and the "New Generation's" drink of choice. Most recently it has even tried to cash in on Obamamania with these new "Hope" billboards. Thatta way to further alienate clear-thinking Americans like me. Good job.
And Pepsi's contamination of society is more widespread than you think. Not only does it infect otherwise respectable establishments like Sbarro, KFC, and Pizza Hut, but typically any restaurant west of the Mississippi or north of Virginia will only serve Pepsi. Next time you're in Vegas or anywhere else out West you will always get the "We don't have Coke, Pepsi's okay right?" question from the server. It's just as bad, if not worse, than discovering the absence of sweet tea anywhere south of Jacksonville. Water obviously ends up being the only real choice in these circumstances.Finally, back to the Obama thing, it's clear Pepsi's deficiencies parallel the new administration's. It demonstrates how just because something is new does not make it good or right. Flashy advertising, glitzy marketing tools, savvy product placement, and polished delivery techniques do not make what you're ultimately trying to shove down our throats (socialism) taste any better.
Saturday, March 07, 2009
T-Minus 10 Days
High: 67 °F RealFeel®: 66 °F
Mostly sunny
Tuesday Night, Mar 17
Low: 46 °F RealFeel®: 45 °F
Partly cloudy with a couple of showers; warmer late
YAY!
Friday, March 06, 2009
T-Minus 11 Days
High: 67 °F RealFeel®: 62 °F
A couple of morning showers; otherwise, mostly cloudy
Tuesday Night, Mar 17
Low: 38 °F RealFeel®: 31 °F
Rain
Oh shit.
Thursday, March 05, 2009
Happy Birthday to Me
T-Minus 12 Days
High: 61 °F RealFeel®: 62 °F
Sunny
Tuesday Night, Mar 17
Low: 43 °F RealFeel®: 41 °F
Partly cloudy
Wednesday, March 04, 2009
T-Minus 13 Days
High: 70 °F RealFeel®: 71 °F
Times of clouds and sun
Tuesday Night, Mar 17
Low: 47 °F RealFeel®: 46 °F
Partly cloudy
This makes me feel much better.
Tuesday, March 03, 2009
Your First Official St. Patrick's Day Forecast
Tuesday, Mar 17
High: 61 °F RealFeel®: 52 °F
Partly sunny
Tuesday Night, Mar 17
Low: 34 °F RealFeel®: 24 °F
Clear and cold
This makes me a little nervous.
Tuesday, February 24, 2009
Monday, February 23, 2009
Response to Santelli

According to creepy-looking Chuck Todd of NBC, this was the Administrations response to Rick Santelli (the video Patrick posted below):
"The stuff that I've heard from the White House and people that have talked to me about this, you know, they -- I think they're kind of laughing that they're getting lectured by a trader, in their minds on the Chicago Mercantile Exchange. And it's like, you know, this is -- you know, they're sitting there going, it's like -- to take the real criticism where this was coming from, the idea that, hey, are -- are you helping out people that, you know, should be punished, the fact is, they say, look, we are helping out people that should be punished, and we wish we could punish, but that isn't our role. Our role is to try to create stability in the economy and in the housing market."
What? What does any of that mean? Who do they wish could be punished?
O'Brien's Our Man
Friday, February 20, 2009
Thursday, February 19, 2009
Rick Santelli: Silent Majority Spokesman
Not sure how much longer this guy will last at NBC if he keeps talking like this.
Wednesday, February 18, 2009
Irish Sing-Along Trivia 2-19-09
Who threw the overalls in Mrs. Murphy's chowder?
Vox Gems: 2/18/2009
"Every time the gas stations raise the price of gasoline they are putting a nail in the coffin of the economy. They should be prosecuted for treason."
Top 5 Inconveniences on St. Patrick's Day
By decent I mean not having to wait more than 20 minutes to enter a porta-potty that has a nearly full waste container with a giant turd sitting on the top covered in what appears to be bird seed. And not trying to sneak a leak in the thin bushes in the square, because you know someone is going to expose you for laughs.
You have to seek out the one person in the group who is the inside toilet man. This guy has confidential intelligence on the one porta-potty or corner dumpster that the other 399,999 revelers downtown somehow missed. When you get back to your drinking spot, and someone asks you where the best place to pee is, you shrug and say, "Anywhere."
-People stealing beer from your cooler.
