Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
MUST WATCH Before You Waste Money on Buying A New PC Computer System - 27th Nov 20
Gold: Insurance for Prudent Investors, Precious Metals Reduce Risk & Preserve Wealth - 27th Nov 20
How To Spot The End Of An Excess Market Trend Phase - 27th Nov 20
Snow Falling Effect Christmas Lights Outdoor Projector Amazon Review - 27th Nov 20
4 Reasons Why You Shouldn't Put off Your Roof Repairs - 27th Nov 20
Further Clues Reveal Gold’s Weakness - 26th Nov 20
Fun Things to Do this Christmas - 26th Nov 20
Industries that Require Secure Messaging Apps - 26th Nov 20
Dow Stock Market Trend Analysis - 25th Nov 20
Amazon Black Friday Dell 32 Inch S3220DGF VA Curved Screen Gaming Monitor Bargain Deal! - 25th Nov 20
Biden the Silver Bull - 25th Nov 20
Inflation Warning to the Fed: Be Careful What You Wish For - 25th Nov 20
Financial Stocks Sector ETF Shows Unique Island Setup – What Next? - 25th Nov 20
Herd Immunity or Herd Insolvency: Which Will Affect Gold More? - 25th Nov 20
Stock Market SEASONAL TREND and ELECTION CYCLE - 24th Nov 20
Amazon Black Friday - Karcher K7 FC Pressure Washer Assembly and 1st Use - Is it Any Good? - 24th Nov 20
I Dislike Shallow People And Shallow Market Pullbacks - 24th Nov 20
Small Traders vs. Large Traders vs. Commercials: Who Is Right Most Often? - 24th Nov 20
10 Reasons You Should Trade With a Regulated Broker In UK - 24th Nov 20
Stock Market Elliott Wave Analysis - 23rd Nov 20
Evolution of the Fed - 23rd Nov 20
Gold and Silver Now and Then - A Comparison - 23rd Nov 20
Nasdaq NQ Has Stalled Above a 1.382 Fibonacci Expansion Range Three Times - 23rd Nov 20
Learn How To Trade Forex Successfully - 23rd Nov 20
Market 2020 vs 2016 and 2012 - 22nd Nov 20
Gold & Silver - Adapting Dynamic Learning Shows Possible Upside Price Rally - 22nd Nov 20
Stock Market Short-term Correction - 22nd Nov 20
Stock Market SPY/SPX Island Setups Warn Of A Potential Reversal In This Uptrend - 21st Nov 20
Why Budgies Make Great Pets for Kids - 21st Nov 20
How To Find The Best Dry Dog Food For Your Furry Best Friend?  - 21st Nov 20
The Key to a Successful LGBT Relationship is Matching by Preferences - 21st Nov 20
Stock Market Dow Long-term Trend Analysis - 20th Nov 20
Margin: How Stock Market Investors Are "Reaching for the Stars" - 20th Nov 20
World’s Largest Free-Trade Pact Inspiration for Global Economic Recovery - 20th Nov 20
Dating Sites Break all the Stereotypes About Distance - 20th Nov 20
THE STOCK MARKET BIG PICTURE - Video - 19th Nov 20
Reasons why Bitcoin is Treading at it's Highest Level Since 2017 and a Warning - 19th Nov 20
Media Celebrates after Trump’s Pro-Gold Fed Nominee Gets Blocked - 19th Nov 20
DJIA Short-term Stock Market Technical Trend Analysis - 19th Nov 20
Demoncracy Ushers in the Flu World Order How to Survive and Profit From What Is Coming - 19th Nov 20
US Bond Market: "When Investors Should Worry" - 18th Nov 20
Gold Remains the Best Pandemic Insurance - 18th Nov 20
GPU Fan Not Spinning FIX - How to Easily Extend the Life of Your Gaming PC System - 18th Nov 20
Dow Jones E-Mini Futures Tag 30k Twice – Setting Up Stock Market Double Top - 18th Nov 20
Edge Computing Is Leading the Next Great Tech Revolution - 18th Nov 20
This Chart Signals When Gold Stocks Will Explode - 17th Nov 20
Gold Price Momentous ally From 2000 Compared To SPY Stock Market and Nasdaq - 17th Nov 20
Creating Marketing Campaigns Using the Freedom of Information Act - 17th Nov 20
ILLEGITIMATE PRESIDENT - 17th Nov 20
Stock Market Uptrend in Process - 17th Nov 20
How My Friend Made $128,000 Investing in Stocks Without Knowing It - 16th Nov 20
Free-spending Biden and/or continued Fed stimulus will hike Gold prices - 16th Nov 20
Top Cheap Budgie Toys - Every Budgie Owner Should Have These Safe Bird Toys! - 16th Nov 20
Line Up For Your Jab to get your Covaids Freedom Pass and a 5% Work From Home Tax - 16th Nov 20
You May Have Overlooked These “Sleeper” Precious Metals - 16th Nov 20
Demystifying interesting facts about online Casinos - 16th Nov 20
What's Ahead for the Gold Market? - 15th Nov 20
Gold’s Momentous Rally From 2000 Compared To Stock Market SPY & QQQ - 15th Nov 20
Overclockers UK Quality of Custom Gaming System Build - OEM Windows Sticker? - 15th Nov 20
UK GCSE Exams 2021 CANCELLED! Grades Based on Mock Exams and Teacher Assessments - 15th Nov 20

