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 Bank – Sound 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 – “” 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.