Archive for July, 2012
Yaron Brook–Ayn Rand’s Moral Defense of Capitalism–Videos
Ayn Rand’s Moral Defense of Capitalism
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Alan Watts-Do You Do It, Or Does It Do You–Videos
Alan Watts-Do You Do It, Or Does It Do You – Part 1
Alan Watts-Do You Do It, Or Does It Do You – Part 2
Alan Watts-Do You Do It, Or Does It Do You – Part 3
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Alan Watts–The Joker–Videos
Alan Watts – The Joker (1-3)(PHILOSOPHICAL DISCOURSE series)
Alan Watts – The Joker (2-3)(PHILOSOPHICAL DISCOURSE series)
Alan Watts -The Joker (3-3)(PHILOSOPHICAL DISCOURSE series)
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American History–1992 Election–Bush, Clinton and Perot–Videos
Christopher Hitchens on Socialism, France, George Bush, and Bill Clinton (1992 -Part 1)
Christopher Hitchens on Opinion Polls and Ross Perot (1992 – Part 2)
Christopher Hitchens on Ross Perot, Fascism, and Election Campaign Financing (1992 -Part 3)
Christopher Hitchens on Taxes, Abortion, and Politics (1992 – Part 4)
Christopher Hitchens on Bill Clinton and the Democrats (1992 – Part 5)
Christopher Hitchens on Patriotism, Adultery, and Corporations (1992 – Part 6)
Christopher Hitchens on Journalism and Election Polling (1992- Part 7)
Christopher Hitchens on Republicans and Christianity (1992 – Part 8)
Christopher Hitchens on Libertarianism, Garth Brooks, and Wayne’s World (1992 – Part 9)
Presidential Debate 1992 #1
1992 Presidential Debate with George HW Bush, Bill Clinton & Ross Perot
The presidential candidates for the 1992 election debated each other in the second of three scheduled presidential debates. The participants were President George Bush, Governor Bill Clinton, and Ross Perot. They answered questions from the audience that regarded their campaigns and their policy preferences, which mostly focused on economic issues. The audience consisted of 209 undecided voters from the Richmond, VA area.
Presidential Debate 1992 #3
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American History–Ronald Reagan–The Presidential Years–Videos
Ronald Reagan – The Presidential Years Part 1 of 4
Ronald Reagan – The Presidential Years Part 2 of 4
Ronald Reagan – The Presidential Years Part 3 of 4
Ronald Reagan – The Presidential Years Part 4 of 4
The Band–The Last Waltz–Videos
The Last Waltz was a concert by the Canadian rock group, The Band, held on American Thanksgiving Day, November 25, 1976,
at Winterland Ballroom in San Francisco. The Last Waltz was advertised as the end of The Band’s touring career,
The Band – The Last Waltz (Excerpt from Documentary Movie) Part 1 of ３
The Band – The Last Waltz (Excerpt from Documentary Movie) Part 2 of ３
The Band – The Last Waltz (Excerpt from Documentary Movie) Part ３ of ３
The Band – Up On Cripple Creek (Levon Helm Tribute) – The Last Waltz
The Band & Bob Dylan – Baby Let Me Follow You Down – The Last Waltz
The Last Waltz – Van Morrison – Caravan
Emmylou Harris & The Band – The last Waltz (evangeline)
Dry Your Eyes – Neil Diamond & The Band – The Last Waltz
The Band – The Last Waltz (full album)
The Band & Friends – I Shall Be Released (11.25.1976)
The Last Waltz – The Night They Drove Old Dixie Down
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Read Full Post | Make a Comment ( None so far )U.S. Economy Heads Into Obama Recession With A 63% Decline in Real Gross Domestic Product (GDP) From 2011 4th Quarter 4.1% Annual Growth Rate to 2012 2nd Quarter 1.5% Annual Growth Rate!–Videos
http://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm
U.S. Growth Slows in Second Quarter
Congressman cheered on House floor for anti-big gov’t speech
Greenspan: U.S. Has Two Economies, the Good and the Bad
Economic Collapse | Depression 2012 | Get self employed
Why You’ve Never Heard of the Great Depression of 1920 | Thomas E. Woods, Jr.
Why Haven’t We Recovered Yet? (How the Keynesians Got It Wrong Yet Again)
The Rahn Curve and the Growth-Maximizing Level of Government
Keynesian Catastrophe: Big Money, Big Government & Big Lies
Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus
Obama’s So-Called Stimulus: Good For Government, Bad For the Economy
The Empirical Evidence Against Big Government
A Red-Ink Train Wreck: The Real Fiscal Cost of Government-Run Healthcare
Keynesian Economics Is Wrong: Economic Growth Causes Consumer Spending, Not the Other Way Around
Families v. Government Programs: Which Plays a Bigger Role in Individual Achievement?
Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product
[Percent] Seasonally adjusted at annual rates
Last Revised on: July 27, 2012 – Next Release Date August 29, 2012
| Line | 2010 | 2011 | 2012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | II | III | IV | I | II | III | IV | I | II | ||
| 1 | Gross domestic product | 2.3 | 2.2 | 2.6 | 2.4 | 0.1 | 2.5 | 1.3 | 4.1 | 2.0 | 1.5 |
| 2 | Personal consumption expenditures | 2.5 | 2.6 | 2.5 | 4.1 | 3.1 | 1.0 | 1.7 | 2.0 | 2.4 | 1.5 |
| 3 | Goods | 5.2 | 3.3 | 3.8 | 7.9 | 5.4 | -1.0 | 1.4 | 5.4 | 4.7 | 0.7 |
| 4 | Durable goods | 5.5 | 10.5 | 7.2 | 15.2 | 7.3 | -2.3 | 5.4 | 13.9 | 11.5 | -1.0 |
| 5 | Nondurable goods | 5.1 | 0.1 | 2.2 | 4.5 | 4.6 | -0.3 | -0.4 | 1.8 | 1.6 | 1.5 |
| 6 | Services | 1.2 | 2.3 | 1.9 | 2.3 | 2.0 | 1.9 | 1.8 | 0.3 | 1.3 | 1.9 |
| 7 | Gross private domestic investment | 19.8 | 14.6 | 16.4 | -5.9 | -5.3 | 12.5 | 5.9 | 33.9 | 6.1 | 8.5 |
| 8 | Fixed investment | -0.9 | 14.5 | -1.0 | 7.6 | -1.3 | 12.4 | 15.5 | 10.0 | 9.8 | 6.1 |
| 9 | Nonresidential | 2.1 | 12.3 | 7.7 | 9.2 | -1.3 | 14.5 | 19.0 | 9.5 | 7.5 | 5.3 |
| 10 | Structures | -23.0 | 13.1 | -2.2 | 9.3 | -28.2 | 35.2 | 20.7 | 11.5 | 12.9 | 0.9 |
| 11 | Equipment and software | 14.7 | 12.0 | 11.9 | 9.2 | 11.1 | 7.8 | 18.3 | 8.8 | 5.4 | 7.2 |
| 12 | Residential | -11.4 | 23.1 | -28.6 | 1.5 | -1.4 | 4.1 | 1.4 | 12.1 | 20.5 | 9.7 |
| 13 | Change in private inventories | — | — | — | — | — | — | — | — | — | — |
| 14 | Net exports of goods and services | — | — | — | — | — | — | — | — | — | — |
| 15 | Exports | 5.9 | 9.6 | 9.7 | 10.0 | 5.7 | 4.1 | 6.1 | 1.4 | 4.4 | 5.3 |
| 16 | Goods | 9.9 | 11.9 | 9.0 | 11.2 | 5.7 | 3.7 | 6.2 | 6.0 | 4.0 | 6.0 |
| 17 | Services | -2.2 | 4.5 | 11.1 | 7.4 | 5.8 | 5.1 | 6.1 | -8.8 | 5.2 | 3.6 |
| 18 | Imports | 10.4 | 20.2 | 13.9 | 0.0 | 4.3 | 0.1 | 4.7 | 4.9 | 3.1 | 6.0 |
| 19 | Goods | 12.2 | 24.7 | 14.1 | 1.1 | 5.2 | -0.7 | 2.9 | 6.3 | 2.0 | 6.0 |
| 20 | Services | 2.4 | 1.2 | 12.9 | -5.0 | -0.6 | 4.2 | 13.8 | -1.7 | 9.0 | 5.5 |
| 21 | Government consumption expenditures and gross investment | -3.1 | 2.8 | -0.3 | -4.4 | -7.0 | -0.8 | -2.9 | -2.2 | -3.0 | -1.4 |
| 22 | Federal | 0.6 | 9.7 | 3.7 | -4.1 | -10.3 | 2.8 | -4.3 | -4.4 | -4.2 | -0.4 |
| 23 | National defense | -3.7 | 7.3 | 7.2 | -6.1 | -14.3 | 8.3 | 2.6 | -10.6 | -7.1 | -0.4 |
| 24 | Nondefense | 10.1 | 14.6 | -3.1 | 0.0 | -1.7 | -7.5 | -17.4 | 10.2 | 1.8 | -0.3 |
| 25 | State and local | -5.5 | -1.4 | -2.9 | -4.6 | -4.7 | -3.2 | -2.0 | -0.7 | -2.2 | -2.1 |
| Addendum: | |||||||||||
| 26 | Gross domestic product, current dollars | 3.9 | 4.1 | 4.6 | 4.5 | 2.2 | 5.2 | 4.3 | 4.2 | 4.2 | 3.1 |
http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1
Background Articles and Videos
Measuring GDP using the Income Approach and the Expenditure Approach – HD
GDP, Nominal, Real, examples
Economic Cycles Before the Fed | Thomas E Woods, Jr.
Gold and the Good Guys | Thomas E. Woods, Jr.
The Austrian Business Cycle Theory Explained
Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product
[Percent] Seasonally adjusted at annual rates
Last Revised on: July 27, 2012 – Next Release Date August 29, 2012
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, JULY 27, 2012BEA 12-32
National Income and Product Accounts
Gross Domestic Product, 2nd quarter 2012 (advance estimate);
Revised Estimates: 2009 through First Quarter 2012
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 1.5 percent in the second quarter of 2012,
(that is, from the first quarter to the second quarter), according to the “advance” estimate released by the
Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent.
