House Lights on Quincy in Plano

Since the Gordon family has a website for their light show, I thought I'd share it with you.
They are on Quincy, near Ohio, on the north side of the street. As you approach their home, tune to 97.5 FM and you will hear the music that coordinates with their light show.

Here are their website: http://www.gordonlights.com/

You do want to hear the accompanying music.
And you will want to honor their request to not park directly in front of the home to avoid obstructing the show.

Robert

Movie: Love Happens

Love Happens was surprisingly nice movie. It stars Jennifer Aniston and Aaron Eckhart. The supporting cast includes Martin Sheen (West Wing) and Judy Greer (13 Going on 30). The movie was thoughtful, funny, and enjoyable.

I skipped it at the theater and saw it on DVD. I recommend it.

Robert

Economic Interpretation of the News

I have been studying economics and I find myself interpreting the news differently. On May 17, 2010 the Wall Street Journal ran an article, "Manufacturing Capacity Going" by Justin Lahart. When I read that the U.S. manufacturing capacity has dropped almost 3 times a much as in the last recession, I now understand that means the GDP (Gross Domestic Product) will probably drop. That means the ratio of U.S. debt to GDP will increase, making the U.S. debt worse.

The June 22, 2010 WSJ article, "Onshore Energy Attracts Asian Funds" by Dinny McMahon and Se Young Lee pointed out that many foreign investors are poring money into U.S. energy companies like Chesapeake Energy and Atlas Energy.

Since I now have a better understanding of trade imbalances, I know that foreign countries with U.S. dollars are looking for investments in America. I noticed that the investments in energy companies will not lead to the creation of jobs like investments in factories would.

Lack of investment in factories and jobs will worsen the GDP because production will continue to decline. This is why the recovery will be a job-less recovery.

If we cannot understand the problems facing America, we cannot fix those problems. We all need a better understanding of economics.

Robert Canright

A Hayek vs. Keynes Rap Anthem

You have got to see this video on You Tube. It's about economics, Keynes versus Hayek:

"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem

http://www.youtube.com/watch?v=d0nERTFo-Sk

It's humorous but intelligent.

Robert

Congresswoman Says Wall Street Runs Congress

Marcy Kaptur's quote is so good I have to mention it. She was asked,

"Do you think it's too harsh to call what has happened here a coup d'etat?"

Congresswoman Marcy Kaptur, Ohio, said, "The people here aren't really in charge. Wall Street is in Charge." (New York Times, Friday September 25, 2009, p. W3)

I dug a little bit and found these videos on You Tube:

Addressing Congress, January 7, 2009: "Wall street just robbed the biggest bank of them all - the PUBLIC TREASURY"

Marcy Kaptur calls the bailout criminal.

Marcy Kaptur asks Congress to pray for our republic.

Marcy Kaptur on Bill Moyers spilling the beans on J.P. Morgan.

On Bill Moyers, Simon Johnson warns that if the banks are not reigned in, they'll crash the economy again and it will be far worse, Marcy Kaptur says we need a 1,000 agents to pursue mortgage fraud and securities fraud.

She is pretty impressive!

Robert

My Favorite West Wing Web Sites

I'm a big fan of the TV series West Wing. Here are my favorite West Wing web sites.

The West Wing Episode Guide

Bartlet 4 America

West Wing Transcripts

West Wing Quotes at Wikiquote
Perhaps my favorite quote is "Where's my jetpack?" This quote got turned into a song and several books.