Florida Primary News: Mitt Romney’s Only Hope to Be President – The Papa Bear Strategy January 27, 2012Posted by Admin in Dan Mangru, Market Commentary.
Tags: dan mangru, Debate, florida, Gingrich, GOP, Mitt Romney, primary, Romney, santorum
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Mitt Romney’s Only Hope to Be President – The Papa Bear Strategy
By Dan Mangru
Another debate is in the can. As voters watched last night’s GOP Presidential debate in Jacksonville, they saw a different kind of Mitt Romney. They saw a Mitt Romney on the attack, and a candidate who would not back down. But is that enough?
Think of Mitt Romney. Tell me what comes to mind.
For some, an image of a successful executive comes to mind. Mitt Romney has helped numerous companies turn around including Staples, Brookstone, Domino’s Pizza, Sports Authority, and the 2002 Winter Olympics. Romney also led an effective conservative government in the most liberal state in America, Massachusetts.
For others, a political flip-flopper comes into view. Rudy Giuliani recently said on MSNBC that he ran against Romney and didn’t know what he truly believes. To date, Romney has changed views on abortion, health care, labor, and gay marriage amongst other issues.
But here’s one image that probably won’t come into your mind that should: Papa Bear.
Behind the exterior of the cold, hard, shiny CEO, lies a man who loves being with his kids and grandkids. He loves being out in nature, and horsing around with the little ones like any good granddad would.
Just look at Mitt’s Christmas card. He’s got the grandkids on his arm, just enjoying being outdoors and spending time with his family. Wouldn’t you want that guy to be your granddad, your ‘Papa Bear’?
When Sears introduced their advertising slogan, “Come see the softer side of Sears”, their sales shot up 30 percent. That’s nothing to sneeze at.
Do you think Mitt Romney could use a 30 percent boost in the polls?
Absolutely. Mitt Romney has been largely aloof in an overexposed GOP primary. He has even shied away from interviews with conservatives like Sean Hannity and Bill O’Reilly of Fox News.
The only Romney that we know is that guy in the suit at the debates, making the speeches, collecting the campaign contribution from wealthy donors.
But there is more to that than what meets the eye. Mitt Romney has kept his private life private and his public life public. Now is the time for him to let America into his private life. Here is a man who loves his wife, has a beautiful family, and who seems to be an all-around great guy.
Romney’s campaign has always said that Republican voters have been dating candidates like Rick Perry, Michelle Bachmann, Herman Cain, Rick Santorum, and Newt Gingrich but in the end they will marry Romney. If Romney wants to be the candidate conservatives marry, they need to see him as a real person and not someone who is cold, hard, shiny, and plastic.
When George W. Bush was elected president, people felt like he was a guy you could go bowling with and have a beer. When Barack Obama was elected president, people felt that he was a family man who was in tune with popular culture. Through popular culture, Americans began to relate to Barack Obama.
Part of the appeal of former House Speaker Newt Gingrich is that he’s made mistakes, and has asked for forgiveness. We’ve all made mistakes and can identify with that. Part of the Mitt Romney image is that he’s figuratively never made any mistakes or done anything that a working class Floridian or American can identify with, for the most part.
America has not related to Mitt Romney, at least not yet. Still some 60-75 percent of voters (depending on which poll you read) believe that another candidate not named Mitt Romney is best to lead this nation. After five years of campaigning, that should speak volumes.
During his tenure as Massachusetts governor, Romney turned around a state that was heavily in debt so much that by the end of his term as governor, he had amassed a rainy day fund of over $2billion. That’s the record that Romney brings to the table.
Voters know that this election counts. President Obama has driven America off the cliff with over $15 trillion in debt. The economy is showing signs of a double dip recession. Unemployment still remains around 9 percent (although the last figures came in at 8.6 percent for November).
There is a lot on the line for this election, and after 19 debates the GOP still hasn’t decided who their flag bearer will be.
Mitt still has a chance. As quick as they rise is as fast as they fall. Mitt can make a major move literally overnight with just one simple strategy: Papa Bear. Give us a glimpse into Mitt Romney the man, the husband, the granddad, the human being, and America just might give you a glimpse into the Oval Office.
Dan Mangru on What It Means to Be Free – The Mangru Moment – The Mangru Report on Fox Business February 7, 2011Posted by Admin in Interviews.
Tags: dan mangru, economic, economy, financial, Fox Business, freedom, government, liberty, mangru report, news, peter schiff, rights, steve forbes, talk, tv
At the conclusion of The Mangru Report’s coverage of Freedom Fest, Dan Mangru sits down for an introspective look on what it means to be free and how Americans should be exercising the right that so many gave their lives for.
