For the first time in U.S. history, the annual growth rate of debt is projected to remain above the growth of the economy for more than a decade.
Archive for Category: "Economy"
Atlas Doesn’t Shrug; Atlas Shrinks
As the rewards for work or effort declined, fewer individuals exerted themselves. Likewise as the reward to capital diminished, capital was either withheld or went to areas where it was treated more favorably. Outsourcing, globalization and similar terms are easily explained in terms of “Atlas shrinking.”
Rising gas prices could cause double dip recession
Strapped consumers have to cut spending on other essentials to keep up with high gas prices which have risen 38 out of the last 39 days. Higher energy prices drive up the cost of everything. Remember Obama promised us higher energy prices in 2008 when he said “under my plan electricity rates would necessarily have to skyrocket.” That’s one promise he kept.
Cantor Endorses Romney
“He’s the Only candidate that has put forth a bold pro-growth plan to grow this economy. That’s the central issue of this election. People want to see a better economic future and Mitt Romney is the only man in the race who’s actually had the experience that will enable him to do that.” – Rep. Eric Cantor
Tim Geithner’s Amnesia
Sadly it is Geithner who forgets (or willfully ignores) the causes of the crisis. Just a few highlights:
Why Re-Electing Obama Could Bring An Economic Disaster
If you’re worried about austerity next year, then the setup we have with Obama in The White House, and the GOP in a position to block anything (and all they need to do that is 41 seats in the Senate), is the worst possible combo. – Business Insider
$9 million dollars per green job – Are we insane? – Four more years of this?
Ten “green” companies funded by your money have failed miserably in Obama’s green schemes. Meanwhile the price of gas and electricity skyrockets as Obama promised in 2008. $16 billion has gone to companies with ties to Obama campaign contributors.
Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us
U.S. government says that the annual rate of inflation is somewhere around 2 percent. Those of you that have to buy food and gas on a regular basis realize how much of a joke that is.
Like the Price of Gas? Just Wait! (He can’t wait)
Obama’s Green Regime has done everything it can to retard domestic fossil fuel production. … as the administration puts every road-block in the way of domestic fossil fuel product, it lavishes millions of taxpayer bucks on corrupt, inefficient “green energy” companies. … “you ain’t seen nothing yet!” – American Thinker
The Economic Crisis is a Sideshow to the Real Issue
We are at a crossroads between freedom and slavery. Are the elites going to enslave the producers? That is the critical question, and this issue is also the causal factor behind what is perceived as just another economic crisis.