The Election: How it Happened and What’s Next

Editor’s Note: Now that the elections are over and our leaders are back in Washington, their first order of business is to address the looming Fiscal Cliff that’s just about six weeks away.

Below is a timely message our Freedom & Prosperity Letter Editor Charles Goyette sent to his subscribers earlier this week. It can help you to see just how much is at stake, how we can expect to see it handled and what that really means for you.

Larry Edelson

How do you get a president re-elected with an unemployment rate hovering around 8%?

Simple. You arrange for the other party to do three things:

1) When the people are resentful of bailouts for Wall Street and crony capitalism, you get the other party to nominate a representative of the crony classes.

2) When the people are sick and tired of elective foreign wars and the bankrupting cost of the military empire, you get the other party to nominate a candidate who surrounds himself with wild-eyed neocon warmongers — the very crew that sold the nation on the last bogus war rationale. (It helps if he also promises to grow the bloated defense budget.)

3) And you get the other party’s nominee to alienate the energized, grassroots supporters of one of his primary opponents. There is a lot of talk from the usual suspects about the Republican’s aging demographics, but they did it to themselves — slamming the door on a tidal wave of young Ron Paul supporters.

Now, did the Democrats arrange for the Republicans do all three of those things?

No, the Democrats were not smart enough to get the Republicans to do all that. The Republicans did it all by themselves.

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Urgent: New Recommendation

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The markets got pummeled in reaction to Obama’s win. But while the plunge in the DOW may have surprised a lot of investors, we were ready for it.

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Obama’s Secret Plan to Crush Your Retirement

According to Weiss Research income and retirement specialist, Nilus Mattive, President Obama already has his sights set on one BIG step that could decimate your retirement nest egg.

To be clear, this is NOT about Obamacare, dividend taxes, or even Social Security.  It’s about a tiny provision … one that President Obama has already tried to slip through twice before … and that he will almost certainly get done now that his second term has been secured.

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Obama’s Secret Plan to Crush Your Retirement

According to Weiss Research income and retirement specialist, Nilus Mattive, President Obama already has his sights set on one BIG step that could decimate your retirement nest egg.

To be clear, this is NOT about Obamacare, dividend taxes, or even Social Security.  It’s about a tiny provision … one that President Obama has already tried to slip through twice before … and that he will almost certainly get done now that his second term has been secured.

All the details on this new assault on your retirement savings are in Nilus’ brand-new video, Obama’s Secret Plan to Crush Your Retirement.

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Your Post-Election Profit Strategy

After a heated election season, it’s finally over. Your #1 job as an investor is figuring out the best ways to profit now that a major cloud of uncertainty has been removed from the market.

One of our top analysts discovered a handful of potential windfall opportunities that could make you richer than Midas in no time flat now that President Obama has another four years in the Oval Office. He has just put the finishing touches on a comprehensive, actionable report that will explain exactly where you should be investing your wealth.

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Now, for the Next Order of Business …

So what can we expect in the months ahead? Do the two parties march the nation headlong over the Fiscal Cliff?

A cynic might come up with a game-theory argument that, if nobody does anything, nobody gets blamed for anything.

Accordingly, the tax cuts would expire and the sequestration spending cuts, on automatic pilot without any action to stop them, would just kick in.

Nobody’s fingerprints would be on the taxes or the cuts. Nobody would be to blame.

A naïve optimist might say that the severity of the crisis and the clear defeat the Republicans suffered on Tuesday means that a window of cooperation will prevail in which elected officials of goodwill work together to solve the problem responsibly before the end of the year.

Perhaps a scattering of them will try that approach.

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Internal Sponsorship

Your Post-Election Profit Strategy

After a heated election season, it’s finally over. Your #1 job as an investor is figuring out the best ways to profit now that a major cloud of uncertainty has been removed from the market.

One of our top analysts discovered a handful of potential windfall opportunities that could make you richer than Midas in no time flat now that President Obama has another four years in the Oval Office. He has just put the finishing touches on a comprehensive, actionable report that will explain exactly where you should be investing your wealth.

