Musings on the Week

Musings on the Week

January 4, 2014


Failure – Failure is not fatal, but failure to change might be. John Wooden.

Politics – 2013 was the best year for the Tea Party movement as more liberal damage was stopped, credibility at the national level, and more political activism as the grassroots level.

Politics – Republicans brag that red states are doing better economically, doing better with credit ratings, and doing better with people moving into their states.

Politics – Karl Marx’s 1848 Communist Manifesto: abortion of private property, heavy progressive income tax, eliminate rights of inheritance, and a Central BankSound Familiar?

Politics – ObamaCare will be declared a “success” in support of the next industry initiatives in education (“ObamaCore”), energy (“ObamaCharge”) and life insurance (“ObamaLife”).

Politics – Prioritized Presidential candidate selection criteria: 1) constructive plans for the future, 2) positive accomplishments, and 3) relevant experience – Hillary Clinton: 0 for 3!

Politics – This week’s distractions from the stagnant economy and ObamaCare: more income inequality data torture and attempts to resurrect the failed Iranian nuclear deal.

Media – The leftists and their mainstream media mouthpieces are the last of the blatant racists, interpreting everything thru racist lenses projecting their racism on everyone else.

Media – Teenagers consider Facebook passé, replaced by simpler social media such as Twitter and Snapchat, useful only to stay in touch with older relatives, who still like it.

Media – As new technologies emerge, I expect Twitter will go the way of telephone party

Lines doomed by personal privacy issues and a lack of any viable business case.

Failure – Failure comes only when we forget our ideals and objectives and principles. Jawaharial Nehru.

Finance Bitcoin is an online currency that, despite lacking any real-world guarantor of value or central oversight, has become valuable, but may be the next Ponzi scheme.

Budget – Congress passed a “budget,” but sticking to the budget is always harder to do, so passing appropriations bills will be the next challenge for our ultra-partisan Congress.

Jobs – More than half of the jobs that vanished during the downturn were middle-income positions and less than a quarter of the new jobs are middle-income positions.

Social Security – The total number of people receiving federal disability benefits in December hit a record 10,988,269, the 201st straight month that disabled workers increased.

Wages Marxism has a fundamental misunderstanding on capitalism believing employers work for employees and must pay a living wage, irrespective of any impact on profitability.

Automobile The Chrysler bailout was designed to save the American automaker, but instead will cost the American taxpayers $1.3 billion to sell it off to an Italian automaker.

Healthcare ObamaCare only enrolled a third of their target 2013 applicants demonstrating messaging failure, technology failure and policy failure overall making U.S. healthcare worse.

Energy – Instead of trying to protect alternative energy sources with subsidies, the federal government should step aside and let these energy sources find their own market niche.

Energy Gasoline blended with ethanol destroys small engines, corrodes metal, deteriorates plastic and rubber parts, and creates difficulties starting and operating motors.

Environment American taxpayers spent $7.45 billion in last 3 years to help developing countries cope with climate change, as part of Obama’s pledge of $30 billion to UN.

Welfare – We always hear that Social Security will run out of money, but welfare money must be inexhaustible, since we never hear about welfare running out of money.

Tolerance – Tolerance is defined as the majority not forcing minorities to conform, but the new definition is requiring endorsement of every minority as equal and acceptable.

Culture – The A&E network woke up and realized that the Duck Dynasty audience agreed with his biblical interpretation, and punishing Phil Robertson would lose their audience.

Family – Researchers have found that kids who grew up in two biological parent household fare better educationally, emotionally, an financially than those who did not.

Poverty World poverty, measured by percentage of world’s population living on $1 per day or less, has been reduced by 80% in only 36 years due to globalization and capitalism.

Housing – I expect that it will take three or more years at the current rate for the backlog of foreclosures to finally clear, before we see any signs of life of a robust housing recovery.

Debt – I fear that the country’s credit rating will be downgraded again when debt ceiling negotiations fail to cut spending enough to halt deficit spending.

Deficit – I fear one or more states to declare bankruptcy and seek assistance to recover from the bad economic decisions of the past under federal judicial protection.

Failure – A man can fail many times, but he isn't a failure until he begins to blame somebody else.John Burroughs.

Iran – The nuclear deal traded immediate easing of sanctions for stopping development of a nuclear bomb, but Iran has already rejected the deal and installed improved centrifuges.

Israel I fear that Israel will be attacked by Hamas and the IDF will retaliate by invading and then re-annexing Gaza based on defensible borders and 1920 San Remo Conference.

Israel – I fear that Israel will suffer a nuclear attack from Islamist extremists, and Obama will talk a lot, but stand aside and refuse to help defend this longtime ally.

Asia – I fear that North Korea will attack South Korea and attempt to reunite Korea, and Obama will be “unable” to support our troops and will negotiate for a stalemate.


David Coughlin

Hawthorne, NY