The players are set, so let the games begin.
After a lengthy Republican primary process in which we watched pretender after pretender come to the fore, with Mitt just laying in the weeds, it’s time to get down to the real action. However, it was certainly interesting to watch a big-time pizza man deliver an interesting take on taxes with his 9-9-9 plan.
For a while, it captured America’s imagination and made Herman a household name.
Hold the anchovies.
Michele gave us moments of thought when she pointed out that only she had been in the forefront of attacking Obamacare. It reminded us, ad nauseam, that she was a tax attorney and you know how America feels about attorneys.
Rick was certainly consistent even if mainstream media ignored him in debate after debate. Great family values, whatever that means.
Of course, we all longed to see Newt wipe up the floor with Barack as the two were expected to go mano-a-mano in debate.
Unfortunately for Newt, wife #2 (or was that wife #3) got in the way.
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There were many more Republican hopefuls, but they came and went with a great deal of frequency. (Sorry, Jon Huntsman – did you really say Obama was special?)
After all the shenanigans, it was always going to be Mitt Romney as Republican nominee. Sometimes, you just know what the final outcome will be.
Much like it will be with whoever wins the Presidential election.
The policies will continue under Barack and the Keynesians will say “he just needs to spend more and go deeper into debt.”
Could it work?
Anything is possible, at least from the Keynesian point of view.
Mitt, of course, will try a much different approach of less spending, less taxes, and more ??? And this is where the problem arises.
The economics of the past have allowed the proverbial can to be kicked down the road, but now we have run out of road.
The next President will preside over “payback” time, a period that will be highlighted by the contraction buildup of the past forty years.
The pain will be almost unbearable.
Changing the lifeguards from the ordinary regulars to the Baywatch team will do absolutely nothing to help us avoid the tsunami that is quickly headed our way.
Along with his 40-years of dedication in the financial services industry, Bill is the President and CEO of GPSforLife, has recently authored a highly successful book entitled 44th: A Presidential Conspiracy, publishes his dynamic monthly financial newsletter MacroProfit, and faithfully continues his third decade on the radio with It’s All About Money, which can be heard weekdays on Money Radio in Phoenix and in podcast form on his website (and on smartphone apps) published at billtatro.com weekdays at 5pm Eastern. Bill can be reached via email at email@example.com and on Twitter @tatroshow.