It’s the ECONOMY, Stupid!

Posted by on May 9, 2011 8:36 pm
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I have not been spending any time to gather any information or details or anything about the death of Osama. This buzz of news will eventually quiet down, but the cost of living and economy are not going away any time soon. I truly do believe that a former chairman of the Federal Reserve in KC, MO (also former CEO of Godfather Pizza), Herman Cain can defeat Barack Obama. Any of the presently announced or soon to be announced GOP Governors can also defeat Barack Obama. Your wallet is simply not going to allow you to forget that – It’s the ECONOMY, stupid. I found an excellent website to copy the bar graphs. The bar graph on the federal deficit is a major blow against Obama getting reelected. Those last three years of deficits are at unsustainable, uncharted economic waters that a majority of Americans can not support.

Let me explain a little bit about the bar graphs for each of the states that has a former governor running or expected to be running for president. Each of the graphs is from 1992 to 2011, so that a governor can be compared to how well his predecessor or successor has done. Each graph represents the total spending of each state as a percent of GDP. Keeping that percent under 20% is necessary to sustain balance, and all of these states have laws requiring a balanced budget.

Mike Huckabee was Governor of Arkansas from 1996 to 2008. He spent more than his predecessor, James Guy Tucker, but he was careful not to get indicted for fraud like Gov. Tucker.

Mitch Daniels has been the Governor of Indiana since November 2004. The spending has been higher than it was with his predecessors, Gov. Evan Bayh and Gov. Frank O’Bannon, but the last three years shows an excellent trend of a decline in the spending.

Mitt Romney was Governor of Massachusetts for one term 2002 to 2006. He and his predecessor, Jane Swift, have the best records for this time period between 1992 and 2011 in Massachusetts.

Tim Pawlenty was Governor of Minnesota from 2002 to 2010. The spending in Minnesota is lower under Pawlenty than under his predecessor, Jesse Ventura. The same excellent trend of a decline in spending that Mitch Daniels has occurred in Pawlenty’s last three budgets. In my opinion Tim Pawlenty does have the best budget record to run on.

Chris Christie has been Governor of New Jersey since November 2009. He does not have as many budgets as the other governors, but as with Pawlenty and Daniels, the downward trend line looks promising.

Gary Johnson was Governor of New Mexico from 1994 to 2002. The spending in New Mexico was less under Gary Johnson than his predecessor for his first term. In his second term the spending had gradually increased by more than his predecessor, Gov. Bruce King, but both of the terms of his successor, Bill Richardson, are very much higher than any spending under Gary Johnson.

Arkansas is the only one of these states that is Right-to Work, and Indiana is the only one of these states that votes Republican for President the majority of the time. Now I know you can find displeasure or warts or whatever on anyone if you look deep enough. I am telling you that I believe any one of these Governors and Herman Cain have the better records of executive leadership and economics than Obama to defeat him in 2012. Please remember – It’s the ECONOMY, stupid!

One response to It’s the ECONOMY, Stupid!

  1. streetwise May 9th, 2011 at 10:02 pm

    The poison pill for Obama will be when people ask “what did we get for all that borrowing?”

    So let’s start asking!

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