RTCS

Musings on the Week

Return to Common Sense

January 5, 2013

 

Recession – The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.” Barack Obama.

Politics – Republican voting for “fiscal” cliff bill may be the tipping point to finally overthrow the moderate Republican elite and elect principled conservative leadership with backbone.

Politics – The Republican Party needs a wake-up call that will be delivered when millions of voters change registration from Republican to Independent, Conservative , or Non-Affiliated.

Politics – Like Big Brother in Orwell's 1984, Obama never stops campaigning, never stops stirring up fear, never stops blaming others, and is incapable of honesty, honor, or humility.

Politics – A USA Today/Gallup Poll found that the National Rifle Association (NRA) has a higher favorability rating than both President Barack Obama and the mainstream media.

Politics – Hillary Clinton has no political future, since she is a serial failure: an embarrassment as First Lady, a partisan carpetbagger as Senator, and a policy puppet as Secretary of State.

Media – Confronting the pompous MSM talking heads, like Piers Morgan, then petitioning to sanction them, may be the critical path to finally punish these sanctimonious, overpaid fools.

Politics – I expect the TEA Party movement to re-emerge as the new taxes and regulations hit, and the “second half” of our 2008 recession hits full force (as if it ever really stopped).

Media – The MSM continues to hemorrhage readers, with political ads in the 2012 election propping them up, but I expect the MSM to begin failing, with Newsweek the first to go.

Economy – The new normal of Obama’s economy is anemic job growth, chronic long-term unemployment, falling wages, and a discouraged population!

 

November 2008

December 2012

Change

Federal Spending

$2.75T

$3.54T

+$.79T

National Debt

$9.99T

$16.43T

+$6.44T

Food Stamp Participation (000)

31,800

48,800

+17,000

Labor Force Participation Rate

65.8%

63.6%

-2.2%

Employed (000)

144,078

143,305

-773

Employment Population Ratio

61.4%

58.6%

-2.8%

Unemployed (000)

10,538

12,206

+1,668

Unemployed - 27+ wks (000)

2,216

4,766

+2,550

Average Weeks Unemployed

18.9

38.1

+19.2

Unemployment Rate (U3)

6.8%

7.8%

+1.0%

Underemployment Rate (U6)

12.7%

14.4%

+1.7%

Average Price/Gallon Gas

$2.21

$3.54

+$1.33

Inflation Rate

.1%

1.8%

+1.7%

Misery Index

6.9

9.6

+2.7

Global Competitiveness Index

1

7

-6

Economic Freedom Ranking

5

18

-13

Quality of Life Index

13

16

-3

Recession – You cannot spend your way out of recession or borrow your way out of debt.Daniel Hannan.

Economy – Franklin Delano Roosevelt elongated and expanded the Great Depression,” and now Barack Hussein Obama is elongating and expanding his own Great Recession.”

Deficit – Deficit spending used to be for investments which benefited future generations, but now continuous borrowing burdens future generations to finance current consumption.

Deficit – Even John Maynard Keynes, the free spending economist, knew that increasing taxes during a recession would be disastrous, but apparently Obama thinks he knows better.

Deficit – President Obama never really wanted a deficit compromise, since his focus from the beginning was on blame-shifting the Republicans for his inability to sell higher tax rates.

Deficit – The deficit deal was just a band-aid increasing spending, extending temporary fixes, and delaying substantial, needed changes elongating the Obama permanent fiscal crisis.”

Deficit – The deficit deal was everything that Americans hate in Congress: 153 pages long; delivered three minutes before vote; most members didn’t read it; and loaded with pork.

Debt – The debt ceiling negotiations must include firm commitments for entitlement reform and firm commitment for comprehensive tax reform, as path to a balanced federal budget.

Debt California and Illinois are in a fiscal death spiral to bankrupt their state governments, driving people away with high taxes, increasing spending, and under-funding pensions.

Federal Reserve – It is time to remove the Fed out of the debt markets and let interest rates be based on genuine supply and demand, not propped up by a creative political policy.

Civil Rights – In the Obama victim world, I qualify in a number of minorities that deserve special treatment and affirmative action: white, male, senior, veteran, and independent.

Debt I expect that the country’s credit rating will again be downgraded after Congress debt ceiling discussions again fail to demonstrate firm commitments to controlling spending.

DeficitI expect one or more states to declare bankruptcy and seek assistance to recover from the bad economic decisions of the past under federal judicial protection.

Housing I expect that it will take four 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.

Recession –When we were at peace, Democrats wanted to raise taxes. Now there's a war, so Democrats want to raise taxes. When there was a surplus, Democrats wanted to raise taxes. Now that there is a mild recession, Democrats want to raise taxes. Ann Coulter.

Middle East Christians comprised an estimated 20% of the Middle East population until the early 20th century, but today Christians make up 2-5% with the number fast dwindling.

Libya – The “independent” Benghazi study’s second report highlighted the incompetence and mismanagement that protects the administration terrorism policy over national interests.

Libya – The Clintons lie so much that no one believes that Hillary has a real blood clot unless it results in her death, since lies are routinely used to duck responsibility and accountability.

Israel I expect 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 expect 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 expect 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       

www.ReturnToCommonSensesite.com