Chip Wood Archive
Chip Wood is the geopolitical editor of PersonalLiberty.com. 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. Email this author.
Betting on politics. Hey, guess what? It turns out that when people put their money where their mouths are, they’re more accurate than a polling company. Intrade, an online website based in Ireland, lets people bet on who will win one of our elections. In the 2004 Presidential election, its bettors correctly guessed the winner in every single State. In 2008, they got all but two States right. Now, Intrade clients are betting that Mitt Romney will win the Republican nomination, but that Barack Obama will beat him in November. They’re betting cold, hard cash that they’re right. We’ll see.
Now, the gloves are off. But Republican challengers for the White House aren’t throwing their hardest punches at Barack Obama. No, they’re flailing away at each other.
Motivated citizens block new law. Well, what do you know? Two bills aimed at stopping online piracy were supposed to sail through Congress. But Internet giants Google and Wikipedia and others protested that the measures would turn them into “police officers for the Justice Department.” Wikipedia even went dark for a day. So many people contacted their Congressmen that the Stop Online Piracy Act and the Protect IP Act are dead in the water — at least for now.
The Supreme Court not only rebuffed another attack on our Constitution by Barack Obama’s minions, it did so in a unanimous decision. Hooray for the Court! In years past, Justices haven’t always done a very good job of defending the Constitution’s limitation of government. But they got it right this time.
Raising the debt ceiling… again. Barack Obama has notified Congress that the debt ceiling needs to be raised by another $1.2 trillion. Don’t expect a big tussle this time, however. The increase is permitted under the Budget Control Act. Lawmakers have the ability to vote against debt increases, but they cannot actually block them.
Guess what? Barack Obama has found an opponent whose approval ratings are even lower than his own. So to kick off his re-election campaign, he’s decided to run against Congress.
The Hillary Clinton bandwagon. The New York Times seems determined to get Hillary Clinton back in the White House. The latest foray was a column by Bill Keller, The Times’ executive editor from 2003 until last September. In “Just the Ticket,” Keller says to forget about persuading Barack Obama to step aside; that won’t happen. Instead, he wants to move Joe Biden over to the State Department and make Hillary the Vice Presidential nominee. Keller says his proposal would do “more to guarantee Obama’s re-election than anything else the Democrats can do.” Plus, “it makes Hillary the party’s heir apparent in 2016.” Oh, goodie.
Who frightens you? Are you more scared of big business or government? Although Hollywood loves to portray American businessmen as evil incarnate, and Barack Obama continues to rail against the “millionaires and billionaires” who don’t pay “their fair share” of taxes, a new Gallup poll says the public isn’t buying it. While 26 percent of the public agreed that “big business” was a threat to the country, more than twice that number — 64 percent — said government is the bigger threat.
The biggest lie of 2011 was “We’re going to cut spending.” After more than two years of operating without a budget and just before heading home for the holidays, Congress finally passed an omnibus spending bill for Fiscal 2012. The 1,221-page beast calls for the expenditure of more than $1 trillion, yet doesn’t reduce Federal spending by a penny.
I’m not going to review all the dastardly lies, misstatements and gross exaggerations Barack Obama has made since he assumed the highest office in the land. No, for now I want to mention just two of his most recent assaults on the truth. I’m afraid they will set the tone for what may be the dirtiest political campaign in our country’s history.