Category: 2012 Presidential Election

Predictions for the Next Four Years (Part 1 of 2)

Well, Barack Obama will be President for a second term. It is now time to take a look around, and prepare for what is likely to happen next. Based on my observations and what I’ve learned over the years, these are my predictions:

No Housing Recovery

Commentators have been calling the bottom of the housing market – and screaming with increasing urgency that it was time to buy – since 2007. The Fed has cut interest rates to nearly zero, and through quantitative easing has flooded the financial system with new money. This will continue for the near future, especially since QE-infinity was announced earlier this year. There remains no recovery in the housing market, and there won’t be a recovery.

Bad monetary policy has …


The People’s Decision Amazes

Winner, Trophy, DecisionI am surprised… not dismayed, but surprised.  I never expected that the results of today’s election would leave us with essentially the same political problem we’ve had for the past two years (and really four years, if you include the ineffective Democratically controlled Congress of 2009-2010).  But with a 6% approval rating, it just didn’t occur to me that the people’s decision would be to say “try again” to the team they so harshly disapprove of.

As of 11:00 PM Central Time, President Obama has been declared the winner of the election by every major news organization (although Governor Romney had not yet conceded the race).  In my home state of Iowa, we lost 1 of our 5 seats in the House in redistricting, and …


Mandates Of The 2012 Election

Mandate, checklist, expectation, assessment, pollI had really hoped to get some thoughts out regarding priorities in this election this past week, but between the disaster caused by hurricane Sandy (including impacts to family and friends in the region) and finishing up fall chores, it just would not happen.  After the election and before the convening of the next Congress in January we will speak to the legislative priorities that must be addressed in Washington (beyond the typical lame-duck activities that will go on at the end of this Congress).  -Ed.

Today some brief thoughts about how the victors of the 2012 election will spin our confidence in them into mandates.  We often hear how such-and-such an office-holder has a “mandate” from their constituents, typically based on real issues discussed …


Waechter’s Final Pre-Election Weigh In: No Matter How You Vote, the Economy Will Not Improve

I cast my ballot early. I didn’t vote third-party and therefore my vote isn’t being wasted. It also isn’t going to matter.

Since 1990, the United States has run aggregate trade deficits above $8 trillion. This is funny, because in 1990 the M2 metric of currency supply was only $3 trillion. There should be nothing but dust coming out of the ATM machines. We have purchased entire merchant-fleets full of foreign goods, and paid for it by quite literally printing money.

Foreign countries, being more blatant about their currency devaluation policies, have been willing to go along with this arrangement. The result is this dynamic: The US prints dollars to buy goods from China, and the Chinese central bank prints yuan to buy the dollars. …


Des Moines Register Challenge: Endorsement In Secret

Silence, off-the-recordThe Des Moines Register’s Editor, Rick Green, last night published some details around an interview that the Register’s editorial board held with President Obama Tuesday morning.  An interview they could not, at first, talk about publicly.  An off-the-record conversation that they say will contribute to their endorsement decision, and the conditions of which will not affect their decision.  Since Rick’s original online post, the White House has released their own transcript of the conversation.

To his credit, Rick was clearly frustrated with the White House for putting such severe restrictions on the 30 minute telephone interview.  He is convinced that Iowans need to hear what the President had to say, and that Iowans would be influenced positively by what Obama shared with the editorial …


Final Face Off: The Last Presidential Debate Of 2012

President Obama and Governor Romney Debate on October 22, 2012If you’re reading this, we’re guessing you are anxious to know who we thought won last night’s debate.  That answer is simple: Bob Schieffer, who moderated the debate.  We were convinced that, based on Bob’s near ebullient post debate analysis in the first two presidential debates that he would be the epitome of liberal media bias in moderating this debate.  Bob was a pleasant surprise to us, and frankly if you were to look on his past performances in a similar role, he has been very capable of acting as an objective facilitator when the situation required it.  Our hats are off to Bob as the best of this year’s moderators.

The spotlight at Lynn University in Boca Raton, Florida, was of course on …


2nd Presidential Debate: Complete Re-Cap & Analysis Of A Dynamic Evening

Following a week and a half of Democrats either piling criticism on President Obama’s first debate performance or making excuses for it, few could question that tonight the Country’s microscope was squarely focused on our 44th President.  Would he over-correct and turn voters off by being too aggressive?  Would he be able to effectively go on the attack in the Town Hall format?  How will he handle personal questions from the very people struggling due to “his” anemic economy?

After the dust settled tonight, not only were these questions and the 11 questions the audience asked answered—we might have just gotten the answer to the biggest question of them all.  Let’s jump right in.

President Obama (Art Smith)

Last night’s debate proved to be much …


Tonight’s Presidential Debate – A Study In Crisis

Crisis, Benghazi, Libya, United StatesThe second Presidential Debate of the 2012 election is being held tonight at Hofstra University in Hempstead, New York at 8:00 PM Central Time, using a townhall style, with questions from independent voters regarding domestic and foreign policy.  After what most are now referring to as “disappointing” and “lackluster” in the performance of President Obama in the first debate, there is much anticipation that tonight could be the most critical night of the campaign.  Last week’s debate between the Vice-presidential candidates, while more lively than the first Presidential debate, held its own disappointments for many, including myself.  Many on the right were quick to deride the Vice-president for his excessive use of laughter in response to criticisms (a common debating ploy intended to minimize the …


Vice Presidential Debate: Recap and Analysis

Though few would have predicted it two weeks ago, going into tonight’s Vice-Presidential debate the real pressure to perform was squarely on the shoulders of Joe Biden.  This prospect was clearly one that Republicans across the Country have been giddy about in the days leading up to this debate—but tonight the meltdown they were hoping for didn’t happen.  Joe Biden performed well, avoided any big gaffes, and the two candidates essentially dueled to a near draw.

Paul Ryan (Justin Arnold)

As mentioned in our prior debate analysis, we focus on themes because they are the messages that each candidate comes in with for a reason.  These are the issues and messages they have determined will move the needle in their favor and each candidates …


First Presidential Debate, October 3, 2012

Debate, Podium, President, Discorse, PoliticsThe most impressive thing about Wednesday night’s Presidential Debate is what it was not: a contentious barrage of angry epitaths like those being thrown throughout the blogosphere or even in some of the Republican Primary Debates. Both men were smiling, civil, and even appeared to be listening as the other spoke. President Obama carried on the same criticisms of Romney’s plans, and the Governor politely said that the President’s information was wrong. They both agreed with each other regarding areas of common ground. We suspect that the rules holding applause had a positive impact on the cordial nature of the debate, although it certainly didn’t hurt that Moderator Jim Lehrer’s folksy demeaner and attempts to steer the conversation helped keep the discourse on an even …