Boehner: Obamacare ‘Law of the Land’

In an exclusive interview with ABC News today, House Speaker John Boehner said there would be no more attempts to repeal Obamacare. “Obamacare is the law of the land,” he said. “The election changed” the situation, said Boehner.

While some conservatives will no doubt see this as Boehner caving, it is also a testament to political realities: the Senate is Democrat, and so is the president. The chances of a repeal are zero. Nonetheless, Boehner’s remarks underscore the effect of this election in enshrining Obamacare into the American way of life.



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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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