Steve Forbes FreedomFest Interview:
The Lost Peter Schiff Interview – Freedom Fest 2010 January 18, 2011Posted by Admin in Interviews.
Tags: America, bernanke, business, constitution, dan mangru, fed, federal reserve, finance, Fox, free, freedom, liberty, monetary policy, peter schiff, rights, tv, United States
Originally filmed on July 8, 2010, this exclusive Dan Mangru interview with Peter Schiff, conducted at FreedomFest 2010 in Las Vegas, was broadcast on Fox Business but then was thought to be lost forever until now. Now view what former U.S. Senate Candidate and Euro-Pacific Capital President Peter Schiff thinks about freedom and the state of our nation.
Election Wrap Up – Marco Rubio, Carly Fiorina, LTC(R) Allen West, Peter Schiff & More November 4, 2010Posted by Admin in Dan Mangru, Interviews.
Tags: 2010, allen west, carl domino, carly fiorina, dan mangru, election, joseph abruzzo, marco rubio, midterm, peter schiff, The Mangru Report
With the election results finally winding down, it’s time to look back at some of our favorite candidate interviews and how they fared in the 2010 elections.
Marco Rubio – Candidate for U.S. Senate – Florida (Won)
Carly Fiorina – Candidate for U.S. Senate – California (Lost)
Lt. Col. (Ret.) Allen West – Candidate for U.S. House of Representatives – Florida (Won)
Peter Schiff – Candidate for U.S. Senate – Connecticut (Lost in Primary)
Joseph Abruzzo – Candidate for Florida House of Representatives – (Won)
Rep. Carl Domino – Candidate for Florida Senate – (Lost in Primary)
Interview with Edward Gonzalez – Candidate for U.S. Congress November 3, 2010Posted by Admin in Dan Mangru, Interviews.
Tags: budget, crisis, dan mangru, Edward Gonzalez, health care, interview, marijuana, obama, pension, recession, reform, The Mangru Report
Update: Edward Gonzalez made a strong showing as a libertarian candidate with 7% in his district.
*** Edward Gonzalez is a candidate for U.S. Congress in California’s 16th District.
The One-Sided Compromise – Guest Commentary By John Browne October 29, 2010Posted by Admin in Market Commentary.
Tags: Capital, china, currency, dan mangru, Dollar, economy, Euro-Pacific, g20, geithner, global, john browne, mangru report, reserve, secretary, south korea, treasury, United States, yuan
The One-Sided Compromise
By: John Browne
Thursday, October 28, 2010
Last weekend, the G-20 finance ministers met in South Korea to find areas of agreement in preparation for the main G-20 gathering in November. The Chinese rebuffed renewed American pleas for them to revalue their yuan. They rejected Secretary Geithner’s suggestion of a four percent cap on current account surpluses. However, in return for accepting America’s continued dollar debasement, the Chinese did agree to “look into” a revaluation of the yuan and the management of trade surpluses. They also agreed to an international self-policing regime to curb currency manipulation. This ‘one-sided’ compromise was hailed in the Western media as a triumph for Mr. Geithner. The US stock markets and dollar rallied. All looked good for the election season in November.
Unfortunately, compromises are never one-sided; they are only construed as such. Though the reporting failed to emphasize it, Mr. Geithner actually agreed to a massive shift of monetary power in exchange for China’s empty concessions. The shareholdings and board composition of the huge and powerful International Monetary Fund (IMF) have now been shifted. China will now become the third largest shareholder of the IMF and the developing economies will get a six percent larger voting share. Two European states will lose their seats on the IMF’s board in favor of developing countries.
Meanwhile, China, supported by Russia, India, and even Brazil, continued to lobby hard for the US dollar’s privileged role as the international reserve currency to be replaced by a wide basket of currencies and gold. To this end, the IMF has recently been given additional “emergency” lending facilities. These could be used in a coming sovereign default crisis to ‘bail out’ Western countries, at which point they would be unable to resist global economic governance under the guise of the reformed IMF.
In short, Secretary Geithner’s “victory” at the G-20 was one only King Pyrrhus could love.
But the blame cannot be laid entirely with Mr. Geithner. The fact that he left the meeting at least saving a bit of face for his delegation is a monumental achievement, considering the dismal condition of the US economy.
Fed Chairman Bernanke appears desperate to flood the United States with another round of quantitative easing (QE-2). In a $13 trillion economy, a release of anything less than $1 trillion would not be seen as effective. Remember, the Fed already injected over $1 trillion after the credit crunch – and we are still in recession. How much will it take to right this listing ship?
When Geithner pledged to China a “gradual” debasement of the dollar, it is astonishing that they didn’t laugh him out of the room.
