This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top 10 Things Romney Should Not Do If Elected

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.

NEW YORK ( TheStreet) -- As the presidential primaries continue, it seems increasingly likely that former Massachusetts governor Mitt Romney will eventually win the Republican nomination. Current polls show President Obama enjoying a solid lead over Governor Romney in the general election, but a lot can happen between now and November. Should Mitt Romney win, here's a list of 10 things he shouldn't do as president.

1. Bomb Syria. The situation in Syria is volatile and will probably get worse before it gets better. Some politicians, perhaps most notably Senator John McCain, are calling for the U.S. to intervene militarily. Candidate Romney hasn't yet spoken out in favor of bombing Syria, but President Romney should resist any pressure to do so. The U.S. has finally gotten (mostly) out of Iraq, and is winding down its war in Afghanistan. Our troops are exhausted and deserve a well-earned break. If the U.S. intervenes in Syria we should do it with diplomats, not combat troops.

Follow TheStreet on Twitter and become a fan on Facebook.

2. Inflate the military budget. Mitt Romney is proposing a slew of cuts to trim the national budget, many of which have merit. At the same time, however, The Boston Globe reports that Romney has pledged to commit at least 4% of the nation's gross domestic product to "core" defense spending, with many war expenses tacked on top.

Mitt Romney

Romney's proposed expenditures are not only extravagant, they reflect a fundamental failure to grasp how technology has changed modern warfare. Instead of buying fleets of new ships and aircraft just for the sake of having them, Romney would be wiser to propose targeted spending on research and development to ensure that America's military is the best, not just the biggest.

3. Repeal Dodd-Frank. There's a lot to dislike about the Dodd-Frank Wall Street Reform and Consumer Protection Act, a rambling behemoth of a statute that won't be fully understood for years. Candidate Romney has promised to repeal the act, "recognizing that some revisions make sense" (again from The Boston Globe). Thus far, however, Romney has offered no explicit proposal for what he'd put in place instead. Repealing financial services reform without enacting alternative safeguards would leave the U.S. in the same precarious position it was before the 2008 financial meltdown, hardly a desirable outcome. A more thoughtful, surgical approach to amending the act would likely yield better results.

>>Also see: 10 Reasons Obama Will Be Re-Elected
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs