Reggie Mundekis

Reggie enjoys watching CNN, MSNBC, CSPAN, as well as reading the Economist. Light reading includes the American Cinematographer. Reggie is active in the DPOC and the ever present Trojan activities.

Capitalist Bitch Slap – Nationalizing Banks

Banks have failed in the Free Market.  Both Paulson and Greenspan (an avowed Ayn Rand disciple) have admitted this.  For a “free market” to be a Free Market, the market participants (banks in this case) must act Rationally.  Acting Rationally means looking at the viability of the business in the long term, avoiding actions which…

Hey, Ed, Let’s Talk

From Ed Royce via email blast: Royce Opposes Democrats Unstimulating Stimulus  Today, Rep. Ed Royce (R-CA) opposed the Democrat Leadership’s unstimulating stimulus package. The $789 billion legislation, loaded with wasteful spending, passed the House 246 to 183. Okay, Ed, and you voted how on all of the Iraq funding bills?  What’s that again, I didn’t…

Be Careful What Yoo Wish For!

The DOJ is drafting a report investigating if Bush administration lawyers based their legal opinions on the legality of interrogation methods on the need to please the White House.  For those of you not familiar with the legal profession, contrary to what you see on TV, lawyers are not supposed to advise their clients to…

Local Budget Shortfalls

Here’s a quick summary of the announced budget shortfalls for our local governments.  Revenues are general fund revenues. Brea  - Revenues $54.8 million, Gap $2.3 million (4.2%), Revenue mix  33.3% sales and use taxes, 19.8% contract to provide police services for Yorba Linda, fees, 11.5% charges & other revenue, 10.4% property taxes  Buena Park - Revenues   $56.4 million, Gap…

Progressive Econ 101: Free Markets

Free markets are the goal of many.  ”Let the Free Market decide” is a rallying cry to bring the troops to the email and phones.  But, what is a Free Market? The simplest explanation is a free market is a  market where the individuals are free to exchange goods and money without the interference of…

State Budget – Work Those Phones!

As you are reading this, our worthy compatriots are working the phones to Sacramento to tell our electeds that they support  Freddie Krueger’s budget which will leave our government in  useless shreds.    Our worthy compatriots are very good at this – they are mobilized and reminded by talk radio and their websites.  Call these…

Yoo Don’t Want to Do This

Torture counsel John Yoo is now “teaches” at Chapman Law School.  I’m not going to take a soapbox and rail against Chapman Law School for employing him because Chapman is in the education business, and quite frankly, both students and faculty can be educated.  I know there are many at Chapman who work hard to…