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George Regal

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  • Latest Blog Posts
  • The Myth of FDR

    The Great Depression was brought about as a result of monetary inflation (68%) from 1921-1928. (See: What is the Federal Reserve Doing?) There were other factors involved, but this was the primary factor. This was mostly the result of “easy credit” (a recurring theme isn’t it?). Credit expansion, as we have …

    Posted on: October 13, 2008 at 9:59 am on Filibuster Soup - 0 comments total
  • The impending Social Security crisis

    Social Security (SS) is called the third rail of American Politics; when, in truth, it’s just a third rail period!  Within the next ten years outlays for Social Security will exceed incoming revenue from SS taxes and things get really interesting.  Now, you may be saying, what about all the money …

    Posted on: October 13, 2008 at 9:46 am on Filibuster Soup - 0 comments total
  • Pain at the Gas Pump

    This issue was displaced somewhat by the current economic news, but it is still near and dear to our hearts because we feel it everyday!  What’s behind it?  If you’re tuning into the cable news channels you’ve probably heard that it’s greedy oil companies, speculators (an upcoming topic), increased demand …

    Posted on: October 13, 2008 at 9:20 am on Filibuster Soup - 0 comments total
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  • Sal, my good man, love your work here by the way, don't let this stuff get yo you. Emotions get in the way, just keep defending you position and you'll be fine. You're going to get attacked from time to time, respond just as you would to a reasoned, respectful, well thought out, comment. Defend, defend, and DEFEND, then counter. .

    Factcheck.org and Barack Obama
    Posted on: October 15, 2008 at 7:49 pm on Filibuster Soup - 7 comments total

  • Excellent! Tax credits are kind of funny. You only get them if you do want the government wants you do, or only certain people get them while others do not. Straight tax cuts, allowing people to decide for themselves how to spend the money, are preferable, but they rarely correspond with spending cuts. You end up trading a lower tax burden for increased inflation, and inflation will win. Who, incidentally, suffers most from the ravages of inflation? Why, that would be the poor (especially those on fixed incomes) and the middle class! The poor and the middle class don't have lobbyists, we're supposed to, they're known as legislators, but that ship has sailed. Promise the these people the world to get their vote, and when the legislation hits The Hill the lobbyists and special interests turn into a cash cow for their employers. It's an old dance. No wonder I hate dancing!

    Obama's "Fair" Tax Plan
    Posted on: October 14, 2008 at 6:38 pm on Filibuster Soup - 1 comments total

  • I might feel better if McCain actually knew something about economics, Obama too for that matter, If McCain had opposed the bailout from the get go I think the keys to the White House were his, since he didn't he has to go this route. He may be talking about the issues as well, but he has to go negative, and that's all anyone (including the media) is going to focus on. I also might feel better if, after 30 years in the Senate, Joe Biden actually knew what the constitutional role of the VP was. At least Biden is good for a few humorous gaffes! I don't see any major difference between the two choices. Nothing of substance is going to change no matter which way the election goes.

    Joe Biden In Pennsylvania Today
    Posted on: October 13, 2008 at 12:32 am on Filibuster Soup - 6 comments total

  • That should be "Burns response was telling". He was in Bonn Germany. I'll have to be more careful writing comments as there is no edit feature! Oops.

    What Is The Federal Reserve Doing?!?!
    Posted on: October 09, 2008 at 5:21 pm on Filibuster Soup - 3 comments total

  • Indeed it is! This is not the only consequences of the FED's monetary policy. Another consequence is the subject of my next post. Another telling admission: Arthur Burns, formerly of the Federal Reserve, was asked by a German reporter after his appointment as ambassador to West Germany, how he could've engineered so much inflation, with such disastrous consequences. As an economist, didn't he know better? Bonn's response was telling. He said the Federal Reserve Chairman must do as the President asks or the FED "would lose its independence". WOW!

    What Is The Federal Reserve Doing?!?!
    Posted on: October 09, 2008 at 5:17 pm on Filibuster Soup - 3 comments total

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