What Obama Should Do and Shouldn’t Have Done, a Deficit and Ted Turner

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*What Barack Obama should do. A Straight Talk salute to Liz Cheney, daughter of former Vice President Dick Cheney, for the best suggestion I’ve heard regarding Obama’s acceptance of the Nobel Peace Prize. Here’s what she said: “What he ought to do, frankly, is send the mother of a fallen American soldier to accept the prize on behalf of the U.S. military, to remind the Nobel committee that each one of them sleeps soundly at night because of the greatest peace-keeping force in the world today.” Right on, Liz. Too bad there’s not a chance in a million he’ll do it.

*And what our president shouldn’t have done. I’ll admit this could be a very long list. But I’m thinking specifically of his decision to renege on a commitment to attend ceremonies in Germany next week, marking the 20th anniversary of the fall of the Berlin Wall. This was one of the greatest symbolic victories of freedom over communism in my lifetime. I’m sorry and a bit ashamed that our president thought going to Copenhagen to lobby for the Olympics in Chicago was more worthy of his time.

*The biggest deficit in 60 years. The U.S. Treasury Department reported that the budget deficit for fiscal 2009, which ended Sept. 30, hit the astronomical total of $1.4 trillion. The number is the most red ink we’ve incurred since World War II and represents 10 percent of the gross domestic product of this country. That’s our money they’re using to buy those votes, friends.

*The “Mouth of the South” on getting by. Ted Turner says things just aren’t the same for him anymore. He’s lost CNN, the Atlanta Braves, Jane Fonda and much of his money. But he adds, “You know, if you economize and don’t buy new airplanes or long-range jets, or that sort of thing, you can get by on a billion or two.” Thanks for the inspiring advice, Ted.

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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