The Bureau emphasized that the second-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 second quarter, based on more complete data, will be released on
August 29, 2012.
BOX._____
The estimates released today reflect the regular annual revision of the national income and product
accounts (NIPAs), beginning with the estimates for the first quarter of 2009. Annual revisions, which
are usually released in July, incorporate source data that are more complete, more detailed, and
otherwise more reliable than those previously available. This release includes the revised quarterly
estimates of GDP, corporate profits, and personal income and provides an overview of the effects of the
revision.
The August 2012 Survey of Current Business will contain NIPA tables and an article describing
the revisions. These NIPA tables will be available on BEA’s Web site at http://www.bea.gov by August 3,
2012.
_________
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.
________________
The increase in real GDP in the second quarter primarily reflected positive contributions from
personal consumption expenditures (PCE), exports, nonresidential fixed investment, private inventory
investment, and residential fixed investment that were partly offset by a negative contribution from state
and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.
The deceleration in real GDP in the second quarter primarily reflected a deceleration in PCE, an
acceleration in imports, and decelerations in residential fixed investment and in nonresidential fixed
investment that were partly offset by an upturn in private inventory investment, a smaller decrease in
federal government spending, and an acceleration in exports.
Motor vehicle output added 0.13 percentage point to the second-quarter change in real GDP after
adding 0.72 percentage point to the first-quarter change. Final sales of computers subtracted 0.07
percentage point from the second-quarter change in real GDP after adding 0.02 percentage point to the
first-quarter change.
The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 0.7 percent in the second quarter, compared with an increase of 2.5 percent in the first.
Excluding food and energy prices, the price index for gross domestic purchases increased 1.4 percent in
the second quarter, compared with an increase of 2.4 percent in the first.
Real personal consumption expenditures increased 1.5 percent in the second quarter, compared
with an increase of 2.4 percent in the first. Durable goods decreased 1.0 percent, in contrast to an
increase of 11.5 percent. Nondurable goods increased 1.5 percent, compared with an increase of 1.6
percent. Services increased 1.9 percent, compared with an increase of 1.3.
Real nonresidential fixed investment increased 5.3 percent in the second quarter, compared with
an increase of 7.5 percent in the first. Nonresidential structures increased 0.9 percent, compared with an
increase of 12.9 percent. Equipment and software increased 7.2 percent, compared with an increase of
5.4 percent. Real residential fixed investment increased 9.7 percent, compared with an increase of 20.5
percent.
Real exports of goods and services increased 5.3 percent in the second quarter, compared with an
increase of 4.4 percent in the first. Real imports of goods and services increased 6.0 percent, compared
with an increase of 3.1 percent.
Real federal government consumption expenditures and gross investment decreased 0.4 percent
in the second quarter, compared with a decrease of 4.2 percent in the first. National defense decreased
0.4 percent, compared with a decrease of 7.1 percent. Nondefense decreased 0.3 percent, in contrast to
an increase of 1.8 percent. Real state and local government consumption expenditures and gross
investment decreased 2.1 percent, compared with a decrease of 2.2.
The change in real private inventories added 0.32 percentage point to the second-quarter change
in real GDP after subtracting 0.39 percentage point from the first-quarter change. Private businesses
increased inventories $66.3 billion in the second quarter, following increases of $56.9 billion in the first
quarter and $70.5 billion in the fourth.
Real final sales of domestic product — GDP less change in private inventories — increased 1.2
percent in the second quarter, compared with an increase of 2.4 percent in the first.
Gross domestic purchases
Real gross domestic purchases — purchases by U.S. residents of goods and services wherever
produced — increased 1.8 percent in the second quarter, the same increase as in the first quarter.
Disposition of personal income
Current-dollar personal income increased $140.5 billion (4.3 percent) in the second quarter,
compared with an increase of $199.9 billion (6.3 percent) in the first.
Personal current taxes increased $24.9 billion in the second quarter, compared with an increase
of $30.0 billion in the first.
Disposable personal income increased $115.6 billion (4.0 percent) in the second quarter,
compared with an increase of $169.9 billion (6.0 percent) in the first. Real disposable personal income
increased 3.2 percent, compared with an increase of 3.4 percent.
Personal outlays increased $59.9 billion (2.1 percent) in the second quarter, compared with an
increase of $143.1 billion (5.2 percent) in the first. Personal saving — disposable personal income less
personal outlays — was $475.3 billion in the second quarter, compared with $419.5 billion in the first.
The personal saving rate — saving as a percentage of disposable personal income — was 4.0 percent in
the second quarter, compared with 3.6 percent in the first. 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 http://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
3.1 percent, or $117.6 billion, in the second quarter to a level of $15,595.9 billion. In the first quarter,
current-dollar GDP increased 4.2 percent, or $157.3 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.”
_____________
Revision of the National Income and Product Accounts
The revised estimates, which begin with 2009, reflect the results of the annual revision of the
national income and product accounts (NIPAs). These revisions, usually made each July, incorporate
newly available and more comprehensive source data, as well as improved estimation methodologies. In
this annual revision, the notable revisions primarily reflect the incorporation of newly available and
revised source data. For example, the revised estimates of profits reflect newly available Internal
Revenue Service tabulations of tax returns for corporations for 2010 and revised tabulations for 2009.
Because of the additional data shown, tables 3, 11, and 12 are each divided into two separate
tables — 3A and 3B, 11A and 11B, and 12A and 12B. There are also a number of special tables that
compare the revised and previously published estimates for selected periods: table 1A shows the
percent change in real GDP and related measures; table 1B shows revisions to current-dollar GDP, to
national income, and to the disposition of personal income; table 2A shows contributions to the percent
change in real GDP; table 4A shows the percent change in the chain-type price indexes for GDP and
related measures; and table 12C shows revisions to corporate profits by industry.
With the release of the annual revision, statistics for selected NIPA tables will be available on
BEA’s Web site (www.bea.gov). Shortly after the GDP release, BEA will post a table on its Web site
showing the sources of major current-dollar revisions to the annual estimates for 2009–2011 for each
component of GDP, national income, and personal income. The August 2012 Survey of Current
Business will contain NIPA tables and an article describing the revisions. The August 2012 issue will
also contain an analysis of the “advance” GDP estimate for the second quarter of 2012 (“GDP and the
Economy”).
This section of the release discusses the highlights of annual revision, including the newly
incorporated source data and changes in methodology and presentation.
Summary of revisions
For this annual revision, the revisions are limited to the period from 2009 to the first quarter of
2012.
* For 2008–2011, real GDP increased at an average annual rate of 0.3 percent; in the previously
published estimates, real GDP had increased at an average annual rate of 0.4 percent. From the
fourth quarter of 2008 to the first quarter of 2012, real GDP increased at an average annual rate
of 1.5 percent; in the previously published estimates, real GDP had increased 1.4 percent.
* The percent change in real GDP was revised up 0.4 percentage point for 2009, was revised down
0.6 percentage point for 2010, and was revised up 0.1 percentage point for 2011.
* The revisions to the annual estimates for 2009–2011 reflect partly offsetting revisions to the
quarters within the year. For example, for 2009, the annual rate of change in GDP was revised
up 1.4 percentage points for the first quarter, was revised up 0.4 percentage point for the second
quarter, and was revised up 0.2 percentage point for the fourth quarter, while the growth rate for
the third quarter was revised down 0.3 percentage point. For 2010, the annual rate of change in
GDP was revised down 1.6 percentage points for both the first and second quarters, while the
growth rates for the third and fourth quarters were each revised up 0.1 percentage point. For
2011, the annual rate of change in GDP was revised up 1.2 percentage points for the second
quarter and was revised up 1.1 percentage points for the fourth quarter, while the growth rates for
the first and third quarters were revised down 0.3 percentage point and 0.5 percentage point,
respectively.
* For the 13 quarters from the first quarter of 2009 to the first quarter of 2012, the average revision
(without regard to sign) was 0.7 percentage point. The revisions did not change the direction of
change in real GDP (increase or decrease) for any quarter.
* For 2008–2011, the average annual rate of growth of real disposable personal income was
revised down 0.1 percentage point, from 0.2 percent to 0.1 percent.
* From the fourth quarter of 2008 to the first quarter of 2012, the average annual rate of increase in
the price index for gross domestic purchases was 1.6 percent, the same rate of increase as in the
previously published estimates. The average annual rate of increase in the price index for
personal consumption expenditures (PCE) was 1.8 percent; in the previously published
estimates, the price index for PCE had increased 1.9 percent. The average annual rate of
increase in the “core” PCE price index (which excludes food and energy) was 1.5 percent; in the
previously published estimates, the “core” PCE price index had increased 1.6 percent.
* The percent change in real gross domestic income (GDI) was revised up 0.1 percentage point for
2009, was revised down 0.5 percentage point for 2010, and was revised down 0.2 percentage
point for 2011.
* National income was revised down for all 3 years: 0.1 percent for 2009, 0.2 percent for 2010,
and 0.5 percent for 2011.
* Corporate profits was revised down for all 3 years: 1.4 percent for 2009, 5.4 percent for 2010,
and 6.0 percent for 2011.
Revisions to the 2009-2011 estimates
The percent change from the preceding year in real GDP was revised up from a decrease of 3.5
percent to a decrease of 3.1 percent for 2009, was revised down from an increase of 3.0 percent to an
increase of 2.4 percent for 2010, and was revised up from an increase of 1.7 percent to an increase of 1.8
percent for 2011.
For 2009, the largest contributors to the revision to the change in real GDP were upward
revisions to state and local government spending and to inventory investment. For 2010, the largest
contributors to the revision were downward revisions to nonresidential fixed investment, to PCE, and to
inventory investment. For 2011, the largest contributors to the revision were upward revisions to PCE
and to inventory investment; these revisions were partly offset by downward revisions to state and local
government spending, to federal government spending, and to nonresidential fixed investment.
The percent change from fourth quarter to fourth quarter in real GDP was revised up from a
decrease of 0.5 percent to a decrease of 0.1 percent during 2009, was revised down from an increase of
3.1 percent to an increase of 2.4 percent during 2010, and was revised up from an increase of 1.6 percent
to an increase of 2.0 percent during 2011.
