Skip to comments.MARC FABER: If I Had To Vote For Obama Or Romney, I'd Shoot Myself
Posted on 08/08/2012 10:42:37 AM PDT by blam
MARC FABER: If I Had To Vote For Obama Or Romney, I'd Shoot Myself
Aug. 8, 2012, 11:43 AM
Marc Faber, the famous investor and strategist, says that neither candidate in the upcoming U.S. Presidential election is worth voting for, at least if the goal is fixing the economy.
In fact, says Faber, the Thailand-based author of the Gloom, Boom & Doom Report, if you put a gun to his head and told him to pick a candidate to vote for, he'd say, "shoot."
Why is Faber so negative on the two candidates?
Because he thinks neither Barack Obama nor Mitt Romney will have the balls to do what it takes to get the economy back on track, which, in his opinion, is significantly cut government spending AND modestly raise taxes. Rather, he thinks, both candidates will just focus on remaining popular.
Given that America will almost certainly choose one of these two candidates to be its next President, what is Faber's outlook for the U.S. economy?
Continued crappy growth.
Faber's outlook for the rest of the world, meanwhile, is even less encouraging. Europe is already in a recession, he says, and Asia's growth has peaked and is starting to decline.
Interestingly, Faber is not running away from stocks as a result of this dour view. Rather, he is starting to buy some stocks in Europe, because the valuations have gotten so slammed that he now finds the risk/reward profile attractive. And, with almost every government on earth trying to print its way out from under its huge debt load, Faber still remains a big fan of gold.
(Excerpt) Read more at businessinsider.com ...
So? Write in someone more worthy.
I could not disagree more with this assessment. How can one compare a community organizer with someone who ran Bain Capitol? Mitt is going to start by getting our energy policy back on track with the Keystone pipeline being the first move. I don’t think Marc is dealing with a full deck.
Some guy ran off to Thailand rather than staying here to help fix things and I’m supposed to listen to his opinions? Maybe on Thai cuisine, but not on politics or the economy.
I'm voting for the one who isn't a Communist.
...and re-elect Dear Leader Obama for four more glorious years so that the USSA can be completed.
Faber is absolutely right. Romney is a disaster. The only “cure” is a collapse of the economy. Americans need to be bitch-slapped back to reality. But, if Romney wins, the collapse will probably occur on his watch and the left will lie and lie and lie until 40% of Americans believe that it was the fault of “unrestrained” capitalism, and another 30%-40% will be afraid of contradicting the “mainstream” opinion.
The only possible good scenario is for the implosion to happen before the election. Romney then might have the testicles to do what needs to be done....nah, I’m just dreaming.
We are screwed.
The worst case scenario is that he'll harm my beloved country far less than will Osama Obama.
Your call, vote for your own destruction, or vote against it.
I loved his work with Grand Funk Railroad.
The economy is going to collapse.
If Romney is in office when America’s chickens come home to roost, the ‘rats will run against him, republicans, free enterprise and decency for a minimum of two generations.
If obama is in office, the republicans will forgive and forget before his term is up.
A pox on both their houses.
” I’m voting for the one who isn’t a Communist. “
and wants to destroy our economy, our morals, and ethics.
Seems like an easy call to me.
Faber is just being Faber here.
Utter crap. Look, either Obamugabe or Mitt is going to be inaugurated in January. That is reality.
I know that causes a lot of consternation among some, but it is what it is.
And I believe the evidence, if only from the private sector and management perspectives, shows Romney is much better.
MARC FABER has voted - with his feet - he’s chosen NOT to live in the United States. If he lived here he’d know there’s more riding on this election than just stocks...
Obama needs to be voted out of office to avoid World War III...
Also, it ain’t hard to call a monetary collapse, when all we do is spend money we don’t have : )
Romney will be a disaster. He will do almost all of the same things Obama will do, but with the full support and blessing of the Republican establishment. Better the bad things happen under a D President than an R President, as far as I’m concerned.
Both will drive us to disaster, Obama at 75 mph and Romney at 65 mph. What a choice!
I'm inclined to vote against both of them.
In my dearest fantasy, some day someone I can vote for will be on the ballot.
As long as we vote against the much, much worse candidate, the other party will have zero incentive to put anyone worthy on the ticket.
If you are happy voting for the one who smells of sulfur just to keep the one who reeks of sulphur out, more power to you.
Some day you'll be able to hold your head high and proudly proclaim "I voted for slow destruction!"
sadly this is the way I will need to vote. Not a lot of cheering here but will hold my nose and check my vote for Romney. Not doing so WILL mean the end. Obama will destroy us. PERIOD!