Market Oracle FREE Newsletter

How to Get Rich Investing in Stocks by Riding the Electron Wave

Santorum To Economic Collapse

ElectionOracle / US Presidential Election 2012 Jan 08, 2012 - 07:42 AM GMT

By: LewRockwell

ElectionOracle

Best Financial Markets Analysis ArticleDave Trotter writes: And now, a completely obvious prediction: Rick Santorum, the latest "anybody but Romney" Flavor of the Month, will see his numbers collapse unceremoniously before the South Carolina primary – just like Bachmann, Perry, Cain, and Gingrich before him.


After all, if Gingrich’s conservative bona fides weren’t sufficient for limited-government conservative voters, even casual scrutiny of Santorum’s record of big government spending should prove to be particularly damaging with the same group. While ensconced in senatorial power, Santorum voted for No Child Left Behind, the $1 Trillion prescription drug benefit, and the Iraq war, for starters. And like Gingrich, Santorum's also "not a lobbyist."

What will undoubtedly offend evangelicals, upon discovery, is that Santorum notoriously supported the "pro-choice" Arlen Specter for reelection against the much more conservative, pro-life primary challenger Pat Toomey in 2004. Some have argued that Toomey’s credible primary challenge against establishment incumbent Specter was the precursor to the rise of Tea Party candidates nationally. Given the chance to buck the Republican establishment as exemplified by George W. Bush, and throw in behind upstart Toomey, Santorum chose instead to scuttle the infancy of limited-government conservative revolution.

Santorum, it should be clear, is an establishment man – just like Romney.

Before he was summarily ejected from office in 2006, Santorum doubled down on George W. Bush’s notion of "compassionate conservatism." In a long-belated response to Hillary Clinton’s controversial book It Takes a Village, which offends by promoting secular statist dominion over American children at the expense of the family, Santorum wrote It Takes a Family – promoting religious-statist intervention into American family life – all to promote an eerily similar "common good," or as others have described it, "Communitarian Conservatism."

Rick Santorum is no Tea Party candidate, nor does his record reflect any allegiance to limited government principles.

Of course one must also award War Party credit where it’s due: amidst a cluttered primary field of foaming interventionist neoconservatives, Santorum’s hyperbolic fear mongering over Iran’s infantile nuclear ambitions distinguished him during the debates – as an even more enthusiastic warmonger than most. He’s seemingly never met a potential international conflict that he didn’t embrace – Iraq, Afghanistan, Pakistan, and now Iran – and he’s also an outspoken proponent of the domestic police state, voting for the Patriot Act, its repeated reauthorization, as well as the formation of Big Sis.

