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An Expensive Election

May 27, 2011 by  

*The most expensive election in history. That’s what pundits expect the 2012 presidential race to be, with estimates that the Obama campaign will raise — and spend, of course — more than $1 billion. Three of the top five Democratic donors last year were the Service Employees International Union (SEIU), the National Education Association and the American Federation of State, County and Municipal Employees (AFSCME). Can anyone spot what they all have in common?

*Why don’t they practice what they preach? How many times have you heard a wealthy liberal say he thinks he should pay more in taxes? It’s a regular pronouncement from Warren Buffett, George Soros, Bill Gates Sr., Mark Zuckerberg and even Barack Obama. But how many actually do pay more, by making extra contributions to Uncle Sam? As far as I can determine, the answer is a big fat goose egg. What’s stopping you from putting your money where your mouth is, guys?

*Turning a movie into a Disney ride. Is there a movie theater near you equipped with D-Box seats? I haven’t experienced one yet, and it will probably be a while before my hometown has one. But apparently these seats — which cost $10,000 each — pitch, roll and vibrate to accompany the action on the screen. I don’t know how they do it, but I’m told the seats can generate up to 2Gs of force. Will they be worth the extra $8 theaters will charge for the experience? You tell me.

*Hey, Congress, start trimming here. While you contemplate how much your stocks have gone up in the past 10 years (for most people the answer is “zero”) and your salary (the average annual increase is less than 4 percent), consider this: Military spending since 2001 is up more than 70 percent in inflation-adjusted dollars. It’s not going to our fighting forces, of course; military pay still stinks. It’s the bureaucrats and their toys that rack up the big bills.

—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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