Monday, September 22, 2008

Kern County California

This photograph was taken in 1939 and shows a carload of migrant workers on their way to look for work in the San Joaquin Valley. The picture was taken on US 99 in Kern County, California. The car appears to be from the 1920's, but I am not sure if it is a Model T or not.

Well, I guess we will learn more about the Government's bailout program for the financial institutions. It sounds like they are going to print up $700,000,000,000 to try and cover just about all the bad loans in the country. If it is like most things, it will end up costing twice as much as they think. It is really scary to me . . . every time they print money like this, it gets easier and easier.

3 comments:

  1. My middle name is "Kern" - I'm going to have to do some digging to find out where my maternal grandparents were from...
    So enjoying you blog...
    ~Mad(elyn) in Alabama
    www.xanga.com/madewyn

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  2. About the "printing" of money: in reality, they can't just create it to cover the debt. They have to sell government bonds in that amount. They are deficit spending, and it is the American people, in the form of purchased bonds, that generates that revenue. Of course, the money will not actually be printed for the transaction. It will be an electronic transfer of the sum from one institution to another. It will exist only in cyberspace, as the Feds will not necessarily increase the amount of cash in circulation.

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  3. fantastic photo, aesthetically very pleasing. these old black and white photos have atmosphere which colour photos sometimes lack. thanks for sharing.

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