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.

There is something fundamentally unfair about a government that takes away so much of people's money, power, and personal control while telling them that life will be better as a result.

And it would be fair. Everyone will pay the same tax and it will eliminate tax cheaters and corporate shenanigans.

No more turning a blind eye to Chinese spies in our nuclear labs. No more keeping silent about Chinese slave labor camps.

We must guard against the overreaching hand of big government trying to take away our freedom. And we must always protect the environment in a manner consistent with our values

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.

Our failure to properly deal with Germany and Japan early cost the world dearly later on. We dare not make the same mistake with China.