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Your Post-Election Profit Strategy

After a heated election season, it’s finally over. Your #1 job as an investor is figuring out the best ways to profit now that a major cloud of uncertainty has been removed from the market.

One of our top analysts discovered a handful of potential windfall opportunities that could make you richer than Midas in no time flat now that President Obama has another four years in the Oval Office. He has just put the finishing touches on a comprehensive, actionable report that will explain exactly where you should be investing your wealth.

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Your Post-Election Profit Strategy

After a heated election season, it’s finally over. Your #1 job as an investor is figuring out the best ways to profit now that a major cloud of uncertainty has been removed from the market.

One of our top analysts discovered a handful of potential windfall opportunities that could make you richer than Midas in no time flat now that President Obama has another four years in the Oval Office. He has just put the finishing touches on a comprehensive, actionable report that will explain exactly where you should be investing your wealth.

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Your Post-Election Profit Strategy

After a heated election season, it’s finally over. Your #1 job as an investor is figuring out the best ways to profit now that a major cloud of uncertainty has been removed from the market.

One of our top analysts discovered a handful of potential windfall opportunities that could make you richer than Midas in no time flat now that President Obama has another four years in the Oval Office. He has just put the finishing touches on a comprehensive, actionable report that will explain exactly where you should be investing your wealth.

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A Sober Warning for Gold Buyers – From A Gold Bug

After recommending the yellow metal for more than a decade, one outspoken gold bug is now taking a step back to issue a critical warning.

He says there’s a new threat to the world’s gold supply – endangering every bar and coin, and threatening to leave thousands in financial ruin.

Some of the world’s top gold industry experts have already been victimized …

And there’s a good chance you could be next.

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When He Felt the Heat, He Saw the Light

I prefer another assessment, neither cynical nor optimistic, but realistic and based on experience. Ronald Reagan gave voice to this realism once when he signed a bill he had opposed. “When I feel the heat, I see the light,” he said.

One congressman I know voted for the Bush bailout bill in 2008, despite knowing that it was a boondoggle and bad economics. Although he later apologized for his vote, he voted for it nonetheless.

He told a mutual friend why: “It’s hard to say no when you have every CEO in your district calling for you to support something.”

For a congressman dependent on campaign contributions, there is heat involved in telling the money interests no.

Right now many of America’s business leaders are aggressively pushing for a solution to the Fiscal Cliff. They unanimously decry the financial uncertainty. It’s impossible to make plans and commit capital.

It’s bad for jobs. It’s bad for business.

“Fix the Debt” is an organization founded by former Clinton White House chief of staff Erskine Bowles and former Republican Senator Alan Simpson. They were co-chairmen of President Obama’s bipartisan debt panel, the commission that bears their names: Simpson-Bowles.

“Fix the Debt” has assembled a council of 80 corporate CEOs from Microsoft, Aetna, Goldman Sachs, Time Warner, Motorola, Cisco, UPS, Bank of America, Merck, GE, Dow, JPMorgan Chase, Boeing and many other leading companies.

They want a grand bargain on the Fiscal Cliff, and they have raised $30 million to turn up the volume on their message.

They will apply heat to members of Congress to get their way. But be sure to note that many of these companies are crony capitalists — dependent themselves on fat government spending, defense contracts, bailouts and subsidies.

IFTHEN(FIELD9=1) {

Internal Sponsorship

A Sober Warning for Gold Buyers – From A Gold Bug

After recommending the yellow metal for more than a decade, one outspoken gold bug is now taking a step back to issue a critical warning.

He says there’s a new threat to the world’s gold supply – endangering every bar and coin, and threatening to leave thousands in financial ruin.

Some of the world’s top gold industry experts have already been victimized …

And there’s a good chance you could be next.

However, in this urgent video, you’ll learn exactly what this threat is… why it’s happening… and 3 simple strategies you can use today to protect yourself immediately.

Watch the video FREE here!

}

IFTHEN(FIELD9=2) {

Internal Sponsorship

A Sober Warning for Gold Buyers – From A Gold Bug

After recommending the yellow metal for more than a decade, one outspoken gold bug is now taking a step back to issue a critical warning.

