Elections

As a Californian, I am amazed that none of the changes that swept across the country affected our state. We are over $130B in debt and chose to keep the same political group in power. I did think that one of the business women would have won.

Today the Federal Reserve said they are going to print money (my words) to buy $600B in bonds over the next 7 months to support the economy's recovery. This is a stimulus package that sidesteps congress. I do not think this organization should have this kind of power without congressional approval. There is no check and balance. Bernanke should have been removed and someone else assigned.