Romney: If Obamacare Overturned, Obama's First Term A Waste

On Tuesday, President Barack Obama said if the Supreme Court struck down Obamcare on Thursday, such a decision would, according to a Financial Times account, send the country “backwards” and Americans did not want to “re-fight” healthcare. 

At a campaign stop in Virginia's coal country, Mitt Romney counterpunched, according to the Financial Times, saying that if Obamacare is ruled to be unconstitutional, “then the first three and a half years of this president’s term will have been wasted on something that has not helped the American people.”

Romney also said if Obamacare stands, “then we’ll have to have a president – and I’m that one – that’s going to get rid of ObamaCare. We’re gonna stop it on day one."


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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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