He says there’s a new threat to the world’s gold supply – endangering every bar and coin, and threatening to leave thousands in financial ruin.

Some of the world’s top gold industry experts have already been victimized …

And there’s a good chance you could be next.

However, in this urgent video, you’ll learn exactly what this threat is… why it’s happening… and 3 simple strategies you can use today to protect yourself immediately.

Watch the video FREE here!

}

IFTHEN(FIELD9=3) {

Internal Sponsorship

A Sober Warning for Gold Buyers – From A Gold Bug

After recommending the yellow metal for more than a decade, one outspoken gold bug is now taking a step back to issue a critical warning.

He says there’s a new threat to the world’s gold supply – endangering every bar and coin, and threatening to leave thousands in financial ruin.

Some of the world’s top gold industry experts have already been victimized …

And there’s a good chance you could be next.

However, in this urgent video, you’ll learn exactly what this threat is… why it’s happening… and 3 simple strategies you can use today to protect yourself immediately.

Watch the video FREE here!

}

IFTHEN(FIELD9=4) {

Internal Sponsorship

A Sober Warning for Gold Buyers – From A Gold Bug

After recommending the yellow metal for more than a decade, one outspoken gold bug is now taking a step back to issue a critical warning.

He says there’s a new threat to the world’s gold supply – endangering every bar and coin, and threatening to leave thousands in financial ruin.

Some of the world’s top gold industry experts have already been victimized …

And there’s a good chance you could be next.

However, in this urgent video, you’ll learn exactly what this threat is… why it’s happening… and 3 simple strategies you can use today to protect yourself immediately.

Watch the video FREE here!

}

Wimpy Economics

Some agreement will be hammered out. Something designed to remove uncertainty today, to span the Fiscal Cliff — for now.

It may promise fiscal responsibility down the road, in 10 or 20 years. In Washington, 10 or 20 years down the road is meaningless. It’s all pie-in-the-sky.

It’s the same as Wimpy economics: “I’ll gladly pay you Tuesday for a hamburger today.”

Any solution that comes out of Washington will increase government spending. Here’s how you’ll know: It will include a great, big increase in the debt ceiling.

Remember, the level of taxation is equal to the level of government spending. If the debt ceiling is raised and government spending increases, someone will have to pay for it.

I’m looking at you.

For your Freedom and Prosperity,

Charles

P.S. As you can see, America has reached a tipping point. That’s why I’ve put together a Survival Kit to help you protect your finances, your family and your future from the turmoil ahead. And I want to get this valuable guide in your hands as quickly as possible.

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Your thoughts on “The Election: How it Happened and What’s Next”

  1. Thanks Charles,

    Boy did your 3 reasons ring true for me. I am a Ron Paul guy living in a swing state (Colorado). He’s the only one that says what’s best for America while the others will say anything to get votes.
    I was forced to vote for Obama because of the reasons you stated.

    1. I know what you mean Charles. I read those three reasons and found them to be so correct.

      However, I am sorry you voted for obammy! That makes you part of the problem. I don’t say this to be mean. Other than that, you sound like a perfectly reasonable person.

      I know they stole Ron Pauls electoral votes and the RNC LOST the election for them. But, at least Mitt Romney IS an American and IS NOT a Muslim.

      It’s just a same that because of folks like yourself, who deliberately voted obummer back in, NOW we ALL get to PAY THE PRICE.

      God bless and help us all.

    2. Forced to vote for Obama?You sound like a typical Democrat,believing that force makes right.If you’re a typical Ron Paul supporter,then he doesn’t have much support.

  2. Your title didn’t fit your essay content. Cut the partisan talk and just lay out the facts. I am disgusted with partisan politics and I won’t pay you one cent for political comment but I will pay you for unbiased nonpartisan discussions on financial strategies and options!