For the period of contraction from the fourth quarter of 2007 to the second quarter of 2009, real
GDP decreased at an average annual rate of 3.2 percent; in the previously published estimates, it had
decreased 3.5 percent. The cumulative decrease in real GDP (not at an annual rate) was 4.7 percent; in
the previously published estimates, the cumulative decrease was 5.1 percent.
For the period of expansion from the second quarter of 2009 to the first quarter of 2012, real
GDP increased at an average annual rate of 2.3 percent; in the previously published estimates, it had
increased 2.4 percent.
The percent change from the preceding year in real gross domestic income (GDI) was revised up
from a decrease of 4.0 percent to a decrease of 3.9 percent for 2009, was revised down from an increase
of 3.6 percent to an increase of 3.1 percent for 2010, and was revised down from an increase of 2.0
percent to an increase of 1.8 percent for 2011.
The percent change from the preceding year in the price index for gross domestic purchases was
revised down from a decrease of 0.1 percent to a decrease of 0.2 percent for 2009, was revised up from
an increase of 1.5 percent to an increase of 1.6 percent for 2010, and was unrevised at 2.5 percent for
2011. For the corresponding quarters, the largest downward revision was 0.6 percentage point for the
first quarter of 2011; the largest upward revision was 0.4 percentage point (for both the third and fourth
quarters of 2010).
Current-dollar GDP was revised up $34.7 billion, or 0.2 percent, for 2009; was revised down
$27.6 billion, or 0.2 percent, for 2010; and was revised down $18.3 billion, or 0.1 percent, for 2011.
The percent change from the preceding year was revised up from a decrease of 2.5 percent to a decrease
of 2.2 percent for 2009, was revised down from an increase of 4.2 percent to an increase of 3.8 percent
for 2010, and was revised up from an increase of 3.9 percent to an increase of 4.0 percent for 2011.
Current-dollar gross national product (GNP) (GDP plus net receipts of income from the rest of the
world) was revised up $26.0 billion, or 0.2 percent, for 2009; was revised down $7.7 billion, or 0.1
percent, for 2010; and was revised down $12.0 billion, or 0.1 percent, for 2011. Net receipts of income
from the rest of the world was revised down $8.8 billion for 2009, was revised up $19.9 billion for 2010,
and was revised up $6.4 billion for 2011. The revisions to net receipts of income — which affect GNP,
national income, corporate profits, net interest and miscellaneous payments, and personal income
receipts on assets — resulted from the revisions to BEA’s international transactions accounts (ITAs) that
were released in June. (An article describing the revisions to the ITAs was published in the July 2012
issue of the Survey of Current Business.)
National income was revised down for all 3 years: $15.0 billion, or 0.1 percent, for 2009; $28.7
billion, or 0.2 percent, for 2010; and $62.3 billion, or 0.5 percent, for 2011. For 2009, downward
revisions to corporate profits, to net interest, and to rental income of persons were partly offset by an
upward revision to nonfarm proprietors’ income. For 2010, a downward revision to corporate profits
was partly offset by an upward revision to nonfarm proprietors’ income. For 2011, a downward revision
to corporate profits was partly offset by upward revisions to nonfarm proprietors’ income and to
supplements to wages and salaries.
Corporate profits from current production — profits before tax with inventory valuation and
capital consumption adjustments — was revised down for all 3 years: $19.7 billion, or 1.4 percent, for
2009; $97.7 billion, or 5.4 percent, for 2010; and $115.8 billion, or 6.0 percent, for 2011. For 2009,
downward revisions to profits of domestic financial corporations and to profits from the rest of the world
were partly offset by an upward revision to profits of domestic nonfinancial corporations. For 2010 and
2011, downward revisions to profits of domestic financial and nonfinancial corporations were partly
offset by an upward revision to profits from the rest of the world.
Profits before tax was revised down for all 3 years: $15.2 billion for 2009, $3.2 billion for 2010,
and $42.2 billion for 2011. The before-tax measure of profits does not reflect, as does profits from
current production, the capital consumption and inventory valuation adjustments. These adjustments
convert depreciation of fixed assets and inventory withdrawals reported on a tax-return, historical-cost
basis to the current-cost measures used in the national income and product accounts. The capital
consumption adjustment was revised down for all 3 years: $7.0 billion for 2009, $94.9 billion for 2010,
and $71.2 billion for 2011. The inventory valuation adjustment was revised up $2.6 billion for 2009,
was revised up $0.4 billion for 2010, and was revised down $2.5 billion for 2011.
Personal income was revised down for all 3 years: $63.2 billion, or 0.5 percent, for 2009; $51.6
billion, or 0.4 percent, for 2010; and $43.9 billion, or 0.3 percent, for 2011. For 2009, downward
revisions to personal dividend income, to rental income of persons, and to personal interest income were
partly offset by an upward revision to nonfarm proprietors’ income. For 2010, a downward revision to
personal dividend income was partly offset by upward revisions to nonfarm proprietors’ income and to
personal interest income. For 2011, downward revisions to personal dividend income, to government
social benefits to persons, and to farm proprietors’ income were partly offset by upward revisions to
nonfarm proprietors’ income, to supplements to wages and salaries, and to personal interest income.
Disposable personal income (DPI) (personal income less personal current taxes) was revised
down for all 3 years: $66.4 billion, or 0.6 percent, for 2009; $52.6 billion, or 0.5 percent, for 2010; and
$44.2 billion, or 0.4 percent, for 2011. Personal current taxes was revised up for all 3 years: $3.2 billion
for 2009, $0.9 billion for 2010, and $0.3 billion for 2011. The percent change from the preceding year
in real DPI was revised down from a decrease of 2.3 percent to a decrease of 2.8 percent for 2009, was
unrevised at 1.8 percent for 2010, and was revised up from an increase of 1.2 percent to an increase of
1.3 percent for 2011.
Personal outlays — PCE, personal interest payments, and personal current transfer payments —
was revised down $22.0 billion for 2009, was revised down $26.5 billion for 2010, and was revised up
$4.8 billion for 2011. For 2009 and 2010, downward revisions to PCE accounted for most of the
revisions to personal outlays. For 2011, upward revisions to personal interest payments and to PCE
were partly offset by a downward revision to personal current transfer payments to government. The
personal saving rate (personal saving as a percentage of DPI) was revised down for all 3 years: from 5.1
percent to 4.7 percent for 2009, from 5.3 percent to 5.1 percent for 2010, and from 4.6 percent to 4.2
percent for 2011.
The statistical discrepancy is current-dollar GDP less current-dollar gross domestic income
(GDI). It arises because most components of GDP and of GDI are estimated independently. GDP
measures final expenditures — the sum of consumer spending, private investment, net exports, and
government spending. GDI measures the incomes earned in the production of GDP. In concept, GDP is
equal to GDI. In practice, they differ because they are estimated using different source data and
different methods.
As a result of the annual revision, the statistical discrepancy as a percentage of GDP was revised
up for all 3 years: from 0.6 percent to 0.8 percent for 2009, from less than 0.1 percent to 0.2 percent for
2010, and from a negative 0.2 percent to a positive 0.2 percent for 2011. For 2009, the revision to the
discrepancy reflected an upward revision to GDP and a downward revision to GDI. For 2010 and 2011,
the revisions to the discrepancy reflected downward revisions to GDI that were larger than the
downward revisions to GDP.
New source data
The annual revision incorporated data from the following major federal statistical sources:
Census Bureau annual survey of manufactures for 2009 (revised) and 2010 (preliminary); Census
Bureau annual surveys of merchant wholesale trade and of retail trade for 2009 (revised) and for 2010
(preliminary); Census Bureau revised monthly indicators of manufactures, of merchant wholesale trade,
and of retail trade for 2009–2011; Census Bureau annual surveys of services for 2009 (revised), 2010
(revised), and 2011 (preliminary), and of state and local government finances for fiscal years 2008
(revised), 2009 (revised), and 2010 (preliminary); Census Bureau monthly survey of construction
spending (value put in place) for 2009–2011 (revised); Census Bureau quarterly services survey for
2009–2011 (revised); Census Bureau current population survey/housing vacancy survey for 2011;
federal government budget data for fiscal years 2011 and 2012; Internal Revenue Service tabulations of
tax returns for corporations for 2009 (revised) and 2010 (preliminary) and for sole proprietorships and
partnerships for 2010; Bureau of Labor Statistics quarterly census of employment and wages for 2009–
2011 (revised); Department of Agriculture farm statistics for 2009–2011 (revised); and BEA’s ITAs for
2009–2011 (revised).
Changes in methodology and presentation
The annual revision also incorporated improvements to estimating methodologies, including the
following:
* Beginning with the estimates for 2010, data from the Census Bureau’s expanded service annual
survey (SAS) are incorporated into the annual estimates of PCE categories for ground
transportation for intercity buses, taxicabs, private urban transit systems, school bus
transportation, and “other” road transportation. Newly available SAS data are also incorporated
into the PCE estimates of water transportation; both ground transportation and water
transportation are included in the PCE category public transportation. In addition, newly
available SAS data are incorporated into the PCE estimates of commercial and vocational
schools and into the PCE estimates of water supply and sanitation services. Similarly, beginning
with the estimates for the first quarter of 2011, data from the Census Bureau’s expanded
quarterly services survey (QSS) are incorporated into the quarterly estimates of most of these
same PCE categories. As a result, the percentage of quarterly PCE services that are based on the
QSS has increased to 42 percent.
* Beginning with the estimates for 2010, retail motor vehicle inventory investment is derived using
a weighted average of private industry data on motor vehicle unit inventories and of inventory
data from the Census Bureau’s retail trade surveys. This methodology is used for both the
annual inventory investment estimates and the current quarterly extrapolations of inventory
investment. Prior to this methodology change, estimates of annual inventory investment were
based solely on retail trade inventory data from the Census Bureau, and the current quarterly
extrapolations were based solely on the unit inventory data. This new approach takes into
account differences in the scope and coverage of these two data sources and makes the annual
and current quarterly methodologies more consistent and should result in smaller revisions
during annual revisions.
* Beginning with the estimates for the second quarter of 2012, data for the “preliminary”
composite refiner acquisition cost of crude oil from the Energy Information Administration are
used in place of the producer price index for crude petroleum as the indicator for the estimates of
the refiner crude acquisition cost, which is used in the estimation of a number of important series
of private inventory investment and their corresponding inventory valuation adjustments.
