General Motors – The car company
still owes the government (taxpayers) 42 billion of 50 billion dollars in
loans.

New York - The Metropolitan Transportation Authority is considering adding on
a 'green fee' on each new MetroCard to encourage riders to recycle their cards.

Gun Control – In the aftermath of the
Aurora massacre, President Obama has flipped flopped and now says he is seeking
more gun control laws.

Climate Change - The UN’s
Intergovernmental Panel on Climate Change produced a global warming model that
blamed humans and predicted a global climate catastrophe. Now though, many
scientists are retracting their cataclysmic predictions and reassuring the
public that there is nothing to worry about and that no report proves that
carbon emissions harm the Earth’s climate. 

Germany - Germany’s credit rating is
likely to drop from AAA. Moody’s credit rating agency has pronounced Germany’s
credit rating outlook to be negative, which often precedes downgrades.

Gay Porn - One of the "bundlers" who has raised $50,000 to $100,000
for the Barack Obama presidential campaign is Terrence Bean, who once
controlled the biggest producer of gay porn in America.

Federal Reserve – Are government audits
coming for the Federal Reserve? The House of Representatives has passed
legislation, in bipartisan fashion, to do just that but unfortunately it is
expected to die as soon as it reaches the Senate floor. However, most Democrats
are against the audit because they do not want to make it like they meddle in
financial issues. Really?

Virginia Voter Fraud - Republican
presidential candidate Mitt Romney's campaign is asking Attorney General Ken
Cuccinelli to launch an investigation into voter-registration forms that are
being sent to Virginia residents and addressed to deceased relatives, children,
family pets and others ineligible to vote.

Senate Cafeteria - Senate food service
workers voted not to join a union (Service Employees International Union- SEIU affiliated
local).

TSA – The government organization has
gotten an injection in funding and now will be patrolling bus and train
stations.

Election Enthusiasm – The latest Gallup
polls show Democratic enthusiasm as its lowest levels since the 2000 election
and Republicans at their highest point since 2000.

Obamaisms - "Just like we've tried
their plan, we tried our plan, and it
worked...that's why I'm running for a second term." “Mr. Romney
wants to get rid of funding for Planned Parenthood. I think that is a bad
idea,” Obama said. “I’ve got two daughters. I want them to control their own
health care choices. We’re not going backwards, we’re going forwards.”

USDA – Caving to pressure from farmers
and dairy producers the USDA retracts its call for “Meatless Mondays” – the
latest initiative pushed by the UN.

ObamaCare - Senate majority leader
Harry Reid (D-NV) pledged to block conservative efforts to vote on the repeal
of Obamacare and to block the Obama tax hikes. 

FDA - The FDA said that
baby bottles and children’s drinking cups could no longer contain the chemical
bisphenol A, or BPA. Its decision was a response to a request by the American
Chemistry Council urging that BPA in those products be phased out, in part to
boost consumer confidence. 

Gun Control – It did not take long
after the Colorado massacre for those on the left to call for gun control. But
the call for gun control backfires since background checks for people wanting to
buy guns in Colorado reportedly increased more than 41 percent after last week’s
Aurora movie massacre. Even Mexico got in the act,
lecturing the U.S. on guns (yes, the same country that has tens of thousands of
people die each year from guns):"Because of
the Aurora, Colorado tragedy, the American Congress must review its mistaken
legislation on guns. It's doing damage to us all," Mexican President Calderon
said. NY City Mayor Bloomberg got into the debate by saying
police officers should not protect Americans until gun control is enacted.

Fundraising – We hear all this talk
that Romney is outspending Obama. President Obama spent $58 million in
June and still has almost $100 million on hand for more. Romney? He spent a
paltry (by comparison) $33 million, and only has $22.5 million left to spend.
In other news, Obama’s 185 fundraising event was with 60 of his wealthiest supporters in San
Francisco, including two figures at the center of the Solyndra
loan controversy.

Obama Enemy List – Top contributors to
the Romney campaign are facing IRS and Department of Labor audits of their taxes
and workplace.

