RTCS

Musings on the Week

Return to Common Sense

December 8, 2012

 

Socialism – The goal of socialism is communism.Vladimir Lenin.

Politics – The surprise “purge” of the four conservative lawmakers from key committee assignments may be the straw that broke the back of the Congressional Republican elite.

Politics – 49% of GOP voters nationally say they think that Democrats stole the election for President Obama, but nothing will be investigated or done on this perceived problem.

Politics – Voter Question:Voters must have ignored this data before voting for Obama!

 

November 2008

November 2012

Change

Federal Spending

$2.75T

$3.54T

+$.79T

National Debt

$9.99T

$16.35T

+$6.36T

Food Stamp Participation (000)

31,800

47,800

+16,000

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

$3.84

+$1.63

Inflation Rate

.1%

2.2%

+2.1%

Misery Index

6.9

10.1

+3.2

Global Competitiveness Index

1

7

-6

Economic Freedom Ranking

5

18

-13

Politics – I expect the TEA Party movement to re-emerge as the new taxes and regulations hit, and the “second half” of our 2008 recession hits full force (as if it ever stopped).

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.

Socialism – Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.” Thomas Sowell.

Debt – The federal government has borrowed more money during Obama’s time as President than it did from the time of President Washington through President Bush.

Deficit – Obama’s unserious offer was $1.6 trillion tax increase, $50 billion stimulus, and raise the debt limit, Republicans remember rejecting much less last time – why accept now?

Deficit – The Democrat idea of compromise is that Republicans compromise on principles, accepting symbolic concessions (soon ignored) – worst of “capitulation and appeasement.”

Deficit – House Republicans must do the right thing” to offer good legislation to address the underlying economic conditions, and then let the Democrats be obstructionists in Senate.

Taxes – It isn’t the “rich” who aren’t paying their “fair share,” but the increasing share of Americans who pay nothing and demand more and more payment for their dependence.

TaxesProgressive tax rates are the political instrument for redistribution of wealth endorsed by Karl Marx, the father of communism, as the prime essential of a socialist state.

Justice – Now that the DOJ and ATF have announced plans to fire mid-level “Fast and Furious” participants, indict Eric Holder for manslaughter in the deaths of the border agents.

Homeland Security – The Urban Area Security Initiative has spent $35 billion on grants programs to make Americans safer from terrorist attacks, with no effectiveness measure.

Religion – The Constitution made it clear that the intent is not to prevent any expression of religious belief, nor preventing any aspect of an individual freely exercising their religion.

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 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.

Socialism –The meaning of peace is the absence of opposition to socialism. Karl Marx.

Foreign Policy Ambassadorships have been awarded as political patronage rewards for campaign bundlers, with no other qualifications for these high visibility positions.

Libya – Why no answer to: Who ordered the military to “stand down” and abandon American citizens under attack, but instead covering up with partisan talking points and an illicit affair?

Libya Clinton refused to provide security before they died, Panetta refused to provide military assistance as they died, and Obama’s cover-up hides his role after they died.

Israel – Palestine claims to be a separate state, yet it has no history, no viable economy, and no purpose other than to be a forward firing base for terrorist missiles launched into Israel.

Israel – The Palestinian two-state solution must be abandoned as incomprehensible and indefensible considering Palestine’s sole reason for existence is to wipe Israel off the map.

Ireland Ireland is the model for austerity measures, increasing taxes and radically reducing spending to grow the economy, lowering interest rates, and restoring the credit rating.

Israel I expect that Israel will be attacked by Hamas and the IDF will retaliate by invading and then re-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.

 

David Coughlin

Hawthorne, NY       

www.ReturnToCommonSensesite.com