Jeff  Carter

When in trouble, some politicians play the race card. They carve out special cookie cutter spots for different races or genders. Time and time again, the race card has been played. Jesse Jackson is a master of it. Obama plays the race card in subtle way.

But, one of the things I think America did in 2008 was absolve themselves of the race card. For many, the election of Obama was a cleansing. They thought, “Now, we have a black President. The slaves that we freed in the Civil War have attained the most powerful office in the world.”. It was as if they went to confessional, said some Hail Mary’s, and were on the straight and narrow.

That puts a conundrum into the strategies of the people that play the race card over and over again to their advantage. If they can’t play it, they need to win on the facts. Most of the time when they play it, they know the facts aren’t on their side-it’s the reason for the strategy in the first place.

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They have figured out a new strategy. The Rich Card. Listen to political speeches these days. It’s about “the rich paying their fair share”. People that make over $250,000 per year should pay. It goes deeper than that. Many are politicizing all types of success. If you have a good degree from a top institution, they demean it. If you grew up with money, there is no possible way that you could understand anything a poor person understands no matter what your experience is. If you aren’t a certain skin color, you can’t possibly understand how a person of a different skin color feels. They take the Bible verse, “Money is the root of evil” and spin it for political gain.

Jeff Carter

Jeffrey Carter is an independent speculator. He has been trading since 1988. His blog site, Points and Figures was named by Minyanville as one of The 20 Most Influential Blogs in Financial Media.