Browsing the archives for the The Economy category
compiled & edited by Daniel Hagadorn Since politicians are such easy targets for our derision, it almost makes you feel bad pointing out their numerous shortcomings…almost. After all, if you can’t laugh at yourself, make fun of other people. From Jay Leno… “Energy Secretary Stephen Chu testified before Congress yesterday that he thought it was [...]
compiled & edited by Daniel Hagadorn The U.S. Labor Department’s official unemployment index, published by the Bureau of Labor Statistics (BLS), is based on a monthly survey of sample households that only counts individuals who reported looking for work in the past four weeks. http://www.bls.gov/news.release/empsit.nr0.htm What the Labor Department’s BLS index DOES NOT INCLUDE: Part-time [...]
compiled & edited by Daniel Hagadorn To see the national debt statistically visit http://www.usdebtclock.org/ To see the national debt visually visit http://demonocracy.info/infographics/usa/us_debt/us_debt.html WARNING: Viewing these facts may cause swelling of the face, lips, tongue, and/or throat, difficulty breathing or swallowing, anemia, decreased levels of potassium or sodium, dizziness, excessive bleeding, facial flushing, fainting, rapid heartbeat, heart attack, hypertension, hypotension, [...]
compiled & edited by Daniel Hagadorn Though the sheer size of our national debt makes it difficult to grasp, perhaps the following illustration will help: NOTE: All dollar amounts are expressed in 2010 USD In 2010, the annual interest on the U.S. national debt was $414 billion. [1] To put that number in perspective, remember [...]
compiled & edited by Daniel Hagadorn The Framers planted and nurtured these early abolitionist seeds from which the recognition of black equality and the eventual end of slavery would later blossom. This fact was further clarified by Bishop Richard Allen, a former slave from Pennsylvania who was later freed after converting his master to Christianity. [...]
compiled & edited by Daniel Hagadorn Presidential approval ratings since 1950:[1] George W. Bush…was rated a HIGH of 90% and a LOW of 29%. George H. W. Bush…was rated a HIGH of 89% and a LOW of 29%. Harry S Truman…was rated a HIGH of 87% and a LOW of 23%. John F. Kennedy…was rated [...]
compiled & edited by Daniel Hagadorn It will certainly come as no surprise to anyone who has been conscious since 2008 that the United States economy is…ah…struggling to put it nicely. High unemployment, market insecurity, government overspending, and the declining dollar are just a few of the problems plaguing the nation. Lost amidst this gloomy [...]
compiled & edited by Daniel Hagadorn Once upon a time, there lived a man, his wife, and their six year old daughter. One day, they were visited by a long-time family friend. Later that night while they were all eating dinner together, the guest asked the six year old what she wanted to be when [...]
compiled & edited by Daniel Hagadorn Once upon a time, there lived a young woman who had almost completed her first year of schooling at a prestigious university that she could never afford to pay for herself. But fortunately, her parents had worked hard and saved enough money to cover her tuition.
compiled & edited by Daniel Hagadorn The media has enjoyed a lengthy love affair with the conflicting theories of global warming and global cooling. NOTE: A few of the headlines even manage to contradict the “conventional wisdom” of the times. FROM THE 1860’s TO 1920’s…GLOBAL COOLING?
compiled & edited by Daniel Hagadorn Although going “green” has been extremely lucrative for Al Gore as he is poised to become the world’s first “carbon billionaire”, [1] he is better known for his Nobel prize-winning documentary (An Inconvenient Truth, 2007) [2] advancing the theory of global warming. The Anthropogenic Global Warming (AGW) theory embraced [...]
compiled & edited by Daniel Hagadorn Once upon a time, the government owned a vast scrap yard in the middle of the desert. But Congress grew concerned that someone might steal from it at night so they formed a Scrap Yard Oversight Committee to determine what should be done. After several drafts and numerous revisions [...]
compiled & edited by Daniel Hagadorn [What would JFK do?] President John F. Kennedy appeared to have an excellent grasp of fiscal reality and perhaps ALL members of Congress would do well to heed his advice concerning the immutable relationship between raising taxes and ruining the economy.
