Political Musings for the Week Ending Feb 4, 2012

Freedom – “It is by the goodness of God that in our country we have those three unspeakably precious things: freedom of speech, freedom of conscience, and the prudence never to practice either.” Mark Twain.
Politics – Star Parker observed that Obama’s State of the Union vision was entitled “An America Built to Last” but it would be better described as “An America Built to Be Last.”
Politics – The anti-American Occupy Wall Street movement’s true nature was revealed when they announced their plan to violently disrupt the G8/NATO summit in Chicago on May 19th.
Politics – The Presidential primary “family feud” within the Republican Party is no better or worse than the Obama- Clinton “dustup” by the Democrat Party prior to the 2008 election.
Politics – My choice for Republican Presidential candidate is Newt Gingrich followed by Rick Santorum, but anointing Mitt Romney will still require me to hold my nose to vote for him.
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
December 2011
Federal Spending
National Debt
Food Stamp Participation (000)
Employed (000)
Labor Force Participation Rate
Unemployed (000)
Unemployment Rate (U3)
Underemployment Rate (U6)
Average Price/Gallon Gas
Inflation Rate
Misery Index
Economic Freedom Ranking
Politics – Voter Caution: Fool me once, shame on you. Fool me twice, shame on me! Once a mistake; Twice a fool!
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.
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.
Voting – “In this country we have one great privilege which they don’t have in other countries. When a thing gets to be absolutely unbearable the people can rise up and throw it off. That’s the finest asset we’ve got — the ballot box.” Mark Twain.
Economy – The World Economic Forum in Davos blamed capitalism for the economic downturn, when root cause analysis finds government interference as the true cause.
Economy – It should not be a surprise that the economic recovery is taking so long, since first damage must be repaired before growth programs can flourish and drive the economy.
Economy – The CBO predicted only 1.1% annual growth next year due to the crushing burden of government debt, out-of-control spending, and persistent unemployment.
Budget – A balanced budget Amendment to the Constitution would put the Democrat Party out of business, because campaigns promises would all have to be justified and funded.
Finance – The First Bank of the United States, established in 1791, was a private, profit-making institution, prohibited from buying government bonds and requiring a 40% reserve ratio.
Taxes – The CBO predicted that U.S. taxes will increase by 30% between 2012 and 2014 and the economy will remain sluggish, partly because of these higher taxes.
Taxes – Oklahoma is joining nine other non-income-tax states by repealing their state income tax to drive personal income growth, job growth, and state economic prosperity.
Housing – Obama is not satisfied with Fannie Mae and Freddie Mac being bankrupt, so his new mortgage bailout plan will provide a way to bankrupt FHA at taxpayer expense as well.
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.
Peace – “Peace by persuasion has a pleasant sound, but I think we should not be able to work it. We should have to tame the human race first, and history seems to show that that cannot be done.” Mark Twain.
Defense – The Obama administration Defense spending and force size cuts effectively changes the philosophy from “Peace through Strength” to “I Hope They Don’t Attack Us.”
Egypt – The parliamentary elections have been held, and the Islamist Muslim Brotherhood and the hardcore Salafist al-Nour Party won over 75% of the seats – was Obama surprised?
China – The Obama Administration is gradually reducing arms sales to the ROC on Taiwan, hoping to use as lever in negotiations with China to write-off $1.4 trillion in American debt
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.

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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