Mitt Romney advisor says the USA is headed for economic boom times

Hong Kong (CNN) -- If there's been one consistent thread running through the U.S. economic story since 2008, it's been the steady drumbeat of gloom.
Outright recession or sub-standard growth, stubbornly high unemployment and fiscal crises have been the topics du jour when it comes to the world's biggest economy.
But now an unlikely champion for U.S. growth under the Obama administration has emerged -- a former adviser to a Republican Party presidential candidate and Harvard history professor, Niall Ferguson, who says America could actually be heading toward a new economic "golden age."


For the recently reelected U.S. president though, the energy boom looks like it could provide a welcome tailwind for his second term.
It's something that Ferguson acknowledges -- though one suspects through gritted teeth.
As a supporter of Mitt Romney he penned a controversial pre-election cover story in Newsweek headlined "Hit the Road, Barack," which was highly critical of the president's first term.
He concedes the irony that the president will now be the beneficiary of the "good times that lie ahead."

I've seen that reported on the news.

What Romney was promising was what may well happen for any president in office now.

Obama may have done all the right things and only in the second term will we see it. If it had been Mitt Romney he would have boasted it was all his doing and try to set himself up for a second term.

Ernst said:

I've seen that reported on the news.

What Romney was promising was what may well happen for any president in office now.

Obama may have done all the right things and only in the second term will we see it. If it had been Mitt Romney he would have boasted it was all his doing and try to set himself up for a second term.

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I have said it a hundred times. There will be no economic recovery until the Republicans try to take credit for it
With Obama in office for 4 more years they are denied even that

Easy boys. Don't start sucking each others dicks in a victory celebration, just quite yet. If there is a boom in the next 5-10 years derived from taking advantage of natural energy resources, it will be DESPITE this administration's policies and due to wise decision making at the state level. It sure as fuck won't be from green energy or anything that's being force fed to the populace by current liberal chuckleheads.

MuyLocoNC said:

Easy boys. Don't start sucking each others dicks in a victory celebration, just quite yet. If there is a boom in the next 5-10 years derived from taking advantage of natural energy resources, it will be DESPITE this administration's policies and due to wise decision making at the state level. It sure as fuck won't be from green energy or anything that's being force fed to the populace by current liberal chuckleheads.

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Sure, the majority of the states can take credit for an energy boom, although you will never be able to explain how they joined and created coherent policy between them all. Obama will never ever be able to take credit for anything in the ant-obama universe and people will find any explaination no matter how irrational in order to deprive Obama from that credit. It was the states.... It was the senate... it was seal team 6... it was hurricane Sandy..... it was just dumb luck. No, it can't ever be Obama because he is stupid and lazy and unamerican.

No, it can't ever be green energy, that will never work, only fossil fuels can ever be a solution. The same way we are still using whale oil for lighting because that electricity thing is for carnivals and sideshows.

I've read the facts and the amount of wells they will need to drill is staggering. Each well drilled will decline in production by close to 35 percent a year. Seems like we are just gonna make a big mess.

canndo said:

Sure, the majority of the states can take credit for an energy boom, although you will never be able to explain how they joined and created coherent policy between them all. Obama will never ever be able to take credit for anything in the ant-obama universe and people will find any explaination no matter how irrational in order to deprive Obama from that credit.No, it can't ever be green energy, that will never work, only fossil fuels can ever be a solution. The same way we are still using whale oil for lighting because that electricity thing is for carnivals and sideshows.

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Two problems with your reply. First, the states will have to actively circumvent this administration's policies for a boom to materialize. Second, you seem to miss the portion of the very post you quoted where I specifically say "in the next 5-10 years". Which completely immasculates your condescension. Despite that and not surprisingly, the resident buffoon "liked" your post anyways.

Ernst said:

I've seen that reported on the news.

What Romney was promising was what may well happen for any president in office now.

Obama may have done all the right things and only in the second term will we see it. If it had been Mitt Romney he would have boasted it was all his doing and try to set himself up for a second term.

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You're exactly correct, from an economic standpoint, the things Obama did could very much be likened to Not Sure in the movie Idiocracy. He poured toilet water on the crops. People crying welfare queen and entitlements and who think austerity can work can watch as a liberal response to tough economic times works well, just as the New Deal worked well. The only way the opponents of these policies can affect popular opinion against them is to appeal to bigoted values.

MuyLocoNC said:

Two problems with your reply. First, the states will have to actively circumvent this administration's policies for a boom to materialize. Second, you seem to miss the portion of the very post you quoted where I specifically say "in the next 5-10 years". Which completely immasculates your condescension. Despite that and not surprisingly, the resident buffoon "liked" your post anyways.

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The resident bufoon makes more money than you, is smarter than you and holds a higher status in life than you do window treatment monkey.

