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Mon Jul 23, 2012, 03:36 PM

Interesting little drive by on CNBC


Don't stop by the stock channel very often but happened to click through while they were playing a clip of Romney speaking to their reporters with a business on the back ground.

It was the best I have ever seen Romney. He wasn't giving the President an 'F' on the economics, nor was he blaming the President for the downturn, here is what he said (roughly);

"The President made a number of missteps when he first took over the Presidency which stunted the recovery. They were more concerned about passing a bunch of liberal legislation than getting people back to work and that's why the jobs recovery has been so bad".

It was thoughtful, reasonable, and articulate.

Of course it was also 100% wrong. Under the President the stock market doubled its value and created more capital paper wealth than any 4 years or 8 years of other Presidents. Moreover Romney's alternative would have crippled the car industry and there would have been more stimulus.

So it was surrealistic seeing Romney talking in an effective and articulate way.

That wasn't the interesting part.

The interesting part was that when they played the clip they then asked the 5 financial analysts to respond.

None agreed with him, even at his best.

One guy noted that he thought the President was wrong in that he should have doubled the size of the stimulus but then said that Romney wouldn't have done anything. The next guy said that he didn't think that more stimulus would have had much of an impact because jobs are a lagging indicator. The third guy appeared to be a Republican who generally supported Romney's comments but he said that Romney's arguments were never based on the known facts but on the facts now known, and he said that if President Obama had known that the jobs market was going to be this slow to recover he believed that the President would have taken other actions.


Romney at his best.

In his wheel house, capitalist traders and market guys.

None of them were buying Romney, they didn't hate the guy but nobody was asking to get on the dance card.

There may be people who will vote for this guy but nobody really likes him. He has to be the most disliked guy to run for the President since Nixon, and this was after he gave what I thought was his best most reasonable effort.

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Reply Interesting little drive by on CNBC (Original post)
grantcart Jul 2012 OP
rfranklin Jul 2012 #1
grantcart Jul 2012 #2

Response to grantcart (Original post)

Mon Jul 23, 2012, 03:53 PM

1. Sounds like they wrote a campaign commercial for Obama...

 

It is obvious that Romney has no workable answer for the economic situation, yet so many dunderheads hear "businessman" and think that he has the solution. Woe is us if he gets into the White House.

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Response to rfranklin (Reply #1)

Mon Jul 23, 2012, 05:21 PM

2. and woe to the stock market as well.



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