You were smart. You went to Kroger the night before and bought a case or more of beer that tastes less than it costs. Bought the bag of ice, and most importantly, found a way to get the cooler to the square. That means either you lugged the bastard there or some poor soul who is too nice agreed to bring it for you.
Then your friends' creepy other friends just start reaching into whatever cooler, just because, "Hey, bra, whatever. It's Saint Patty's Day." No asking, no thanking. Just a lowlife vagabond skating through life mooching off intelligent, prepared individuals.
-Females.
We like the better looking gender hanging around, fixing the sausage ratio. They look pretty in green and sunglasses. But they have trouble adjusting to the conditions and checking their high maintenance at the door. Where we deem it acceptable to urinate, they feel like they can stake out some magical, cleaner piss pot. When we're hitting our third wind at 5:00 p.m., they start pouting like they lost the Sunday school Easter egg hunt. Guys who now live all scattered around in Georgia get one guaranteed day to hang out like the good ol' days, and Jessica wants to go home at 3:00 because "her head hurts."
-Acquaintances
Don't get me wrong - one of the best parts about March Seventeenth is seeing all those wandering souls from your past who look fatter, older, and definitely weirder than they used to look. But God knows you can't remember the names of some of these sons of bitches. "Hmm. Your face is definitely similar to one I recall when I was a senior, and you were perhaps a sophomore. We may have even had a ten minute conversation in 2001 about something." He remembers your name as if it were written on your forehead. Just try your best to flash that little smile of recognition, say something crude that gets a pity chuckle, shake hands, take a drink, and mosey away.
Equally uncomfortable is the complete opposite situation. The acquaintance who is really good friends with one of your friends. You've met on several occasions, know exactly who he is and what his job is, but the guy will cheerfully introduce himself every year. Seems like a nice guy.
-Visitors
It's a given that we all despise out-of-towners like the good little isolationists we are. They crowd our streets and bring in an odor of douche so strong it cuts through the parade horse poop. However, this element of the crowd is consistent and predictable, and so I don't consider them to be a top inconvenience. I believe the last spot is more appropriate for the out-of-towners we actually know and unleash unto the festivities. Even more specifically, the ones who have never been to Savannah.
They ask you about the best bars to go to, the best square from which to observe the parade, so on and so on. Always full of questions, these people. Now you have to play host, desperately trying to slice up your time between these visitors (usually people you already see too much of anyway) and the Savannah folks. Their typical impatience forces you to realize that maybe not everyone is that interested in standing around for ten hours outside of a circle of guys who tell obnoxious inside jokes and pretend like your visitors aren't even there. To hell with these people. Hire a tour guide next time.
Tuesday, February 17, 2009
New Deal


You won't even have to eat lunch.
Monday, February 16, 2009
Top 5 Potential Guest Speakers at the Irish Hurricanes Breakfast
2. Bill Curley - Not the former Boston College basketball star. I cannot substantiate that point any further.
3. Conan O'Brian - I actually sent an email to Late Night a few years ago, inquiring about Conan's availabilty to speak at a future breakfast. I never got a response.
4. Matt Ryan - Irish, Catholic and now a Georgia resident. Why not? Plus, he would be with guys his own age.
5. Kenny Powers...
Friday, February 13, 2009
"Top Five Personalities you will see on St. Patrick's Day"
2. Kevin Hagan- 250 lbs of pure smiles and sweat bearing down Abercorn. Sure, it's a comfortable 65 degrees at 11:23 a.m. on March 17th, but Kevin will make you think it's 105. All the girls love him, all the guys admire him.
3. Jimmy Ray- "I'm not a bad ass, but I can be." The nicest and funniest guy you'll ever meet. Never been married, rules the KofC. Anyone who knows anything befriends this giant of a man. Sits on the visitor's side of BC football games alone, just so he can watch the game in peace. For the past decade or so, Jimmy has been commentating with the local news stations during the parade. You'll hear comments like... "That's my cousin walking bye!" And my favorite, "That was one helluva-ball-playa-fo-Benedicten." After the parade, you'll see Jimmy at the KofC bar, cracking jokes about the Marine Corps. At two o'clock the same night, you'll see him with two ladies on his arms... wearing a tuxedo.