Chick-Fil-A – Boston Mayor (Thomas
Menino) had this to say about the company who has been donating money to pro
family organizations: “Chick-Fil-A doesn’t belong in Boston. You can’t have a
business in the city of Boston that discriminates against a population. We’re
an open city; we’re a city that’s at the forefront of inclusion.” What’s worse,
the supposedly anti-gay comments made by Chick-Fil-A President Dan Cathy as
reported by MSM never happened. MSM made it up.  

Tax Fairness - A new report just out
from the Internal Revenue Service reveals that 36 of President Obama's
executive office staff owe the country $833,970 in back taxes. But the White
House expects to increase taxes on the wealthy.

Border Security - Two Seattle men say they spent
more than two hours in a detention center at the Canadian border after U.S.
border agents discovered illegal chocolate eggs
in their car.

US Forest Service - The City of
Tombstone is squaring off against the U.S. Forest Service over water rights in
a fight to rescue “The Town Too Tough to Die.” Citing the Wilderness Act, the
Forest Service is refusing to allow the city to repair its waterlines to
mountain springs it has owned for nearly seventy years – and which date back to
the 1880s. This refusal is threatening residents, private property and public
safety with the risk of a total loss of fire protection and safe drinking
water.

Budget and Deficit – It has been over
1100 days since Congress passed a budget and our deficit, for the fifth
straight year, has gone over 1 trillion dollars.

Elizabeth Warren – In an interview
Warren says the government needs to increase infrastructure spending by 9% to
keep up with China.

Olympics - American medalists face a
top income tax rate of 35 percent. Under U.S. tax law they must add the value
of their Olympic medals and prizes to their taxable income. It is therefore
easy to calculate the tax bite on Olympic glory.

Chuck Schumer – While discussing the Disclosure Act, Schumer said
there should be limits to the first amendment. These are the same Democrats
that pushed for the first amendment to also cover freedom of expression so it
is legal to burn the American Flag. They made their bed, they should sleep in
it.

Filibuster – Harry Reid,
the Senate Majority Leader, is now openly promising to pass filibuster reform
in the beginning of the next Congress if Democrats manage to hold onto a simple
majority in the Senate and if Obama is reelected.

Navy Seals – Former members of Team Six
have formed a Super PAC to take down Obama claiming he took credit for the
Osama Bin Laden killing for political gain. “The President
has failed and he is jeopardizing the safety of our troops, their families and
our National security for political gain. Obama has exposed the identity of
special operations units, leaked classified information, and limited the rules
of engagement of forces on the ground,” said Mr. Zinke. “For those who have
taken an oath to defend the Constitution against all enemies, both foreign and
domestic, it is a call of duty to take back America from a Commander-in-Chief
that is incapable of understanding the sacrifices that have been made for the
values that have made America great.”

Jobs - President Barack Obama’s
Jobs Council hasn’t met publicly for six months because the President claims he
is too busy. However, apparently not busy enough to skip a golf outing though.

Steny Hoyer - House Minority Whip Steny Hoyer (D-Md.) said Tuesday that food
stamps and unemployment insurance are the two "most stimulative"
things you can do for the economy.

DOE – The Department of Energy was given 2 billion dollars in
stimulus funds to spend on battery making companies, but the department admits
to misplacing about a half million dollars in this program.

TSA – Twenty-Five illegal aliens have
attended flight school since a “weakness” in TSA’s Alien Flight Student
Program, noted by GAO, is that it does not check for immigration status.

Romney’s Taxes - Facing questions about
why she and other top Congressional
officials won’t release their tax returns, House Minority Leader Nancy Pelosi
(D-Calif.) downplayed her previous demands for presumptive GOP presidential
nominee Mitt Romney to release his, calling the issue a distraction

Harry Reid - If solar panel production at the Amonix’s Nevada facility
permanently ceases, it could prove awkward for Harry Reid, who touted the
“permanent green jobs” that the Amonix business supposedly represented. The
company laid off 200 employees in January.

Ford - Ford Motor Co. is telling owners of one version of
the brand-new Ford Escape not to drive the SUVs until dealers can fix fuel lines that can crack
and spill gasoline, causing engine fires.

