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Keyword: growth

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  • U.S. GDP Grew 4.2% In The Second Quarter 2014, Up From Prior Estimate

    08/28/2014 8:30:21 AM PDT · by SeekAndFind · 31 replies
    Forbes ^ | 08/28/2014
    On Thursday, the Bureau of Economic Analysis released its second estimate of real gross domestic product for the second quarter of 2014 — covering April, May and June of this year. The release showed output in the U.S. increasing at an annual rate of 4.2%. This is relative to the first quarter when real GDP declined a sharp 2.1%. The revision is up marginally from BEA’s 4% advance estimate released last month. The revision, BEA said in a release, was largely due to a larger than previously estimated increase in nonresidential fixed investment. However, the increase in private inventory investment...
  • Death by Delay [The old Reds have become the new Greens]

    07/02/2014 1:11:28 AM PDT · by Cincinatus' Wife · 5 replies
    The American Spectator ^ | July 2, 2014 | Viv Forbes
    There was a time, before the baby-boom generation took over, when we took pride in the achievements of our builders, producers, and innovators. There was always great celebration when settler families got a phone, a tractor, a bitumen road, or electric power. An oil strike or a gold discovery made headlines, and people welcomed new businesses, new railways, and new inventions. Science and engineering were revered, and the wealth delivered by these human achievements enabled the builders and their children to live more rewarding lives, with more leisure, more time for culture and crusades, and greater interest in taking better...
  • Club for Growth Backs New Hampshire House Candidate

    06/29/2014 6:31:52 PM PDT · by ObamahatesPACoal · 50 replies
    Roll Call ^ | Abby Livingston
    The Club for Growth PAC has endorsed state Rep. Marilinda Garcia in the GOP primary in New Hampshire’s 2nd District. Garcia faces former state Sen. Gary Lambert on Sept. 9, and the winner will challenge Democratic Rep. Ann McLane Kuster in November.
  • Why One Walmart in North Dakota Is Paying $17.40 an Hour [Hint: It ISN'T Obama]

    06/11/2014 6:05:49 AM PDT · by SoFloFreeper · 10 replies
    Daily Signal ^ | 6/11/14
    A Walmart store in Williston, N.D., is offering to pay entry-level workers as much as $17.40 per hour—nearly 2½ times the federal minimum wage—in an effort to compete in one of America’s most dynamic labor markets.
  • 5th District hopeful Tom Horne challenges Cathy McMorris-Rodgers

    05/23/2014 4:49:14 PM PDT · by ObamahatesPACoal · 6 replies
    A retired engineer and volunteer firefighter who joined the race against Rep. Cathy McMorris Rodgers on Friday said he’s unimpressed with the five-term incumbent and others in House Republican leadership on issues ranging from immigration to health care. Tom Horne, 65, of Nine Mile Falls, said he wants to replace the Affordable Care Act with a better system but questions House Republicans’ multiple votes to repeal it, only to have the bills die in the Senate.
  • And Now, It's The Warm Weather's Fault

    05/10/2014 6:21:27 AM PDT · by SteelToe · 5 replies
    ZeroHedge ^ | May 9th, 2014
    By now everyone knows that a $17 trillion economy has no greater nemesis than snow... in the winter... which in the first quarter of 2014 managed to lob off some $50 billion in growth from the world's largest economy, and instead of allowing the US to expand at its priced to ultraperfection 3.0% rate, resulted in a screeching halt in growth. But did you know that the one thing that the economy of the centrally-planned world can't stand more than cold is... heat. That is what Italians found out today when they read daily publication Ansa which "explained" that March...
  • Q1 GDP Cut To -0.6% At Goldman, -0.8% At JPMorgan

    05/06/2014 4:15:47 PM PDT · by GilGil · 7 replies
    Zerohedge ^ | 05/06/2014 | Tyler Durden
    Also, keep in mind that as we explained before, Q1 GDP was boosted around 1% by the forced spending "benefit" of Obamacare: a GDP contribution that will no longer be there. Which means that either normalized Q1 GDP is approaching -2%, or Q2 GDP is about to be whacked by the same amount. Pick your poison. One thing is certain - anyone hoping that 2014 is the year in which the US economy finally achieved "escape velocity" will have to drink the humiliation under the table as they repeat the mantra of apologists everywhere: "snow.... snow.... snow...."
  • Humans Grew More Than 4 Inches In The Last 100 Years

