In track, a gun is fired to signal the start of the race. If a runner leaves the block before the starter fires his pistol, it is called jumping the gun. The Republican race for a Presidential nominee seems to have started already, but I want to caution you about jumping the gun. By that, I mean don’t glom onto the candidate flavor-of-the-month until you have vetted him or her properly.
During Vice President Joe Biden’s trip for Chinese takeout, he managed to entangle himself in the ChiComs’ infamous “one child policy“ (OCP). While addressing a crowd at Sichuan University, Biden warned of the potential approach of an entitlement crisis in the Land of the Panda.
As the price of gold continues to rise (gold topped $1,900 per ounce on Tuesday), there has been a lot more noise on the Internet and occasionally in other media warning about the run-up in gold prices being a financial “bubble.” This couldn’t be more wrongheaded.
For the amount of controversy it has generated, you might think President Barack Obama’s latest vacation involves 10 or so days in the sunny climes of Havana or Caracas, Venezuela. Everyone from Jon Stewart to Pat Buchanan has noticed the fact that if the President plays hooky one more time, he’s going to have to take a vacation from all the vacations he’s taking.
Despite the best efforts of the mainstream media and the Republican apparatchik to ignore him or paint him as a kook, Representative Ron Paul can win the Republican nomination. The MSM is finally recognizing that Paul’s message of liberty, sound money and ending foreign intervention is resonating with a growing segment of the American electorate.
The dust from the Ames Straw Poll continues to settle, and the outflow from a big weekend in politics is decidedly worth a gander, with news on Texas Governor Rick Perry, Minnesota Governor Tim Pawlenty, Congressman Ron Paul of Texas, Congresswoman Michele Bachmann of Minnesota and even President Barack Obama.
The Joint Select Committee on Deficit Reduction, created by the Budget Control Act of 2011, has powers never before given to a single group in Congress. The question is: Will this Joint Committee have the political muscle — or the will — to make substantial changes to the national deficit?
Last week, NAACP President Ben Jealous, in Los Angeles to address the group’s 102nd annual convention, railed against voter ID laws, claiming that efforts to ensure ballots are not cast fraudulently are racist. According to Jealous, voter ID laws are among “the last existing legal pillars of Jim Crow” and are pressed by “the worst and most racist elements” among conservatives.
The United States Department of Agriculture knew a dangerous form of salmonella was present at a Cargill, Inc. turkey plant but did not inform the company until after one person died and 77 others were sickened by the bacteria. Cargill and the USDA announced the recall of ground turkey from the Cargill plant in Springdale, Ark., on Aug. 3. It was the third-largest meat recall in history and involved 36 million pounds of ground turkey.
Gold’s explosive move to new nominal heights reflects more than an expansion of the European sovereign debt crisis and Standard & Poor’s downgrade of U.S. debt. It also reflects the expectation of massive liquidity injections — in the U.S., in Europe and around the world — to pay off the massive debts that have been accumulated.