Now go back to hating minorities becuase they threaten your liveliehood

MuyLocoNC said:

Two problems with your reply. First, the states will have to actively circumvent this administration's policies for a boom to materialize. Second, you seem to miss the portion of the very post you quoted where I specifically say "in the next 5-10 years". Which completely immasculates your condescension. Despite that and not surprisingly, the resident buffoon "liked" your post anyways.

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You seem to ignore the fact that we are in a boom now and that our primary export is no gasoline, and that we are producing more fuel now than at any time in the Bush years. States did that you say? States can circumvent Fed law and lease fed land? You also fail to explain what exactly, are Obama's polices that supposedly are curtailing fuel production. We both kno that portions of what ever policy exist carry over into following years - so the first few years of Obama's boom must surely have been as a result of something Bush did, but you are looking even now to do what so many on the right complain so hard about - setting up a situation whereby you can blame Obama in 5 to 10 years if the "states" don't succeed in doing whatever it is that you claim they are going to do to enhance this "boom". The fact is that green energy will be our salvation and those who scoff are the same who scoff at any new advance or paradigm.

abandonconflict said:

You're exactly correct, from an economic standpoint, the things Obama did could very much be likened to Not Sure in the movie Idiocracy. He poured toilet water on the crops. People crying welfare queen and entitlements and who think austerity can work can watch as a liberal response to tough economic times works well, just as the New Deal worked well. The only way the opponents of these policies can affect popular opinion against them is to appeal to bigoted values.

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We have already heard the crys of doom and ultimate failure from Uncle Wally and Grandpa Norm round the thanksgiving dinner table yesterday. "this country is going to hell I tell you - HELL, just you wait and see - this Obama character is going to be the ruination of us all". Never mind that the last guy almost was and that we are all still here, and all still able to afford that turkey and those marshmallows slathered all over those sweet potatoes.

Gee - it almost seems as though the right wants this country to fail - nahhh - they wouldn't want that, after all, it's their couuntry too, right?



I heard a caller on a liberal talk show rail about the same thing - people are going down! things are failing, it won't work. The guy, at the same time was bragging that he was calling from his brand new cadillac and HE.... was doing just fine. Whereupon the liberal host said, well, seems as though we here at the station are as well, so..... what's the problem?

ChesusRice said:

The resident bufoon makes more money than you, is smarter than you and holds a higher status in life than you do window treatment monkey.

Now go back to hating minorities becuase they threaten your liveliehood

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Well sure Chesus, but the true measure of sucess is happiness - and believe it or not, recent studies indicate that conservatives are, on the whole happier than liberals. Course the study was done before the election.

Lol, muyloco is making more predictions. What a dumbass.

UncleBuck said:

Lol, muyloco is making more predictions. What a dumbass.

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He has a lot of time to ponder the future as he works in his high paying window treatment job

Is there good money in curtains? I should diversify the treadmill gig.

UncleBuck said:

Is there good money in curtains? I should diversify the treadmill gig.

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I have seen the future, and it is blinds. cn

Romney's advisors gave such bad advice,he lost.But you believe them when they say the economy will boom?His advisors are incompetant.You all just want to believe what benefits your side,when said by your enemy.That's worse than incompetant,it's pathetic.

Canna Sylvan said:

Romney's advisors gave such bad advice,he lost.But you believe them when they say the economy will boom?His advisors are incompetant.You all just want to believe what benefits your side,when said by your enemy.That's worse than incompetant,it's pathetic.

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So then we were right in not believing Romney would improve anything?

canndo said:

We have already heard the crys of doom and ultimate failure from Uncle Wally and Grandpa Norm round the thanksgiving dinner table yesterday. "this country is going to hell I tell you - HELL, just you wait and see - this Obama character is going to be the ruination of us all". Never mind that the last guy almost was and that we are all still here, and all still able to afford that turkey and those marshmallows slathered all over those sweet potatoes.

Gee - it almost seems as though the right wants this country to fail - nahhh - they wouldn't want that, after all, it's their couuntry too, right?



I heard a caller on a liberal talk show rail about the same thing - people are going down! things are failing, it won't work. The guy, at the same time was bragging that he was calling from his brand new cadillac and HE.... was doing just fine. Whereupon the liberal host said, well, seems as though we here at the station are as well, so..... what's the problem?

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Cognitive dissonance demonstrated.

ChesusRice said:

The resident bufoon makes more money than you, is smarter than you and holds a higher status in life than you do window treatment monkey.

Now go back to hating minorities becuase they threaten your liveliehood

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In your fucking dreams, go punch a time card. I retired in 2005 with more savings than you will ever see in your lifetime. My investments alone would crush your wallet. I'd be willing to bet the gold and silver I have in my safe is more than you make in ten years, you putz. YOU make a couple of fictitious posts about me being worried about minorities taking my job (which I don't even have), repeat several times and think you have a talking point against me? Nice try dipshit. And my accumulated savings aside, I'm willing to bet I clear more annually from my part-time business than you do from your full-time work-a-day gig. I won't bother touching the intelligence claim, EVERYONE on this forum knows you're a complete idiot, even your colleagues.