Musings on the week ending 12/17/2011


By: David Coughlin
Freedom -Each generation goes further than the generation preceding it because it stands on the shoulders of that generation. You will have opportunities beyond anything we’ve ever known.” Ronald Reagan.
Politics – Independents are believed to be primarily moderates, but ignores the majority who are, like me, disillusioned conservatives who no longer align with the Republican Party Elite.
Politics – Sad to say the best ticket now is Gingrich for President and Bachmann for VP, but if the Republican Party elite selects Mitt Romney, I will have to hold my nose to vote for him.
Politics – Class warfare has backfired as Obama has given us an object lesson by posing the federal government as the solution to all our problems, and then proving it doesn’t work.
Politics – The question that must be asked is “How did that vote for Obama work out for you? Are you better off today than when Barack Obama took office?
 
January 2009
November 2011
Change
Federal Spending
$2.97T
$3.61T
+$.64T
National Debt
$10.6T
$15.1T
+$4.5T
Food Stamp Participation (000)
33,250
47,500
+14,250
Employed (000)
142,201
140,650
-1,551
Unemployed (000)
10,944
13,237
+2,293
Unemployment Rate (U3)
7.8%
8.6%
+0.8%
Underemployment Rate (U6)
14.1%
15.6%
+1.5%
Average Weeks Unemployed 
19.9
40.9
+21.0
Inflation Rate
.03%
3.53%
+3.5%
Misery Index
7.8
12.1
+4.3
Politics – Voter Caution: Fool me once, shame on you. Fool me twice, shame on me! Once a mistake; Twice a fool!
Media Time Magazine named the “Protester” its person of the year displaying moral equivalence among disparate groups and only adding incoherence to the conversation.
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 – Since Obama has been such a failure, I expect that the 2012 Presidential election will be the most racist campaign, with Democrats being the only ones saying racist things.
Freedom -Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.” Ronald Reagan.
Economy – Free markets tend toward equilibrium, but only if people reap the reward of their enterprise and pay the cost of their mistakes, and unhindered by government intervention.
Economy – If one includes government employees’ salaries and food stamps, more than half of Americans receive a substantial portion of their income from the government.
Economy – The Economic Surprise Index has documented how much economic predictions, reported as news, are almost always wrong, yet decisions are made based on their content.
Budget – The Congressional Super-committee conveniently overlooked the $687 billion in federal coffers, officially “unobligated” and thus available in their budget calculations.
Budget – The omnibus spending agreement reached is another example of growing federal spending without budget scrutiny to avoid a manufactured crisis of “government shutdown.”
Healthcare – The Early Retiree Reinsurance Program (ERRP) is the latest ObamaCare casualty which is going bankrupt on December 31st of this year three years prior to its funding.
Social Security – Extending the payroll tax-break is a disingenuous technique to buy votes while avoiding any fix to the funding problem and meanwhile adding to deficit.
Taxes January 1, 2013 will mark the largest tax hikes in history: expiration of the 2001 and 2003 Tax Relief, new ObamaCare tax hikes, and the un-indexed Alternative Minimum Tax.
Housing – The National Association of Realtors has admitted that they have been reporting inflated figures on “sales” of previously owned houses for the past five years.
Crime – The Supreme Court ordered California to release up to 46,000 of the state prisoners, and I expect the crime rate to rise quickly in 2011 because these criminals are on the street.
Debt – I expect that it is only a matter of time until Moody’s and Fitch join Standard & Poor’s downgrading our credit rating in 2011 to reflect Congress inability to control over-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.
Freedom -A people free to choose will always choose peace.” Ronald Reagan.
GWOT – Muslims only delude themselves when they look outward for the cause of their bad reputation, when their reputation is defined by Islamists who care little for their perception.
Europe – Premature adoption of the Euro as a common currency may be the death of the desired centralized European Union as unintended consequences prove fatal.
Israel – Newt Gingrich’s calling Palestinians an “invented people” has finally caused this topic to be discussed openly and Palestinian legitimacy questioned objectively.
Iraq Congratulations to President Bush for liberating Iraq from Saddam Hussein in 2003, rebuilding the infrastructure in 2006, and defeating the Islamist terrorists with the surge in 2010.
Middle East – As Obama abandons Iraq and Afghanistan, the question is when, not if, these governments will be overthrown by hard-line Islamist regimes erasing any progress made.
Europe – I expect a wave of European sovereign debt defaults will occur within the next six to twelve months (Greece and Portugal?), reflecting the weakness in the socialist economies.
Israel – I expect that Israel will be attacked by Hamas again in 2011 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.

About The Author David Coughlin:
David Coughlin is a political pundit, editor of the policy action planning web site “Return to Common Sense,” and an active member of the White Plains Tea Party. He retired from IBM after a short career in the U.S. Army. He currently resides with his wife of 40 years in Hawthorne, NY. He was educated at West Point (Bachelor of Science, 1971) and the University of Alabama in Huntsville (Masters, Administrative Science, 1976).
Website:http://www.returntocommonsensesite.com/

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