    05/02/2014 3:41:15 PM PDT · by blam · 68 replies
    BI - The Conversation UK ^ | 5-2-2014 | Tim Hatton, University of Essex, The Conversation
    Humans Grew More Than 4 Inches In The Last 100 Years The Conversation Tim Hatton, University of Essex, The Conversation May 2, 2014, 5:02 PM It is a commonplace for children to be taller than their parents, but four generations ago this wasn’t the case. A recent study of soldiers around the age of 20 who enlisted in the army during World War I revealed an average height of five feet six inches (168cm). Today the average for young men is five feet ten inches (178cm). A gain of four inches seems a lot. But it is not unique to...
  • New Research Indicates Islam Growing Faster Than Christianity

    05/02/2014 5:40:09 AM PDT · by xzins · 32 replies
    Christian Headlines ^ | May 01, 2014 | Carrie Dedrick
    New research claims that the global numbers of Christians has remained stagnant, while Islam has skyrocketed as a worldwide religion reports Christianity Today. Dick Slikker of Christian mission consultancy group Project Care, assembled a report comparing numbers of Christians and Muslims from 1900 to 2010. According to Slikker’s report, Christianity has remained about the same, but Islam has almost doubled in members. The statistics of the report are as follows: •Christians made up 34.5 percent of the world’s population in 1900, but fell to 32.9 percent in 2010. •Muslims made up 12.3 percent of the world’s population in 1900, but...
  • Obama´s Economic Growth Gap Hits $1.5 Trillion

    05/01/2014 6:26:26 AM PDT · by IBD editorial writer · 3 replies
    Investor's Business Daily ^ | 04/30/2014 | IBD Staff
    Slowdown: So much for those forecasts that 2014 would be a solid growth year. The meager 0.1% gain in the first quarter extends President Obama's miserable track record and puts his "recovery" $1.5 trillion below average. You'd think economists would have learned by now to stop making glowing forecasts about Obama's economy. Just months ago, they were "pretty upbeat," claiming "growth was accelerating," the economy was "ready to bust out" and 2014 could well be "the best year for the U.S. economy since the recession." Haven't these economists noticed that the only thing Obama's economic policies have produced with any...
  • Meet the 99.999999 Percent: They’re worried about jobs and growth, not inequality.

    02/10/2014 8:46:06 AM PST · by SeekAndFind · 1 replies
    National Review ^ | 02/10/2014 | James Pethokoukis
    Forget about the 1 percent versus the 99 percent. It’s really more like the 0.000001 percent versus everybody else. A tiny group — mostly comprising the Obama White House, a bunch of Washington Democrats, progressive economists, and the media elite — continues to fixate on income inequality as America’s greatest challenge. Most everybody else, the 99.999999 percent, sees things differently. Surveys continue to show Americans most worried about jobs and economic growth, not the income gap between the top and bottom. It’s a rational view given new employment data from the government. The January jobs report showed only 113,000 net...
  • U.S. Economy Grows 3.2% in 4Q

    01/30/2014 6:02:24 AM PST · by mykroar · 62 replies ^ | 1/30/14 | Reuters
    Robust household spending and rising exports kept the U.S. economy on solid ground in the fourth quarter, but stagnant wages could chip away some of the momentum in early 2014. Gross domestic product grew at a 3.2 percent annual rate, the Commerce Department said on Thursday, in line with expectations. While that was a slowdown from the third-quarter's brisk 4.1 percent pace, it was a far stronger performance than earlier anticipated and was welcome news in light of a 0.3 percentage point drag from October's partial government shutdown and a much smaller contribution to growth from a restocking by businesses....
  • Oklahoma Tax Cuts Back on Track

    01/27/2014 12:59:16 PM PST · by ThethoughtsofGreg · 3 replies
    American Legislator ^ | 1-27-14 | Ben Wilterdink
    Oklahoma is back on track to reduce its personal income tax and make sure it remains economically competitive. Last year, Oklahoma legislators voted to reduce the state’s personal income tax from 5.25 percent to 5 percent starting January 1, 2015. There was also a provision to lower the income tax further to 4.85 percent in 2016 if certain revenue targets are met. Governor Fallin signed the measure into law and Oklahoma became one of eighteen states to cut taxes during the 2013 legislative session. Unfortunately, the tax cut package was ultimately ruled unconstitutional by the Oklahoma Supreme Court. The package...
  • Why Economic Growth Is Exponentially More Important Than Income Inequality