4. T.P.- Thomas Powers, Pat's Uncle. A jack of all tricks. The red laser light pen, the $5 on a string (An increase from $1 because of inflation.), fake teeth and googly eyes. The entire Clan Na Erin breakfast ridicules the happiest man in America each St. Patrick's Day morning. Why? Because they're jealous.
5. Rick Schwartz- Drunk as hell, working the route with the Parade Committee with his white coat, green pants, and a gigantic cup full of Makers and Coke. No one can out drink him this day. He tends to attract Marines into a brawl at McDonough's around midnight of St. Patrick's Day.
Top 5 types of ladies you see on St. Patrick's Day
2. The Rookie- These are usually attending their 1st parade, and will act like it. It's a marathon girls, not a sprint. They will not make it late into the night unless they get a chance to pass out for a while.
3. The Cougar- I use the term loosely, as they aren't necessarily single or looking for action. These are the more mature ladies that have usually applied lipstick to their face with a paint roller and are looking to kiss any man in the parade that can still hold himself up. Have been known to reek of Mad Dog 20/20.
4. The Flasher- You'll see these creep up to Bay Street to catch a glimpse of the parade before returning to their element on the river. They are more than willing to bare it all, usually at their boyfriends encouragement. It's all fun and games until they're yanked down by the SPD and get to make that call to their parents.
5. The Token- These usually don't want to be around a mass of people in the first place, and are forced to follow their boyfriend and his friends around all day and watch them get hammered, while all they can think about is getting home to their cat(s).
Top 5 St. Patrick's Day Smells
4. Funnel Cakes
3. Corned beef hash
2. Flat beer
1. That smell that occurs when you sip your cheap liquor and the smell of scrambled eggs wafts into your nostrils causing that quarter-stomach-turn.
Top 5 Items Bought From Street Vendors
1. Silly String
2. Fake/Candy Cigarettes
3. Stink Bombs
4. Poppers
5. "Invisible Dog" leash
Top 5 St. Patrick's Day Knick-Knacks
4. Green and white Dr. Seuss-type hat.
3. "Patrick was a saint, I ain't" t-shirt.
2. Three-feet tall inflatable hammer.
1. Green beaded necklace with prominent Cannabis leaf.
Top 5 St. Patrick's Day Sounds
2. Kazoos
3. Police sire chirps
4. Snare drums
5. Dinosaur calls
Wednesday, February 11, 2009
Top 5 St. Patrick's Day Traditions
2. Open-bar breakfasts.
3. Chipewa Square after the parade.
4. BC boys getting kisses.
5. Green grits.
Top 5 Things To Do on St. Patrick's Day If You're Not Irish or Catholic
St. Patrick's Day Top 5's
Slainte,
Snuffy
Tuesday, February 10, 2009
Sunday, February 08, 2009
The Assault on Saving, II of II
I left off yesterday arguing that consumer spending is the result of economic prosperity instead of the cause. The misunderstandings surrounding this issue are like most in economics: people are short-sighted and only tend focus on what is seen in the immediate sense, not on what is unseen. This is why it's not immediately apparent how savings are what fuel greater economic prosperity that later allows for more spending and higher living standards.To illustrate, let us consider the story of two friends: one is named Hank, the other Snuffy. Snuffy and Hank must both be blessed by the luck of the Irish because an anonymous wealthy benefactor at Blessed Sacrament School has passed away and left both with an annuity of $100,000 in dedication for their lifelong service and support of that renowned institution.
Snuffy is a lavish spender with the new income. And he spends not only based on desire, but on principle. He is a firm believer in the theory that every penny must be spent or else goods will accumulate and people will be out of work. So he goes all out in redecorating his home, and buys a few luxury sports cars and a yacht. He dines at the finest restaurants, drinks top-shelf liquor at elite establishments, and goes on numerous vacations at exotic locales. He buys the finest diamonds and jewelry for his girlfriend. He tips very handsomely and keeps a large staff of chauffeurs and servants.
In this way, Snuffy feels he is not only serving his own immediate wants and desires, but is helping others through his generous spending. And it certainly appears this way, because Snuffy is extremely popular with the Lexus car dealers, the bartenders at the Mansion, the bellhops at the Westin, the strippers at Temptations, the wait staff at Ruth's Chris and the Yacht Club, and the entourage he keeps. Everyone around Snuffy see him as a public benefactor for his liberal indulgences. His extravagance keeps these people fat, happy, and employed because he pays for their services; that is what is seen.
