Tuesday, February 24, 2009

Winter Golf at WaterWood

Martha sticks an 8 iron to 5 feet but three putts on #8. Fairways and Tees dormant but greens were a good overseed and not bad. This is a great Pete Dye layout from mid 70s. Unfortunately the economy is not helping the course conditioning. There is a ditch in front the green and a pond to the left you can not see as well as numerous pot bunkers. Originally is was a dramatically back to front sloped green that was a real challenge,but Dye redid it with all kind of funky humps and bumps and it is goony golf now. Reminds me of the greens on the River course in Kohler. 15o from whites and 196 from tips.

Total and Complete Annihilation


Martha trounces thelid 397 to 240. Martha started off with a bogus bingo, acolade,which of course I believed cause Martha is always right. In my defense she didn't realize it was spelled with two c's. At some during the game it appears the L and A were switched. Very suspicious since this enabled Martha to play the work Nettle. She claims innocence. I believe her because she would have called me for adding S to the end of acoalde or the bogus accolade
Then when I had closed the gap to 40 points with a masterful display of two and three letter words,Martha throws another bingo at me,abeit a blank bingo, unmanned, and it was all over.

Victory is Sweet


Managed to pull out a 297 to 271 win over Martha.

Friday, February 20, 2009

Its Better Than Doing Nothing

It is better than doing nothing

Remember a time when our hearts and minds were stirred by JFKs "ask not what your country can do for you",MLKs "I have a dream", or Reagans "shining city on a hill"? Well our new leader is trying to temper the expectations and dreams those leades nurtured in us with his inspirational slogan "its better than doing nothing". The greatest country in the history of the world now drags it feet to the call of 'its better than doing nothing" and everyone is asking what can my country do for me.

Whats wrong with the Stimulus bill? Where do I begin? The Stimulus bill is what our government likes to do and does best. It wastes money. The strongest reason for supporting the bill is "it is better than doing nothing". How could so many incompetent and corrupt people be collected in one city,in one institution? Next time you make a personal financial decision , just tell anyone who asks you to justify your action, "its better than doing nothing". This is the new mantra of the Democrat Party and Media. The only government action I can think of where this might have been justified was the Iraq War, it was better than doing nothing. Can you imagine the uproar from Democrats and their useful idiots in the media had Bush used "it is better than doing nothing" as the main reason for the Iraq Invasion? And just like the Iraq War, this Stimulus bill will not be a one or two year event,the very nature of it means it has to continue. How do the jobs and businesses supported by the stimulus survive without more government spending? They don't.

We have a President who is a product of Harvard,we have many members of both houses of Congress educated at similiar institutions,dozens of advisors and consultants products of the best colleges in the country and their best reason for passing the stimulus bill is "it is better than doing nothing". This could be most the morally and fiscally irresponsible thing I have heard since the Proper tire Inflation debacle. I guess that was better than doing nothing.
When Congress or your friends ask you why you took out a sub prime mortgage to buy a house you could never afford,just tell them "it was better than doing nothing".
This is so sad its not even funny. Why do we go to work in the morning? Its better than doing nothing. The sense of a destiny mired in failure that "its better than doing nothing". When you go out buy an expensive watch or car and your wife asks you why you did it and how you can afford it, just say "its better than doing nothing". This reminds me so much of an oil trader I used to do business with. We were in the doldrums of the summer market and he was trying to short a dead market that just didnt seem to want to go either way. I asked him why he was trying to put this trade on ,and he said 'i'd rather have a bad position than no position". That seems to be how our government is operating. Oh,that trader declared bankruptcy several months after getting short. We would rather have a bad stimulus bill than no stimulus bill. Sound reasoning. Our President when questioned about the stimulative value of his spending plan,said all spending is stimulative. Hmmm. Yeah,and it is certainly is better than doing nothing.

We are headed in a direction where there can only be one of two results. We will either throw up arms and ask Obama or whoever is in control to take total command of the economy and our lives,because it is better than doing nothing,or we will hopefully find a leader who wishes to inspire us to greatness and will enter an era of discarding government regs on the economy,lower taxes,and drastic cuts in government spending and power. A leader who will tell us to pick ourselves up rather than telling us government is our only hope. The more the government does the more difficult it is for the private sector to perfom. These are truly dark days. But it is better than doing nothing.

Why not try instituting a 3-5 year hiatus on Mark to Market for the toxic assets? Thats easy,it might work but it would mean the government would not get to spend trillions. Why not form another Resolution Trust as we did in the 80s and dispose of the homes? Because it worked and means the government does not get to spend trillions.

How can the government put a floor under home prices? It cant. I mean it can try but it will fail and make the problems worse. Look at all government subsidy programs,they all result in massive market distortions,misallocation of capital, and of course failure. In fact our present mess is a product of federal subsidies. The insidious home mortgage deduction, Clintons 500k housing tax break, and using Fannie to backstop the subprime garbage are subsidies plain and simple.

We must take our pain now and get this over with. Our goverment has instead chose to bankrupt our grandkids because its better than doing nothing. Why does the government want my children to pay more for a home? Letting the foreclosures begin and housing prices fall would spark a tremendous rebirth in the economy with a plethera of new home buyers. Why is housing so expensive? Federal subsidies. Why is housing collapsing? Federal subsidies. But it is better than doing nothing.

The best and most intelligent thing our leaders could do in most instances is nothing. I voted in the last election for McCain because it was better than doing nothing. Please Republicans,no more compassionate conservatives or moderates,we need real fiscal conservatives who can sell and inspire.