Obama Is A Loser

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Nobody loves Obama? In her Wall Street Journal column last Sunday, Peggy Noonan pointed out “something I’ve never seen in national politics.” The lady has seen a ton of stuff (and read about more) since her stint as speechwriter for Ronald Reagan. So what is it that’s surprised her now? “It is that nobody loves Obama.” Oh sure, he’s got plenty of supporters. Even some fanatical loyalists. But they’re all grim about it. What’s going on? Peggy’s conclusion: “He is a loser. And this is America, where nobody loves a loser.” Let’s hope she’s proven correct next November.

We need more people who pay taxes. Note I didn’t say who pay more taxes.  Not at all. I’m talking about the 52 million Americans who filed a tax return in 2008 (the most recent year for which data are available) but paid not a penny in taxes. In fact, thanks to various tax credits and giveaways, many of them actually received money from Uncle Sam. This incredible situation is making me more sympathetic to abolishing the income tax — and replacing it with a national sales tax. But please note, I’m saying instead of, not in addition to.

What’s in a rating? Representative Ron Paul mentioned that losing its AAA rating would mean the government would have to pay more to issue new debt. But he then pointed out: “This is not altogether a bad thing. Higher borrowing costs will ensure that the government cannot continue the same old spending policies.” Way to look for the silver lining, Ron.

–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.