Hank, on the other hand, is an entirely different story. His spending habits are quite austere. Unlike Snuffy, Hank decides to only spend half ($50,000) the income each year. Sure, Hank splurges on the occasional Outback steak or Captain's Platter at Hilliard's, but for the most part his spending habits remain the same as before the bequest. He lives a much more modest lifestyle and is rarely seen making it rain at the jewelers, the nightclubs, and the strip clubs. He still eats bologne sandwiches, sneaks peanuts and Sam's cola into the movie theatres, and brings flasks into bars. For this reason, many view Hank as overly stern and stingy. With Snuffy being the city's Santa, Hank is seen as its Scrooge. By withholding potential spending dollars, he deprives retail and services sector additional income or employment; that is what is seen.
But what of the $50,000 Hank chooses not to spend? Where does it go? Does he just stuff it under his mattress or allow it to pile up in his closet? What happens to it? This is the part of the equation this is not seen. Hank decides to take his cash and deposit it into a savings account at First Chatham Bank. And when Hank does this, the Bank uses that money to loan to businesses. The businesses can employ Hank's savings in a variety of ways: maybe as short-term working capital, maybe to expand production, maybe to invest in new and better equipment, maybe to hire additional workers.
In this way, saving is really just another form of spending. The chief difference is the spending Snuffy engages in can be easily seen with the naked eye, while the result of Hank's investing is harder to grasp because it goes unseen. When people like Hank save, it increases the supply of money capital in the economy, which lowers real interest rates. And when interest rates are lowered, it allows for the production and purchase of capital goods like new houses, factories, office buildings, equipment, and high-tech tools. Businesses are more willing and able to invest because loan payments are cheaper than before. More projects can now be undertaken because interest payments no longer exceed the potential and projected revenues from such projects.
20 years pass. The trust fund becomes exhausted. Snuffy, having spent every dime, is now broke. His former colleagues now think of him as a fool, and he begs his friend Hank for money, who is meanwhile rolling in dough from the interest income he now receives from his investments. And not only has his fiscal prudence secured his own personal financial well-being, but his savings have provided and will continue to provide better, high-paying, and more productive jobs.
In this way, Hank has done far more good for the economy through saving than Snuffy did with his spending. When a company invests in new equipment or better machines, it helps raise living standards by lowering the costs of production. There are two ways in which this happens: (1) workers are provided with higher wages, because they are now able to produce more per hour and thus create more value for their employer, and (2) it allows the business to reduce the price per unit, which translates into more money into consumer's pockets. So not only is Hank's personal income and wealth greater than Snuffy's, but he has added to the economy's productive capacity while Snuffy has not.
This is why a nation's wealth and prosperity depends not on the public's willingness to spend money on consumer goods, but on the amount of accumulated capital the public has at its disposal in its production of such goods. This is why it makes little sense for our government to continue coercing consumers to engage in spendthrift behavior (just so we can get nice, big, fat GDP figures!) instead of allowing the market to adjust and the economy to recapitalize itself. By continuing to inflate the currency and holding down nominal interest rates (now at a ridiculous 0%), people have little, if any, incentive to save their money. Washington is doing everything in its power right now to turn us into a nation of Snuffys, but the road to prosperity lies in having more Hanks.
The Assault on Saving, I of II
Nowhere else in the free world are the rhetorical obscenities necessary to justify radical economic fallacy so flagrantly on display right now as in our nation's capital. Nowhere else but in a political setting can good so easily be viewed as evil, can vice be so suddenly transformed into virtue; can common sense so quickly be chastised as ignorance.I am talking of course, of the political establishment's all-out war against thrift in the current economic mess. In the stimulus debate going on right now, there is deep disdain for giving out tax refunds because, God forbid, the people might actually just "save" some of it. And that's bad news! We can't have that! We can't allow selfish private citizens to think only of themselves instead of the common good during these rough times! We can't have miserly taxpayers hoarding dollars into their bank accounts! This is proof, the president said last month, that only government can truly look out for the common good and get money circulating again to create jobs! Right?
