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 …


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 …


Fake jobs numbers…. again

Bureau of Labor Statistics, Reports, Numbers, Charts, GraphsThe White House this morning, is serving up fake jobs numbers… again. And they read like a fairy tale. 7.8% unemployment. But notice… the U6.. the real unemployment number… isn’t listed in the reports we all see… It stood at 14.6% as of last month. That’s a fact that has not moved substantially, for months. Here’s the breakdown from the BLS.GOV website.

Measure Not seasonally adjusted Seasonally adjusted
Sep ’11 Aug ’12 Sep ’12 Sep ’11 May ’12 Jun ’12 Jul ’12 Aug ’12 Sep ’12
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force 5.2 4.3 4.2 5.3 4.6 4.6 4.5 4.4 4.3
U-2 Job losers and persons who completed temporary jobs, as a percent of the

The Top 5 Political Liabilities That Would Sink President Obama…If He Was A Republican

A large majority of Americans believe the media is highly biased and favors Democrats—and they are correct.  One of the most blatant examples of this occurred last week, when a hot mic caught an exchange between two major media journalists preceding a Romney Press conference (if you have not seen this story yet click here).

To hear the media pre-plan, and then carry out, what amounts to a journalistic carpet bombing of Romney was outrageous.  The flip-side of this conduct of course is that President Obama is never exposed to such behavior (or hardly any tough questions).  Furthermore, when political problems do crop up, they are rarely magnified and seem to have the half-life of a may fly.

The following is, in order of …


Failed Policies of the Last Century

(The following article was written by Peter Vessenes and contributed via Kassandra Kuehl)

On Saturday, September 1st, President Obama accused Mitt Romney of retreating to policies from the “last century” and “sticking it” to the middle class.

Is this really the case?  Whose policies exactly have “stuck it” to the middle class?

Why not go back to the Great Depression as a starting point?  After all, we are in a “Recovery” that looks a lot like that time period.  Which “policies” began there?  Perhaps the largest was Social Security.  After all, Social Security was a Democrat Party program that promised the government would “set aside” retirement, or safety money for people when they reached 65 years of age.   Unfortunately, the average life expectancy at that …


The 2012 Presidential Debates: When Moderators Aren’t Moderate

Lost in the sea of coverage following Mitt Romney’s selection of Paul Ryan as his running mate, was the news that the moderators for the three Presidential debates, and one VP debate, were also selected.

There is a certain kind of news one receives that falls into the category of “this may or may not be bad—but it can’t be good”.  For Republicans, learning of the moderators that will be at the helm for these four debates certainly earns this distinction.

In order of appearance they are- Jim Lehrer (PBS News Hour), Martha Raddatz (VP Debate-ABC News), Candy Crowley (CNN), and Bob Schieffer (CBS News).

Since the Romney campaign had to sign off on each moderator, it is hard to imagine that they could not …


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