Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Saturday, April 03, 2010

Screwing Around With $50

Count me out among those who are pushing to have Ulysses Grant replaced with Ronald Reagan on the $50 bill.
Representative Patrick T. McHenry of North Carolina wants President Ronald Reagan’s likeness to replace that of President Ulysses S. Grant on the $50 bill.

But the bill introduced by Mr. McHenry and 17 co-sponsors, the majority from Southern states, has run into a hornets’ nest of opposition from Ohio lawmakers who will not stand still for any slight to their home-state hero.


Of course, those Southerners are clever folks. It could just be coincidence that the $50 bill was chosen. And what a coincidence that would be.
Among other things, Grant also signed the 15th Amendment (a measure that [Keya] Morgan, [founder and author of the Grant Homepage, the largest collection of Grant material in the world], said made Barack Obama's presidency possible)


Among those "other things" that Grant did: he signed the law making Christmas a national holiday. (I wonder if the pro-Reagan currency folks would be willing to trade that perk in exchange for the smiling Gipper on a fiddy.)

There hasn't been enough time for the policies of the Reagan administration to be revealed as the disasters they were. A lot of us see it now as we saw it then. But millions more Americans apparently need a few more decades (or centuries) to see the effects of trickle-down economics and other policies of the Reagan era.

Also, I'm already feeling old enough as it is. I've been quite content to live my entire life seeing faces of dead presidents I never knew as living breathing people. The last thing I need to experience is seeing Ronald Reagan on my currency, even if I rarely have my hands on a $50 bill. Having one of those in my wallet is about as common as having a Kennedy half-dollar coin in my pocket.

I simply don't wish to be reminded of the 1980s. Nor do I have any desire to proudly show someone the Reagan portrait on a $50 bill and say, "I once saw his wife speak," or, "I was already an adult when he was shot." No thanks. It's bad enough being older than a current sitting president.

Reagan had charisma. Politics aside, I guess he was a likeable guy even though I didn't know him personally. But his two terms in the White House scarred this nation and I can think of many more people whose portraits would better dignify a $50 bill than Reagan.

Here's an idea. We already have trouble getting the $2 bill into circulation, despite tens of millions of them languishing in banks. Put Thomas Jefferson on the $50 bill -- he deserves a promotion, and give Reagan a shot on the $2 bill. [Poor choice of words but no pun intended.] Not only would it be a more accurate monetary reflection of his contribution to the nation, but the conservatives -- and particularly Southerners -- would suddenly be lining up at the banks to trade in their $1 bills and put the maligned $2 bill into general circulation. And for them it would be like a two-fer deal: it could double as a blow to Honest Abe and rub a little salve into their still-festering wounds from losing the Civil War.

Boy oh boy, then if we could only find a way to return to the days of the three-fifths compromise, that would solve the problem of that Kenyan-born, Socialist, Marxist, gun-melting Islamic Negro keeping the black folks in their rightful place.

Thursday, July 30, 2009

Sarah Palin: Radio Vixen

I can't help but wonder if Sarah Palin really wants to be President of the United States of America (I'm sure she wouldn't turn it down) or if winning the lottery by virtue of being picked as John McCain's running mate has simply fueled an insatiable desire for being in the limelight, and making money. Tons of it if she can just get herself a damn talk show on radio.

God knows she loves to talk and tweet. And $100 million, $200 million, whatever salary she could procure, even $20 million, pays a hell of a lot better than being governor of Alaska.





I almost wish someone would hire her so we could keep Captain Kirk in a paying gig to offset the madness.

Monday, December 01, 2008

My 100-Cents Worth

The US Mint is working on another design in a series of the dollar coins which most people have never seen unless the have used a vending machine at the post office which dispensed an amount of change greater than a dollar.

Austin has been selected as one of the cities where the dollar coins are being aggressively marketed. I've heard a number of promotional ads on the radio for the coins. And all this strikes me as odd. The United States Mint has faced a steep uphill acceptance battle ever since is released a redesign of the $2 bill back in the 1970s.

The government is spending money to persuade people how cool it is to use the new dollar coins, and expecting them to go the extra mile to visit a bank and request them and spend them, only to have them tossed in the back of the till by merchants and ultimately returned to the banks where the process theoretically renews itself.

This is a foolish waste of money and it won't work. Furthermore there is an easy solution to this problem which would require far less marketing and would save us $318 million annually. Maybe.

The obvious logical solution is to phase out the paper dollar entirely which would result in dollar coins being put to use immediately. The paper dollars have a very limited lifespan of just a few months whereas the coins last many years thus offsetting their higher production cost.

Of course, konagod always like to stir the pot even more. I would utilize the $2 bills to replace the dollar bills. There are millions of them printed already, sitting in vaults. What a waste. And what's the point? Sometimes I think we like to print currency and mint coins just for the hell of it.

If a dollar coin and a $2 bill still don't provide you with enough spending variables, well, there's always the half-dollar which weighs probably twice as much as the dollar coins, and for some odd reason is still being minted.

Corn, beans and squash — the “three sisters” of Native American agricultural tradition — will appear on the nation’s one-dollar coins next year, in a design to be announced Friday by the United States Mint.

By the dictates of an act that Congress passed last year, the reverse side of the gold-colored Sacagawea dollars will bear a new design each year starting in 2009, as part of a thematic series showing Native American contributions to the history and development of the United States.


Another day, another dollar.