Archive for April, 2012

Forward Radical Progressive Socialists–Better Not Look Down–More Deadly Than War–Barack Obama–Videos

Posted on April 30, 2012. Filed under: Agriculture, American History, Babies, Banking, Blogroll, Books, Business, College, Communications, Crime, Culture, Demographics, Diasters, Drug Cartels, Economics, Education, Employment, Energy, Entertainment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, History of Economic Thought, Homes, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Radio, Rants, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Unions, Video, War, Wealth, Weapons | Tags: , , , , , , , , , , , , |

“…The name Forward carries a special meaning in socialist political terminology. It has been frequently used as a name for socialist, communist and other leftwing newspapers and publications. For example, Vpered (Russian language for ‘Forward’) was the name of the publication that Lenin started after having resigned rom the Iskra editorial board in 1905 after a clash with Georgi Plekhanov and the Mensheviks.[1]

Forward was used by the US President Barrack Obama as his 2012 presidential campaign slogan. The slogan was used to look back at the begining of his Presidency and the situation he inherited, and the bold strides taken over the four years of his term in office, and as a message towards his reelection. [2] …”

http://en.wikipedia.org/wiki/Forward_(generic_name_of_socialist_publications)

http://gasbuddy.com/gb_retail_price_chart.aspx

Unemployment Level

Number in Thousands 

U-3 Unemployment Rate

Percent or Rate

U-6 Unemployment Rate

Percent or Rate

 http://data.bls.gov/pdq/SurveyOutputServlet

http://www.shadowstats.com/alternate_data/unemployment-charts

Forward.

Obama Campaign Slogan ‘Forward’ a Hitler Youth Marching Tune

“If I wanted America to fail” 

 Better Not Look Down

G Edward Griffin – More Deadly Than War – Part 1 of 8

G Edward Griffin – More Deadly Than War – Part 2 of 8

G Edward Griffin – More Deadly Than War – Part 3 of 8

G Edward Griffin – More Deadly Than War – Part 4 of 8

G Edward Griffin – More Deadly Than War – Part 5 of 8

G Edward Griffin – More Deadly Than War – Part 6 of 8

G Edward Griffin – More Deadly Than War – Part 7 of 8

G Edward Griffin – More Deadly Than War – Part 8 of 8

Obama “Jobs” Bill…

Obama Kicks Off Campaign… 

New Obama slogan has long ties to Marxism, socialism

By Victor Morton

“…The Obama campaign apparently didn’t look backwards into history when selecting its new campaign slogan, “Forward” — a word with a long and rich association with European Marxism.

Many Communist and radical publications and entities throughout the 19th and 20th centuries had the name “Forward!” or its foreign cognates. Wikipedia has an entire section called “Forward (generic name of socialist publications).”

“The name Forward carries a special meaning in socialist political terminology. It has been frequently used as a name for socialist, communist and other left-wing newspapers and publications,” the online encyclopedia explains.

The slogan “Forward!” reflected the conviction of European Marxists and radicals that their movements reflected the march of history, which would move forward past capitalism and into socialism and communism.

The Obama campaign released its new campaign slogan Monday in a 7-minute video. The title card has simply the word “Forward” with the “O” having the familiar Obama logo from 2008. It will be played at rallies this weekend that mark the Obama re-election campaign’s official beginning. …”

http://www.youtube.com/watch?v=mbxwYxIm_tg&feature=relmfu

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David Hart on Frédéric Bastiat–Videos

Posted on April 30, 2012. Filed under: Agriculture, American History, Banking, Blogroll, Books, Business, College, Communications, Culture, Economics, Education, Employment, Energy, Farming, Federal Government, Fiscal Policy, government, government spending, history, History of Economic Thought, Homes, Immigration, Inflation, Investments, Language, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Quotations, Raves, Regulations, Security, Tax Policy, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , |

David Hart on Frederic Bastiat

The Bastiat Collection | Mark Thornton

That Which is Seen and That Which is Not Seen by Frederic Bastiat

That Which Is Seen, and That Which Is Not Seen Frederic Bastiat

Private and Public Services Frederic Bastiat 

Related Posts On Pronk Palisades

Frédéric Bastiat–The Law–Videos 

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Progressive Barack Obama’s and Mitt Romney’s Worse Nightmare–Ron Paul As Peace and Prosperity Party Candidate for President–Videos

Posted on April 29, 2012. Filed under: American History, Banking, Blogroll, Business, Communications, Economics, Employment, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, history, History of Economic Thought, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Radio, Rants, Raves, Tax Policy, Taxes, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , |

Ron Paul – Is President Obamas His Toughest Competitor !! 

Ron Paul  Third Party Run Would Draw Votes from Republicans AND Democrats

Ron Paul – Revolution in Houston !! 

Great Interview With Mike Warren and Ron Paul on Fox 7 !! 

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Joel Skousen–Strategic Relocation: Preparing for the Economic Collapse–Videos

Posted on April 28, 2012. Filed under: American History, Blogroll, Business, Climate, College, Communications, Demographics, Economics, Education, Employment, Energy, Enivornment, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, history, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, People, Philosophy, Politics, Raves, Strategy, Tax Policy, Unemployment, Wisdom | Tags: , , , , , |

 

Secrets of Survival with Joel Skousen

Joel Skousen is a political scientist, by training, specializing in the philosophy of law and Constitutional theory, and is also a designer of high security residences and retreats. He has designed Self-sufficient and High Security homes throughout North America, and has consulted in Central America as well. His latest book in this field is Strategic Relocation–North American Guide to Safe Places, and is active in consulting with persons who need to relocate for security and increased self-sufficiency. He also assists people who need to live near a large city to develop contingency retreat plans involving rural farm or recreation property.
http://www.joelskousen.com/

Strategic Relocation: Preparing for the Economic Collapse with Joel Skousen

Joel Skousen: Strategic Relocation – North American Guide to Safe Places 1/5

Joel Skousen: Strategic Relocation – North American Guide to Safe Places 2/5

Joel Skousen: Strategic Relocation – North American Guide to Safe Places 3/5

Joel Skousen: Strategic Relocation – North American Guide to Safe Places 4/5

Joel Skousen: Strategic Relocation – North American Guide to Safe Places 5/5

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Federal Reserve Chairman Ben Bernanke Lectures At George Washington University—Videos

Posted on April 28, 2012. Filed under: Banking, Blogroll, Business, College, Communications, Demographics, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, Homes, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Strategy, Tax Policy, Taxes, Unemployment, Video, Wisdom | Tags: , , , , , , , , , , , |

Ben Bernanke Lectures At George Washington University 

Chairman Bernanke’s College Lecture Series: The Federal Reserve and the Financial Crisis, Part 1 

Chairman Bernanke’s College Lecture Series: The Federal Reserve and the Financial Crisis, Part 2 

Chairman Bernanke’s College Lecture Series, The Federal Reserve and the Financial Crisis, Part 3 

Chairman Bernanke’s College Lecture Series, The Federal Reserve and the Financial Crisis, Part 4   

Background Articles and Videos

Milton Friedman on The Gold Standard

Milton Friedman – The Great Depression Myth

Hayek on Milton Friedman and Monetary Policy 

The Gold Standard in Theory and Myth (by Joseph Salerno)

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Press Conference with Chairman of the FOMC, Ben S. Bernanke–Videos

Posted on April 28, 2012. Filed under: American History, Banking, Blogroll, Business, Communications, Economics, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Raves, Regulations, Tax Policy, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , |

Press Conference with Chairman of the FOMC, Ben S. Bernanke

FOMC Statement: http://www.federalreserve.gov/newsevents/press/monetary/20120425a.htm

Federal Open Market Committee: http://www.federalreserve.gov/monetarypolicy/fomc.htm

Background Articles and Videos

Fed’s No. 2 Strongly Backs Low-Rate Policy 

Janet Yellen, S.F. Federal Reserve Bank, discusses US recovery from recession – Haas School 

Haas School Professor Emeritus Janet Yellen, CEO of the San Francisco Federal Reserve Bank, discusses the current US economy and her forecast for the remainder of 2009. Her presentation at the Haas School of Business, UC Berkeley, is part of the Dean’s Speaker Series focused on the recent financial crisis. (May 05, 2009)

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Allan Meltzer–The History of The Federal Reserve: Volume 2, Book 1, 1959-1969–Videos

Posted on April 27, 2012. Filed under: American History, Banking, Blogroll, Books, Business, College, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, history, History of Economic Thought, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Talk Radio, Tax Policy, Taxes, Technology, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , |

Allan Meltzer on the History of the Federal Reserve – Part 1

Part 1 of 3: The Process of Writing the History of the Federal Reserve. Allan Meltzer’s much-anticipated second volume of the History of the Federal Reserve was released in spring 2010. These three videos feature Professor Meltzer talking about the Federal Reserve and the process of writing the book.

Allan Meltzer on the History of the Federal Reserve – Part 2

Part 2 of 3: Why Should We Care About The Fed Being Independent? Allan Meltzer’s much-anticipated second volume of the History of the Federal Reserve was released in spring 2010. These three videos feature Professor Meltzer talking about the Federal Reserve and the process of writing the book.

Allan Meltzer on the History of the Federal Reserve – Part 3

A History of the Federal Reserve: A Conversation between Paul Volcker and Allan H. Meltzer

As the Federal Reserve continues to take steps to boost the economy and navigate through an uncertain economic future, Allan H. Meltzer’s acclaimed history of the Federal Reserve uses the past to provide lessons for today’s policymakers and scholars. At this event, Meltzer participates in a discussion of his book A History of the Federal Reserve, 1913–1986 (University of Chicago Press, 2010) with Paul Volcker, former chairman of the Federal Reserve under presidents Jimmy Carter and Ronald Reagan. AEI economist and former Federal Reserve official Vincent R. Reinhart moderates. 

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Peter Schiff’s exclusive interview with Allan Meltzer–Video

Posted on April 27, 2012. Filed under: American History, Banking, Blogroll, College, Communications, Demographics, Diasters, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, Health Care, history, Inflation, Investments, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Tax Policy, Taxes, Unemployment, Video, Weather, Wisdom | Tags: , , , , |

Peter Schiff’s exclusive interview with Allan Meltzer at The Atlantic Economy Summit

Background Articles and Videos

Allan Meltzer on the History of the Federal Reserve – Part 1 

Part 1 of 3: The Process of Writing the History of the Federal Reserve. Allan Meltzer’s much-anticipated second volume of the History of the Federal Reserve was released in spring 2010. These three videos feature Professor Meltzer talking about the Federal Reserve and the process of writing the book.

Allan Meltzer on the History of the Federal Reserve – Part 2

Part 2 of 3: Why Should We Care About The Fed Being Independent? Allan Meltzer’s much-anticipated second volume of the History of the Federal Reserve was released in spring 2010. These three videos feature Professor Meltzer talking about the Federal Reserve and the process of writing the book.

Allan Meltzer on the History of the Federal Reserve – Part 3 

A History of the Federal Reserve: A Conversation between Paul Volcker and Allan H. Meltzer

As the Federal Reserve continues to take steps to boost the economy and navigate through an uncertain economic future, Allan H. Meltzer’s acclaimed history of the Federal Reserve uses the past to provide lessons for today’s policymakers and scholars. At this event, Meltzer participates in a discussion of his book A History of the Federal Reserve, 1913–1986 (University of Chicago Press, 2010) with Paul Volcker, former chairman of the Federal Reserve under presidents Jimmy Carter and Ronald Reagan. AEI economist and former Federal Reserve official Vincent R. Reinhart moderates. 

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The Birth of the Speculator–Videos

Posted on April 27, 2012. Filed under: Blogroll, Business, Communications, Crime, Diasters, Economics, Inflation, Investments, Law, liberty, Life, Links, media, People, Philosophy, Politics, Psychology, Video, Wealth | Tags: , , , , , , , |

The Birth of the Speculator P1

The Birth of the Speculator P2

The Birth of the Speculator P3

The Birth of the Speculator P4

The Birth of the Speculator P5

The Birth of the Speculator P6

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Growth of Real Gross Domestic Product (GDP) Falls From 3.0 Percent in Fourth Quarter 2012 to 2.2 Percent in First Quarter 2012–Economy Peaks in 2011–Start Of Global Recession As Oil Prices Spike Due to Excessive Speculation–Videos

Posted on April 27, 2012. Filed under: Banking, Blogroll, Business, College, Communications, Demographics, Economics, Education, Employment, Energy, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, Health Care, Inflation, Law, liberty, Life, Links, Macroeconomics, Medicine, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Tax Policy, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , |

 

U-3 Unemployment Rate for United States

U-6 Unemployment Rate for United States

US economic growth slows

U.S. GDP Growth Slows

Examination of the state of UK´s Economy – weak Economies in the EUROZONE

Europe Growth Talk Falling On Deaf Ears

China’s Q1 GDP growth slows to 8.1%

Chinese economic growth slows 

‘Mistakes push EU into deep recession’ 

26.04.2012 – Economic Calendar by Dukascopy 

Secret Exemptions Allowed Speculators to Distort Futures Markets

CHHS Director discusses excessive speculation in oil markets

Jobs News Disappoints, Facebook on Nasdaq 

Peter Schiff’s exclusive interview with Allan Meltzer at The Atlantic Economy Summit

Background Articles and Videos

Don Yacktman 

The Birth of the Speculator P1

The Birth of the Speculator P2

The Birth of the Speculator P3

The Birth of the Speculator P4

The Birth of the Speculator P5

The Birth of the Speculator P6

Keynesian Catastrophe: Big Money, Big Government & Big Lies

Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus

Eight Reasons Why Big Government Hurts Economic Growth 

Keynesian Economics Is Wrong: Economic Growth Causes Consumer Spending, Not the Other Way

GDP, Nominal, Real, examples 

gdp and gnp 

The multiplier effect in the simple Keynesian model:   A change in investment spending

Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product

[Percent] Seasonally adjusted at annual rates

Last Revised on: April 27, 2012 – Next Release Date May 31, 2012

Line 2010 2011 2012
I II III IV I II III IV I
1 Gross domestic product 3.9 3.8 2.5 2.3 0.4 1.3 1.8 3.0 2.2
2 Personal consumption expenditures 2.7 2.9 2.6 3.6 2.1 0.7 1.7 2.1 2.9
3 Goods 6.4 3.8 4.8 8.3 4.7 -1.6 1.4 5.4 6.2
4 Durable goods 9.9 7.8 8.8 17.2 11.7 -5.3 5.7 16.1 15.3
5 Nondurable goods 4.8 1.9 3.0 4.3 1.6 0.2 -0.5 0.8 2.1
6 Services 1.0 2.5 1.6 1.3 0.8 1.9 1.9 0.4 1.2
7 Gross private domestic investment 31.5 26.4 9.2 -7.1 3.8 6.4 1.3 22.1 6.0
8 Fixed investment 1.2 19.5 2.3 7.5 1.2 9.2 13.0 6.3 1.4
9 Nonresidential 6.0 18.6 11.3 8.7 2.1 10.3 15.7 5.2 -2.1
10 Structures -24.7 7.5 4.2 10.5 -14.3 22.6 14.4 -0.9 -12.0
11 Equipment and software 21.7 23.2 14.1 8.1 8.7 6.2 16.2 7.5 1.7
12 Residential -15.3 22.8 -27.7 2.5 -2.4 4.2 1.3 11.6 19.1
13 Change in private inventories
14 Net exports of goods and services
15 Exports 7.2 10.0 10.0 7.8 7.9 3.6 4.7 2.7 5.4
16 Goods 12.1 11.8 8.9 9.2 10.6 2.5 5.0 3.6 4.1
17 Services -2.7 6.1 12.6 4.7 1.7 6.2 4.0 0.4 8.6
18 Imports 12.5 21.6 12.3 -2.3 8.3 1.4 1.2 3.7 4.3
19 Goods 14.4 26.0 12.4 -0.5 9.5 1.6 0.5 3.3 3.0
20 Services 4.6 3.3 11.6 -10.4 2.2 0.4 4.8 5.6 11.0
21 Government consumption expenditures and gross investment -1.2 3.7 1.0 -2.8 -5.9 -0.9 -0.1 -4.2 -3.0
22 Federal 2.8 8.8 3.2 -3.0 -9.4 1.9 2.1 -6.9 -5.6
23 National defense 0.5 6.0 5.7 -5.9 -12.6 7.0 5.0 -12.1 -8.1
24 Nondefense 7.8 14.7 -1.8 3.1 -2.7 -7.6 -3.8 4.5 -0.6
25 State and local -3.9 0.4 -0.5 -2.7 -3.4 -2.8 -1.6 -2.2 -1.2
Addendum:  26Gross domestic product, current dollars5.55.43.94.23.14.04.43.83.8
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, APRIL 27, 2012

BEA 12-17

* See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials.