    01/15/2014 9:51:20 AM PST · by SeekAndFind · 9 replies
    Forbes ^ | 01/15/2014 | Peter Ferrara
    In 1900, we had no airplanes, no computers, no cellphones, no internet. We had only rudimentary versions of cars, trucks, telephones, even cameras.But in the last century, 1900 to 2000, as Stephen Moore and Julian L. Simon report in their underappreciated work, It’s Getting Better All the Time: 100 Greatest Trends of the Last 100 Years, real per capita GDP in the U.S. grew by nearly 7 times, meaning the American standard of living grew by that much as well. The authors explain,“It is hard for us to imagine, for example, that in 1900 less than one in five homes...
  • Why Does Economy Grow More Under Democratic Presidents?

    12/03/2013 4:54:49 AM PST · by SeekAndFind · 44 replies
    Wall Street Journal ^ | 12/03/2013 | By DAVID WESSEL
    The U.S. economy has performed better since World War II when the president is a Democrat rather than a Republican, two prominent Princeton University economists conclude. The reasons, they say, involve more luck than successful policies. Over the past 64 years and 16 presidential terms, the U.S. grew at an average rate of 4.35% when a Democrat was in the White House and at a 2.54% when a Republican was, a gap the economists call “astoundingly large.” The research was done by Alan Blinder, a macroeconomist who served in the Clinton White House and has advised several Democratic candidates, and...
  • Chicago Fed's Evans: $1.5 Trillion MORE QE By January 2015 (Stalled Economic Growth)

    11/19/2013 7:30:42 PM PST · by whitedog57 · 5 replies
    Confounded Interest ^ | 11/19/2013 | Anthony B. Sanders
    The Chicago Fed’s President Charles Evans sent this Tweet today: #CharlesLEvans our purchases will continue to be open ended. We may need to purchase 1.5 trillion in assets until January 2015. Well, that’s not good. Although he is only one person, this seems to be the mindset of soon-to-be-Fed Chair Janet “Bubbles” Yellen. This is a statement about how markets are addicted to the sugar high of easy money and declining expectations of inflation (at least how the Federal government measures it). In other words, lethargic growth is in our economic future. Here is a chart on nominal GDP growth...
  • Economic Growth Is the Best Way to Help the Poor, not Redistribution by Coerced Income Equality

    11/15/2013 8:01:15 AM PST · by SeekAndFind · 7 replies
    Townhall ^ | 11/15/2013 | Daniel J. Mitchell
    Switzerland’s left-wing party has instigated a referendum for November 24 that asks voters to limit pay ranges so that a company wouldn’t be able to pay top employees more than 12 times what they’re paying their lowest-level employees. I talked with Neil Cavuto about this proposal and made several (hopefully) cogent points. Since Swiss voters already have demonstrated considerable wisdom (rejecting a class-warfare tax proposal in 2010 and imposing a cap on government spending in 2001), I predicted they will reject the plan. And I pointed out that Switzerland’s comparatively successful system is a result of not letting government have...
  • Here's What Obama's Economic Growth Looks Like, in Three Charts

    11/14/2013 8:12:15 AM PST · by pabianice · 5 replies
    Here's What Economic Growth Looks Like, in 3 Charts: There's no doubt that the government shutdown caused unnecessary damage to the economy in October. But there's still a good story to tell: The economy is growing steadily. Here's what that looks like. 7.8 million private sector jobs have been added to the economy in just 44 months (see chart 1)! Real economic growth averaging 2.3%! (see chart 2) The 2013 deficit is just half of what Obama inherited from Bush! (see chart 3)
  • 'Dying' Russia Is On Pace To Record Natural Population Growth in 2013

