RTCS

Musings on the Week

Return to Common Sense

November 3, 2012

 

Leadership – “Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.Peter Drucker.

Politics – An Israeli poll finds a strong preference among Israeli Jews for Republican Mitt Romney and a strong preference among Israeli Arabs for Democrat Barack Obama.

Politics – Voter Question:How did that vote for Obama work out for you? Are you better off today than when Barack Obama was elected? 85% of Americans said No!

 

November 2008

October 2012

Change

Federal Spending

$2.75T

$3.54T

+$.79T

National Debt

$9.99T

$16.23T

+$6.24T

Food Stamp Participation (000)

31,800

47,100

+15,300

Labor Force Participation Rate

65.8%

63.8%

-2.0%

Employed (000)

144,078

143,384

-694

Employment Population Ratio

61.4%

58.8%

-2.6%

Unemployed (000)

10,544

12,258

+1,714

Average Weeks Unemployed

18.9

40.2

+21.3

Unemployed - 27+ wks (000)

2,216

5,002

+2,786

Unemployment Rate (U3)

6.8%

7.9%

+1.1%

Underemployment Rate (U6)

12.7%

14.6%

+1.9%

Average Price/Gallon Gas

$2.21

$3.91

+$1.70

Inflation Rate

.1%

2.0%

+1.9%

Misery Index

6.9

9.9

+3.0

Global Competitiveness Index

1

7

-6

Economic Freedom Ranking

5

18

-13

Politics – Voter Caution: Better than last month, we are still worse off than 4 years ago. Fool me once, shame on you. Fool me twice, shame on me! Once a mistake; Twice a fool!

Politics Obama’s October surprise turned out to be his mismanagement of the embassy attack in Libya, displaying his incompetence and lack of focus on foreign policy.

Politics Democrats have over-played the race card, crying wolf at every opportunity, but this call has fallen on deaf ears now immune to baseless accusations used to distract voters.

Media The mainstream media has failed the public by actively participating in the political cover-up of malfeasance and dereliction of duty that cost American lives in Benghazi.

Politics I expect Democrats to go through all five stages of grief before, during, and after the November election: Denial, Anger, Bargaining, Depression, and Acceptance.

Politics I expect a large number of fraudulent votes to be cast in the November election, with the only question how many are counted and did they decide any election results?

Media – The MSM continues to hemorrhage readers with political ads in the 2012 election propping them up, but I expect the MSM to begin to disappear – Newsweek is the first to go.

Politics – The Presidential debates showed Mitt Romney appearing Presidential while Barack Obama at times seemed small, largely because the President ran away from his record.

Leadership – “Management is doing things right; leadership is doing the right things.Peter Drucker.

Economy The recovery recorded a growth of 2% in 2nd quarter, but may be revised down, which is a 2012 rate of 1.74%, which is less than 2011 at 1.8% and lower still than 2010. 

Social Security – The number of Americans collecting disability benefits rose to a new record of 8.803,335 in October, hastening the race toward insolvency currently expected in 2018. 

Energy – The DOE spent $9 billion of federal funds on 23,000 wind and solar voltaic energy projects between 2009-11 generating 910 “direct” jobs at $9.8 million per long-term job. 

Education Identity studies have become far removed from any hint of academic or intellectual legitimacy that teachers of more established disciplines no longer support them. 

Flood Insurance The federal government spends $18 billion on flood insurance as it interferes with the private insurance market and undercharges its riskiest customers. 

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.

Leadership – “The best way to predict the future is to create it. Peter Drucker.

GWOT Islamist terror is driven by the supremacism and totalitarianism of Middle Eastern Islam, which is an ideology that requires submission to Allah’s law, not individual liberty.

Defense AFRICOM General Carter Ham was summarily relieved (i.e. fired) when he ordered special forces teams to respond to the calls for help from our people in Benghazi.

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