<!–

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Lisa S. Mataloni: (202) 606-5304 (GDP) gdpniwd@bea.gov
Andrew Hodge: (202) 606-5564 (Profits) cpniwd@bea.gov
Recorded message: (202) 606-5306
Brent Moulton: (202) 606-9606 (Annual Revision)
Bob Kornfeld: (202) 606-9285
Ralph Stewart: (202) 606-2649 (News Media)
Jeannine Aversa: (202) 606-2649 (News Media)
National Income and Product Accounts Gross Domestic Product, 1st quarter 2012 (advance estimate)
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 2.2 percent in the first quarter of 2012 (that
is, from the fourth quarter to the first quarter), according to the "advance" estimate released by the
Bureau of Economic Analysis.  In the fourth quarter of 2011, real GDP increased 3.0 percent.

      The Bureau emphasized that the first-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see the box on page 3).  The
"second" estimate for the first quarter, based on more complete data, will be released on May 31, 2012.

      The increase in real GDP in the first quarter primarily reflected positive contributions from
personal consumption expenditures (PCE), exports, private inventory investment, and residential fixed
investment that were partly offset by negative contributions from federal government spending,
nonresidential fixed investment, and state and local government spending.  Imports, which are a
subtraction in the calculation of GDP, increased.

      The deceleration in real GDP in the first quarter primarily reflected a deceleration in private
inventory investment and a downturn in nonresidential fixed investment that were partly offset by
accelerations in PCE and in exports.
___________________
BOX.
     Annual Revision of the National Income and Product Accounts

      The annual revision of the national income and product accounts (NIPAs), covering the first
quarter of 2009 through the first quarter of 2012, will be released along with the "advance" estimate of
GDP for the second quarter of 2012 on July 27, 2012.  The August Survey of Current Business will
contain an article that describes the annual revision in detail.
___________________

FOOTNOTE.  Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise
specified.  Quarter-to-quarter dollar changes are differences between these published estimates.  Percent
changes are calculated from unrounded data and are annualized.  "Real" estimates are in chained (2005)
dollars.  Price indexes are chain-type measures.

      This news release is available on BEA’s Web site along with the Technical Note and Highlights related to this release.
___________________

      Motor vehicle output added 1.12 percentage points to the first-quarter change in real GDP after
adding 0.47 percentage point to the fourth-quarter change.  Final sales of computers added 0.05
percentage point to the first-quarter change in real GDP after adding 0.12 percentage point to the fourth-
quarter change.

      The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 2.4 percent in the first quarter, compared with an increase of 1.1 percent in the fourth.
Excluding food and energy prices, the price index for gross domestic purchases increased 2.2 percent in
the first quarter, compared with an increase of 1.2 percent in the fourth.

      Real personal consumption expenditures increased 2.9 percent in the first quarter, compared with
an increase of 2.1 percent in the fourth.  Durable goods increased 15.3 percent, compared with an
increase of 16.1 percent.  Nondurable goods increased 2.1 percent, compared with an increase of 0.8
percent.  Services increased 1.2 percent, compared with an increase of 0.4 percent.

      Real nonresidential fixed investment decreased 2.1 percent in the first quarter, in contrast to an
increase of 5.2 percent in the fourth.  Nonresidential structures decreased 12.0 percent, compared with a
decrease of 0.9 percent.  Equipment and software increased 1.7 percent, compared with an increase of
7.5 percent.  Real residential fixed investment increased 19.1 percent, compared with an increase of 11.6
percent.

      Real exports of goods and services increased 5.4 percent in the first quarter, compared with an
increase of 2.7 percent in the fourth.  Real imports of goods and services increased 4.3 percent,
compared with an increase of 3.7 percent.

      Real federal government consumption expenditures and gross investment decreased 5.6 percent
in the first quarter, compared with a decrease of 6.9 percent in the fourth.  National defense decreased
8.1 percent, compared with a decrease of 12.1 percent.  Nondefense decreased 0.6 percent, in contrast to
an increase of 4.5 percent.  Real state and local government consumption expenditures and gross
investment decreased 1.2 percent, compared with a decrease of 2.2 percent.

      The change in real private inventories added 0.59 percentage point to the first-quarter change in
real GDP after adding 1.81 percentage points to the fourth-quarter change.  Private businesses increased
inventories $69.5 billion in the first quarter, following an increase of $52.2 billion in the fourth quarter
and a decrease of $2.0 billion in the third.

      Real final sales of domestic product -- GDP less change in private inventories -- increased 1.6
percent in the first quarter, compared with an increase of 1.1 percent in the fourth.

Gross domestic purchases

      Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- increased 2.1 percent in the first quarter, compared with an increase of 3.1 percent in the
fourth.

Disposition of personal income

      Current-dollar personal income increased $119.6 billion (3.7 percent) in the first quarter,
compared with an increase of $105.3 billion (3.3 percent) in the fourth.

      Personal current taxes increased $38.6 billion in the first quarter, compared with an increase of
$21.1 billion in the fourth.

      Disposable personal income increased $81.0 billion (2.8 percent) in the first quarter, compared
with an increase of $84.2 billion (2.9 percent) in the fourth.  Real disposable personal income increased
0.4 percent, compared with an increase of 1.7 percent.

      Personal outlays increased $145.9 billion (5.3 percent) in the first quarter, compared with an
increase of $86.4 billion (3.1 percent) in the fourth.  Personal saving -- disposable personal income less
personal outlays -- was $466.0 billion in the first quarter, compared with $530.8 billion in the fourth.
The personal saving rate -- saving as a percentage of disposable personal income -- was 3.9 percent in
the first quarter, compared with 4.5 percent in the fourth.  For a comparison of personal saving in BEA’s
national income and product accounts with personal saving in the Federal Reserve Board’s flow of funds
accounts and data on changes in net worth, go to www.bea.gov/national/nipaweb/Nipa-Frb.asp.

Current-dollar GDP

      Current-dollar GDP -- the market value of the nation's output of goods and services -- increased
3.8 percent, or $142.4 billion, in the first quarter to a level of $15,461.8 billion.  In the fourth quarter,
current-dollar GDP also increased 3.8 percent, or $143.3 billion.

_____________________________
BOX.
     Information on the assumptions used for unavailable source data is provided in a technical note
that is posted with the news release on BEA's Web site.  Within a few days after the release, a detailed
"Key Source Data and Assumptions" file is posted on the Web site.  In the middle of each month, an
analysis of the current quarterly estimate of GDP and related series is made available on the Web site;
click on Survey of Current Business, "GDP and the Economy."
_____________________________

      BEA's national, international, regional, and industry estimates; the Survey of Current Business;
and BEA news releases are available without charge on BEA's Web site at www.bea.gov. By visiting the
site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements.

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

Slowing Growth Stirs Recovery Fears

Weaker Business Investment Weighs on Economy in First Quarter Despite Brisk Consumer Spending

BY BEN CASSELMAN

“…The economy lost steam in the first quarter, as onetime engines of growth sputtered and robust consumer spending was unable to propel the recovery on its own.

Gross domestic product, the broadest measure of all goods and services produced in the economy, grew at an annualized rate of 2.2% in the first quarter, down from 3% at the end of 2011, the Commerce Department said Friday. The deceleration reflected sharp cutbacks in government spending and weaker business investment and came despite an unusually warm winter, which many economists said likely provided a mild economic boost.

The report did reveal a few areas of strength. Consumer spending, by far the biggest piece of the economy, accelerated in the first quarter, and the moribund housing sector also showed signs of improvement. Overall economic growth, though modest, was far stronger than at the start of last year, when the U.S. teetered on the brink of recession.

The glum economic news had a muted impact on financial markets, in part because many investors see a weakening economy as increasing pressure on the Federal Reserve to step in with a new round of stimulus. The Dow Jones Industrial Average nosed up 23.69 points to 13228.31. There was a note of caution in the bond market, where surging demand for the perceived safety of Treasurys sent 10-year bond yields to their lowest level in two months.

Recent data have suggested that the once-strong factory sector is weakening and that job growth, which picked up early this year, has begun to slow. Outside factors—from high oil prices to Europe’s continued financial turmoil—could be a further drag on growth in coming months. The weak start to the year gives the economy little momentum to help carry it past such challenges. …”

http://online.wsj.com/article/SB10001424052702304811304577369640809969900.html

Economy slowed to 2.2% growth rate in Q1

By Tim Mullaney, USA TODAY

“…The economy grew at a 2.2% annual rate in the first quarter, the government said today, as a pickup in consumer spending was partly offset by shrinking government spending and sluggish private investment.

Growth missed the 2.5% median forecast of 50 economists surveyed by USA TODAY. Yet economists focused on the 2.9% jump in consumer spending, saying it showed the economy is strong enough to support more hiring. Half the increase in gross domestic product came from auto sales and manufacturing, as sales reached a 15-million-unit per year pace in February.

“It was less than I expected, by more than a little, but when you look at it, the weakness was mostly in government spending,” said Joel Naroff, president of the consulting firm Naroff Economic Advisors. “If the consumer keeps increasing spending by nearly 3%, business confidence will rise and so will investment.”

The biggest chunk of the slowdown came from slower building of inventories by private companies, the Bureau of Economic Analysis said. Government spending also fell 3%, including an 8.1% drop in defense spending.

Growth in business investment also fell, with the biggest cuts coming in spending for new buildings. Investment in equipment and software, which is critical to productivity-enhancing innovation, rose 1.7%, weakest pace since mid-2009

If government spending had been unchanged in the quarter, the economy would have grown at a 2.8% rate, Naroff said.

The economy’s overall pace was slower than the 3% GDP growth in the fourth quarter last year, when businesses rebuilt inventories after a mid-year slump. Final demand, a measure of how much consumers, governments and businesses spent on everything but building inventories, rose 1.6% – topping the fourth-quarter pace by half a percentage point. …”

http://www.usatoday.com/money/economy/story/2012-04-27/first-quarter-gross-domestic-product/54574828/1

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“If I wanted America to fail” –Obama’s Radical Progressive Socialist Agenda for America–An Economic Suicide Pact–Videos

Posted on April 26, 2012. Filed under: American History, Banking, Blogroll, Business, College, Communications, Crime, Culture, Demographics, Diasters, Economics, Education, Employment, Energy, Enivornment, Farming, Federal Government, Federal Government Budget, Foreign Policy, government, government spending, history, Homes, Immigration, Inflation, Investments, Language, Law, Macroeconomics, Microeconomics, Monetary Policy, Money, Narcissism, Natural Gas, Nuclear Power, Oil, People, Philosophy, Politics, Psychology, Public Sector, Strategy, Talk Radio, Tax Policy, Taxes, Unemployment, Unions, War, Wealth, Wisdom | Tags: , , |

http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24

“If I wanted America to fail”

Obama: My Plan Makes Electricity Rates Skyrocket

Obama says he wants high gas prices

President Obama Wants Higher Energy Prices

Tribute to Milton Friedman and the Humble Pencil

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Mitt Romney–A Better America Begins Tonight–Excellent Speech–Videos

Posted on April 25, 2012. Filed under: American History, Blogroll, Business, College, Communications, Economics, Education, Employment, Energy, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, People, Philosophy, Politics, Rants, Raves, Tax Policy, Taxes, Video, War, Wealth, Wisdom | Tags: , , , , |

Mitt Romney victory speech 4-24-2012

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Obama’s Campaign Strategy Switches From Romney The Progressive Flip Flopper To Romney The Severe Conservative Right-Wing Extremist–Why?–Romney Is Beating Obama In Internal Polls With Independent Voters–Why? Obama’s Record of Failure–High Unemployment Rates and Gas Prices and Massive Government Deficits–$5 Trillion–Videos

Posted on April 25, 2012. Filed under: Blogroll, Business, College, Communications, Economics, Education, Employment, Fiscal Policy, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Raves, Talk Radio, Taxes, Technology, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , |

 

Shields, Brooks on Voter Volatility, Obama vs. Romney

Obama Against Romney The ‘Flip-Flopper’ or The ‘Severe Conservative’? (P1/2) 

Obama Against Romney The ‘Flip-Flopper’ or The ‘Severe Conservative’? (P2/2) 

The Moderate, Progressive, Severely Conservative Romney 

The Real Romney 

Mitt Romney ‘I Was A Severely Conservative Governor’

Still Voting For ‘Mitt Romney’?

Rush Limbaugh: Mitt Romney ‘Is Not A Conservative’

David Axelrod People dont know Romney (4/22/12)

Extreme Intolerance: Willard Mitt Romney’s ‘Severe Conservative’ Problem

The Last Word – Romney Tries To Rewrite His Resume 

Right-Wing Extremists Stand Against Flip-Flopping, ‘Unprincipled’ Willard Mitt Romney

Mitt Romney Interview on Breitbart TV

Mitt Romney, Vietnam, & Mormon Church Discrimination

Obama adviser David Axelrod makes case for Mitt Romney for President

Axelrod » Obama Boulevard is a Dead End

In Strategy Shift, Obama Team Attacks Romney From the Left

By HELENE COOPER

“…So long, flip-flopper. Hello, right-wing extremist.

After months of depicting Mr. Romney as the ultimate squishy, double-talking, no-core soul, Team Obama is shifting gears. Senior administration officials, along with Democratic and campaign officials, all say their strategy now will be to tell the world that Mr. Romney has a core after all — and it’s deep red.

Mr. Romney’s overheard remarks at a fund-raiser in Florida on Sunday night that, if elected, he planned to slash government programs (though he has not spelled that out for the voters) gave Obama backers the perfect opening, and they jumped on it. “Mitt Romney Tells Rich Voters His Secret Plan to Cut Housing Assistance,” said a headline from ThinkProgress, a blog put out by the left-leaning Center for American Progress. Democratic officials followed that up with a call to reporters on Thursday charging that Mr. Romney’s proposal would “cut critical funds for homeless veterans.” …”

http://www.youtube.com/results?search_type=videos&search_query=democrats+paint+romney+as+right-wing+extremist&search_sort=video_date_uploaded

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Slaughtering The PIGS (Portugal, Ireland, Italy, Greece and Spain)–The Coming Defaults in Sovereign Debt–Euro Collapse–Videos

Posted on April 24, 2012. Filed under: American History, Blogroll, Communications, Demographics, Diasters, Economics, Federal Government, Federal Government Budget, Fiscal Policy, history, Inflation, Investments, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Raves, Talk Radio, Tax Policy, Taxes, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , |

Axel Merk – Euro Contagion

The Eurozone Sovereign Debt Crisis: Investment Risks and Opportunities

Inside the Issues 2.20 – Sovereign Debtors in Distress

Following the recent CIGI-INET (Institute for New Economic Thinking) conference Sovereign Debtors in Distress, Pierre Siklos explains how European countries have become indebted in an unsustainable manner, and what financial mechanisms and policy options exist for states on the verge of default. A conference participant at Sovereign Debtors, Siklos is also a CIGI Senior Fellow and director of the Viessmann European Research Centre at Wilfrid Laurier University.

CIGI-INET Sovereign Debtors: Conference Overview

The CIGI-INET partnership brings together two world-class organizations that are tackling common problems together. “Sovereign Debtors in Distress” was the first CIGI-INET conference held in Waterloo, Ontario, Canada, and focused on unraveling the complex global threat of unsustainable sovereign debt. This video, featuring comments by CIGI Executive Director Thomas Bernes, INET Executive Director Robert Johnson, and the world-leading experts who participated in this conference, provides an overview of the discussions held from February 24-26, 2012.

CIGI-INET Sovereign Debtors: Roadmap for dealing with sovereign debt crises

Sovereign Debtors in Distress conference chair Susan Schadler joins panellists Michael Bordo (Rutgers University), Lewis Alexander (Nomura) and Martin Gilman (Centre for Advanced Studies) to discuss the roadmap for dealing with sovereign debt crises in the future.

