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.
I wondered how long it would take for someone to raise the issue of racism in this year’s Presidential election. The answer came sooner than I expected. Last week, The New York Times ran the headline “4 Years Later, Race Is Still Issue for Some Voters.”
Obama having trouble raising big bucks. The headline in The New York Times read “Obama Sees Steep Dropoff in Cash from Major Donors.” It looks like the big givers aren’t opening their wallets as they did in 2008. This time, most donors are giving less than $200 each. While the total lags behind the record amounts he collected in 2008, Barack Obama’s war chest is predicted to hit $1 billion this year — far more than Mitt Romney will have on hand. The President has already appeared at more than 100 fundraisers in the past year.
Well, hot diggity dog. At least one mean-spirited, overzealous Washington regulator got what was coming to him this week. Al Armendariz, a regional director of the Environmental Protection Agency, was forced to quit his job when some of his intemperate remarks got publicized.
Obama is busy raising campaign funds. Although Barack Obama condemned “the corrosive influence of money in politics” in his State of the Union speech this year, it turns out that he wants to get his hands on as much of it as possible. A new book by Brendan J. Doherty, The Rise of the President’s Permanent Campaign, says that Obama has held more re-election fundraising events since taking office than the combined total of all five of his predecessors in the Oval Office. Doherty found that as of March 6, Obama had held 104 fundraisers.
Thanks for the laugh, Jay. Jay Leno cracked me up last week with this observation in his opening monologue: “President Obama released his tax returns. It turns out he made $900,000 less in 2011 than he did in 2010. You know what that means? Even Obama is doing worse under President Obama.”
Last week in this space, I predicted that this year’s Presidential contest would be the dirtiest in our history. Guess I should have added that some of the attacks against Mitt Romney, the presumptive Republican nominee, would also be among the silliest we’ve seen.
Our do-nothing Senate. One of Barack Obama’s most popular campaign themes this year will be to denounce a “do-nothing” Congress. But in fact, the Republican-controlled House has passed plenty of important legislation, including tax cuts, jobs bills and a budget. It’s the Democratic-controlled Senate that’s been sitting on its hands. A report from the Secretary of the Senate said last year’s group is among the least productive in 20 years, with fewer bills passed, fewer roll-call votes taken and fewer amendments introduced. I guess we should be glad we’re not getting all of the government we’re paying for.
With his three wins earlier this month in Wisconsin, Maryland and Washington, D.C., Mitt Romney all but clinched the Republican nomination for President. The political pundits promptly announced that the 2012 campaign for the White House could finally get under way.
Green Company Goes Into The Red. When the Department of Energy agreed to lend Solar Trust of America $2.1 billion, Secretary Steven Chu said the solar project would create “1,000 direct jobs [and] 7,500 indirect jobs.” It turns out the actual number of new jobs will be closer to zero. Last week, Solar Trust declared bankruptcy.
What gets my goat is when someone celebrates receiving a tax refund. People act as though it’s manna from heaven. I tell them the truth: By overpaying their taxes, they have in effect been giving a profligate and wasteful government an interest-free loan.