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Keyword: prosperity

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  • Black Christians and the Myth of Prosperity Preaching

    07/20/2014 7:03:47 AM PDT · by SeekAndFind · 34 replies
    American Thinker ^ | 07/20/2014 | Patricia L. Dickson
    With the in-your-face display of greed and arrogance of the so-called pastors on the reality show Preachers of L.A., I began to wonder: when will black Christians wake up and say enough is enough?  Although there are some white pastors of mega-churches who have a net worth of almost triple their congregants as well, I want to focus on the plight of the black saints who sit under the ministry of black pastors (and some white pastors) Sunday after Sunday and continue to live paycheck to paycheck.After some years of attending mega-churches pastored by both black and white men and...
  • Why States Prosper (or Decline): Low taxes, opportunity, and warm weather attract migrants.

    05/10/2014 9:58:03 AM PDT · by SeekAndFind · 8 replies
    National Review ^ | 05/09/2014 | Stephen Moore & Arthur B. Laffer
    Finally, after being headquartered in Torrance, Calif., for half a century, Toyota has had enough of California’s anti-business, anti-growth policies and is packing its bags and moving to Plano, Texas, where the contrast couldn’t be greater. And Toyota is not alone in fleeing California. You can tell a lot about the hot spots in America by tracking where Americans are moving to and where they are running from. Every year, about 3 million Americans move from one state to another; the combined adjusted gross incomes (AGI) of these movers and shakers is over $140 billion. Last week, the IRS...
  • Profit Is Indispensable for Prosperity: Thomas Piketty's Popularity Explains Our Sluggish Economy

    05/08/2014 6:39:31 AM PDT · by SeekAndFind · 2 replies
    Forbes ^ | 05/08/2014 | Steve Forbes
    FRENCH ECONOMIST and darling of the left Thomas Piketty is the latest in an endless array of economists who are clueless regarding profits and what brings about prosperity and a higher standard of living. In his call for ferocious wealth and income taxes on a global scale to combat what he believes is the growing inequality between the rich and everyone else, Piketty has become a media rock star. This merely underscores the fact that pundits and all too many journalists, politicos and economists know less about money and economics than their forebears did 100 years ago. No wonder the...
  • Daniel Patrick Moynihan Predicted the Future of the Black Family...[Bundy Echoed Democrat]

    04/24/2014 9:57:01 AM PDT · by SoFloFreeper · 19 replies
    Beyond Black and White ^ | 1/17/13 | Jamilia Akil
    The Negro Family: The Case for National Action, the 78-page report written by a then 38-year old Daniel Patrick Pat Moynihan, an assistant secretary of labor for policy in the Lyndon B. Johnson administration, was never supposed to see the light of day. The Negro Family, which later came to be widely known simply as The Moynihan Report, did not even originally have Moynihans name on its coverthe document was only meant to be distributed to high-ranking members of the Johnson administration in order to spur discussion regarding what policies could be implemented in order to assist the Negro family...
  • Eager Republicans rush for the grassroots

    04/10/2014 7:54:25 PM PDT · by ObamahatesPACoal · 1 replies
    The Washington Times ^ | Jennifer Harper
    The timing is impeccable: A dozen famed conservatives with liberty, tradition and smaller government on their minds gather a mere 72 hours before Tax Day dawns. That would be the Freedom Summit on Saturday, a daylong showcase organized by Americans for Prosperity and Citizens United, staged in Manchester, the most bustling town in New Hampshire.
  • Americans Learn to Succeed by Learning From Failure

    02/07/2014 5:49:18 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | February 7, 2014 | Michael Barone
    America succeeds because Americans fail and forgive. That's the intriguing message -- or part of it -- of Megan McArdle's new book "The Up Side of Down: Why Failing Well Is the Key to Success." McArdle, a Bloomberg blogger and columnist, stands out among economic writers, and not just because she's the only woman among them who is 6 feet 2 inches. She combines a shrewd knowledge of economics and practical experience with a writing style that every so often segues into comedy monologue. Americans fail a lot, she argues. Most new businesses fail. Most predictions are wrong. As the...
  • See the Americans for Prosperity Ad That Has Democrats Running Scared (Where's Kay Hagan?)

