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Get It Through Your Thick Skull

January 11, 2013 by  

We’re getting tired as well, Mr. President. Speaker of the House John Boehner told Wall Street Journal columnist Stephen Moore that during negotiations over the fiscal cliff, he kept trying to tell the President that the Nation doesn’t have a revenue problem; it has a spending problem. Moore quotes Boehner as saying he repeated this message so often that the President finally responded, “I’m getting tired of hearing you say that.” Well, we’re getting tired of having to say it, Mr. President.

The high costs of wind subsidies. In an opinion piece in The Wall Street Journal, former Senator Phil Gramm gave an interesting comparison of the cost of various energy subsidies. Wind power tops the list, at a cost of $54.28 per one million watt hours generated. The same amount of electricity from nuclear power costs $3.10, from hydropower 84 cents, from coal just 64 cents and from natural gas 63 cents. Yet it looks like we will spend another $12 billion in wind subsidies this year. Why?

A costly break in a Presidential vacation. According to Newsmax, most of the Obama family’s vacations in Hawaii cost about $4 million, much of it for Air Force One. But when the President interrupted his Christmas vacation this year to fly back to Washington at the end of the fiscal cliff negotiations, the extra round trip added $3.4 million to this year’s tab.

Al Gore’s dubious deal. Current TV, the cable network founded by Al Gore and some friends, never caught on with the American public, averaging fewer than 40,000 viewers a night. But that didn’t deter the pro-Islamist network Al-Jazeera from ponying up $500 million to buy it. The sale will be worth about $70 million to Gore, who tried but failed to get the deal closed by Dec. 31 in order to avoid the higher tax rates that kicked in on Jan. 1. Gore reportedly will remain on the board of the new entity, to be called Al-Jazeera America.

–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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