Wednesday, September 28, 2011

Contango confusion

This post by John Hinderaker of Powerline provides a perfect example of how the left, withthe aid of George Soros's millions, operates in a free society.  In this case Soros's minions at Think Progress, a blog that feeds the fevered swamp on the left with all sorts of conspiracy theories and smears, have conjured up an attack on the Koch brothers who contribute to conservative groups including the Tea Party.  Contango is a market condition involving the use of futures to hedge prices of commodities and is the subject of the smear y Think Progress.  Unfortunately for TP's "reporter", a young hack in this case who is well in over his head, gets taken to school by John Hinderaker.  There are two lessons in this story.  First, the left's amorality and willingness to make stuff up to accomplish some smear campaign.  Second, the public is well served by the presence on the internet of blogs like Powerline that expose these despicable efforts before they go viral.  Soros should be ashamed of himself.  He came to this country as a penniless (but brilliant) refugee after WWII, made an outsized fortune by legally trading currencies, commodities and stocks in a free market economy, and now turns on his adopted country by sponsoring all manner of unhelpful, destructive  propaganda efforts designed to support his one world view and essentially bring down the very system that allowed his success.  Go figure!

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