So, the politicians and so-called "economists" who say and publish whatever is necessary to win their favor reason that the "wise" course would be to "get the biggest bang for the buck" by spending the money on government make-work projects, food stamps, and unemployment benefits. This, they claim, will have a so-called "multiplier effect" because it will force dollars to "circulate" out in the economy in and endless process that will create an infinite number of jobs! Yay! The public workers will most certainly get some cash, and then they'll turn around and spend it at the grocery store, so that the grocery store's employees can get cash and spend it on new DVD players, so that the DVD manufacturers will get paid and spend it on new cars, so that the automakers can go out and purchase new houses! And the boom never ends! Thanks to government spending, we'll just have a never-ending, "trickle-up" spiral of prosperity! Anyone who's watched CNN, CBS, NBC, MSNBC, ABC, or read any major newspaper has been subjected to this drivel on a daily basis.
Nevermind that it's equally imaginable how the public worker, like the refund recipient, could also decide to save a portion of his income. Maybe he won't go out and buy that flat-screen. Maybe he'll just sock it away like all the other stingy taxpayers would have. I guess in the minds of the business journalists and exhalted economists, the public worker is somehow "different." He's just going to be inherently generous with his paycheck for some reason, it's presumed. How or why, I'm not sure. Like the several other "crises" we've experienced these last 6 months, we just have to take them at their word, I guess. And we know how that usually turns out.
But this is all beside the point. The theory that we can somehow spend our way into prosperity not only seems just a little too good to be true, but it contradicts and violates everything common sense has told us for thousands of years. Since time immemorial, the virtues of saving over spending have been preached. Since ancient times, in every successful religion, culture, and tradition, thrift and industry have been exalted while prodigality and waste have been chastised. Since grade school, our parents have always lectured us to keep whatever and whenever we can, and to spend less than what we have. Only in Washington, D.C. are such established truths and proverbs perverted to serve the ends of the political class and their addiction to spending other people's money.
So, as I'll demonstrate in tomorrow's post, politicians and media pundits are putting the cart in front of the horse when they say things like "consumer spending drives the economy," because saving is not the enemy of economic growth but is in fact its very source. Stay tuned as we will see how a simple short story can illustrate this truism and thoroughly dismantle Keynes' alleged "paradox."
Saturday, February 07, 2009
The Show About Nothing

Thursday, February 05, 2009
The 2nd Annual Gael Force Run

Delirium of the Brave - The Movie
No, a production of the quintessential Savannah Catholic novel is not in the works...but what if it was?Your job is to help cast the movie. I will list the major characters with a brief description. In the comments section, list which current Hollywood star you think should fill each role. I am assuming you have all read the book. If you have not, you will be suspended from posting until you have completed the assignment.
John-Morgan Hartman
The novel's protagonist. A young man who leads by example. Brigade Commander of the Benedictine Corps of Cadets.
Ann Marie Kerry
John-Morgan's sweetheart and an SVA girl. Beautiful and would make a good wife.
Charlotte Drayton
John-Morgan's summer fling. A Country Day girl from a wealthy family. A fast girl.
Tony O'Boyle, Jr.
The novel's antagonist. Aggressive and power-hungry. Knows what he wants and will step over anyone to get it. Start QB for the Cadets.
Bubba Silverman
One of John-Morgan's life-long friends. Happy-go-lucky. Jewish.
Mike Sullivan
Another of John-Morgan's best friends. Big and rowdy. Enough personality to fill the room.
Lloyd Bryan
First black student to attend BC. Incredible athlete. Devout Catholic. Becomes friends with John-Morgan, Bubba and Mike.
John Hartman
John-Morgan's father. A level-headed newspaper columnist.
Tony O'Boyle, Sr.
Young Tony's father. Taught young Tony everything he knows. A social-climbing politician.
Al O'Boyle
Big Tony's brother. The Victory Drive Slasher. Semi-retarded. Big and burly. Does not know his own strength.
Saturday, January 31, 2009
Best BC Teachers
I felt it was long past time to name the best teachers on Seawright Drive. I could substantiate these rankings by listing academic reasons why each teacher deserves to be on here, but that would just sound really gay. Plus, different teachers are good for different reasons (Tvrdy, for example, makes this list for entirely different reasons than, say, Curley does).
1. Coach Yeckley
2. Mr. Graham
3. Fr. Jeff
4. Coach Curley
5. Mr. Tvrdy
Honorable mentions: LTC Owens, Coach Orsini.
What's your list? And please no negative stuff. While I'd like to think nobody reads what we say on here, history has shown that's not always the case.
