RTCS

Musings on the Week

Musings on the Week

July 6, 2013

 

Leadership – The difference between a leader and a boss is the leader works in the open, and the boss in covert. The leader leads, and the boss drives. Theodore Roosevelt.

Economy – President Obama is working his priorities from the bottom up: global warming, gun control, immigration, same-sex marriage, then maybe get to the stagnant economy!

 

November 2008

June 2013

Change

Annual Federal Spending

$2.75T

$3.59T

+$.84T

Total National Debt

$9.99T

$16.90T

+$6.91T

Food Stamp Participation (000)

31,800

48,000

+16,200

Labor Force Participation Rate

65.8%

63.5%

-2.3%

Employed (000)

144,078

144,058

-20

Employment Population Ratio

61.4%

58.7%

-2.7%

Unemployed (000)

10,538

11,777

+1,239

Unemployed - 27+ wks (000)

2,216

4,328

+2,112

Average Weeks Unemployed

18.9

35.6

+16.7

Unemployment Rate (U3)

6.8%

7.6%

+0.8%

Underemployment Rate (U6)

12.7%

14.3%

+1.6%

Inflation Rate

.1%

1.4%

+1.3%

Misery Index

6.9

9.0

+2.1

Average Price/Gallon Gas

$2.21

$3.68

+$1.47

Global Competitiveness Index

1

7

-6

Economic Freedom Ranking

5

10

-5

Prosperity Index

10

12

-2

Quality of Life Index

13

16

-3

Politics – This week’s distractions from the economy are: the Travon Martin murder trial, comprehensive immigration reform, and Obama’s climate change initiative.

Politics – Barack Obama is an "A for effort [D for performance] President," who received a "to be determined" Nobel Peace Prize hoping that he might do something to promote peace.

Politics – It is sad that Sarah Palin, 2008 Republican candidate for Vice President, threatens to leave the Republican Party if the GOP continues to ignore their conservative base.

Politics – It is also sad that Obama is destroying the American Dream that immigrants yearn for when they come here, as America accelerates its decent into national socialism.

Politics – Hillary Clinton is the worst candidate for the 2016 election since she is linked to the Obama failures and only seeks to continue his disastrous transformation to socialism.

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.

Leadership – “Lead and inspire people. Don't try to manage and manipulate people. Inventories can be managed but people must be lead.” Ross Perot.

Economy – Every day we are moving further away from the Libertarian ideal created by our Founding Fathers and moving closer to the socialist “paradise created by Karl Marx.

Debt - The Congressional Budget Office estimates that the interest payments on our debt alone will take up 36% of the budget in 2030, 58% in 2040 and 85% in 2050.

Jobs – Fewer Americans are at work today than in April 2000, even though the population since then has grown by 31 million, because the participation rate has dropped by 2.4%.

Social Security – 2.6 million jobs were created since June 2009, while in the same period, 3.1 million workers have signed up for disability benefits, one disabled for each 16 working.

Taxes – 47% of Americans don't pay income tax, which means not only are the poor not paying their own way, a significant number of Americans in the middle class aren't either.

Education – The student loan interest rate is not doubling since the only change is that the stimulus-based “temporary” reduction expired and is returning to its original market rate.

Regulation – In 2005, roughly 10% of our Gross Domestic Product was spent on compliance with regulations created by the federal government.

Healthcare – After issuing hundreds of waivers to political cronies delaying coverage mandates, Obama has issued a blanket waiver for small businesses until after the election.

Energy – Obama claims no “War on Coal” but his policies have shuttered 142 coal fired plants so far, and 280 more plants are targeted to shut down due to suspect EPA regulations.

Family – Half of all children born to women under 30 in America now are illegitimate with 30% of white babies born out of wedlock, as are 53% of Hispanic babies and 73% of black babies.

Marriage – No law can change the God-ordained, lifelong union between husband and wife, designed to provide men, women and children optimal stability and overall well-being.

Marriage – In 1950, 78% of households were occupied by married couples, but today that number has slipped all the way down to 48%. epitamy

Immigration – The doctor’s principle of First, Do No Harm” applies to the Comprehensive Immigration Reform bill because there are so many defects it makes immigration worse.

Immigration – Since the Senate Comprehensive Immigration bill is a mixed bag of good and bad, the House will decompose it into elements as separate bills, fixing the bad elements.

Civil Rights – Am I the only one who thinks that the term cracker” is a racial epithet and should be treated with the same disrespect as the so-called “n-word”?

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.

Leadership – “A competent leader can get efficient service from poor troops, while on the contrary an incapable leader can demoralize the best of troops.John J. Pershing.

Economy – Middle class rage is sparking protests across the globe, in Brazil, in Bulgaria, and in Egypt and Turkey so far, focused on government mismanagement and economic frustration.

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