Federal Reserve Judgemnets

The federal reserve announced that the near-zero interest rate will remain unchanged.  Boring, huh?  But y'know, that is their judgement that the economy is doing so badly that practically free money is required to save us from a big crash.  They been saying it's bad for about 7 years now and no end in sight.  Which raises the question of who has been in charge of the economy for the last 7 years?

Old people who need to live off interest payments are scrambling to find anyplace to generate income so they don't die of starvation.  CD's pay 0.01% and savings accounts even less.  So old people buy stocks that pay dividends.  But if the Rodham-Clinton plan is enacted, those same old people will be have half their savings taken if they try to move their money into stocks of the best dividend paying companies, because of course the old people are selfish quarterly chasers.  Actually those old people are chasing monthly returns because otherwise they might die.

It almost makes me think that Democrats hate old people, and want them dead.  That's called being Progressive.

Nobel Peace Prize Winner Goes to War

The front page of the Wall Street Journal today tells us that the Nobel Peace Prize winner is selling arms, supplying money and helping middle east countries to gear up for war with their neighbor after the Nobel Peace Prize winner gave the neighbor the go-ahead to build a nuclear bomb and destroy Israel.  One might get the distinct impression that the Nobel Peace Prize winner is a war monger:

The Obama administration has launched an aggressive campaign to try to allay the fears of allies in the Middle East over the Iran nuclear deal. 

Senior administration officials are making the strongest overtures to Israel and Saudi Arabia. There have been repeated offers recently to increase the $3 billion U.S. military aid package to Israel. 

The U.S. is specifically looking at ways to expedite arms transfers to Arab states in the Persian Gulf and is accelerating plans for them to develop an integrated regional ballistic missile defense capability, a senior administration official said.