CIGI-INET Sovereign Debtors: Institutional reform for sovereign debt crises

CIGI-INET Sovereign Debtors: Lessons from the Past

European Debt Crisis Explained

Europe’s Sovereign Debt Crisis: Causes, Consequences for the United States, and Lessons Learned

Northern EUSSR countries bail out more PIGS (07Apr11)

“SORRY – NO ONE BELIEVES YOU ANY MORE” – Nigel Farage

Debating the collapsing Euro and European economies, part1/2 (21Apr12)

Debating the collapsing Euro and European economies, part2/2 (21Apr12)

Moore Says Europe Debt Default Biggest Risk for Markets

Are Central Bankers just Economic Make-up Artists, Sexing-up Prices? 

Debt-ridden Countries IMF’d as “Euro Collapse” threat lures Bailout Bucks w/Michael Hudson

Marc Faber, “The Ego of Mr. Bernanke has been Badly Inflated”

Jim Rogers on Ben Bernanke, the Dollar and “Saving the Saver”

Marc Faber the Great Depression all over again

Marc Faber – When the Government Will Take Your Gold

Stimulus High Fading, Dollar, Gold, History According to Obama

Peter Schiff on Max Keiser Report April 2012

Eurozone’s debt troubles continue

Dutch Government Resigns as Austerity Talks Fail

Euro bounces back on solid Dutch debt sale

Point Break: ‘Spain last nail in Euro-coffin’

Spain sells bonds but pays higher yields

Willem Buiter: Spain And Italy Could Default In Months Or Less

After Second Bailout, Is Greece Still Likely to Default?

Marc Faber – Is Greece Irrelevant for global Markets – 10 feb 2012

Big contrast in Iberian debt 

Spain and Italy borrowing rates soar in latest auctions

Borrowing costs for both Spain and Italy rose today in their latest auction of government bonds.

“…Spain’s borrowing rate nearly doubled in a short-term debt auction as investors fretted over the euro zone’s determination to deal with its debts.

And Italy raised nearly €3.5 billion in a short-term bond sale today but at sharply higher interest rates amid fresh concerns over the euro zone outlook, the Bank of Italy said.

The Spanish treasury said it raised €1.933 billion but the timing could hardly have been worse, with financial markets slumping on concern that Europeans are wavering in their commitment to austerity.

The sale of three-month and six-month bills came a day after Spain’s central bank declared the country had plunged back into recession in the first quarter of 2012.

Markets were shaken after a first round of French presidential elections on Sunday put Socialist Francois Hollande, who wants the euro zone to focus on growth rather than austerity, ahead of incumbent Nicolas Sarkozy. The two contenders face off in a final vote May 6.

Further undermining stability, the Netherlands’ government collapsed yesterday after failing to reach agreement over austerity measures, placing its AAA credit rating at risk. But Spain still managed to lure strong interest in the auction with overall demand outstripping supply by more than four-to-one.

The money raised was towards the top of its targeted range of €1-2 billion. But it had to pay a steep price. The borrowing rate leapt to 0.634% from 0.381% for three-month bills and to 1.58% from 0.836% for six month bills, when compared with the last similar auction on March 27.

Spain has promised to cut its public deficit – the annual shortfall of income compared to spending – to 5.3% of gross domestic product in 2012 and just 3% of GDP in 2013. Last year it had allowed the deficit to hit 8.5% of GDP – 2.5 percentage points over target.

Desperate to meet its targets, the government approved €27 billion in fiscal tightening in its 2012 budget, in addition to an earlier round of tax increases and spending cuts amounting to €15.2 billion. …”

http://www.rte.ie/news/2012/0424/spain-borrowing-rate-soars-for-short-term-debt.html

UPDATE 1-More grief for Greece as recession seen deeper

By George Georgiopoulos

“…Greece’s economy will contract a deeper than expected 5 percent this year, the country’s central bank chief said on Tuesday, piling more pressure on to a citizenry already battered by crippling austerity and record joblessness.

The projection topped a previous forecast the central bank made in March, when it projected the 215 billion euro economy would contract 4.5 percent after a 6.9 percent slump in 2011.

Twice bailed-out Greece is in its fifth consecutive year of recession.

Speaking to shareholders at the central bank’s annual assembly, George Provopoulos, also a European Central Bank Governing Council member, urged strict adherence to reform and fiscal adjustment commitments Greece has agreed with its euro zone partners, saying they were needed to return the economy to sustainable growth.

Athens is under pressure to apply more fiscal austerity to shore up its finances as part of a new rescue package agreed this year with its euro zone partners and the International Monetary Fund (IMF) to avert a chaotic default.

Its continued funding under the 130 billion euro package will hinge on meeting targets.

Provopoulos warned that Greece’s euro zone membership was at stake if it failed to follow through on its pledges, especially after national elections next month.

“If following the election doubts emerge about the new government and society’s will to implement the programme, the current favourable prospects will reverse,” he said.

Greece is set to pick a new government on May 6, with the two main parties in the current coalition seen barely securing a majority in parliament, according to the latest opinion polls.

Whoever wins will have to agree additional spending cuts of 5.5 percent of GDP, or worth about 11 billion euros for 2013-2014, and gather about another 3 billion from better tax collection to keep getting aid, the IMF has said. …”

http://www.reuters.com/article/2012/04/24/greece-cenbanker-idUSL5E8FO4VU20120424

Background Articles and Videos

 

Euro is Dead – Long Live Germany? Anger over PIGS states’ bailout

Future of the US and Europe with Nigel Farage and Lew Rockwell on

Michael Pento, Eurozone Crisis, US Housing Bailouts? – Capital Account (11/11/11)

Gerald Celente talks Trade Wars, Eurozone Breakup, and MF Global

Greek crisis & Euro collapse-On the Edge with Max Keiser-12-02-2011

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Ron Paul– The Come Back Kid– Wins Half of Delegates In Iowa (14) and Minnesota (20)–Libertarian Conservative Wins!–Videos

Posted on April 24, 2012. Filed under: Blogroll, Communications, government spending, Law, liberty, Life, Links, media, People, Philosophy, Politics, Raves, Video, Wealth | Tags: , , |

Captain Flight Surgeon Ron Paul and son

Ha Hah! Ron Paul gets the last laugh in Iowa & Minnesota MSNBC 42312

CONFIRMED: Ron Paul WON Minnesota!

Fox News Admits Ron Paul Can Win Iowa!

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The New York Times–Walter Duranty–Useful Idiots–Denial of the Holodomor–Ukraine Famine Genocide–Videos

Posted on April 22, 2012. Filed under: Agriculture, Communications, Demographics, Economics, Education, European History, Food, Foreign Policy, government spending, history, Language, Links, media, Philosophy, Politics, Raves, Religion, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , |

kiev-holodomor

holodo_dees

genocide_starvation

genocide_remembered

ukraine_statues

Kyiv Holodomor Memorial

Holodomor English

How Stalin Starved His Own People in 1932-1933. Holodomor in the UKRAINE

The Terrible Ukrainian Famine of 1932-33

The dreadful famine that engulfed Ukraine, the northern Caucasus, and the lower Volga River area in 1932-1933 was the result of the Soviet Union’s Joseph Stalin’s policy of forced collectivization. The heaviest losses occurred in Ukraine, which had been the most productive agricultural area of the Soviet Union. Stalin was determined to crush all vestiges of Ukrainian nationalism. Thus, the famine was accompanied by a devastating purge of the Ukrainian intelligentsia and the Ukrainian Communist party itself. The famine broke the peasants’ will to resist collectivization and left Ukraine politically, socially, and psychologically traumatized.

The policy of all-out collectivization instituted by Stalin in 1929 to finance industrialization had a disastrous effect on agricultural productivity. Nevertheless, in 1932 Stalin raised Ukraine’s grain procurement quotas by 44%. This meant that there would not be enough grain to feed the peasants, since Soviet law required that no grain from a collective farm could be given to the members of the farm until the government’s quota was met. Stalin’s decision and the methods used to implement it condemned millions of peasants to death by starvation. Party officials, with the aid of regular troops and secret police units, waged a merciless war of attrition against peasants who refused to give up their grain. Even indispensable seed grain was forcibly confiscated from peasant households. Any man, woman, or child caught taking even a handful of grain from a collective farm could be, and often was, executed or deported. Those who did not appear to be starving were often suspected of hoarding grain. Peasants were prevented from leaving their villages by the NKVD (secret police) and a system of internal passports.

The death toll from the 1932-33 famine in Ukraine has been estimated at between 6 to 7 Million. According to a Soviet author, “Before they died, people often lost their senses and ceased to be human beings.” Yet one of Stalin’s lieutenants in Ukraine stated in 1933 that the famine was a great success. It showed the peasants “who is the master here. It cost millions of lives, but the collective farm system is here to stay.”

New York Times Concealed Ukrainian Genocide

Talking Through My Hat Burning Down The New York Times Act 1

Burning Down The New York Times: Act II “What Holocaust?”

Burning Down The New York Times in Three Acts

New York Times Concealed Ukrainian Genocide

Holodomor English

The Ukraine Famine 1932-1933

Holodomor Ukraine 1933 (the real holocaust)

“…The killing of 10 million Christians by the jewish bolsheviks under Joseph Stalin 1932-1933 in Ukraine. These events are also known as Holodomor. …”

Ukraine famine genocide survivor interviews

Useful Idiots

Ukrainian Genocide

Background Articles and Videos

1915 AGHET – The Armenian Genocide (In English)

AGHET — A Genocide [produced by NDR (German public television)] is a new award-winning documentary made by German filmmaker Eric Friedler which compellingly proves the truth of the genocide of the Armenian people. Using the actual words of 23 German, American and other nationals who witnessed the events, and armed with archival materials, AGHET expertly takes on the challenge that PM Erdogan hurled at the world by stating: »Prove it.«
AGHET incorporates never-before-seen footage and documents — making it one of the best researched and presented documentaries on the Armenian Genocide. More than just a historic retelling of the Genocide, the film also delves into the ongoing campaign of denial that the Turkish government has mounted since these events occurred in World War I.

AGHET was debuted on NDR in April, 2010. Friedler has assembled an impeccable cast, who bring to life the original texts of German and U.S. diplomatic dispatches and eyewitness accounts, interspersed with never-before-seen footage of the Genocide and its political aftermath. The film, applauded by Nobel Prize laureate Gunter Grass, has sparked renewed debate throughout Europe. It is now being showcased around the world on television, in major film festivals and has been seen by members of the U.S. Congress.

AGHET represents a significant contribution to political and cultural awareness not only for Armenians worldwide, but also more importantly for the non-Armenian world community.

Genocide: Worse Than War | Full-length documentary | PBS

“By the most fundamental measure — the number of people killed — the perpetrators of mass murder since the beginning of the twentieth century have taken the lives of more people than have died in military conflict. So genocide is worse than war,” reiterates Goldhagen. “This is a little-known fact that should be a central focus of international politics, because once you know it, the world, international politics, and what we need to do all begin to look substantially different from how they are typically conceived.”

WORSE THAN WAR documents Goldhagen¹s travels, teachings, and interviews in nine countries around the world, bringing viewers on an unprecedented journey of insight and analysis. In a film that is highly cinematic and evocative throughout, he speaks with victims, perpetrators, witnesses, politicians, diplomats, historians, humanitarian aid workers, and journalists, all with the purpose of explaining and understanding the critical features of genocide and how to finally stop it.

History of Genocides

The Holocaust and Genocide – part 1

The Holocaust and Genocide – part 2

What is the Definition of Genocide?

Denial of the Holodomor

“…Denial of the Holodomor (Ukrainian: Заперечення Голодомору, Russian: Отрицание Голодомора) is the assertion that the 1932-1933 Holodomor, a supposedly artificial famine in Soviet Ukraine,[1] recognized as a crime against humanity by the European Parliament,[2] did not occur.[3][4][5][6]

This denial and suppression was made in official Soviet propaganda from the very beginning and until the 1980s. It was supported by some Western journalists and intellectuals.[4][5][7][8][9] It was echoed at the time of the famine by some prominent Western journalists, including Walter Duranty and Louis Fischer. The denial of the famine was a highly successful and well orchestrated disinformation campaign by the Soviet government.[3][4][5] Stalin “had achieved the impossible: he had silenced all the talk of hunger… Millions were dying, but the nation hymned the praises of collectivization”, said historian and writer Edvard Radzinsky.[5]

According to Robert Conquest, that was the first major instance of Soviet authorities adopting Hitler’s Big Lie propaganda technique to sway world opinion, to be followed by similar campaigns over the Moscow Trials and denial of the Gulag labor camp system.[10]

The famine’s existence is still disputed by some, despite a general consensus. The causes, nature and extent of the Holodomor remain topics of controversy and active scholarship.

Soviet Union

 Cover-up of the famine

Soviet leadership undertook extensive efforts to prevent the spread of any information about the famine by keeping state communications top secret and taking other measures to prevent word of the famine from spreading. When Ukrainian peasants traveled north to Russia seeking bread, Joseph Stalin and Vyacheslav Molotov sent a secret telegram to the party and provincial police chiefs with instructions to turn them back,[11] alleging Polish agents were attempting to create a famine scare. OGPU chairman Genrikh Yagoda subsequently reported that over 200,000 peasants had been turned back.

Stalin’s wife, Nadezhda Allilueva, learned about the famine from Ukrainian students at the technical school she was attending. They described acts of cannibalism[12] and bands of orphaned children. Allilueva complained to Stalin, who then ordered the OGPU to purge all the college students who had taken part in collectivization.[13]

Soviet President Mikhail Kalinin responded to Western offers of food by telling of “political cheats who offer to help the starving Ukraine,” and commented that, “only the most decadent classes are capable of producing such cynical elements.”[6][14]

In an interview with Gareth Jones in March 1933, Soviet Foreign Minister Maxim Litvinov stated, “Well, there is no famine”, and went on to say, “You must take a longer view. The present hunger is temporary. In writing books you must have a longer view. It would be difficult to describe it as hunger.”[15]

On instructions from Litvinov, Boris Skvirsky, embassy counselor of the recently opened Soviet Embassy in the United States, published a letter on January 3, 1934, in response to a pamphlet about the famine.[16] In his letter, Skvirsky stated that the idea that the Soviet government was “deliberately killing the population of the Ukraine” “wholly grotesque.” He claimed that the Ukrainian population had been increasing at an annual rate of 2 percent during the preceding five years and asserted that the death rate in Ukraine “was the lowest of that of any of the constituent republics composing the Soviet Union”, concluding that it “was about 35 percent lower than the pre-war death rate of tsarist days.”[17]

Mention of the famine was criminalized, punishable with a five-year term in the Gulag labor camps. Blaming the authorities was punishable by death.[6]

Falsification and suppression of evidence

The true number of dead was concealed. At the Kiev Medical Inspectorate, for example, the actual number of corpses, 9,472, was recorded as only 3,997. The GPU was directly involved in the deliberate destruction of actual birth and death records, as well as the fabrication of false information to cover up information regarding the causes and scale of death in Ukraine.[18] Similar falsifications of official records were widespread.[6]

The January 1937 census, the first in 11 years, was intended to reflect the achievements of Stalin’s rule. It became evident that population growth particularly in Ukraine failed to meet official targets—evidence of the mortality resulting from the famine and from associated indirect demographic losses. Those collecting the data, senior statisticians with decades of experience, were arrested and executed, including three successive heads of the Soviet Central Statistical Administration. The census data itself was locked away for half a century in the Russian State Archive of the Economy.[19][20]

The subsequent 1939 census was organized in a manner that certainly inflated data on population numbers. It showed a population figure of 170.6 million people, manipulated so as to match the numbers stated by Joseph Stalin in his report to the 18th Congress of the All-Union Communist Party that March. No other census in the Soviet Union was conducted until 1959.

Campaigns of disinformation

The Soviet Union denied all existence of the famine until its 50th anniversary, in 1983, when the world-wide Ukrainian community coordinated famine remembrance. The Ukrainian diaspora exerted significant pressure on the media and various governments, including the United States and Canada, to raise the issue of the famine with the government of the Soviet Union.

While the Soviet government admitted that some peasantry died, it also sought to launch a disinformation campaign, in February 1983, to blame drought. The head of the directorate for relations with foreign countries for the Communist Party of the Soviet Union (CPSU), A. Merkulov, charged Leonid Kravchuk, the chief idealogue for the Communist Party in Ukraine, with finding rainfall evidence for the Great Famine. This new evidence was to be sent to the Novosti press centers in the U.S. and Canada, denouncing the “antidemocratic base of the Ukrainian bourgeois Nationalists, the collaboration of the Banderists and the Hitlerite Fascists during the Second World War.”[21] Kravchuk’s inquiry into the rainfalls for the 1932-1933 period found that they were within normal parameters.[22] Nevertheless, the official position regarding drought did not change.

