Musings on the Week
Return to Common Sense
February 23, 2013
Federalism – “The several states composing the United States of America are not united on the principle of unlimited submission to their general government; but by a compact under the style and title of a Constitution for the United States, and of amendments thereto, they constituted a general government for special purposes [and] delegated to that government certain definite powers and when-so-ever the general government assumes un-delegated powers, its acts are un-authoritative, void, and of no force.” Thomas Jefferson.
Media – Marco Rubio revealed his new media strategy: don’t get defensive on “gaffes,” respond humorously, and embracing “negatives” turning them into political positives.
Media – The MSM downfall has already begun, but I expect this avalanche to continue after Newsweek with more layoffs at the New York Times and the Washington Post.
Federalism – “A government that is big enough to give you all you want is big enough to take it all away.” Barry Goldwater.
Debt – The Fed holds over $1.7 trillion in U.S. treasuries and nearly a trillion dollars in mortgages backed by Fannie Mae, Freddie Mac and Ginnie Mae, guaranteeing low interest rates.
Debt – Obama is “blameshifting” Congress for his WH sequester solution, designed to be so onerous that would never be implemented, but now may be default solution no one likes!
Finance – GM has flooded the financial markets with auto-backed securities, 85% of which are sub-prime, in an effort to offload its risky loans onto banks, creating the next bubble.
Jobs – Unemployment averaged 5.6% from 1950 to 2007, including several recessions, and now the CBO doesn’t expect it to fall below 7.5% until 2015, longest stretch in 70 years.
Jobs – Obama hopes to resurrect a failed Depression era program, the Civilian Conservation Corps, as Veterans Jobs Corp, a make-work conservation program costing $1 billion.
Energy – Only in Obama’s anti-energy policies does it make sense to prohibit energy production in half of the National Petroleum Reserve – Alaska when gas prices are rising.
Immigration – Being self sufficient and not a “public charge” is an immigration criteria, but somehow immigrants today qualify for food stamps, welfare, and free healthcare.
Immigration – A solution for illegals is awarding permanent resident status, with no option ever of naturalizing, as a clear, decisive penalty and avoiding complicated fines and taxes.
Healthcare – There are some who expect that ObamaCare will never work and its failure would be used to justify a government single payer health care system as the ultimate goal.
Social Security – Disability awards for “mental illness” climbed from 16% of total claims to one third and “back pain” increased from 13% to 28% of total claims in 2010.
Crime – The media has suppressed reporting the mobs of young black men and women, motivated by race, rage, or entertainment, committing crimes against life and property.
Homeland Security – When asked why so much ammunition was purchased recently, the answer was discounts for bulk purchases, but that explanation fails when it is 50 years worth.
Deficit – I 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.
Federalism – “The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite. The former will be exercised principally on external objects, as war, peace, negotiation and foreign commerce.” James Madison.
Foreign Policy – John Kerry has a choice whether to: repair damage done by his processor, Clinton, or to continue the Obama-led degradation of American respect and influence.
Defense – Sequestration is devastating when the number and scope of missions tasked to the U.S. military has grown extensively, and deployments have been ad hoc and arbitrary.
Iraq – Obama is turning the Bush victory into an Obama defeat, enabling Iranian Shiite terrorists to align with Iraq’s prime minister in this fragile democracy.
Afghanistan – Obama is engineering a defeat in Afghanistan as he recognizes the Taliban as a legitimate participant in a negotiated peace deal, as the U.S. exits as fast as it can.
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.