    01/15/2014 2:09:51 PM PST · by Libloather · 14 replies
    Free Beacon ^ | 1/15/14
    **SNIP** In recent weeks Sen. Hagan has attempted to distance herself from President Obama and his administrations failed policies.
  • In Texas, Economic Freedom Produces Innovation and Growth

    01/13/2014 1:42:49 PM PST · by ThethoughtsofGreg · 2 replies
    American Legislator ^ | 1-13-14 | Ben Wilterdink
    The United States is in the midst of an economic paradigm shift as evidenced by the evolution of state-level economies. States that used to be bastions of economic innovation are experiencing decline, while other states pick up the slack and replace them on the cutting edge of industry. In terms of public policy, the key to this shift lies in economic freedom and pro-growth tax and regulatory policies; states are realizing these policies are more likely to grow their economies rather than levying high taxes. Data show states with lower tax burdens vastly outperform their high-tax counterparts in nearly every...
  • Demoncrats: When the light in you is darkness

    10/06/2013 7:08:17 PM PDT · by ReformationFan · 8 replies
    Renew America ^ | 10-6-13 | Dan Popp
    Anyone that's familiar what the bible, anything like that, when Jesus said that you're going straight to hell if you didn't treat the less of his brothers and sisters, and what did he say, he said he was hungry. They give him food stamps. Tax evading Congressman Charlie Rangel The demons are emerging from their pits, folks, and they're slithering toward the TV cameras. Cheatin' Charlie is not "familiar" with "the bible, anything like that." If he were, he would understand that "You Shall Not Steal" and "You Shall Not Covet" are two of the Ten Commandments, and that...
  • Rep. Ellison (Dim): Theres Plenty of Money, Its Just The Government Doesnt Have It

    08/03/2013 9:21:07 AM PDT · by Jim Robinson · 64 replies
    CNSNews ^ | Aug 2, 2013 | By Eric Scheiner
    (CNSNews.com) - Rep. Keith Ellison (D-Minn.) told a gathering of Democrats, The bottom line is were not broke, theres plenty of money, its just the government doesnt have it. Ellison was discussing his Inclusive Prosperity Act measure at the July 25th Progressive Democrats of America roundtable in Washington. People like, George Soros, Bill Gates, Warren Buffett, Paul Krugman, Joe Stiglitz, Jeffrey Sax, Dean Baker, Robert Poland, Larry Summers have said they all support a transaction tax, Ellison said. The bottom line is were not broke, theres plenty of money, its just the government doesnt have it, Ellison continued, The government...
  • Americans Are Defining Prosperity Down

    07/22/2013 7:31:30 AM PDT · by SeekAndFind · 12 replies
    RCM ^ | 07/22/2013 | Robert Sameulson
    If proverbial Martians descended on Earth and toured America's crowded shopping malls, traveled its congested highways and sampled its technological marvels - from the many cable channels to ubiquitous smartphones - these visitors would be hard-pressed to describe the United States as poor or its economy as failing. The truth is that, even in its current unsatisfactory condition, America is an immensely wealthy society. It produces $16 trillion in annual goods and services, provides 136 million jobs and supports a median household income of $50,000. I do not cite these facts to excuse our economic faults. But it's important to keep...
  • Kerry: Israeli 'prosperity' prevents sense of urgency about peace

    05/24/2013 8:40:17 AM PDT · by Nachum · 19 replies
    Times of Israel ^ | 5/23/13 | Aaron Kalman
    Israelis sense of security prevents them from feeling sufficient urgency to resume peace talks with the Palestinians, US Secretary of State John Kerry said in Jerusalem Thursday, warning of fast-approaching challenges that required a change of approach for the Jewish State. I think there is an opportunity [for peace], but for many reasons its not on the tips of everyones tongue, Kerry told reporters before entering a meeting with President Shimon Peres. People in Israel arent waking up every day and wondering if tomorrow there will be peace because there is a sense of security and a sense of accomplishment...
  • Laffer and Moore: The Red-State Path to Prosperity

