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Divisive President, Funny Headline, Housing Crisis And Retirement Whiskey

August 6, 2010 by  

*”Our divisive president.” That’s not my description (although I certainly agree with it). It comes from two top Democrat Party activists and insiders. In an op-ed piece in the Wall Street Journal last weekend, Pat Caddell and Doug Schoen wrote: “Mr. Obama has divided America on the basis of race, class and partisanship. Moreover, his cynical approach to governance has encouraged his allies to pursue a similar strategy of racially divisive politics on his behalf.” I couldn’t have said it better myself.

*The funniest headline I’ve seen in weeks. This one comes from the Aug. 1 issue of The New York Times: “To Help Fellow Democrats in the Fall, Obama May Stay Away.” The piece goes on the explain that, to avoid the Democrats getting a total trouncing this November, President Obama and his handlers are making a list of districts where he won’t appear—the fear being that a campaign appearance may cost more votes than it gains.

*The housing crisis get bleaker. According to the latest numbers from the Census Bureau, thanks to a surge in foreclosures, more than 18.9 million houses in the U.S. now stand empty. Meanwhile, home ownership has dropped to just 66.9 percent of the population—the lowest number since 1999. Anyone see some encouraging signs out there? I don’t.

*A better retirement plan. “What whiskey will not cure, there is no cure for” goes an old saying. Apparently the makers of Johnnie Walker agree; Diego PLC, the company that owns the famous blend, says it is transferring 2.5 million barrels of aging whiskey to the company’s pension fund. This is part of a 10-year plan to help cure a billion-dollar deficit in the accounts there. Hey, if the checks stop coming, at least retirees will be able to drown their sorrows.

—Chip Wood

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.

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