Brent Budowsky

First Lady Michelle Obama hit a grand slam home run at the Democratic convention, showing that she is now the nation's great communicator.

While President Obama lifts his presidency to champion the cause of jobs that are made in the USA, his Republican opponents stake their plans for power, to a degree that no great party in the history of the republic has ever attempted, on the prospect of the American economy failing.

This is a story about three great women and two historic waves that embody the political, social, cultural, economic and consumer waves that are transforming America and the world in real time.

As conservatives prepare for an urgent meeting this weekend to discuss their options in the 2012 campaign, they face an epic crisis of identity and electability that creates rising odds for the reelection of President Obama.

While the Republican establishment seeks to coronate Mitt Romney as the GOP nominee and crush any hope of conservatives having a nominee they can believe in, the next great issue of the presidential campaign will be a growing demand that Mitt Romney release his tax returns.