  3. Chas: Ron Paul ran and received his 15% to 16 %. If you RP supporters are willing to indirectly not support Romney you enabled the incompetent pseudo savant genius muslim hack obuma to be elected. obuma received .505 % of the vote. .47 % of the .505 % that voted for obama did not pay FEDERAL INCOME TAXES. So, .47% divided by .505 % = 92% of obama’s voters do not pay income taxes. How does that give obama a mandate to raise taxes. Sept 2008 bank in Calif and Washington State going bankrupt. People in line fighting threatening to shoot etc. If Bush and Paulson had not bailed the Banks that Sunday night then Monday morning the entire nation ( all states) would have been a run ON ALL Banks. Bedlam would have ensued. I did not realize Romney was a crony nor a neo-con warmonger. RP an isolationists. I support being in position to empact world from strength. You guys say euro will implode and U S dollar will implode. $16 trillion plus in Fed debt . How can it be paid? obuma says he will reduce expenses $1 trillion but I know that is an abject lie. The defecit will still be increasing every year. I would advise the Repubs to give obama and dems all the tax increase they want. Four years from now no Dem woul be elected. Did you see Bloomberg Mag report by Richard Teitlbaum dated 11-29-2011 How Paulson Gave hedge Fund Managers advanced word Of Fannnie and Freddie rerscue report??? Hey the fund managers knew along with Senators and Congressmen to sell securities and short the market June and July 2008. . Blatant inside info that I did not have nor given. With that inside info a John Paulson made millions. When does the US dollar loose world currency status?

  4. Mr. Bailey, As a Republican and a Muslim born in raised in America, also a US Military Veteran., your way of thinking and many others like yourself is causing the divisions within the American peoples. Insults to our commander and chief do not solve, nor united the peoples of America. President Obama openly admits his convictions to the Christian faith. Why do I must sadly admit “White America” continues to attack? I assume your ancestry is from Europe. If you know your European History, our peoples were in the dark ages until they were exposed to Muslim Spain.

    What would be wrong with a Muslim being placed in the helm of American Leadership? Islam has other concepts such as interest free banking. The Constitution of the US gives freedom of Religion. You should face the facts, there is now brown power in America, and this encompasses African Americans, Latino’s and other ethnic blends. The fact is, we the White Majority is now becoming coming the Minority (Get with the Program). Driving a pick-up truck with the stars and Bar Flag, and living in a trailer park with bias arcaded ideas does not make one a Republican.

  5. I just finished reading the NEWSMAX article ‘Christopher Ruddy’s Perspective on why Mitt Romney Lost’. Though I do agree with most of what he states, the ridicule of Chris Christie and the references to the two storms were just ridiculous. None of us even care what Chris Christie thinks or says. Even he understood this and showed it by announcing that Romney couldn’t win and denied being added to Romney’s ticket. To most of us, other than the NJ voters, who put him in office, think he is just the night watchman for our trash dump piles. The comments about the storms were also a laugh, because Mitt had already lost before the first rain drops even fell. If the polls, even on the Newsmax site, were not so biased giving either/or choices and contained all of the voters options, than maybe, Mr. Ruddy, The GOP and the rest of the world would have known Mitt had no chance to win without us. My purpose here is not to ridicule Mr. Ruddy’s Perspective, but to add some incite into the real reasons why Mitt Romney lost.

    Maybe Mr. Ruddy was told that the mere mention of ‘The Real Reason’ could be harmful to his own career or maybe he, like the media and most of the GOP denies that we even exist. We all learned in preschool that the ostrich can’t hide from the lion by hiding its head in the sand. Apparently Mr. Romney and the rest of the GOP were all attending Wall Street Bailout and company liquidation Lectures when this concept was taught to the rest of us.

    To ask us to vote for a guy who lost to the guy who lost to Obama in 2008 was a joke that could have muffled out ‘the shot heard round the world’. We understood our guy was the right guy and the only guy that could have beaten Obama. In the debates knew for sure since even the GOP wouldn’t allow fellow republicans to debate with him… At the poles he would have surely beaten Obama since he was the only transparent candidate who had a clear cut plan to beat Obama and to restore America from day one of his campaign. How did we know? The Media, the GOP, the Fat cats in Wall Street and even Google were all afraid to let him speak. Going even so far as to black him out, give faulty hit counts on You Tube and to shut down any site that would see him as our only true answer to Liberty and freedom. I will follow suite with the ‘blackout campaign’ of the aforementioned by not mentioning his name as well. This way maybe my words will be printed here.