* Beginning with the estimates for the first quarter of 2009, revised seasonally adjusted foreign
trade prices are incorporated on a “best-level” basis into BEA’s chained-dollar estimates of
exports and imports. The revised prices reflect BEA’s work with the Census Bureau’s Foreign
Trade Division to develop more consistent measures of chained-dollar exports and imports.
* A new group of tables is introduced on BEA’s Web site to show GDP, GDI, and other major
NIPA aggregates (including GNP and various command-basis measures) side-by-side. Most of
the measures in these tables are already available in other NIPA tables. The new tables are
intended to facilitate comparison of these major aggregates.
* * *
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 http://www.bea.gov. By visiting the
site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements.
* * *
Next release — August 29, 2012, at 8:30 A.M. EDT for:
Gross Domestic Product: Second Quarter 2012 (Second Estimate)
Corporate Profits: Second Quarter 2012 (Preliminary Estimate)
Comparisons of Revisions to GDP
Quarterly estimates of GDP are released on the following schedule: the “advance” estimate, based on
source data that are incomplete or subject to further revision by the source agency, is released near the end of the
first month after the end of the quarter; as more detailed and more comprehensive data become available,
the “second” and “third” estimates are released near the end of the second and third months, respectively.
The “latest”” estimate reflects the results of both annual and comprehensive revisions.
Annual revisions, which generally cover the quarters of the 3 most recent calendar years, are usually carried
out each summer and incorporate newly available major annual source data. Comprehensive (or benchmark)
revisions are carried out at about 5-year intervals and incorporate major periodic source data, as well as
improvements in concepts and methods that update the accounts to portray more accurately the evolving U.S.
economy.
The table below shows comparisons of the revisions between quarterly percent changes of current-dollar
and of real GDP for the different vintages of the estimates. From the advance estimate to the second estimate (one
month later), the average revision to real GDP without regard to sign is 0.5 percentage point, while from the
advance estimate to the third estimate (two months later), it is 0.6 percentage point. From the advance estimate to
the latest estimate, the average revision without regard to sign is 1.3 percentage points. The average revision
(with regard to sign) from the advance estimate to the latest estimate is 0.2 percentage point, which is larger
than the average revisions from the advance estimate to the second or to the third estimates. The larger average
revisions to the latest estimate reflect the fact that comprehensive revisions include major improvements, such as
the incorporation of BEA’s latest benchmark input-output accounts. The quarterly estimates correctly indicate the
direction of change of real GDP 97 percent of the time, correctly indicate whether GDP is accelerating or
decelerating 72 percent of the time, and correctly indicate whether real GDP growth is above, near, or below trend
growth more than four-fifths of the time.
Revisions Between Quarterly Percent Changes of GDP: Vintage Comparisons
[Annual rates]
Vintages Average Average without Standard deviation of
compared regard to sign revisions without
regard to sign
____________________________________________________Current-dollar GDP_______________________________________________
Advance to second……………….. 0.2 0.6 0.4
Advance to third………………… .2 .7 .4
Second to third…………………. .0 .3 .2
Advance to latest……………….. .3 1.2 1.0
________________________________________________________Real GDP_____________________________________________________
Advance to second……………….. 0.1 0.5 0.4
Advance to third………………… .1 .6 .5
Second to third…………………. .0 .2 .2
Advance to latest……………….. .2 1.3 1.0
NOTE. These comparisons are based on the period from 1983 through 2008.
http://bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product
[Percent] Seasonally adjusted at annual rates
Last Revised on: July 27, 2012 – Next Release Date August 29, 2012
| Line | 2010 | 2011 | 2012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | II | III | IV | I | II | III | IV | I | II | ||
| 1 | Gross domestic product | 2.3 | 2.2 | 2.6 | 2.4 | 0.1 | 2.5 | 1.3 | 4.1 | 2.0 | 1.5 |
| 2 | Personal consumption expenditures | 2.5 | 2.6 | 2.5 | 4.1 | 3.1 | 1.0 | 1.7 | 2.0 | 2.4 | 1.5 |
| 3 | Goods | 5.2 | 3.3 | 3.8 | 7.9 | 5.4 | -1.0 | 1.4 | 5.4 | 4.7 | 0.7 |
| 4 | Durable goods | 5.5 | 10.5 | 7.2 | 15.2 | 7.3 | -2.3 | 5.4 | 13.9 | 11.5 | -1.0 |
| 5 | Nondurable goods | 5.1 | 0.1 | 2.2 | 4.5 | 4.6 | -0.3 | -0.4 | 1.8 | 1.6 | 1.5 |
| 6 | Services | 1.2 | 2.3 | 1.9 | 2.3 | 2.0 | 1.9 | 1.8 | 0.3 | 1.3 | 1.9 |
| 7 | Gross private domestic investment | 19.8 | 14.6 | 16.4 | -5.9 | -5.3 | 12.5 | 5.9 | 33.9 | 6.1 | 8.5 |
| 8 | Fixed investment | -0.9 | 14.5 | -1.0 | 7.6 | -1.3 | 12.4 | 15.5 | 10.0 | 9.8 | 6.1 |
| 9 | Nonresidential | 2.1 | 12.3 | 7.7 | 9.2 | -1.3 | 14.5 | 19.0 | 9.5 | 7.5 | 5.3 |
| 10 | Structures | -23.0 | 13.1 | -2.2 | 9.3 | -28.2 | 35.2 | 20.7 | 11.5 | 12.9 | 0.9 |
| 11 | Equipment and software | 14.7 | 12.0 | 11.9 | 9.2 | 11.1 | 7.8 | 18.3 | 8.8 | 5.4 | 7.2 |
| 12 | Residential | -11.4 | 23.1 | -28.6 | 1.5 | -1.4 | 4.1 | 1.4 | 12.1 | 20.5 | 9.7 |
| 13 | Change in private inventories | — | — | — | — | — | — | — | — | — | — |
| 14 | Net exports of goods and services | — | — | — | — | — | — | — | — | — | — |
| 15 | Exports | 5.9 | 9.6 | 9.7 | 10.0 | 5.7 | 4.1 | 6.1 | 1.4 | 4.4 | 5.3 |
| 16 | Goods | 9.9 | 11.9 | 9.0 | 11.2 | 5.7 | 3.7 | 6.2 | 6.0 | 4.0 | 6.0 |
| 17 | Services | -2.2 | 4.5 | 11.1 | 7.4 | 5.8 | 5.1 | 6.1 | -8.8 | 5.2 | 3.6 |
| 18 | Imports | 10.4 | 20.2 | 13.9 | 0.0 | 4.3 | 0.1 | 4.7 | 4.9 | 3.1 | 6.0 |
| 19 | Goods | 12.2 | 24.7 | 14.1 | 1.1 | 5.2 | -0.7 | 2.9 | 6.3 | 2.0 | 6.0 |
| 20 | Services | 2.4 | 1.2 | 12.9 | -5.0 | -0.6 | 4.2 | 13.8 | -1.7 | 9.0 | 5.5 |
| 21 | Government consumption expenditures and gross investment | -3.1 | 2.8 | -0.3 | -4.4 | -7.0 | -0.8 | -2.9 | -2.2 | -3.0 | -1.4 |
| 22 | Federal | 0.6 | 9.7 | 3.7 | -4.1 | -10.3 | 2.8 | -4.3 | -4.4 | -4.2 | -0.4 |
| 23 | National defense | -3.7 | 7.3 | 7.2 | -6.1 | -14.3 | 8.3 | 2.6 | -10.6 | -7.1 | -0.4 |
| 24 | Nondefense | 10.1 | 14.6 | -3.1 | 0.0 | -1.7 | -7.5 | -17.4 | 10.2 | 1.8 | -0.3 |
| 25 | State and local | -5.5 | -1.4 | -2.9 | -4.6 | -4.7 | -3.2 | -2.0 | -0.7 | -2.2 | -2.1 |
| Addendum: | |||||||||||
| 26 | Gross domestic product, current dollars | 3.9 | 4.1 | 4.6 | 4.5 | 2.2 | 5.2 | 4.3 | 4.2 | 4.2 | 3.1 |
http://bea.gov/iTable/iTable.cfm?ReqID=9&step=1
Read Full Post | Make a Comment ( None so far )Economic Consequences of Obama: Worse Economic Recovery in U.S. History–Jumping Off The Fiscal Cliff–Fuse Lit On Debt Bomb!–Videos
Pronk Pops Show 84: July 25, 2012
Pronk Pops Show 83: July 18, 2012
Pronk Pops Show 82: July 11, 2012
Pronk Pops Show 81: July 8, 2012
Pronk Pops Show 80: June 28, 2012
Pronk Pops Show 79: June 27, 2012
Listen To Pronk Pops Podcast or Download Shows 84-
Listen To Pronk Pops Podcast or Download Shows 79-83
Listen To Pronk Pops Podcast or Download Shows 74-78
Listen To Pronk Pops Podcast or Download Shows 71-73
Listen To Pronk Pops Podcast or Download Shows 68-70
Listen To Pronk Pops Podcast or Download Shows 65-67
Listen To Pronk Pops Podcast or Download Shows 62-64
Listen To Pronk Pops Podcast or Download Shows 58-61
Listen To Pronk Pops Podcast or Download Shows 55-57
Listen To Pronk Pops Podcast or Download Shows 52-54
Listen To Pronk Pops Podcast or Download Shows 49-51
Listen To Pronk Pops Podcast or Download Shows 45-48
Listen To Pronk Pops Podcast or Download Shows 41-44
Listen To Pronk Pops Podcast or Download Shows 38-40
Listen To Pronk Pops Podcast or Download Shows 34-37
Listen To Pronk Pops Podcast or Download Shows 30-33
Listen To Pronk Pops Podcast or Download Shows 27-29
Listen To Pronk Pops Podcast or Download Shows 17-26
Listen To Pronk Pops Podcast or Download Shows 16-22
Listen To Pronk Pops Podcast or Download Shows 10-15
Listen To Pronk Pops Podcast or Download Shows 01-9
Segment 0: Economic Consequences of Obama: Worse Economic Recovery in U.S. History–Jumping Off The Fiscal Cliff–Fuse Lit On Debt Bomb!–Videos
Thelma & Luise – Alternative Final Scene
Rep. Kevin Brady Jobs Numbers Interview with CNBC’s Larry Kudlow 07-06-12
CBS: “This Is The Worst Economic Recovery America Has Ever Had
THAT LOOKS BAD!