    11/06/2013 5:47:34 PM PST · by cunning_fish · 9 replies
    Forbes ^ | November 5, 2013 | Mark Adomanis
    Rosstat recently released their latest batch of demographic statistics. Nothing particularly bizarre or unexpected happened, but the data show that births have held steady at their 2012 level while deaths have modestly decreased. This means that, if the trends from the January-September period are maintained for the entirety of 2013, Russia will record natural population growth of roughly 13,000, its first natural population growth since the collapse of the Soviet Union. Now in one sense natural growth of 13,000 out of a total population of 143,000,000 sounds puny and unimpressive. However, as I never tire of reminding people, it wasn’t...
  • Ted Cruz Is Right About Growth, While Ben Stein Is Hopelessly Wrong

    11/06/2013 4:13:06 PM PST · by 2ndDivisionVet · 18 replies
    Forbes ^ | November 6, 2013 | Louis Woodhill
    In his remarks to the Robert L. Bartley Gala Dinner on October 23, Senator Ted Cruz disparaged the notion of a “grand bargain,” which would raise taxes and (supposedly) cut spending. Cruz went on to say: “ “I’m going to tell you my view, which is I think that we ought to be relentlessly, tirelessly, exclusively focused on growth, because every other priority we have depends on growth.”(continued)
  • Fed maintains strong stimulus as U.S. growth stumbles

    10/30/2013 11:37:27 AM PDT · by NormsRevenge · 41 replies
    Yahoo! News ^ | 10/30/13 | Pedro da Costa and Alister Bull - Reuters
    WASHINGTON (Reuters) - The Federal Reserve extended its support for a slowing U.S. economy on Wednesday, sounding a bit less optimistic about growth and saying it will keep buying $85 billion in bonds per month for the time being. In announcing the widely expected decision, Fed officials nodded to weaker economic prospects due in part to a fiscal fight in Washington that shuttered much of the government for 16 days earlier this month. The Fed indicated the recovery in housing had lost some steam, while noting some reversal in a recent spike in borrowing costs. "Available data suggest that household...
  • Pace of Economic Growth Quickens in Wisconsin

    09/13/2013 10:37:49 AM PDT · by afraidfortherepublic · 11 replies
    Lasee Notes ^ | 9-12-13 | Senator Frank Lasee
    Only two other states had better economic growth than Wisconsin in July, according to the Federal Reserve Bank of Philadelphia. Each month the bank takes into account key economic indicators as well as unemployment and the average number of hours worked before making a judgment on economic growth. For the second month in a row, the numbers were so good they were way above the national average. Despite what liberals want you to think, Wisconsin's economy is getting better and the numbers prove it. More people are investing money in their businesses and more Wisconsinites are getting back to work....
  • A Map Of America's Future: Where Growth Will Be Over The Next Decade

    09/04/2013 12:17:45 PM PDT · by SeekAndFind · 9 replies
    Forbes ^ | 09/04/2013 | Joel Kotkin
    The world’s biggest and most dynamic economy derives its strength and resilience from its geographic diversity. Economically, at least, America is not a single country. It is a collection of seven nations and three quasi-independent city-states, each with its own tastes, proclivities, resources and problems. These nations compete with one another–the Great Lakes loses factories to the Southeast, and talent flees the brutal winters and high taxes of the city-state New York for gentler climes–but, more important, they develop synergies, albeit unintentionally. Wealth generated in the humid South or icy northern plains benefits the rest of the country; energy flows...
  • Don't Buy Into The Myth About Universal College Education And Economic Growth

    09/04/2013 4:32:43 AM PDT · by SeekAndFind · 6 replies
    Forbes ^ | 09/03/2013 | Brian Domitrovic
    College began across the country last week. Opportunists associated with the higher-education establishment took the occasion to engage in special pleading. First was the leader of the organization most on the hook for higher ed, the federal government. Last year, the feds dished out $112 billion on student loans, an amount nicely equal to the combined endowments of all eight of the Ivy League universities plus Stanford. Grants to universities for research and other federal higher-ed handouts amounted to another $50 billion. The total is hard to measure, in that all sorts of federal agencies exist to funnel money to...
  • Global Christianity – A Report on the Size and Distribution of the World’s Christian Population

