Musings on the week ending 9/8/2012
David Coughlin | September 8, 2012
Government – “Folks, this government isn’t too big to fail, it’s too big to succeed.” Sarah Palin.
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 August 2012 Change
Federal Spending $2.75T $3.63T +$.88T
National Debt $9.99T $16.01T +$6.02T
Food Stamp Participation (000) 31,800 46,700 +14,900
Labor Force Participation Rate 65.8% 63.5% -2.3%
Employed (000) 144,078 142,101 -1,977
Employment Population Ratio 61.4% 58.3% -3.1%
Unemployed (000) 10,544 12,544 +2,000
Average Weeks Unemployed 18.9 39.2 +20.3
Unemployed – 27+ wks (000) 2,216 5,033 +2,817
Unemployment Rate (U3) 6.8% 8.1% +1.3%
Underemployment Rate (U6) 12.7% 14.7% +2.0%
Average Price/Gallon Gas $2.21 $3.50 +$1.29
Inflation Rate .09% 1.41% +1.32%
Misery Index 6.9 9.5 +2.6
Global Competitiveness Index 1 7 -6
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!
Media – The hit movie “2016” by Dinesh D’Souza revealed more in an hour and a half about Obama’s past and his thinking, than the MSM found in four years as President.
Politics – By mutual agreement Obama is only campaigning and fund-raising for himself, since most Democrats are distancing themselves from him on the campaign trail.
Language – Political correctness is patronizing and condescending as it attacks any critical thinking and logic that does not parrot and conform with the liberal groupthink.
Politics – How can anyone with any common sense vote for the Democrat Presidential ticket with Vice President Joe Biden a breath away from being the President of the United States?
Politics – Diehard “Red-Lipped” Democrats supporters must have permanently stained lips from repeatedly drinking the party-line Kool-aid and never once questioning his leftist ideas.
Politics – Obama and his leftist fellow-travelers, disciples of Saul Alinsky, have brought the Marxist strategy of politics of personal destruction and demagoguery into the mainstream.
Politics – Obama is unable to see reality as he convinced himself that he is bipartisan despite his repeated attacks on Republicans and refusal to accept any Congressional input.
Politics – Democrats are losing their own “War on Women” as women see through the blatant pandering to reveal the only value progressives perceive is their guaranteed vote.
Media – Polls are grossly inaccurate missing the enthusiasm disparity, with independents too buzy or too frustrated to answer pollsters, thus under-reporting Romney support by over 10%.
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.
Economy – “To paraphrase Hemingway, people go broke slowly and then all at once. We’ve been slowly going broke for years, but now it’s happening all at once as the world’s capital markets are demanding action from us, yet Obama assumes we’ll just go borrow another cup of sugar from some increasingly impatient neighbor. We cannot knock on anyone’s door anymore. And we don’t have any time to wait for Washington to start behaving responsibly. We’ll be Greece before these D.C. politicians’ false promises are over. We must force government to live within its means, just as every business and household does.” Sarah Palin.
Economy – The damaged economy that Obama inherited was caused by policies designed to expand the social engineering goal of home ownership with government guarantees.
Economy – The Obama administration is covering up its ineptitude by claiming this is a “new normal” of high unemployment and spending, increased dependence and slow growth.
Jobs – Next month will mark the 44th straight month of unemployment over 8% for our 44th President, Barack Obama and the worst recovery record since the Great Depression.
TARP – Obama bailed out General Motors, but he will lose over $30 billion on his investment, punish shareholders, bailout the union pensions, and only delay the GM bankruptcy date.
Entitlements – The federal government devotes more attention and resources to the public transfer of money, goods and services to individual citizens than to any other objective.
Abortion – The Democrat Convention platform has changed from abortion should be “safe, legal, and rare” to any time, any reason, and paid for by you federal government.
Poverty – The breakdown of marriage in low-income and working-class communities drive vast majority of unwed childbearing in the U.S. and has the biggest impact on child poverty.
Civil Rights – African-Americans overwhelmingly voted for Obama in 2008 because he was perceived to be black, which defines this voting block as being stereotypically racist.
Regulations – The Constitution required 16 pages, while the convoluted tax code requires 73,608 pages and the federal register needs 82,419 pages for cronies and protected classes.
Debt – The real fiscal cliff that this nation faces is hiding in plain sight, since the economy will be totally upended once interest rates return to normal ranges and debt interest skyrockets.
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.
National Security – “He (Barack Obama) can give an entire speech about the wars America is fighting, and never use the word ‘victory’ except when he’s talking about his own campaign.” Sarah Palin.
Israel – A Gallup poll showed that 78% of Republicans supported Israel over the Palestinians, whereas only 53% of Democrats agreed, which explains the Democrat platform debacle.
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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