In terms of foreign policy and the domestic security state, Santorum presents no significant differences from Romney – or Obama.

In the general election against Obama, however, Santorum’s prospects dim further. As an outspoken, big government "social conservative," Santorum stands very little chance of garnering support from liberals and independents. His foreign policy views won’t gain anti-war moderate, liberal, or otherwise independent supporters from Obama, as Ron Paul would. Considering Santorum’s shrill cries to launch yet another unconstitutional war with Iran, it’s inconceivable that Ron Paul supporters would support him as the Republican nominee, if Gary Johnson is available on the ballot as the Libertarian Party candidate.

Of course none of this matters after Iowa, where Santorum’s timely, inexplicable surge helped accomplish precisely the GOP establishment’s immediate desire: that Ron Paul not win the Iowa caucuses.

Nevertheless, as Ron Paul noted in his Iowa concession speech, only two frontrunners emerged from Iowa with sufficient strength to continue to prosecute a successful national campaign: Paul and Romney. Ron Paul raised $13 million during the fourth quarter of 2011, $5 million more than he raised in the third quarter and his fundraising shows no signs of abating.

Furthermore, despite officially coming in third in Iowa, Ron Paul is currently tied in the delegate count with Romney and Santorum, with seven "soft-pledged" delegates each. The Iowa caucus results are non-binding, meaning that delegates can ultimately support whomever they like, regardless the caucus results. Paul’s supporters who volunteered to be Iowa county delegates will play a direct role in determining how the state’s delegates are allotted, part of a larger Paul strategy to force a long nominating process by concentrating on caucus states. The race is far from over, and Ron Paul will have funds to compete until the convention.

Where will things go from here?

Two dynamics have proven consistent thus far, making some predictions easy. (1) Aversion to Mitt Romney will likely continue amongst Republican primary voters, leading to the incessant rotation of the "anybody but Romney" Flavors of the Month. (Santorum’s rise as the newest GOP Flavor of the Month, therefore, portends his imminent fall.) (2) The GOP establishment will continue to actively organize to prevent Ron Paul from winning state primary contests.

As a "social conservative," Santorum isn’t expected to do well in New Hampshire, and I’m betting that scrutiny of his record will render him obsolete as an option before South Carolina. So who will serve as the next "totally unexpected" GOP establishment spoiler, to enable a Romney victory in New Hampshire and relegate Paul to third? The likely and obvious candidate is Jon Huntsman, who skipped Iowa and is already getting mainstream press about "pulling a Rick Santorum."

New Hampshire still uses the same institutionally vulnerable Diebold electronic voting machines as in 2008, so the odds of GOP establishment chicanery are even higher than in Iowa. After all, the establishment that Ron Paul threatens remains firmly in control of the levers and dials of the pollsters and the voting machines.

If Huntsman indeed serves the role of Romney-enabler in New Hampshire, as the new-new Flavor of the Month for the soon-to-be deposed Santorum, expect for him to yield to yet another establishment candidate by South Carolina. Perhaps Perry makes a momentary resurgence?

If the GOP establishment has its ultimate wish fulfilled, each primary will winnow the field a touch further, never yielding a significant victory to Ron Paul – and more importantly, never forcing an acknowledgement of the public’s war-weariness – until in the very end, the "inevitability" of Mitt Romney is finally "proven" – through an exhaustive process of elimination.

In this vision, Romney v. Obama, the establishment presents to the American electorate the false "choice" between virtual mirror images: banker-owned warmonger R and banker-owned warmonger D. The military-industrial complex, big insurance, big pharma, big oil corporatists, and other crony collectivists will rejoice, regardless the outcome.

The American people will win more of the same in this story: more war, more debt, more groping, more surveillance, a former world reserve currency, and the ruins of a bankrupt empire.

The onus is apparently on Ron Paul supporters alone to be the monkey wrench in the establishment machine that prevents Romney’s coronation.

Dave Trotter [send him mail] is a technical communications manager in Central Texas. Follow him on Twitter.

http://www.lewrockwell.com

© 2012 Copyright Dave Trotter - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules