Friday, November 5, 2010

I wish the Fed would stop controlling my life

The Dow Jones Industrials rocketed 2 percent higher on Thursday and moved ahead again Friday to finish at 11,444, the highest since September 2008, just before the financial crisis-crash.

The Wall Street Journal and other credible publications attributed the rise to "the Federal Reserves plans to spur the U.S. economy" by buying $600 billion worth of U.S. Treasury bonds that "helped fan fresh rallies in oil, gold and Asian stock markets."

The move helped push down interest rates caused American companies like Coca Cola and Dow Chemical "racing" to sell $12 billion in new debt.

But this kind of interference is just another example of government getting too involved in our personal lives. My kid's college fund what up so much it was detestable. I would rather take my jolts without the Fed's unwarranted and unwelcome intrusion into my personal finances.

If we were this "fair and balanced" 
our readers would be burning our building down.

A column by Dana Millbank of the Washington Post has me trying to figure out why people call the Foxnews network fair and balanced.

He cites a number of Fox news employees taking sides in the recent  election coverage.

If Free Press reporters even came close to any of this kind of behavior, our readers would be burning our building down, and, by the way, the reporters would be fired.

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