RTCS

Musings on the Week

Musings on the Week

May 9, 2015

 

Economy - “Every time in this century we've lowered the tax rates across the board, on employment, on saving, investment and risk-taking in this economy, revenues went up, not down.”  Jack Kemp.

Politics – Ten posts for inspectors general stand vacant, with nominations pending for only two, which is understandable considering the scandals already active and unanswered.

Politics – I hope voters learned their lesson wasting affirmative action votes because I don’t want to hear “pussy politics” and “vagina voters” from now until November 2016.

Politics – The goals of the Bill, Hillary & Chelsea Clinton Foundation is to support its namesakes in a lavish fashion (slush fund) and to allow wealthy donors access to them (influence).

Politics - This week’s distractions from the sluggish economy and ObamaCare: calling Baltimore agitators street thugs and Great Britain threatening to leave the European Union.

Media – Trust in the media has experienced a generational shift with the younger the person, the less likely they will depend on the mainstream media as their primary new source.

Economy - I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.Thomas Jefferson.

Economy – Back in 2009, Vice President Biden promised us a “summer of recovery” and nearly six years later we are still eagerly waiting for it, as the economy struggles to heal itself.

Economy – First quarter GDP growth came in exceptionally weak, at a .2% rate, which supports the new normal of so-so GDP growth, OK job growth, and stagnant wages.

 

November 2008

April 2015

Change

Annual Federal Spending

$2.87T

$3.61T

+$.74T

Total National Debt

$9.97T

$18.22T

+$8.25T

Living in Poverty (000)

37,734

44,097

+6,363

Food Stamp Participation (000)

30,800

45,900

+15,100

Disabled – SSI (000)

8,242

10,916

+2,674

Labor Force Participation Rate

65.9%

62.8%

-3.1%

Not in Labor Force (000)

80,220

93,194

+12,974

Employment Population Ratio

61.4%

59.3%

-2.1%

Unemployed (000)

10,538

8,549

-1,989

Unemployed - 27+ wks (000)

2,219

2,525

+306

Average Weeks Unemployed

18.9

30.8

+11.9

Jobs – The Bureau of Labor Statistics found that in one out of every five American families nobody has a job, which contradicts the official unemployment rate being 5.5%.

Jobs – The “Trade Deficit” is not the problem… the problem is we shipped manufacturing jobs overseas to lower wage markets without creating new, different jobs for those in this country.

Labor – Both police officers and teachers are professions filled with heroic and dedicated public servants, but unions are protecting failed policies and incompetent personnel.

Income – When all chief executives are included, the “CEO-to-worker pay ration” is actually below 4 to 1, destroying the leftist income inequity and CEO bashing narratives.

Poverty – If poverty were truly an inescapable fact of American life, the world’s huddled masses would have long ago ceased coming here. 

Healthcare – After spending billions on state-run ObamaCare exchanges (half are heading to bankruptcy), regulators are only now writing clear rules on how that money can be spent.

Homes – The rate of homeownership in the United States has just hit a brand new 25 year low, with 41% of all Americans not anticipating buying a home in the foreseeable future.

Immigration – Rasmussen found that 77% of likely U.S. voters say illegal immigration is a serious problem, and 63% think that gaining control of the border is more important than “legalizing the status of undocumented workers” already here.

Immigration – Obama has handed out an extra 5.46 million work permits for non-immigrant foreigners who arrived as tourists, illegal immigrants or other types of migrants since 2009.

Energy – U.S. crude oil production is up 53% since 2010, with production on federal lands remaining unchanged while production on non-federal lands increasing by 91%.

Environment – The sun is the main driver of all weather and climate change, so our weakest sunspot cycle in more than a century (solar minimum) may lead to a new “Little Ice Age.” 

Environment – Europeans seem to be getting tired of global warming alarmism with skepticism about man-made warming from greenhouse gas emissions a growing trend. 

Environment – The once-worthy cause of environmentalism has been suborned by the international Left as a proxy issue designed to mask its real agenda: the destruction of the capitalist system; global wealth redistribution; the removal of property rights; a gradual takeover by democratically unaccountable Left-leaning bureaucrats and technocrats belonging to organizations like the United Nations and the European Union.

Elections – Gallup found that 75% of Americans, including huge majorities of Republicans, Democrats and independents, support term limits for members of Congress.

Education – The student loan bubble is clearly bursting with only 37% of all student loan borrowers are actually up-to-date on their payments and reducing their balances.

Civil Rights – There is an increasing gap between the poor and the growing black suburban population, with 56% of African Americans in major metropolitan areas living in the suburbs.

Civil Rights – Unlike white racism, black racism is alive and well self-perpetuated by the black culture, and, until it is addressed, racial discord will continue unabated in this country.

Crime – The prosecutor’s rush to judgment appeases the lynch mob, the press is unleashed, guilt assumed, justice and reality ignored, so dismissals and acquittals are soon to follow.

Economics - “Economists are pessimists: they've predicted 8 of the last 3 depressions.” Barry Asmus.

United Nations – The U.S. accounts for more than one-fifth (22%) of the regular U.N. budget and 28.36% of the separate, much larger, peacekeeping budget for a total of over $3 billion.

Trade – The Trans-Pacific Partnership trade deal, developed in secret and being explained in secret, includes 24 out of 29 chapters on non-trade issues and global governance.

GWOT – The Koran does not explicitly forbid images of Muhammad, but the Hadith (Islamic traditions) explicitly prohibits Muslims from creating visual depictions of figures.

 

David Coughlin

Hawthorne, NY

http://www.returntocommonsensesite.com/