HOW EASY FOR OBAMA AND HOW HARD FOR ROMNEY
Don't be misled by Obama's missteps lately. He dominates so many of the big states along the east and west coasts that beating him is going to be very, very hard. Here is how Kiplinger put it in a recent edition:
Looking for the real battlegrounds in this fall’s presidential balloting? Forget longer lists and focus just on Fla., Ohio, Va., N.H., Iowa and Colo.
Results in those six states will determine whether Obama wins another four-year term or whether former Mass. Gov. Mitt Romney carries the GOP back to the White House. Romney has a path to victory, but it’s an incredibly steep climb ahead of him. He essentially has to win the three biggest prizes: Fla., Ohio and Va.
Obama can win with a victory in one of those states and one of the other three…unless a major economic or other surprise upsets the rest of the map.
TAKE A LOOK AT OUR "BOOK BLOG"--YOU GET THIS VIA EMAIL TOO (I THINK!)--IT IS A VERY TIMELY AND INFORMATIVE MESSAGE
TEN THINGS YOU NEED TO KNOW ABOUT:
1. More than a billion dollars of MF Global investor's money is gone--missing--and not one person, including the one responsible, Biden & Obama's buddy Jon Corzine has neither been charged, arrested or face any kind of punishment/
2. Not everyone should be able to go to college. Many neither can nor should try to do so. 60% of freshmen now, never graduate, and if they do they are laden with debt and most still can't find jobs due to taking easy or dumbed down curriculum. Trade schools, vo-tech, etc. would prepare them for a life as a productive middle class, wage earner.
3. Not everyone should be able to own a house. Only those who can truly afford a house--even now. This is how to fools (Liberal Dems (Frank, Dodd, Obama, etc), Banks, Fannie/Freddie, et. al.) created the housing crisis that is still crippling the USA now--and will for 5-10 years longer.
4. CEOs have short careers--even thought they get paid ridiculous amounts for them. 14 percent of CEOs of large companies (2500 of the world's largest) were replaced last year. That is scandalous bad performance by the boards and owners who selected and hired them, aided and abetted by search firms who were paid handsomely for doing so.
5. One actor-President is enough. Martin Sheen, formerly the President on the TV show THE WEST WING toured with OH Sen. Sherrod Brown. That makes two bad actors on one tour and a second bad actor who had pretended to be president (which is what Barack Obama is doing now).
6. George W. Bush DID have a big hand in the spending problems that have accelerated out of control under Barack Obama. The GOP Congress in place for ¾ of Bush's term started it; Bush never vetoed much of anything; and the Pelosi-Reid Congress (the last two years) created the largest jump in spending as a % of GDP in modern history. Who's at fault? ALL OF THEM!
7. Stupid is as stupid does. Why doesn't anyone look at what is happening in a couple of America's most prominent states: California is bankrupt, insolvent, busted, broke and still doing stupid things like trying to find ways to keep on spending. Illinois, our Prz. home state is a mess too. There are others, but these states are all guilty of one stupid mistake: they buy into Obamanomics. Their solution, equally stupid is to raise taxes on the successful folks which will drive them out of the state, and actually lower tax revenues. STUUUPID!
8. This recovery IS a lot different from the Reagan recovery, but actually not much different from the ones in 1991 and 2002. The difference is the out of this world deficit spending this time around. Does anyone understand that "when you are deep in a hole, STOP DIGGING!"?
9. Europe is a disaster and China and India are slowing down too. A global recession, if it spreads around the globe will hit America too. If you think it is bad now, hope that doesn't happen, because it will get worse!
10. Jan. 2013 is when all kinds of tax increases are scheduled to hit us. Bush tax cuts will end. Capital gains, estate taces and dividend tax rates will climb. New Obamacare increases will hit (4%), and the payroll tax holiday (2%) will end. Of course the politicians won't let that all happen, because it would mean a huge recession that follows. What they will do is anybody's guess, but a lot depends on who wins the White House and the Senate in Nov. It will not be pretty--this transition--so be prepared.
