Musings on the week ending 9/29/2012
David Coughlin | September 29, 2012
Politics – “I expect to be judged by results… if stuff hasn’t worked and people feel I’ve led the country in the right direction, then you’ll have a new President.” Barack Obama.
Politics – Barack Obama is running against Mitt Romney for President, while Romney is running against Obama, the Mainstream Media, and the left-leaning pollsters.
Politics – The election chooses between Barack Obama, demonstrably a better campaigner than President, vs. Mitt Romney, potentially a better President than campaigner.
Politics – Hopefully Mitt Romney will unveil the details of what he will do differently as President at the debates, providing a reason to vote for Romney rather than against Obama.
Politics – The Republican Party looks very different, running more than 60 black and Hispanic Republicans for Congress, with the highest number in the House since the Reconstruction Era.
Politics – Barack Obama has lost his magic since everything he touches has failed: the economy, job creation, civil rights, energy independence, and international respect.
Politics – It is high probability that if Barack Obama is re-elected, that the fiscal cliff of tax increases and spending cuts will trigger the second half of the double dip recession.
Media – Americans’ distrust in the media hit a new high this year, with 60% saying they have little or no trust in the mass media to report the news fully, accurately, and fairly.
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.
Government Dependence – Dependence on government programs has been slowly increasing, but President Obama went into overdrive to increase this percentage.
Taxes – “The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.” Barack Obama.
Debt – The Federal Reserve will purchase $40 billion worth of mortgage-backed securities per month that have no market value, devaluing the dollar and increasing our cost-of-living.
Stimulus – The “stimulus” was throwing money around with no concept of value, wasted on the politically well-connected, and temporary “make work” projects of unjustifiable costs.
Automobile – The CBO found that even with the $7,500 tax credits, electric cars are a bad buy, costing owners more over the life of the car than traditional gas-powered vehicles.
Jobs – If it weren’t for millions of Americans giving up and dropping out of the workforce, or taking part-time jobs, the official unemployment rate would be well into the teens.
Housing – A HUD mandated that 50% of Fannie and Freddie’s loans were to be “affordable” causing 40% of mortgages to be lower quality subprime when the housing bubble burst.
Entitlements – Transfer the food stamp program from the Department of Agriculture to the Department of Health and Human Services, then rename the Department of Dependence.
Energy – Obama’s War on Coal spawned a punishing regulatory environment with minimal climate benefits that has resulted in the closing of 175 coal-fired power plants so far.
Environment – Absence of any evidence of anthropogenic global warming undermines any legitimacy of carbon taxes, other than a thinly disguised international redistribution of wealth.
Election – True the Vote has uncovered 31 instances so far of absentee ballot fraud where people voted in both New York and Florida in the same federal election cycle.
Immigration – Immigrants are welcome visitors awaiting citizenship, as long as they are self-sufficient and do not require (drain) our government “safety net” program funding.
Healthcare – Obama promised that he would cut health insurance premiums for families by $2,500 in his first term, but instead family premiums have increased by more than $3,000.
Abortion – New York’s schools have expanded their role again, giving children the morning-after pill without notifying their parents, let alone getting their express approval.
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.
Apologies – “I know my country has not perfected itself. At times, we’ve struggled to keep the promise of liberty and equality for all of our people. We’ve made our share of mistakes, and there are times when our actions around the world have not lived up to our best intentions.” Barack Obama.
Defense – Despite little support for repealing “Don’t Ask, Don’t Tell,” pro-homosexual problems have already surfaced and are undermining morale and military preparedness.
Taxes – Hillary Clinton has revealed her latent leftist tendencies by advocating a global governance tax on elites of the world, expanding redistribution of wealth internationally.
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.
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