Going off the Fiscal Cliff–Better Not Look Down
Democrats: We’re Willing to Send America Off the Fiscal Cliff
Sen. Tom Coburn’ on ‘Debt Bomb’: Everybody Must Sacrifice
The Debt Bomb book Glenn Beck w/ Senator Tom Coburn on GBTV Stop Washington from Bankrupting America
Uncommon Knowledge: White America Is ‘Coming Apart’
Why You’ve Never Heard of the Great Depression of 1920 | Thomas E. Woods, Jr.
Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending
How Big Is the U.S. Debt?
U.S. Debt Clocks
http://www.usdebtclock.org/
Marc Faber China a Bubble about to burst
Douglas Holtz-Eakin: Going Off the Fiscal Cliff Is Irresponsible
Senator Pat Toomey on Fiscal Cliff: A Strong Recovery Is within Reach
Senator Pat Toomey on Fiscal Policy: We’ve Created a Chilling Environment
Dr. Coburn on Charlie Rose on US Debt Crisis, Leadership Deficit in Washington
The Fuse is Lit: European Perils
Marc Faber the Great Depression all over again
Jim Rogers – A Holocaust is Coming
Real gross domestic product (GDP) rose 1.9 percent in the first quarter of 2012 after rising 3.0 percent in the
fourth quarter, according to estimates released by the Bureau of Economic Analysis. The first-quarter growth rate was unchanged from the second estimate released in May.
Revisions to GDP
For the third estimate of first-quarter real GDP growth, upward revisions to net exports and business investment in structures were offset by downward revisions to consumer spending, inventory investment, and state and local government spending.
Disposable income and saving Real disposable personal income—which adjusts personal income for taxes and inflation—rose 0.7 percent in the first quarter, compared with 0.2 percent in the fourth quarter. The personal saving rate—saving as a percentage of disposable personal income—was 3.7 percent, compared with 4.2 percent in the fourth quarter.
The personal saving rate has declined for six quarters in a row.
GDP highlights
Net exports increased (after decreasing in the fourth quarter), consumer spending accelerated, and residential housing investment picked up in the first quarter. These positive economic contributions, however, were more than offset by a slowdown in inventory investment.
The slowdown in inventory investment reflected a sharp downturn in the manufacturing and wholesale industries. In contrast,
retail inventory investment turned up, especially by motor vehicles dealers.
http://www.bea.gov/newsreleases/national/gdp/gdphighlights.pdf
Congressman Forbes on Lou Dobbs Tonight discusses DHS circumventing immigration laws
IT’S OFFICIAL: Obama Recovery Now Ranks Dead Last in Modern Times
7/6/12
Obama now ranks 10th of 10 recoveries in both jobs & economic growth
http://kevinbrady.house.gov/brady-news-releases/its-official-obama-recovery-now-ranks-dead-last-in-modern-times/
Krauthammer’s Epic Takedown of Obama’s Anti-Business Speech
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‘Unintended Consequences’ Author Ed Conard on Bain Capital, Economics and Obama’s Record
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U.S. debt crisis explained: IOUSA (1 of 8)
U.S. debt crisis explained: IOUSA (2 of 8)
U.S. debt crisis explained: IOUSA (3 of 8)
U.S. debt crisis explained: IOUSA (4 of 8)
U.S. debt crisis explained: IOUSA (5 of 8)
U.S. debt crisis explained: IOUSA (6 of 8)
U.S. debt crisis explained: IOUSA (7 of 8)
U.S. debt crisis explained: IOUSA (8 of 8)
Economic Cycles Before the Fed | Thomas E Woods, Jr.
The Creature From Jekyll Island (by G. Edward Griffin)
Read Full Post | Make a Comment ( None so far )
President Obama Finds Religion–Church of Scientology–Romney Declared Suppressive Person–Give Me That Old Time Religion–Videos
White House rumors are the president will soon announce that he has joined the Church of Scientology.
Obama remarked that “Scientologists are my kind of people”.
Tom Cruise Scientology Video
Tom Cruise / South Park
South Park- Tom Cruise is a fudge packer
Obama was also impressed when the church declared his opponent, Mitt Romney, to be a suppressive person or SP, since he is a member of the Church of Jesus Christ of the Latter-Day Saints.
sp – Scientology Suppressive person declaration
Scientology: Meet an “SP”
Scientology Vs South Park
Looks like there will be a real a battle of the churches come November.
Sailors v. Saints!
Murdoch tweets that Scientology is a “very weird cult” and “Mormonism is a mystery to me, but certainly not evil.”
Rupert Murdoch: Scientology “A Cult”
War of the Cults or Comedians?
The History Of Xenu, As Explained By L. Ron Hubbard In 8 Minutes
Dana Carvey – Scientology
Kathy Griffin on Scientology
Comedian David Cross on scientology
George Carlin – Religion is bullshit.
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The American people are singing Give Me That Old Time Religion.
Give me that old time religion Gary Cooper & Walter Brennan 1941
Ron Paul is looking better and better as the choice of the American people for President.
Ron Paul Highlights Part 1 @ Iowa Family Forum GOP Debate (11/19/11)
Ron Paul Highlights Part 2 @ Iowa Family Forum GOP Debate (11/19/11)
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60 minutes report on Scientology Part 1
60 minutes report on Scientology Part 2
ABC News Nightline Scientology Report (Part 1 of 6)
ABC News Nightline Scientology Report (Part 2 of 6)
ABC News Nightline Scientology Report (Part 3 of 6)
ABC News Nightline Scientology Report (Part 4 of 6)
ABC News Nightline Scientology Report (Part 5 of 6)
ABC News Nightline Scientology Report (Part 6 of 6)
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Hannitys America – Black Liberation Theology (1)
Hannitys America – Black Liberation Theology (2)
Glenn Beck: Obama – Black Liberation Theology 1
Glenn Beck: Obama – Black Liberation Theology 2
Black Liberation Theology
A Conversation with James Cone
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Scientology–Videos
Read Full Post | Make a Comment ( None so far )Scientology–Videos
“Self-contempt, however vague, sharpens our eyes for the imperfections of others. We usually strive to reveal in others the blemishes we hide in ourselves.”
~Eric Hoffer, The True Believer, page 114.
George Carlin – Religion is bullshit.
The Secret Life of L. Ron Hubbard 1/5
The Secret Life of L. Ron Hubbard 2/5
The Secret Life of L. Ron Hubbard 3/5
The Secret Life of L. Ron Hubbard 4/5
The Secret Life of L. Ron Hubbard 5/5
L. Ron Hubbard 1968 Full Interview Part 1
L. Ron Hubbard 1968 Full Interview Part 2 (fixed)
L. Ron Hubbard 1968 Full Interview Part 3
L. Ron Hubbard 1968 Full Interview Part 4
ABC News interviews L. Ron Hubbard’s son and others about scientology
BBC Panorama The Secrets of Scientology (Complete)
A&E Inside Scientology 1- 12
A&E Inside Scientology 2- 12
A&E Inside Scientology 3- 12
A&E Inside Scientology 4- 12
A&E Inside Scientology 5- 12
A&E Inside Scientology 6- 12
A&E Inside Scientology 7- 12
A&E Inside Scientology 8- 12
A&E Inside Scientology 9- 12
A&E Inside Scientology 10- 12
A&E Inside Scientology 11- 12
A&E Inside Scientology 12- 12
What Is Scientology?
Scientology—Inside Golden Era Productions, The Sea Organization
Bringing Scientology to the World—Bridge Publications and New Era Publications
Tom Cruise Scientology Video – ( Original UNCUT )
The Tom Cruise Scientology Video
Scientology: Full Jason Beghe Interview
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JENNA MISCAVIGE (ABC Nightline) SCIENTOLOGY UNDER ATTACK 2
(1 of 16) Ex-Scientologist John Duignan Interview
(2 of 16) Ex-Scientologist John Duignan Interview
(3 of 16) Ex-Scientologist John Duignan Interview
(4 of 16) Ex-Scientologist John Duignan Interview
(5 of 16) Ex-Scientologist John Duignan Interview
(6 of 16) Ex-Scientologist John Duignan Interview
(7 of 16) Ex-Scientologist John Duignan Interview
(8 of 16) Ex-Scientologist John Duignan Interview
(9 of 16) Ex-Scientologist John Duignan Interview
(10 of 16) Ex-Scientologist John Duignan Interview
(11 of 16) Ex-Scientologist John Duignan Interview
(12 of 16) Ex-Scientologist John Duignan Interview
(13 of 16) Ex-Scientologist John Duignan Interview
(14 of 16) Ex-Scientologist John Duignan Interview
(15 of 16) Ex-Scientologist John Duignan Interview
(16 of 16) Ex-Scientologist John Duignan Interview
Scientology: Cult of Abuse (Part 1 of 2)
Scientology: Cult of Abuse (Part 2 of 2)
CBS 48 hours: cult of scientology 1/5
CBS 48 hours: cult of scientology 2/5
CBS 48 hours: cult of scientology 3/5
CBS 48 hours: cult of scientology 4/5
CBS 48 hours: cult of scientology 5/5
The Beginners Guide to L. Ron Hubbard Pt. 1/6
The Beginners Guide to L. Ron Hubbard Pt. 2/6
The Beginners Guide to L. Ron Hubbard Pt. 3/6
The Beginners Guide to L. Ron Hubbard Pt. 4/6
The Beginners Guide to L. Ron Hubbard Pt. 5/6
The Beginners Guide to L. Ron Hubbard Pt. 6/6
Scientology Exposed! L. Ron Hubbard on Drugs & Occult – Narconon Files
60 minutes report on Scientology Part 1
60 minutes report on Scientology Part 2
ABC 20/20 Report on Scientology
ABC News Nightline Scientology Report (Part 1 of 6)
ABC News Nightline Scientology Report (Part 2 of 6)
ABC News Nightline Scientology Report (Part 3 of 6)
ABC News Nightline Scientology Report (Part 4 of 6)
ABC News Nightline Scientology Report (Part 5 of 6)
ABC News Nightline Scientology Report (Part 6 of 6)
IS SCIENTOLOGY ABOVE THE LAW?