    03/28/2013 5:09:23 AM PDT · by SeekAndFind · 8 replies
    Wall Street Journal ^ | 03/28/2013 | Art Laffer and Stephen Moore
    You can tell a lot about prosperity in America by observing the places people are moving to and where they are packing up and moving from. New Census Bureau data on metropolitan areas indicate that the South and the Sunbelt regions continue to grow, while the Northeast and Midwest continue to shrink. Among the 10 fastest-growing metro areas last year were Raleigh, Austin, Las Vegas, Orlando, Charlotte, Phoenix, Houston, San Antonio and Dallas. All of these are in low-tax, business-friendly red states. Blue-state areas such as Cleveland, Detroit, Buffalo, Providence and Rochester were among the biggest population losers. This migration...
  • Focus on Freedom and Prosperity Is Key

    03/07/2013 4:29:09 AM PST · by Kaslin
    March 7, 2013 | Jackie Gingrich Cushman
    The recent political entanglements over the budget have focused more on political maneuverings and who is right about what statement, rather than what the policies mean to average, everyday Americans. It might be standard politics, but it does not create the right framework. The right framework includes thinking about the impact to everyday Americans and to future generations of Americans. When our founders fought for freedom, they did so for future Americans as well as themselves. Our nation has long led the world's fights for freedoms -- freedom of religion, freedom of speech, freedom to bear arms. Our founding document,...
  • The Texas Growth Machine: The data show that the Lone Star States prosperity is no mirage.

    02/11/2013 7:24:58 AM PST · by SeekAndFind · 13 replies
    City Journal ^ | 02/11/2013 | 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 alsopace critics like the New York Timess Paul Krugmancreated lots of good jobs. Indeed, the rest of the nation could turn to the Lone Star State as a model for dynamic growth, as a close look at employment data shows. The first thing to...
  • Reagans Four Principles and Texas Prosperity (Happy Birthday today, to a Great President)

    02/06/2013 8:47:34 AM PST · by SeekAndFind · 10 replies
    Townhall ^ | 02/06/2013 | Peggy Venable
    Ronald Reagan was born Feb 6, 1911. This week marks the 102nd anniversary of Ronald Reagans birthday. It provides a time to reflect on the leader and on his vision for America. A former Democrat turned Republican, he had led a labor union and as an actor was an unlikely Presidential candidate when he first ran for President in 1976 against then-President Ford. He was not the typical Republican and frankly rocked the Republican establishment. But he eloquently articulated optimism for our country and a vision which garnered the support of voters from both parties as well as citizens who...
  • The Hopes and Fears of All the Years [The Importance of Children]

    12/31/2012 6:16:21 AM PST · by SoFloFreeper · 7 replies
    Acton Institute ^ | 12/26/12 | Jordan Ballor
    At some point, sooner or later, all new parents experience that moment when they realize that this new little life is their unique responsibility. It can be a bit surreal. Holding your little one, it strikes you that a tremendous gift has been given to you, a gift that brings with it significant and life-altering responsibilities. I, who am a bit slow on the uptake, took some weeks to realize that I was not only able but also allowed to bundle up my tiny son in his car seat and take him out of the house to run errands....
  • Congrats, Barry. US falls out of top 10 most prosperous nations

    12/17/2012 1:59:59 PM PST · by SeekAndFind · 34 replies
    American Thinker ^ | 12/17/2012 | Rick Moran
    You know that period between sleep and wakefulness where you're not quite sure you're still dreaming? I read this blog item at Powerline and had the exact same reaction: Via InstaPundit, we learn that for the first time, the United States does not rank as one of the world's ten most prosperous nations, as rated by London's Legatum Institute. The authors of the report found that the U.S.'s slippage is being driven by "a decline in the number of US citizens who believe that hard work will get them ahead." Well, they're right: in Barack Obama's America, hard work...
  • US Crashes Out Of The Top 10 In World Prosperity Index

    11/05/2012 1:48:34 PM PST · by SeekAndFind · 25 replies
    Business Insider ^ | 11/05/2012 | Joshua Berlinger
    The United States is no longer one of the world's ten most "prosperous" countries for the first time according to the Legatum Institute.The Legatum Prosperity Index assessed and ranked the prosperity of 142 countries based on eight sub-categories: economy, entrepreneurship and opportunity, health, governance, education, safety and security, personal freedom, and social capital.America experienced an "unprecedented" fall to twelfth in the rankings, as it experienced "weakening performance across five of the Index’s eight sub-categories."When referring to the U.S., the language of the report had a somewhat dire tone. It claims that "the American Dream is in jeopardy," and "the national ethos of the...
  • Will Texas Squander Its Prosperity?