The United States Congress created the Commission on the Ukraine Famine in 1986. Soviet authorities were correct in their expectation that the commission would lay responsibility for the famine on the Soviet state.[23]

Increased international awareness of the famine did not dissuade Soviet authorities from further disinformation in anticipation of the 55th anniversary of the famine. In Canada, the Association of United Ukrainian Canadians (a cultural and educational organization founded in 1918 and still preserving its original pro-Communist leanings) published numerous articles denying the famine in its publications, available to the public through its bookstore outlets. In 2007, newly released correspondence confirmed instructions for the content of these materials had come directly from Soviet authorities.

Ultimately, as President of Ukraine, Kravchuk exposed the official cover-up attempts and came out in support of recognizing the famine, named the “Holodomor,”[24] as genocide.[22]

From glasnost to post-Soviet standoff

In an open letter to Mikhail Gorbachev in August 1987, veteran dissident Viacheslav Chornovil wrote about the denial of the famine:[25]

“The biggest and most infamous blank spot in the Soviet history of Ukraine is the hollow silence for over 50 years about the genocide of the Ukrainian nation organized by Stalin and his henchmen … The Great Famine of 1932-33, which took millions of human lives. In one year—1933—my people lost more than throughout all of World War II, which ravaged our land.”

It was during this period of glasnost that Soviet authorities admitted that agricultural policies played a direct role in the causing the famine.

In the post Soviet era, an independent Ukraine has officially condemned the Holodomor as an act of genocide against the Ukrainian people. The Russian Foreign Ministry counters that not only Ukrainians died in the Great Famine, that to single out Ukrainians as victims insults others who died, that the

“declaration of the tragic events of that time as act of genocide against the Ukrainian nation is a unilateral misinterpretation of history in favor of modern conformist political and ideological principles.”[26]

Contemporary denial outside of the USSR

Walter Duranty and The New York Times

According to Patrick Wright,[27] Robert C. Tucker,[28] Eugene Lyons,[29] Mona Charen[30] and Thomas Woods [31] one of the first Western Holodomor deniers was Walter Duranty, the winner of the 1932 Pulitzer prize in journalism in the category of correspondence, for his dispatches on Soviet Union (called incorrectly Russia) and the working out of the Five Year Plan.[32] While the famine was raging, he wrote in the pages of The New York Times that “Any report of a famine in Russia is today an exaggeration or malignant propaganda”, and that “There is no actual starvation or deaths from starvation, but there is widespread mortality from diseases due to malnutrition.”[29]

In his reports, Duranty downplayed the impact of food shortages in Ukraine, although in private he told Eugene Lyons and reported to the British Embassy that the population of Ukraine and Lower Volga had “decreased” by six to seven million.[33] While other Western reporters reported the famine conditions as best they could due to Soviet censorship and restrictions on visiting areas affected by the famine, Duranty’s reports frequently echoed the official Soviet view. As Duranty wrote in a dispatch from Moscow in March 1933, “Conditions are bad, but there is no famine… But—to put it brutally—you can’t make an omelet without breaking eggs.”[34]

Duranty wrote articles denying that the Holodomor was taking place in Ukraine. He also wrote denunciations of those who wrote about the famine, accusing them of being reactionaries and anti-Bolshevik propagandists. Duranty repeated Soviet propaganda without verifying its veracity. As the New York Times notes: “Taking Soviet propaganda at face value this way was completely misleading, as talking with ordinary Russians might have revealed even at the time.”[34]

In August 1933, Cardinal Theodor Innitzer of Vienna called for relief efforts, stating that the Ukrainian famine was claiming lives “likely… numbered… by the millions” and driving those still alive to infanticide and cannibalism. The New York Times, August 20, 1933, reported Innitzer’s charge and published an official Soviet denial: “in the Soviet Union we have neither cannibals nor cardinals”. The next day, the Times added Duranty’s own denial.

Some historians consider Duranty’s reports from Moscow to be crucial in the decision taken by President Franklin D. Roosevelt to grant the Soviet Union diplomatic recognition in 1933.[35] Bolshevik Karl Radek said that was indeed the case.[4]

British journalist Malcolm Muggeridge (who went hopefully to live in the New Civilization in 1932, but soon became disillusioned) said of Duranty that he “always enjoyed his company; there was something vigorous, vivacious, preposterous, about his unscrupulousness which made his persistent lying somehow absorbing” [36] Muggeridge characterised Duranty as “the greatest liar of any journalist I have met in 50 years of journalism.”[37] Others have characterized Duranty as “the number one Useful Idiot for Lenin first, and later for Stalin.[38]

Campaigns were launched in 1986 for the retraction of the Pulitzer Prize given to The New York Times. The paper, however, declined to relinquish it, arguing that Duranty received the prize for his reporting several years before the occurrence of the famine.[39] While conceding that Duranty’s coverage of the famine has since been “largely discredited”, the Times noted that:

Duranty’s cabled dispatches had to pass Soviet censorship, and Stalin’s propaganda machine was powerful and omnipresent. Duranty’s analyses relied on official sources as his primary source of information, accounting for the most significant flaw in his coverage – his consistent underestimation of Stalin’s brutality.

The New York Times also acknowledges that “some of Duranty’s editors criticized his reporting as tendentious”, and that “collectivization was the main cause of a famine that killed millions of people in Ukraine, the Soviet breadbasket, in 1932 and 1933 – two years after Duranty won his prize.”[34]

Louis Fischer and The Nation

Next to Duranty, the American reporter most consistently willing to gloss Soviet reality was Louis Fischer, who had a deep ideological commitment to Soviet communism dating back to 1920. When Fischer traveled to Ukraine in October and November 1932, for The Nation, he was alarmed at what he saw. “In the Poltava, Vinnitsa, Podolsk and Kiev regions, conditions will be hard”, he wrote, “I think there is no starvation anywhere in Ukraine now — after all they have just gathered in the harvest, but it was a bad harvest.”

Initially critical of the Soviet grain procurement program because it created the food problem, Fischer by February 1933 adopted the official Soviet government view, which blamed the problem on Ukrainian counter-revolutionary nationalist “wreckers.” It seemed “whole villages” had been “contaminated” by such men, who had to be deported to “lumbering camps and mining areas in distant agricultural areas which are now just entering upon their pioneering stage.” These steps were forced upon the Kremlin, Fischer wrote, but the Soviets were, nevertheless, learning how to rule wisely.

Fischer was on a lecture tour in the United States when Gareth Jones’ famine story broke. Speaking to a college audience in Oakland, California, a week later, Fischer stated emphatically: “There is no starvation in Russia.” He spent the spring of 1933 campaigning for American diplomatic recognition of the Soviet Union. As rumors of a famine in the USSR reached American shores, Fischer vociferously denied the reports.

Fischer’s article entitled “Russia’s Last Hard Year”, stated, “The first half of 1933 was very difficult indeed. Many people simply did not have sufficient nourishment.” Fischer blamed poor weather and the refusal of peasants to harvest the grain, which then rotted in the fields. Government requisitions drained the countryside of food, he admitted, but military needs (a potential conflict with Japan) explained the need for such deadly thoroughness in grain collections.[40]

Fischer maintained his general optimism about the Soviet Union through the publication of his Soviet Journey in 1935. The book devoted three pages to a discussion of the famine of 1932-1933, in which Fischer described his October travels through Ukraine. He told of food left rotting in the fields as the result of peasants’ “passive resistance.” Fischer blamed the peasants directly for having “brought the calamity upon themselves.” Fischer stressed the positive results ensuing from Bolshevik victory in the countryside, and connected the famine to peasant action (or inaction).[40]

 Holodomor denial by prominent visitors to the USSR

Prominent British writers who visited the Soviet Union in 1934, such as George Bernard Shaw and H. G. Wells, are also on record as denying the existence of the Famine in Ukraine.[5][41]

In 1934 the British Foreign Office in the House of Lords stated that there was no evidence to support the allegations against the Soviet government regarding the Famine in Ukraine, based on the testimony of Sir John Maynard, a renowned famine expert who visited Ukraine in the summer of 1933 and rejected “tales of famine-genocide propagated by the Ukrainian Nationalists”.[citation needed]

The height of manipulation was reached during a visit to Ukraine carried out between August 26 and September 9, 1933, by French Prime Minister Édouard Herriot, who denied accounts of the famine and said that Soviet Ukraine was “like a garden in full bloom”.[3] The day before his arrival, all beggars, homeless children and starving people were removed from the streets. Shop windows in local stores were filled with food, but purchases were forbidden, and anyone coming too close to the stores was arrested. The streets were washed. Just like all other Western visitors, Herriot met fake “peasants”, all selected Communists or Komsomol members, who showed him healthy cattle.[42] Herriot declared to the press that there was no famine in Ukraine, that he did not see any trace of it, and that this showed adversaries of the Soviet Union were spreading the rumour. “When one believes that the Ukraine is devastated by famine, allow me to shrug my shoulders”, he declared. The September 13, 1933 issue of Pravda was able to write that Herriot “categorically contradicted the lies of the bourgeoisie press in connection with a famine in the USSR.”[43]

The lack of knowledge of the famine was observed by English writer George Orwell, who commented that “huge events like the Ukraine famine of 1933, involving the deaths of millions of people, have actually escaped the attention of the majority of English Russophiles”.[44] In 1945, Orwell wrote,

[I]t was considered equally proper to publicise famines when they happened in India and to conceal them when they happened in the Ukraine. And if this was true before the war, the intellectual atmosphere is certainly no better now.[45]

Nigel Colley has written on the influence of the Ukrainian Famine, and the Holodomor denial of Duranty, on Orwell’s book Animal Farm.[46]

http://en.wikipedia.org/wiki/Denial_of_the_Holodomor

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Anne Robert Jacques Turgot

Posted on April 21, 2012. Filed under: Blogroll, Communications, Economics, government, government spending, history, History of Economic Thought, Inflation, Law, liberty, Life, People, Philosophy, Politics, War, Wisdom | Tags: , , , , |

Reflections on the Formation and Distribution of Wealth. by Turgot

http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/turgot/reflecti

The Brilliance of Turgot

by Murray N. Rothbard

http://www.lewrockwell.com/rothbard/rothbard243.html

Life and Works of Anne Robert Jacques Turgot

David M. Hart*

“…During the first period Turgot combined economic and legal reform with a concerted propaganda effort to defend these reforms in a series of memoirs, memos and formal opinions which were disseminated both within the government and published publically. His attempted reforms were extensive and comprised a veritable “revolution in government”. Had they succeeded the French old regime might well have opened up its economy, overcome its internal economic problems and thus averted the Revolution which was to break out in 1789. Turgot aimed to make taxation more equitably based, to spend tax revenue on roads and other infrastructure, to replace forced labour obligations (such as the corvée) with paid labour, to end military requisitioning of goods and transport, and to make service in the local militia voluntary. These reforms were accompanied by the publication of his most important economic works such as the Mémoire sur les prêts d’argent (1770); Lettres sur la liberté du commerce des grains (1770) addressed to the Abbot Terray in an effort to prevent the free trade legislation of 1764 from being revoked; and his major work Réflexions sur la formation et la distribution des richesses (1766) which is one of the clearest statements of the Physiocratic position.

What emerges from these works is a clearly articulated and impassioned defense of individual and economic liberty. One key point is that Turgot did not share his fellow Physiocrats’ faith in enlightened despotism, preferring a notion of political liberty (such as constitutional limits on royal power and strong regional government) more in keeping with Montesquieu’s ideas. When the American Revolution broke out he followed events there with a keen interest.

The death of King Louis XV in May 1774 gave Turgot his second opportunity to introduce free market reforms to France. The new king Louis XVI appointed Turgot first as Minister of the Navy and then as Finance Minster from 1774-76. As Finance Minister Turgot attempted to reproduce on a larger scale the reforms he had pioneered at Limoges. In his Six Edicts of 17764 Turgot tried to bring an end to official corruption and to military requisitioning, to abolish many local monopolies, to introduce banking and taxation reforms, and to return to internal free trade in grain.

Unfortunately, his efforts failed as a result of the political inexperience of the new king, the ability of the vested interests who were being harmed by reform to organize against it, and the food riots which broke out as consequence of a food shortage and rising prices (the famous “guerre des farines”). Turgot was forced to resign in May 1776 and France’s experiment in free market reform came to an abrupt end. …”

http://www.econlib.org/library/Essays/TurgotBio.html

 

Anne-Robert-Jacques Turgot, Baron de Laune

Anne-Robert-Jacques Turgot, Baron de Laune (10 May 1727 – 18 March 1781), often referred to as Turgot, was a French economist and statesman. Turgot was a student of Francois Quesnay and as such belonged to the Physiocratic school of economic thought. Today he is best remembered as an early advocate for economic liberalism.

Education

Born in Paris, he was the youngest son of Michel-Étienne Turgot, “Provost of the merchants” of Paris, and Madeleine Francoise Martineau de Brétignolles, and came of an old Norman family.[1] He was educated for the Church, and at the Sorbonne, to which he was admitted in 1749 (being then styled abbé de Brucourt). He delivered two remarkable Latin dissertations, On the Benefits which the Christian Religion has conferred on Mankind, and On the Historical Progress of the Human Mind. The first sign we have of his interest in economics is a letter (1749) on paper money, written to his fellow student the abbé de Cicé, refuting the abbé Jean Terrasson’s defence of John Law’s system. He was fond of verse-making, and tried to introduce into French verse the rules of Latin prosody, his translation of the fourth book of the Aeneid into classical hexameter verses being greeted by Voltaire as the only prose translation in which he had found any enthusiasm.

He decided not to take holy orders, giving as his reason, according to Dupont de Nemours, “that he could not bear to wear a mask all his life.”[citation needed]

Idea of Progress

The first complete statement of the Idea of Progress is that of Turgot, in his “A Philosophical Review of the Successive Advances of the Human Mind” (1750). For Turgot progress covers not simply the arts and sciences but, on their base, the whole of culture—manner, mores, institutions, legal codes, economy, and society.[2]

Early appointments

In 1752 he became substitut, and later conseiller in the parlement of Paris, and in 1753 maître des requêtes. In 1754 he was a member of the chambre royale which sat during an exile of the parlement. In Paris he frequented the salons, especially those of Mme de Graffigny—whose niece, Mlle de Ligniville (“Minette”), later Mme Helvétius, he is supposed at one time to have wished to marry; they remained lifelong friends—Mme Geoffrin, Mme du Deffand, Mlle de Lespinasse and the duchesse d’Enville. It was during this period that he met the leaders of the “physiocratic” school, Quesnay and Vincent de Gournay, and with them Dupont de Nemours, the abbé Morellet and other economists.

In 1743 and 1756 he accompanied Gournay, the intendant of commerce, during Gournay’s tours of inspection in the provinces. (Gournay’s bye-word on the government’s proper involvement in the economy — “laisser faire, laisser passer” — would pass into the vocabulary of economics.) In 1760, while travelling in the east of France and Switzerland, he visited Voltaire, who became one of his chief friends and supporters. All this time he was studying various branches of science, and languages both ancient and modern. In 1753 he translated the Questions sur le commerce from the English of Josias Tucker, and in 1754 he wrote his Lettre sur la tolérance civile, and a pamphlet, Le Conciliateur, in support of religious tolerance. Between 1755 and 1756 he composed various articles for the Encyclopédie,[3] and between 1757 and 1760 an article on Valeurs des monnaies, probably for the Dictionnaire du commerce of the abbé Morellet. In 1759 appeared his work Eloge de Gournay.

