Obviously, things can get derailed, particularly if, which looks more and more likely, you get a blow-up between Israel and Iran. I think that's a very real probability now. But barring some real blow-up, the U.S. economy will grow, after a slow first quarter, about 3, 3.5 percent this year, far better than it was in 2011.

Today, the US spends less on defense as a percentage of our economy than we did at any time since he Japanese attack on Pearl Harbor. For the world's only superpower, that is an invitation to very serious trouble.

One thing on psychology, which we've always known, is that every investor says they're long-term - and they are until the market takes a hit.

The real cure for what ails our health care system today is less government and more freedom.

I think the idea of trying to demonize Governor Romney's going to backfire. Their attempts so far have failed pretty outstandingly and I think at the end of the day, people are going to say, 'what was Obama's record?' Governor Romney's got pro-growth Reaganesque proposals on the table.