Mitt Romney: Cancel the coronation — how conservatives can defeat him

For those who believe the current commentariat consensus that Mitt Romney should be coronated as the inevitable Republican nominee, consider the excellent story by Alicia Cohn in The Hill about conservatives uniting to defeat Romney, and remember the GOP primaries in 1976 when Ronald Reagan was almost nominated after a late surge.

Cohn’s included one bit of news that has not been adequately covered by most media, the creation of a group of conservatives to be found at the notmittromney.com, and one subject that has also not been adequately covered: the importance of the Florida primary in late January and Super Tuesday in March.

I would add one additional factor: the growth of proportional delegate selection in the GOP process, which creates the possibility the nomination battle remains open and conservatives could unite behind one candidate long before Romney locks up the nomination.

This piece is an attempt at straight political analysis and news analysis. Here is my take on the state of the GOP race:

1. Mitt Romney is having great trouble winning the loyalty of Republican voters above the 25 percent level. About 75 percent of Republicans do not support Romney as their first choice. In fact, for many of these GOP voters Romney is their fourth, sixth or even eighth choice behind the conservatives now running and the conservatives who chose not to run.

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 Read More at The Hill By Brent Budowsky, The Hill

Could the Euro Trigger A 2008-Like Crash? Si, Oui, Yes.

If we dispense with all the fancy stuff, we end up with a simple see-saw with the euro and global equities on one end and the much-hated U.S. dollar on the other.

If we scrape away the ever-hopeful headlines predicting a new figurehead lackey or another vote will magically fix Greece, Italy, the euro, Europe’s crumbling banks, etc., the global stock markets can be distilled down to one chart. And here it is: a see-saw with the U.S. dollar on one end and the euro and equities on the other.

I know the mind rebels at such simplicity, and so does the entire buy-side Wall Street edifice: if it all boils down to this, then there really isn’t much value added by the endless reams of fancy reports and analysis, is there?
But let’s presume for a moment that it really is this simple. Where does that leave global stock markets? The answer can be had by glancing at two other charts: one of the euro and one of the dollar.

Now that the cargo-cult chiefs are openly talking about the euro splintering into euro 1 and euro 2 (i.e. business class and steerage), something I proposed as a possible “face-saving” step in the devolution of the euro 18 months ago ( Why the Euro Might Devolve into Euro 1 and Euro 2 March 2, 2010), then the common-sense question is: why is the euro worth 36% more than the dollar? The answer is that it isn’t worth 36% more, of course, and for a bit of technical support of that we turn to a simple chart.

There’s not much to support Bulls’ claims of euro strength here and much to suggest the euro is in a leaky barrel floating helplessly toward Niagara Falls.Classic wedge broken decisively to the downside, check. Uptrend decisively broken, check. RSI declining but not oversold, check. MACD declining and below the neutral line, check. Price below the critical 200-week moving average (MA), check. Price below the equally critical 50-week MA, check.

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Read More at charleshughsmith.blogspot.com  By Charles Hugh Smith

Connecting the Nuclear Dots on Iran

With the IAEA discussing a dramatic new report from its nuclear inspectors in Iran, are some – such as Israeli Prime Minister Benjamin Netanyahu – exaggerating the imminence of a nuclear-armed Iran? Or is the U.S. government hopelessly misleading us that the threat is manageable through sanctions and tough talk?

A series of extraordinary leaks in the Israeli press last week revealed an internal debate within Israel’s inner security cabinet over the need to launch a pre-emptive strike on Iran’s suspected nuclear weapons sites.

According to these reports, Prime Minister Netanyahu and Defense Minister Barak favored the strikes; Vice prime minister and strategic affairs minister Moshe “Bogey” Ya’alon reportedly was opposed. The leaks came on the heels of the third test-launch of a Jericho 3 nuclear-capable strategic missile, and what Israel claimed were long-planned air force exercises over Sardinia to simulate an attack on Iran.

According to former CIA case officer turned novelist Chet Nagle, the Jericho 3 test may have been designed by Israel to send quite a different message than the one being played up in the press.

Any Israeli attack on Iran is sure to make of Israel an international pariah, Nagle argues. Plus, the likelihood of success – that is, in destroying or disabling all of Iran’s nuclear weapons capabilities so they have nothing to launch on the morning after the attack – is low.

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 Read More at frontpagemag.com By Kenneth R. Timmerman, frontpagemag.com

 

The Unreported Tragedy of Cuba’s Repressive Communist Regime

Cuba—to listen to, watch or read some of the media—is a place that has remained unbowed in the face of impoverishment by the U.S. embargo. Lately what you hear is that it is attempting to make bold reforms not just in the economy, but socially as well (it just allowed gays to marry!) The people still dance.

Only that the reality of Cuba bears little resemblance to the plucky little island narrative. Cuba’s penury has nothing to do with the U.S. decision not to trade with the communist island, but with the fact that the island is communist in the first place. If communism produced misery in Europe and Asia (where one half of Germany and Korea stagnated under repression while the capitalist halves of those countries thrived in economic and political freedom) why would the result be different in the Caribbean?

