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Mainstream Media Bias, Wages In D.C., Texting And Stimulus Waste

October 22, 2010 by  

*This is what the media calls the mainstream? Did you hear about the exciting rally the Democrats held in Washington last week? Neither did I. But some 400 groups participated, including the Communist Party USA, the Democratic Socialists of America, the National Council of La Raza, and even one called Queers for Economic Justice. None of them were called “leftist” by CNN or The New York Times, of course. They save their political epithets for those of us who prefer the right-hand side of the street.

*Guess whose residents make the most money? I’ve written before about the average wage of a government employee these days. Counting all the perks and benefits, it’s now double that of someone in private enterprise. And here’s another shocker: The median income of residents of Washington, D.C., is $85,198 — the highest of any city in America. That makes sense: This country’s greatest growth industry is government.

*Y U Luv Txtng. That was the clever headline in a Wall Street Journal story a few days ago. Among the interesting statistics were the following: Two out of three adults sleep with their cell phones next to their beds. One out of six cell-phone owning adults admits walking into a person or object while talking or texting. And the one that really gave me pause: The average teenager sends and receives a total of 3,339 texts each month. When do they have time to do their homework?

*In Chicago they get to vote, too. The more we learn about Obama’s $862 billion stimulus bill, the worse the news is. Recently The Associated Press reported that 72,000 stimulus payments, worth more than $18 million, went to dead people. Another $4 million in stimulus checks were sent to some 17,000 prisoners. But here’s the good news: Officials say they have recovered about half of the funds. Gives a whole new meaning to Joe Biden’s talk about a “summer of recovery,” doesn’t it?

— Chip Wood

Chip Wood

is the geopolitical editor of 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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