RTCS

Musings on the Week

Musings on the Week

June 8, 2013

 

Media – “He who controls the present controls the past.  HE who controls the past controls the future. George Orwell.

Politics – We now have a Podium President whose only agenda is to avoid dealing with the economy, which he prefers unmentioned, unheralded, unnoticed, and untreated.

Politics – The Democrat culture of corruption is just a symptom of out-of-control liberalism, nurtured by a complicit mainstream media, and led by an arrogant, narcissist ideologue.

Politics – The Obama administration secret email accounts complicate information requests from congressional or internal investigations, and give perception of hiding something.

Politics – Barack Obama loves running for President and loves the trappings of being President, but he is not a fan of the day-to-day work that comes with being President.

Politics – The number one reason not to impeach President Barack Obama is the fear of unleashing someone even worse, a loose cannon, on America: President Joe Biden.

Politics – In 2014, as ObamaCare moves from the theoretical to the practical, health care will once again be a political issue in the mid-term elections and also the 2016 national election.

Media – The mistake Eric Holder made harassing a Fox News reporter was thinking that the rest of the media would applaud, instead they united Fox News and Mother Earth in outrage.

Media – As new technologies emerge, I expect Twitter will go the way of telephone party lines doomed by personal privacy issues and a lack of any viable business case.

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.

Media – “It’s hard to believe that in the greatest democracy in the world, we need legislation to prevent the government from writing and paying for the news.” John Kerry.

Economy – The economy has not even returned to the level that the President inherited, much less a normal recovery like from previous recessionsimprovement or degradation?

 

November 2008

May 2013

Change

Federal Spending

$2.75T

$3.59T

+$.84T

National Debt

$9.99T

$16.86T

+$6.87T

Food Stamp Participation (000)

31,800

47,900

+16,100

Labor Force Participation Rate

65.8%

63.4%

-2.4%

Employed (000)

144,078

143,898

-180

Employment Population Ratio

61.4%

58.6%

-2.8%

Unemployed (000)

10,538

11,760

+1,121

Unemployed - 27+ wks (000)

2,216

4,357

+2,141

Average Weeks Unemployed

18.9

36.9

+18.0

Unemployment Rate (U3)

6.8%

7.6%

+0.8%

Underemployment Rate (U6)

12.7%

13.8%

+1.1%

Inflation Rate

.1%

1.1%

+1.0%

Misery Index

6.9

8.7

+1.8

Average Price/Gallon Gas

$2.21

$3.65

+$1.44

Global Competitiveness Index

1

7

-6

Economic Freedom Ranking

5

10

-5

Prosperity Index

10

12

-2

Quality of Life Index

13

16

-3

Economy – Obama has managed to elongate and sabotage the historical 13 month recovery following the Great Recession that ended June 2009, into a 48 month stagnation.

Social Security – Since 2010, Social Security has not been paying for itself for the last three years adding to the deficit: $49 billion in 2010, $45 billion in 2011, and $55 billion in 2012.

Social Security – Fixing cost-of-living adjustments and increasing the early and full retirement ages are just band-aids elongating this bankrupt program, not fix the funding problem.

Environment – With average global temperatures unchanged and the EU economy teetering, the Euro Parliament has voted to end subsidies for its Emissions Trading Scheme.

Environment – The EPA is issuing more anti-hydrocarbon regulations to control “manmade climate change,” when these global warming “disasters” exist only in computer models.

Environment – The entire environmental movement is predicated on feeling guilty that we survive as humans consuming resources and leave a footprint that “must be bad!

Immigration –Comprehensive” immigration reform CAN NOT defer border security, pretend immigrants won’t receive means tested entitlements, nor ignore the anchor baby loophole.

Immigration – Multiculturalism is well-intentioned, but it has disastrous consequences as immigrants are encouraged to cling to their old culture which impedes assimilation.

Immigration – One of the unfortunate consequences of an amnesty is the expansion of affirmative action to include another “victim-focused minority” within the diversity industry.

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.

Media – “A monopoly on the means of communication may define a ruling elite more precisely than the celebrated Marxian formula of 'monopoly in the means of production.Robert Anton Wilson.

Foreign Policy – There is a new chapter in the book The Peter Principle promoting a new higher level of incompetence for Susan Rice at the NSC and Samantha Powers at the UN.

Middle East – Peace negotiations will founder as long as Palestinians refuses to recognize Israel as the Jewish National Home and the Palestinian Arab State must be demilitarized.

Libya – When will Congress get around to asking the military leaders who gave them the explicit order to stand-down and abandon the Americans under attack in Benghazi?

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