Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

The Sequester Freight Train and Sad Fireman Faces

IMG Auteur
Published : February 20th, 2013
329 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Crisis Watch

Given the political environment in Washington these days and the sequester freight train now barreling down the track, you can’t blame President Obama for taking a campaign-style approach to policy making, but I wonder how long it will be effective in shaping public opinion.

According to this Washington Post story, in about an hour or so, glum looking firemen and other public sector workers who fear for their paychecks will assemble at the White House to help the President make his case for somehow avoiding the fast approaching budget cuts now popularly known as the “sequester“.

A White House statement said Obama, surrounded by firefighters and other emergency personnel, will press Congress to pass a short-term measure that would delay the cuts, known as the sequester, for a period of time until Congress can pass a permanent fix.

24hGold - The Sequester Freigh...The appearance in the South Court Auditorium of the White House, scheduled for 10:45 a.m., will come as Washington appears increasingly resigned to allowing the sequester to go ahead.

The White House statement said the jobs of emergency personnel who would appear at Tuesday’s event could be in jeopardy if the sequester takes effect.

“If these cuts go into effect, hundreds of thousands of jobs could be lost and middle class families all across the nation will feel the devastating impact,” the statement said.

Maybe it’s just me, but a backdrop of a dozen Americans whose lives will be affected by the policy issues being discussed by the man out in front occurring outside of a political campaign just doesn’t feel right.

It’s one thing to have a group of happy Americans standing behind the President when he signs a bill into law that will benefit them, but it comes off as overt, campaign-style manipulation to “pull at heartstrings” via the many sad faces of people who might lose their jobs if people don’t get on the phone and call their Congressman to tell them to do what the President says.

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Debate Over Electric Trucks: Let’s Get It On
25 AprJerry82
Thanks Mish, this was a very insightful and thought provoking piece. I've often heard concerns about the weight of these new electric trucks and th...
No, The Junior Mining Stocks Are Not About To Implode - Dave Kranzler
25 AprJerry821
Thank you Dave for this excellent article. I agree with your well thought out critiques that point to junior miners being just fine. Relying on tha...
Gold Bullion Erases $10 Bounce Despite French Election, N.Korea Ris...
25 AprJerry82
I don't know how much I'd trust the listed GLD holdings. I always found GLD's structure to be a bit strange. They so famously claim that they are 1...
The Story of Gold Money, Past, Present and Future, by Edwin Walter ...
18 AprJerry82
Thank you for this very thought provoking piece Nathan. I have not read any literature from Edwin Walter Kemmerer before but I am inclined to pick ...
Gold Prices Slip $10 After Breaking Downtrend as UK's May Seeks Bre...
18 AprSam Maher3
"That left the GLD gold ETF needing a 2017 high of 849 tonnes in bullion backing." I frequently see you make these claims on GLD's holding...
Bombs Away!
17 Aprprljr-1
James tribe owns trump.
Krunch Time for Korean Krackpot Despot, Kim Jong-Un: Missile Crisis...
17 Aprprljr1
Unfortunately the world is not run by Christians, well except for the useful idiot ones.
Krunch Time for Korean Krackpot Despot, Kim Jong-Un: Missile Crisis...
15 Aprkevthorne1
I read from this that it is the USA that is 'a threat to the entire world'. How many times have we heard this - 'country X is a threat to the w...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS