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Can Romney Run on Big Business?

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  • Description

    Greg Valliere of the Potomac Research Group discusses the president’s stance on business in America.

  • Duration 3:31
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Back to president Obama's comments on America's successful businesses listen to this again please.

If you got a business but you -- build.

Seems -- they did those comments go against the very essence of the American success story the American dream.

Greg -- -- on the Potomac research group is indeed Citi.

Greg I'm characterizing the president's statement that as another ton hard left I -- -- know the political -- guy but what do you make of this.

Oh sure Stuart -- -- and a populist appeal.

To people who don't like business we were really setting some pretty dramatic battle lines as we as this campaign unfolds.

Is it successful do you think -- that that to me is.

I hate to use the -- but that's a -- socialist.

An approach to economics.

Do you think that's gonna be successful in the year 2012 in the United States of America.

Boy you look at history Stewart and and usually hasn't -- Whether it's look we'll follow -- there's some of the great populist.

Throughout the last.

William Jennings Bryan I mean that usually doesn't -- people don't like that as sharp a division.

But you've got in Mitt Romney somebody who's already been softened up by by Newt Gingrich -- people so these lines these class lines are really gonna be sharply.

To find over the next few months.

Now what do you make of today's retail sales numbers down point 5% again does sound like a hold -- a huge decline.

But in the context of America and this economy today I think that's a big deal and you.

Yeah I agree -- I think second quarter GDP may come in below one and a half percent.

That's really anemic obviously job growth has hit a wall through the risen narrative that they and improvement of in all places housing construction.

Could give us a better second half autos auto production looks pretty good.

But the most you could hope for is 2% growth in the second half that means unemployment is probably gonna stay above 8%.

Now I've said that you not a political kinda -- but you do look at politics with a critical ally as it relates to the markets.

Give us a rundown if you would.

As to how the markets sees this coming election does the market do investors want.

Four more years of President Obama or do they want Bain Capital capitalism Mitt Romney.

I think overwhelmingly people to professionals in the market want Romney you and I've talked about that.

Before and I think the markets have to -- now.

That the Romney campaign -- hit the wall his momentum has stopped.

He's on the defensive I tell you story we are not -- -- hear the end about Romney's taxes until he releases them.

And whether releases the next week or in September I think he's -- got to do it get it out of the way take a hit.

Because if he doesn't it's gonna be drip drip drip and I think -- election prospects are gonna -- Do you think he could win -- -- -- what I'm asking you to full cast the elections today go.

All right now I'd say Obama is slightly ahead.

But I have a theory that the debates will be a pleasant revelation for people who don't know Romney.

I think Romney will go in with a low expectations and easily exceed them.

Just as Reagan did with Jimmy Carter so I think -- debates will be the defining event right now maybe -- 5149.

I'd say -- ahead.

This is still winnable election for Romney.

All right Greg -- we appreciate -- being with -- Telus is again real soon we want you back I think.

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