Can Romney Make a Comeback?

Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

I am at my home in Florida this week renewing my Florida driver’s license. While here, I saw tons of signs on people’s lawns. Not one of them was for President Obama. The signs all read, “Romney – Ryan: America’s Comeback Team.”

If you judged the election solely by signs posted on lawns, Romney would win Florida hands down. Yet according to the polls, he’s behind Obama. The president also now is leading in such swing states as Ohio. According to Intrade, the political futures market, the president has a 75% chance of winning re-election on Nov. 6, up from 57% just a month ago.

What a difference a month makes!

Can Romney make a comeback?

Yes, if he can reinvent himself and become more likeable. Newt Gingrich offered him some advice: Take on the media, Gingrich wrote in a Sept. 26 column in Human Events:

“If you look at my strongest applause lines virtually every one was taking on the media,” Gingrich explained.

“It is inevitable the media will ask Romney about ‘the 47 percent.’ Instead of answering it, Romney should pivot and say, ‘Let me tell you about the 100 percent. Obama has failed the 100 percent who have to buy gasoline. Obama has failed the 100 percent who will be paying interest on the Obama national debt for the rest of their lives. Obama has failed 100 percent of those who want to get a job and move on with their lives. Obama has failed everyone in the Middle East who had hoped the Arab Spring would lead to freedom by allowing it to turn into an Islamist winter.’”

Every investor, if he’s self-interested, should vote for Romney, because if Obama gets re-elected, you will see your taxes go up dramatically on dividends and capital gains. Romney will keep the rates low, and also will cut the corporate tax rate (see this week’s accompanying “You Blew It!” feature). We need to encourage saving and investment, and Obama/Bernanke won’t do that. Romney will. If you want a strong bull market to continue, vote for Romney.

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Yours for peace, prosperity, and liberty, AEIOU,

Mark Skousen

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