Friday, January 30, 2009
Happy Birthday Phil

Wednesday, January 28, 2009
It's Official
The Stimulus Package Ruse
Here is what my George Mason University colleague Professor Richard Wagner wrote, which was published by Office of the House Republican Leader: "Any so-called stimulus program is a ruse. The government can increase its spending only by reducing private spending equivalently. Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money." A short translation of Wagner's comment is: There is no Santa Claus or Tooth Fairy. Let's examine the ruse.
Suppose the value of all that we will produce in 2009, our gross domestic product (GDP), totals $14 trillion. There cannot be any disagreement that if Congress spends $4 trillion, of necessity there is only $10 trillion left over for us to spend privately. In other words, if Congress is going to spend $4 trillion, it must find a way to get us to spend $4 trillion less. The most open and aboveboard method to force us to spend less privately is to tax us to the tune of $4 trillion.
You might say, "Congress doesn't have to tax us $4 trillion. They could tax us $3 trillion and run a $1 trillion budget deficit." You have that wrong. There is no way for Congress to spend $4 trillion out of our 2009 $14 trillion GDP by getting us to spend only $3 trillion less privately. It has to be $4 trillion less. Another method to force us to spend less privately is to print money and inflate the currency. Rising prices reduce our ability to spend privately since each dollar we hold will not buy as much. Another way is for Congress to borrow, thereby reducing our ability to spend privately. By the way, all of this means that in any real economic sense the federal budget is always balanced. That is, if Congress spends $4 trillion we must privately spend $4 trillion less whether it is accomplished through taxation, inflation or borrowing.
The stimulus package being discussed is politically smart but economically stupid. It's that bedeviling, omnipresent Santa Claus and Tooth Fairy problem again. Let's say that Congress taxes you $500 to put toward creating construction jobs building our infrastructure. The beneficiaries will be quite visible, namely men employed building a road. The victims of Congress are invisible and are only revealed by asking what you would have done with the $500 if it were not taxed away from you. Whatever you would have spent it on would have contributed to someone's employment. That person is invisible. Politicians love it when the victims of their policies are invisible and the beneficiaries visible. Why? Because the beneficiaries know for whom to vote and the victims do not know who is to blame for their plight.
In stimulus package language, if Congress taxes to hand out money, one person is stimulated at the expense of another, who pays the tax, who is unstimulated. A visual representation of the stimulus package is: Imagine you see a person at work taking buckets of water from the deep end of a swimming pool and dumping them into the shallow end in an attempt to make it deeper. You would deem him stupid. That scenario is equivalent to what Congress and the new president proposes for the economy. A far more important measure that Congress can take toward a healthy economy is to ensure that the 2003 tax cuts don't expire in 2010 as scheduled. If not, there are 15 separate taxes scheduled to rise in 2010, costing Americans $200 billion a year in increased taxes. In the face of a recession, we don't need that.
(Remember, government spending needs to be reduced in proportion with tax cuts... increased government spending is only a tax increase for future periods whether it be in the form of increased income tax rates, borrowing, or printing money.etc)
Monday, January 26, 2009
Snuffy's Food For Thought
Sunday, January 25, 2009
Friday, January 23, 2009
Thursday, January 22, 2009
Logistics Question
Wednesday, January 21, 2009
Against the Stimulus in 45 Seconds
Also, I understood Mr. Obama to say that under his leadership, we will enter a new "Era of Responsibility." Can someone explain to me how spending over a $1 trillion we don't even have is "responsible"? I really need some of his supporters to help me out with this because I'm deeply confused.
Lie to Me
Tuesday, January 20, 2009
Monday, January 19, 2009
In Requiem: The Bush Presidency

I first heard of this man at the age of 16 during my junior year of high school. I knew I was conservative by that point, and I knew I certainly hated Bill Clinton and just about everything he stood for. His ambivalence; his double-speak; his slick but sleazy delivery; his gutless, triangulating, finger-in-the-air, let's-take-a-poll and-please-as-many-people-as-possible-without-really-doing-anything response to just about every major problem facing the country at home and abroad really aggravated me (does anyone remember those days now?).
America, it seemed, was long overdue for decisive action, for moral clarity, for strong leadership. It had been 12 long years since Ronald Wilson Reagan's conservatism had departed from Washington and many saw W. as his reincarnation. The Right salivated over this prospect at the dawn of a new millennium, with endless opportunities and a Republican Congress to boot. I was one of those people, 100%.