ABC NEWS : Scientology in Crisis
Scientology Exposed! L. Ron Hubbard on Drugs & Occult – Narconon Files
“A man is likely to mind his own business when it is worth minding. When it is not, he takes his mind off his own meaningless affairs by minding other people’s business.”
~Eric Hoffer, The True Believer, page 23.
Background Articles and Videos
Scientology: Heber vs. Phil – Part 1
Scientology: Heber vs. Phil – Part 2
Scientology: Heber vs. Phil – Part 3
Scientology’s ‘child labour camp’
A Childhood in Scientology – interview
Scientology: The Clearwater Conspiracy
Interview -learn the language of Scientology
A Glossary of Scientologese
http://web.ncf.ca/cj871/glossary.html
AQ (**NEWBIES**) ARS Jargon Dictionary.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
<a href="http://www.xemu.demon.co.uk/clam/dict2.html">online version</a>
INTRODUCTION.
The Scientology "religion" has its own complex internal jargon, which it
is often necessary to use in discussing their beliefs and evil policies.
You'll probably need to tackle this before you can understand a lot of
the discussion on alt.religion.scientology.
This dictionary gives (mostly) one line definitions of few enough terms
to be comprehensible in a single reading without too much tedium. A
slightlybetter version is at http://www.xemu.demon.co.uk/clam/dict.html
and a comprehensive one at http://www.ncf.carleton.ca/~av282/terms.htm
Neither of these can cover every last acronym for jobs and divisions, of
course, nor substitute for eventually reading up fuller explanations of
some of the subjects discussed. Here is the dictionary:
[A][B][C][D][E]_[F][G][H][I][J]_[K][L][M][N][O]_[P][Q][R][S][T][UVW][XYZ
[A]=====================================================================
ACK(-KNOWLEDGEMENT) of communication; "OK", "Thank you", etcetera.
ADMIN(-ISTRATION) cult bureacracy, laid down in great detail.
AFFINITY, cult word for love or liking.
ARC / Affinity Reality Communication: signifies "rapport".
ARCX/ARC BREAK: argument, cross puposes, abscence of rapport.
ARS / Alt Religion Scientology: newsgroup, mainly critical, about CoS.
ACT / Alt Clearing Technology: newsgroup for independent scientologists.
ARS-CC (Central Committe) secret cabal which is of course plotting all
activity on ARS financed by drug companies & the Markab Confederacy.
AUDITING: scientology confessional ritual; AUDITOR administers it.
[B]---------------------------------------------------------------------
BANK, MEMORY- or REACTIVE MIND, stores up hurtful memories (ENGRAMS).
BARRATRY (English word) bringing lengthy and vexatious lawsuits.
BASH: favourite FREEZONE word for "criticise", to discourage analysis.
BEINGNESS: being something. Similarly DOINGNESS, HAVINGNESS.
BIG WIN: maginificent achievement, usually spiritual i.e. imaginary.
BILLION YEAR CONTRACT, for many lifetimes, signed in the SEA ORG q.v.
BLOW: depart suddenly (fifties slang), leave the cult.
BODY THETANS: degraded spirits parasitic on the bodies of others.
BRIDGE (TO TOTAL FREEDOM) progress through levels of Scn enlightenment.
[C]---------------------------------------------------------------------
CULT AWARENESS NETWORK,formerly anti-cult organisation taken over by Scn
CASE(-STATE), your progress in Scn, seen as a sort of psychotherapy.
C/S, CASE SUPERVISOR, person supervising AUDITORS and their clients.
CLAMS: Hubbard says humans evolved from them, hence nickname for Scienos
CLEAR: having achieved the first main step to Scn enlightenment.
COGNITION: sudden new insight, the desired end point of an AUDITING
process; the Cog for CLEAR is "I am mocking up my reactive mind".
COMMODORE: HUBBARD, a rank he awarded himself; also CommodeDoor etc.
CoS/Church of $cientology (abbreviation).
[D]---------------------------------------------------------------------
DAMNATION NAVY: sarcastic nickname for the SEA ORG(after Salvation Army)
DEAD AGENT: to respond to argument with frenzied personal attack on the
speaker to discredit them. DECLARE someone an S.P.; excommunicate them.
DIANETICS: original psychotherapy form of Scn, before it got religion.
DISCONNECTION: being told by Scn to cut links with friends or family.
DM, DAVID(*)MISCAVIGE--the symbol signifies buttocks round a
puckered anus--current leader of Scn; also POODLE-BOY, TIDYBOWL MAN &c.
DYNAMICS are in order 1self 2family 3tribe...8the_infinite;
"2D" means (as an activity) sex or (as a person) partner.
[E]---------------------------------------------------------------------
ED/EXECUTIVE DIRECTOR: head of an ORG (q.v.)
E-METER: skin resistance meter used to detect reaction in AUDITING.
ENGRAM: a remembered moment of pain inhibitting future actions.
ENTURBULATE: cult word for annoy, harrass, disturb.
EP/END PHENOMENON: desired end result of a Scn AUDITING process.
ETHICS: discipline applied for low production / department applying it.
EXTERIORISE: leave the body and act as a spirit.
========================================================================
\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/
[F]=====================================================================
FAIR GAME: to subject an enemy of Scn to harassment & dirty tricks.
FSM/Field Staff Member: Scn travelling salesman on 15% commission.
FLAG: centre of command, formerly on Hubbard's ship, now in Florida.
FLUB: to fail, or cock it up; a failure, a cockup (50s slang)
FLUNK!you have failed, start again! (50s american slang)
F/N, FLOATING NEEDLE on the E-METER indicates calm contentment.
FREEZONE, FREEZONER: independent scientology, scientologist outside CoS.
[G]---------------------------------------------------------------------
G.I./GROSS INCOME statistic for an ORG--what $cientology is all about.
G.O./GUARDIANS OFFICE: dirty tricks department, now renamed O.S.A.
GRADES or levels within Scn (specifically grades 0..7 lead up to CLEAR).
GREEN VOLUMES are directives on ADMIN, red volumes directives on TECH.
[H]---------------------------------------------------------------------
HANDLE: favourite cult word for "deal with" (a person, situation, etc).
HAT: a job function; HATTED assigned or trained for a hat.
HCO/Hubbard Communications Office. HCO-PL/Policy Letter would be
on ADMIN, HCO-B/Bulletin would be on TECH.
HUBBARD, L. RON: f(L)ounder of Scientology; also PHATSO, EL ROTUNDO etc.
'HO (OF BABBLE-ON): Scn trained attack-lawyer Helena Kobrin (ARS usage).
[I][J]------------------------------------------------------------------
IMPLANT: delusion implanted in us by the forces of evil.
INCIDENT, or ENGRAM, pain memory; INCIDENT2, that described in O.T.3
INDICATE: produce a reaction on the E-METER; informally, to "ring true".
INVALIDATE: belittle, diminish, make less capable.
========================================================================
\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/
[K]=====================================================================
KoX/Knight of XEMU(q.v),title taken by critics after demon figure in Scn
KR /Knowledge Report: ratting on your colleagues in writing.
KSW/Keep Scn. Working: key directive("no deviation from orthodoxy").
[L]---------------------------------------------------------------------
LAZARUS,'Bot (computer program)detects cancelation of any article on ARS
LINES, Scn training & services; ON-LINES consuming training & services.
[M]---------------------------------------------------------------------
MARKAB, a star in Polaris from which the forces of evil supposedly come.
MAA ,Master At Arms, responsible for ETHICS in a SEA ORG unit.
MEATBALL: derogatory FREEZONE term for a materialist, opp. of DreamBall.
MEST,Matter, Energy Space and Time: the illusory physical universe.
ML=MUCH LOVE, sign-off favoured by HUBBARD and some Scienos.
MOCK UP: imagine, visualise, mentally create.
M/U--Misunderstood Word, supposedly source of all failure to understand
or agree cult texts; a way of stopping thought & discouraging questions
[N]---------------------------------------------------------------------
NARCONON, Scn drug rehabilitation front group to scam medicaid funding.
N.E.D,NEW ERA DIANETICS, is DIANETICS revised to include past lives &c.
N.E.D. for OTs (NOTS), now replaces O.T.LEVELS 4 through 7.
[O]---------------------------------------------------------------------
OPERATION SNOW WHITE, an operation by the G.O. to infiltrate government
departments and steal files hostile to Scn.
OPERATION FOOT-BULLET, alleged operation by Scn to get sympathy by
shooting themselves in the foot through disastrous public relations.
ORG(-ANISATION), a Scn local operation or "church" and its building.
O.S.A./OFFICE OF SPECIAL AFFAIRS, dirty tricks dept formely the G.O.;
insiders sometimes pronounce it "OhZer" rather than as separate letters
O.T. /OPERATING THETAN, a THETAN (soul, spirit) able to leave the body
at will and attain godlike powers; O.T.LEVELS, I..VIII, courses
supposed to produce this state. O.T.3 in paricular introduces XEMU
and the key idea of BODY THETANS.
OUT-ETHICS, in breach of disciple; OUT-2D breach of discipline re sex.
========================================================================
\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/
[P][Q]==================================================================
PC/PRE-CLEAR: subject receiving AUDITING to reach the state of CLEAR.
PT /PRESENT TIME: Scns aim to live unreflectively in PT.
PTS/POTENTIAL TROUBLE SOURCE (for the cult); member in touch with
an evil influence or SUPPRESSIVE PERSON.
PURIFICATION RUNDOWN: a step taken early in the grades which involves
lots of sweating in saunas and dangerously high doses of vitamin pills.
[R]---------------------------------------------------------------------
RAW MEAT: chumps, punters, potential recruits.
R(-OUTINE) 2, processes to exteriorise the spirit from the body;
R2-45, R2 process#45, exteriorising by use of a large calibre pistol.
R(-OUTINE) 6, that used in the clearing course; but the related R6
IMPLANT turns up in O.T.3 etcetera and is the source of christianity.
RUD(-IMENT)S: preliminary questions to deal with current upsets or
concerns before proceeding with the main part of AUDITING.