    09/26/2012 5:42:59 AM PDT · by SeekAndFind · 26 replies
    RCM ^ | 09/25/2012 | Steve Malanga
    Texas has been on a roll recently. Fueled by a booming energy sector, the state has easily outpaced others in job growth. Business executives consistently rate it among the most desirable places to invest in, and Texas has made a habit recently of poaching jobs from places like California. Although Texas legislators did confront a budget squeeze a few years ago, the booming economy has provided Austin with plenty of fiscal room to maneuver, even as other states confront perhaps another decade of fiscal adjustments. Now Texas faces the challenge of managing its success over the long term. Although Texas...
  • China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

    09/12/2012 9:19:48 PM PDT · by Tolerance Sucks Rocks · 33 replies
    The Economic Collapse ^ | September 11, 2012 | The Economic Collapse
    The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics. This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up. Right now, the U.S. dollar is the primary reserve currency of the world. Even though that status has been chipped away at in recent years, U.S. dollars still make up more than 60 percent of all foreign currency reserves in the world. Most international trade (including the...
  • Romney says America deserves prosperity

    09/02/2012 3:49:21 PM PDT · by 2ndDivisionVet · 17 replies
    United Press International ^ | September 1, 2012
    CINCINNATI, Sept. 1 (UPI) -- U.S. Republican presidential nominee Mitt Romney, campaigning in Florida Saturday after a stop in Ohio, said America deserves "a brighter, prosperous future." "We're going to encourage individuals to know that they can build it here in America, that there's a brighter, prosperous future here," Romney told his supporters in Jacksonville, Fla. "You deserve that. You deserve that after these four years of trouble that you've had." GOP vice presidential candidate Paul Ryan joined Romney in Jacksonville and urged Floridians to back Romney at the polls, Politico reported. "Florida's going to elect Mitt Romney for the...
  • Are Emails From Americans For Prosperity Junk?

    08/29/2012 10:44:06 PM PDT · by ExxonPatrolUs · 4 replies
    Microsoft Junk Email Filter | Now | Me
    My Outlook junk-email option is set to low (filter only the most obvious junk e-mail). Why are Americans For Prosperity emails (I subscribed to) being sent to my junk folder? Anyone else experiencing this? Emails are coming from the domain afphq.org which is not specifically blocked in my junk email settings.
  • Obama's Shared Prosperity: A Euphemism Wrapped in a Lie

    08/16/2012 12:31:44 AM PDT · by Cincinatus' Wife · 16 replies
    The American Thinker ^ | August 16, 2012 | Daren Jonescu
    .....Forced "sharing" is coercion plain and simple. Government-enforced "sharing" is coercion at the point of a gun: "your prosperity or your life." Go back over the list of implications of "shared prosperity" that I offered a few paragraphs back. This time, each time you see the word "sharing," try substituting "relinquishing at the point of a gun." Now you can see exactly what Obama's "new vision" for America really means. It means that you will no longer own yourself. You will no longer have first claim -- or any meaningful claim, for that matter -- on your goods, your time,...
  • The Myth of Wartime Prosperity

    07/28/2012 11:02:35 AM PDT · by arthurus · 22 replies
    The American Connservative ^ | July 10, 2012 | Robert P. Murphy
    When pressed for a success story of their policies, Keynesians point with pride to World War II. They claim that it is the perfect illustration of the ability of massive government spending to lift an economy out of the doldrums. In the effort to battle this myth, Steve Horwitz and Michael J. McPhillips offer an interesting new article that analyzes diaries, newspapers, and other primary source documents from the wartime era. They show that average Americans on the home front certainly did not think they were living amidst a great economic recovery. Yet as Ill show in this articlerelying on...
  • Other voices: Supply and demand in the Oil Patch

