NJ GOP voters pick gold bug Jeff Bell to challenge Cory Booker for US Senate

Because it isn't enough for the GOP candidate to be an underdog, he has to be a nut too. There is zero chance the US, or any nation, will return to the gold standard, ever. So what is Jeff Bell's paramount campaign issue?

Returning the US dollar to the gold standard.

Bell said he ran to make sure the public hears about two issues: returning the dollar to the gold standard and do away with the Federal Reserve's policy of charging no interest on federal government debt.

And the delusion runs deep.

"I think a lot of people who predicted I wouldn't win, which was virtually everybody, underestimated the difference between party activists — the type of people who are on the county committees — and the typical voters," Bell said. "The typical voters were very open to the message I had in this race. I got a lot of resonance on it."

Uh, OK, sure. Whatever you say Jeff.

Maybe it "resonates" with the typical septuagenarian country clubber in his tweed jacket and Cadillac land yacht. Maybe. More likely they humored you while looking around for the guys from Candid Camera.

The original gold standard worked because everybody was on it. And as soon as one country jumped ship, it was doomed.

Pegging the US dollar to gold without cooperation from all the other central bankers is no more sane than pegging it to the price of coffee. Commodity prices vary, sometimes wildly. Which would then make the value of your dollars vary, daily. Today bread is $1.75. Tomorrow it's $2.50. Next week, 89 cents.

Uncertainty, it's what everybody wants!

Now, am I a fan of the Fed? No.

Am I a fan of Keynesian quantitative easing? Hell no!

But sadly, the average voter in New Jersey is. Well, that and free stuff. Which is why Cory Booker is gonna clean Jeff Bell's clock. By a margin that'll make Chris Christie's 22 point "landslide" look like a horse race.

Oh, did I mention that Bell has already been trounced in one US Senate race? By Bill Bradley, 55 - 43.

We nominated a kooky retreaded loser who looks just like the crotchety old guy from Up. Does the NJ GOP put the "fun" in dysfunctional, or what?

Posted at 09:46 by Chris Wysocki   [/gop]   Comments | Perm Link |
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