RUN, "run an (auditing) process on a PreClear", take then through the
steps or questions. RUN-DOWN complete set of steps or questions.
REG(-ISTRAR): salesperson in an Org; REG someone, sell them courses.
RICE & BEANS, punishment diet on R.P.F.
RPF/REHABILITATION PROJECT FORCE, punishment duty (in the SEA ORG)
RTC/RELIGIOUS TECHNOLOGY CENTRE, body to enforce CoS copyrights.
[S]---------------------------------------------------------------------
SAINT HILL MANOR, the UK HQ, formerly Hubbard's residence in England.
SCAMIZDAT, samizdat (self-publishing) about scams, a person{s} who
distributed Scn secret crud anonymously all over the Internet.
SCIENTOLOGY--means "science of knowing"--a quack therapy disguised
as a religion, devised in 1950 by a conman called L.Ron HUBBARD.
SEA ORG: originally the Org (parish) based round Hubbard on his ship
the Apollo, now a sort of religious SS in paramiltary naval uniforms.
SOURCE: Hubbard; ON-SOURCE: correct in accord with Hubbard's writings.
SP/SUPPRESSIVE PERSON: enemy, excommunicated; a title taken on freely
by critics who award SP-Levels for achievement in mockery of O.T.LEVELS
SQUIRREL: heretic, FREEZONER, scientologist independent of the "church".
STAT(-SISTIC)S of production, by which eveything is measured.
[T]---------------------------------------------------------------------
TECH(-NOLOGY), the beliefs and quack therapies of Scientology.
THETAN, soul or spirit; THETA = good vibes; ENTHETA = bad vibes.
TONE SCALE: along which various emotions are arranged. Critics, gays,
and other meanies are at "TONE 1.1". TONE 40 = popeyed and screaming
orders like a loon (supposedly, in total control of the situation).
TRs/TRAINING ROUTINES: staring without speaking and other drills
prepartory to giving or receiving AUDITING.
========================================================================
\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/
[UVW]===================================================================
WALL OF FIRE, destruction of the world by fire in INCIDENT2 of O.T.3
WOG, derogatory Scn name for non-believers (in British English it is
equivalent to n****r for Arabs and Indians, after the golliwog doll)
[XYZ]-------------------------------------------------------------------
XEMU, galactic tyrant and chief villain in INCIDENT2 of O.T.3; Hubbard
sometimes spells it XENU, & variously pronounces it ZEE-MYOO or ZEE-MOO
========================================================================
http://www.faqs.org/faqs/scientology/jargon/
Scientology
“Scientology is a body of beliefs and related practices created by L. Ron Hubbard (1911–1986), starting in 1952, as a successor to his earlier self-help system, Dianetics.[4] Hubbard characterized Scientology as a religion, and in 1953 incorporated the Church of Scientology in Camden, New Jersey.[5][6]
Scientology teaches that people are immortal beings who have forgotten their true nature.[7] Its method of spiritual rehabilitation is a type of counselling known as auditing, in which practitioners aim to consciously re-experience painful or traumatic events in their past in order to free themselves of their limiting effects.[8] Study materials and auditing courses are made available to members in return for specified donations.[9] Scientology is legally recognized as a tax-exempt religion in the United States and some other countries,[10][11][12][13] and the Church of Scientology emphasizes this as proof that it is a bona fide religion.[14] In other countries, notably Canada, France, Germany, and the United Kingdom, Scientology does not have comparable religious status.
A large number of organizations overseeing the application of Scientology have been established,[15] the most notable of these being the Church of Scientology. Scientology sponsors a variety of social-service programs.[15][16] These include the Narconon anti-drug program, the Criminon prison rehabilitation program, the Study Tech education methodology, a volunteer organization, a business-management method, and a set of moral guidelines expressed in a booklet called The Way to Happiness.[17]
The Church of Scientology is one of the most controversial new religious movements to have arisen in the 20th century. It has often been described as a cult that financially defrauds and abuses its members, charging exorbitant fees for its spiritual services.[9][18][19] The Church of Scientology has consistently used litigation against such critics, and its aggressiveness in pursuing its foes has been condemned as harassment.[20][21] Further controversy has focused on Scientology’s belief that souls (“thetans”) reincarnate and have lived on other planets before living on Earth,[22] and that some of the related teachings are not revealed to practitioners until they have paid thousands of dollars to the Church of Scientology.[23][24] Another controversial belief held by Scientologists is that the practice of psychiatry is destructive and abusive and must be abolished.[25][26] …”
http://en.wikipedia.org/wiki/Scientology
How CULTS and DOCTRINES work. Scientology Freemasonry Evangelicals Fascism Communism Capitalism
Robert Anton Wilson: Aleister Crowley [FULL]
In Search Of The Great Beast 666
Aleister Crowley -Documentary Part 1
Aleister Crowley -Documentary Part 2
Aleister Crowley – BBC Documentary Part 3
Aleister Crowley – Documentay Part 4
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American History–New York: A Documentary Film — Videos
History of New York Documentary Part 1
History of New York Documentary Part 2
History of New York Documentary Part 3
History of New York Documentary Part 4
History of New York Documentary Part 5
History of New York Documentary Part 6
History of New York Documentary Part 7
History of New York Documentary Part 8
History of New York Documentary Part 9
History of New York Documentary Part 10
History of New York Documentary Part 11
History of New York Documentary Part 12
History of New York Documentary Part 14
History of New York Documentary Part 15
History of New York Documentary Part 16
History of New York Documentary Part 17
History of New York Documentary Part 18
New York: A Documentary Episode 3 Sunshine And Shadow
New York: A Documentary Episode 4 Power and People
New York: A Documentary Episode 5 Cosmopolis
New York: A Documentary Episode 6 A City of Tomorrow
New York: A Documentary Episode 7 City and the World
New York: A Documentary Episode 8 Center of the World
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American History–New York City–1825-1865–Videos
(Part 1/10) New York: A Documentary Film – Episode Two: Order and Disorder (1825-1865)
(Part 2/10) New York: A Documentary Film – Episode Two: Order and Disorder (1825-1865)
(Part 3/10) New York: A Documentary Film – Episode Two: Order and Disorder (1825-1865)
(Part 4/10) New York: A Documentary Film – Episode Two: Order and Disorder (1825-1865)
(Part 5/10) New York: A Documentary Film – Episode Two: Order and Disorder (1825-1865)
(Part 6/10) New York: A Documentary Film – Episode Two: Order and Disorder (1825-1865)
(Part 7/10) New York: A Documentary Film – Episode Two: Order and Disorder (1825-1865)
(Part 8/10) New York: A Documentary Film – Episode Two: Order and Disorder (1825-1865)
(Part 9/10) New York: A Documentary Film – Episode Two: Order and Disorder (1825-1865)
(Part 10/10) New York: A Documentary Film – Episode Two: Order and Disorder (1825-1865)
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American History–New York City–1609-1825–Videos
(Part 1/8) New York: A Documentary Film – Episode One: The Country and The City (1609-1825)
(Part 2/8) New York: A Documentary Film – Episode One: The Country and The City (1609-1825)
(Part 3/8) New York: A Documentary Film – Episode One: The Country and The City (1609-1825)
(Part 4/8) New York: A Documentary Film – Episode One: The Country and The City (1609-1825)
(Part 5/8) New York: A Documentary Film – Episode One: The Country and The City (1609-1825)
(Part 6/8) New York: A Documentary Film – Episode One: The Country and The City (1609-1825)
(Part 7/8) New York: A Documentary Film – Episode One: The Country and The City (1609-1825)
(Part 8/8) New York: A Documentary Film – Episode One: The Country and The City (1609-1825)
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The Chicago Way–Obama Attack Ads Of Romney–Winning The Air War–The Chicago Way of Saul Alinsky–Video
KNOW SAUL ALINSKY AND YOU KNOW BARACK OBAMA AND HIS REGIME
Studs Terkel Interviews Saul Alinsky
“Tactics are those conscious deliberate acts by which human beings live with each other and deal with the world around them. … Here our concern is with the tactic of taking; how the Have-Nots can take power away from the Haves.” p.126 Always remember the first rule of power tactics (pps.127-134):
1. “Power is not only what you have, but what the enemy thinks you have.”
2. “Never go outside the expertise of your people. When an action or tactic is outside the experience of the people, the result is confusion, fear and retreat…. [and] the collapse of communication.
3. “Whenever possible, go outside the expertise of the enemy. Look for ways to increase insecurity, anxiety and uncertainty. (This happens all the time. Watch how many organizations under attack are blind-sided by seemingly irrelevant arguments that they are then forced to address.)
4. “Make the enemy live up to its own book of rules. You can kill them with this, for they can no more obey their own rules than the Christian church can live up to Christianity.”
5. “Ridicule is man’s most potent weapon. It is almost impossible to counteract ridicule. Also it infuriates the opposition, which then reacts to your advantage.”
6. “A good tactic is one your people enjoy.”
7. “A tactic that drags on too long becomes a drag. Man can sustain militant interest in any issue for only a limited time….”
8. “Keep the pressure on, with different tactics and actions, and utilize all events of the period for your purpose.”
9. “The threat is usually more terrifying than the thing itself.”
10. “The major premise for tactics is the development of operations that will maintain a constant pressure upon the opposition. It is this unceasing pressure that results in the reactions from the opposition that are essential for the success of the campaign.”
11. “If you push a negative hard and deep enough, it will break through into its counterside… every positive has its negative.”
12. “The price of a successful attack is a constructive alternative.”
13. Pick the target, freeze it, personalize it, and polarize it. In conflict tactics there are certain rules that [should be regarded] as universalities. One is that the opposition must be singled out as the target and ‘frozen.’…
“…any target can always say, ‘Why do you center on me when there are others to blame as well?’ When your ‘freeze the target,’ you disregard these [rational but distracting] arguments…. Then, as you zero in and freeze your target and carry out your attack, all the ‘others’ come out of the woodwork very soon. They become visible by their support of the target…’
“One acts decisively only in the conviction that all the angels are on one side and all the devils on the other.” (pps.127-134)
|
Saul Alinksky, Rules for Radicals, Vintage Books, New York, 1989. |
http://www.crossroad.to/Quotes/communism/alinsky.htm
From Al Capone to Saul Alinsky to Barack Obama -Methods of Organizing
Saul Alinsky Takes the White House
Mark Levin – Oct 14th – Alinsky’s Rules for Radicals (Part 1 of 3)
Mark Levin – Oct 14th – Alinsky’s Rules for Radicals (Part 2 of 3)
MILTON FRIEDMAN-what alinsky never told obama…
Obama Ad Calls Romney ‘The Problem’ With Job Losses To China
Obama Criticizes Romney Jobs Record In New Ad
Obama for America TV Ad: “Makes You Wonder”
Why Would Mitt Romney Invest Millions in the Cayman Islands?