Aurora CO Shooting – “The Colorado Tea
Party Patriots and the Tea Party Patriots are saddened to hear of the death and
wounding of theater goers in Aurora, Colorado. The member of the Colorado Tea
Party Patriots, Jim Holmes, age 52 is not the same person who has been
identified as the shooter. The attempts of some media organizations to
characterize the shooter as a Tea Party member without having made any effort
to contact our organization are shameless and reprehensible.”

Syria - Russia and China vetoed a UN
Security Council resolution on Syria for the third time, sparking outrage by
the Western nations which demanded sanctions against President Bashar
al-Assad. 

Olympics - Olympic officials are wondering if McDonald's should
continue sponsoring the Olympics. Health campaigners have attacked the London
games for its links with the fast-food restaurant and brands such as Coca-Cola
that they say contribute to obesity.

Voter ID – The Obama administration
is reluctantly abiding by a federal court ruling to allow Florida access to
data to purge their voting rosters of illegal voters.

Obama Campaign - the Nevada Journal reports that several local
governments are having trouble getting the campaign to pick up the tab for
campaign stops-in 2008. Taxpayers have been on the hook for thousands of
dollars in campaign expenses. Obama’s “Wedding Fundraiser” is also a flop – the
campaign was trying to get people to donate to the campaign in lieu of a gift.

ObamaCare – The Federal Trade Commission says there have been
numerous scams and fraud regarding ObamaCare implementation since the Supreme Court
ruled in favor of legislation.

Egypt - Protesters threw tomatoes and shoes at U.S. Secretary of
State Hillary Clinton's motorcade during her first visit to Egypt since the
election of Islamist President Mohamed Mursi.

Felons – The Obama camp has accused Romney of being a felon.
Meanwhile, the Obama campaign has taken money from felons including Alberto and
Carlos Cardona, Shervin Neman, John Corzine, and Courtney Dupree.

Obamaisms – This past week Obama told small businesses that “they
did not build that, [the government] made it happen”. He also said if he was
running against himself he would attack his economic record. In his campaign
appearances he also made reference to the word “investment” which is code for
more government spending. Obama also claimed on the stump that our health
insurance premiums will go down under ObamaCare (I know mine has gone up – a
bunch).  

Economy – Retail sales unexpectedly fell 0.5% in June. Also, Ben
Bernanke delivered a dismal report on the economy to Congress.

Voter Fraud - The Voter Participation Center (Liberal Group) works
with a vendor that has access to multiple commercial databases that could
include people who subscribe to magazines or junk mail using names of their
pet, said Page Gardner, the group's president. She said the nonprofit tries its
best to target only eligible and unregistered voters but that some other names
inevitably get on the final list.

Tax War - Democrats in the U.S. Congress warned they are prepared to let all Bush-era tax
cuts expire on December 31 if Republicans continue to insist on extending lower
rates for top earners. Ernst
and Young released a study funded by pro-business groups hostile to the
Democrat's agenda. The firm's results showed that Obama's proposed tax hikes on
the wealthy could cost the already sputtering economy more than 700,000 jobs.

Law of the Sea Treaty – Democrats are
moving for the ratification of the 1982 UN resolution. The Law of the
Sea Convention defines the rights and responsibilities of nations in their use
of the world's oceans, establishing guidelines for businesses, the environment,
and the management of marine natural
resources. Fortunately, Republicans are on board to defeat the measure and
defend U.S. sovereignty.

Fast
and Furious – An incident report about the Brian Terry killing indicates the
suspected killers were caught, but released.

Disclosure
Act - Senate
conservatives blocked passage of the DISCLOSE Act, a campaign finance law that
would have imposes onerous new limitations on free speech.

Mexico Border – The White House plans
to close nine border patrol stations.

ObamaCare – Five Democrats joined the
Republican ranks in yet another House vote to repeal the unpopular legislation
this past week (244-189).

Hugo Chavez – In an interview Obama
claims the leftist Venezuelan President poses no threat to American national
security.

NAACP – Romney addressed the NAACP and received a standing ovation at the
end of his remarks and applause throughout, but the majority of people and the
media have chosen to focus on one particular instance during the speech when
Romney received boos for promising to repeal ObamaCare. Meanwhile, Joe Biden address
to the NAACP was to a primarily empty room (Obama did not attend the conference).

