Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Wednesday, September 21, 2011
Sunday, December 5, 2010
Former OMB Director The Recovery Myth
David Stockman, whose 10 minute appearance on the CNBC's strategy session left the hosts with absolutely nothing to retort. The chart at the bottom shows the truth.
In order to achieve true middle class job growth, Stockman believes the US needs to become more competitive in the global marketplace and regain some of the manufacturing production jobs lost. I doubt the corporate tax rate, amongst the highest in the world is the place to strat. You want manufacturing jobs, fix the tax rate.
In order to achieve true middle class job growth, Stockman believes the US needs to become more competitive in the global marketplace and regain some of the manufacturing production jobs lost. I doubt the corporate tax rate, amongst the highest in the world is the place to strat. You want manufacturing jobs, fix the tax rate.
Friday, August 6, 2010
Monday, January 26, 2009
Obama Stimulus: Good For Government, Bad For Economy
Stimulating government, and Democrat interest groups, not the economy.
Dan Mitchell of the Cato Institute explains why the Obama stimulus is bad for the overall economy.
Here is his first installment on Keynesian economics.
Dan Mitchell of the Cato Institute explains why the Obama stimulus is bad for the overall economy.
Here is his first installment on Keynesian economics.
Friday, August 29, 2008
GDP Grows At 3.3% in Second Quarter
The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home. Signaling there will be no recession, provided we get our act together and begin drilling for oil soon. This putrid nonsense that we can use alternative energy supplies is just utter nonsense -- There is no substitute for oil, probably within 30 years there may be, but not near term.
No oil, no economy, America runs on oil, for energy and countless other needed products. Elect Democrats, and yur freedoms will disappear, fast.
The Commerce Department reported Thursday that gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter. The revised reading was much better than the government’s initial estimate of a 1.9 percent pace and exceeded economists’ expectations for a 2.7 percent growth rate.
The destruction of the Democrats talking points means they now must lie to portray soup line America. There is always going to be some part of the economy that does not perform as well as others. The overheated housing market, with it's government sponsored loans to anyone, no down payment required, is a perfect example. -- Good reason why government should stick to national defense and keep the hell out of the economic side of things. For some delicious reasoning why, look up "ADDI 2003" if you want to see how and who caused the housing market to implode. After you read up, you may ask yourself, why would anyone do that? Because we are the government.
Did you notice, the Democrats last night kept on going, regardless what the actual economic numbers said. It's instructive to watch them just flat out lie in there speeches.
If you were watching the nightly snooze channels last night, you would have noted that according to NewsBusters, the networks featured the new economic numbers for exactly 13 seconds of air time, with two of the three networks, CBS and NBC, not even mentioning the GDP growth. I wonder why that was? You will have to take NewsBusters word for it, I haven't watched any of these nightly news channels since Dan Rather faked the Bush National Guard documents -- Then it was just too funny to watch Dan and the CBS boys and girls implode.
No oil, no economy, America runs on oil, for energy and countless other needed products. Elect Democrats, and yur freedoms will disappear, fast.
The Commerce Department reported Thursday that gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter. The revised reading was much better than the government’s initial estimate of a 1.9 percent pace and exceeded economists’ expectations for a 2.7 percent growth rate.
The destruction of the Democrats talking points means they now must lie to portray soup line America. There is always going to be some part of the economy that does not perform as well as others. The overheated housing market, with it's government sponsored loans to anyone, no down payment required, is a perfect example. -- Good reason why government should stick to national defense and keep the hell out of the economic side of things. For some delicious reasoning why, look up "ADDI 2003" if you want to see how and who caused the housing market to implode. After you read up, you may ask yourself, why would anyone do that? Because we are the government.
Did you notice, the Democrats last night kept on going, regardless what the actual economic numbers said. It's instructive to watch them just flat out lie in there speeches.
If you were watching the nightly snooze channels last night, you would have noted that according to NewsBusters, the networks featured the new economic numbers for exactly 13 seconds of air time, with two of the three networks, CBS and NBC, not even mentioning the GDP growth. I wonder why that was? You will have to take NewsBusters word for it, I haven't watched any of these nightly news channels since Dan Rather faked the Bush National Guard documents -- Then it was just too funny to watch Dan and the CBS boys and girls implode.
Monday, August 25, 2008
Green Taxes Kills British Goose
England is backsliding down the economic ladder as green taxes begin to bite. The hoax works, kills the economy every time.
Britain's economic growth shudders to a haltLove those English, economic growth "froze" in the second quarter. That means in english it stopped, now it will drop. Green taxes are driving up the cost of living worldwide -- That's just what the Marxists want.
The data showed the economy shuddered to a halt in the three months to July for the first time in 16 years and immediately led to predictions of significant interest rate cuts to revive the country's economic fortunes.
The slowdown has come as the pressure on families' finances reaches new heights because of the rising cost of living. It means Britain is almost certainly in a recession that will last until at least the end of the year, experts said.
Some analysts predicted that the severity of the slump could force the Bank of England to cut interest rates to 3.5pc or below to prevent the recession from becoming deep and drawn out.
The landmark moment came yesterday when the Office for National Statistics announced that Britain's gross domestic product - the most comprehensive measure of its economic output - froze in the second quarter of the year
Wednesday, August 13, 2008
Oil Use Drops, Dramatically
Where do you think all this reduction in oil use is headed? I you guessed higher taxes, you would be correct.
The Energy Department's analytical staff predicts continued falling oil demand, and for the first time is predicting that U.S. petroleum consumption in 2009 will be lower than 2008, which would be a drop in annual demand for three years in a row.
