RTCS

Musings on the Week

Return to Common Sense

March 9, 2013

 

Capitalism – History suggests that capitalism is a necessary condition for political freedom.” Milton Friedman.

Politics – Obama has always prioritized politics over national interest, so his strategy to refuse to compromise will ensure legislative gridlock and a desired perception of partisan discord.

Politics – Obama’s sequester hysterical exaggerations may have been the tipping point for low information voters who will no longer believe the President and his partisan spin.

Politics – The Conservative Political Action Conference (CPAC) are voluntary associations that advocate conservative causes, totally separate from the national Republican Party.

Politics – No Labels purports to be non-partisan, pragmatic solution builders, but many differences are too wide and common ground so small, that no compromise is achievable.

Media – The MSM downfall has already begun, but I expect this avalanche to continue more layoffs at the New York Times, the Washington Post, and the TV Network News departments.

Capitalism – “The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system. Milton Friedman.

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

 

November 2008

February 2013

Change

Federal Spending

$2.75T

$3.54T

+$.79T

National Debt

$9.99T

$16.67T

+$6.68T

Food Stamp Participation (000)

31,800

48,350

+16,550

Labor Force Participation Rate

65.8%

63.5%

-2.3%

Employed (000)

144,078

143,492

-586

Employment Population Ratio

61.4%

58.6%

-2.8%

Unemployed (000)

10,538

12,032

+1,494

Unemployed - 27+ wks (000)

2,216

4,797

+2,581

Average Weeks Unemployed

18.9

36.9

+18.0

Unemployment Rate (U3)

6.8%

7.7%

+0.9%

Underemployment Rate (U6)

12.7%

14.3%

+1.6%

Inflation Rate

.1%

1.6%

+1.5%

Misery Index

6.9

9.3

+2.4

Average Price/Gallon Gas

$2.21

$3.41

+$1.20

Economic Freedom Ranking

5

10

-5

Global Competitiveness Index

1

7

-6

Prosperity Index

10

12

-2

Quality of Life Index

13

16

-3

Economy – Obama’s economy is notorious by its lack of growth, despite a continuous stream of optimistic predictions followed shortly thereafter by consistent under-achievement.

Economy – After bailing out state and local programs in the various stimulus programs, it has finally been proven throwing good money after bad in failed bailouts is a waste.

Debt – Obama oversold the risk of sequestration by directing his administration to increase the cosmetic pain associated with any cuts, releasing illegal aliens, slowing air traffic, etc.

Debt – The worst part of the latest sequestration is that it did not fix any of the underlying deficit problems, and just postpones the real pain associated with eventual fiscal solutions.

Budget – Now the sequester hysteria is behind us, so Congress can focus on finally passing an annual budget, by only authorizing a Continuous Resolution for the rest of the fiscal year.

Budget – President Obama has yet to submit his budget blueprint and the Democrat Senate has failed to submit any budget for the fourth straight year, and probably won’t again.

Housing – The Federal Housing Finance Agency never understood government interference for affordable housing caused the mortgage crisis; their solution: merge Fannie and Freddie?

Taxes – This year marks the 100th anniversary of the federal income tax which initially was low and limited, but now is oppressive and an overly complex tool for social engineering.

Civil Rights – After 150 years, declare victory in the War on Racial Inequality having achieved original objectives, and now affirmative action just institutionalizes reverse discrimination.

Feminism – After 100 years, declare victory in the War on Sexual Inequality having achieved original objectives, and now affirmative action just institutionalizes reverse discrimination.

Immigration – Immigration policy must focus on the good of the nation first, supplying dedicated and fully committed loyal citizens who want to share in the American Dream.

Immigration – Despite laws that prohibit immigrants from federal welfare benefits, the Obama administration has ignored these provisions and recruits for food stamp recipients.

Healthcare – ObamaCare was unwanted by the American people when passed and has hemorrhaged support ever since, with Democrat opponents now outnumbering supporters.

Environment – A poll of 22,000 people internationally in 2012 revealed that environmental concerns are at their lowest point in 20 years, because the hoax has lost its traction.

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.

Capitalism – “So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system. Milton Friedman.

Population – The world’s fertility rate is dropping and by 2020 will drop below the replacement rate, indicating global population will stop growing altogether.

Foreign Policy Obama funnels all major decisions through his small cabal of relatively inexperienced White House advisers to see how it would play politically on the nightly news.

Foreign Policy Obama has undermined his credibility domestically with partisan distortions, but internationally Biden had to prop up Obama’s credibility with “Presidents don’t bluff.”

Islam – What the Muslim religion needs today is their own version of Martin Luther, who can articulate a moderate sect of Islam that peace-loving Muslims can embrace and 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.

 

David Coughlin

Hawthorne, NY       

www.ReturnToCommonSensesite.com