I also loved Governor Bush simply because his style was so unlike Clinton's. His conviction, his swagger, his cockiness, his simplicity, his don't-really-give-a-damn, shoot-from-the-hip, cut-taxes-and-everything-will-take-care-of-itself, even-though-I-constantly-stumble-over-words-I'm-still-right-and-better-than-you style of rhetoric really won me over because it reminded me of someone who graduated from BC (or maybe, subconsciously, my father). Clinton could eloquently prattle for hours on end without missing a beat, yet no one in his audience could grasp what he really meant or what his positions really were. By contrast, Bush could stumble over a few short, choppy sentences yet you still understood exactly where he was coming from every time. This resonated with a lot of folks, and while he didn't win the popular vote in 2000, it's the reason he did as well as he did at a time when Democrats were presiding over a surging Dow Jones and the longest peacetime expansion in history.
It soon became apparent, however, that aside from issues of style and the initial tax cuts he gets passed, Dubya wasn't like Reagan at all. It's kind of like when you first get to Georgia and notice how all the fraternity guys wear boat shoes, polo shirts, and khacki pants. "Wow, these guys look and dress normal like they could have gone to BC. I bet they're cool." But then, for various reasons, you soon realize these guys have very little, if anything, in common with you, and that they give people that do dress normal a really bad name.
In his first term alone, W. more than doubles federal funding for education, pledges trillions into new welfare and healthcare entitlements, pours billions more into foreign aid programs, oversees a dramatic expansion in farm subsidies and corporate handouts, and clings to a self-professed philosophy that "when somebody hurts, government has got to move." It is true that in foreign affairs, he deserves lots of credit for demonstrating ballsy resolve in the weeks and months following 9/11, something Al Gore probably wouldn't have shown. But that ballsyness goes too far in pursuing what now looks to be a war of choice in Iraq and years of nation-building and an over-extended military, things Bush railed against during the 2000 campaign.
By 2004 many of us were agitated, but were told to grin and bear it because the alternative was far worse and that these compromises were necessary to win a second term that would truly enable the administration to carry out its "real" goals: downsizing the federal government, implementing a flat tax, slashing spending, and privitizing Social Security. The first part of this was true: John Kerry's stances were far worse. But the second part never even came close to materializing. Instead, all we got was more of the same.
I don't think Bush deserves a whole lot of blame for this country's bellicosity in the wake of that fateful September day during his first year. We all felt something had to be done after nearly a decade of fruitless half-measures. The days of bombing an aspirin factory or lobbing a cruise missile into some tiny tent in the middle of the desert were over, and action had to be taken. We were undoubtedly right to go into Afghanistan I still think we made the right decision invading Iraq and removing Saddam Hussein given the intelligence reports and what we thought was true (the presence of WMD) at the time. Knowing what we know now, would it make sense? Of course not. Trillions of dollars and thousands of American lives needn't be lost just so we can go around the world "spreading democracy" in places filled with irrational and ungrateful fanatics that will never get their act together.
Where Bush deserves tons of blame is on the domestic stuff, and what should have been achieved. Not since the 1920's has so much opportunity been wasted by a Republican president. Other than the supply-side tax cuts, which do deserve some credit for igniting a robust expansion between 2002-2007, he did not advance any semblance of a true conservative agenda on economic issues at a time when his own party controlled both houses of Congress. He was not able to effectively communicate a coherent message on what should have been key policy initiatives. He sat back and allowed the opposition and liberals in the media to dominate the discussion. He rarely exercised any form of restraint when spending other people's money, and never showed any skepticism toward government power. Alongside his colleagues in Congress, he instead abandoned much of what Republicans used to stand for.
How will history judge this man? I have no idea. More generously than right now? Probably. Almost certainly. But he's still the main reason why the party brand is in tatters and will remain that way for some time. Because of him, an entire generation of voters will predominately vote Democrat for decades to come. Because of him, many see the GOP as the party of big government, authoritarian federal mandates, corporate welfare, bailouts, foreign adventurism, and nanny-state socialism.
