My How America Has Changed - Now PC Is In Favor

Today was the date of Henry Stanley’s finding Dr. Livingston 138 years ago. Here follows an excerpt from “The Autobiography of Henry Stanley" upon his arrival in New Orleans in 1859.

“The view of the sky was as freely mine as another’s. These American rights did not depend on depth of pocket, or stature of a man…I possessed privileges of free speech, free opinions, immunity from insult, oppression, and the contempt of class; and that, throughout America, my treatment from men would solely depend upon my individual character, without regard of family or pedigree."

My Current Occupational Therapy

Besides my observations on the economy...

I have finally got the Jeep motor to a state where it is looking like a motor again.

I really enjoy pulling up next to a Navigator and revving the motor so the frame twists during a power brake. Thise guys don't even take their 4WD SUV's off road ha ha ha!

Insights From Our Founders

Bernanke, Geithner & The Media - recovery - NOT

Mainstream media is opining that we are in a

recovery even maybe a result of the stimulus!
Karl Denniger(http://market-ticker.denninger.net/) has overlaid this chart with the dollar and The S&P 500 from the March lows to today.
Notice the near-perfect inverse correlation. The Dollar goes up, the market goes down. The Dollar goes down, the market goes up; near-perfect correlation
Folks, you don't have to engage in any sort of "conspiratorial" thinking on this whatsoever. You only need examine the facts. The rally in the market has exactly nothing to do with the economy and the outlook for it. It is tied to one and only one thing - the decline in the dollar. It is responding to hot money flows that are being intentionally generated and, if you follow them as an investor you will be crushed, just as those who bet on recovery in Japan following their original collapse were.

A California Workaround...

I am back in CA now and can sure tell it...those crooks in Sacramento are at it again.

http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story
The provision is one of numerous maneuvers state lawmakers and Gov. Arnold Schwarzenegger approved in the summer to paper over the state's deficit. Many of the changes, including the extra withholding, were little noticed outside of Sacramento. Savvy taxpayers can get around the state's maneuver by increasing the number of personal withholding allowances they claim on their employer tax forms, said Brenda Voet, a spokeswoman for the state's Franchise Tax Board.

Stupid Car "Stimulus"

As you can readily see from the blip in the hole

our wonderful gummint's car stimulus was a complete flop. We're in the same hole we were in and possibly deeper because forward sales were robbed. Now we will see if the rest of the "Stimulus Package" is equally effective. ha ha ha

Visiting Family in Pennsylvania

Fall in the northeast is quite pretty but the ominous drop of temperatures is going to chase me out in another week. Besides I have caught up with most of the 'fix-it' chores around and the leaves have yet to fall. We'll save that for our return at Thanksgiving when my brother will be visiting here for fried turkey too.