Communism is a human tragedy, enslaving the soul while failing to produce enough goods for the people trudging under it. Communist countries are large prisons; the borders must be closed lest the people escape. And within that hell there are smaller circles where the repression is intensified. It’s the Gulag, the re-education camp or, in Cuba’s case today, public beatings by government mobs for who speak up their minds.

One would think a journalist would want report on that, especially when—as is the case in Cuba today—the people have finally decided to risk it all and take to the streets to voice their opposition. Reality, however, is again otherwise.

In Cuba today there’s a growing and vibrant protestor movement, headed by a group of women called Las Damas de Blanco (The Ladies in White). Originally organized by the wives of political prisoners, it has now galvanized others to lose their fear and voice their anti-communist sentiments in public.

 Read More at The Foundry By Mike Gonzalez, The Foundry

Mitt Romney as the Nominee: Conservatism Dies and Barack Obama Wins

Mitt Romney will not go on Special Report with Brett Baier to answer the tough questions as the other candidates have done. No worries. Conservatives will bitch and moan for a few days and Romney will claim it was a scheduling issue, he’d always meant to go on, and he will go on.

Should Mitt Romney win the Presidency, conservatives will find this pattern play out repeatedly. Romney will head in a direction conservatives do not like and they will bitch and moan repeatedly and maybe, just maybe, he’ll part his hair in their direction.

We’ve seen this play out over and over. Jon Huntsman comes up with the best economic plan of all the candidates, Herman Cain follows up with 999, Perry comes out with a flat tax, and Romney refuses to do anything. Until he does something.

Mitt Romney is not the George W. Bush of 2012 — he is the Harriet Miers of 2012, only conservative because a few conservative grand pooh-bahs tell us Mitt Romney is conservative and for no other reason.

That is precisely why Mitt Romney will not win in 2012. But no worry, once he loses, Republican establishment types will blame conservatives for not doing enough for Mitt Romney, never mind that Mitt Romney has never been able to sell himself to more than 25% of the GOP voters. It’s not his fault though, it is the 75%’s fault.

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 Read More at Red State By Erick Erickson, Red State

VETERAN ANCHOR BILL KURTIS SAYS BIALEK WAS FORMER CBS EMPLOYEE WITH A ‘TRACK RECORD’: HERS AND CAIN‘S ROLES MAY EVEN ’HAVE BEEN REVERSED’ IN CAR

On his radio program Tuesday, Mark Levin aired a clip of veteran journalist and CBS anchor Bill Kurtis on WLS saying that Herman Cain’s accuser, Sharon Bialek, is a former CBS employee with a “track record.” Given her checkered past, a chuckling Kurtis posited that Bialek‘s and Cain’s roles in the alleged car-incident could even have been reversed.

Some of Kurtis’ observations on Bialek were as follows:

“She has a history.”
“There is a lot more to this story.”
“I can assure you that there will be far more to this story.”
“Let’s put Herman or Sharon in the car and say their roles may even have been reversed, given her track record here.”
Bialek worked for CBS radio station WCKG from 2006-2007.

Listen to the clip below:

Levin brings up a point worth considering: Why is this story not making its rounds in the mainstream media, and why are voices like Kurtis’ being confined to select talk radio stations? Kurtis’ segment aired on Monday and thus far, precious few news outlets are delving into Bialek’s questionable history.

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 Read More at The Blaze By Tiffany Gabbay, The Blaze

Obama, Liberals Want to Steal the Pentagon’s Pot of Gold

On this Veteran’s Day 2011, our thoughts should turn once again toward our military, who find themselves busier than they have been in recent memory. Despite the tempo of current operations, our president appears determined to govern a peacetime force by way of withdrawal and drawback.

If the budget committee fails to reach an agreement, the military stands to be cut by epic proportions, which they seem poised to do, barring any eleventh-hour deal. These cuts should come as no surprise to anyone considering that this is what usually happens when a liberal Democrat is in the Oval Office.

With dollar signs in their eyes, liberals ignore the federal government’s core responsibility of defending its citizens, and instead salivate over the opportunity to get their hands on what they perceive as the Pentagon’s “pot of gold.”

Military recruitment requirement numbers are already down, and Defense Secretary Leon Panetta has been given a deadline from on high to slash defense spending by $450 billion. According to the New York Times, Panetta described “the president as closely involved” in the discussions to reduce Pentagon spending, which may include a reduction in military medical and retirement benefits, additional base closings, pulling troops out of Europe, cutting the nuclear arsenal, reducing the overall troop force, and reducing weapon purchases.

It is customary to reduce defense spending between wars. Budget hawks from both sides of the isle would agree that trimming excess fat is necessary, but, when it comes to defense spending, cuts should be painstakingly executed, considering that the War on Terror is ongoing, and defense spending is not the reason for America’s current economic predicament.

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 Read More at Floyd Reports By Susan Stamper Brown, Floyd Reports