BUT SOMEONE HAS TO DELIVER THIS NEWS--LAST WEEK I WROTE:
In coming weeks I might write about the dilemma any president will face, when cutting the massive government that's been built will lead to massive layoffs of government employees, and that the growth in private sector employment is unlikely to ramp up fast enough to absorb them. The only way this can happen is to have government leadership that both understands and supports free enterprise
ENERGY GROWTH IS A GREAT PLACE TO START CREATING NEW JOBS
The USA can become essentially "Energy Independent" within the next decade. It can move even faster if energy from friends and allies (Like Canada) are part of the "independence." To do that, decisions like Obama's delaying tactics on the Keystone Pipeline have to be reversed. It is only useful to develop new energy sources if the energy can be delivered to where it is needed.
STATES WITH GOOD GOVERNANCE WILL CONTINUE TO MAKE PROGRESS
Governors like Mitch Daniels of IN are a benchmark for how states should operate. Governor like Jerry Brown in states like CA are the warning signs of how to make an even bigger mess of our country's economy. Several other states "get it" and still more, like my own state OH and Gov. John Kasich are on the way to fixing the mess made by predecessors.
I need to write about how many states must keep cutting too…and that just adds to the problem, but several states like IN, OH, WI, etc. are already slashing excessive government spending. Some states like CA are hopeless. Others can still rein in the runaway growth of government, but every dollar cut from government spending (even if its borrowed money) is a dollar that comes off the GDP right way. None-the-less, the route to recovery is less government and more free enterprise growth. Getting there is the hard part. That requires know-now and leadership--and that means Mitt Romney, not Barack Obama.
IT'S VITALLY IMPORTANT THAT AMERICANS UNDERSTAND THE COMPLETE "VALUE CHAIN" AND WHERE MONEY FLOW TO, AND HOW WEALTH (AND GROWTH) IS CREATED
I should probably write about the fact that a lot of government spending is just a conduit to private enterprise (that the DOD--all the spending on weapons systems flow through contracting into the companies that actually make the weapons, Raytheon, Lockheed-Martin and hundreds of others. I should write that the suppliers to all of those government office buildings and people are private sector contractors and companies like office products providers, computers and communications gear providers, and on and on. Once this fact is known and accepted, the places to cut--and not cut--become much more apparent.
THERE IS ONE THING I AGREE WITH BARACK OBAMA ON: MESSES MADE OVER TIME, TAKE TIME TO CLEAN UP--BUT THE PERSON WHO MADE THE MESS IS NOT THE ONE IDEALLY SUITED TO CLEAN IT UP!
I will write, over and over, that fixing the mess Obama is making with his policies, spending, etc., will be a Herculean task…the longer he stays in office and continues his misguided policies, the worse it gets. The Democratically controlled Senate are willing accomplices to the crime that is being perpetrated on the American people and our economy. Fixing the deficit spending mess will only be partially helped by the positive impact of cutting the heart out of Obamacare, canceling the over-regulation and "getting tough with China" over currency and trade.
The real question is: If I write all of this, would that kind of message be more interesting, more informative, or more depressing??? Sometimes the truth is "bitter medicine" but the only road to recovery is to "take the medicine" and begin the healing process.
NOW, IF YOU ARE NOT TOO DEPRESSED, REMEMBER THAT MANY THINGS YOU FEAR MOST, DON'T HAPPEN--AND SOME OF THESE WON''T HAPPEN.
THE ONLY WAY TO ASSURE BETTER OUTCOMES IS TO REMEMBER: The person who made a mess of things is never the one you should choose to fix them!
GET OBAMA OUT OF THE WHITE HOUSE AND THE DEMOCRATS OUT OF SENATE CONTROL--AND THEN HOLD THE NEW LEADERS ACCOUNTABLE FOR ACTING RESPONSIBLY.
Best, JOHN
**********************
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Author of the Award Winner: THE COMPLEXITY CRISIS, and the exciting novel: THE CHINESE CONSPIRACY. Come see my blog posts on Forbes.com
John L. Mariotti, President & CEO, The Enterprise Group, http://www.mariotti.net, http://mariotti.blogs.com/my_weblog/
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