Musings on the week ending 1/14/2012


By: David Coughlin
Democracy – “To make democracy work, we must be a nation of participants, not simply observers. One who does not vote has no right to complain.” Louis L’Amour.
Politics – Only 18% of Americans now believe that the country in on the right track and has never been above 47% since Obama took office, and perception of Congress is even worse.
Politics – Rush Limbaugh came out this week and agreed with my election prognostication that there is no way Obama can win in November and it will likely be a decisive margin.
Politics – The replacement of Joe Biden with Hilary Clinton on the Obama ticket would just be Leftist-in-Chief joined by Leftist-lite, both running on the same failed transformation record.
Politics – The best Republican Presidential candidates are Newt Gingrich, followed by Rick Santorum, and Mitt Romney still requires me to hold my nose to vote for him.
Politics – The only reason Ron Paul is still in the race is because his ideas on spending, deficit, and debt resonate with American voters… too bad he is so loony on foreign policy.
Politics – Voter Question:How did that vote for Obama work out for you? Are you better off today than when Barack Obama took office? Is he making the economy better or worse?
January 2009
December 2011
Change
Federal Spending
$2.98T
$3.62T
+$.64T
National Debt
$10.66T
$15.14T
+$4.48T
Food Stamp Participation (000)
32,200
47,500
+15,300
Employed (000)
142,201
140,790
-1,411
Unemployed (000)
11,984
13,097
+1,113
Unemployment Rate (U3)
7.8%
8.5%
+0.7%
Underemployment Rate (U6)
14.1%
15.2%
+1.1%
Average Weeks Unemployed 
19.9
40.8
+20.9
Inflation Rate
.03%
3.39%
+3.36%
Misery Index
7.8
11.9
+4.1
Politics – Voter Caution: Fool me once, shame on you. Fool me twice, shame on me! Once a mistake; Twice a fool!
Media – Proof that the Mainstream Media is partisan is the fact that they reported 2008 Democrat primaries as healthy discussion, but 2012 Republican primaries as destructive.
Media – When will Republicans learn to insist on conservatives as moderators for Presidential debates, instead of washed up Democrat hacks disguised as journalists?.
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.
Politics – If the Republican Party nominates Mitt Romney as their Presidential candidate, I expect that the TEA Party members bail out of the Party in droves to become Independents.
Free Markets -So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” Milton Friedman.
Capitalism – Democrats are fond of talking about needed reforms to free market capitalism, not understanding that the root cause of the problem is their own government intervention.
Economy – The latest Index of Economic Freedom downgrades the U.S. economy for the 4th year running, due to monetary policy, finance, property rights, and government spending.
Economy – The U.S. debt ($15.3 trillion) has surpassed the total production of the entire country GDP), joining Portugal, Italy, Ireland, Greece, and Japan in this predicament.
Debt – President Obama has already asked to raise the debt ceiling by $1.2 trillion, only six months after the last deal and only asking for enough to cover until after the election.
Jobs – What is lost in the job discussion is that the U.S. Labor force grew every year during the Bush years, but stopped growing during the Obama years as workers become discouraged.
Jobs – The BLS December jobs report was the first non-negative news in a long time, but far too early to declare victory since over one-fifth of the new jobs were seasonal delivery jobs.
Housing – FHA is the next government sponsored enterprise to fail with 17.4% of all FHA loans delinquent 30 days or more as of November 2011, with $1 trillion in insured loans outstanding.
Labor – Obama sees unions and their members as a means to an end in his quest for power and he will quickly abandon them when they no longer have value as a political prop.
Abortion – Planned Parenthood “abortion services made up 91% of services for pregnant women in 2010,” resulting in 330,000 abortions last year alone.
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 2012 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 -Freedom is never voluntarily given by the oppressor; it must be demanded by the oppressed.” Martin Luther King, Jr.
Defense – David Limbaugh summarized Obama’s political motto best, “Gut nation-saving defense spending in order to increase nation-destroying domestic spending.”
Iraq – Evidence of Obama’s failed policy and premature abandonment of Iraq is already apparent with sectarian strife presumably by the “non-existent” al-Qaeda in Iraq.
Foreign Aid – Haiti has become the new poster child for wasted aid money, with 12 billion in aid the country is still in ruin, since throwing unaccountable money at a problem solves little.
Europe – Standard and Poor’s downgraded the credit rating for France and eight other European nations, since policy initiatives are insufficient to address systemic eurozone issues.
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 2012 and the IDF will retaliate by invading and then annexing Gaza based on the concept of defensible borders.
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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