The Political Game – It’s a Sure Bet


Politics presents a very risky game of chance, but a game nonetheless. Trust me. Just like with counting cards you can practically always win.

MoneyConsider this. Barack Obama received record amounts of money during his 2008 campaign. But did you know that just four years earlier, the Bush campaign had set its own records in contributions during a presidential campaign?

By all accounts, Obama received most of his 2008 campaign cash through small donations. But PolitiFact checked that claim and found it to be false. Rather, it seems he accepted money from all comers.

With this in mind, it becomes genuinely amusing to witness the proposal for taxing the million-dollar-plus making members of our upper class. Why? Because many of those who will be taxed are those who put the President into office in the first place!

On the other hand…

The real irony in all this is that playing politics is kind of like playing the stock market. In the true spirit of derivatives and futures trading, you hedge your bets by “investing” in multiple outcomes. The amount invested is determined by the likelihood of a particular outcome. Thus, you “can’t lose.”

And if you have plenty of money to throw around, why worry about it, right?

Seen in this light, our Occupy Wall Street friends are “protesting” those who played the market right into their own fortune.

It’s a radical concept, really. They made an investment and won back capital gains as a result.

And Obama and every other mainstream politician involved in the upcoming race knows it. (And with the exception of, perhaps, Ron Paul, all will unabashedly use it.)

So the people who are protesting, are ultimately criticizing Obama; who bailed out the banks (and other entities); whose chairmen, members, and employees sent plenty of cash to get him elected; and who he’s now trying to tax indiscriminately; who were neither investigated nor sent to jail for their crimes; who received their big bonuses at taxpayers expense even though their companies turned insolvent; which companies didn’t pay a cent in corporate income taxes; whose chairmen, members, and employees are now preparing lists to put their money on another horse so they can start the game all over again.

Whew!

There’s an element of paradox here that’s like “an enigma wrapped inside a riddle.” The depth of these shenanigans knows no end.

And uprisings or no, the dance will continue until the band is changed.

Anyone want to bet that this election’s contributions will break all previous records?

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