By Russell D. Longcore
The Nation: The story about the New Hampshire primary is not that Mitt Romney won. Any drooling moron knew that was going to happen. The story is Ron Paul in second place with 24% of the vote. Gingrich and Santorum weren’t even close, and Jim Dick Perry was only at about 1%. South Carolina is next, and anything could happen. Which leads me to…
The Nation II Newt “Tweedledum” Gingrich has some rich friends who started a super political action committee, or SuperPAC. They have produced and released a 28-minute video called “When Mitt Romney Came To Town.” It’s all over the Internet if you want to watch it. This propaganda piece has the potential to really hurt Romney. It paints him as a Wall Street corporate raider that took pleasure in buying companies, running them into debt, laying off most of the work force, and then letting the companies go bankrupt after Bain Capital cashed out. It never says one word about the big successes Bain Capital made. The movie is produced much like a Michael Moore picture, completely slanted to make a point. But Americans like videos and hate corporate raiders and Wall Street. If the message of the movie sticks to Mitt, anything could happen. Can you imagine seeing Ron Paul win a primary? Which leads me to…
The Nation III On Friday, a Federal judge ruled that Jim Dick Perry, Gingrich, Santorum and Huntsman may not appear on the Virginia Primary ballots. The only two candidates will be Mitt Romney and Ron Paul. Get ready, folks. Four years ago, few thought front-runner Hillary Clinton could be beat for the Democratic nomination.
International: In Beijing, China, hundreds of people lined up outside the flagship Apple store to buy the Apple iPhone 4S. They were turned away when the store ran out of phones. The news story said that upset shoppers pelted the store with eggs. Do you think this might have been staged? Think about it. Mr. Lee says to Mrs. Lee: “Honey, I’m going down to the Apple store to buy a new phone. Hand me a couple eggs, would ya?” Who takes eggs with them to buy a phone?
International II: Today, nine European countries received credit rating downgrades. Here’s a tidbit that you won’t see most places. The credit downgrade could easily cause defaults in major corporate borrowers. If your company borrowed money and pledged AAA government bonds as collateral…which is pretty normal…and your AAA bonds are now rated AA+, you are technically in default. The lender could call the loan, or demand more collateral. Either one could cause a borrower to go bankrupt. So here’s another layer of potential financial collapses that could domino the European system.
International III: More about European default, but this time…let’s talk about time zones. Most of Europe is six hours ahead of the Eastern time zone here in America…London is five hours ahead. If a cascading domino-effect market collapse happens in Rome or Athens when banks open in the morning…say 9:00…it’s still 3:00 am in New York…midnight on the West Coast. By the time the banks open in New York, the default has already been burning down Europe for six hours. Actually, the American banks would not open. They would declare a “bank holiday.” The world cable news networks would have been broadcasting the European collapse for six hours. The parking lots outside East Coast banks would be jammed with people desperate to get their hands on their money. Riots would ensue in a time zone wave from the East Coast to the West Coast. Doesn’t that sound fun?
Business: World oil prices dipped this week as two European Union officials said that the proposed Iranian embargo and sanctions are going to be put on hold for as much as six months. What does that tell you? First, that US Defense Secretary Leon Panetta is full of shyt. Second, that this is all about oil, not about who has nuclear weapons.
Shameless Plug: There are very few glowing and growing segments of the American economy. Energy is one of them. When I talk about “energy,” I’m talking about natural gas and electricity. As the population grows, the demand for energy grows. Energy is the last major monopoly to be deregulated, and deregulation is sweeping across America. And, when deregulation occurs there is a massive transfer of wealth from the monopolies to the new competitors. The energy business is the nearest thing you’ll find to a recession-proof business. Think about it. Energy is a life-essential service that everyone already had in their monthly budgets. Just imagine if you had an energy business in which you got paid a little profit every month when your customers paid their energy bills…just like the big guys get paid. Find out more about this business at MasterpieceEnergy.com.
Economy: Remember last week when all the network news shows gushed about the unemployment numbers dropping to only 372,000 that week? This week, 399,000 new unemployment claims were filed. THIS WEEK. And in my opinion, the only reason the number wasn’t above 400,000 was that the government cooked the numbers. I could be wrong. But 399,000 people that had jobs a week ago don’t have them this week.
Sports: OK. Last week I proved what a goober I am about the NFL. I predicted that New Orleans and the Packers would meet in the Super Bowl. I didn’t remember that they are both in the NFC. Maybe it will be the Saints and Denver. The Saints will still take home all the marbles.
Entertainment: A New York Philharmonic performance was brought to a standstill Tuesday night…by a ringing cell phone. Conductor Alan Gilbert was in the last few moments of the Mahler Ninth Symphony when a front-row audience member’s phone began ringing…and ringing…and ringing. Gilbert finally stopped the orchestra until the patron silenced his infernal phone from ringing. Apparently, the audience member was convinced that he was more important than the orchestra and a house full of people. This is the etiquette of the second decade of the 21st Century.
DumpDC. Six Letters That Can Change History.
© Copyright 2012, Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.