Year: 2012

I apologize to America’s young people, whose dashed dreams and dim employment prospects I had laughed at, believing these to be a direct result of their voting for Obama. On closer examination, it turns out that young voters, aged 18-29, overwhelmingly supported Romney. But only the white ones. According to Pew Research, 54 percent of […]

One of the big advantages that President Obama has, as he plays “chicken” with the Congressional Republicans along the “fiscal cliff,” is that Obama is a master of the plausible lie, which will never be exposed by the mainstream media– nor, apparently, by the Republicans. A key lie that has been repeated over and over, […]

Merry Crony-mas! It’s time to pass out the goodies. While President Obama’s lips champion the middle class, his administration’s old hands are preparing to lavish rewards on the creme de la campaign creme: his wealthiest political donors. Several media outlets reported this week that the White House is considering fashion doyenne Anna Wintour for a […]

With America’s “fiscal cliff” approaching, pundits wring their hands over the supposed catastrophe that government spending cuts will bring. A scare newsletter called “Food Poisoning Bulletin” warns that if government reduces food inspections, “food will be less safe … (because) marginal companies … (will) cut corners.” We’re going to die! Most people believe that without […]

Is there any reason for today’s Americans to care about what happens to tomorrow’s Americans? After all, what have tomorrow’s Americans done for today’s Americans? Moreover, since tomorrow’s Americans don’t vote, we can dump on them with impunity. That’s a vision that describes the actual behavior of today’s Americans. It would be seen as selfish, […]

If Hollywood remade “The Graduate” and set it in 1980, the one word the businessman would have for Dustin Hoffman’s character wouldn’t be “plastics.” It’d be “medallions.” That’s because the single greatest investment you could have made over the last 30 years isn’t in gold or silver or even Apple stock. It’s in New York […]

Wasn’t the U.S. defense budget supposed to be in for some belt-tightening by now? Whereas President Barack Obama’s predecessor, George W. Bush, waged war the old-fashioned way, with troops and tanks, Obama has been busy outsourcing the dirty work of protecting and furthering America’s interests to CIA drones, private contractors, local mobs with ties to […]

Until now, the work of the U.N. negotiators pondering how to regulate the Internet has been shrouded in secrecy. But as 1,950 delegates from 193 countries gather this week in Dubai to consider 900 proposals to regulate the Internet, their game is becoming clear. The Russian-educated head of the International Telecommunications Union (ITU), the U.N. […]

Gold appears to be headed for an impressive price appreciation for the second half of 2012. Since the beginning of July, gold is up almost 10 over the same time frame. What is noteworthy here is that in recent months, fears of a worldwide recession have increased markedly. It used to be considered axiomatic that […]

Despite all the talk you hear about the rich needing to pay their “fair share,” the United States already has the most progressive income tax in the entire Western world. Moreover, there is an enormous number of Americans in the middle class while there are very few super rich. What that means is that as […]

“I believe the NRA is the new KKK. And that the arming of so many black youths, uh, and loading up our community with drugs, and then just having an open shooting gallery, is the work of people who obviously don’t have our best interests [at heart].” –Sportswriter Jason Whitlock First of all, congrats to […]

Amid all the political and media hoopla about the “fiscal cliff” crisis, there are a few facts that are worth noting. First of all, despite all the melodrama about raising taxes on “the rich,” even if that is done it will scarcely make a dent in the government’s financial problems. Raising the tax rates on […]