Tag Archive: Growth


Census Bureau: One New Migrant Enters U.S. Every 40 Seconds

 

 

Populous Nations

 

 

 

” The Census Bureau calculates that one person enters the United States legally, on net, every 40 seconds.

  The Census Bureau’s U.S. and World Population Clock lists  “components of population change” on the website: “one birth every 7 seconds;” “one death every 13 seconds;” “one international migrant (net) every 40 seconds;” making for a “net gain of one person every 12 seconds.”

  The Census provides some background on the immigration debate in the United States on August 3rd, apropos of the 131st anniversary of the law banning people from immigrating to the United States if they were likely to need government assistance. ”

 

The Corner

 

 

 

 

 

 

 

 

 

 

A Map Of All The Countries That Now Have Al-Qaeda Affiliated Terrorist Groups

 

 

 

 

” The United Nations decided late last week to add Nigerian Islamist group Boko Haram to its list of terrorist organizations formally recognized as being associated with al Qaeda.

  The UN said in its statement that Boko Haram—whose name loosely translates to “Western education is a sin”—has “maintained a relationship with the Organization of Al-Qaida [sic] in the Islamic Maghreb for training and material support purposes.”

 

 

 

How many of you remember this ?

 

 

 

 

 

 

 

” Nigerian president Goodluck Jonathan has been referring to the group as a terrorist organization since last year and arresting members accordingly. But his country’s battles with Islamism have been launched onto the international stage since Boko Haram abducted hundreds of schoolgirls last month. This has put Nigeria on the map in a way Jonathan would have done best to avoid.

  It has also put Nigeria on this particular map of countries with recognized al-Qaeda affiliates.”

 

 

 

    Contrary to our “fearless leader’s” pre-election boasts terrorist incidents are up and fatalities are climbing , world-wide :

 

 

” Terrorist attacks worldwide increased by more than 43 percent last year despite the efforts of the U.S. and its allies to destroy or disrupt extremist networks, the State Department acknowledged in a new report Wednesday.

  Total attacks around the world grew from more than 6,700 to more than 9,700 last year, killing nearly 18,000 people. Nearly 33,000 people were injured, and nearly 30,000 were kidnapped or taken hostage. The deadliest countries for terrorism were Iraq, Pakistan and Afghanistan.”

 

 

 

 

Defense One

 

 

 

 

 

 

 

 

 

 

The Economic Situation June 2013

” The US economy is creating new wealth and growing employment, albeit at a slow pace. But uncertainty is the key word that describes the economic situation at mid-2013.There are major unknowns with respect to Fed policy, taxing and spendingthe effects of the Affordable Care Act on employment, the implementation of Dodd-Frank financial reform, regulatory policy affecting the production of electricity, and the prospects for Europe’s recovery from an extended recession. Add to this pallid picture reductions in growth in China,India, and the developing world taking some of the edge off the global boom, which, in spite of that growth haircut, is still tugging away on America’s export growth.

With the closing of the books on the 2012 economy, real GDP growth registered 2.2 percent. But the current picture suggests we will be lucky to break 2.0 percent in 2013 and a bit more in 2014. This compares with the results of the Federal Reserve Bank of Philadelphia’s Livingston Survey in December 2012, which predicted 2.1 percent growth in 2013’s first half and 2.3 percent in the second half of the year. It will be a while before Livingston speak again, but right now, Economy.com’s dynamic GDP growth meter indicates the economy is expanding at 1.8 percent.

As Goldilocks might put it, “It’s not just right.” Not by a long shot. We can see images of the slowdown in the Institute of Supply Management’s indexes for the manufacturing and non-manufacturing (service) economies shown below. Both indexes are headed south of the border. Recall that 50 is the magic number that coincides with zero growth.”

” Now the bad news. Consider the next chart. It shows in nominal terms the level of federal receipts and expenditures for 1Q 1990 through 4Q 2012. Even with progress being made, there is a yawning gap waiting to be closed.

