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| Attack Dogs Unleashed on Ron Paul; No Need to Rethink Endorsement; Plus Side of Attack Dogs Posted: 26 Dec 2011 07:07 PM PST Attack dogs have finally been unleashed on Ron Paul. Those barking dogs caused Andrew Sullivan to Re-Think The Paul Endorsement Time Magazine even launched a headline Paul Walks Away No Need to Rethink Endorsement There is no need to rethink endorsements. Here is the deal: Ron Paul did not say the things attributed to him. He denies them, disavows them, and most importantly, his voting record proves it! Can anyone honestly tell me why things Ron Paul did NOT say over twenty years ago should be news today? Paul Missed Best Tactic How many times does he have to deny he wrote those things? Still, Ron Paul did not handle the CNN setup in the best possible manner. This is what Paul said to CNN. "Why don't you go back and look at what I said yesterday on CNN and what I've said for 20 something years. 22 years ago? I didn't write them, I disavow them." That answer was perfectly fine, as far as it went. Then Paul walked out. It was a missed opportunity. Proposed Follow-Up Rather than walking out, Paul should have followed up with ... "I'm not here to discuss imaginary topics or things I never said. Now, do you want to discuss my position on the economy, on the Fed, and on spending, or is your only point to this interview to discuss things I did not say 20 years ago and have explained to CNN countless times?" That would have smashed the ball down CNN interviewer Gloria Borger's throat, right where it belonged. OK. Admittedly, Ron Paul did not respond in the perfect manner. So Ron Paul is human. Who isn't? Is a transgression 22 years ago of something Ron Paul never said, and whose track record in congress proves it, any reason to drop support of Ron Paul? In favor of who? Flip-flopper Newt Gingrich? Mitt Romney, the man that practically wrote the Obama Health-Care legislation? The Mitt Romney who wants to starts a trade war with China? Another Republican candidate that has no chance of winning? If case you are a misguided Mitt Romney fan please consider President Obama and Mitt Romney are Nearly One and the Same! Anyone "rethinking" their Ron Paul endorsement based on things Paul never said is not thinking clearly. Attack Dog Plus Side Here's the plus side to the attack dogs: Ron Paul is now considered a serious candidate or the attack dogs would not have been unleashed on things he never said 22 years ago. Interestingly, The State Column reports Ron Paul still holds a lead in Iowa. Thus, a majority of voters have decided that 22-year-old never-made statements are irrelevant, even if some misguided souls can't. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. 
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| Japan Seeks to Market Record 145 Trillion Yen Bonds in 2012; Kicking the Can Japanese Style Posted: 26 Dec 2011 08:14 AM PST Japan, the country with the highest debt-to-GDP ratio in the G7 to Sell Record 149.7 Trillion Yen Debt in Fiscal 2012 Japan's government said it will increase bond sales to the market to a record 149.7 trillion yen ($1.9 trillion) in the fiscal year starting April 1.Yen Bond Schedule  Kicking the Can Japanese Style Japan ought to be financing its debt for as long as possible, as cheap as it can, while it still can. Instead, the bulk of it is 5-year duration or less, with next to nothing at the extreme long end. Ability to roll this debt over at perpetually low rates is going to be a problem sooner or later, and I think sooner, rather than later. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. 
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