Wednesday, July 1, 2009

The Magic Number

Sixty senators. 60. We have no excuses. The Democratic Party is either going to do good works for this country, or it's going to get itself voted out of office for being too Republican.

Al Franken, Saturday Night Live alumnus and best-selling author, decided to go after the late Paul Wellstone's seat, occupied by a man with too many excessively white teeth, Norm Coleman (R). After a vote that was way too close to count, Norm battled his way all the way up to the Minnesota Supreme Court, who (yesterday) unanimously gave Franken the win in last November's senate race. And a long, hard slog it's been.

So now we have a majority that can do things in both the House and the Senate, and we have the White House as well, with a President who is possibly the most progressive person in the White House since FDR.

Shame about the lack of spine, though.

Federal Reserve Notes

In other good news, it appears that the most Libertarian Senator, Ron Paul, and the only sitting Socialist Senator, Bernie Sanders, are both approaching the Federal Reserve with the right idea: "Let's Have An Audit!" Many people are advocating a return to the gold standard, which I am guardedly in favor of. It's all about perceived value, after all, and just because something is rare doesn't mean it's desirable. Uranium is quite rare, but I sure as hell don't want uranium coins in my pocket.

But the Fed is a law unto itself, and feels no compunction to tell the United States government (or the people of the United States) where they spent the money we told them to flood the market with. Or rather, Bush, Obama, and the Congress told them to flood the market with. Still not sure that was such a good idea. But hundreds of billions of dollars later, I'm still paying for a pretty inflated mortgage.

740 + 20% down

And (speaking of credit ratings, et al): why is it that when I pay off a credit card, or my car loans, my credit history is dinged? Or if an account is closed by a credit card company because I've decided to stay away from being further in debt, my credit rating is lowered? Can anyone reasonable tell me this? I know that one must experience small debts before one amasses larger debts (Macy's card, then car loan, then mortgage); but if a person pays their mortgage on time, and pays off credit cards, apparently that means you're some kind of deadbeat.

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