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Snowmaggedon, George W. Bush, a Kennedy Goodbye and Obamacare

February 19, 2010 by  

*“Snowmaggedon” didn’t last long enough. With my apologies to many friends in the Washington, D.C., area who work at productive jobs in the private sector, let me say, I wish your city had been paralyzed longer. The only time I feel safe from government is when it’s shut down.

*“Miss Me Yet?” That’s the provocative question that’s appearing on many billboards in the Midwest—above a larger-than-life-sized picture of a smiling and waving George W. Bush. While I was no fan of Mr. Bush’s budget-busting social policies—or for that matter, his propensity to risk American lives in every two-bit banana republic around the world—I do have to admit, yes, our country was safer and our dollar was stronger when he was in office.

*Another Kennedy bids adieu. Rep. Patrick Kennedy, son of the late Senator Ted Kennedy, has announced that he will not seek reelection in Massachusetts this fall. Unless he changes his mind (or another Kennedy steps forward), this will be the first time in more than half a century that no Kennedy is serving in Congress. While his dad combined a powerful legislative record with a dissolute personal life, the son has only managed to copy his father on the second.

*Big-buck investors bet Obamacare is dead. Maybe the liberals in Washington still hope to pass some version of a socialized healthcare bill, but the big money is betting it won’t happen. How do I know? HCA Inc., the largest hospital operator in the nation, just agreed to pay out a special dividend to its owners of $1.75 billion. No way would these canny investors do that if they didn’t think their business is going to be very, very profitable. They don’t plan to live on what Medicare pays.

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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