Economic Good Times Are Fleeting

KICKING THE BAR OVER  Rel October 25th.

Make It (Aerosmith)

My City Was Gone (Pretenders)

Who Can It Be Now?  (Men at Work)

I’m the Greatest (Lennon demo recording)

Fools In Love (Joe Jackson)

Rock This Joint (Stray Cats)

In Cars (Gary Newman)

Girl’s School  (Mc Cartney and Wings)

Goody Two Shoes (Adam Ant)

Brand New Key (Melanie)

Some Girls (Rolling Stones)

How Do You Sleep At Night (John Lennon)

Rock Show (Wings demo recording)

To Live Is To Die  (Metallica)

My friends, these economic good times are fleeting.  They’ll be gone before you know it.  But people like Vice President Mike Pence, no doubt at the president's bidding, made a speech saying how great President Trump was and all he had done for the economy already and how he wants to do more if just we can pass his tax plan.  We originally edited this speech to 19:29 (with its obvious implications) though we added a three tracks since them.   And then we added two more and axed the track entirely from the roster.  This speech is as heard on C-Span Tuesday morning.   Just as late July of 2007 we referred to in a blog heading as “These Are the Good Old Days” now we have this recitation of all of the wonderful things President Trump has done for the economy and national security.  Trump is great at delivering a pep talk even if none of it is true.   Thom Hartman today pointed out that after the 1986 tax cuts there was a sharp rise in the stock market.  We mentioned that stocks were overvalued at the time and predicted a pull-back.  As it so happens there was a thousand dollar drop in stock prices from 2700 to 1700, and that was a lot of money in those days.  The market much as Pence and Trump have suggested, anticipated a rise in the economic good times and an overall revival and surge of economic growth.  They are ignoring all the doom and gloomsters out there who point to the fact that stocks have been over-valued for a long time and all of the factors which have gone into making them over-valued such as paying off high priced CEO’s in stock options, decreasing supply for the rest of us.  Last time it took a year for the recession to really get going from when we predicted it.  We’ll see about this time.   Sometimes these recessions sneak up on you. 

 The front photo is of an old man like Mike Pence trying to jump the high jump and kicking the bar off the holder and both falling into the sawdust.  The liner notes are similar reflections as this paragraph.  Of course the title listings are on the back.   These song elections aren’t considered canonized yet.  They haven’t officially met the bar.  And when they do it will be on an all rock compilation.   But it won’t be this album – yet.  We decided that political tracks suck and they get boring but we kept liner notes references.  We decided to substitute one song and substitute "How Do You Sleep" and this is being typed just after six on October 25th.  Of course now we're talking about Donald Trump.  "Jump when Sheldon Adelson tell you anything".  "In Cars" is a late substitution.  

Norman Goldman is on right now and the chief result of these tax cuts will be a ballooning of the federal deficit.  As I have said many times, there is a strange inconstancy with Republicans that when one of them is in office that deficits don’t matter.  This saying was repeated till our ears rang while Bush was president.  Now when Obama becane president.  The republicans of course became obsessed with the deficit. 

I also looked at the Alexander Hamilton Eleven Point Plan for the economy.  Thom Hartman’s name came right up when I Googled the topic.  Thom Hartman on numerous occasions has read off these eleven points called a revamping of the Tudor Plan that King Henry VII came up with in the late 1400’s.   The importance of industrial import terrifs can’t be over emphasized.   The key thing is to hold on to raw materials and export finished goods.  The value of an item is reflected by the men and women who produced it.  Value is a result of labor as well as what you can get for it.  We heed a value added tax of seventeen percent or so like every other country has.  In every stage of production when “value is added” to the product, a small tax is levied.   Nations from Korea to China to Germany realize the value of terrifs to insure the health of their own economies.  

This was a big day on Days of our Lives.  Bonnie Lockhart was unmasked.  Patch discovered she was an impostor.  He had been trying to put the clues together in his mind with Kayla earlier.  Maggie stopped the wedding and then they hassled Adrian alias Bonnie.  She said “Bon” for her wedding vows and called Steve Patch, which his sister never did.  Her true motives of vengeance toward Maggie came out in the open.  Jennifer rescued Eric from his self produced malaise.  Maybe she can rehabilitate him.  Then I went for a lemonade and a graham cracker from Rico.  Bill had Judge Mathas on until three.  They were playing reruns of the show from over ten years ago.  Nora came by and wouldn’t look to see if Bill had bed bugs like she wanted her to.  She said that was Purlita’s job.   I now owe Ron five cigarettes.  Jennifer began calling names on a Monday at one thirty.  She announced Money Draw would be today at lunch.  Larry was paid and he lent me a cigarette.  Ron Flowers gave me a little of his nice, cold Coke.