    We understood what was going on when Romney declared him the expert on the Constitution in the debate and everyone laughed. It seemed the whole world was in on the inside joke… If everyone didn’t know, than what was so funny about ‘calling him a Constitutional expert’? It wasn’t funny it was clearly obvious especially when compared to the rest of the Republicans on the stage. We also understood to what end, giving him 1.5 seconds of a 90 minute debate to comment, would have on our cause. America’s Cause! Though we knew we couldn’t defeat this form of censorship, we all knew we would have the last laugh, even if the consequences would be dire… His ‘What if’ speech to Congress on February 3rd 2009 was all that most of us needed to hear to get behind him and support the revolution. Whether Mr. Ruddy was told to or it was his choice to omit our voice, that voice was heard by all on NOVEMBER 6th 2012 .

    Our voice and vote was to write in his name when possible, vote for Johnson and/or just stay home and not vote at all… Either way the message would be heard loud and clear. The message we sent was ‘we will never vote for the lesser of two evils!!!!’ Especially when the person they expect us to back was the guy who succeeded in gagging our voice. It is a shame Romney thought we would fall into the party line, drop our principles and do anything to remove Obama. It is true, Obama is the worse of the two evils and many Exec Orders will be put into place and more of our rights will be stripped from us in the next four years. But they are both evil and neither does anything to advance our cause, which is freedom and a return to the intentions of our founding fathers.

    We understand what Patrick Henry meant in his speech to the Virginia Convention in 1775…. Our leader never wavered in his 30+ year service to Congress and stood on his moral belief in what the Constitution really means. We also stand along with him on those same principles, since he never gave the nod to Romney. So why did Mr. Romney fail to win? “Give me Liberty, or Give me Death!”

  6. The Presidency is a guardianship. To stand in the Oval Office and exercise that guardianship one must first be born in the U.S. This guardianship requires complete honesty and it requires a devotion to upholding and protecation of the Constitution.

    I am stuned that after 4 years the Justice Department has not addressed or resolved the issue of Obama’s birth place. In his own words, while he was campaigning for a seat in the Senate, Obama stated that he was born in Kenya. Officials in Kenya have stated that he was born in Kenya and there are many unanswered questions regarding this matter. Until the truth of this matter is made known, how can we possibly consider him a canadate for the Presidency let along be elected. Where is our judicial system?

    In my opinion, Obama does not know the meaning of honesty. He tells people what they want to hear, then does just the opposite.

    Regarding the Constitution, instead of upholding and protecting the constitution, he says that it is outdated and needs to be changed. Perhaps this is the change he was talking about on the night of his 2008 election speech.
    One of the most offensive changes he has made is the NADD legislation. This legislation does away with our basic legal rights. Under the guise of “Terrorism”, our basic rights are being eliminated. Doesn’t anyone get that?

    Our strength as a people and a nation lies in our laws. The Presidency must see to it that our laws are enforced. However, we have thousands of illegals in our country who have broken our immigration laws. Does he do anything about that? To the contrary, supports them in the breaking of those laws and goes out of his way to buy their votes by offering an amnesty. When people break the law, there are consequences; negative consequences. Law breakers are sent to jail and we certainly do not justify their lawless behavior by offering them an amnisty. So why would the President ignore and fight against the very laws that he is sworn to uphold?

    Furthermore, the Presidency is one who has the responsibility for uniting, not dividing us. A nation divided against itself cannot stand! In my opinion, no past President has done more to divide us than Obama.

    The Presidency is not a dicatatorship. It is subject to the Congress, which represents the people. It evident from Obama’s actions that he has a problem with that; a very big problem! I am dumbfounded, however, that our Congressmen and women have not shut this man down!

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