- Posted by Jeff Carter
- on October 4th, 2012
Tonight was critical for Romney. He was going to lose the election tonight, but he wasn’t going to win it. On virtually every point, Romney outclassed Obama. The only saving grace for Obama was he did a good well rehearsed closing statement and the debate ended. I thought Romney debated Jim Lehrer more than he did the President.
I imagined Michelle Obama whispering in her husbands ear, “No Obamacare for you tonight.”. Obama had five more minutes of speaking time. He babbled. At one point in the debate, I thought I was watching the game show “Who Wants To Be a Millionaire”. Jim Lehrer kept throwing Obama lifelines.
It wasn’t that the President was unprepared. It is that his entire life, he never has been in a situation where everything was on the line. He has always been chosen first. When he was in grade/high school, he went to a school where everyone was from privilege. He spent two years at Occidental, no slouch school, and then went to the elite institutions of Columbia and Harvard.
At Harvard, he was chosen to be President of the law review. When he went into the “real world” he chose the comfy Chicago Machine. They chose him. When he went in front of a room to community organize, he was placed there by a person of authority and his opinion was never challenged.
When Obama ran against Hillary Clinton, she clearly had a better command of the facts. But as Shelby Steele has chronicled, the American public had a desire for an African American President. “It was time.”
He ran for President against a career government employee, John McCain. McCain was challenged in his military career, but has never been challenged in his legislative career.
While in office, the mainstream media never challenged Obama. They worshipped him. He never got a smidge of the trial by fire that an outcast like Sarah Palin did. Through the last four years, he was never questioned critically. He became the old prizefighter that was paunchy and overweight.
It’s hard to get that edge when you have never had it.
Contrast that with Romney.
As a businessman, venture capitalist, consultant, private equity person, he was constantly challenged. It’s the nature of the business. Business is hyper competitive. The type of business Romney went after was especially challenging…failing businesses that he turned around. As the new guy coming into an existing business, Romney was constantly challenged. He had to defend his opinions with data, and then execute. If he didn’t execute, he failed and lost his investors money.
Have you ever had to face an investor that lost money because of your activity? It’s not a pretty situation. It requires humbling yourself, and it requires taking ownership of your actions and figuring out what you could have done differently. Lots of introspection.
Romney has been successful, and he has failed. He gets it. He has been through the furnace and his character is forged like solid steel. Obama is the Jello-O candidate. He hasn’t walked through the fire.
As I listened to the two candidates speak tonight, I thought to myself, “who would I rather work for?”. There is no question. Romney. Romney has your back. He crushes you if you screw up, and pats you on the back when you do well. Obama makes excuses. If things go well, he shines. If things go bad, you are going to hear about it.
I think a lot of Americans are thinking the same thing. This debate was sort of about ideology. Obama is Mr. Big Government. Romney is less about government and more about individual solutions to problems. But as far as being a President-Romney looked much more in command and Presidential than Obama.
Watching the coverage post debate, my Twitter feed, and Facebook; Liberals blamed the moderator and were speechless as to the total failure of their candidate. They refuse to blame him, and own up to the fact that he isn’t the man they thought he was.
Romney didn’t win the election tonight. But, he got momentum.
Thanks for the link Doug Ross.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
Jeffrey Carter is an angel investor and independent trader. He specializes in turning concepts into profits. He co-founded Hyde Park Angels one of the most active angel groups in the United States in April of 2007. He previously served on the Chicago Mercantile Exchange Board of Directors. He has done market commentary for (More...)
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