RTCS

Musings on the Week

Musings on the Week

August 6, 2016

 

Truth - “The great enemy of the truth is very often not the lie, deliberate, contrived and dishonest, but the myth, persistent, persuasive and unrealistic.” John F. Kennedy.

Politics – Each party has moved to the extremes by an unruly base which regards its own establishment as a cesspool of corruption, influence peddling and naked opportunism.

Scandals – The FBI investigated and found proof that the IRS illegally used government offices for political purposes, but decided not to criminally prosecute, for political reasons.

Politics - This week’s distractions from the economy, ObamaCare, and terrorism: zika virus outbreak in Florida and DDT ban and rocky start to the Rio Olympic Games.

Politics – It is only a matter of time and Wikileaks emails until Hillary Clinton is proven complicit procuring and shipping arms from Libya to arm Syrian jihadists, including ISIS and al Qaeda.

Politics - Hillary Clinton’s mystique is her inflated and underserved reputation for competence unsupported by any real accomplishments; she is her own worst enemy.

Politics – Hillary Clinton is pathological in her lying on television as she claimed that the FBI Director confirmed her statements as truthful even after Director Comey confirmed each lie.

Politics - Hillary Clinton combines Barack Obama 3.0 and Bernie Sanders 2.0 for ideas that will not yield strong growth, lift jobs and wages, or make America more globally competitive.

Politics – Hillary Clinton’s 13 major new spending proposals will boost annual taxes by $1.3 trillion over the next decade and will grow spending by $3.5 trillion more in the next 10 years.

Politics - Hillary Clinton’s campaign strategy is “Not-Trump” because she has nothing positive to offer; her record as First Lady was a failure, her record as Senator was invisible, and her record as Secretary of State was a disaster with an unbroken string of scandals following her.

Politics – After a series of elections that Republicans promised change and then forgot once elected, Donald Trump may finally repeal ObamaCare and Dodd-Frank, repeal Executive Orders, appoint limited government Supreme Court justices, rebuild the military, get rid of the Iran nuclear deal, enforce immigration laws, and suspend immigration from Muslim nations.

Politics – Donald Trump sometimes talks before he thinks and his talk can be rude, while Hillary Clinton talks deliberately, but her talk costs lives (Whitewater, Travel Office, Benghazi).

Politics – One of the most important and hardest tasks for the next Republican President is to root out and remove political appointees who have converted to civil service positions.

Media – Media Research Center quantified the media bias at the political conventions which should cause voters to boycott ABC, CBS, CNN, NBC, and MSNBC as uniformly slanted.

Media – Forget polls for now: remember Dukakis led Bush by 17 points after his convention; and, according to the Primary Model, Donald Trump is 52% certain of winning the election.

Education - “A child mis-educated is a child lost. John F. Kennedy.

Debt – According to the CBO, the projected debt over the next 30 years is $103 trillion with three unsustainable components: Social Security ($14T), Medicare ($34T), and interest ($55T).

Healthcare – Anthem, one of the country’s five largest insurers, expects to see “mid-single-digit” losses on coverage sold on ObamaCare’s exchanges, resulting in premium increases.

Healthcare – Aetna will not expand its ObamaCare coverage into New Jersey next year as originally planned and is reassessing its participation in the ObamaCare program.

Healthcare – Legalized “medical marijuana” is not needed because the active ingredient, THC, is already available in three different FDA-approved drugs.

Economy - In only two recoveries did government impose economic policies radically different from the policies pursued in all the other recoveries: FDR’s Great Depression and Obama’s Great Recession.

Economy – President Obama has the dubious distinction of presiding over an economic recovery with average annual growth rate being the weakest of any expansions since 1949.

Economy – No matter how many times President Obama trumpets his economic success, the actual numbers do not support his exaggerations and the economy continues to limp along.

 

November 2008

July 2016

Change

Annual Federal Spending

$2.87T

$3.88T

+$1.01T

Total National Debt

$9.97T

$19.41T

+$9.44T

Living in Poverty (000)

37,734

46,888

+9,158

Food Stamp Participation (000)

30,800

43,100

+12,300

Disabled – SSI (000)

8,242

10,728

+2,486

Labor Force Participation Rate

65.9%

62.8%

-3.1%

Not in Labor Force (000)

80,220

94,333

+14,113

Employment Population Ratio

61.4%

59.7%

-1.7%

Social Security – Social Security operates as a classic Ponzi scheme with new contributions paying earlier contributors, but there are not enough new ones to pay those already active.

Manufacturing – The output from American manufacturing is at a peak, two-and-a-half times what it was in the early 70’s, but employment has dropped 37% during this period.

Energy – Government carbon-free energy emissions targets do not include emissions-free hydro power or emissions-free nuclear power, even though already deliver over 50% today.

Environment – The Paris Climate Accord is largely symbolic since the signatories set their own targets for reducing greenhouse gases and there is no effective enforcement mechanism.

Environment - The U.S. needs to join the fledgling “Climate Exit” (Clexit) movement and demand the U.S. withdraw from the UN Paris climate agreement..

Immigration - The State Department is systematically discriminating against Christians and other religious minorities among the Syrian refugees looking to come to the United States.

Elections – Much of America’s political and legal establishment is resolutely opposed to election integrity, as federal courts continue to strike down new state election fraud laws.

Welfare – The Census Bureau tells us that most families that are in poverty have no one working, so with no wages earned at all, it is impossible to get out of the poverty trap.

Welfare – Maine, Kansas and Indiana have re-established work requirements as a welfare requirement and have seen dramatic decreases (80%, 75%, 68%) in their welfare rolls.

Civil Rights – Martin Luther King saw America stained by sin, but fixable through faith and good deeds, preaching “repentance and redistribution” which contrasts to the left who preach “payback and reparations.”

Civil Rights – BlackLivesMatter was never really about police brutality, but rather the racist agenda of “Black Power” with its mantra of separatist demands and racial entitlements.

Liberty “Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty. John F. Kennedy.

Defense – The American public sees political leaders as responsible for foreign policy and strategy, and sees them as incapable of winning our ill-defined wars, implausibly expecting military force to produce sophisticated political, economic, and cultural outcomes

GWOT – The Islamic jihadist strategy is to encourage the emasculation of the West, priming the West for the eventual muscular, Muslim takeover by a stronger, more determined foe.

GWOT – Half of the world’s Muslims are inbred, and many are the product of generations of inbreeding such as marrying first cousins, which further compounds the genetic impact.

GWOT - Obama is using the same incremental strategy he used in Iraq and Afghanistan – doing enough to escape criticism of doing nothing, and enough to keep pot from boiling.

Libya – The unintended consequence of an ill-conceived foreign policy, American military opened another front in the War on Terror to begin bombing Islamic State targets in Libya.

Iran – The Obama administration authorized (surrendered?) a secret $400 million payout (ransom?) for the Iranian Islamist government release of four American journalists.

 

David Coughlin

Hawthorne, NY

http://www.returntocommonsensesite.com/