Saturday, March 10, 2012

ANOTHER ENTRY FROM MY 1973 HIGH SCHOOL JOURNAL

Nov. 3
I watched the  best of Soul Train today.It was excerpts of performances by different stars.

They had  "The King of Soul"  James Brown on. He was pretty good. It was weird though seeing a 40 year old man dance around. I couldn't imagine any other 40 year old doing it. I mean a man 10 years younger than my dad acting like a 20 year old.
Watch James Brown on Soul Train Circa 1973




They had  a lot of people that were ok but my favorite was on near the end on the show... Al Green the sex Machine. I love all of his songs. They are all soo good




He sang a song which wasn't one of his best so after the show was over I went upstairs and listened to the two albums of his that my sister has "Let's Stay Together" and his Greatest Hits album.




I read this on a desk...


I'm happy to be an American
I'm glad that I am free
But I wish I were a doggie
And Nixon was a Tree
                                  End of Journal Entry                               





Thursday, March 8, 2012

The More Things Stay The Same The More The Story Changes


That was then....

2008 Fox News Reporting on High Gas Prices (by Media Matters)   

Gasoline
 Initially gasoline price fell by  about 20% from the time Pres. Bush took office due to a 45% decline in the stock market. As the equity market improved, gasoline prices moved higher, gaining almost 290% before the bubble burst. At the end of his term gasoline prices gasoline prices were 35% higher than when he took office.




US Dollar



In 2001 and 2002 the USD posted 10% gains. The dollar was under pressure for the remainder of the Bush presidency, losing as much as 35% of it's value. There was a slight rebound but the USD lost 23% during the Bush year.
Gold

Gold prices rallied during the Bush years. By the summer of 2008 gold price were up more than 280% . When Pres Bush left office gold had gained about 220% over his presidency




In the first two years of his term stocks lost almost 45% of their value. At the beginning of 2008 the stock market was up by about 15% since President Bush took office,  As the financial crisis expanded, equities plunged and for the second time in his term stocks had lost about 45% of their January '01value'





This is now...
2012 Fox News Reporting On High Gas Prices (by Media Matters)


Gasoline


The Fox News pundits are correct when they say they gas prices have risen almost 160% since Pres. Obama took office




US Dollar



The USD has remained under pressure, but is 13% higher than the Bush lows.














The bull market in gold has continued during Pres Obama's term, jumping as much 110% from  when he took office January '09. Gold has pulled back from its high but it is up 83%.




The stock market was still in a free-fall when Pres Obama took office and stocks lost almost 20% of their value before the effects of the stimulus programs kicked in. Equities rallied until mid 2010 then had a small retracement. The rally resumed and stocks posted a new high for the move before pausing and pulling back once again. As of this writing, stocks are testing the post-crash highs of 2011.




Anyway, all I can say is...Thank Goodness For Organizations Like "Media Matters" as they continue to point out the fallacies that flow from Fox.