I am not sure who gives Mitt Romney speaking tips, but boy was his speech boring. In my opinion, Mitt should be playing the role of a go getter. He’s a man who gets things done. But for some reason he’s being fed these speeches that leave him droning on forever. He’s just not a charismatic guy or a great communicator. And he doesn’t have to be. He doesn’t have to beat Obama at his own game. He doesn’t seem to know his strength and his strength is being seen as someone who gets things done. If I were Romney I would have cut the fluff to 10 minutes and spent 10 strong minutes highlighting exactly what my plan was for the country. 20 minutes, in out, boom, “I get things done. That’s who I am!” He had to send the message that he’s not the type of person who wastes time talking. He’s not here to speak loudly and carry a small stick. He’s here to speak softly and carry a big stick. He didn’t get that message across. Not even close.
That said, he did at least offer a brief vision for what his plan is. Unfortunately, this piece of the speech amounted to about 2 minutes:
“And unlike the President, I have a plan to create 12 million new jobs. It has 5 steps.
First, by 2020, North America will be energy independent by taking full advantage of our oil and coal and gas and nuclear and renewables.
Second, we will give our fellow citizens the skills they need for the jobs of today and the careers of tomorrow. When it comes to the school your child will attend, every parent should have a choice, and every child should have a chance.
Third, we will make trade work for America by forging new trade agreements. And when nations cheat in trade, there will be unmistakable consequences.
Fourth, to assure every entrepreneur and every job creator that their investments in America will not vanish as have those in Greece, we will cut the deficit and put America on track to a balanced budget.
And fifth, we will champion SMALL businesses, America’s engine of job growth. That means reducing taxes on business, not raising them. It means simplifying and modernizing the regulations that hurt small business the most. And it means that we must rein in the skyrocketing cost of healthcare by repealing and replacing Obamacare.”
Obviously, the balanced budget proposal is a huge problem for me. This country remains in a balance sheet recession and turning off the government spigot right now will almost certainly suck the life out of the economy. The energy proposal is a positive, the skills point is fluff, the aggressive foreign trade policy is a positive and and the deregulating strategy has been tried and failed. So 2 out of 5 in my opinion.
I’d love to hear reader thoughts here….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.