    08/12/2013 1:35:36 PM PDT · by SeekAndFind · 31 replies
    Pew Research ^ | 08/13/2013
    A comprehensive demographic study of more than 200 countries finds that there are 2.18 billion Christians of all ages around the world, representing nearly a third of the estimated 2010 global population of 6.9 billion. Christians are also geographically widespread – so far-flung, in fact, that no single continent or region can indisputably claim to be the center of global Christianity. A century ago, this was not the case. In 1910, about two-thirds of the world’s Christians lived in Europe, where the bulk of Christians had been for a millennium, according to historical estimates by the Center for the Study...
  • The Upside of Trauma

    07/04/2013 8:25:35 PM PDT · by Past Your Eyes · 2 replies
    Pacific Standard ^ | June 27, 2013 | Mark Obbie
    Worries about post-traumatic stress have become a stock part of the media narrative surrounding tragedies like Boston and Newtown. And resilience is supposedly the best we can hope for in the face of adversity. But what if there’s a third option? The story of one mass shooting, and the surprising tug of post-traumatic growth.
  • Let's Talk About Sex: Why More Babies Means More Economic Growth

    06/14/2013 9:19:19 AM PDT · by SeekAndFind · 20 replies
    Townhall ^ | 06/14/2013 | Jerry Boyle
    Maybe the problem is that the topic has something to do with sex. Fertility is always about sex, although sex is not always about fertility. Maybe that’s what makes everyone so tense when demographics is raised as a possible factor in the economic woes of the nation. Or maybe it’s not sex at all: perhaps there’s something else which keeps economists and financial analysts (except for a small number of specialists) from talking about population issues when they look at economic growth and investment risk levels. After all, we don’t seem reticent about sexually-related topics the rest of the...

    05/28/2013 2:46:21 PM PDT · by WayneLusvardi · 8 replies ^ | May 28, 2013 | Wayne Lusvardi
    Californians are fleeing the center of their big cities while suburbs are suffering from slow growth. If it were not for international in-migration, California’s older big cities would be suffering from population decline the same as Detroit. Texas has become the “New California” by figuring out the formula to sustain the population of its older city centers while its suburbs are booming at the same time.
  • MAP: Which EU Economies Are Growing?

    05/17/2013 12:14:26 PM PDT · by SeekAndFind · 6 replies
    Zero Hedge ^ | 05/17/2013 | Tyler Durden
    As Europe ends another week comfortably in the green (near all-time highs) - the short answer - not the region's longest recession in history rolls on...
  • Yes, Obamacare is a roadblock to economic growth

    04/29/2013 11:17:01 AM PDT · by SeekAndFind
    American Thinker ^ | 04/29/2013 | Silvio Canto Jr.
    The US economy and baseball player Josh Hamilton have something in common: they are both in a big slump! The first quarter GDP numbers are in and it is not good: "The bad news is that this recovery is still half the pace of the normal expansion. The Joint Economic Committee reports that if the economy had grown at the typical pace coming out of recession, at this stage GDP would be closer to $17.4 trillion. This $1.4 trillion growth deficit is roughly the size of the combined annual production of Michigan, Ohio and Pennsylvania in 2011." (WSJ) Translation: We...
  • GDP Disappoints (2.5%A Vs 3.0A Expected), Treasury Yields Fall, Debt to GDP = 105%

    04/26/2013 9:33:04 AM PDT · by whitedog57 · 9 replies
    Confounded Interest ^ | 04/26/2013 | Anthony B. Sanders
    Q1 Real GDP was released by the BEA this morning. It was a mixture of disappointment and good news (for retailers). Real GDP grew by 2.5% (annualized), but analysts were expecting 3.0%. So, this was a swing and a miss. According to the BEA, “The acceleration in real GDP in the first quarter primarily reflected an upturn in private inventory investment, an acceleration in PCE, an upturn in exports, and a smaller decrease in federal government spending that were partly offset by an upturn in imports and a deceleration in nonresidential fixed investment.” Personal consumption expenditures rose 3.2% in Q1,...
  • Don't Break Out the Champagne Just Yet (On the latest 2.5% GDP Growth Report)

    04/26/2013 7:34:05 AM PDT · by SeekAndFind · 6 replies
    RCM ^ | 04/26/2013 | By Peter Morici
    The Commerce Department reported GDP grew at a 2.5 percent pace in the first quarter but don't break out the champagne. Several one-time factors contributed to this seemingly robust performance. The economy is already slowing and new crises threaten. Most of first quarter growth likely was concentrated in January and February and the economy slowed, and actually may have contracted, in March. In the fourth quarter, inventory investments and defense purchases were uncharacteristically weak-the former rebounded and the latter declined much less in the New Year. Also, extraordinary year-end corporate bonuses and dividend payments, intended to soften the blow of...
  • U.S. Economy Expands at Weakest Pace Since 2011

