Musings on the Week
Musings on the Week
April 18, 2015
Economy - “Monetary policy cannot do much about long-term growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand.” Ben Bernanke.
Scandals
– As more and more proof of Lois Lerner’s
illegal acts are uncovered, the more Eric Holder’s decision not to prosecute the
IRS case looks like another politically-driven decision.
Politics
- This week’s
distractions from the sluggish economy and ObamaCare: Hillary’s stumbling, bumbling political campaign and
Boko Haram children’s campaign progress.
Politics – A multi-millionairess serial liar married to a multi-millionaire serial adulterer
has just announced for the Presidency of our country to save the middle class from
impoverishment!
Politics – Hillary Clinton has little relevant experience and few accomplishments to
her credit, so one of her key advisors is someone who is even less qualified, her daughter Chelsea.
Politics – You know Hillary Clinton is in trouble when Saturday Night Live, Twitter and The Onion
mocked her campaign announcement with “Out with a Racist, and In with a Sexist.”
Politics
– Hillary’s campaign is off to fine start portraying her as past her political prime, a constructed, fake, and
self-obsessed persona; a boring, risk averse, default option for a party out-of-touch
with many of its would-be constituents and lacking in creativity and ambition.
Innovation
- “Most of us
understand that innovation is enormously important. It's the only insurance
against irrelevance. It's the only guarantee of long-term customer loyalty.
It's the only strategy for out-performing a dismal economy.” Gary
Hamel.
Post Office – The Postal Service posted a $5.5 billion loss
in fiscal 2014, the eighth year in a row with multi-billion-dollar
losses, and now maxed out its $15 billion U.S. Treasury line of credit.
Wealth – According to the New York
Times, the “typical
American household” is now worth 36% less than it was worth a decade
ago.
Income – Incomes fell for the bottom 80% of all income earners in the United
States during
the 12 months leading up to June 2014.
Income – The blue
states that try to lift up the poor with high taxes, high welfare
benefits, and high minimum wages tend to be where the
rich end up the richest and the poor the poorest.
Energy
– By
2013, thanks to the Renewable
Fuel Standard, 40% of the U.S. corn crop was diverted to make ethanol, 45% fed livestock, and only 15% was set
aside for food.
Housing – The rate
of homeownership in the U.S. has been declining for seven years in a row,
and it is now the lowest that it has been in 20 years.
Taxes
– Americans spend about
6.1 billion hours and $224.3 billion a year,
$90.3 billion of it by individuals, to comply with
the filing requirements of the tax code,
according to the IRS.
Education – According to U.S. Department
of Education, 33% of all Americans with student loans
are currently behind on their student loan debt repayments.
Healthcare
– ObamaCare will increase
taxes by nearly $800 billion for the period of 2013-2022, with 18
separate tax increases.
Economy
- “A weak currency
is the sign of a weak economy, and a weak economy leads to a weak nation.” Ross Perot.
Latin
America – Obama has unveiled his “Dependency Theory” in Latin
America believing the U.S. is sucking the wealth out of smaller, less powerful
nations.
GWOT – Now that Obama has removed Iran and Cuba from the list of State
Sponsors of Terror, only Syria and Sudan remain until he decides to pander
(appease) to them as well.
Middle East – As long as every Palestinian
and Iranian agreements are based on the non-negotiable Israeli genocide, there will never be a signed treaty in the Middle East.
Israel – The latest Washington Post
– ABC News poll found Americans’ support
for a Palestinian state has reached its lowest point in 20 years (39%),
down from 58% in 2003.
Iran – The U.N. has passed ten Security Council resolutions that were each intended to
restrain Iran in terms of their nuclear ambitions in the context of
nuclear non-proliferation.
Iran – On October 7, 2008, Barack
Obama said, “We cannot allow Iran to obtain a
nuclear weapon, and I will do everything that’s required to prevent it.” – Another missed promise?
Iran – Obama’s
“framework” is a sham, since Ayotollah Ali Khamenei
immediately disagreed with the most important
elements of the deal as laid out in the White House fact sheet.
David Coughlin
Hawthorne, NY
http://www.returntocommonsensesite.com/