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.
A flood of disabled workers. Here’s a statistic that should worry every taxpayer in America. While the economy has created 2.6 million new jobs since June 2009, in the same period an astounding 3.1 million people have been granted disability benefits. In other words, the number of newly disabled is growing 19 percent faster than the number of new jobs in this country.
More Democrats distance themselves from Obama. It looks like there could be a lot of empty chairs at the Democratic Convention in Charlotte, N.C., in September. The latest defections include three Democratic Congressmen from the State hosting the convention. U.S. Representatives Hayden Rogers, Mike McIntyre and Larry Kissell say they’ll be too busy campaigning to show up. Even more embarrassing for the national ticket, the three men have declined to endorse Barack Obama for re-election.
Elections have consequences. One of the biggest consequences of the next one is that whoever wins the Presidency will probably get to appoint two or three new members to our Nation’s highest court.
The bill’s defenders of Obamacare were desperately afraid that the Supreme Court would rule against Obamacare. When it didn’t, they were ecstatic. But their glee won’t last for long. Two things are going to happen that will turn their rejoicing into anguish.
No justice at Justice. Surprise, surprise. The Justice Department announced last Friday that it will not prosecute its boss, Attorney General Eric Holder, for contempt of Congress. Deputy Attorney General James Cole sent a letter to House Speaker John Boehner declaring that “We will not prosecute an executive branch official under the contempt of Congress statute for withholding subpoenaed documents pursuant to a presidential assertion of executive privilege.” What happens now? My bet is a lot of bluff, blustering and rhetoric, but not much else.
Finally, Obama said something I agree with. President Barack Obama was roundly criticized for his long, disjointed and uninspiring speech on the economy two weeks ago. But he said something in his conclusion that I’m sure most conservatives would agree with: “Your vote will finally determine the path that we take as a nation — not just tomorrow, but for years to come.”
I predict that it’s just a matter of time before Eric Holder is no longer our Nation’s top law-enforcement officer. Holder’s bungling mismanagement of the Fast and Furious crisis, followed by his outright defiance of Congress, is reason enough to color him gone.
Barack Obama needs all the Latino votes he can get. So a few days ago, he decided to heck with Congress and our Constitution; he’d just issue an edict to change the rules. Once again, our President announced he is going to ignore the law of the land and do whatever he wants.
Another recession coming? The non-partisan Congressional Budget Office confirmed something I wrote about in Are You Ready For Taxmageddon. The CBO estimates that if the George W. Bush-era tax cuts aren’t renewed at the end of this year, our economy will contract by 1.3 percent in the first half of 2013. Gross domestic product is already pretty anemic, increasing just 2.2 percent for the first quarter of this year.
Labor losses are mounting. I mentioned in Wisconsin Vote Stuns The Left how membership in the American Federation of State, County and Municipal Employees plummeted in Wisconsin once the State stopped taking union dues from their paychecks. But it turns out that union support is declining in other States as well. The Wall Street Journal reported: “In the 12 months ended in February, Ohio’s membership fell 8.5%, Pennsylvania’s dropped 3.4% and Michigan’s declined 11.7%.” Look for union clout to continue to decline as more and more States challenge their power and more and more members decline to pay their dues.