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November 4, 2011
 

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POST-GAZETTE, NOVEMBER 4, 0i 1 Page 3 POST-GAZETTE Pamela Donnaruma, Publisher and Editor 5 Prince Street, P.O. Box 130135, Boston, MA 02113 617-227-8929 617-227-8928 FAX 617-227-5307 e-mail: postgazette@aol.com Website: www.BostonPostGazette.com Subscriptions in the United States $30.00 yearly Published weekly by Post-Gazette, 5 Prince St., P.O. Box 130135, Boston, MA 02113 USPS 1538 - Second-Class Postage paid at Boston, MA POSTMASTER: Send address changes to the POST-GAZETTE - P.O. Box 130135, Boston, MA 02113 James V. Donnaruma Caesar L. Donnaruma Phyllis F. Donnaruma 1896 to 1953 1953 to 1971 1971 to 1990 Vol. 115 - No. 44 Friday, November 4, 2011 OUR POLICY: To help preserve the ideals.and sacred traditions of this our adopted country the United States of America: To revere its laws and inspire others to respect and obey them: To strive unceasingly to quicken the public's sense of civic duty: In. all ways to aid in making this country greater and better than we found it. GUEST EDITORIAL JOHN MAYNARD KEYNES VS. BARACK OBAMA by Sal Giarratani Most liberals today tout Keynesian economics but apparently don't even understand it. I recently read a copy of "The Nation" that carried a front page story inside on "What Would Keynes do?" Obama keeps resurrecting stimulus bills after a preceding one fails. He just doesn't seem to get why there is such a failure rate with his economic policy. I wonder if Obama ever read the book Keynes wrote in 1936, "The General Theory of Employment; Interest and Money." If he did he should have recognized that pouring more money at this time into the economy can't quite work in this latest crisis we face. Keynes hated trade debts. Stated The Nation, "It's not just our jobless rate but our huge trade deficit that would appall him. He'd be aghast to see the United States bogged down in so much debt to the rest of the world." Keynesian economics such as deficit spending can't really work properly to push employment back up in 1936 when he wrote his book, the United States was the largest creditor nation in the world. He never thought we would become mired in credit as we have. The Nation said if he were living today, he would be pushing for not just short term goals but a long range plan to get us back into a creditor position again. According to "The Economist," the United States as of July 9 had rolled a $680.9 billion trade deficit over the previous 12 months which means in 12 months time, we rolled up another $0.7 trillion in the red. Over the same period of timel China, that great democracy, (ha, ha, ha) had a surplus of 8188.4 billion. Read this from The Nation magazine, "Keynes believed that practical leaders would always see the supreme importance of keeping the country out of external debt." Keynes obviously never imagined a president like our current one. Happy 102 "d Birthday Josephine Gaet(t Family members gathered recently to celebrate Josephine's 102 ad birthday bash at Limoncello's in Boston's North End on Sunday, October 16. Left to Right: Bruce, granddaughter Maria, great-grand- daughter Alexandra, Parko, Joanne, daughter-in-law Anna, birthday girl Josephine, Josephine's son Anthony, Anthony and Carol Fabiano great- grandson Anthony, Mary and grandson Joseph Gaetao Anna, Josephine and Anthony Geata. Kiwanis Club of Medford A Taste of Italy a Huge Success GRAZIE! GRAZIE! GRAZIEI To the wonderful and generous restaurants for sharing their delicacies with all[ To all the attendees who clearly had a fabulous timel To our friends at Accardi Foods m your generosity in allowing us your venue is outstanding. On behalf of the Kiwanis Club of Medford, thank you all for a wonderful evening and the opportunity to raise thousands of dollars for the children of Medford and Kiwanis charities including the food pantries!! God bless you all and we hope to see you next year! WITH ALL DUE RESPECT MR. PRESIDENT Sttbmitted by Sol Giarratani "There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy." -- President-elect Barack Obama, January 9, 2009 "When you make (your decision to vote next Tuesday), it might be well if you would ask yourself: Are you better off than you were four years ago? Is it easier for you to go and buy things in the stores than it was four years ago? Is there more or less unemployment in the country then there was four years ago? America as respected throughout the world as it was?" -- Presidential candidate Ronald Reagan, October 1980 "Obama will have to answer that question Reagan asked in 1980." -- Wall Street Journalcolumnist William McGurn, 2011 i!iiiiiii!ii iiiiiii iiiii! i!i! iii iii!i!iiiiii iiiiiiiiii iii iiiii! iiii!iii ilii!i iii iliiii iiiiiii ili0000i iii ii00!i ii!i ili! i! LENA ASSENZA Passes Away at Age 84 Lifelong North End resident Lena M. Assenza passed away at home on October 25. She was the daughter of the late Vincenza (Giusta) and Gaetano. She was the sister of Jennie Ruotolo of Chelsea and the late Anna Sinagra, Joseph and Jimmy Assenzo, Carmille Renzulli and Mary Riley. She is also survived by many nieces and nephews, and many grand and great-grand nieces and nephews. Her wake and funeral were held at Sacred Heart Church this past Saturday. Interment was at St. Michael's Cemetery. Funeral arrangements were handled by McGrath's Funeral Home of East Boston. [i Here's a photo taken back in 2009 of the Post-Gazette's Sal Giarratani and Lena Assenza. Sal's grandmother was Lena's aunt. The history between the Assenza (Assenzo) and Giarratani fami- lies dates back to approximately 1845 in Sciacca and 1906 in the North End.