Musings on the Week
Return to Common Sense
October 13, 2012
Socialism – “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” Winston Churchill.
Politics – I have been unable to find anyone who voted for Obama in 2008, other than diehard Democrats, who are proud of their vote and plan to vote for him again.
Politics – If the only qualification used to determine voting preference is the color of skin that is a dictionary definition of racist, thus defining most African-Americans voters as racists.
Politics – At the Vice President debates, Joe Biden confirmed his most important role in this Democrat administration, being a life insurance policy for Barack Obama.
Politics – At the Vice President debates, Joe Biden was auditioning for his next job after this Washington gig, becoming the dictionary illustration for the term, “buffoon.”
Media – The huge swing in the Presidential election polls can be explained by Obama’s first unscripted (by teleprompter), unfiltered (by MSM), and un-redacted speech (by campaign).
Media – The only ones surprised by the poll results were the mainstream media, who have done everything in their power to project a confident and unbeatable Barrack Obama.
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.
Capitalism – “Success is not final, failure is not fatal; it is the courage to continue that counts.” Winston Churchill.
Economy – California may illustrate the nation’s future: nation’s largest budget deficit, second highest unemployment rate, one third of welfare recipients and most illegal aliens.
Economy – Congress has deferred the decision what to do about the expiring tax cuts and the debt ceiling deferred until the lame duck Congress returns from the November election.
Finance – The Federal Reserve was created to manage the American money supply, but the mission had been expanded to increase employment and now even home ownership.
TARP – The Dodd-Frank Financial Stability Oversight Council is buzy identifying nonbank financial institutions that can be declared “Too Big To Fail” – Why institutionalize a bad idea?
Labor Force Participation Ratio – So many people left the work force in the last four years.
Jobs – Is it a coincidence that Obama placed a partisan as the head of the Bureau of Labor Statistics and a record total employment rose by 873,000, mostly part-time, in September?
Total Unemployment Rate (U-6) – includes total unemployed plus all marginally attached workers and total employed part time for economic reasons, and is stuck around 15%.
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.
Deficit – I 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.
Nationalism – “The empires of the future are the empires of the mind.” Winston Churchill.
Foreign Policy – The Obama Doctrine is now clear as a conscious effort to abdicate our global superpower role and a policy of serial appeasement to all potential threats.
Foreign Policy – American stature and reputation have degraded in the last four years and Secretary of State Clinton shares credit for this abysmal record with President Obama.
Russia – Russia announced its withdrawal from a post-Cold War deal to dismantle nuclear and chemical weapons when it expires next year is a failure of Obama security policy.
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.