This chart inspired me to write that America COULD be lining up for economic growth in ways we have never witnessed before. Several things would need to fall in place first, but with the horrible economic conditions of the European Union ( EU ) and the increasing probability of President Obama being defeated in November, it looks very hopeful.
Banks in the EU are limiting withdrawals and bailouts and austerity are flying around all over and with no resolution or improvement in sight, an EU collapse would open the window of opportunity for America to be the place to run to for the world business markets. If Romney wins the election, the hands on the neck of business would be removed, the cloud of future tax increases would be gone and a sense of enthusiasm in the open markets would be a powerful boon for America.
The EU is doomed, remember that. Here is what I think may happen...
#1 - EU falls apart in 2012, it hurts us until 2013
#2 - American economy limps along no real recovery
#3 - Romney defeats Obama in November
#4 - The Republicans maintain the majority in the House
#5 - The Republicans also gain control of the Senate by a narrow margin
#6 - December 2012 economy shows signs of growth
#7 - January 2013 the green light is on and all through 2013 you will see growth
#8 - Domestic and foreign business once again see America as the place to be
Of course this is an optimistic prediction, but I believe it more and more every day. One wild card may be the ability of congress to rein in spending dramatically as that is necessary for the best results but a lot of that depends on the make up of Congress after November. We can be poised for growth or go down with the sinking EU Titanic. I'll get on the life raft that is a vibrant and free market uncapped by government regulation and taxation.
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