We now have the effect of high energy prices starting to really bite. Economic activity is falling, demand for energy is falling, the economy is falling. Won't be long before the recession beckons. All avoidable, if we started drilling, but the Democrat Marxists want high energy prices, constricted economy and no growth for America.
Never thought I would see the day when the liberals were out in the sunshine for all to see what they have in store for America. I never have understood why anyone would vote for a Democrat, unless they are not sane -- I'm thinking.
BTW, world demand is also dropping as economies around the world begin to contract. The lesson here, the dollar is rising, as most think America will lead the way out of the looming disaster. Not with Obama in charge.
Demand is down, supply is down, the causality is the U.S. economy. Democrat Marxist's recession ahead.
EIA report is here.
Total U.S. petroleum and other liquids consumption is projected to shrink by almost 500,000 bbl/d in 2008 based on prospects for a weak economy and continuing high crude oil and product prices extending into 2009 (U.S. Petroleum Products Consumption Growth).U.S. oil demand during the first half of 2008 fell by an average 800,000 barrels per day compared with the same period a year ago, the biggest volume decline in 26 years, according to the EIA.
Preliminary June and July 2008 weekly survey data indicate that year-over-year declines in total consumption, which began in August 2007, have narrowed since earlier this year. During the first 5 months of 2008, total petroleum consumption fell by an average of almost 900,000 bbl/d from the same period in 2007. During June and July, the year-over-year declines narrowed to just over 400,000 bbl/d. The year-over-year declines in consumption are not expected to be as large over the forecast period, with 2009 average total consumption about 120,000 bbl/d lower than the 2008 average.
The Energy Department's analytical staff predicts continued falling oil demand, and for the first time is predicting that U.S. petroleum consumption in 2009 will be lower than 2008, which would be a drop in annual demand for three years in a row.
We now have the effect of high energy prices starting to really bite. Economic activity is falling, demand for energy is falling, the economy is falling. Won't be long before the recession beckons. All avoidable, if we started drilling, but the Democrat Marxists want high energy prices, constricted economy and no growth for America.
Never thought I would see the day when the liberals were out in the sunshine for all to see what they have in store for America. I never have understood why anyone would vote for a Democrat, unless they are not sane -- I'm thinking.
BTW, world demand is also dropping as economies around the world begin to contract. The lesson here, the dollar is rising, as most think America will lead the way out of the looming disaster. Not with Obama in charge.
Demand is down, supply is down, the causality is the U.S. economy. Democrat Marxist's recession ahead.
EIA report is here.
Tuesday, May 13, 2008
Seducing The Ignorant
It's not clear whether people are ignorant or just apathetic about the issues swirling in the political arena. I guess it's some of both. They mostly don't have the intellect or the time to search out the truth. Take this one for instance
Sounds good, just leave us alone, the taxes won't be much, right. But it's not good, the taxes are sky high and disruption of the free market economy will be enormous. The command and control Soviet style bureaucratic controlled society that this top down planning entails is breathtaking in scope. Who decides, what do you do with those that don't comply, who monitors compliance ... It is nothing more than a surreptitious take over of America's economy. Control energy, control the means of production, control everything. Free market access to energy is the essence of freedom in America,
CFP has commentary today that discusses the lies told by government. It seems that government now sees no need to be truthful, explain what it is doing, and what the consequences.
Pay more in taxes and the government will pretend to control the weatherThat's the nut in the global warming hoax. You buy it?
Sounds good, just leave us alone, the taxes won't be much, right. But it's not good, the taxes are sky high and disruption of the free market economy will be enormous. The command and control Soviet style bureaucratic controlled society that this top down planning entails is breathtaking in scope. Who decides, what do you do with those that don't comply, who monitors compliance ... It is nothing more than a surreptitious take over of America's economy. Control energy, control the means of production, control everything. Free market access to energy is the essence of freedom in America,
CFP has commentary today that discusses the lies told by government. It seems that government now sees no need to be truthful, explain what it is doing, and what the consequences.
SocialismTaken as a whole, it's the essence of the age old communist pipe dream.
The first false premise is that society is absolutely and unequivocally responsible for establishing and maintaining a safety net for those less fortunate, or so the government tells us after almost 80 years of intense, mind-numbing propaganda and enabling legislation. Now you won’t find one mention of a government duty to provide welfare in our Constitution
Radical Environmentalism
One of the great false premises of all time, that borders and mass hysteria, is the premise that man is “killing” the planet and must therefore be regulated to death and stripped of taxes, property and life style.
One World Order
Finally, we have the propaganda of the one-world-order premise being heaped upon us from all directions. This false premise drives government policy towards open borders, comprehensive immigration reform (amnesty by any other name), a questionable union of the U. S., Canada and Mexico, free trade agreements, radical environmental treaties, international law-making by executive order, and the like, without congressional ratification.
Thursday, April 17, 2008
How Not Grow the Economy
The capital gains tax was under assault last night at the supposed debate. The Democrats haven't a clue when it comes to the economy, how job formation works and how the economy functions. This was perfectly clear with the points about capital gains. Heritage Foundation has a retort to their ignorance.
You can also check in on their 'What Would Reagan Do' and see some of the history of Reagan, how he fixed the huge mess made by Democrat Jimmy Carter I and get a free US Constitution sent to you.
You can also check in on their 'What Would Reagan Do' and see some of the history of Reagan, how he fixed the huge mess made by Democrat Jimmy Carter I and get a free US Constitution sent to you.
Tuesday, April 15, 2008
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