Romney for President (Update)


I reconsidered and revisited my prior support and firmly come to the same concusion that the US truly needs Romney to fix our main problem – the economy.

In brief my reasoning …

I reaffirm support Mitt Romney for president. John Hintsman would make a great Secretary of State.  Why Romney?

I essentially used two main criteria:

1 – must have successful private industry economy experience

2 – *** CRITICAL *** the best person to address the following very probable scenario in 2013-14:

World economic crisis, US debt bubble burst and inflation: US inflation reaches 10% with expectations to grow quickly due to unprecedented Fed money supply growth 2009-12 and lack of US economic growth to meet demand for supply of US dollars. Total debt to annual Treasury revenues reaches 8:1 ratio. Foreign creditors balk during two consecutive weekly Treasury auctions, refuse to purchase Treasuries unless US economic and debt outlook reverse course drastically and quickly. Otherwise economic Armageddon becomes an immediate certainty.

Romney would by far be best qualified to have greatest success probability and avert Armageddon and lead the US to new economic growth minus the Nanny state baggage. Read his book ‘No More Apologies’. You will realize this man has deep knowledge how the economy works at all levels, especially international. As a VC he successfully invested in winners such as Home Depot and Staples and thus helped create thousands of jobs, And yes – he correctly jettisoned jobs that the market would soon not support (Newt – your cheap shot about this proves your economics ignorance).

Even if Romney has flip flopped on a number of issues, he has not wavered in his conviction of how to best grow the economy (and fix it). He has been a consistent conservative espousing free markets and capitalism. He understands finance inside out. We need someone like this now and not career politicians or history professors (Newt – I’ll take you over our Marxist leaning Community organizer but you do not come close to Mitt).

Time for Mitt to fight hard and earn the nomination.

Best
Economics501

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About economics501

1 - free market Capitalist; 2 - Fitness Entrepreneur; 56 years old, VP at an Investment Bank in NYC, ex Venture Capitalist, happily married with 2 girls. Education: Rutgers and NYU. I allow Ted Hruzd, my friend to blog at will here. He has many posts here. I have known Ted since we were both students at NYU. Ted also works for an Investment Bank as a VP in Equity Global Markets. ------------------------- I was very very Socialist leaning as a 22 year old. I then strongly believed in Gov role in helping the poor. However, as a USDA Child Nutrition Programs, I personally accounted for millions of fraud, abuse, and waste of tax payer money. I came to believe that the poor would be best served with less Gov programs and more with direct aid via tax system. Then after 5 years I became a free market capitalist, was a venture capitalist in 2007 and helped start 2 high tech companies. I dedicate this site to champion free market capitalism as the best road to Prosperity. Please join in. If you disagree, fine, but please post with dignity and class and be civil. Argue with facts always.
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