Musings on the week ending 8/4/2012

David Coughlin | August 5, 2012 

Leadership – “Management is doing things right; leadership is doing the right things.” Peter Drucker.
Politics – The success of the TEA Party movement is a rediscovery of our core conservative values and our common sense, something missing from our Republican elites.
Politics – The best Vice President candidate that Mitt Romney could select would be Newt Gingrich, bringing Congressional experience and core conservative principles to the ticket.
Politics – This will be a strange election: Neither candidate will offer explicit plans, so Obama is campaigning as the anti-Romney, while Romney is campaigning as the anti-Obama.
Politics – Romney began the long overdue task of rebuilding allied relationships with longtime friends who were abandoned and betrayed by our reckless, feckless, subversive President.
Politics – Voter Question: “How did that vote for Obama work out for you? Are you better off today than when Barack Obama was elected? Is he making the economy better or worse?
November 2008 July 2012 Change
Federal Spending $2.75T $3.63T +$.88T
National Debt $9.99T $15.83T +$5.84T
Food Stamp Participation (000) 31,800 46,600 +14,800
Labor Force Participation Rate 65.8% 63.7% -2.1%
Employed (000) 144,078 142,220 -1,858
Employment Population Ratio 61.4% 58.4% -3.0%
Unemployed (000) 10,544 12,794 +2,250
Average Weeks Unemployed 18.9 38.8 +19.9
Unemployed – 27+ wks (000) 2,216 5,185 +2,969
Unemployment Rate (U3) 6.8% 8.3% +1.5%
Underemployment Rate (U6) 12.7% 15.0% +2.3%
Average Price/Gallon Gas $2.21 $3.60 +$1.39
Inflation Rate .09% 1.66% +1.57%
Misery Index 6.9 10.0 +3.1
Economic Freedom Ranking 5 10 -5

Politics – Voter Caution: Fool me once, shame on you. Fool me twice, shame on me! Once a mistake; Twice a fool!
Politics – The old says, “If you can’t win on the facts, argue the law; if you can’t win on the law, call your opponent names” describes the Democrat campaign strategy exactly.
Politics – Unsure how many more royal vacations are in store for her, Michelle Obama is representing the U.S. at the London Olympics, at enormous cost for her entourage.
Politics – It has become very obvious to American voters that the source of all racism talk and actions are from the mouths and minds of the Democrat “post racial” re-election team.
Media – The MSM has adopted the marketing technique of manufacturing gaffes out of politically incorrect truths to persuade naïve voters of Romney’s political incompetence.
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 TEA Party members will support Mitt Romney in the November election, delivering a landslide victory to the Republicans to repair the Obama damage!
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.
Leadership – “Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.” Peter Drucker.
Economy – The “Great Recession” ended three years ago, but the Obama “Not So Great Recovery” has stalled and crawled into the record books as the worst recovery in U.S. history.
Jobs – Fewer Americans are working today than in the year 2000, despite our population growing by 31 million and our labor force growing by 11.4 million since then.
Debt – Federal bankruptcy judges have allowed cities to claw-back over-sized benefit packages as part of bankruptcy settlements, so a flood of city bankruptcies are coming.
General Motors – GM Financial gave 93% of their auto loans to customers with FICO scores below the subprime threshold, and is known as the welfare office for people with bad credit.
Post Office – The United States Post Office is set to default for the first time in the 237-year history, failing to make a $5.5 billion payment for Future retiree health benefits.
Taxes – Conservatives believe that you pay minimal taxes for a limited government, while liberals believe income belongs to the government and they decide how much you keep.
Energy – Obama insists that “greenhouse gas”, primarily CO2, had to be reduced to offset global warming, but there is NO global warming and CO2 plays NO role in climate change.
Energy – The administration refuses to increase the amount of federal land open to oil and gas drilling, but is happy to unlock public lands for non-economical alternative energy use.
Health Care – 90% of British National Health Service Trusts ration health care, forcing nearly two thirds of Britons earning more than $78,700 a year to buy private health insurance.
Health Care – Senate Democrats blocked an ObamaCare repeal vote for the third time, despite the Republican controlled House passing the 3rd bill declaring its support for repeal.
Abortion – Whether to have sex is a choice with pregnancy as a potential consequence of that choice, but the President’s view is that pregnancy is a disease that needs to be treated.
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.
Leadership – “Leadership is solving problems. The day soldiers stop bringing you their problems is the day you have stopped leading them. They have either lost confidence that you can help or concluded you do not care. Either case is a failure of leadership.” Colin Powell.
GWOT – President Obama brags about killing Osama bin Laden, but it is revealed that he dithered for months, postponing three times, worrying about the political ramifications.
Israel – Muslims hate the existence of Israel, populated by despised dhimmi, as a humiliation for the people who consider themselves “best of nations” destined to rule the world.
Ecuador – Ecuador’s president Rafael Correa is preening to replace his cancer-stricken Venezuelan counterpart, Hugo Chávez, as the leader of Latin America’s lawless left.
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
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