    02/28/2013 6:12:55 AM PST · by mykroar · 4 replies ^ | 2/28/2013 | Reuters
    The U.S. economy barely grew in the fourth quarter although a slightly better performance in exports and fewer imports led the government to scratch an earlier estimate that showed an economic contraction. Gross domestic product expanded at a 0.1 percent annual rate, the Commerce Department said on Thursday, missing the 0.5 percent gain forecast by analysts in a Reuters poll. The growth rate was the slowest since the first quarter of 2011 and far from what is needed to fuel a faster drop in the unemployment rate. However, much of the weakness came from a slowdown in inventory accumulation and...
  • When Will Monetary Policy Jump-start Bank Lending and Economic Growth?

    02/15/2013 4:05:33 PM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 02/15/2013 | Anthony B. Sanders
    Like many Americans, I keep wondering when the US economy will received a kick-start and get back on its feet. The Federal Reserve has certainly been quite active since 2008 in attempting to revive the economy, but has it worked? Here is a chart of The Conference Board’s Leading Economic Indicators (blue) and the 10 year Treasury rate (green). While the LEI have been increasing with declines in the 10 year Treasury rate, it is a pale recovery compared with the 2001-2007 (Q3) under President Bush. Part of the problem with the inability to recover as quickly which we did...
  • America’s Creeping New Normalcy: Sluggish growth and high unemployment are now just accepted

    02/05/2013 6:40:39 AM PST · by SeekAndFind · 20 replies
    National Review ^ | 02/04/2013 | James Pethokoukis
    The Japanese have said “Enough.” After a generation of stagnation, they’ve chosen an all-of-the-above policy to boost economic growth. The nation’s new prime minister, Shinzo Abe, is promising a “three arrows” strategy: bold monetary easing, increased public-works spending, and structural changes, such as regulatory reform. He’s throwing the ramen against the shoji and hoping something will stick. Some of those ideas are good ones, some probably aren’t. But it’s clear that Tokyo’s priority is growth, growth, growth. Time to get Nippon moving again. Nations probably never choose decline, at least not consciously. More likely they become victims of a creeping...
  • Obama Warns Republicans That 2013 COULD Be A Year of Solid Economic Growth

    02/02/2013 9:29:12 AM PST · by whitedog57 · 11 replies
    Confounded Interest ^ | 02/02/2013 | Anthony B. Sanders
    President Obama warned today that 2013 “can be a year of solid economic growth” but warned “self-inflicted wounds in Washington” would hurt progress. Translation: Republicans should surrender and allow more government spending, more “stimulus,” more debt, HIGHER taxes, etc. I don’t think that Republicans will fall for this ploy since it hasn't worked so far. Perhaps it would be easier for President Obama to deal with Grumpy Cat.
  • WHAT Growth? Naive Voters Re-Elected Obama While He/the Labor Dept/MSM Hid a Crashing Economy..

    01/30/2013 6:39:43 AM PST · by Reaganite Republican · 42 replies
    Reaganite Republican ^ | 30 January 2013 | Reaganite Republican
    US economy actually SHRUNK in the 4th Quarter... Remember back in the closing weeks of the 2012 campaign... when Jack Welch questioned Labor Dept jobs stats that seemed to be cooked to prop-up Dear Leader on the eve of the election? If you'll recall, he stated (and was pilloried by the Left for it) that 'The economy would have to be growing at a breakneck speed' to make such numbers possible... and just as Welch had suspected- it ain't. But it's even worse than any of us thought: now you know what politicized federal agencies, the MSM, and the Obama campaign...
  • Texas A Model State For Dynamic Job And Economic Growth