DOJ – Reports have surfaced that the
Department of Justice is censoring reporters and what they can write.

Taxes and Debt – Senate Democrats
blocked a vote on Obama’s tax plan to extend the Bush era tax rates on middle
class Americans but to raise taxes on wealthier Americans. Through June, the
federal government accumulated a record 904 billion dollars of debt in 2012.

San Bernardino CA – San Bernardino is
the third California city to file for bankruptcy, expect many more localities
to follow this precedent.  

Pensions - Moody’s anticipates average pension
returns of 5.5 percent rather than the traditional 7 or 8 percent investment
projection. The result of this estimate is a tripling of national pension debt
(unfunded liabilities), from $766 billion to $2.2 trillion.

Obama’s Own Words – In a recent interview Obama had
this to say "When I think about what we've done well and what we
haven't done well," the president said, "the mistake of my first term
- couple of years - was thinking that this job was just about getting the
policy right. And that's important. But the nature of this office is also to
tell a story to the American people that gives them a sense of unity and
purpose and optimism, especially during tough times." Tell a story,
really?

Obama Campaign – Obama is claiming that Romney was still at Bain
Capital past 2001 (and even accused him of being a felon), but they are wrong. USA TODAY IN 2001: “Romney, 54,
announced Monday that he won't return to Bain Capital, the company he
co-founded in 1984. The firm specializes in acquiring struggling companies and
righting them. It manages about $12 billion in assets. Romney, who held 100% of the voting stock, said he transferred it to the
26 managing directors who have run the firm day-to-day since he took over the
then-troubled Salt Lake City Games on Feb. 11, 1999. He will continue to
hold investments in the firm.” (AUGUST 21, 2001)

DNC – The list of attendees for the
Democratic National Convention continues to dwindle as prominent unions such as
the AFL-CIO will not be attending or sending very small congregations.

Welfare – The Obama administration is
unilaterally moving to gut the Welfare program developed under Bill Clinton
that will essentially remove the work requirement for people receiving welfare.

USDA – They are transmitting Spanish
soap operas across radio airwaves to attract Hispanics to sign up for food
stamps.

Syria – The rogue nation is poised
to earn a seat on the U.N. human rights council in 2014.

California - Capping a dramatic showdown over the most expensive project in
state history, California legislators gave final approval to high-speed rail
(69 billion dollars), firing the nation's first bullet train toward the future
after an impassioned debate over whether the project's price tag was too high
in a state whose economy is still hobbling.

ObamaCare - Texas will not expand
Medicaid or establish a health insurance exchange, two major tenets of the
federal health reform that the U.S. Supreme Court upheld last month, Gov. Rick
Perry said last week. In fact, the governors of Texas, Florida,
South Carolina, Wisconsin, Mississippi, and Louisiana have all said their
states will not expand Medicaid programs, nor will they create a health
insurance exchange.

Texas – Inmates are suing the state for the right to have taxpayer
funded air conditioners for their prison cells.  

Ray LaHood - Echoing the laments of pundits like
Thomas Friedman of the New York Times, U.S. Transportation Secretary Ray LaHood
argued that China outpaces the United States in building major transportation
infrastructure like high-speed rail because of its authoritarian system and
because the Chinese don't have the Republican Party holding up progress.

Polls - A new poll from The Hill found 56 percent of likely voters
believe Obama’s first term has transformed the nation in a negative way.

Fast and Furious - After more than 18 months of waiting and a
contempt of Congress charge against Attorney General Eric Holder, the FBI
unsealed an indictment of five illegal Mexican bandits charged with the murder
of Border Patrol Agent Brian Terry in Arizona and offered a $1 million reward
for information leading to the arrest of four of the five men who are still on
the run and suspected to be in Mexico.

Campaign Finance – The final June numbers show Romney with 106
million dollars compared to only 71 million dollars for Obama.

Unemployment – The federal government made 14 billion in
unemployment benefits to those who aren't actively searching for a job, those
who were fired or quit voluntarily, and those who continue to file claims even
though they've returned to work. Any of those circumstances would make a person
ineligible for benefits.

Unions – They have spent 4.4 billion on politics the past 6 years
instead of investing in the people they supposedly advocate.