If the gap is to be closed, there is no doubt but that it will take more revenue and less spending. But when it comes to getting revenue, there is a never ending political debate regarding tax-rate fairness and which taxpayer income group, if any, should pay the higher or lower tax rate. (After all, there could be a flat tax.)There is hardly any discussion of revenues, which seems odd, to say the least.

But of course, there is reason to be concerned about fairness. People understandably rebel when they perceive they are being treated unfairly by government. (Consider the current IRS controversy.) But if revenues are the chief concern, then how much revenue is collected may be an equally important consideration when politicians talk about taxes.

Writing in 1924, treasury secretary Andrew W. Mellon said this about the political manipulation of rates:

   I have never viewed taxation as a means of rewarding one class of taxpayers or punishing another. If such a point of view ever controls our public policy, the traditions of freedom, justice and equality of opportunity,which are the distinguishing characteristics of our American civilization, will have disappeared and in their place we shall have class legislation with all its attendant evils. The man who seeks to perpetuate prejudice and class hatred is doing America an ill service. 

But why pay attention to the thoughts expressed by Andrew Mellon? Does he have credentials that command attention? Yes, indeed. As Secretary of Treasury during the Harding, Coolidge, and Hoover administrations, Mellon led a successful effort to reduce the size and debt of the federal government. In the earlier part of his government service, the nation was adjusting to a post–World War I environment, with lots of debt overhang. Sound familiar? His arguments about the relative merits of lower tax rates to produce higher revenues won the day. And he saw higher revenues when rates were reduced. He literally discovered the basis of what we now celebrate as the Laffer Curve. In all fairness, we should call it the Mellon-Laffer Curve.”

Read the whole thing for it’s glimmers of hope and dread .

—-

John Stossel

 

WHY DOESN’T EVERYONE GET IT? Jobs and $ rush to states that make doing biz easier! 

More tonight at 10 PM on Fox News — with John Vargo.

NRA SURGES TO RECORD 5 MILLION MEMBERS

 

 

 

 

” At the National Rifle Association’s convention in Houston, TX, NRA Executive Vice President Wayne LaPierre announced that the NRA has now grown to an unprecedented 5 million active members. He concluded his speech with the theme of all the NRA officers, vowing, “From liberty’s defense, we will never back down. We will never surrender. We will always stand. We will always fight.”

Well over 70,000 members of the NRA are assembled in Houston, Texas for its 142ndAnnual Meeting—projected to break the all-time record for the nation’s oldest and largest Constitutional rights organization. The convention houses over 300,000 square feet of exhibits (mostly firearms and accessories), seminars on various topics including women’s and children’s safety, and formal speeches from national political leaders and the NRA’s leadership. The central focus on the annual convention—as always—is protecting the Constitution’s Second Amendment right to keep and bear arms.

With 5 million members in its ranks and growing, that promise from the NRA’s leadership is likely to continue to be felt. Look for the NRA to engage its increased political strength in the 2014 midterm elections.”

 

 

 

    If you are not yet a member you can join here NRA Membership . If you value your right we strongly suggest that you do so and while you are at it check the Gun Rights organizations at the links in the right-hand sidebar of our page . They all are doing great work in preserving our rights and are worthy of your support .

Illustration by Rick McKee

 

 

 

 

 

 

 

 

 

China Eclipses U.S. as Biggest Trading Nation

 

 

” China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, official figures from both countries show.

U.S. exports and imports of goods last year totaled $3.82 trillion, the U.S. Commerce Department said last week. China’s customs administration reported last month that the country’s trade in goods in 2012 amounted to $3.87 trillion.

China’s growing influence in global commerce threatens to disrupt regional trading blocs as it becomes the most important commercial partner for some countries. Germany may export twice as much to China by the end of the decade as it does to France, estimated Goldman Sachs Group Inc.’s Jim O’Neill.

“It is remarkable that an economy that is only a fraction of the size of the U.S. economy has a larger trading volume,Nicholas Lardy, a senior fellow at the Peterson Institute for International Economics in Washington, said in an e-mail. The increase isn’t all the result of an undervalued yuan fueling an export boom, as Chinese imports have grown more rapidly than exports since 2007, he said.”