    01/17/2013 8:49:46 AM PST · by SeekAndFind · 10 replies
    IBD ^ | 01/17/2013 | WENDELL COX
    The American economy has had little to cheer about since the 2008 financial meltdown and the resulting recession. Recovery has been feeble, and many states continue to struggle. One bright spot in the general gloom, however, is Texas, which began shining long before 2008. Not only has Texas created jobs at a stunning rate; it has also — pace critics such as the New York Times' Paul Krugman — created lots of good jobs. Indeed, the rest of the nation could turn to the Lone Star State as a model for dynamic growth. Texan job creation has far outpaced the...
  • JAMIE DIMON: The Table Is Set For Booming 4% Growth, And 200K New Jobs Per Month

    12/12/2012 6:07:11 AM PST · by blam · 48 replies
    TBI ^ | 12-12-12 | Joe Weisenthal
    JAMIE DIMON: The Table Is Set For Booming 4% Growth, And 200K New Jobs Per Month Joe WeisenthalDecember 12,2012Jamie Dimon is on LIVE at the Dealbook conference talking fiscal cliff, the economy, and public policy. We're taking notes during his Q&A. Anything not in direct quotes. -- Says odds are politicians will do something between December 21 and December 28. -- On the impact of going over the cliff it might not be horrible... but it might be. -- 'We are one decision away from restoring our moral and fiscal authority in the world.... let's just do it."-- With...
  • Booming Economic Growth Can Be Broken Down To Four Easy Words

    12/03/2012 1:54:19 PM PST · by SeekAndFind · 16 replies
    Forbes ^ | 12/03/2012 | Nathan Lewis
    I sometimes refer to the Magic Formula for economic prosperity. Here it is: Low Taxes, Stable Money. It’s only four words. That’s so it is easy to remember. The United States was founded on the principles of the Magic Formula. Until the introduction of the income tax in 1913, taxation was almost nonexistent. The principle of a gold-based currency was defined in the Constitution. The result was magical: the United States was the most successful country of the 19th and 20th centuries. We seem to have forgotten the Magic Formula today. Despite Republicans’ staunch efforts, we are drifting towards “austerity”...
  • China's Economy Will Overtake US In The Next Four Years, Says OECD

    11/09/2012 4:01:29 AM PST · by blam · 28 replies
    TBI = The Guardian ^ | 11-9-2012 | Josephine Moulds
    China's Economy Will Overtake US In The Next Four Years, Says OECD Josephine Moulds, The GuardianNovember 9, 2012 China will overtake the US in the next four years to become the largest economy in the world, says a leading international thinktank. The Paris-based Organisation for Economic Co-operation and Development (OECD) said China's economy will be larger than the combined economies of the eurozone countries by the end of this year, and will overtake the US by the end of 2016. Global GDP will grow by 3% a year over the next 50 years, it says, but there will be large...

    11/05/2012 11:45:54 AM PST · by trappedincanuckistan · 5 replies
    Big Government ^ | November 5, 2012 | Kurt Brand
    The most recent jobs report released by the Bureau of Labor Statistics (BLS) contains some disheartening statistics, reflecting just why Obama’s campaign is so off kilter. As usual, the media have chosen to focus on the two items most familiar to the general public, the monthly jobs number and the unemployment rate.
  • Robert F. Kennedy Jr.: Renewable Energy Is Key to U.S. Growth

    10/23/2012 10:08:32 AM PDT · by NormsRevenge · 25 replies
    Yahoo! Finance ^ | 10/23/12 | Henry Blodget | Daily Ticker
    One of the most important issues in this year's election is energy. Our ongoing addiction to Mideast oil leaves us dependent on countries that are often unstable and hostile. Developing our own domestic energy resources and investing in renewable energy lessens this dependence. It also has the potential to create jobs and improve our trade deficit. The two presidential candidates have laid out energy plans that sound similar: both President Obama and Governor Romney want to continue to develop domestic energy resources, including renewable energy, with the aim of making the U.S. less dependent on foreign oil. But according to...
  • Class Warfare: The Mortal Enemy Of Economic Growth And Jobs

    10/18/2012 6:35:26 AM PDT · by SeekAndFind · 5 replies
    Forbes ^ | 10/18/2012 | Jim Powell
    Our economy is lousy, the labor force participation rate is the lowest in 31 years, we’ve had 43 consecutive months with unemployment over 8 percent, and a record 47 million people are on food stamps, so one might expect President Obama would welcome as much help as he could get. Surely he would want private sector job creators – investors and entrepreneurs – to have the strongest possible incentives for turning around this Obama “recovery” where household incomes are falling faster than they fell in the Bush recession. But Obama’s priority is class warfare. That’s why he relentlessly denounces job...
  • Truth and the Dismal Science (C'mon folks, a 4% GDP Growth is not that hard)

