Categories: US Government

Can Romney Make a Comeback?

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.’”

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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.

Yours for peace, prosperity, and liberty, AEIOU,

Mark Skousen
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Mark Skousen

Mark Skousen, Ph. D., is a professional economist, investment expert, university professor, and author of more than 25 books. He earned his Ph. D. in monetary economics at George Washington University in 1977. He has taught economics and finance at Columbia Business School, Columbia University, Grantham University, Barnard College, Mercy College, Rollins College, and is a Presidential Fellow at Chapman University. He also has been a consultant to IBM, Hutchinson Technology, and other Fortune 500 companies. Since 1980, Skousen has been editor in chief of Forecasts & Strategies, a popular award-winning investment newsletter. He also is editor of four trading services, Skousen TNT Trader, Skousen Five Star Trader, Skousen Low-Priced Stock Trader, and Skousen Fast Money Alert. He is a former analyst for the Central Intelligence Agency, a columnist to Forbes magazine (1997-2001), and past president of the Foundation for Economic Education (FEE) in New York. He has written articles for The Wall Street Journal, Liberty, Reason, Human Events, the Daily Caller, Christian Science Monitor, and The Journal of Economic Perspectives. He has appeared on ABC News, CNBC Power Lunch, CNN, Fox News, and C-SPAN Book TV. In 2008-09, he was a regular contributor to Larry Kudlow & Co. on CNBC. His economic bestsellers include “Economics on Trial” (Irwin, 1991), “Puzzles and Paradoxes on Economics” (Edward Elgar, 1997), “The Making of Modern Economics” (M. E. Sharpe, 2001, 2009), “The Big Three in Economics” (M. E. Sharpe, 2007), “EconoPower” (Wiley, 2008), and “Economic Logic” (2000, 2010). In 2009, “The Making of Modern Economics” won the Choice Book Award for Outstanding Academic Title. His financial bestsellers include “The Complete Guide to Financial Privacy” (Simon & Schuster, 1983), “High Finance on a Low Budget” (Bantam, 1981), co-authored with his wife Jo Ann, “Scrooge Investing” (Little Brown, 1995; McGraw Hill, 1999), and “Investing in One Lesson” (Regnery, 2007). In honor of his work in economics, finance, and management, Grantham University renamed its business school “The Mark Skousen School of Business.” Dr. Skousen has lived in eight nations, and has traveled and lectured throughout the United States and 70 countries. He grew up in Portland, Ore. He and his wife, Jo Ann, and five children have lived in Washington, D.C.; Nassau, the Bahamas; London, England; Orlando, Fla.; and New York. For more information about Mark’s services, go to http://www.markskousen.com/