If he were to make good on his pledge and convince Bernanke to cut QE-2 to, say, $500 billion, the US GDP and stock markets would almost certainly begin to contract. This would threaten the banking system with a second crisis borne out of the ashes, or toxic assets, of the first.
For a frame of reference, the US home mortgage market is valued at some $10.6 trillion. Indeed, foreclosures and past-due loans amount already to some 14 percent of the market, or about $1.5 trillion. Of this staggering figure, the loans delinquent or in foreclosure to which the top three banks (Bank of America, Wells Fargo and JP Morgan) are exposed amount to more than $600 billion, an amount roughly equal to the original TARP bailout fund.
At the same time, thanks to falsely low interest rates, the banks’ net interest margins, or the difference between what they earn in loan interest and what they pay to their creditors, are being squeezed severely, while their non-interest earnings are falling, due to lower economic activity and the prohibitions contained in FinReg.
Finally, there is the murky question of how exposed the banks are to the massive derivatives market, a house of cards with a shaky foundation.
As we have described for several years, the US economy is virtually locked into a long arc of decline. There are no politically palatable solutions to this quandary. Until Americans are ready to take their lumps and accept a steep drop in their standard of living, the US government will have no leverage with the creditor nations and no ability to keep its promises. Therefore, we should celebrate when China even gives our Treasury Secretary an audience.
If China does manage to topple the US dollar from its perch as the international reserve currency, our economy will very likely move into free fall as decades of inflation come pouring back into the country. We will be forced to live within our means or face hyperinflation. Losing a few votes at the IMF is a small cost to delay this eventuality, but it also puts us one step closer to it.
John Browne is a Senior Market Strategist at Euro-Pacific Capital. He’s been a member of English Parliament, an advisor to Prime Minister Margaret Thatcher, and currently serves as Lead Panelist for The Mangru Report. You can view all of his commentaries by CLICKING HERE NOW.
Tags: china, Congress, consumers, currency, dan mangru, goods, manipulator, manufacturing, price, quality, resolution, The Mangru Report, United States
While Congress passes a new resolution to label China as a currency manipulator, Dan Mangru evaluates whether this is just political posturing or real policy. China recently unpegged its currency (the yuan) from the U.S. dollar but has seen more pressure from the U.S. to allow it’s currency to appreciate so that U.S. manufactured goods would be cheaper to Chinese consumers.
During this Mangru Moment, Mangru also takes a hard look at whether the U.S. should fight it’s battles with China via the media, whether the U.S. should be focused on growing the Chinese market, and what’s ultimately best for America.
Running a Small Business in a Recession – Duffy’s Sports Grill CEO Paul Emmett interview with Dan Mangru – The Mangru Report October 20, 2010Posted by Admin in Interviews.
Tags: acquisitions, airlines, dan mangru, duffy's, emmett, industry, interview, lending, liquidity, mangru, paul, recession, restaurant, roadhouse grill, Small Business, sports grill, success, The Mangru Report
The United States is a scary economic place. We have unemployment hovering around 10 percent, government deficit spending at all time highs, and a U.S. dollar that is a struggling currency.
Even in spite of all of this economic turmoil, small business owner Paul Emmett of Duffy’s Sports Grill has managed to take a small Florida restaurant chain with only 4 locations to a 22 location $75 million a year business. During this interview Emmett discusses with Dan Mangru what mistakes he’s made in the business, what industries he’s modelled his business after, and whether it is time to start acquiring distressed assets.
Taxation By Representation on Sugary Drinks Ban for New York City – The Mangru Report October 19, 2010Posted by Admin in Panel Discussion.
Tags: Adam Hasner, analysis, beverage, Bloomberg, city, class warfare, commentary, dan mangru, David Patterson, diabetes, euro-pacific capital, florida, food stamps, gdp, governor, health, healthcare, House of Representatives, interviews, john browne, Majority Leader, Michael, mike, New york, Paschal Liguori, politics, Premier Estate Properties, soda, sugary drinks, talk, television, The Mangru Report, tv
After Congress failed to pass a 10 cent tax on sugary drinks such as soda, New York City united behind Mayor Mike Bloomberg and Gov. David Patterson is now trying to implement a sugary drink ban in New York City for all food stamp recipients. Patterson and Bloomberg contend that all of the public spending on healthcare and the links to diabetes and other diseases justifies the government ban.
Opponents of the measure say that this is just another nanny-state solution by New York, and that this is another case of class warfare, with the less fortunate being targeted.
Watch The Mangru Report Panel of Experts composed of John Browne (Euro-Pacific Capital), Paschal Liguori (Premier Estate Properties), and Florida House of Representatives Majority Leader Adam Hasner debate both sides of the issue and look at the real costs at hand.