It's true that others will continue to see Bush and Republicans as evil "free-market," "far right," "trickle-down" ideologues. They blame capitalism, greed, and oil companies for our current troubles and see higher taxes and more labor unions as the way out (yay! let's create more GM's!). But these people have always been around, have always been wrong, and can never be reasoned with. They are the sorry folks that voted for Mondale in '84. They are the ignorant, partisan, Paul Krugman lackeys who remain firmly convinced that FDR somehow "got us out" of the Great Depression and that only through more bureaucracy, higher tax rates, and another trillion-dollar New Deal can the economy recover and can America become a "great" country again, and by "great" they mean more like France. Unfortunately, while a minority voice, their viewpoints constitute the false history now being written in the pages of Time, Newsweek, and even The Economist. They declare Bush's presidency the final demonstration that "small government" is bad and that the "free market" is dangerous and has miserably failed. Yet government has nearly doubled in size since Bush's arrival and our economy is in many areas substantially less free.
The bad news (or good news, if you're pulling for the Republicans), is that much of Obama's agenda promises even more of the same mistakes that Bush made on even a larger scale. Trillions in new spending. More entitlements. Additional bailouts. Maybe this will open voters' eyes a bit and help them realize that Democrats are just as bad, if not worse, and that we can't spend our way out of problems by creating make work projects or mailing out checks from the treasury. However, unlike Bush, Obama will have the media on his side and will always be seen as a compassionate figure with the best of intentions.
Has George W. Bush been the worst leader this country has ever seen? No, we've had far worse. But his 8 years illustrate the failures of a governing strategy that must never be repeated. With W. gone, we can hopefully redraw that line in the sand proclaiming Democrats and only Democrats to be the party of big government.
Sunday, January 18, 2009
New Merchandise

And, if you're really old school, the same sticker is available in Cherry Red, which was BC's original color during the height of the rivalry in the 30s and 40s:
Saturday, January 17, 2009
Two More Months!
Friday, January 16, 2009
Dear Mr. Stastny
Mr. Stastny,
I noticed an inconsistency in the the basketball stats column this morning. Cody Padgett of Calvary is listed as the area's leading scorer with 371 points in 16 games for an average of 24.7 ppg. If those numbers are correct, his real ppg average should be 23.2, but that is besides the point (no pun intended). The second leading scorer is Jibri Bryan of Benedictine with 293 points in 11 games for an average of 26.6 ppg.
As I looked at the other statistical categories, I noticed that every other category was ranked by average per game, not by the raw total. So, why is Cody Padgett listed ahead of Jibri Bryan, when Bryan is averaging 3.4 ppg more than Padgett?
I will not hide the fact that I am a BC alumn and an avid fan of the Cadets. Adam VanBrimmer and I exchanged a few emails not too long ago after his column about Calvary gaining ground on the public schools. Calvary failed to live up to the hype by losing to Windsor Forest, again, by 17 points. Then, this morning, I noticed the discrepency in the stats and Rich McGowan's column about the "Calvary Crazies."
I am not sure why the Savannah Morning News has this love affair with a 9-7 Calvary team, when there are several more deserving teams in this area, including the Benedictine Cadets.
Snuffy P. Smith
This shit is getting ridiculous.
Wednesday, January 14, 2009
Fleet Foxes
Tuesday, January 13, 2009
Gran Torino

El Pollo Loco
Friday, January 09, 2009
T E B O W
Wednesday, January 07, 2009
National Championship Prediction

"He could be one of the best to come out of Savannah."
Other than Hank and some of the boys over at OIA, most of you probably don't remember Mede Lewis. The title of this post is the truth. However, the key phrase is could be. He certainly had the talent, much like Murdock Ferguson did on the hardwood, but he could not live above his environment. It's a shame how much talent is wasted in this city.
Sunday, January 04, 2009
My Favorite TV Show of 2008

Thursday, January 01, 2009
2008 MOTY Winner: Jack Holland

A special congrats to a dear friend, cousin, and sportscaster: John Joseph Holland IV has officially won our annual Man of the Year contest. After a total of 60 votes cast, Jack coasted to victory with a comfortable margin last night, garnering 56% of the vote over Jason's 44%. I've had the pleasure of knowing Jack since the age of 2 and I can tell you he is one of the humblest people you'll meet. So he'll act like he doesn't know what you're talking about when you go to congratulate him on this most prestigious of accomplishments. Kind of like Reardon. Anyway, thanks to all who participated and congratulations Jack.











