RTCS

Musings on the Week

Return to Common Sense

July 7, 2012

 

Politics - Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly, and applying the wrong remedies.Groucho Marx.

Politics – The Republican battle cry is clear: Jumpstart the Economy, Put America Back to Work, and Repeal ObamaCare, along with Appoint More Originalists to the Supreme Court.

Politics – The latest CNN/ORC International poll finds Romney leading in the 15 battleground states by eight points and Newsweek’s new poll also finding Romney ahead by eight points.

Politics – Voter Question:How did that vote for Obama work out for you? Are you better off today than when Barack Obama was elected? Is he making the economy better or worse?

 

November 2008

June 2012

Change

Federal Spending

$2.75T

$3.62T

+$.87T

National Debt

$9.99T

$15.84T

+$5.85T

Food Stamp Participation (000)

31,800

46,300

+14,500

Labor Force Participation Rate

65.8%

63.8%

-2.0%

Employed (000)

144,078

142,415

-1,663

Employment Population Ratio

61.4%

58.6%

-2.8%

Unemployed (000)

10,544

12,749

+2,205

Average Weeks Unemployed

18.9

39.9

+21.0

Unemployed - 27+ wks (000)

2,216

5,370

+3,154

Unemployment Rate (U3)

6.8%

8.2%

+1.4%

Underemployment Rate (U6)

12.7%

14.9%

+2.2%

Average Price/Gallon Gas

$2.21

$3.84

+$1.63

Inflation Rate

.09%

1.70%

+1.61%

Misery Index

6.9

9.9

+3.0

Economic Freedom Ranking

5

10

-5

Politics – Voter Caution: Fool me once, shame on you. Fool me twice, shame on me! Once a mistake; Twice a fool!

Politics – The Occupy Wall Street mob has still not woken up to the fact that they are focused on the wrong people, 1%, since the politicians are the ones who set the policies they hate.

Media – No one should give credence to any mainstream media polls, since their objective is to sell their point of view rather than report… changing back to reporting in late October.

Media – The Washington Post has been caught three times in as many months coordinating story content and timing with the Obama campaign to dishonestly attack Mitt Romney.

Media – Newspapers continue to hemorrhage readers with only political ads in the 2012 election to save them, but I expect many newspapers will disappear after the next election.

Politics I expect that the 2012 Presidential election will be the most racist campaign, with baseless accusations used to distract voter attention from Obama’s record of failure.

Politics I expect that the TEA Party members will support Mitt Romney in the November election, delivering a landslide victory to the Republicans to repair the Obama damage!

Politics - Everything is changing. People are taking their comedians seriously and the politicians as a joke. Will Rogers.

Social Security – A record 8,733,461 workers took federal disability insurance payments in June, which translates to 1 person taking disability payments for each 16.3 people working. 

Healthcare – Democrats can’t have it both ways: ObamaCare is either unconstitutional as a Commerce Clause mandate, or the biggest middle class tax hike in history as a tax! 

Healthcare – ObamaCare improves access to medical care by giving more access to Medicaid, when 30% of doctors no longer accept Medicaid patients elongating wait time. 

Justice – Holder’s Fast and Furious story has changed so often and usually after additional scrutiny is applied, that the Justice Department’s credibility and Holder’s has been shredded.

Civil Rights – The Congressional Black Caucus and other liberal Members of Congress, who did not vote, judged the AG by the color of his skin, and not by the content of his character. 

Energy – The Obama administration released their five-year plan for off-shore drilling which continues a crippling moratorium on potential energy reserves on the West and East Coasts.

Energy – Obama must be the world’s worst venture capitalist in history, since government “investment” almost guarantees the energy company will go bankrupt within six months. 

Debt I expect that the country’s credit rating will again be downgraded after Congress debt ceiling discussions again fail to find sufficient spending cuts to halt deficit spending.

DeficitI expect one or more states to declare bankruptcy by 2012 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.

Politics –If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. Milton Friedman.

Foreign Policy Relations in all areas across the globe have not gotten any better, in fact most are worse, under the leadership of President Obama and Secretary of State Clinton!

Defense – The Supreme Court overturned the Stolen Valor Act allowing lies about military service, so I think anyone in the military should be allowed to punch the liar in the nose!

Defense – The navy, being forced to power ships with biofuel as an alternative fuel experiment, find that “green fuel” costs nearly seven times more than conventional fuel.

Israel I expect that Israel will be attacked by Hamas again in 2012 and the IDF will retaliate by invading and then annexing Gaza based on the concept of defensible borders.

Israel – I expect that Israel will suffer a nuclear attack from Islamist extremists by 2012, and Obama will stand aside and not help defend this longtime ally.

Asia – I expect that North Korea will attack South Korea and attempt to reunite Korea by the 2012, and Obama will be an unwitting accomplice as he abandons this ally in a time of war.

 

David Coughlin

Hawthorne, NY       

www.ReturnToCommonSensesite.com