 

Intendant of Limoges, 1761-74

In August 1761 Turgot was appointed intendant (tax collector) of the genéralité of Limoges, which included some of the poorest and most over-taxed parts of France; here he remained for thirteen years. He was already deeply imbued with the theories of Quesnay and Gournay, and set to work to apply them as far as possible in his province. His first plan was to continue the work, already initiated by his predecessor Tourny, of making a fresh survey of the land (cadastre), in order to arrive at a more just assessment of the taille ; he also obtained a large reduction in the contribution of the province. He published his Avis sur l’assiette et la repartition de la taille (1762–1770), and as president of the Société d’agriculture de Limoges offered prizes for essays on the principles of taxation. Quesnay and Mirabeau had advocated a proportional tax (impôt de quotité),[4] but Turgot proposed a distributive tax (impôt de repartition). Another reform was the substitution for the corvée of a tax in money levied on the whole province, the construction of roads being handed over to contractors, by which means Turgot was able to leave his province with a good system of highways, while distributing more justly the expense of their construction.

In 1769 he wrote his Mémoire sur les prêts à intérêt, on the occasion of a scandalous financial crisis at Angoulême, the particular interest of which is that in it the question of lending money at interest was for the first time treated scientifically, and not merely from the ecclesiastical point of view. Turgot’s opinion was that a compromise had to be reached between both methods. Among other works written during Turgot’s intendancy were the Mémoire sur les mines et carrières, and the Mémoire sur la marque des fers, in which he protested against state regulation and interference and advocated free competition. At the same time he did much to encourage agriculture and local industries, among others establishing the manufacture of porcelain at Limoges. During the famine of 1770–1771 he enforced on landowners “the obligation of relieving the poor” and especially the métayers dependent upon them, and organized in every province ateliers and bureaux de charité for providing work for the able-bodied and relief for the infirm, while at the same time he condemned indiscriminate charity. It may be noted that Turgot always made the curés the agents of his charities and reforms when possible. It was in 1770 that he wrote his famous Lettres sur la liberté du commerce des grains, addressed to the controller-general, the abbé Terray. Three of these letters have disappeared, having been sent to Louis XVI by Turgot at a later date and never recovered, but those remaining demonstrate that free trade in grain is to the interest of landowner, farmer and consumer alike, and in forcible terms demand the removal of all restrictions..

Turgot’s Réflexions

Turgot’s best known work, Réflexions sur la formation et la distribution des richesses (Reflections on the Formation and Distribution of Wealth), was written early in the period of his intendancy, ostensibly for the benefit of two young Chinese students.[5] Written in 1766, it appeared in 1769–1770 in Dupont’s journal, the Ephémérides du citoyen, and was published separately in 1776. Dupont, however, made various alterations in the text, in order to bring it more into accordance with Quesnay’s doctrines, which led to a “friendship” between him and Turgot.[citation needed]

In the Réflexions, after tracing the origin of commerce, Turgot develops Quesnay’s theory that the land is the only source of wealth, and divides society into three classes, the productive or agricultural, the salaried (the classe stipendice) or artisan class, and the land-owning class (classe disponible). After discussing the evolution of the different systems of cultivation, the nature of exchange and barter, money, and the functions of capital, he sets forth the theory of the impôt unique, i.e. that only the net product (produit net) of the land should be taxed. In addition he demanded the complete freedom of commerce and industry.

Turgot as minister, 1774-76

Turgot owed his appointment as minister of the navy in July 1774 to Maurepas, the “Mentor” of Louis XVI, to whom he was warmly recommended by the abbé Very, a mutual friend. His appointment met with general approval, and was hailed with enthusiasm by the philosophes. A month later (24 August) he was appointed controller-general. His first act was to submit to the king a statement of his guiding principles: “No bankruptcy, no increase of taxation, no borrowing.” Turgot’s policy, in face of the desperate financial position, was to enforce the most rigid economy in all departments. All departmental expenses were to be submitted for the approval of the controller-general, a number of sinecures were suppressed, the holders of them being compensated, and the abuse of the acquits au comptant was attacked, while Turgot appealed personally to the king against the lavish giving of places and pensions. He also contemplated a thorough-going reform of the Ferme Générale, but contented himself, as a beginning, with imposing certain conditions on the leases as they were renewed—such as a more efficient personnel, and the abolition for the future of the abuse of the croupes (the name given to a class of pensions), a reform which Terray had shirked on finding how many persons in high places were interested in them, and annulling certain leases, such as those of the manufacture of gunpowder and the administration of the royal mails, the former of which was handed over to a company with the scientist Lavoisier as one of its advisers, and the latter superseded by a quicker and more comfortable service of diligences which were nicknamed “turgotines”. He also prepared a regular budget. Turgot’s measures succeeded in considerably reducing the deficit, and raised the national credit to such an extent that in 1776, just before his fall, he was able to negotiate a loan with some Dutch bankers at 4%; but the deficit was still so large as to prevent him from attempting at once to realize his favourite scheme of substituting for indirect taxation a single tax on land. He suppressed, however, a number of octrois and minor duties, and opposed, on grounds of economy, the participation of France in the American Revolutionary War, though without success.

Turgot at once set to work to establish free trade in grain, but his edict, which was signed on 13 September 1774, met with strong opposition even in the conseil du roi. A striking feature was the preamble, setting forth the doctrines on which the edict was based, which won the praise of the philosophes and the ridicule of the wits; this Turgot rewrote three times, it is said, in order to make it “so clear that any village judge could explain it to the peasants.” The opposition to the edict was strong. Turgot was hated by those who had been interested in the speculations in grain under the regime of the abbé Terray, among whom were included some of the princes of the blood. Moreover, the commerce des blés had been a favourite topic of the salons for some years past, and the witty Galiani, the opponent of the physiocrats, had a large following. The opposition was now continued by Linguet and by Necker, who in 1775 published his Essai sur la législation et le commerce des grains. But Turgot’s worst enemy was the poor harvest of 1774, which led to a slight rise in the price of bread in the winter and early spring of 1774 – 1775. In April disturbances arose at Dijon, and early in May there occurred those extraordinary bread-riots known as the guerre des farines, which may be looked upon as a first sample of the French Revolution, so carefully were they organized. Turgot showed great firmness and decision in repressing the riots, and was loyally supported by the king throughout. His position was strengthened by the entry of Malesherbes into the ministry (July 1775).

All this time Turgot had been preparing his famous Six Edicts, which were finally presented to the conseil du roi (January 1776). Of the six edicts four were of minor importance, but the two which met with violent opposition were, firstly, the edict suppressing the corvées, and secondly, that suppressing the jurandes and maîtrises, by which the craft guilds maintained their privileges. In the preamble to the former Turgot boldly announced as his object the abolition of privilege, and the subjection of all three Estates of the realm to taxation; the clergy were afterwards excepted, at the request of Maurepas. In the preamble to the edict on the jurandes he laid down as a principle the right of every man to work without restriction. He obtained the registration of the edicts by the lit de justice of 12 March, but by that time he had nearly everybody against him. His attacks on privilege had won him the hatred of the nobles and the parlements ; his attempted reforms in the royal household, that of the court; his free trade legislation, that of the financiers ; his views on tolerance and his agitation for the suppression of the phrase that was offensive to Protestants in the king’s coronation oath, that of the clergy; and his edict on the jurandes, that of the rich bourgeoisie of Paris and others, such as the prince de Conti, whose interests were involved. The queen disliked him for opposing the grant of favours to her proteges, and he had offended Mme. de Polignac in a similar manner.

All might yet have gone well if Turgot could have retained the confidence of the king, but the king could not fail to see that Turgot had not the support of the other ministers. Even his friend Malesherbes thought he was too rash, and was, moreover, himself discouraged and wished to resign. The alienation of Maurepas was also increasing. Whether through jealousy of the ascendancy which Turgot had acquired over the king, or through the natural incompatibility of their characters, he was already inclined to take sides against Turgot, and the reconciliation between him and the queen, which took place about this time, meant that he was henceforth the tool of the Polignac clique and the Choiseul party. About this time, too, appeared a pamphlet, Le Songe de M. Maurepas, generally ascribed to the comte de Provence (Louis XVIII), containing a bitter caricature of Turgot.

Before relating the circumstances of Turgot’s fall we may briefly resume his views on the administrative system. With the physiocrats, he believed in an enlightened political absolutism, and looked to the king to carry through all reforms. As to the parlements, he opposed all interference on their part in legislation, considering that they had no competency outside the sphere of justice. He recognized the danger of the recap of the old parlement, but was unable effectively to oppose it since he had been associated with the dismissal of Maupeou and Terray, and seems to have underestimated its power. He was opposed to the summoning of the states-general advocated by Malesherbes (6 May 1775), possibly on the ground that the two privileged orders would have too much power in them. His own plan is to be found in his Mémoire sur les municipalités, which was submitted informally to the king. In Turgot’s proposed system, landed proprietors alone were to form the electorate, no distinction being made among the three orders; the members of the town and country municipalités were to elect representatives for the district municipalités, which in turn would elect to the provincial municipalités, and the latter to a grande municipalité, which should have no legislative powers, but should concern itself entirely with the administration of taxation. With this was to be combined a whole system of education, relief of the poor, etc. Louis XVI recoiled from this as being too great a leap in the dark, and such a fundamental difference of opinion between king and minister was bound to lead to a breach sooner or later. Turgot’s only choice, however, was between “tinkering” at the existing system in detail and a complete revolution, and his attack on privilege, which might have been carried through by a popular minister and a strong king, was bound to form part of any effective scheme of reform.

American Revolution

As minister of the navy from 1774 to 1776, he opposed financial support for the American Revolution. He believed in the virtue and inevitable success of the revolution but warned that France could neither financially nor socially afford to overtly aid it. French intellectuals saw America as the hope of mankind and magnified American virtues to demonstrate the validity of their ideals. Turgot, however, emphasized what he believed were American inadequacies. He complained that the new American state constitutions failed to adopt the physiocratic principle of distinguishing for purposes of taxation between those who owned land and those who did not, the principle of direct taxation of property holders had not been followed, and a complicated legal and administrative structure had been created to regulate commerce. On the social level, Turgot and the philosophes suffered further disappointment: a religious oath was required of elected officials and slavery was not abolished. Turgot died in 1781 before the conclusion of the war. Although disappointed, Turgot never doubted positive evolution.[6]   …”

http://en.wikipedia.org/wiki/Anne-Robert-Jacques_Turgot,_Baron_de_Laune

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Lewis J. Spellman Interviews Dr. Lacy Hunt–Roadblocks to Recovery–Videos

Posted on April 20, 2012. Filed under: American History, Banking, Blogroll, Business, College, Communications, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, History of Economic Thought, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Music, People, Philosophy, Politics, Public Sector, Rants, Raves, Tax Policy, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , |

Roadblocks to Recovery an Interview with Dr. Lacy Hunt

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Posted on April 20, 2012. Filed under: Banking, Business, College, Communications, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, Investments, Law, liberty, Life, Links, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Raves, Strategy, Tax Policy, Taxes, Unions, Wealth, Wisdom | Tags: , , , , , , , |

The Morass of Debt 1

The Morass of Debt 2

The Morass of Debt 3

Bernanke out of options to heal U.S. economy, says economist

FOMC and the prospects for QE3

“…Dr. Lacy Hunt, Ph.D.
Hoisington Investments

Dr. Lacy H. Hunt, an internationally known economist, is Executive Vice President of Hoisington Investment Management Company, a firm that manages $5 billion for pension funds, endowments, insurance companies and others.  He is also Chief Economist of the Wasatch Hoisington Treasury Bond Fund, a no load mutual fund that invest in U.S. Treasury securities, and Vice-Chairman of Hoisington Management’s strategic investment policy committee.

Lacy Hunt is the author of two books, and numerous articles in leading magazines, periodicals and scholarly journals.  Included among the publishers of his articles are. Barron’s, The Wall Street Journal, The New York Times, The Christian Science Monitor, the Journal of Finance, the Financial Analysts Journal, the Journal of Portfolio Management and Standard and Poor’s Credit Week.

Dr. Hunt has been quoted by The Wall Street Journal, The New York Times, BusinessWeek, Barron’s, Time, Newsweek, U.S. News and World Report, Investor’s Business Daily, and many other domestic periodicals.  Among the foreign press, Dr. Hunt’s views have appeared in The Financial Times, the Nihon Keizai Shinbun, the South China Post, The International Herald Tribune and The Straight Times.  He has been a guest on PBS on The Nightly Business Report, The News Hour, and Wall Street Week.  He has been on CNN shows Moneyline, and Business Morning and on CNBC’s Squawk Box and World Business.  He has also appeared on CBS Evening News, NBC’s Today Show, and ABC’s World News Tonight.

He has made numerous presentations in all the major financial and economic centers in Europe, Asia, the Middle East, Africa and North America.  He has appeared on radio and television outside of the United States, including The BBC, NHK and TV Tokyo.  Dr. Hunt has testified before various committees of Congress, including House Ways and Means, Senate Finance and Senate Banking.

Previously, he was Chief U.S. Economist for the HSBC Group, one of the world’s largest banks, Executive Vice President and Chief Economist at Fidelity Bank and Vice President for Monetary Economics at Chase Econometrics Associates, Inc.  A native of Texas, Dr. Hunt has served as Senior Economist for the Federal Reserve Bank of Dallas.

He earned his BA from the University of the South (1964), his MBA from the Wharton School of the University of Pennsylvania (1966), and his Ph.D. in Economics from the Fox School of Business and Management of Temple University (1969).

Dr. Hunt has served on the Board of Trustees of Temple University since 1987.  He has been a distinguished visiting professor at the University of the South and Temple University and presented at several conferences and business forums of the University of Pennsylvania.  In 2006, he carried the 40th Reunion Banner for Wharton Graduate 1966 Class at the graduation ceremonies.

He received the Abramson Award from the National Association for Business Economics for “outstanding contributions in the field of business economics.” He is a life member of the American Finance Association.  He was a member of the Economic Advisory Board of the American Bankers Association and Chairman of the Economic Advisory Board of the Pennsylvania Bankers Association.  He served on the Monetary and Fiscal Policy Affairs Committee of the National Chamber of Commerce.  He was a member of The Money Marketeers of New York University

A descendant of pioneer families of Texas and America, he is a member of the Society of Mayflower Descendants, the Sons of the American Revolution, the Sons of the Republic of Texas and the Saint Andrew’s Society of New York.  He serves on the Board of Directors of the Texas Historical Foundation.  In college he was a member of the Kappa Sigma fraternity. …”

http://www.cfahouston.org/cde.cfm?event=221039

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Posted on April 20, 2012. Filed under: American History, Banking, Books, Business, College, Communications, Demographics, Diasters, Economics, Education, Employment, Energy, European History, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, history, History of Economic Thought, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Rants, Raves, Tax Policy, Taxes, Unions, Video, Wealth, Wisdom | Tags: , , , , , , , , , , |

Professor Lew Spellman

US Sovereign Risk Part 1-1: Reality Bites Introduction

US Sovereign Risk Part 1-2: Reality Bites Introduction

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    US Sovereign Risk Part 6: Capital Safe Havens

The Spellman Report

“…Professor Lew Spellman Lew Spellman has taught financial markets at the McCombs School of Business at the University of Texas at Austin, where he  is  Professor of Finance since the 1970s. He has also been on the faculty of Stanford University, the LBJ School of Public Affairs, the UT School of Law, and the University of California, Berkeley.

Professor Spellman’s teaches financial markets and institutions at both the graduate and undergraduate level with an emphasis on analyzing and interpreting current financial market trends and policy developments.  His academic publications appear in the Journal of Finance, Journal of Financial and Quantitative Analysis, The Journal of Money, Credit and Banking and the Journal of Banking and Finance among others. He is author of The Depositor Firm and Industry: History, Theory and Regulation.

His experience outside of academics includes government service as Assistant to the Chairman of the President’s Council of Economic Advisors and Economist with the Federal Reserve Board. His published works generally concern the market pricing of financial institution claims. Professor Spellman’s business interests include serving as Director and Chairman of Investments, Magna Carta Insurance Companies. Previously, he served as Chairman and CEO of Real Rate Financial and Electronic Exchange Technologies. He holds several U.S. patents relating to inflation adjusting financial instruments that led to the development of the Treasury TIPS instrument.

