May 11, 2007 by Matt Heckman.

Alan Greenspan was once again attempting to talk down the economy into recession today. Ever since the DOW broke 12,000, Greenspan has been hell bent on trying to crash the stock market. Who knows if it’s an ego trip, but remember this is the same guy that brought us the tech bubble, and then forced the economy into recession in 2001 after raising interest rates to very high levels.

I can’t help but look back and think how President Kennedy was correct about the Federal Reserve, and how it needed to be done away with. Congress created The Federal Reserve System on the grounds of winning World War I, and the claim credit for our success in World War II after FDR pulled us from the gold standard. Since then as Kennedy pointed out, The Federal Reserve became almost a 4th branch of government which the founders would never have approved which began the creation of US Treasury Notes. You will notice that the treasury seal was red compared to the green seal of The Federal Reserve. After Kennedy was shot in 1963, the US Treasure notes ceased. In the end this is one of those mysteries that make you wonder what our economy, and the state of our country would have been like if Kennedy’s vision of full implementation of US Treasury notes continued beyond 1963?

If you would like to read more about this interesting part of American History Click Here

Posted in National Politics | Print | 3 Comments »

May 11, 2007 by Matt Heckman.

Tony Phyrillas from the Pottstown Mercury wrote a very good piece on his blog today about this.  From all of these Ed Rendell blowhards, to Mayor Marvel-Less Tom McMahon playing scare games that if we don’t fund mass transit the poor people are going to go into poverty.  Sounds like an oxymoron to me.  Back to the point however, Tony said something that is all too true.  That is more of the wealthy suburban folk using SEPTA more for their commutes to Philadelphia, and New York then the residential base in Philadelphia.  For people like Ed Rendell and Wyomissing’s own Mayor Marvel-Less Tom McMahon to be demanding that the rich pay more, but yet when it comes to their wealthy SEPTA base they are exempt for some reason.

Now for you people that don’t believe me, allow me to give you a firsthand analysis that what Tony pointed out is indeed true.  I used SEPTA quite often when commuting to Philadelphia myself over the years, and every parking lot at every train station on the R5 from Throndale to Philadelphia, I do not see one junk car parked in that lot.  I see such newer cars as BMW, Lexus, Acura, Hummer, Infinity, Corvette, and even Lotus.  Believe me, these commuters are not poor in any way.  Most of the commuters I have talked to over the years while riding the train tell me how they pick up anywhere from 70K to 100K a year easily be it in New York, Philadelphia, or the New Jersey Transit system.  I challenge anyone to see for themselves in the middle of a work day, and what type of cars are parked there.  Then you will see that if The General Assembly does not fund mass transit in a way to line the pocket of Ed Rendell and his minions, these people will not be filing bankruptcy over the extra $75.00 year on average they would have to pay for in an increase.

Posted in State Politics | Print | 5 Comments »