Voter ID - Attorney General Eric Holder addressed the NAACP Nation
Convention at the George R. Brown Convention Center in Houston, Texas. What did
media need in order to attend? That's right, government issued photo
identification (and a second form of identification too!), something both
Holder and the NAACP stand firmly against when it comes to voting. Holder's DOJ
is currently suing Texas for "discriminatory" voter ID laws.

Spain - Seventeen
European finance ministers agreed to lend Spain €30 billion to help bailout its
distressed banks. The proposal will be submitted to a meeting of all 27 EU
finance ministers.

The below study will show
exactly why government intervention hinders innovation and product development
because it constrains the private sector with rules, regulation, mandates, and
other anti-business legislation.

According to a Patent Board
study (study done by the U.S. Government) from 2003 to 2007, the U.S.
government accounted for 1% of all patents developed internally, and 2% of all
patents developed in cooperation with private industry through federal funding.
The U.S. government is most active in patents owned and shared in fields of Biotechnology
(13%), Defense and Aerospace (8%), and Semiconductors (2%). In these fields,
government developed patents are rarely cited, but sponsored patents with
private industry do have some significant credence because they are widely
cited. The bottom line is that federal government has shown little innovation
with exception of the fields in Biotechnology, Defense, and Semiconductors
where their private sector funding patents have shown some broad success.
However, other than that, the government has shown little overall innovation in
other high tech, healthcare, energy, education, or financial fields.

This past year government
discretionary spending accounted for about 9% of GDP (total federal spending accounted
for about 25% of GDP). Yet, the government only account for 2% of the
innovation (patents). This not only illustrates how abysmal the federal
government is when it comes to innovation and research and development, but
shows the waste in government spending. If this is not bad enough, government
innovation numbers are much worse when we consider local and state government
discretionary spending versus GDP. Locality and state governments offer a very
few patents – about 0.1% of the total. Therefore, total government
discretionary spending (Local, State, and Federal) accounts for better than one
eighth of our national GDP, but only a little more than 2% of the total patents
or innovation. What’s worse, total government spending (Local, State, and
Federal) accounts for over 40% of total GDP in the country. Hence, the private
sector accounts for less than 60% of the GDP, but 98% of the innovation (99%,
if we include the 1% of the innovation that is done jointly between the private
and government sectors). And the private sector accomplishes this despite
government rules, regulations, mandates and other anti-business policies that
work to restrict innovation.

According to the above
analysis, Obama was right when he said NASA generated a lot of innovation (8%
of the patents with even a greater percentage of significant patents that were
widely cited). This is good considering government spending is only 6% of GDP on
Defense and Aerospace related fields. But remember Defense and Aerospace are
the fields that Obama, and progressives alike, want to significantly cut
funding. Obama has already killed our space program. Hence, it makes little
sense he would even point out the innovations made in the aerospace and defense
sector since he is obviously not a proponent for their existence.  

Obama also pointed to the
public educational system as helping many American citizens. Sure, many of us
may point to a teacher that played a prominent role in our success. But the
dropout rate across the country is 25% - so our public schools are failing many
young people. And the unemployment rate of over 70% for recent college grads is
not encouraging news for the public school system either.

To summarize, private
sector's products are all around us -- food, shelter, clothing, automobiles,
home appliances, entertainment, for example. The public sector's products
include defense, the justice system, roads and highways, public schools, income
redistribution (welfare), laws, and regulations.

Many of the government
sector's outputs are more like anti-products than products. Regulations stifle
innovation, decrease productivity, increase costs, and generally drive people
crazy. Rather than wealth creation, regulations result in wealth prevention.

“Government innovation across multiple
Administrations has generally focused on learning from private sector processes
that can apply to support functions like technology, financial management, and
HR.” said one government study on innovation. In other words, the government
follows in the private sector’s footsteps when it comes to innovation.

Rules and Regulations - Tomas Lopez , 21, was fired by his supervisor for
vacating his lifeguarding zone to save a man drowning in an unprotected area of
the beach in Hallandale Beach, Florida. This is
exactly what happens when the government places rules and regulations on
companies and individuals – it eliminates commonsense in the decision making
process. Fortunately, Lopez was reinstated a few days later. 

