The Island of Logic

The Federal Reserve in December proposed new restrictions on debit card transactions that cap swipe fees at 7 – 12 cents. This represents an almost 84% cut in the current average. At the time of the announcement stocks in the major debit card processors Visa and MasterCard plummeted. Shocker, who would think that the Government meddling would cause problems in the market. This is an attempt by the Federal Reserve to impose price caps in our “free market” system. In a Capitalist and free market system competition and the consumer set prices on services and commodities not an over reaching Federal Government. Price caps, subsidies, excessive taxes, tariffs or any other form of Government price setting or regulations always causes havoc in a free market. The market and economy needs to be left alone and to itself. The less government regulates and meddles the more prosperous an economy. It’s simple.

If you appose the Debit Card Rules and you want to tell your Senator and Representative go to http://www.dontmakeuspay.org/ and fill out the email form.

Nancy Peloci who thinks she is entitled to special treatment. Read Story: http://www.judicialwatch.org/news/2011/jan/judicial-watch-uncovers-new-documents-detailing-pelosis-use-air-force-aircraft-2010

Or

Meche who doesn’t want to be paid if he’s doesn’t feel he deserves it. Read Story: http://www.nbcwashington.com/news/sports/Baseball-Player-Quits-Says-I-Dont-Deserve-12M-114712809.html?dr

Which would you rather have in Washington? I say “Meche for President”.

The US Treasury Dept. has issued a new Federal Reserve note to commemorate the historic nature of our 44th President. Secretary of the Treasury, Timothy Geithner said in comments on Wednesday that the new note incorporates all the latest anti-forgery technology and should be available to the public by the first of the year. IOL has received a sneak peek of the new note from an anonymous source inside the US Treasury.

Celebs Who Lean To The Right « CBS New York – News, Sports, Weather, Traffic and the Best of NY.

Link to Story: http://latimesblogs.latimes.com/washington/2010/11/obama-romney-palin.html

Obama’s approval rating has dropped to a new all time low. Now only 39% approve of his job. A whopping 60% now disapprove of his job, up from 51% disapproval Sept. 20. Obama has even fallen into a statistical tie with none other than Sarah Palin. How embarrassing that is because other polls have shown a majority of Americans believe she is unqualified for the presidency. So it appears many have now decided, on second thought, Obama looks that way too.