NYC Mayor Bloomberg Thinks Romney Would Run Country Better Than Obama

President Barack Obama has aggressively sought New York Mayor Michael Bloomberg’s endorsement, hoping his endorsement will convince voters that Obama is a better manager than Romney, which is the greatest advantage Romney has over Obama. 

However, three sources told the New York Times that they overheard Bloomberg telling guests at a party that he thought Romney would “probably be better at running the country” than Obama.

In typical Bloomberg fashion in which he tries to be everything to everyone and ends up standing for nothing except for his self-interest, Bloomberg, according to the same sources, also said he could not support Romney “because he disagreed with him: on social issues such as “abortion rights and gun control.” 


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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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