The employment act of 1946…

One of the four monetary policy goals of the Fed chair is high employment. Which is stated in the act as “responsibly of the Federal government…to foster and promote…conditions under which there will be afforded useful employment, for those able, willing and seeking to work, and to promote maximum employment, production, and purchasing power. “ Which translates into more aggressive expansionary monetary policy. On the other hand, are we more realistically in the grips of stagflation, in regards to the still lower GDP and bump in inflation? Outside of the creation of any artificial market for which the demand for labor would be needed, government intervention is inevitable if we are to move forward. But we can’t ignore the fact that the government is not a cash machine. Big B must take responsibility and act in a more utilitarian fashion, or run the risk of losing their customer base forever or for the next twenty years. Cutting interest rates and adding money through the money market system isn’t enough. More aggressive are needed to shock the hearts and minds of consumers. The predictions of the PCE and other indicators offer no crystal ball vision into the next six months. The number of dynamics at play here are staggering, we are not the only players in our own back yard. One move in the right direction is a hard look at current policy reform. Banking, credit cards, houses, car loans and taxes. Next on the table would be government spending and net exports, it’s time we leveled the playing field on imports and exports into and out of the U.S. Along with real authority over those who choose to ignore the rules. We hang on ever word from the chair, waiting for some good news…will it come soon?

Obama’s confessed drug use without Reprisal

Drugs are nothing new to the white from the days of the royal family of Kennedy today. In fairness, all the attention Bill Clinton receives over “not inhaling “  seems to be out of proportion to that of the standing president. In a Foxnews piece, Obama  confessed using drugs at least one time in his life. Bush also admitted to a drinking problem, and many occasions preached about the evils of drinking. It would seem the media once again is picking and choosing its battles on what they find acceptable and what they do not. Could it be that Obama’s influence over the mainstream media is what has kept this issue at bay? Can we ever be able to see a fair and balance discussion about any of the present, future, or past behaviors of this young president? Should one man have the control over what is up for discussion about him and what is not? (foxnews)

We would hope that regardless of which side which party you stand for, that maybe we learned a thing or two after the Clinton circus. The waste of time and money his drug use became, just to manufacture advantage of control.

The question boils down to this, is there accountability still in the white? To move beyond the drug use into other areas that would have a greater impact on America. Because we choose to follow and trust that, we often don’t understand doesn’t mean its trust worthy.

This one got by us, we must remember that Obama is a man accountable, now to the country. Not to those who help put him there, not to his own hidden agenda, but to the people. Never in so many years has the country faced such despair or division. In these times we need a president that conveys hope and solidarity to those he serves, not …with a broad stroke of a brush or pen worship, blinded trust or obedience. The next months will put him to the test and then some; will he rise to become one of the greatest presidents in our history?  On the other hand will he, regards of the fulfillment of his duties be reelected because of the power he now controls?

Works Cited

foxnews. 21 nov 2007. 10 may 2009 <http://www.foxnews.com/story/0,2933,312352,00.html>.