Two liberal Congressmen are trying to cool the revenues of Fox News and talk radio by targeting for hearings a type of advertising that seems to pop up on the with some frequency: ads for gold. Reports Seeking Alpha, a stock website:
A press release from Rep. Anthony Weiner, Democrat of New York, not yet (as of this instant) posted on Mr. Weiner's Web site, announces that a September 23 hearing of the Subcommittee on Commerce, Trade, and Consumer Protection (a subcommittee of Rep. Henry Waxman's Commerce Committee) will focus on "legislation that would regulate gold-selling companies, an industry who's [sic] relentless advertising is now staple of cable television."
From the press release: "Under Rep. Weiner's bill, companies like Goldline would be required to disclose the reasonable resale value of items being sold."
The fever swamps on the left have been promoting that there is some Great Grand Gold Conspiracy befitting the James Bond bad guy Goldfinger. Gold is hitting all time highs because world governments -- led by our own Democratic dominated one -- have been profligate printers of currency. The dollar is devalued currency, and getting cheaper by the day as our nation's fiscal policies -- endless spending, endless printing of money -- make the dollar "cheaper" by the day. Soon it will be fit only for recycling at this rate.
The policies of liberals are stoking gold fever since gold is increasingly perceived as offering a store of value and as an inflation hedge when the inflationary policies of Barack Obama and Democrats come home to roost, as Jeremiah Wright might bellow.
Congressman Weiner is foolish enough to show his hand:
Not to mention the fact that Mr. Weiner's regulatory push seems as much aimed at conservative journalists as at the gold-dealers. The press release says, "Goldline employs several conservative pundits to act as shills for its' [sic] precious metal business, including Glenn Beck, Mike Huckabee, Laura Ingraham, and Fred Thompson. By drumming up public fears during financially uncertain times, conservative pundits are able to drive a false narrative. Glenn Beck for example has dedicated entire segments of his program to explaining why the U.S. money supply is destined for hyperinflation with Barack Obama as president.
So now, as America faces very serious problems, these Congressmen see fit to try to bully Fox News and talk radio into silence by using the power of their offices? Who is doing the conspiring here?
This move has similarities to the Kathleen Sibelius bullying of insurance companies to keep quiet about why insurance premiums are being forced higher by ObamaCare, about the White House asking its cult members to report negative stories about ObamaCare back up to their anointed leaders; about Mark Lloyd of the Federal Communications Commission's desire to see news outlets fall more under federal control; about Cass Sunstein's desire to see the internet patrolled for false information; about Obama's undignified attack on the Supreme Court of the United States regarding its ruling in support of free (political) speech. One could go on and on regarding the methods being used by this team of bullies (not the best and the brightest) trying to squelch free speech-at least when it is criticism of Democrats.
Seeking Alpha points out that the sugar daddy of the Democratic Party, George Soros, has been a big buyer of gold -- helping to fan the flames of the fever. Here is an idea: let GOP members call in the Goldfinger-like figure of George Soros and ask him about his role in the financial collapse of 2008. After all, he made billions investing in the downfall of the mortgage, housing, and finance markets.