MF4: Whatever the positive effect of a Romney/Ryan win will be temporary at best. There is nothing that they (or Obama) can do at this point. All the ingredients for a major global economic meltdown are already baked in over decades. All R&R will be able to do is put in place policies that will be the seed corn for an economic revival later this decade. Corporate tax reform, R&D credits, and accelerated depreciation for new plants and equipment to stimulate business investment. Incentivise companies to in-source manufacturing rather than out source jobs. Allow full on energy development including the Keystone pipeline. If we don't buy the Canadian oil China will gladly build a pipeline to Vancouver and buy all that Canada produces. Open up Gulf and other coastal development, including ANWR. Screw the caribou. If we don't develop our own energy we'll be paying European prices for gas due to all the inflation that the Fed has baked into the economic pie. For a moment think what $9.00 a gallon gas would do to food prices, inflation, economic growth...etc. But even if all these steps are implemented the next 2-3 years are going to be horrific economically. China's economy is slipping notwithstanding their PR's of 8% growth. Their real estate bubble is bursting and China's economy will slow ocnsiderably because of it, and that in turn will take down the economies (and real estate bubbles) in Australia, parts of Canada, Brazil, etc. The world has borrowed far too much money than can ever be repaid. Either that debt is paid at a high cost to future growth, or is inflated away to the severe distress of the bottom 80%, or is defaulted upon...which would collapse all the major banks around the world. There is no easy way out anymore. A worldwide market crash is absolutely 100% going to occur in 2013-2015, the worst fall since the 1930's. We never learn our lessons to avoid extreme debt driven economic expansion because the inevitable contractions when that debt gets too big to pay are a bitch. I'm glad Romney chose Ryan, I really like that Wisconsin caongressman. He has real gravitas based on fact, not myth. He has a VERIFIABKE resume, and he built that. He is a person of accomplishment and character. What a contrast to the empty suit in the White House that puts his feet upon venerable White House heirlooms like the Rutherford Hayes desk that was a gift to the US from Queen Victoria. Less than 100 days before we can oust this economic moron.