    07/11/2012 1:59:20 PM PDT · by TurboZamboni · 23 replies
    Pioneer Press ^ | 7-10-12 | editors-Grand Forks Herald
    The guy has zero college and walks out of high school and is making 90-grand," said a Williston, N.D., teacher with a master's degree, speaking to The Associated Press about a former student who's working in the Oil Patch. "To me, that seems to be an injustice." Say what? Neither justice nor a degree entitles a person to a higher income. That's one of the fundamental truths of the labor market, and people in Williston and elsewhere should understand why.
  • Mitt Romney Wants a False Prosperity Using His Dad's Failed Policy

    06/03/2012 5:22:39 AM PDT · by Yashcheritsiy · 29 replies
    Business Insider ^ | 2 June 2012 | Gary Anderson
    It was determined a long time ago, that hot money from all over the world would fund big business and mortgages. Forget small business, that had to continue to rely on bank deposits. Mortgages and Big Business are funded by hot money. Hence, housing bubbles and momentum trading on Wall Street. The average investor has no clue that all this is going one. One of the pioneers of this strategy was George Romney, Mitt's dad. This funding through the securitization of mortgages resulted in the first subprime lending machine. Mitt Romney believes in this, even though small business is the...
  • Ann Romney Asks the Right Question

    06/01/2012 11:03:55 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | June 1, 2012 | Pat Buchanan
    When Hillary Rosen said that Ann Romney had "never worked a day in her life," it was among the better days of the Romney campaign. For Rosen -- present whereabouts unknown -- both revealed the feminist mindset about women who choose to become wives and mothers and brought Ann Romney center stage. Before a Connecticut audience recently, Mrs. Romney spoke of her reluctance to see her husband pursue the presidency a second time and said she resisted, until she got an answer to one critical question. "Can you fix it?" she asked Mitt. "I need to know. Is it too...
  • New England's lack of violence reaps economic benefits

    04/24/2012 7:33:53 PM PDT · by qaz123 · 24 replies
    Reuters ^ | 24April2012 | Scott Malone
    BOSTON (Reuters) - The rural New England states of Maine, Vermont and New Hampshire are the most peaceful U.S. states, a distinction that gives them an economic advantage over the most violent, including Louisiana, Tennessee and Nevada. Violence and its aftermath cost the entire U.S. economy some $460 billion last year, according to the Institute for Economics and Peace's second annual United States Peace Index, which was released on Tuesday.
  • 50-year-old CARTOON TRIED TO WARN US

    02/05/2012 10:10:00 AM PST · by Sprite518 · 30 replies
    Youtube ^ | 3/15/2010
    I thought it was worth spreading around.
  • "Free-enterprise Critics are Intellectually Bankrupt"

    01/19/2012 1:12:34 PM PST · by Aspenhuskerette · 9 replies
    The Aspen Times ^ | January 19,2012 | Melanie Sturm
    When Paul Simon sang Mama don't take my Kodachrome in 1973, he claimed he'd read the writing on the wall, but he couldn't have foreseen how a transformative technology making photos from digits would render obsolete his precious color film. The global brand icon that revolutionized photography, making it affordable and convenient for ordinary people, now teeters on the brink of bankruptcy. Unfortunately for Kodak workers and the residents of Rochester, N.Y., consumer choice not Mama vaporized Kodachrome. Because election season coincides with economic stagnation, lost jobs and defunct companies are political hot potatoes, putting capitalism...
  • Who you calling lazy?

    11/17/2011 3:50:13 AM PST · by afraidfortherepublic · 30 replies
    New York Daily News ^ | 11-17-11 | Andrea Tanteros
    It is arguably the job of any U.S. President to be our cheerleader-in-chief. Thats why President Obamas recent comments blasting the business community for being asleep at the switch have the rest of the country reeling. Weve been a little bit lazy over the last couple of decades. Weve kind of taken for granted Well, people would want to come here and we arent out there hungry, selling America and trying to attract new businesses into America, he told the corporate chiefs who gathered at the annual Asia-Pacific Economic Cooperation summit. But with millions of Americans out of...
  • McCotter Trailblazes Social Security Prosperity

