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My reasoning is quite simple and quite stark.

IMHO...

Establishment politicians in the U.S. and in Europe simply do not grasp the magnitude of the economic collapse that is almost ready to start. Every industrialized nation is in a horrendous, disastrous situation. When I say collapse, I mean collapse - utter disaster.

The populations of nations are going to be beserk with anger towards politicians. Some politicians will inevitably deflect their anger by blaming other nations for their own internal woes. This is the lead up to catastrophic war. In Europe, this blaming is already happening. Businesses in Europe are already preparing for the possible (IMHO almost certain) end of the Euro currency and going back to their own national currencies.

From an American standpoint, the engine of the economy is small business and the individual investor.

The one piece of the economic puzzle that politicians refuse to go into is laws, regulation and agencies. Never in American history have these things been reduced. Instead, we only get more regulation every year. The beast has grown only bigger. This is a noose tightening around the neck of small business and the individual investor.

That is the piece that will forever stop small business from thriving, since there can be no small business revival, as it were, until this noose is removed dramatically, not just a few regulations changed here or there. The whole system is rotten from the inside out.

Consequently, a multi-pronged approach will be required in a few years:

1) Cut the noose. This is a revolutionary idea that has never succeeded before now at all - what kind of revolutionary will be needed to fight every politician and lobbyist in the country all at once ? A real outsider. This will allow for growth in GDP that will be real and provide real growth in employment, both of which can be sustained.

2) Cut the size of government by 90% over 4 years by eliminating whole agencies and departments. Note that this means absolutely no changes are needed for Soc. Sec. and Medicate, etc. THEY ARE FUNDED BY SEPARATE PAYROLL DEDUCTIONS. THERE IS $2.5 TRILLION IN U.S. TREASURY BONDS IN THEIR TRUST FUNDS - THOSE BONDS SHOULD BE REDEEMED FOR CASH TO SATISFY ANY SHORTFALL. Cutting whole Federal agencies will require unparalleled courage. It will put hundreds of thousands, if not millions, of working-age people out of a job. Included in this is getting rid of the EPA, etc. etc.

The first two are absolute essentials and must be done simultaneously to allow for a shifting of the workforce. Now there are many other changes that would help, some are:

3) The income tax code is not all that important to change for survival, but it should generally move towards a single rate; at least start getting everyone who has income to pay at least $1 in tax. But it is critical to not get distracted with this as it does not have to change for economic survival.

4) Do not mess with interest rates and money supply; leave them at reasonable levels and don't fiddle.

5) Understand that the casino-style stock market can only be held in check by reinstating Glass-Steagall and then add in that investment banks can not be publicly traded companies. They will stop risking shareholder capital once that's done. They all went public prior to the collapse - they knew that they were going way off track in their business model from sound practices and did not want to risk their partnership capital; so they went public and sold most of their shares before the collapse. OPM.

6) Go back to an 18% maximum legal interest rate. Anything above that is usury. Enforce it with tough measures, i.e., two times the interest is paid to the borrower plus court costs, adjudicated in a court of equity. After 180 days double the payment, etc.

7) Drop all regulation regarding the lending policies of banks; who a bank lends to and on what terms should be completely up to each bank, as long as the rate is legal and there is no fraud, etc.; basic business law.

8) Stop allowing large companies to merge so easily, it's not healthy competition. It only allows idiot companies to have things even easier and crush small and medium business even easier, then rip their customers even more since they no longer compete with each other. Let them compete.

There are a more things that would be great, but one can get the idea of the direction - and also easily gather from this list that things must be done simultaneously.

Some parts of the plan create unemployment, others reduce unemployment.

If a man with politics in his veins is elected, the Federal beast will be changed, but not reduced. This means a downward economic spiral as the Euro/American debt bubble collapses, millions of people's investments and pensions are wiped out, and unemployment goes beserk. The politician will not be able to simultaneously a) lay off government employees and b) know what to say to spark business ( I know lots of things, but I'm not a politician).

The uncontrolled economic crash is, IMHO, our future with Mittens or Newt.

Mind you, European nations have a good chance of being at war with each other within 10 years if America does not get her act together and show them - by example - what to do. It's called business leadership.

If America solves the problem - everyone around the world will push their own nation's politicians to do likewise. If not, the world better buckle up, it's gonna be a wild ride.

Financial talking heads are even all starting to talk about similar economic scenarios - David Stockman was on Cavuto earlier and I was shocked to hear a very different tone and outlook from him than usual. He emphasized, like I am, that politicians have no clue as to just how bad things are economically.

This is why I continue to press for Bachmann or if not, Santorum. I don't know the woman, I don't work for her, I actually prefer a male to a female President. But she's the one with the right ideas, the best hope.

The Republican establishment is out of their mind. They've talked conservatism so long without living it that they have lost touch with reality - conservatism to them is ideals but not followed through on. How else would they have acquiesced to building this Federal government into such an enormous beast. The establishment has compromised for 50 years and the day of reckoning is approaching. In the midst of Rome burning, they are still sitting there, jabbering, frittering away their last semblance of self-respect, worrying about "winning".