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Romney v. Obama? You Betcha!

February 3, 2012 by  

Betting on politics. Hey, guess what? It turns out that when people put their money where their mouths are, they’re more accurate than a polling company. Intrade, an online website based in Ireland, lets people bet on who will win one of our elections. In the 2004 Presidential election, its bettors correctly guessed the winner in every single State. In 2008, they got all but two States right. Now, Intrade clients are betting that Mitt Romney will win the Republican nomination, but that Barack Obama will beat him in November. They’re betting cold, hard cash that they’re right. We’ll see.

The big bucks support Democrats most of the time. The mainstream media love to write about the hefty donations that go to Republicans. But when the Center for Responsible Politics looked at political donations from 1989 to 2012, it found that the really big bucks went mostly to Democrats. Would you be shocked to learn that three of the top six givers were unions?

The high cost of Obamacare. Thanks to Andrew Puzder, CEO of CKE Restaurants, which owns Carl’s Jr. and Hardee’s, for warning what Obamacare will do to his company’s ability to create jobs. A healthcare consultant “estimated that when the law is fully implemented,” he wrote in an opinion piece for Bloomberg, “our health-care costs will increase about $18 million a year.” Unless Obamacare is repealed, Puzder warned: “Our ability to create new jobs could vanish.”

Quote of the week. This one comes from Senator Jeff Sessions (R-Ala.), who denounced efforts by Democrats to move military spending to Medicare. He said, “Only in Washington can you increase spending and call it a cut. This is the kind of fraudulent accounting that has caused Americans to lose faith in Washington.” Right on, Senator.

–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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