    10/13/2011 11:38:47 AM PDT · by Kaslin · 6 replies · 1+ views
    Townhall.com ^ | October 13, 2011 | Peter Ferrara
    On September 12, the pioneering Rep. Thaddeus McCotter introduced trailblazing legislation providing workers the freedom to choose personal savings and investment accounts to finance half of their future Social Security benefits. This legislation would completely solve the future Social Security financing problem, without cutting benefits or raising taxes, as officially scored by the Chief Actuary of Social Security. Indeed, because standard, long-term market investment returns are so much higher than what Social Security even promises, workers with personal accounts will enjoy higher rather than lower benefits. Moreover, the legislation would result in the greatest reduction in government spending in world...
  • Double your salary in the middle of nowhere, North Dakota (oil boom)

    10/06/2011 4:23:37 AM PDT · by EBH · 44 replies
    CNN ^ | 9/28/11 | Blake Ellis
    Believe it or not, a place exists where companies are hiring like crazy, and you can make $15 an hour serving tacos, $25 an hour waiting tables and $80,000 a year driving trucks. You just have to move to North Dakota. Specifically, to one of the tiny towns surrounding the oil-rich Bakken formation, estimated to hold anywhere between 4 billion and 24 billion barrels of oil. Oil companies have only recently discovered ways to tap this reserve. And along with the manpower needed to extract the oil, the town is now scrambling to find workers to support the new rush...
  • Evangelicals and the Prosperity Gospel

    09/20/2011 12:42:33 PM PDT · by SeekAndFind · 14 replies
    Get Religion ^ | 09/19/2011
    Andrew Sullivan is right.I thought my hand would wither when I wrote this, but I must confess he is right.There has been a spate of interesting stories in the last week about the prosperity gospel. The Guardian has a nice piece on the indictment on fraud charges by Brazilian prosecutors of the king of the prosperity gospel preachers, Bishop Edir Macedor. And writing in The Daily Beast, Andrew Sullivan’s Dish column discusses the existential mindset of the Republican Party. He offers his readers the ‘prosperity gospel’ as one explanation for its militant mood.But let us first define our terms. What...
  • Putting the Jobs Cart Before the Growth Horse (growth and prosperity create jobs, not vice versa)

    09/19/2011 9:03:18 AM PDT · by SeekAndFind · 6 replies
    Real Clear Markets ^ | 09/18/2011 | Bill Frezza
    Among the colossal fallacies that keep our economy mired in unemployment, few loom as large as the notion that "creating" jobs leads to growth and prosperity, rather than the other way around. In fact, when jobs are treated as ends rather than means, the perverse effect of pursuing policies designed to artificially inflate employment figures only serves to make things worse. This conflation of cause and effect lies at the heart of entire schools of economics - a science made more dismal by the fact that whenever policy prescriptions fail to deliver their promised benefits, the proposed remedy is to...
  • Patent Reform Act Threatens Engine of Prosperity (China Wins)

    08/31/2011 7:58:52 AM PDT · by Halfmanhalfamazing · 4 replies
    Big Government ^ | August 30th | Bob McCarty
    On the day we arrived in Washington, April 12, 1997, we tuned in to C-Span just in time to see the House of Representatives pass H.400 on a voice vote. Not one member of the House of Representatives demanded a roll call vote on a bill that would severely emasculate a core function of the federal government. When we were finally able to obtain a copy of S.507, we read it very carefully and we were horrified. Never in all of our years as lobbyists had we ever read a worse piece of legislation. If we had ever wondered what...
  • Eight Hundred Days Without A Budget-A new milestone in Democrat Party governance is reached.

    07/25/2011 7:42:25 AM PDT · by WOBBLY BOB · 14 replies
    human events ^ | 7-8-11 | John Hayward
    Democrats have controlled the Senate and the White House since the election of 2008, and the House of Representatives up until this year. Certainly they could have passed any budget they desired, including one with tax increases and spending increases. But they chose to ignore the 800-day gorilla in the room because they don't want to be on record supporting a budget that actually does what they want. Then the public could hold them accountable for their cowardly and irresponsible behavior in the face of national fiscal calamity.
  • The Gold Standard, Printing Money and the Federal Reserve

