Obama Campaign Commits Five Gaffes in One Week

President Barack Obama apparently has a lot of rust to shake off as he gears up for his “last campaign.”

Last week, he and his team committed at least five campaign gaffes:

 1.    Obama charged that Mitt Romney is not “qualified to think about the economy as a whole.”  To be clear, a man who has never owned or run a lemonade stand is challenging the economic bona fides of a man who ran one of the most successful equity firms in America.

2.     Obama told an audience that “if you have health insurance you will not be hit with a tax.” The cringe-worthy implication of course being, if you do not have health insurance, you will be subject to a tax. 

3.     The Obama campaign charges that Romney is a…felon?   A man who is so vanilla he won’t so much as consume caffeine is a hardened criminal?  Hardly bumper sticker worthy.

4.    "There's a term limit thing in the presidency," Obama said. "This isn't like Congress, I can't just keep on running." That’s correct, Mr. President.  Right you are, sir! 

5.   According to Obama, viewers of the most-watched cable news network  (Fox News) are “stubborn.” Insulting voters generally doesn’t yield votes. 

Silly season has officially begun.


Comments

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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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