Tough stretch for gold prices confirming again that gold is not liquid and when it is all said and done, people need dollars. Now the question is whether we are headed for a serious commodity correction.
This week’s get a life shout out goes to the group One Million Moms, a project of the American Family Association. These uptight twits are protesting Ben & Jerry’s new Ice Cream flavor Schweddy Balls, a play on the hilarious SNL sketch featuring Alec Baldwin as Pete Schweddy. Hey Moms if you want to protest something, why don’t you protest dead beat dad Tea Party congressman Joe Walsh of Illinois.
Do you need further evidence that President Obama is as big a friend to Israel as any of his predecessors? Look no further than the recent arms sale to the Jewish State. Obama approved the sale of GBU-28 Hard Target Penetrators or bunker busters, a request that Israel originally made to President Bush in 2005. What would Israel do with these deep penetrating weapons? Perhaps target underground weapons or research facilities. I think Ahmadinejad may need a deeper hole to crawl into.
This race to the GOP nomination resembles a beauty pageant for the challenged; challenged by facts, humanity, personality, leadership, ideas, electability, common sense, etc. Jeb Bush please pick up the red courtesy phone.
Russia is further descending into a banana republic as the political musical chairs between President Medvedev and Prime Minister Putin took a formal turn. It seems the two have agreed to switch jobs bringing Mr. Putin back to the Presidency while Medvedev becomes PM with all other ministers reporting to him, a prospect not welcomed by everyone. Aleksei L. Kudrin, the long-serving finance minister, said he would no longer work in the government if Medvedev became prime minister, citing what he said were irresponsible spending decisions by Mr. Medvedev. Several Russian officials said Sunday that they had no warning of the decision that Vladimir V. Putin planned to return as president after elections in March, which he is likely to win, and appoint Mr. Medvedev as prime minister, despite Mr. Putin’s assertion on Saturday that that deal had been sealed “several years ago.” Election rigging, corruption, oppression, no respect for property, false imprisonment, and coercion; time to cue Pete Townshend. Meet the new boss, same as the old boss.
Michelle Obama promoted the importance of girls pursuing careers in science, technology, engineering and math. In related news Sarah Palin, Michelle Malkin, Michele Bachmann, and Laura Ingraham chastised the first lady saying it is right of every high school to be stupid.
In other news:
· Women have been granted the right to vote in Saudi Arabia, but not the right to drive.
· The high school graduating class of 2011 lost ground on every measure of the SAT exam, with reading scores nationally the lowest on record, prompting concern about whether students are being adequately prepared for college, officials said Wednesday.
· Rick Perry figures to win the Jewish vote by releasing a one year old video of him dancing with some rabbis last Hanukah.