Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Just How Dangerous Is Mitt Romney?

ElectionOracle / US Presidential Election 2012 Oct 09, 2012 - 06:49 AM GMT

By: Lewrockwell

ElectionOracle

Best Financial Markets Analysis ArticleEric Margolis writes: The two titans of American politics, President Barack Obama and Republican challenger Mitt Romney, locked horns this week in the first televised debate of the election season.

Romney managed to show that he was still a viable candidate in spite of a barrage of recent criticism and increasingly negative polls. Obama spoke with his usual oratorical mastery and projected an air of deep thought and calm. But to many, the president appeared rather tired and lacking in his usual pep. Being president and campaigning at the same time is exhausting.


The first debate alleviated some of the gloom previously felt by Republicans and slightly lifted Romney’s poll standing. Yet neither candidate generated much emotion, unlike the waves of hysterical adulation for Obama in 2008. Instead of being the Expected One, Obama turned out to be another typical politician mouthing platitudes and making promises that are not kept.

Even so, the underlying arithmetic of the election was still against the Republicans – known as the Grand Old Party, or GOP.

White, middle-aged men are Romney’s key supporters, along with Bible Belt Republicans, farmers and ardent supporters of Israel. Say “Republican” and up pops the image of an angry, overweight, 60-something male golfer, shaking his putter in fury at the “socialist” “Muslim” president.

Problem is, there are not enough angry overweight white men and religious fundamentalists to give Romney a decisive victory. Evangelical Protestant fundamentalists voted 78% for George Bush in 2004 and 74% for John McCain in 2008.

But many of these “born-again” Christians, who make up 45% of Republican voters, are leery of Romney’s Mormon faith which is regarded as weird and heretical by mainstream Christians. Many may simply not vote for Romney.

American women, particularly younger ones, are totally turned off by the wooden Romney and his deer-slaughtering vice presidential running mate, Paul Ryan. Polls show women 40 to 60 against Romney – a potential kiss of death in the race.

I suspect that Romney reminds many American women of all the things they didn’t like about their fathers. Obama reminds them of the kind of fast-talking cool cat that their fathers warned them against. The GOP’s jihad against abortion, public health care, and benefits for poor blacks has further angered many women.

Polls show 93% of black Americans will vote for Obama – provided they vote at all. Obama mania has cooled among blacks. Latinos, the most important new voter group, back Obama by 68% to 26% for Romney.

Independents will prove vital in key “battleground” states that determine the election: Florida, Ohio, Colorado, Pennsylvania, and Arizona. Many of these better-educated voters are turned off by Romney’s warlike bluster and by Obama’s continuation of Bush policies.

America has rapidly turned brown and yellow. The days of white supremacy are over. There are 2 million Muslims living in the great melting pot of America. East Asians top all the educational surveys. Latinos have the fastest growing families. For the first time, whites have become a minority in California, the 11th biggest economy on earth.

Unless there is an unexpected revival, the Republican Party seems destined to become a fringe party of the far right and religious fundamentalists. GOP leaders loudly advocate war against all sorts of enemies, assassinations around the globe, torture and indefinite jailing of suspected anti-Americans, and the endless growth of military spending – without raising taxes. As the party shrinks, it will likely grow more extreme.

I have been a card-carrying Republican all my life. A signed picture of President Dwight Eisenhower hangs over my desk. I’m a veteran of the regular US army.

But today’s Republican party is no longer my Republican party. Back in the day, the GOP was run by East Coast elite of well-educated, sophisticated internationalists who exercised America’s great power with restraint.

Alas, they have been replaced by rural politicians from the deep south and west with no knowledge of the outside world and no sense of history or culture. America’s closet fascist neocons write the GOP’s foreign policies.

Dr. Ron Paul was the last chance for the GOP to reform, redefine and renew itself. Paul was sidelined and ignored. As a result, Republicans may be marching towards irrelevance and unimportance.

Eric Margolis [send him mail] is contributing foreign editor for Sun National Media Canada. He is the author of War at the Top of the World and the new book, American Raj: Liberation or Domination?: Resolving the Conflict Between the West and the Muslim World. See his website.

Copyright © 2012 Eric Margolis

http://www.lewrockwell.com

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in