    10/11/2012 6:46:22 AM PDT · by SeekAndFind · 2 replies
    The 4% Project ^ | 10/11/2012 | Carl Schramm
    When Bob Litan and I were discussing the premise of “Better Capitalism,” our sequel to “Good Capitalism/Bad Capitalism,” we thought we might build the book around the idea that entrepreneurs could push the economy to a sustainable 4% annual growth rate. In the depths of the Great Recession of 2008, this idea was decidedly out of sync with prevailing economic thinking. The grandees were declaring that the economy had somehow shifted as tectonic plates do. The new “frictional unemployment” was going to be 8% and not 4%, as in the past. The old average of 3% annual GDP growth was...
  • The Republicans Have Yet To Make Their Case On Taxes

    09/10/2012 11:06:02 PM PDT · by Qbert · 22 replies
    Forbes ^ | 9/10/2012 | Thomas Del Beccaro
    Is Eva Longoria right on tax policy? The very fact that she was given a prime time speaking slot at the DNC on the subject is a failure of Republicans. On that most important issue, tax policy and its effect on the economy and the deficit, Republicans have yet to make the case on what is best. If they don’t make the case between now and Election Day, Republicans may well lose this November. The prosperity issue, “the economy stupid,” is almost always the most important issue of any Presidential race...[Snip] Since 1980, tax policy has been at the center...
  • The Town-Gown Connection (What makes American cities grow?)

    09/09/2012 2:57:41 PM PDT · by 2ndDivisionVet · 5 replies
    What makes cities grow? This question is the subject of countless magazine articles peddling lists of “best cities” and is fodder for consulting firms looking to sell advice. But in reality, the most reliable measure of a city’s future health is whether employment is expanding or contracting. Declining cities are not home to growing businesses that need people. Only true believers in the come-back story would move to Detroit, Cleveland, or Buffalo right now — the three big cities with the highest unemployment rates in the nation. So what features of a city correlate with expanding employment? The index-making experts...
  • Clinton Tax Hikes Slowed Growth

    09/08/2012 7:01:46 AM PDT · by Son House · 18 replies
    Heritage Foundation ^ | September 5, 2012 | Curtis Dubay
    President Obama argues that President Clinton’s economic record is proof that the current economy would grow if Congress passed the tax hikes he has long proposed. The American public should not fall for this misleading argument.The historical record is clear: The economy grew slower than it should have in the years after Clinton’s 1993 tax hike. The strong economic growth that is associated with his presidency occurred only after he agreed with Congress to cut taxes in his second term.President Obama’s cursory and errant analysis of recent history has serious implications for policymaking today. If Congress raises taxes based on...
  • Incoherent Obama and Clinton on Romney and the Economy

    09/03/2012 6:17:26 AM PDT · by Son House · 5 replies
    Rush Limbaugh Show ^ | July 13, 2012 | Rush Limbaugh
    RUSH: Last night on The CBS Evening News, they played a clip from an upcoming interview on CBS, Charlie Rose talking to Obama.  Charlie Rose said, "What do you think the lessons have been that might guarantee success for you in a second --" see, everything is oriented around this guy winning the election.  To hell with what happens to the country.  I guess Charlie Rose doesn't care.  I guess he's doing okay. He can't envision not doing okay.  He can't envision not being whatever he is today, so he doesn't care.  It's all, "what does it mean for Obama?" ...
  • Understanding Obama’s Loot and Plunder Theory

    08/14/2012 10:36:34 PM PDT · by NaturalBornConservative · 1 replies
    Natural Born Conservative ^ | August 15, 2012 | Larry Walker Jr
    A.K.A. Trickle-up, or Trickle-sideways- By: Larry Walker, Jr. -“The ignorance of one voter in a democracy impairs the security of all.” ~ John F. Kennedy -"Trickle-down theory" is a pejorative term in United States politics which refers to the idea that tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer members of society by improving the economy as a whole [1]. In the real world, and called by its proper name, supply-side economics has never failed. In fact, in spite of the ignorance of a few, any improvement in our economy since...