Musings on the Week
Return to Common Sense
November 24, 2012
Leadership – “The supreme quality for leadership is unquestionably integrity. Without it, no real success is possible, no matter whether it is on a section gang, a football field, in an army, or in an office.” Dwight D. Eisenhower.
Politics – In 2008, 20% of Americans said the country would be worse off in four years and in 2012, the percentage of Americans who think America will be worse off in fours doubled.
Politics – The Republican Party needs a wake-up call that will be delivered when millions of voters change registration from Republican to Independent, Conservative , or Non-Affiliated.
Media – The MSM continues to hemorrhage readers, with political ads in the 2012 election propping them up, but I expect the MSM to begin failing, with Newsweek the first to go.
Leadership – “We need real leadership, Democrat, Republican and independent to stand up and say, we have to live within our means.” Tom Coburn.
Economy – Considering the vast array of reports released since the election showing just how weak the economy really is, the President will need a new scapegoat to blame soon.
Deficit – The Eurozone has tried to raise taxes to fix their economies, but after three years of a weak recovery they have slipped back into the second half of their double dip recession.
Deficit – The “payroll tax holiday” was a temporary 2% cut in Social Security taxes to get folks spending, but instead costs $125 billion annually and has not increased consumer spending.
Deficit – The CBO forecasts the “fiscal cliff” combination of tax increases and spending cuts would reduce the GDP growth by 3.5%, and push the unemployment rate back over 10%.
Jobs – Normal full employment has always been 5%, while Obama is trying to reset voter expectations that 8% unemployment is “normal” and any decrease is wonderful news.
Social Security – Federal disability insurance payments hit a record $135 billion in FY 2012, with a record 8,805,353 workers taking disability, or about 1 for each 13 full-time workers.
Labor – Voters in Michigan rejected a ballot initiative to enshrine collective-bargaining as a constitutional right for unions and block right-to-work laws - another Wisconsin-like defeat.
Housing – FHA's FY 2012 Actuarial Study for its single family program shows that its capital position has turned negative, and putting it $34.5 billion short of its legal capital requirement.
Elections – Voters backed conservative-oriented ballot initiatives: denying race-based policies in Oklahoma, turning down benefits to illegal immigrants in Montana, rejecting assisted suicide in Massachusetts, defeating tax increase measures in Washington, Missouri, South Dakota and Arizona, and backing parental notification for abortions in Montana.
Environment – Federal agencies have replaced science, sound risk assessment and honest cost-benefit analyses with conjecture, exaggeration, and agenda-driven politicized science.
Environment – The “Green Climate Fund,” established in 2011, is meant to raise $100 billion a year from public and private sources to help developing countries curb greenhouse gases.
Agriculture – The U.S. feeds 3 times as many people with one-third as many total farmers on one-third less farmland than in 1900, in the process producing almost 25% of the world’s food.
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 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 – “Lead me, follow me, or get out of my way.” George S. Patton.
Foreign Policy – Obama is pushing Susan Rice as the next Secretary of State since she is intellectually incompetent, ideologically compliant, and politically malleable.
Defense – The first casualty of the sequestration Defense spending cuts should be the “green energy” boondoggle that force the use of high cost alternative fuels by the military.
Libya – The real scandal is the order to “stand down” and abandon American citizens under attack and everything else, every “scandal” is just a distraction from this failure of leadership.
Israel – American public opinion is four-to-one pro Israel’s right to exist, opposed to Obama administration and the Democrat Party’s position on this vitally important foreign policy issue.
Israel – I expect that Israel will be attacked by Hamas 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, and Obama will talk a lot, but stand aside and refuse to help defend this longtime ally.
Asia – I expect that North Korea will attack South Korea and attempt to reunite Korea, and Obama will be “unable” to support our troops and will negotiate for a stalemate.