Lew Spellman holds the degrees of BBA and MBA from the University of Michigan and MA and PhD in economics from Stanford University. …”

http://thespellmanreport.com/about/

 

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Tom A. Coburn–The Debt Bomb: A Bold Plan To Stop Washington From Bankrupting America–Videos

Posted on April 17, 2012. Filed under: American History, Blogroll, Business, College, Communications, Demographics, Economics, Education, Employment, Energy, Federal Government, Federal Government Budget, government, government spending, Health Care, history, Investments, Language, Law, liberty, Life, Links, Macroeconomics, People, Philosophy, Politics, Rants, Raves, Regulations, Tax Policy, Taxes, Unemployment, Video, War, Wealth, Weapons, Wisdom | Tags: , , , , , , , , , , , , , , |

“…Overview

In a nation whose debt has outgrown the size of its entire economy, the greatest threat comes not from any foreign force but from Washington politicians who refuse to relinquish the intoxicating power to borrow and spend. Senator Tom Coburn reveals the fascinating, maddening story of how we got to this point of fiscal crisis-and how we can escape.

Long before America’s recent economic downturn, beltway politicians knew the U.S. was going bankrupt. Yet even after several so-called “change” elections, the government has continued its wasteful ways in the face of imminent danger. With passion and clarity, Coburn explains why Washington resists change so fiercely and offers controversial yet commonsense solutions to secure the nation’s future.

At a time when millions of Americans are speculating about what is broken in Washington, The Debt Bomb is a candid, thoughtful, non-partisan expose of the real problems inside our government. Coburn challenges the conventional wisdom that blames lobbyists, gridlock, and obstructionism, and places the responsibility squarely where it belongs: on members of Congress in both parties who won’t let go of the perks of power to serve the true interests of the nation-unless enough citizens take bold steps to demand action.

“Democracy never lasts long. It soon wastes, exhausts, and murders itself. There was never a democracy yet that did not commit suicide.” -John Adams

Throughout a distinguished career as a business owner, physician, and U.S. senator, Tom Coburn has watched his beloved republic careen down a suicidal path. Today, the nation stands on the precipice of financial ruin, a disaster far more dangerous to our safety than any terrorist threats we face. Yet Coburn believes there is still hope-if enough Americans are willing to shake the corridors of Washington and demand action.

With an insider’s keen eye and a caregiver’s deft touch, Coburn diagnoses the mess that career politicians have made of things while misusing their sacred charge to govern.

Coburn’s incisive analysis:

· Reveals the root causes of America’s escalating financial crisis

· Exposes Washington’s destructive appetite for wasteful spending, power grabs, backroom deals, and quick non-fixes

· Rises above partisanship to implicate elected officials of all stripes in steering the nation off course

· Lays out a commonsense guide to restoring order

· Concludes with a clarion call and sound advice for Americans who would dedicate themselves to defusing the debt bomb

Above all, Coburn believes the United States can continue as a beacon of opportunity for future generations-but how we act today will determine whether we deliver the nation to our children and grandchildren fully alive, on life support, or without a pulse. …”

http://www.barnesandnoble.com/w/the-debt-bomb-md-tom-a-coburn-tom-a/1106523522

U.S. Debt Clock

http://www.usdebtclock.org/

US National Debt Growing Faster Than GDP (4/9/2012)

U.S. National Debt Documentary Part 1

 

U.S. National Debt Documentary Part 2

U.S. National Debt Documentary Part 3 

U.S. National Debt Documentary Part 4

U.S. National Debt Documentary Part 5

 

The award-winning documentary I.O.U.S.A. opened up America’s eyes to the consequences of our nation’s debt and the need for our government to show more fiscal responsibility. Now that more Americans and elected officials are aware of our fiscal challenges, the producers of I.O.U.S.A. created I.O.U.S.A.: Solutions, a follow-up special focusing on solutions to the fiscal crisis. Learn more at http://www.iousathemovie.com/.

IOUSA Solutions: Part 1 of 5 

IOUSA Solutions: Part 2 of 5 

IOUSA Solutions: Part 3 of 5 

IOUSA Solutions: Part 4 of 5 

IOUSA Solutions: Part 5 of 5 

 

Krauthammer: Obama’s debt increase “radical, unprecedented”

[yotube=http://www.youtube.com/watch?v=oyyocogAgwY]

Exclusive Video  Tony Robbins Deconstructs the National Debt

Dr. Coburn on CNBC’s Mad Money discussing the budget deficit facing the U.S. 

(Thursday, June 10 2010) Jim Cramer discusses importance of getting a handle on the national debt, the current budget deficit, and ways to expand Congress’ knowledge of economics and budgeting by cutting spending.

Coburn on CNBC’s Squawk Box: Healthcare Law Huge Contributor to Debt, Deficit 

Oklahoma Senator Tom Coburn Blasts Everyone in New Book: Buzz Politics 4.17 

Coburn Urging the Senate to End Duplication, Pass Amendment that Saves $10 Billion

HSGAC Hearing on Reducing Duplication

(Wednesday, March 21 2012) Dr. Coburn stressing the importance of taking advantage of the GAO’s recommendations for eliminating duplication and savings hundreds of billions in taxpayer dollars in today’s HSGAC hearing titled, “Retooling Government for the 21st Century: The President’s Reorganization Plan and Reducing Duplication”.

Coburn on The Kudlow Report on Problems w/ Obamacare & Gov’t-run Healthcare 

Military spending, collapse of US empire 

Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending

Four Reasons Why Big Government Is Bad Government 

David Walker – America at a Crossroads 

It’s Simple to Balance The Budget Without Higher Taxes

Eight Reasons Why Big Government Hurts Economic Growth 

Free Markets and Small Government Produce Prosperity 

Deficits are Bad, but the Real Problem is Spending 

Spending Restraint, Part I: Lessons from Ronald Reagan and Bill Clinton 

Spending Restraint, Part II: Lessons from Canada, Ireland, Slovakia, and New Zealand 

Background Articles and Videos

Debt and Deficit in a Nutshell

Coburn book “The Debt Bomb” hits the shelf today

By Rick Couri

“…Senator Tom Coburn hates it when taxpayer money is wasted. Now he has a new book out that points directly at the people and organizations he thinks are the worst offenders. The book is called “The Debt Bomb” and he holds no punches. “We lack the courage to do what’s in the best long term interest of the country because we always put short term political considerations first” he explained.

The Senator says the book is easy to follow because it goes step by step “first of all we tell the story of where we are and how we got here” he said. So how did we get here? Coburn says it all stems from what he calls careerism. “Careerism tends to make members of congress do what’s best for their re-election and not what’s best for the country.”  Coburn told us people who hold elected office are always careful to pick the timing of their battles “we’re always waiting for the right moment to fix things well guess what, that right moment doesn’t come.” …”

http://www.krmg.com/news/news/local/coburn-book-debt-bomb-hits-shelf-today/nMbXy/

Related Posts On Pronk Palisades

Senator Tom Coburn–A Real Conservative and An Excellent Vice-President Candidate

Tea Party Candidates And Elected Officials New Gold Standard For Balanced And Surplus Budgets, Lower Debt Ceilings and Tax Reform: Fiscal Responsibility Pledge To The American People–Videos

The Pronk Plan for A Peace and Prosperity Economy–Videos

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Eat The Rich–Obama’s Big Distraction And Big Lie: The Buffett Rule Tax and The Rich Do Not Pay Their Fair Share–Class Warfare Progressive Propaganda–Videos

Posted on April 16, 2012. Filed under: American History, Banking, Business, Communications, Economics, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, Investments, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Tax Policy, Unemployment, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , |

Buffett Rule Rebuffed

EAT THE RICH!

Weekly Address: Passing the Buffett Rule So That Everyone Pays Their Fair Share

Priebus: Buffett Tax A Shiny Object That Would Raise Just 11 Hours Of Revenue

Steve Hayes – Buffet Tax meaningless

Gene Sperling on the Buffett Rule

Interview – The Buffett Tax: Anything But “Fair”

Real News: Buffett Rule Tax Reform

GBR: Lies from Warren Buffett

Warren Buffet On Why U.S. Taxes Are Too Low For The Wealthy

Mark Levin – The Warren Buffett-Bill Gates “Tax Us More!”

The Buffett Rule is BS pt1

The Buffett Rule is BS pt2

Debunking Warren Buffett and other tax myths

Who Pays Income Taxes and How Much?

http://www.ntu.org/tax-basics/who-pays-income-taxes.html

Tax Year 2009

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$343,927

36.73

Top 5%

$154,643

58.66

Top 10%

$112,124

70.47

Top 25%

$66,193

87.30

Top 50%

$32,396

97.75

Bottom 50%

<$32,396

2.25

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

Table 6
Total Income Tax Shares, 1980-2009 (Percent of federal income tax paid by each group)

Year

Total

Top 0.1%

Top 1%

Top 5%

Between 5% & 10%

Top 10%

Between 10% & 25%

Top 25%

Between 25% & 50%

Top 50%

Bottom 50%

1980

100%

19.05%

36.84%

12.44%

49.28%

23.74%

73.02%

19.93%

92.95%

7.05%

1981

100%

17.58%

35.06%

12.90%

47.96%

24.33%

72.29%

20.26%

92.55%

7.45%

1982

100%

19.03%

36.13%

12.45%

48.59%

23.91%

72.50%

20.15%

92.65%

7.35%

1983

100%

20.32%

37.26%

12.44%

49.71%

23.39%

73.10%

19.73%

92.83%

7.17%

1984

100%

21.12%

37.98%

12.58%

50.56%

22.92%

73.49%

19.16%

92.65%

7.35%

1985

100%

21.81%

38.78%

12.67%

51.46%

22.60%

74.06%

18.77%

92.83%

7.17%

1986

100%

25.75%

42.57%

12.12%

54.69%

21.33%

76.02%

17.52%

93.54%

6.46%

Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable

1987

100%

24.81%

43.26%

12.35%

55.61%

21.31%

76.92%

17.02%

93.93%

6.07%

1988

100%

27.58%

45.62%

11.66%

57.28%

20.57%

77.84%

16.44%

94.28%

5.72%

1989

100%

25.24%

43.94%

11.85%

55.78%

21.44%

77.22%

16.94%

94.17%

5.83%

1990

100%

25.13%

43.64%

11.73%

55.36%

21.66%

77.02%

17.16%

94.19%

5.81%

1991

100%

24.82%

43.38%

12.45%

55.82%

21.46%

77.29%

17.23%

94.52%

5.48%

1992

100%

27.54%

45.88%

12.12%

58.01%

20.47%

78.48%

16.46%

94.94%

5.06%

1993

100%

29.01%

47.36%

11.88%

59.24%

20.03%

79.27%

15.92%

95.19%

4.81%

1994

100%

28.86%

47.52%

11.93%

59.45%

20.10%

79.55%

15.68%

95.23%

4.77%

1995

100%

30.26%

48.91%

11.84%

60.75%

19.62%

80.36%

15.03%

95.39%

4.61%

1996

100%

32.31%

50.97%

11.54%

62.51%

18.80%

81.32%

14.36%

95.68%

4.32%

1997

100%

33.17%

51.87%

11.33%

63.20%

18.47%

81.67%

14.05%

95.72%

4.28%

1998

100%

34.75%

53.84%

11.20%

65.04%

17.65%

82.69%

13.10%

95.79%

4.21%

1999

100%

36.18%

55.45%

11.00%

66.45%

17.09%

83.54%

12.46%

96.00%

4.00%

2000

100%

37.42%

56.47%

10.86%

67.33%

16.68%

84.01%

12.08%

96.09%

3.91%

2001

100%

16.06%

33.89%

53.25%

11.64%

64.89%

18.01%

82.90%

13.13%

96.03%

3.97%

2002

100%

15.43%

33.71%

53.80%

11.94%

65.73%

18.16%

83.90%

12.60%

96.50%

3.50%

2003

100%

15.68%

34.27%

54.36%

11.48%

65.84%

18.04%

83.88%

12.65%

96.54%

3.46%

2004

100%

17.44%

36.89%

57.13%

11.07%

68.19%

16.67%

84.86%

11.85%

96.70%

3.30%

2005

100%

19.26%

39.38%

59.67%

10.63%

70.30%

15.69%

85.99%

10.94%

96.93%

3.07%

2006

100%

19.56%

39.89%

60.14%

10.65%

70.79%

15.47%

86.27%

10.75%

97.01%

2.99%

2007

100%

20.19%

40.41%

60.61%

10.59%

71.20%

15.37%

86.57%

10.54%

97.11%

2.89%

2008

100%

18.47%

38.02%

58.72%

11.22%

69.94%

16.40%

86.34%

10.96%

97.30%

2.70%

2009

100%

17.11%

36.73%

58.66%

11.81%

70.47%

16.83%

87.30%

10.45%

97.75%

2.25%

  Source: Internal Revenue Service

http://taxfoundation.org/news/show/250.html#table1

Table 8
Average Tax Rate, 1980-2009 (Percent of AGI paid in income taxes)

Year

Total

Top 0.1%

Top 1%

Top 5%

Between 5% & 10%

Top 10%

Between 10% & 25%

Top 25%

Between 25% & 50%

Top 50%

Bottom 50%

1980

15.31%

34.47%

26.85%

17.13%

23.49%

14.80%

19.72%

11.91%

17.29%

6.10%

1981

15.76%

33.37%

26.59%

18.16%

23.64%

15.53%

20.11%

12.48%

17.73%

6.62%

1982

14.72%

31.43%

25.05%

16.61%

22.17%

14.35%

18.79%

11.63%

16.57%

6.10%

1983

13.79%

30.18%

23.64%

15.54%

20.91%

13.20%

17.62%

10.76%

15.52%

5.66%

1984

13.68%

29.92%

23.42%

15.57%

20.81%

12.90%

17.47%

10.48%

15.35%

5.77%

1985

13.73%

29.86%

23.50%

15.69%

20.93%

12.83%

17.55%

10.41%

15.41%

5.70%

1986

14.54%

33.13%

25.68%

15.99%

22.64%

12.97%

18.72%

10.48%

16.32%

5.63%

Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable

1987

13.12%

26.41%

22.10%

14.43%

19.77%

11.71%

16.61%

9.45%

14.60%

5.09%

1988

13.21%

24.04%

21.14%

14.07%

19.18%

11.82%

16.47%

9.60%

14.64%

5.06%

1989

13.12%

23.34%

20.71%

13.93%

18.77%

12.08%

16.27%

9.77%

14.53%

5.11%

1990

12.95%

23.25%

20.46%

13.63%

18.50%

12.01%

16.06%

9.73%

14.36%

5.01%

1991

12.75%

24.37%

20.62%

13.96%

18.63%

11.57%

15.93%

9.55%

14.20%

4.62%

1992

12.94%

25.05%

21.19%

13.99%

19.13%

11.39%

16.25%

9.42%

14.44%

4.39%

1993

13.32%

28.01%

22.71%

14.01%

20.20%

11.40%

16.90%

9.37%

14.90%

4.29%

1994

13.50%

28.23%

23.04%

14.20%

20.48%

11.57%

17.15%

9.42%

15.11%

4.32%

1995

13.86%

28.73%

23.53%

14.46%

20.97%

11.71%

17.58%

9.43%

15.47%

4.39%

1996

14.34%

28.87%

24.07%

14.74%

21.55%

11.86%

18.12%

9.53%

15.96%

4.40%

1997

14.48%

27.64%

23.62%

14.87%

21.36%

12.04%

18.18%

9.63%

16.09%

4.48%

1998

14.42%

27.12%

23.63%

14.79%

21.42%

11.63%

18.16%

9.12%

16.00%

4.44%

1999

14.85%

27.53%

24.18%

15.06%

21.98%

11.76%

18.66%

9.12%

16.43%

4.48%

2000

15.26%

27.45%

24.42%

15.48%

22.34%

12.04%

19.09%

9.28%

16.86%

4.60%

2001

14.23%

28.20%

27.50%

23.68%

14.89%

21.41%

11.58%

18.08%

8.91%

15.85%

4.09%

2002

13.03%

28.49%

27.25%

22.95%

13.87%

20.51%

10.47%

16.99%

7.67%

14.66%

3.21%

2003

11.90%

24.64%

24.31%

20.74%

12.22%

18.49%

9.54%

15.38%

7.12%

13.35%

2.95%

2004

12.10%

23.09%

23.49%

20.67%

12.28%

18.60%

9.26%

15.53%

7.01%

13.51%

2.97%

2005

12.45%

22.52%

23.13%

20.78%

12.37%

18.84%

9.27%

15.86%

6.93%

13.84%

2.98%

2006

12.60%

21.98%

22.79%

20.68%

12.60%

18.86%

9.36%

15.95%

7.01%

13.98%

3.01%

2007

12.68%

21.46%

22.45%

20.53%

12.66%

18.79%

9.43%

15.98%

7.01%

14.03%

2.99%

2008

12.24%

22.70%

23.27%

20.70%

12.44%

18.71%

9.29%

15.68%

6.75%

13.65%

2.59%

2009

11.06%

24.28%

24.01%

20.46%

11.36%

18.05%

8.25%

14.68%

5.56%

12.50%

1.85%

Source: Internal Revenue Service

http://taxfoundation.org/news/show/250.html#table1

Obama Pushes ‘Buffett Rule’ in Florida

Obama’s Capital Gains Tax “Fairness”

Obama Presses ‘Buffett Rule’ Tax Pitch 

RED ALERT: Buffett Rule Is Criminal Scam!

