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.

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.

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.


David Coughlin

Hawthorne, NY