compiled & edited by Daniel Hagadorn “The legislature, like the executive, has ceased, save indirectly, to be even the creature of the people: it is the creature, in the main, of pressure groups, and most of them, it must be manifest, are of dubious wisdom and even more dubious honesty. Laws are no longer made [...]
compiled & edited by Daniel Hagadorn Given our nation’s precarious financial condition, I hope that ALL Americans can agree with the following… “Mr. President, I rise today to talk about America’s debt problem.” “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a [...]
compiled & edited by Daniel Hagadorn In reviewing the “Top 100 All-Time Donors, 1989-2010″, it is interesting to note that several of the top donors are unions. [1] Just follow the money… [2] [3]
compiled & edited by Daniel Hagadorn The U.S. Congress bears sole responsibility for artificially increasing oil prices since it is OUR oil that remains largely untapped beneath OUR deserts, OUR forests, OUR swamps and OUR oceans. These politicians that we have freely elected…and re-elected…and then re-elected [sigh] are preventing OUR oil from being drilled by [...]
compiled & edited by Daniel Hagadorn Judge for yourself how successfully the planks of the Communist Party platform have been grafted into the tree of American liberty. On 10 January 1963, the following was entered into the Congressional record [1] by U.S. Representative Albert Sydney Herlong, Jr. (1909-1995) [D-FL] who served in Congress from 1949 to [...]
compiled & edited by Daniel Hagadorn The federal government is growing at a faster pace than any other sector of today’s economy.[1] [2] [3] [4] WHAT THE TAXPAYER PAYS FOR… Salaries… The federal government is the single largest employer in the United States and currently employs approximately 2.0% of the nation’s work force (4.2 MILLION [...]
compiled & edited by Daniel Hagadorn Successful coaches reward their most productive players with additional playing time and do not punish their productivity by benching them. Likewise, successful governments reward their most productive citizens with tax cuts and do not punish their productivity by oppressive taxation. After all, the more the government takes, the less [...]
compiled & edited by Daniel Hagadorn Once upon a time, 50,000 people went to a baseball game, but sadly the game was rained out. A refund was then due. The home team was about to mail the refund checks when Congress intervened and suggested that they send out refund amounts based on the federal government’s [...]
compiled & edited by Daniel Hagadorn THE ANT AND THE GRASSHOPPER (classic version) Once upon a time, there was an ant and a grasshopper that lived in a beautiful meadow. The ant worked hard in the withering heat all summer long, building his house and laying up supplies for the winter. The grasshopper thought the [...]
compiled & edited by Daniel Hagadorn THE LITTLE RED HEN Once upon a time a little red hen called all of her neighbors together and said, “If we plant this wheat, we shall have bread to eat. Who will help me plant it?” “Not I,” said the cow. “Not I,” said the duck. “Not I,” [...]
compiled & edited by Daniel Hagadorn “Debt is the fatal disease of republics, the first and the mightiest to undermine governments and corrupt the people.” –Wendell Phillips (1811-1884) OVERALL… From 1790 to 2010 the DJIA increased by 29,373%. From 1790 to 2010 the NYSE price of gold per fine ounce increased by 389%. From 1790 [...]
compiled & edited by Daniel Hagadorn Most law-abiding citizens acknowledge the unfortunate necessity of paying taxes, but since the Civil War era, our government has advanced decidedly unconstitutional policies that would appall the Framers, who never envisioned a tax system like the one we presently “enjoy.” “To preserve [the] independence [of the people,] we must [...]
compiled & edited by Daniel Hagadorn America’s rapidly disappearing middle-class will likely become the next “species” placed on the endangered list. Only a century ago, life was very different for the middle-class who enjoyed unprecedented prosperity and a first-rate standard of living. In fact, the middle-class lifestyle of yesteryear would today be more accurately described [...]
compiled & edited by Daniel Hagadorn …If you were a contemporary of Jesus Christ and began spending $1 million every day from the time of His death until now…you would still not have spent $1 trillion. …If you laid one trillion dollar bills end to end, it would form a chain that stretched from the [...]
compiled & edited by Daniel Hagadorn “I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.”[1] The price of history…[2] [3] [4] The Revolutionary War (1775-1783) cost $101,000,000 or $1,258,000,000 (2009 USD). The Louisiana Purchase (1803) cost $23,000,000 or $324,600,000 (2009 [...]
