Trading Newsletter for Gold, Silver, Stocks and Mini Indexes

[Breaking news:  I knew we would be richly entertained by Obamagate, but who could have imagined the slapstick would start so soon? In fact, we now know that the IRS and certain unnamed "White House aides" sat on the scandal for several weeks while they mulled ways to spin it.  In the meantime -- and this is where the Liar-in-Chief has really kicked off the show -- Obama maintains that he only found out about the IRS witch-hunt against Conservative groups when he read about it in the papers.  And this just in: The IRS-official-in-charge says she will plead the Fifth rather than testify before Congress. Is this spectacle going to be fun, or what! RA]

With new revelations of scandal surfacing almost daily, there are apt comparisons to Watergate, of course. But say this for Richard Nixon: at his worst, the man’s political ambitions never went much beyond stealing an election and settling an old score with the press. The political career of Barack Obama, on the other hand, has been animated by an overweening vision that seeks nothing less than the further enlargement of Big Government so that even the most ardent disciples of the New Deal might someday stand in awe of His achievement. But would they? FDR at least had a Keynesian excuse for ramping up fiscal stimulus and expanding Washington’s reach, since the U.S. had been wallowing in depression for more than a decade.  We’ll concede that Obama was dealt a » Read the full article