Presidential Disrespect, Ambassadorial Pat-Down, Spending And Charity


*They said WHAT about their leader? Seems a whole bunch of Democrats in Congress are upset with President Barack Obama about his compromise with Republicans over extending the Bush tax cuts. Heck, even Obama seems upset with Obama! But not to the extent of some Dems in the House, who chanted “Just Say No!” when they caucused. In fact, one even yelled out, “F*** the President.” Imagine the outcry if a Republican had done this.

*No way to treat an ambassador. Did you hear that India’s ambassador to this country was subjected to a very intimate pat-down by Transportation Security Administration officials when she tried to fly back to Washington, D.C., last week? Meera Shankar had flown to Jackson, Miss., to deliver a speech on international relations at the university there. When she tried to clear security for her return flight, TSA officials subjected her to the same humiliating searches many Americans have endured. Officials at the Department of Homeland Security said their people acted properly.

*More proof of government’s irresponsible spending. Households and businesses in America not only didn’t borrow more in 2009, they actually started paying off debt. That’s not true of government at any level. According to the Federal Reserve’s Flow of Funds report, households reduced their debt by 1.7 percent in 2009. Businesses did even better, reducing their debt by 2.3 percent. State and local governments, on the other hand, increased their debt by 4.9 percent. Uncle Sam was the biggest porker of all. Federal debt grew an alarming 22.7 percent in the same period.

*The most generous Americans. I’ve written before on how amazingly generous we Americans are. No other country begins to match our charitable giving. But here’s an interesting addition to the data: It turns out that the most religious among us are also the most generous. Among the top 20 percent of believers, 94 percent gave to charity within the past year. Their total giving averaged $3,000 per person. The most secular 20 percent of Americans were also generous, but not nearly as much. Some 64 percent gave to charity in the past year, with average giving of $1,000. And one last point: While giving nationally has fallen 11 percent since the financial crisis began, charitable contributions to religious groups have dropped only 0.1 percent. That’s quite a difference.

–Chip Wood

Personal Liberty

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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