Texas – Illegal immigration has
gotten so out of hand on the Southern border the Texas Department of Public
Safety has gotten gun boats to patrol the Rio Grande since the federal
government is doing nothing.

Terrorism - According to a report prepared by the
Department of Homeland Security’s Science and Technology’s Human
Factors/Behavioral Sciences division, people with conservative or libertarian
leanings fit the profile of an extreme right-wing domestic terrorist.

UN - Apparently
the obscure UN agency ‘World Intellectual Property Organization,’ is being
investigated by the State Department for shipping “computers and other
sophisticated equipment” to North Korea and Iran - despite the fact that both
the U.S. and U.N. have sanctions against the pariah regimes in an effort
to halt the development of their respective nuclear weapons programs. In other
news, the UN is proposing a tax on all billionaires around the globe to raise
money for poor nations.

Occupy Movement
– Their plan to publish a cookbook was scrapped because the effort was
disorganized and discombobulated.

NOAA - The
National Oceanic and Atmospheric Administration's website, from the Ocean Facts
subheading, revealed your tax dollars, in latest effort by organization, was
spent on verifying mermaids aren't real.

Romney – He set
a GOP campaign fundraising record for June – over 100 million dollars.

Green - The U.S.
Navy has started going green under the direction of Obama’s Secretary of the
Navy Roy Mabus. They started using a special “green fuel” for their “Great
Green Fleet,” which will be tested this month while completing its Rim of the
Pacific exercise. The cost of the green fuel is $26 per gallon, a 622% increase
over the current fuel price. In other news, the administration is outsourcing
green jobs to Africa: The U.S. government is spending $20 million to “help
clean energy projects in Africa get started.” Those projects include wind farms
and solar panels, Secretary of State Hillary Clinton announced at the recent
Rio +20 Conference in Brazil.

ObamaCare - The
health care law "includes the largest set of tax law changes in more than
20 years," according to the Treasury inspector general who oversees the
IRS. The changes will require new regulations, forms and publications, new
computer programs and a big new outreach program to explain it all to taxpayers
and tax professionals.

Below are poll averages (from Real Clear Politics) for Presidential, Gubernatorial, Senate, and contested House seats. A positive poll average favors the Republican candidate whereas a negative poll average favors the Democratic candidate. From the poll averages a ranking and probability are calculated for each race. A probability above 0.5 (50%) favors the Republican candidate whereas a probability under 0.5 favors the Democratic candidate. The higher ranking, the higher the probability the race will go to the Republican candidate. The lower the ranking, the higher the probability the race will go to the Democratic candidate. Since polling in House races are not very accurate, the formula to calculate the probability is more complex taking into account race ratings by the Cook, Election Projection, and Sabato political reports as well as generic congressional polling results and PVI (Partisan Voting Index). A positive PVI means the percentage of registered Republicans in the district outnumbers registered Democrats whereas a negative PVI means the percentage of registered Democrats in the district outnumbers registered Republicans. The overall probability for the President, Senate, Gubernatorial, and House races are computed to project the number of seats (including the presidency) that are going to be won by Republicans and Democrats respectively. Race candidates will be filled in to the below tables once they are determined by state primaries. I will update and post this information regularly. Below is an overall summary of the predicted outcomes based on probability density function models.

Presidential Electoral Vote: Obama 315; Republican 220 (R +48), Obama at 58.6% of winning the election.

Governor Races: Current - Republicans 29; Democrats 19 (2 Independents); Projection - Republicans 33; Democrats 17 (including 2 Independents)

Senate Races: Current - Republicans 47; Democrats 53 (Including 2 Independents); Projection - Republicans 51; Democrats 49 (Including 2 Independents)

House Races: Current - Republicans 242; Democrats 193; Projection: Republicans 231; Democrats 204;

Below is an overall summary of the predicted outcomes based solely on election polls:

Presidential Electoral Vote: Obama 315; Republican 220

Governor Races: Republicans 31; Democrats 17 (2 Independents)

Senate Races: Republicans 50; Democrats 50 (Including 2 Independents)

House Races: Republicans 239; Democrats 196