Romney's lost opportunity - The Daily Reckoning
The Daily Reckoning by Bill Bonner
On This Day - 20 September 2012
PRINTER FRIENDLY | ARCHIVES
Romney's lost opportunity A  A  A

Baltimore, Maryland

Poor Mr. Romney. Everyone is on his case. He can't run a campaign. He can't stay 'on message.' He doesn't even have a message.

-------------------------------- BSE Sensex headed for a massive rally? --------------------------------

The best recommendation ever made when it comes to investing in stocks has to be this - Turn off the TV.

Just the other day, India had no future. And then a day later, India was the place to be!

It was said that the Sensex is now headed to 23,000 because conditions for a new bull markets were slowly getting satisfied!

All this because of a few statements made by the Government, which by the way, may not have any significant impact for years to come.

That's why in our view, the best way to go about generating real wealth from stocks is to turn off the noise, and instead focus on solid, long-term investment opportunities.

And one great way of doing this is to be on the lookout for Blue Chip stocks that are available for dirt cheap.

How do you go about doing this? Well, we just recorded a view in which we reveal how we go about selecting such stocks.

We recommend you watch this video right away...

------------------------------------------------------------------------------------------------------

We usually rise to the defense of hopeless schmucks, but today we will make an exception. We'll get on Mr. Romney's case too.

But our beef is different than all those kibitzers fulminating about his 'gaffe'. We checked the transcript. We didn't see any gaffes. The mistake we see is that he came dangerously close to the truth, something which is strictly forbidden in political circles.

Our beef is that he didn't know a good talking point when he had it in his mouth. And then, when he'd gotten it out, and everybody got huffy about it, rather than stand up and defend himself, he hemmed...hawed...he said his remarks were 'out of context' or misunderstood.

The man had an opportunity to stand up for something. He had an opportunity to open a real discussion of how the country could avoid disgrace, dysfunction and bankruptcy.

He should have seized it. Instead, he ducked and dodged.

It's too bad. He should have ditched the phony war on terrorists...and declared war on zombies.

How come the federal government runs such big deficits? Too much money goes to zombies.

How come the average, working class fellow can't get ahead? Too many zombies have their hand in his pocket.

How come the economy is dead in the water instead of steaming ahead? Because it is over-laden with zombie programs, zombie banks, zombie ideas and zombie organizations.

How come people are starting new businesses the way they used to...and hiring new people? Too many zombies telling them what to do and how to do it...

It could have turned into a real debate...on the virtues of democracy vs. zombocracy, for example. We believe we have a real democracy, but practically every important spending program has a ghoulish look to it.

Most of the spending -- Social Security and health care - goes to take care of shuffling old people. And nearly a third of it is covered by borrowing...and money printing. These are bills - from beyond the grave - that future generations will have to pay.

We don't claim to have all the answers...but that would have been a conversation worth having. Mr. Romney had a chance to pose an essential question: how to stop the zombies from destroying America. Too bad he didn't want the answer.

Trouble is, the zombies vote...and there are a lot of them. Many of Romney's top supporters are zombies too. . .

Raytheon, General Dynamics, General Electric, Boeing and Blackwater - take away the zombie 'War on Terror' and you take away a big part of their revenues.

And what about all those farmers in the Midwest? They're in Romney's pocket too. But take away the cornpone legislation requiring ethanol to gum up your engine and what happens to the price of corn?

What we want to know is how many live on what is, in effect, stolen money? How many work for the feds...regulating, controlling, pestering, bothering? How many get disability? How many get food stamps? How many produce bombs and boondoggles?

We don't know. We don't even think it is possible to calculate. Because a lot of decent work is done by government employees - even federal employees. Well, we can't think of any right now... But we've seen Baltimore City workers occasionally filling potholes. And the cops can be useful from time to time.

For every three people getting money from the feds two are probably zombies. We don't know.

There are the makers and the moochers... Mr. Romney should have come back fighting...declaring himself firmly for the makers.

That would have left Mr. Obama with the moochers. And probably with the White House.

Bill Bonner is the President & Founder of Agora Inc, an international publisher of financial and special interest books and newsletters.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

Get The Daily Reckoning directly
in your mail box.
Just enter your e-mail address » 

Read our Privacy Policy and Terms Of Use.

Equitymaster requests your view! Post a comment on "Romney's lost opportunity". Click here!

1 Responses to "Romney's lost opportunity"

Murugan

Sep 20, 2012

usually you kept me to run for my dictionary. But the Cambridge dictionary didn't have meaning for a word like kibitzer.
politicians depend on vote banks and Mr.Romney is no exception.

Like 
  
Equitymaster requests your view! Post a comment on "Romney's lost opportunity". Click here!

Recent Articles:
Trump Takes a Beating
August 18, 2017
Donald J Trump, a wrasslin' fan, took a 'Holy Sh*t!' blow on Tuesday.
Which Gods Will Bring Down the US Empire?
August 17, 2017
Mr Trump is in the White House and the gods are in their heavens; what's not to like?
Will They Haul Off Trump's Statue, Too?
August 16, 2017
All across the country, the old gods become devils. New, gluten-free gods take their places...
Farm Loan Waivers: Why Bad Economics Makes for Good Politics
August 14, 2017
It is because the negative effects of the waivers aren't clearly visible.