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Sunday, August 21, 2011 ISSUE #669

Farm vacation would beat Martha’s Vineyard               
    COLUMBUS: The President has been saying that Qaddafi's "days are numbered." Well, it appears that Qaddafi has run out of both numbers and days. The next question is, What will become of  Libya? And more importantly, what will become of their oil? Is Syria next?

    The President is vacationing on Martha’s Vineyard. I think he got it backwards. He should have spent 3 days on a bus tour of that highfalutin island, and 10 days on a family vacation in farm towns of Minnesota, Illinois and Iowa. Every day his family would have been invited to a different farm for dinner, then spend the afternoon doing farm chores. Baling hay and milking cows beats golf any day. (You know, that million dollar bus could come in handy on the farm; if you cleared out the seats it would haul at least 200 square bales.) For supper, local churches would have been glad to organize a covered dish meal. And ten days in farm country could have picked up more electoral votes than Mr. Obama will ever gain from Massachusetts.  

    The Federal Reserve is meeting in Jackson Hole to figure out how to get us out of this economic mess. Is that smart when you’re already in a hole? Why not meet on Jackson Mountain or Jackson’s Mill, or even Jackson Flat. Anywhere but a Hole.

    They already dropped the interest rate to pert near zero. Pretty soon, instead of collecting interest they’ll be paying you one or two percent just to take some cash off their hands. Bernanke is gonna print another Trillion dollars of bogus bills, no matter what Governor Perry says Texans will do to him.

    Vice-President Biden went to China to assure the Chinese that we will never default on the Treasury bonds they hold, no matter what Congress does. This makes you wonder why the President refused to give the same assurance to Americans last month.

    Of course China wants us to stay prosperous and growing. Otherwise where would they find new technology to steal?

Historic quotes by Will Rogers:

    "There is two things that can disrupt business in this country. One is war and the other is a meeting of the Federal Reserve."
DT #837, April 2, 1930
    "Sell your house and lot this morning, for the Federal Reserve Board meets this afternoon." DT #839, April 4, 1930
    (Will Rogers pretending to be President Coolidge, on a radio broadcast. Read it as if you are listening to it.)  "I am proud to report, that the country as a whole is prosperous. I don't mean by that, that the whole country is prosperous, but as a hole, it is prosperous. Now a hole is not supposed to be prosperous, and we are certainly in a hole.  In conclusion, everybody I come into contact with is doing well. They have to be doing well or they don't come in contact with me.”

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