 


   “No, I had never understood President Obama’s economic policies. Until now. At the Netroots Conference in Rhode Island this past weekend, a gathering of President Obama’s most fervent core supporters discussed the concept of economic growth. One such Obama supporter, featured panelist Colin Mulcher, shed light on the subject: “I think currently the goal seems to be, like, the unstated assumption is that the goal is growth, for the sake of growth. It’s like, we have to grow, and grow, and grow, and grow, and grow. Why? I don’t know, we just have to grow. The only thing that I know about [where] the definition is out-of-control growth, is cancer. Like, literally … the definition of out-of-control growth is cancer.” ” 

 

He certainly is doing his best to stamp it out …. growth , that is , not cancer .

 

  So there you have it. While President Obama is fighting the moral equivalent of cancer, Mitt Romney is pursuing his nefarious scheme to grow the economy. It’s not too late to stop Romney before he drowns us in a sea of jobs and economic growth. It’s not too late to help President Obama move us “forward” with a recession that’s “built to last.” Yes, we can!

  ” You can tell that President Obama’s press conference statement Friday morning — “The PRIVATE SECTOR IS DOING FINE”— is a big problem for Democrats, the left, and much of the media simply because they’re spending so much time and energy denying that it is.”

Read this and visit the reason for the denial .

image

Blumer goes on

 
   ” Even on a percentage basis, it’s clear that the private sector, where employment is almost 4% lower than it was at peak employment, is still the biggest problem — or “drag,” if you will — of the bunch. Wait until you see what that means in terms of actual headcount: ”

image

  Denial is all they can do at this point . This is a George H W Bush scanner moment . Of course the press wasn’t carrying Bush Sr’s water as with our dear Wile E but these kind of numbers cannot be ignored or buried on page 23 .

   Which leaves us , the producing , wealth creating , government subsidizing , taxpaying citizens about like this …

image

We realize that in the past we’ve portrayed our buddy Wile E as Obama , as we will continue to do , and that this time we used him as a metaphor for US .

Our apologies …

  We are thinking though , that the above picture could also represent  (hopefully) Obama and his chances come November …

   That’s a more pleasant reality to strive towards .

Thanks to PJmedia for the graphs and Tammy Bruce for Wile E Coyote

Jobs ? What Jobs ?

“The Keynesian government-spending model has proven a complete failure. It’s the Obama model. And it has produced such an anemic recovery that frankly, at 2 percent growth, we’re back on the front end of a potential recession. If anything goes wrong — like another blow-up in Europe — there’s no safety margin to stop a new recession.”

It Really Is A No-Brainer

  “The best stimulus is a smaller government.”

 

  I’m no economist , but is it really that difficult to grasp the fact that there is a finite supply of money and that the more that is spent , saved , invested by private citizens the more growth that is generated ? 

  I’m by no means ” the Smartest Person in the Room” but is easy for me to see that every dollar that gets spent by government is two dollars that the private sector is deprived of given government’s innate inefficiency .

From the WSJ

“President Obama, in speech after speech, proudly makes the following point: Although we inherited the worst recession since the Great Depression, we have generated net new jobs every month, and while we need to do more, we are going in the right direction.

Of course, recoveries always go in the right direction—that is, things get better over time. But merely going in the right direction is an incredibly low performance standard. Moreover, since deep recessions are generally followed by more robust recoveries, this should have been one of the strongest recoveries ever.”

  In order to facilitate growth one has to reduce taxes and regulation . Government spending our tax dollars (stimulus) does not spur private industry and when the stimulus primarily went to prop up union jobs ( democratic constituencies) it was bound to provide anemic or non-existent growth . How anemic you ask ? 

“Sadly, this recovery is near the bottom of all 11. Cumulative nonfarm job growth is just 1.9% 34 months into recovery, the ninth-worst performance and well below the average job growth of 6.5%. Cumulative GDP growth is just 6.8% 11 quarters into this recovery, less than half the average (15.2%) and the worst of all 11.”

 This is what you get when you have a leadership made up primarily of people that have no business experience and don’t have the first clue what it takes to create a job .