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Colbert Rips My Romney Joke
Yesterday, I made a crack at Mitt Romney: Does anyone else think that it’s funny that Romney grew up in Michigan, which State is shaped like a mitten? Mitt. Mitten. Get it? Stephen Colbert, of The Colbert Report and The Daily Show fame, thought so, too. He used a variant of the same joke in yesterday’s edition of the Report. Colbert postulated his law of electioneering, that voters will always choose the candidate whose name most closely resembles the state in which they reside. In light of this “law,” Colbert suggests that Giuliani ought to change his name to “Dangleschlong,” if he hopes to have any success in Florida. I should have obtained a copyright on that joke, then I could sue him, like those folks with the Christmas … Read entire article »
Catching Up Around the ‘Sphere
I’ve been absent for a few days, so I suppose it’s time to catch up. +++ Mitt Romney is celebrating a victory by wide margin here in Michigan. His television ads so far have been pandering to the UAW and automotive base, traditionally safe haven for the Dems. (Sidebar: Does anyone else think that it’s funny that Romney grew up in Michigan, which State is shaped like a mitten? Mitt. Mitten. Get it?) Among other things, he’s been promising “investment” by which he really means “subsidy,” and peddling all sorts of nationalist economic mercantilism. The son of a former car-company chief, Romney pledged billions in Washington aid to bolster automakers. And his anti-Washington, pro-change message resonated with Republicans in the state whose economic fortunes have declined … Read entire article »
Filed under: American Politics, Anarchy!, Blog Reactions, Economic Fallacies, Election, Rants
Gold Hits $900 on Pledge to Inflate
Time reports: [D]riving gold higher was Federal Reserve Chairman Ben Bernanke’s pledge Thursday to cut interest rates to boost the economy, which some fear may be sliding toward recession amid turmoil in the housing and credit markets. I’ll continue swinging the hammer of economic truth as long as there exist people in the world who believe that printing money out of thin air is capable of creating real wealth. I’ve explained this concept, before. The FED can only lower interest rates by printing more money (or creating it digitally). All other things being equal, an increase in the money supply necessarily leads to increased prices. There’s a term for this monetary phenomenon: inflation. And inflation is a bad thing. … Read entire article »
Filed under: gold bugging