Obama Pushes “Buffett Rule” and Calls for More Romney Tax Returns

Dan Mitchell Debating the Buffett Rule on CNBC

Obama is yet again pushing the “Buffett Rule” while lying about taxes

Six Reasons Why the Capital Gains Tax Should Be Abolished

Indexing the Capital Gains Tax to Protect Taxpayers from Inflation

End Capital Gains and Dividends Tax

Dan Mitchell on Taxing the Rich

Warren Buffett’s Reported Plans to Avoid Taxes and the Buffett Rule

Obama: ‘Buffett Rule’ Would Raise Taxes for Rich

Warren Buffett’s Tax Rate is Lower than His Secretary’s

Warren Buffett, Secretary Debbie Bosanek Discuss Tax Rate Inequality in

Opinion: The Buffett Tax Folly

Flat Tax vs. National Sales Tax

Ron Paul_ End the IRS & Abolish the Income Tax forever

Buffett Rule Fails in Senate, 51-45

By Josh Barro,

“…the so-called Buffett Rule (imposing a minimum 30 percent federal income tax rate on those making at least $2 million per year) came up for a vote in the Senate and was defeated. There were 51 votes in favor and 45 opposed, but 60 votes were required for cloture and so the proposal could not proceed.

The vote was nearly along party lines, with Susan Collins (Maine) the only Republican to vote yes and Mark Pryor (Arkansas) the only Democrat to vote no. Joe Lieberman, an independent who caucuses with Democrats, also broke with his party and opposed the proposal, though he wasn’t in Washington D.C. today and so didn’t actually cast a vote. Lieberman said “I am opposed to the Buffett Rule because it would double to 30 percent the capital gains tax on one group of investors”—a statement that reflects the fact that the Buffett Rule debate is fundamentally a debate about whether we should have a preferential tax rate for capital gains. …”

http://www.forbes.com/sites/joshbarro/2012/04/16/buffett-rule-fails-in-senate-51-45/

Dems Lay Trap for GOP with Buffett Rule

By KIM DIXON and PATRICK TEMPLE-WEST, Reuters

“….President Barack Obama and congressional Democrats are laying a political trap for Republicans to be sprung on Monday when the U.S. Senate is slated to vote on the proposed “Buffett Rule,” which would slap a minimum tax on the highest-income Americans. With polls showing strong public support for the rule, Democrats plan to bring it up for a procedural vote in the Senate. Republicans are solidly against it and the proposal is not expected to garner enough votes to move forward.

Even if it does advance in the Senate, it is not expected to be taken up in the House of Representatives, which is controlled by Republicans. Democrats control the Senate, but just barely. Despite the proposal’s poor outlook, Democrats hope that the Senate vote and the debate around it will help them politically ahead of the November 6 elections by casting the Republicans and their presumptive presidential candidate Mitt Romney, himself a multi-millionaire, as the party of the wealthy.

Republicans have attacked the Buffett Rule as a diversion from the weak economy. They also argue that raising taxes on the rich would hit small businesses and discourage their growth. Here is a Q+A on the legislation and the issues behind it.

What Is the Buffett Rule?
Named after billionaire Warren Buffett, who backs it, the rule would require individuals with adjusted gross income of more than $1 million, or $500,000 for married individuals filing separately, to pay at least 30 percent in taxes. Democrats have been careful to stress that the tax would not apply to people with $1 million or more in assets, who comprise a much larger slice of the U.S. population than those with annual incomes of $1 million or more. About 433,000 U.S. households earn more than $1 million a year. That is only about 0.3 percent of all taxpayers, according to the Tax Policy Center, a research group. The bill being voted on in the Senate, sponsored by Democratic Senator Sheldon Whitehouse, would impose the 30-percent tax on adjusted gross income after a modified deduction for charitable giving and certain other tax credits. …”

http://www.thefiscaltimes.com/Articles/2012/04/16/Dems-Lay-Trap-for-GOP-with-Buffett-Rule.aspx#page1

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Obama’s War On Babies: Obama’s Pro-Eugenics Genocidial Racist Record–Killing Black, Hispanics and Poor White Babies–More Than 3,000 Murdered Daily!–Billions Saved In Education, Entitlements, Medical Care, Welfare, Police and Prisons Government Spending–The Radical Progressive Socialist Agenda For America–Videos

Posted on April 16, 2012. Filed under: American History, Blogroll, Business, College, Communications, Demographics, Economics, Education, Employment, Federal Government, Health Care, history, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Rants, Raves, Talk Radio, Taxes, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , |

President Barack Obama’s Pro-Abortion Record: A Pro-Life  Compilation

posted bydcalvin
“…The following is a compilation of bill signings, speeches, appointments and  other actions that President Barack Obama has engaged in that have promoted  abortion before and during his presidency.While Obama has promised to reduce abortions and some of his supporters  believe that will happen, this long list proves his only agenda is promoting  more abortions. …”Read more: http://blog.beliefnet.com/watchwomanonthewall/2012/02/president-barack-obama%e2%80%99s-pro-abortion-record-a-pro-life-compilation.html#ixzz1sD8hmx5d

Planned Parenthood – Houston, Texas

 Largest freestanding abortion facility in the Western Hemisphere 

“This six-story building is 78,000 square feet, and the ambulatory surgical center will take up the entire third floor,” the group added. “This is where unborn babies up to 25 weeks will be aborted. This is more than half way through a woman’s pregnancy.”

http://www.lifenews.com/2010/01/06/state-4699/

The Black Genocide (Maafa21)

Mark Crutcher on Alex Jones: “Planned Parenthood, the racist, eugenics front” 

Genocide: Worse Than War | Full-length documentary | PBS

“By the most fundamental measure — the number of people killed — the perpetrators of mass murder since the beginning of the twentieth century have taken the lives of more people than have died in military conflict. So genocide is worse than war,” reiterates Goldhagen. “This is a little-known fact that should be a central focus of international politics, because once you know it, the world, international politics, and what we need to do all begin to look substantially different from how they are typically conceived.”

WORSE THAN WAR documents Goldhagen¹s travels, teachings, and interviews in nine countries around the world, bringing viewers on an unprecedented journey of insight and analysis. In a film that is highly cinematic and evocative throughout, he speaks with victims, perpetrators, witnesses, politicians, diplomats, historians, humanitarian aid workers, and journalists, all with the purpose of explaining and understanding the critical features of genocide and how to finally stop it.

ABORTION: The Silent Scream

Obama SUPPORTS Black Genocide. The Cover-Up! 

Obama: Babies are a “punishment”

Barack Obama Promises to Sign FOCA

“…Last year before the Planned Parenthood Action Fund, Barack Obama told pro-abortion activists: “The first thing I’d do as President is sign the Freedom of Choice Act.”

FOCA would establish the right to abortion as a fundamental right (like the right to free speech) and wipe away every restriction on abortion nationwide.

It will eradicate state and federal abortion laws that the majority of Americans support and prevent states from enacting similar protective measures in the future. …”

Barack Obama Addresses Planned Parenthood

OBAMA SUPPORTED INFANTICIDE IN 02 AS SENATOR…

Obama And Infanticide – Part 1 – 45 Minutes / Documentary Video / Why Was There The Need For The Born

Obama And Infanticide – Part 2 – 23 Minutes / Documentary Video / The Evidence Against Obama / Illinois

Abortion Inc: Promoting Black Genocide in US?

BLACK GENOCIDE — The Negro Project — Pastor Clenard Childress, Jr.

Planned Parenthood has been successful in achieving Sanger’s Negro Project goals. More than 54 million babies have been aborted since the 1973 Supreme Court Roe v. Wade decision that legalized abortion in the United States according to numberofabortions.com website. The two leading sources of information about abortions are the Centers for Disease Control (CDC) and the Guttmacher Institute, once part of Planned Parenthood.

Since 1973 more than 15 million black, 10 million Hispanic and 20 million white babies have been aborted. Across America Planned Parenthood clinics have aborted more than 6 million babies since 1973. Planned Parenthood’s primary target market has always been the poor, especially blacks and Hispanics. Minority babies are disproportionately targets for abortion.

Credit: http://www.abort73.com/abortion/abortion_and_race/

Notes: “Other” includes Asians, Pacific Islanders, Native Americans and those of mixed race. These numbers add to 101% because of a small overlap among the Hispanic, black and other categories.

Credit: Guttmacher Institute, 2008, http://www.guttmacher.org/pubs/gpr/11/3/gpr110302.html

Maafa 21: Black Genocide in 21st Century America

Abortion: Black Genocide in 21st Century America (Part 1/13)

Abortion: Black Genocide in 21st Century America (Part 2/13)

Abortion: Black Genocide in 21st Century America (Part 3/13)

Abortion: Black Genocide in 21st Century America (Part 4/13)

Abortion: Black Genocide in 21st Century America (Part 5/13)

Abortion: Black Genocide in 21st Century America (Part 6/13)

Abortion: Black Genocide in 21st Century America (Part 7/13)

Abortion: Black Genocide in 21st Century America (Part 8/13)

Abortion: Black Genocide in 21st Century America (Part 9/13)

Abortion: Black Genocide in 21st Century America (Part 10/13)

Abortion: Black Genocide in 21st Century America (Part 11/13)

Abortion: Black Genocide in 21st Century America (Part 12/13)

Abortion: Black Genocide in 21st Century America (Part 13/13)

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Planned Parenthood’s Inconvenient Truth–Videos

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Warning: Life-Threatening Tornadoes In Midwest USA–Oklahoma,Texas, Kansas, Iowa, Missouri, Arkansas–UPDATED And Expanded–April 15, 2012–Videos

Posted on April 14, 2012. Filed under: Climate, Computers, Hail, Weather | Tags: , , , , , , , , , , , , |

Do Not Mess With Tornadoes

Tornadoes Then

Weather History: The 1974 Super Outbreak (HD)

Tornadoes: Super Outbreak Disaster – April 3-4, 1974

Very well-done National Weather Service film about the wave of at least 148 tornadoes striking large portions of the midwest and southern U.S. in 1974, including destroying the city of Xenia, Ohio. It is still the most severe outbreak of tornadoes in U.S. history, leaving over 300 dead and 5,000 injured…Public Domain

Super Outbreak Documentary (480p Repost) – Part 1 

 

Super Outbreak Documentary (480p Repost) – Part 2

Super Outbreak Documentary (480p Repost) – Part 3

Super Outbreak Documentary (480p Repost) – Part 4

Charlie Welsh tells us about 3 different tornadic events

How Tornadoes Form

Animation: The Anatomy of a Tornado 

Top 10 Biggest Tornadoes

HIGH DEFINITION HUGE MANITOBA TORNADO! June 23, 2007 -

Tornado Manitoba Canada, 2007

Family’s surveillance cameras rolling as tornado hits West

Tornadoes Now

College of DuPage Meteorology
Severe Weather and Flash Flood Warnings

Note: This page will reload every 2 minutes. Warnings are listed with the most recent first.
Click on the station ID to bring up list of recent severe weather statements.

http://kamala.cod.edu/svr/

4/15/2012 — Severe UPDATE = several areas — Midwest , South, North, Southwest, West Coast

   Tornadoes claim 5 lives in Oklahoma 

Multivortex Tornado In NW Oklahoma – April 15, 2012

Tornados in the Midwest – April 15, 2012 

Large Wedge Tornado near Lyons, KS 

[youtuebe.com=http://www.youtube.com/watch?v=a9BldVe6u7g]

4/14/2012 – Large Tornado southwest of Cherokee, OK

Violent drillbit tornado! April 14, 2012! 

VIOLENT TORNADO Almost Hit Car in Kansas – April 14, 2012 

HUGE Tornado Touchdown Near Waynoka, OK  (April 14, 2012) 

“The twin tornadoes formed just after 7 p.m. and ripped across a rural area near Bouse Junction, just southeast of Waynoka Oklahoma. The tornadoes kicked up a lot of debris in the area. It may have also hit an oil tank battery and sparked a large fire.”

Midwest Bracing for Tornado Outbreak

Tornado on the Ground in Kansas (14 April 2012)

ALERT – Possible Tornado Outbreak Today 04/14/2012 

APOCALYPTIC STORMS FOR THE MIDWEST APRIL 14, 2012

LIFE THREATENING Tornado & Storm warnings: OK, TX, IL, IOWA, KS, MO, NEBRASKA

Frankie The Early Tornado Warning Guy–LOL–ATTENTION

Severe Tornado Warning for Texas on Sunday April 15, 2012

Midwest tornadoes: 5 dead, 29 injured in Okla.

By ROCHELLE HINES and ROXANNA HEGEMAN

“…Tornadoes raking communities across the Midwest and Plains left five people dead and at least 29 injured in Oklahoma, damaging a hospital, homes and other buildings as a vast severe weather front plunged eastward Sunday across the nation’s midsection.

Oklahoma emergency officials said five people died after a tornado touched down at 12:18 a.m. Sunday in and around the northwest Oklahoma town of Woodward, the high winds damaging homes, toppling trees and downing power lines about 140 miles northwest of Oklahoma City. The brunt of the damage was reported on the west side of the town of about 12,000 and its outskirts, where search teams scoured the rubble for hours for any still trapped or injured.

Storms also were reported in Kansas, Iowa and Nebraska as a wide-ranging storm system lumbered its way across the nation’s midsection Saturday and Sunday. Lightning, large hail and heavy downpours accompanied the system, which was so large that it still posed a severe weather threat from Minnnesota, Wisconsin and Michigan in the north to eastern Texas and Louisiana hundreds of miles to the south.

http://apnews.myway.com/article/20120415/D9U5BOI81.html

National Oceanic and Atmospheric Administration

“Tornado Outbreak Likely on Saturday for Portions of the Central U.S… Published: Fri, 13 Apr 2012 22:27:11 EDT The Storm Prediction Center has outlined a High Risk of severe thunderstorms across parts of Kansas and Oklahoma. Moderate and Slight Risk areas surround the High Risk area for Saturday and stretch from extreme southwestern Minnesota to central Texas. A tornado outbreak will be likely across the central and southern plains from late Saturday afternoon lasting through the evening and into the overnight period. …”

http://weather.gov/

Life-Threatening Tornado Outbreak Today

By Bill Deger, Meteorologist

“…A life-threatening, large outbreak of tornadoes is forecast to unfold across the central and southern Plains later today and tonight.

According to AccuWeather.com Chief Meteorologist Elliot Abrams, “The risk is about as high as it gets.”

Oklahoma City and Wichita lie in the heart of the tornado threat area that extends from near Wichita Falls, Texas, to near Omaha, Neb., late this afternoon through tonight.

Despite strong thunderstorms moving through Oklahoma, Kansas and Missouri this morning, more powerful storms are set to ignite later today as the environment will be such that numerous damaging thunderstorms will form from 4:00 p.m. CDT on through much of the night. A number of these storms will produce tornadoes. …”

http://www.accuweather.com/en/weather-news/large-dangerous-plains-tornado/64003

U.S. News – Tornado sirens sound in Oklahoma City amid warnings of ‘life-threatening’ storms

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Breaking News–Multiple Tornadoes In Dallas Texas Area–Videos

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Arthur Brooks–The Battle: How the Fight Between Free Enterprise and Big Government will Shape America’s Future–Vidoes

Posted on April 13, 2012. Filed under: American History, Blogroll, Business, College, Communications, Economics, Education, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Inflation, Investments, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, People, Philosophy, Politics, Raves, Tax Policy, Unemployment, Wisdom | Tags: , , , , , , , , , , , , , , , |

Arthur C. Brooks on the Battle Between Free Enterprise and Big Government

AIM: Bloggers Briefing Interview with Arthur Brooks 

Arthur Brooks speaks at the Chamber of Commerce 

Nick Schulz, editor of American.com, sits down with AEI president Arthur C. Brooks to discuss Mr. Brooks new book, The Battle: How the Fight between Free Enterprise and Big Government Will Shape America’s Future (Basic Books, June 2010).

