Friday, November 11, 2011

The Friday night special...

"If any single number captures the state of the American economy over the last decade, it is zero. That was the net gain in jobs between 1999 and 2009-nada, nil, zip. By painful contrast, from the 1940s through the 1990s, recessions came and went, but no decade ended without at least a 20 percent increase in the number of jobs."

Today I listened to Chairman Bernanke talk to soldiers about the Federal Reserve. He said that the Fed was started to maintain fiscal policy and control inflation, keep it even keel. Funny to think that the Fed was set up in 1917 shortly there after we had the roaring twenties and then the Great depression. Where was the Fed in all of this? It's so typical of people, they have selective memory and will take credit only for the good stuff.
I bought a beautiful Silver Eagle for fun.
Recently a friend of mine challenged me on why I would vote for President Obama. I have thought about this a long time and I could come up with a lot of reasons why some one should as opposed to why not. That is always the part that really bothers me, you should vote for candidate X cause he is not Candidate Y. This to me seems like some crazy logic, I should eat a Granny Smith apple because it is not a Golden Delicious? They are both apples. I will address my thoughts on why you should vote for president Obama later.

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