Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Mitt Romney's Foolish Pledge to Re-Fight the Cold War

IMG Auteur
Published : March 08th, 2012
842 words - Reading time : 2 - 3 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

 

 

 

 

On the basis of Mitt Romney's latest appeal to the far right, including a vow to "teach Iranians the meaning of American resolve", and also on Romney's pledge to start a trade war with China, I am now willing to state that I would just assume see president Obama reelected as Mitt Romney be elected.

I do not say this lightly. It will likely cost me readership. So be it. Consequences be dammed, I speak my mind.

No Hope Elsewhere

Rick Santorum and Newt Gingrich are at least as bad. With those statements, I just offended most of the country. So be it.

At least I took a stand. Most economic bloggers stay away from politics in fear of offending anyone.

Re-Fighting the Cold War

Please consider Romney's op-ed in the Washington Post
How I would check Iran’s nuclear ambition, in which he promises to teach the Iranians “very painful lessons about the meaning of American resolve.”

Romney stated “My foreign policy will be the same as Ronald Reagan’s: namely, ‘peace through strength’.

"Just as Reagan sought to defend the United States from Soviet weapons with his Strategic Defense Initiative, I will press forward with ballistic missile defense systems to ensure that Iranian and North Korean missiles cannot threaten us or our allies," said Romney.

Nowhere did Romney say how he would pay for his vow to re-fight the cold-war that has already been won. Nor did Romney provide any sensible discussion on the merits of ballistic missile defense systems.

Romney cannot discuss the merits of new ballistic missile defense systems for the simple reason there are none. Plane hijackings and suitcase bombs smuggled in via diplomatic, unchecked luggage, are a far more credible threat than a missile attack from North Korea.

Worse yet, Romney proposes to a war-weary public to "go alone [in Iran] if we must".

Horrendous Fiscal Policy

Merrill Goozner writing for The Fiscal Times says
Romney's Iran Policy Would Cripple the Economy.

Citing a decade of unfunded wars in Iraq and Afghanistan, Goozner asks, "is this level of domestic austerity, which would likely throw the U.S. economy back into recession, what a war-weary public wants or needs?"

War Not What the U.S. Needs or Wants

To answer the question posed by the Goozner, war is absolutely what the U.S. does not need and the citizens of the U.S. do not want.

If you disagree, can I please see a show of hands on a proposal to raise taxes to fight a war in Iran? Alternatively, please tell me how you will pay for it.

If Romney had the honest decency to pledge to raise taxes to support his absurd ramp in military spending, we would probably see the greatest landslide in election history, in favor of Obama.

Smoot-Hawley Trade Policy Yet Again

Let's switch gears to vitally important trade issues.

Mitt Romney is off his rocker by announcing support for a presidential decree that would label China a currency manipulator. History, namely the Smoot-Hawley Tariff Act, clearly shows how seriously misguided Romney's proposal is.

So far, president Obama has resisted such foolish measures.

Misguided Appeal to the Far-Right

The more Romney appeals to the far-right, the more leeway Obama has to move slightly to the right to capture the middle and thus appear marginally better.

·         If Romney wants war with Iran, all Obama needs to say is the "US prefers diplomacy but does not preclude anything"

·         If Romney wants a trade war with China, all Obama needs to do is act on a few items like steel and tout the imaginary results.

·         If Romney wants to trash Obamacare, all Obama needs to do is point out that hypocrite Romney is really trashing his own Romneycare plan.


This is certainly not an endorsement of President Obama because I will not vote for Obama under any circumstances. Rather, I take Romney at his word, and cannot stand a damn thing I hear.

Divided We Stand

In November, I will write in Ron Paul, because that is the only option that makes any sense. Many independents will feel the same.

That said, I expect Republicans to hold the Senate, and probably the House regardless of who wins the 2012 presidential sweepstakes.

My expectation and my hope are one and the same. Sadly, a divided do-nothing electorate is the best outcome one can reasonably expect at the moment.

More Than Two Choices

There is little difference actually between Mitt Romney and president Obama. Many will end up flipping a coin. However, that is not a choice anyone has to make.

I can and will write in Ron Paul, just as I did four years ago.

Don't Blame Me

It's a sad state of affairs that a hopeless Democrat president might be reelected in spite of a faltering economy where real wages are declining and jobs extremely difficult to find.

Should that happen, don't blame me, the messenger. Rather, blame warmongers and the extreme-right "in-your-face" social moralists for hijacking policy far from what the war-weary, social-weary public wants and needs.

 

 

Companies Mentionned : Strategic |
Data and Statistics for these countries : Afghanistan | China | Iran | Iraq | All
Gold and Silver Prices for these countries : Afghanistan | China | Iran | Iraq | All
<< Previous article
Rate :Average :0 (0 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Gold & Silver Market Morning
12:55end
If you trade XAU/RUB and have bought XAU using RUB, you should have closed your position as he advised. Then you should have switched, buying gold ...
Muslim terrorism, the left and t...
01:09Firebear1
All please understand this person was a Muslim,that was his believe! His character was that of a criminal as was shown by his action on the day and...
Napoleon vs. Cheney: "Interrogat...
18 Decwalmarde
Torture just put the moral line lower. Lets think about American exceptionalism. What we want ? we want to spread and defend that exceptio...
Napoleon vs. Cheney: "Interrogat...
18 Decwalmarde
Utilitarianism is bad philosphy. I'm also very disgust about torture. It will backfire in our face. We are now no better than ou...
Napoleon vs. Cheney: "Interrogat...
18 DecJosu O.5
I cannot overstate how important is that every american read this article. It's absolutely wonderful how you have summarized every aspect around to...
Muslim terrorism, the left and t...
18 Decend0
Does anyone still wonder why is Australia hotbed for second generation Muslim migrant radicalization? Does anyone still need an explanation on why ...
Gold & Silver Market Morning
17 Decsamking731
Gypsie, my take on what he's saying is on paper gold, not actual gold that you are holding in your hand. In that way, gold is gold, though Pandas ...
Gold & Silver Market Morning
17 DecGypsy1
You have me confused Julian. When you say "We believe that holders of gold in the Ruble. . . . ." I take it you are not talking about someone hold...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.