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Foreign Money? Really?

Guest post by: Michael Hume

Article Overview: Desperate Democrats Make Wild Claims About Why They're Losing

Foreign Money? Really?

Desperate Democrats Make Wild Claims About Why They're Losing From national Democrat party committees to the president himself, the liberals in the U.S. are making wild claims that their opposition from the GOP is being funded by "secret foreign money." The U.S. Chamber of Commerce has been implicated... and the movers and shakers within the party even admit there is absolutely no proof of these accusations. One prominent Democrat, when asked on a national news program what proof his party had that foreign money was controlling the upcoming elections, could only retort by asking the reporter "Well, do you have any proof it isn't true?"

Wow.

First, this is ridiculous dirty-politics-as-usual, brought to you by the party that promised two years ago to end such partisan nonsense. A lot of silly stuff gets blasted onto the airwaves during election years (especially during what I call "The Stupid Season"), but this crosses a new line. The Democrat party has probably even left itself vulnerable to lawsuits by those it has accused without proof.

Second, is there any such thing as "foreign money" anymore? Sure, it is illegal for foreign interests to participate in the U.S. electoral process, but it's simplistic to describe "shadowy back-room deals financed by foreign money." Since the 1960s, when the worst thing that could happen would be a thermonuclear war (this was in all the movies of the time... check it out), the world's richest countries have come together to tightly link all the world's economies together such that if any major economy goes down, so do they all. This is known as the doctrine of "Mutually-Assured Economic Destruction," designed to replace the old "Mutually-Assured Destruction" doctrine of the cold war. Now we don't have to fight wars that kill people (current wars notwithstanding)... we can fight each other with money. But the MAED policy assures no foreign country (even including China, whose currency was featured in the fallacious ad in question) serves its own best interest by trying to tear down our economy. China depends on us, at least as much as we depend upon China. (The arrangement does create a global conspiracy against wealth, though, so it's still smart in these times to get as much education on the subject as you can, and to think about mitigating strategies such as saving money, reducing debt, and starting a business on the side.)

Finally... why in the WORLD would the Democrats complain about foreign money? Their political moves have long been aided by wealthy foreigners from George Soros to the Clintons' Chinese backers. But more importantly, wasn't the election of Barack Obama supposed to restore America's worldwide reputation from the horrible erosion it suffered under (gasp!) George W. Bush? Thanks to Obama, isn't the rest of the world supposed to love us now?

Wouldn't they HOPE that foreigners would want to toss us all the spare CHANGE they can?

Only two more weeks left in Stupid Season. After November 2, if the polls are correct, we'll start getting smart again... and not a minute too soon.

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