Arthur Brooks on the New Culture War Over Free Enterprise 

Arthur Brooks: Why I Wrote “The Battle”

Arthur Brooks: 70% of Americans Favor Free Enterprise 

Arthur Brooks: Why Earned Success is so Important 

Arthur Brooks on Money and Happiness 

Book TV: Arthur Brooks “The Battle” 

 Arthur Brooks (10/25/10) 

Free Enterprise Versus Big Government: The Battle for America’s Future
Arthur Brooks, President, American Enterprise Institute; Author, The Battle: How the Fight between Free Enterprise and Big Government Will Shape America’s Future
Brooks outlines a new culture war — not the old struggle over guns or abortion or religion, but over two competing visions of America. In one, America continues as a unique and exceptional nation organized around the principles of free enterprise. In the other, the U.S. moves toward a European-style social democracy characterized by increasing bureaucracies, income redistribution and government control of corporations. Brooks argues that free enterprise is not merely an economic system but an expression of American values and American culture, and he makes the case that free enterprise is the system that delivers the greatest levels of prosperity to the greatest numbers of people.

Dr. Arthur C. Brooks at Toledo Law 

A Moral Debate: Why Capitalism is Best for America – CBN.com 

Does Capitalism Have a Soul? (Arthur C. Brooks vs Jim Wallis) 

FreedomFest 2011 Arthur Brooks “How To Win The Battle For Free Enterprise” 

Arthur C. Brooks

“…Arthur C. Brooks is the president of AEI. Until January 1, 2009, he was the Louis A. Bantle Professor of Business and Government Policy at Syracuse University. He is the author of ten books and many articles on topics ranging from the economics of the arts to applied mathematics. His most recent books include The Battle: How the Fight Between Free Enterprise and Big Government Will Shape America’s Future (Basic Books, May 2010), Gross National Happiness (Basic Books, 2008), Social Entrepreneurship (Prentice-Hall, 2008), and Who Really Cares(Basic Books, 2006). Before pursuing his work in public policy, Mr. Brooks spent twelve years as a professional French hornist with the City Orchestra of Barcelona and other ensembles.

Mr. Brooks is the author of the forthcoming book, The Road to Freedom, to be released on May 8th 2012.

Experience

  • Louis A. Bantle Professor of Business and Government Policy, 2007-2008; Professor of Public Administration, 2006-2008; Senior Research Associate, Alan K. Campbell Public Affairs Institute, 2003-2008; Director, Nonprofit Studies Program, 2003-2007; Associate Professor of Public Administration, 2001-2005; Senior Research Associate, Center for Policy Research, 2001-2003, Maxwell School of Citizenship and Public Affairs and Whitman School of Management, Syracuse University
  • Consultant, RAND Corporation, 1998-2008
  • Assistant Professor of Public Administration and Economics, Georgia State University, 1998-2001
  • Doctoral Fellow, RAND Corporation, 1996-98
  • Professor of French Horn, Harid Conservatory of Music, Lynn University, 1992-95
  • French Hornist, Barcelona Symphony Orchestra, Annapolis Brass Quintet, 1983-92

Education

Ph.D., M.Phil., policy analysis, Pardee RAND Graduate School
M.A., economics, Florida Atlantic University
B.A., economics, Thomas Edison State College …”

http://www.aei.org/scholar/arthur-c-brooks/

Arthur C. Brooks

“…Arthur C. Brooks (born May 21, 1964, in Spokane, Wash.) is an American social scientist and musician. He is the president of the American Enterprise Institute, a conservative think tank. Brooks is best known for his work on the junctions between culture, economics, and politics. Two of his popular volumes, Who Really Cares: The Surprising Truth about Compassionate Conservatism and Gross National Happiness: Why Happiness Matters for America—and How We Can Get More of It, explore these themes in greater depth. He is a self-described independent.

Early life and musical career

Brooks was raised in Seattle’s Queen Anne neighborhood. His parents were professors, and his upbringing has been described as “liberal.”[1][2][dead link]

After high school, Brooks pursued a career as a professional French hornist, serving from 1983 to 1989 with the Annapolis Brass Quintet in Baltimore, from 1989 to 1992 as the associate principal French hornist with the City Orchestra of Barcelona in Spain, and teaching from 1992 to 1995 at Lynn University’s Harid Conservatory of Music.[3]

Academia

Toward the end of his professional music career, Brooks began higher education with a bachelor’s degree in economics in 1994 from Thomas Edison State College in New Jersey, a public university that offers distance and nontraditional education programs to working adults. He received a master’s degree from Florida Atlantic University in 1995 before pursuing a doctorate at the Frederick S. Pardee RAND Graduate School, a public policy program located at the RAND Corporation, where he was also a doctoral fellow.[3]

After receiving his PhD in policy analysis in 1998, Brooks continued to be affiliated with RAND, for which he produced a number of studies (see bibliography below; his articles appeared in dozens of academic journals as well), mostly of arts funding and orchestra operations. But he began to dive into the junction of culture, politics, and economics that would come to be his trademark. “He kept his head down during the early years of his academic career, publishing the usual economics fare on philanthropy—such as how tax rates and government spending affect giving,” writes Ben Gose. Brooks himself said, “I made my academic career doing that stuff, but the whole time I knew I was missing something.”[1]

After a stint at Georgia State University, Brooks landed at Syracuse University in 2001. In 2005, he became a full professor, and he held the Louis A. Bantle Chair in Business and Government Policy from 2007 to 2008. At Syracuse, Brooks held joint appointments in the public affairs and management schools. …”

http://en.wikipedia.org/wiki/Arthur_C._Brooks

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Robert Baer–The Devil We Know–Videos

Claire Berlinski–Why Margaret Thatcher Matters: “There Is No Alternative”–Videos

Michael Barone–Our First Revolution–Videos

Allan Bloom–The Closing of The American Mind–Videos

Philip Bobbitt–Terror and Consent–Videos

Ian Bremmer–The End of the Free Market–Videos

Arthur Brooks–The Road To Freedom: How To Win The Fight for Free Enterprise–Videos

Patrick J. Buchanan–Churchill, Hitler, and The Unnecessary War–Videos

Ron Chernow–Alexander Hamilton–Videos

Steve Coll– The Bin Ladens: An Arabian Family in the American Century; Ghost Wars: The Secret History of the CIA, Afghanistan, and bin Laden, from the Soviet Invasion to September 10, 2001 –Videos

Dinesh D’Souza–The Enemy At Home–Videos

Dinesh D’Souza–The Roots of Obama’s Rage–Videos

Thomas J. DiLorenzon–Hamilton’s Curse: How Jefferson’s Arch Enemy Betrayed the American Revolution – And What It Means for Americans Today–Videos

Cory Doctorow–Makers–Videos

Joseph J. Ellis–His Excellency: George Washington–Videos

Steve Emerson–American Jihad: The Terrorist Living Among Us–Videos

Bruce Feiler–Walking the Bible–Videos

Niall Ferguson–”The Ascent of Money–Videos

Milton Friedman–Capitalism and Freedom–Videos

Milton Friedman–Free To Choose–On Donahue –Videos

Burton Folsom Jr.–New Deal or Raw Deal–Videos

Brigitte Gabriel–Because They Hate: A Survivor of Islamic Terror Warns America–Videos

Brigitte Gabriel–They Must Be Stopped: Why We Must Defeat Radical Islam and How We Can Do It –Videos

Robert Gallately–Lenin, Stalin, and Hitler: The Age of Catastrophe–Videos

Nick Gillespie and Matt Welch–The Declaration of Independents–Videos

Jonah Goldberg–Liberal Fascism–Videos

David Goodwillie–American Subversive–A Novel

Malcolm Gladwell–Outliers–Videos

Victor Davis Hansen–A War Like No Other–Videos

Robert Higgs–Crisis and Leviathan–Videos

David Horowitz and Richard Poe–The Shadow Party–Videos

Peter Huber–The Bottomless Well–Videos

Chalmers Johnson–Blowback-The Sorrows of Empire–Nemesis–Videos

Donald Kagan–On The Origins Of War–Videos

David Kirkpatrick–The Facebook Effect–Videos

Michael Korda–Hero: The Life and Legend of Lawrence of Arabia

Stanley Kurtz–Radical-Chief: Barack Obama and The Untold Story of American Socialism–Videos

George Lakoff–Videos

Mark Levin–Liberty and Tyranny: A Conservative Manifesto–Videos

Hunter Lewis–Where Keynes Went Wrong–Videos

Michael Lewis–The Big Short: Inside the Doomsday Machine–Videos

John Locke–The Second Treatise of Civil Government–Videos

John J. Mearsheimer and Stephen M. Walt–The Israel Lobby and U.S. Foreign Policy–Videos

Gretchen Morgenson & Joshua Rosner–Reckless Endangerment–Videos

Barack Obama Cartoon Concisely Communicates What’s Wrong With Progressive Radical Socialism–Why Do We Need Jobs For?–A Hayek and Mises Moment!

Andrew C. McCarthy–Willful Blindness–Videos

Eric Metaxas–Dietrich Bonhoeffer–Videos

Kenneth Minogue–Alien Powers: The Pure Theory of Ideology–Videos

Ron Paul–End The Fed–Videos

Marshall Poe: A History of Communications: Media and Society from the Evolution of Speech to the Internet–Videos

Melanie Phillips–Londonistan–Videos

Melanie Phillips–The World Turned Upside Down: The Global Battle over God, Truth, and Power–Video

James Piereson–Camelot and The Cultural Revolution–Videos

Jim Powell–FDR’s Folly–Videos

Samantha Power–A Problem From Hell: America and the Age of Genocide–Chasing The Flame–Videos

Paul Rahe–Soft Despotism, Democracy’s Drift: Montesquieu, Rousseau, Tocqueville, and the Modern Prospect–Videos

Ayn Rand–Videos

Murray Rothbard–Economic Thought Before Adam Smith–Videos

Murray Rothbard–What Has Government Done to Our Money?–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

Yaron Brook On Capitalism and Atlas Shrugged–Videos

Leonard J Santow–Do They Walk On Water: Federal Reserve Chairman and The Fed–Videos

Eugen Maria Schulak and Herbert Unterköfler: The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions–Videos

Roy Spencer–The Great Global Warming Blunder: How Mother Nature Fooled the World’s Top Climate Scientists –Videos

Mark Steyn–America Alone: The End of The World As We Know It–Videos

John Stossel On Ayn Rand’s Atlas Shrugged

Daniel Suarez–Daemon and Freedom TM–Videos

Peter Robinson–Conversations With Authors–Videos

Murry Rothbard–For A New Liberty: The Libertarian Manifesto–Audio Book

Murray Rothbard– What Has Government Done to Our Money?–Videos

Michael Scheuer–Through Our Enemies’ Eyes–Videos

Amity Shlaes–The Forgotten Man–Videos

Thomas Sowell and Conflict of Visions–Videos

Thomas Sowell–Black Rednecks and White Liberals–The Missing Nobel Laureates–Videos

Thomas Sowell–Intellectuals and Society–Videos

Thomas Sowell On The Housing Boom and Bust–Videos

Nassim Nicholas Taleb–The Black Swan–Videos

Gillian Tett–Fool’s Gold–Videos

Marc Thiessen’s Courting Disaster–A Clear and Present Danger To The American People–President Barack Obama!

C. Bradley Thompson–Neoconservatism: An Obituary for an Idea–Videos

R. Christopher Whalen–Inflated: How Money and Debt Built the American Dream–Videos

David Wessel–In Fed We Trust: Ben Bernanke’s War On The Great Panic–Videos

Thomas E. Woods Jr.–Meltdown–Videos

Thomas E. Woods Jr.–We Who Dared to Say No to War–Videos

Samuel F. Yette–The Choice: The Issue of Black Survival in America-Videos

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John Stossel: The Battle for the Future –Video

Posted on April 13, 2012. Filed under: Blogroll, Business, College, Communications, Demographics, Economics, Education, Employment, Farming, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, Inflation, Language, Law, liberty, Life, Links, Macroeconomics, Microeconomics, People, Philosophy, Politics, Raves, Regulations, Tax Policy, Taxes, Video, War, Wealth, Wisdom | Tags: , , , , |

John Stossel: The Battle for the Future

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Lucky Luciano Movie–Videos

Posted on April 13, 2012. Filed under: Blogroll, Business, Crime, Economics, Education, Federal Government, government spending, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Video, War, Wealth, Wisdom | Tags: , , , , |

Lucky Luciano Movie (1 of 8)

Lucky Luciano Movie (2 of 8)

Lucky Luciano Movie (3 of 8)

Lucky Luciano Movie (4 of 8)

Lucky Luciano Movie (5 of 8)

Lucky Luciano Movie (6 of 8)

Lucky Luciano Movie (7 of 8)

Lucky Luciano Movie (8 of 8)

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Conservatives, Independents, Libertarians, Republicans, Democrats and Tea Party Patriots Rally In Texas For Ron Paul–Videos

Posted on April 12, 2012. Filed under: American History, Banking, Blogroll, Business, College, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Rants, Raves, Regulations, Strategy, Talk Radio, Tax Policy, Taxes, Unemployment, Unions, Video, War, Wealth, Weather, Wisdom | Tags: , , , , |

Ron Paul in Texas – Local news Mashup

Vote Texas – New Ron Paul 2012 Ad

Ron Paul Ft Worth 4/11/2012 Pre-Rally audience

Ron Paul Rally-Will Rogers Memorial Coliseum-Ft. Worth, Texas

Ron Paul-Ft. Worth, Texas

Ron Paul College Station Texas A&M 4-10-12

Youth for Ron Paul Rally in College Station at Rudders Auditorium at Texas A&M University

Ron Paul expecting 10,000 people to attend University of Texas event May 19th

Ron Paul Draws 3,000-plus Voters to Fort Worth Event

Capacity crowd, overflow at Will Rogers Memorial Center mirrors last night’s blowout at second of three Texas town hall meetings this week

“…Dr. Paul’s town hall meeting took place at 7:00 p.m. CST in the Auditorium of the Will Rogers Memorial Center, located at 3401 West Lancaster Avenue, Fort Worth, TX 76107.  At the event, the 12-term Congressman the Lone Star State’s 14th District discussed his platform of constitutionally-limited government, the bonds that tie economic and civil liberties, and provisions of his path-breaking ‘Plan to Restore America,’ a fiscal blueprint designed to free America from the current period of economic weakness. …”

http://www.ronpaul2012.com/2012/04/11/ron-paul-draws-3000-plus-voters-to-fort-worth-event/

Ron Paul Attracts 3,000-plus Voters to Texas A&M Event

Town hall meeting draws 2,500-plus in speaking venue plus over 500 viewing via live feed in lobby

“…Event organizers noted that the university speaking venue was filled to capacity, necessitating an additional 500-plus to watch the speech via live feed in the lobby.

Dr. Paul’s town hall meeting took place at 7:00 p.m. CST at Texas A&M University’s
Rudder Auditorium – Rudder Theatre Complex, located at the intersection of Joe Routt Boulevard and Throckmorton Street in College Station, TX 77840. …”

http://www.ronpaul2012.com/2012/04/10/ron-paul-attracts-3000-plus-voters-to-texas-am-event/

Background Articles and Videos

AT CAPACITY: 7000+ Ron Paul at UCLA 4/4/12

Ron Paul Draws 6,200+ in Chico, California Rally – Media Lies and Says

A View From the Crowd – Ron Paul – California State University in Chico, California

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Obama’s Unbroken Record of Repeated Lies And Broken Promises–Videos

Posted on April 12, 2012. Filed under: American History, Banking, Blogroll, Business, College, Communications, Demographics, Economics, Education, Employment, Energy, Federal Government Budget, Fiscal Policy, government spending, history, History of Economic Thought, Inflation, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Raves, Regulations, Talk Radio, Tax Policy, Unions, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , |

Same Tired Rhetoric

7 Lies In Under 2 Minutes

Obama lies and deception

Every Time Barack Obama Lies…

Obama – 16 broken promises

Barack Obama: Broken Promises

Queen – ‘Liar’

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Narcissistic Personality Disorder (NPD)–Videos

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Sam Vaknin Analyzes Barack Obama–Videos

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