Musings on the Week
Return to Common Sense
March 2, 2013
Free Market – “We who live in free market societies believe that growth, prosperity and ultimately human fulfillment, are created from the bottom up, not the government down.” Ronald Reagan.
Politics – The Sequester implementation is an Obama failure: conceived by White House, leverage for Congressional compromise, and failure to achieve desired concessions.
Politics – “Teflon Barry” Obama tried hard to blame the Republicans for the unpopular sequester budget cut idea, but was caught in his lie when his Press Secretary admitted it.
Politics – The White House is selling access to the President for $500,000 through its new Organizing for Action stretching the definition of tax exempt “social welfare group.”
Media – I not only don’t dislike the treatment Bob Woodward is getting from the White House, but wish the Republicans would demand the MSM give objective coverage or else!
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.
Free Market – “Underlying most arguments against the free market is a lack of belief in freedom itself.” Milton Friedman.
Economy – The “red” conservative-leaning states accounts for 45% of landmass and 30% of population is growing at 7%-8%, nearly 10 times the job growth of the rest of the country.
Economy – Detroit is stuck in a financial emergency of its own making after a decades-long failure of Democrat mis-management in America’s inner city that destroyed it from within.
Jobs – When you calculate unemployment like Europe does to include unemployed, marginally attached, and discouraged workers, the unemployment (U-5) rate is 15.1%.
Debt – The CBO has reported that the “stimulus” spending program has had a negative effect on the economy and is high on rhetoric and poor on long term results.
Debt – Rasmussen found that 45% of likely voters want to see the federal deficit reduced by spending cuts alone, and the 35% who want “balance” want to see more in spending cuts.
Debt – Sequestration hysteria is characterized by Democrat worst case scenarios rather than reasoned spending cuts to increase fear and shift blame to responsible fiscal managers.
Debt – The Federal Reserve is betting that interest rates will remain low for the foreseeable future, otherwise the economy will suffer a half trillion dollars of losses on the debt portfolio.
Finance – Banks have an incentive to get big and unwieldy because the larger they are, the more disastrous their failure, and the more certain they would get a government bailout.
Energy – So far, 34 companies that were offered federal support from taxpayers are faltering -- either having gone bankrupt or laying off workers or heading for bankruptcy.
Immigration – Rasmussen found that only 25% of voters believe the U.S.-Mexico border is more secure than ever, while twice as many, 47%, disagree with this optimistic assessment.
Immigration – According to the GAO, the Border Patrol only secured 44% of the US-Mexico border under “operational control” at the end of FY 2010, so now they no longer measure it!
Immigration – Immigration reform is doomed, since the Obama administration simply refuses to enforce existing immigration laws, damning any “get tough” measures to failure.
Gun Control – Rhetoric spins non-solutions with good intentions and unforeseen consequences which only disarms law-abiding citizens putting them at needless risk.
Elections – Rasmussen found that only 17% of likely voters believe it is too difficult to vote, 27% believe it is too easy, and same-day voter registration gets two thumbs down.
Elections – The Voting Rights Act was enacted in 1972 as a temporary measure to fix voting problems, but instead morphed into a perpetual victimhood program, and never updated.
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.
Free Market – “All systems are capitalist. It's just a matter of who owns and controls the capital -- ancient king, dictator, or private individual. We should properly be looking at the contrast between a free market system where individuals have the right to live like kings if they have the ability to earn that right and government control of the market system such as we find today in socialist nations.” Ronald Reagan.
Britain – Moody’s has cut the government’s bond rating one notch because the UK’s strategy for dealing with the huge debt burden is failing to deliver – U.S. soon to follow?
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.