Explaining Southern California's economy

Ronald Reagan: A man and his secret harmonica

Mercer 14569

Marion Doss/Flickr

Ronald Reagan, an American legend

Ronald Reagan was a...harmonica player? I consider myself something of a student of Reaganalia, having enjoyed some formative years during the Gipper's reign. But Kitty Felde's story today about a Reagan exhibition at the National Portrait Gallery in Washington, D.C., included a tidbit about the 40th President's rumored late-life adoption of the mouth harp as his instrument of choice. That got my attention!

Evidently, Reagan's harmonica playing was something that journalists discussed, but like a sort of musical state secret, could never properly confirm. This is from the UK Independent — in 1994:

Some say it was Bill Clinton's saxophone playing that got him going, others that he read Presidents Lincoln, Teddy Roosevelt, Coolidge and Eisenhower played the harmonica so he felt he ought to.

Bemused friends claim a tutor visits twice a week and there have been suggestions that among the tunes the former actor has been working on are 'Git Along Little Doggie' and 'Streets of Laredo'.

Read More...

Live-econoblogging the Republican debate in California

ANOTHER UPDATE: President Obama has pitched his jobs plan to Congress and the public and I've got a quick reaction. Some intriguing ambiguity about whether we'll get an infrastructure bank, a subject I've blogged about. An I-Bank would have some definite benefits for Southern California, where the infrastucture is a-crumbling and there are thousands of unemployed construction workers.

UPDATE: As promised, I took a closer look at Perry's argument that Social Security is a Ponzi scheme. Social Security is not a Ponzi scheme, and here's why.

And so it ends. On the economy, the frontrunners — Mitt Romney and Rick Perry — promoted their own jobs records and attacked each other. On balance, Romney provided a more focused message on the country's future global competitiveness, which makes sense given his experience with Big Finance. This should resonate with Southern California, given the region's exposure to international trade. Perry stuck to his guns on Social Security and his insistence that it's a Ponzi scheme (which it isn't). This was a risky move, but one that should please his base. However, it also created a distraction from Topic A, which for many Americans is unemployment. "A monstrous lie to our kids" Perry called it, while if what he really wanted to do was talk about reforms to entitlement spending, he could have avoided this radical argument (although he's been on the record with this one for a while). 

Read More...