    07/24/2011 12:40:22 PM PDT · by Tolerance Sucks Rocks · 32 replies
    Nolan Chart ^ | July 23, 2011 | James Luko (centrist)
    The media is hyping and harping on the issue that the Federal Reserve will resort to PRINTING more money to feed another round of quantitative easing. This is a wholly incorrect fact. The Department of Treasury prints our "paper currency NOT the Federal Reserve. Quantitative easing is the Federal Reserve increasing bank reserves- thereby creating new money electronically- but, for a stated purpose of stimulating the economy and NOT for paying government debt. This is a salient point that the media mixes up, assuming and misinforming the public that QE is paying for increased government debts. QE serves a fundamental...
  • Economy Is Better than Everyone Thinks

    07/23/2011 4:36:11 PM PDT · by John Semmens · 23 replies
    A Semi-News/Semi-Satire from AzConservative ^ | 22 July 2011 | John Semmens
    Presidential Press Secretary Jay Carney boasted to a skeptical media that the economy is a lot better than everyone thinks it is. The focus on high unemployment, bankruptcies, and foreclosures misses the big picture. Carney declined to get down to specifics on what the so-called big picture entails. It all boils down to the simple question Reagan posed in the 1980 election, Carney contended. All the American people need do is ask themselves whether they are better off now than they were before President Obama took office. Once they recall the hopelessness that prevailed under Bush and the Republicans the...
  • Yes, You Really CAN Cut Your Way to Prosperity

    07/15/2011 7:07:32 AM PDT · by SeekAndFind · 4 replies
    The American ^ | 07/15/2011 | Andrew Biggs and Matthew Jensen
    In December 2010, we released a working paper on fiscal consolidations accompanied by a Wall Street Journal op-ed, both co-authored with our AEI colleague Kevin Hassett. The goal was to analyze what workedand what didn'tin balancing national budgets. The papers findings have generated some interest, including being cited approvingly by congressional Republicans and critiqued by one of the Economist magazines Free Exchange bloggers. Our methodology was straightforward. We studied over 20 Organization for Economic Cooperation and Development countries for a period spanning nearly four decades. We first isolated instances in which countries took steps to address their budget gaps. These...
  • New (Veterans) Park in Fayetteville has words in Constitution wrong ("prosperity")

    07/10/2011 11:02:39 AM PDT · by Libloather · 11 replies
    NBC17 ^ | 7/07/11
    New park in Fayetteville has words in Constitution wrongBy NBC17 Staff Associated Press Published: July 07, 2011 FAYETTEVILLE, N.C. - This one truth is self-evident: the preamble to the Constitution etched on glass panels at a Fayetteville park contains a significant error. The Fayetteville Observer reports that etched into a set of dark glass panels at North Carolina Veterans Park are the 52 words to the preamble to the U.S. Constitution. However, the word "prosperity" appears in place of the correct word, "posterity." City officials said they discovered the mistake Wednesday after someone called them and wrote about it on...
  • Citi On Why This Is A Great Opportunity To Buy Into "The Grind Higher"

    06/30/2011 6:01:46 AM PDT · by blam · 1 replies
    TBI ^ | 6-30-2011 | Gregory White
    Citi On Why This Is A Great Opportunity To Buy Into "The Grind Higher" Gregory White Jun. 30, 2011, 8:12 AM If you think we're beginning to see the light at the end of this recent equity downturn, you're not alone. Citi analysts write that while a slowdown in leading indicators and the crisis in Europe are currently frightening investors, this sort of slowdown in the middle of an economic cycle is normal, and we should come out of it. Further, EPS growth is going to continue, and that's good news for stocks. Investors may be underestimating two factors that...
  • Saving Our Way to Prosperity

    06/29/2011 7:33:14 PM PDT · by NaturalBornConservative · 3 replies
    Natural Born Conservative ^ | June 29, 2011 | Larry Walker, Jr.
    Yes. You Can.- By: Larry Walker, Jr. -According to Barack Obama, "We cant simply cut our way to prosperity." Prior historical references: Unknown. Upon hearing such an absurd statement, and being of the homo economicus persuasion, my first instinct is to define what it means to me, and then to determine whether it has any relevance in my life. If we are honest, we must each define what the word prosperity, or rich, means to us. Only after we have defined its meaning are we able to chart a course.In the WikiHow.com article, How to get rich, there are seven...
  • Thoughts On What Was (and may be again.)

