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A Terror Trial, Expensive Jobs and the Bomber’s Visa

April 15, 2010 by  

*Terror trial moved from New York City. After first saying he was okay with holding the trial of confessed al-Qaida terrorist Khalid Sheikh Mohammed in lower Manhattan, New York City Mayor Michael Bloomberg changed his mind and asked Attorney General Eric Holder to move it. The state’s senior senator, Chuck Schumer, and a lot of other politicos also jumped on the “not in our city” bandwagon. That was enough to convince the Obama Administration to pull the plug on a really bad idea. Officials are now scrambling to come up with a new plan. Here’s one: Let the military handle it. This should never have been moved to a civilian court in the first place.

*Man, those new jobs are expensive. Remember when Barrack Obama promised that if Congress approved his $800 billion “stimulus” package, unemployment wouldn’t go above 8 percent? Well, to quote an old country song, he got the gold mine and we got the shaft. Unemployment is now a minimum of 10 percent. Since people who’ve stopped looking for work and down-sized temps aren’t counted among the unemployed, the real number is undoubtedly much higher. Still, our President claims the stimulus has “saved or created” 2 million jobs. Let’s see, that means each new job cost us taxpayers about $400,000 each. Want to guess how long it will take each new worker to pay that much in taxes?

*Our “too little, too late” State Department. You may have missed the news that back in January the State Department revoked the visa of Umar Farouk Abdulmutallab, the Nigerian wanna-be bomber who tried to bring down a Northwest Airlines flight over Detroit on Christmas Day. Thanks guys, I feel much safer now.

—Chip Wood

Chip Wood

is the geopolitical editor of He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.

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