Your Vote Matters

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Finally, Obama said something I agree with. President Barack Obama was roundly criticized for his long, disjointed and uninspiring speech on the economy two weeks ago. But he said something in his conclusion that I’m sure most conservatives would agree with: “Your vote will finally determine the path that we take as a nation — not just tomorrow, but for years to come.”

Food stamp use explodes. Remember when Bill Clinton bragged that his welfare reform was taking Americans off the dole? The Administration of Barack Obama sure has reversed that. At the end of fiscal 2008, the food stamp program cost taxpayers $34.6 billion. Today, the tab has more than doubled, to $78 billion, with one in seven Americans on the dole. And believe it or not, the Department of Agriculture is spending millions of dollars on an advertising program to get even more people signed up. They’ve even got a $500 million bounty to reward States for finding more participants.

Meanwhile, families’ net worth plummets. A report by the Federal Reserve says that the average American family’s net worth dropped almost 40 percent between 2007 and 2010. It went from a high of $126,400 in 2007 to just $77,300 in 2010 — a level last seen in 1992. Most of the decline was attributed to the sharp drop in housing values. Family income is also falling, from an average of $49,600 in 2007 to just $45,800 in 2010. Does anyone want to bet that things have gotten better in the past 18 months?

How much will this matter in November? What do Colorado, Florida, Michigan, Missouri, Nevada, North Carolina, Ohio, Virginia and Wisconsin have in common? First, they’re all considered toss-up States in the Presidential election. Whoever wins most of these electoral votes will undoubtedly win the White House. But second, they are all States where voters approved an amendment to the Constitution declaring that marriage is the union of one man and one woman.

–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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