Romney Conference Call: Obama Won by Giving Free Stuff, Amnesty

In a Wednesday conference call with his national finance committee, Gov. Mitt Romney said Obama was able to pull out the election through "free healthcare," amnesty, and free contraception.

Romney said the promise of free healthcare was "huge" for someone making $25,000 to $30,000 a year: "Imagine being told you're going to get free healthcare, particularly if you don't have it, getting free health care worth what, $10,000 per family, in perpetuity?"

He told his finance committee that the free healthcare also helped Obama with Hispanic voters, and "the amnesty for children of illegals...was a huge plus for that voting group." Romney said this amnesty, put in place by Obama just months before the election, was clearly a political maneuver aimed at accomplishing exactly what it accomplished on election day.

Regarding women, which Obama won by 12%, Romney did not speak to the demographic in its entirety. But he did point out that "free contraceptives were a big hit with young college-aged women."

He added that Obama was able to turn out the vote far beyond what many expected by being "very generous" toward "loyal Democratic constituencies." (In other words, he gave away a bunch of free stuff.)

Because of this approach, Romney's criticism suggested, he could talk about the creation of jobs for college grads via tax relief, lessening of regulations, and small business growth till he was blue in the face. Then Obama would simply promise to forgive college tuition debts and that was that: Obama had shored up another constituency. 

Obama is very generous -- very generous with other people's money. 


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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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