Dems question Romney's readiness to be president
(CBS News) As Mitt Romney's trip overseas has not been without perceived blunders, Democrats took to the Sunday morning television to question if he's prepared to be president and commander-in-chief.
On CBS News' "Face the Nation," chair of the Democratic Party, Rep. Debbie Wasserman Schultz, D-Fla., said Mitt Romney's diplomatic skills are a cause for concern.
"I think he's demonstrated pretty repeatedly since he's been out of the country that he lacks the experience, he lacks the preparation, and the diplomatic skills to be able to be the commander-in-chief, to be able to be the president of the United States," Wasserman Schultz said Sunday.
Wasserman Schultz is referring to comments Romney made during an interview with NBC News in London prior to the start of the Olympics that he was concerned that the British might not be ready for the Olympic Games amid a possible security shortage and a possible labor strike. He also said, while in London, that he met with the British Intelligence Agency, M-16.
"Mitt Romney wondered aloud whether London was ready for the Olympics, and I think it's clear that voters in this country wonder aloud whether Mitt Romney is ready for the world, and I think the world is not yet ready for Mitt Romney," President Obama's senior campaign adviser Robert Gibbs said on ABC News' "This Week."
Mitt Romney screwed up in London. So what?
Romney: 'No option should be excluded' in Israel defense against Iran
Romney hopes Polish visit can pay dividends in swing states
Mr. Obama's two surrogates also seized on comments made by Romney adviser Dan Senor Sunday, who told reporters that Romney backed an Israeli unilateral strike against Iran, a policy position that differs from current American foreign policy. Romney softened the statement shortly after in an interview with CBS News' Jan Crawford, saying he "respect[s] the right of Israel to defend itself."
"I think he has left quite a bit of doubt about his level of preparation and readiness to the President," Wasserman Shultz added.
From Israel, Romney heads to Poland before returning to the United States.
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By Terry Weiss, Money Morning
Noted expert Peter Schiff says the U.S. economy is on the verge of an economic collapse worse than 2008 and is warning investors to take immediate steps to protect themselves.
In a gripping interview on Yahoo Finance, Schiff warns that while the Fed's moves could "artificially" bolster the economy - and bring investors false hope that things are turning around - the truth is that the government will only be delaying the "Day of Reckoning."
"If the Fed ultimately comes through with QE3... it won't strengthen the economy, but it will weaken the dollar," Schiff said, noting that Bernanke's policies will eventually lead to a Greek style debilitating sovereign debt crisis where the dollar plunges and consumer prices and interest rates spike.
"We have a much bigger collapse coming, not just the markets, but of the economy. It's like what you're seeing in Europe right now only worse," Schiff said.
The collapse could be set in motion as early as August 1st. That's the day that Fed chairman Ben Bernanke gives his annual remarks from Jackson Hole, Wyoming where many analysts expect Bernanke will announce plans for QE3 - and the next phase of money printing begins.
He goes on to say that things will get truly ugly when we hit our fiscal cliff and have to slash government spending across the board.
"People on entitlements like Social Security and Medicare... they're not going to get the benefits they've been promised. Government workers are going to have to take pay cuts... banks are going to fail... people are going to lose money, not just investors but depositors. The housing market is going to fall again."
And Schiff isn't the only expert warning about the U.S. economy's dire predicament.
A group of prominent scientists, economists and geopolitical experts have uncovered an emerging pattern... one they believe could soon hasten an American economic catastrophe - and a radical hit to the wealth and financial security of millions Americans.
Editor's note: Germany's military held a secret investigation into this emerging pattern and concluded it could lead to "political instability and extremism." Click here to view this controversial investigation.
A large part of this has to do with the velocity of total credit market debt. It's part of a pattern of accelerating debt - and few have been able to track the speed of it, which is growing at a rate even faster than just a few months ago.
Chris Martenson, a highly acclaimed scientist and an expert on exponential growth, says the dangerous pattern of accelerating debt can go unnoticed at first. But what's happening underneath the radar is the speed of the doubling, which is now accelerating even faster to an unsustainable level.
"That's when chaos breaks out," Martenson says.
As of today, the total credit market debt is 357% larger than GDP. That represents an astounding $691,000 for a family of four in America.
Yet the doubling period for this gets shorter at an exponential rate that increases every day. "It's a very dangerous exponential growth curve," says Martenson, "one that's setting us up for a situation worse than we've seen in Greece and across Europe."
"Every American needs to know what this means and what steps to take with your finances, investments and day-to-day life to prepare for it, "Martenson added.
What the Experts Say: To protect your investments it's critical to understand steps you can take to prepare for a looming catastrophe. Click here to learn how some of the foremost experts in the world recommend you get ready for what's coming.
Romney was 47th of 50 in job creation when he was governor-is that the experience you are talking about?. Or the fact that as a business man, Romney's experience is shipping American jobs overseas, and avoiding paying taxes. No one question that Romney have job experience, what we know is that his experience of killing American jobs, destroying communities by closing down American factories are not what America needs right now. His experience of not being able to take a stand on anything is not what America need. We need a steady leader whom we know his positions. Obama is that guy.
Obama the candidate said he was going to do healthcare, he did it. He said he will bring the war in Iraq to a close, he did it, He said that he was going to support equal pay for equal work for women, he did. He said that he was going to do Wall Street reform, he did. He was going to address credit card companies ripping people off, he did. I can go on all day.
President Obama's administration does not know how to talk of their accomplishments, however, their accomplishment is breath taking. On the other hand, Romney knows how to talk about his business experience, but when you pull the curtain to actually look at the experience, all you see are skeletal remain of the jobs, and life's Romney's strategy of creative destruction of American jobs have decapitated. Romney's experiences are the wrong experience for America.
Hard Times Generation: Families living in cars
60 Minutes Overtime
A reporter's story: Finding homeless families
(CBS News) Never has unemployment been so high for so long. And as a result, more than 16 million kids are living in poverty -- that's the most since 1962. It's worst where the construction industry collapsed. And one of those places is central Florida.
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Well we know Obama definitely is fit to lead after 3 1/2 years.
What other idiotic questions and remarks does Debbie have?