Isn’t it stunning that because of the drought and its impact on the US corn crop that the UN has asked the US to suspend its ethanol requirements and use the corn for food and feed rather than for fuel. The UN? Of course, it is dumb to burn up your food and feed in the first place. Again, if Iowa didn’t have that first presidential caucus we would have cheaper food. What happened to switchgrass?
Isn’t it also stunning that the dems are actually saying with a straight face that cutting $700+ billion from medicare will not have any impact on benefits? Rather they are saying that the cuts will come from increased efficiency and reduction of fraud. So is there any evidence of increased efficiency in any government activity? And there is $700+b in fraud in the medicare program? Shouldn’t somebody go to jail? And people actually believe this? If so, I bet they own swamp land in Florida and a couple of bridges. What isn’t stunning is that the dems have not been pilloried by the media.
What is also not surprising is the lack of media scrutiny over Obama’s not going to speak at the NAACP convention, Obama’s not offering an apology over Biden’s “put ya’ll back in chains” remark but what about Obama’s remark when he was asked why has he done so little for his black constituents and his answer that he isn’t just the president of black people but the president of the United States of America. You would have thought that at least the black sycophants could be up in arms and the press would have shouted the last remark to the heavens. But no. Just silence.
How about Joe Biden’s week? There was the chains comment, thinking he was in North Carolina when he was in Virginia (actually that reminded me of the Southwest Airlines commercial when the singer thank the crowd using the wrong city – “want to get away?”) and not knowing what century is this. Biden has always been a gaffe machine but as Jim Geraghty at National Review says Biden is “an ill-informed, tactless, often obnoxious, loudmouthed, bloviating rhetorical time-bomb”. Wow. Wish I had said that. But isn’t it stunning that we have not seen the media comparing Paul Ryan with Biden saying “who do you want a heartbeat away from the president?” No. Not stunning at all. But this may be one of the few elections where the vice presidential candidate may actually make an impact on the election and push the few undecided to vote one way rather than another.
Harold A. Black is professor emeritus in the Department of Finance, University of Tennessee, Knoxville having retired after 24 years of service. He has served on the faculties of American University, Howard University, the University of North Carolina - Chapel Hill and the University of Florida. His government service includes the Office of the Comptroller of the Currency and as a Board Member of the National Credit Union Administration. He also has served on the boards of directors Home Savings of America and its parent company, H. F. Ahmanson & Co., Irwindale, California prior to its merger with Washington Mutual Savings Bank, on the board of New Century Financial Corporation, Irvine, California, then the nation’s largest real estate investment trust and as director and later chairman of the Nashville Branch of the Federal Reserve Bank of Atlanta. He writes an occasional article for the Knoxville News-Sentinel at http://www.knoxnews.com/staff/dr-harold-black/. His web page is haroldablackphd.com