Speaking to “a group of his wealthier Golden State backers at a San Francisco fund-raiser,” on a Sunday in April 2008, one presidential candidate slimes small-town America as bitterly clinging to their guns, bigotries and bibles. The media listens in, but decides to keep a lid on the rant, because, in the words of a reporter who like the rest was rooting for the candidate, she “didn’t want to bring down the campaign.”
Four years later, another presidential candidate states a few plain facts about an electorate of which “47 percent ‘will vote for [Obama] no matter what’; “who are with him,” no matter what, “who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it”; who regard as an”entitlement” the fruits of another man’s labor, and think “government should give it to them,” and who “will vote for this president no matter what… people who pay no income tax.”
The same reporters who refused to pull back the curtain to reveal Obama’s contempt for small town Pennsylvania are hyperventilating over Mitt Romney’s unvarnished assessment of a large portion of the Democratic Party’s constituency.
concern about the growing number of people who are dependent on the federal government, including the record number of people who are on food stamps, nearly one in six Americans in poverty, and the 23 million Americans who are struggling to find work.
Draw your own conclusions from the fact that kingmaker Karl Rove, the man behind much of the Bush presidency, has never stopped being star and guru to conservatives and establishment Republicans.
As the grand dame of the conservative movement, Phyllis Schlafly, said: “Karl Rove has made himself toxic to Republicans by his incredibly offensive and dangerous statement suggesting the murder of Congressman Todd Akin of Missouri. Any candidate or network who hires Rove will now be tarnished with this most malicious remark ever made in Republican politics. … Rove has been calling on Todd Akin to resign, but the one who should resign because he made an embarrassing, malicious and downright stupid remark is Karl Rove.” [Joseph Farah]
First they accuse him of being too stiff and inhibited. Then, when he loosens up and does some impromptu stand-up, bloody liberals squeal that Mitt “Romney’s ‘birther’ line was no joke.”
Yes it was a joke. And a funny one at that. Romney kidded to a crowd in Michigan that, “No one’s ever asked to see my birth certificate. They know that this is the place that I was born and raised.”
That’s funny. Now get off your knees Mitt Romeny and quit apologizing for joking, for doing a hard-day’s work, for making money, for exercising the prerogatives of private property and the fiduciary duty of a CEO managing private property and firing people, for investing wisely and utilizing tax havens (blessed places that they are), on and on.
Get off your weak knees, man!
For your edification, the story about Mitt’s “naughty” joke ran as a top news headline on all the liberal websites. Breaking News.
American cable commentariat is dominated by horrible bimbos, sporting big hair, overbites, and grating voices that sound as though they’ve been squeezed from the other end of the woman’s anatomy (to use a Greg-Gutfeld analogy I’ve refined). That’s the ubiquitous TV tart’s better angle. Even when these females are kind-of on the right side of the issues, they are boring, second-handers, who spout mind-numbing banalities with great confidence. (I don’t know how a husband or boyfriend puts up with That “Creaky Voice.”)
Unlike the practically unknown Dominic Frisby, the teletart’s assets are not between her ears.
Why can’t cable hosts be more like Max Keiser? Notwithstanding his program’s many idiosyncrasies—lefty nooks and crannies and conspiracy theories—RT’s Keiser Report always introduces its viewers to highly intelligent, often original, individuals who have a great deal to impart and add.
“…gold pays no interest. True. But then, nor does cash – unless you lend it to people. The world needs to realise that by putting cash in the bank you are lending it. Gold can pay interest – if you lend it out. And lots of people do (though for what purpose I cannot say). But in this environment of negative real rates (when the central bank rate of interest is below the rate of inflation), who gives a hoot about interest anyway? 1 or 2% interest. Whoopee-do.”
[SNIP]
Exactly. You lose money by keeping cash. Anyone with some savings knows that you might as well not have them, if you are after the yield on your savings.
…Next, there’s this idea that “gold has no use”. Really?
Gold has very little industrial application, yes. It’s too expensive. But no use? Gold, unlike bubbles and government bonds, lasts forever. This makes it a highly effective form of money, as I’m about to explain.
But how can gold be money, runs the next argument, when you can’t go into a shop and buy stuff with it? Absolutely. You can’t.
Err … actually, you can. The gold sovereign is still legal tender. But it only has a face value of one pound, when it’s worth over £250. You’d be a plum if demanded that some poor shopkeeper accept it as payment. (And he’d be a plum if he refused it). But I’m splitting hairs.
As a day-to-day medium of exchange, gold has never found much use. A piece of gold the size of a penny (about £125 or $200 in today’s money) contains too much value for anything other than expensive transactions. Copper, nickel, silver, paper and now digital money have all found far more prolific use.
But to assert that you can’t buy stuff with it therefore it isn’t money, is a facile and ignorant argument. Money is more than just a medium of exchange. Indeed, this is just one of the three essential functions of money: it also has to act as a store of wealth and as a unit of account.
It is gold’s very inert, intrinsic, eternal uselessness – and we have Mother Nature to thank for that – that makes it such an effective form of money. It has no other function other than to be a store of wealth. Even its use in jewellery is an extension of that function – to store (and display) wealth.
Governments can’t print gold, they can’t ‘quantitatively ease’ it, they can’t loan it into existence. They can’t debase it the way they do their own currencies. It just stays there, unconsumed, forever. Which all means that gold is constant – and therefore an excellent unit of account, far better than government money.
Max Keiser stepped in to correct the record about Buffoon Buffest’s stock, which has been down 90% versus gold over the past 10 year.