    06/08/2011 5:50:52 AM PDT · by shibumi · 29 replies
    shibumi's brain | 6/8/2011 | shibumi
    When Ronald Reagan was elected President of the United States in 1980, I was 32 years old. I was frustrated with my initial experiences in the world of business, not in small measure because of the previous four years of The Carter Malaise and the sense that my first hand experience of the political perfidy that pervaded the end of The VietNam War had somehow become part and parcel of American foreign policy and military strategy. To be a cog in the machine of the late 70s economy was to be constantly in motion, always under pressure and sorely lacking...
  • Pushing for a Return to the Gold Standard

    06/05/2011 9:20:08 PM PDT · by lbryce · 24 replies
    LA Times ^ | June 3, 2011 | Nathaniel Popper
    The idea to make the precious metal legal tender has gained currency in more than a dozen state capitals, aided by Tea Party support and other efforts to rein in federal power. Economists say the plan would be disastrous. Mike Pitts is no economist, but that hasn't kept the retired small-town cop from taking a prominent role in a quixotic campaign to push the U.S. monetary system back to another century. Pitts, a South Carolina statehouse representative, introduced a bill in April that would make gold and silver coins legal tender in the state. Similar efforts are underway in more...
  • Why the Tea Party is Essential: Liberty, Prosperity and Justice

    06/03/2011 6:29:08 PM PDT · by billflax · 8 replies
    Forbes ^ | 04/06/11 | Bill Flax
    America has forgotten her roots and the limited government which produced the greatest mixture of freedom and prosperity in history. Like their modern counterparts, the first tea partiers sensed this. They rejected a government that betrayed its ideals. Todays Tea Party primarily focuses on the economic aspects of government expansion, but even as prosperity is a profound blessing, it is freedom we must defend. When King George demanded we buy his tea, colonists objected. Astonished at their outrage, Parliament authored tax subsidies to contrive consent. It became a test of wills over sovereignty. Was the king supreme or did justice...
  • Free Trade Gives The Economy A Big Lift

    05/25/2011 6:36:41 PM PDT · by Kaslin · 10 replies · 1+ views
    IBD Editorials ^ | May 25, 2011 | Staff
    Trade: A big order for Made-In-America aircraft briefly lifted stocks last week and, better yet, will create jobs. One source? Tiny Chile, a nation with a free trade treaty. What's that again about such pacts exporting U.S. jobs? Thursday, 10 orders for Boeing's most advanced aircraft were added to the U.S. aircraft maker's order book. Half of the 10 came from Germany's big Lufthansa airline, and the rest came from LAN, a relatively new airline based in small, faraway Chile. Besides the attention-getting rise in stocks, thousands of Americans will get jobs, not just at Boeing, but at its suppliers,...
  • Scholar: China Notices Link Between Christianity, U.S. Economic Success

    05/18/2011 12:07:05 PM PDT · by SeekAndFind · 19 replies
    Christian Post ^ | 05/18/2011 | Michelle A. Vu
    WASHINGTON The officially atheist Chinese government is surprisingly open to Christianity, at least partially, because it sees a link between the faith and economic success, said a sought after scholar who has relations with governments in Asia. China believes that Christianity is responsible for much of the historic success of Western Europe and the United States, said Dr. William Jeynes, senior fellow of The Witherspoon Institute in Princeton, N.J., during a presentation at the Family Research Council on Tuesday. But while the Chinese government is open to Christianity, it also wants to control Christianity. Those in authority are very...
  • Lessons From The Land Of 15% Growth

    05/05/2011 7:37:32 PM PDT · by Kaslin · 10 replies
    IBD Editorials ^ | May 5, 2011 | Staff
    Economics: As the U.S. languishes, Chile posted a head-turning 15.2% yearly gain in GDP in March, and forecasts for the year are rising. Why can't we do that here? A year ago, Chile lay in rubble, victim of the world's fifth most powerful earthquake. So Chile's 15.2% growth is a big bounce from a bad setback. But it shouldn't be dismissed as an anomaly. It's a showy number, but not the only one. The same day Chile released its data, Goldman Sachs raised its 2011 growth forecast for the country to 6.4% from 6%. In its annual regional business index,...