Unrelenting Obama Jabs at Romney’s Job Record
The Cloward/Piven Strategy 1
The Cloward/Piven Strategy 2
The Cloward/Piven Strategy 3
The End of America….The Cloward-Piven Strategy
Mitt Romney on US Immigration Policy: Why Won’t He Give a Straight Answer?
Mitt Romney Versus Reality: Global Edition
Our Warrior Andrew Breitbart: “Barack Obama is a Saul Alinsky Radical”
Mind blowing speech by Robert Welch in 1958 predicting Insiders plans to destroy America
Alex Jones interview with G Edward Griffin Collectivists Conspiracy
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Gulf of Tonkin and The Straight of Hormuz–Neocons and Progressives Beating The Drums of War-Warmongers–Videos
Bill Moyers: LBJ’s Path to War (1)
Bill Moyers: LBJ’s Path to War (2)
Bill Moyers: LBJ’s Path to War (3)
The Gulf of Tonkin Incident Declassified
What Really Happened at Tonkin Gulf? 60 Minutes opening
Robert McNamara admits Gulf of Tonkin attack did not happen
Iran: A Path to War?
Straits of Hormuz – U.S. Navy fires on fishing boat
BREAKING NEWS – US Navy Kill Innocent Man On Fishing Vessel Near Dubai
Global World War to Erupt In Syria SOON?! (July 15, 2012)
‘Attack on Iran after Syria falls major goal of the West’
All roads lead to Iran
Ron Paul, When will we attack Syria?
Congressman Ron Paul, MD – We’ve Been NeoConned
Background Articles and Videos
The Fifty Years War – Israel and the Arabs – [1/2]
The Fifty Years War – Israel and the Arabs – [2/2]
Read Full Post | Make a Comment ( None so far )
The Comeback Kid–Ron Paul–40% Delegates are for Ron Paul?–Romney Loses Without Paul Supporters–Video
40% Delegates are Ron Paul
FOX News Admits Romney Cannot Win Without Ron Paul Supporters
RON PAUL on RUSH LIMBAUGH
Both Obama and Romney are progressives. Enough said.
War with Iran will happen under President Obama or President Romney.
History repeating itself.
Bill Moyers: LBJ’s Path to War (1)
Bill Moyers: LBJ’s Path to War (2)
Bill Moyers: LBJ’s Path to War (3)
The Gulf of Tonkin Incident Declassified
What Really Happened at Tonkin Gulf? 60 Minutes opening
Robert McNamara admits Gulf of Tonkin attack did not happen
Straits of Hormuz – U.S. Navy fires on fishing boat
BREAKING NEWS – US Navy Kill Innocent Man On Fishing Vessel Near Dubai
Global World War to Erupt In Syria SOON?! (July 15, 2012)
‘Attack on Iran after Syria falls major goal of the West’
All roads lead to Iran
Ron Paul, When will we attack Syria?
Congressman Ron Paul, MD – We’ve Been NeoConned
Start another political party.
7 Million Small Business Owners To President Barack Obama–You’re Fired for Lying, Stealing and Gross Incompetence!–Videos
‘If you’ve got a business – you didn’t build that. Somebody else made that happen.’
~President Barack Obama, July 13, 2012, Roanoke, Virginia
Obama: If You’ve Got A Business, You Didn’t Build That
MILTON FRIEDMAN-what alinsky never told obama…
Barack Obama Lies To America
7 Lies In Under 2 Minutes
You’re Fired!
10 Ways to Get Fired
TRUE LIES – YOU’RE FIRED – CLASSIC
Small Business Owner Says Obama Should Apologize for Economy
operative – An intelligence officer or agent operating in the field.
legend (cover) – The complete cover story developed for an operative.
Who is the REAL Barack Obama?
Obama -The One Video
THE ENIGMA, PART 1: STRANGE BEDFELLOWS
Barack Obama’s Hidden Past – With Bill Whittle (Part 1)
Barack Obama’s Hidden Past – With Bill Whittle (Part 2)
Barack Obama’s Hidden Past – With Bill Whittle (Part 3)
Gen44: The Stunning Narcissism of President Obama
I’m the Fourth Best President™ in American History ~ Barack Obama
KNOW SAUL ALINSKY AND YOU KNOW BARACK OBAMA AND HIS REGIME
Saul Alinsky Takes the White House
Mark Levin – Oct 14th – Alinsky’s Rules for Radicals (Part 1 of 3)
Mark Levin – Oct 14th – Alinsky’s Rules for Radicals (Part 2 of 3)
From Al Capone to Saul Alinsky to Barack Obama -Methods of Organizing
The Chicago Way – The Untouchables
Obama Campaign Accuses Mitt Romney Of Committing A Felony Or Lying To The American People
Did Mitt Romney Commit A Felony By Failing To Correctly Report His Status At Bain Capital?
Obama Ad Calls Romney ‘The Problem’ With Job Losses To China
Obama Criticizes Romney Jobs Record In New Ad
Obama for America TV Ad: “Makes You Wonder”
Why Would Mitt Romney Invest Millions in the Cayman Islands?
Unrelenting Obama Jabs at Romney’s Job Record
Mitt Romney on US Immigration Policy: Why Won’t He Give a Straight Answer?
Mitt Romney Versus Reality: Global Edition
No Evidence
Political Payoffs And Middle Class Layoffs
PICKET:(VIDEO) Obama – ‘If you’ve got a business — you didn’t build that. Somebody else made that happen’
“…President Barack Obama addressed supporters in Roanoke, Virginia on Friday afternoon and took a shot at the business community. President Obama dismissed any credit business owners give themselves for their success:
There are a lot of wealthy, successful Americans who agree with me — because they want to give something back. They know they didn’t — look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something — there are a whole bunch of hardworking people out there. (Applause.)
If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.
The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together. There are some things, just like fighting fires, we don’t do on our own. I mean, imagine if everybody had their own fire service. That would be a hard way to organize fighting fires.
Read Full Post | Make a Comment ( None so far )“…There are a lot of wealthy, successful Americans who agree with me — because they want to give something back. They know they didn’t — look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something — there are a whole bunch of hardworking people out there. (Applause.)
If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.
The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together. There are some things, just like fighting fires, we don’t do on our own. I mean, imagine if everybody had their own fire service. That would be a hard way to organize fighting fires. …”
Background Articles and Videos
Obama’s Real History – The “Lost” Years
Glenn Beck GBTV Real News 2012 04 30 E139
Sam Vaknin Analyzes Barack Obama (Part 1)
Sam Vaknin Analyzes Barack Obama (Part 2)
Sam Vaknin Analyzes Barack Obama (Part 3)
Sam Vaknin Analyzes Barack Obama (Part 4)
Sam Vaknin Analyzes Barack Obama (Part 5)
Obama: Narcissist’s Reaction to Failure and Defeat
Narcissistic Personality Disorder
Narcissistic Defences and Personality
Related Posts On Pronk Palisades
Obama’s Unbroken Record of Repeated Lies And Broken Promises–Videos
American History–Industrialization–Railroads–Steel–Captains of Industry or Robber Barons–Panic of 1873–Videos
A New Industrial Revolution (Condensed Version)
Robber Barons and the Industrial Age
Milton Friedman – The Robber Baron Myth
Henry Bessemer
Andrew Carnegie
The Panic of 1873
Financial Panic of 1873
The Panic of 1873, 1873-1876
Background Articles and Videos
STEEL: From Start to Finish
Steelmaking
The Drama Of Steel – 1946 Educational Documentary
Bethlehem Steel, The People Who Built America
Steel Industry and Abuse of Immigrants
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American History-Triangle Shirtwaist Factory Fire–Videos
“…In the early 1900’s, young women shirtwaist makers – mostly Jewish immigrants, still in their teens –were a powerful force for change. They brought together women’s rights activism and union power, and ignited sweeping changes to worker safety laws.
On Saturday, March 25, 1911, a fire broke out on the top floors of the Triangle shirtwaist factory. Firemen arrived at the scene, but their ladders weren’t tall enough to reach the upper floors of the 10-story building, so workers trapped inside jumped to their deaths. In a half hour, the fire was over, and 146 of the 500 workers — mostly young women — were dead.
Many of us have read about the tragic Triangle fire in school textbooks. But the fire alone wasn’t what made the shirtwaist makers such a focal point for worker safety. In fact, workplace deaths weren’t uncommon then. It is estimated that over 100 workers died every day on the job around 1911.
The shirtwaist makers’ story was so compelling because of the events leading up to the fire. After the fire, their story inspired hundreds of activists across the state and the nation to push for fundamental reforms. For some, like Frances Perkins, who stood helpless watching the factory burn, the tragedy inspired a lifetime of advocacy for workers’ rights. She later became Secretary of Labor under President Franklin D. Roosevelt. …”
The Triangle Fire
It was the worst factory fire in the history of New York City. Late in the afternoon of Saturday, 25 March 1911, fire broke out at the Triangle Shirtwaist Company, located on the 8th, 9th, and 10th floors of the Asch Building. In less than five minutes fire snuffed out the lives of 146 workers.
Remembering the Triangle Shirtwaist fire
America the Story of Us Episode 7 Segment400
Triangle Factory Fire 1-2 (New York: A Documentary Film, Ep4).
Triangle Factory Fire 2-2 (New York: A Documentary Film, Ep4).
Triangle Shirtwaist Factory Fire 1911 New York City Reenactment ILGWU
The Triangle Shirtwaist Factory Fire of 1911
Triangle Shirtwaist Fire
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American History–Mill Times–Videos
PBS – Mill Times – David Macaulay
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American History–Thomas E. Woods, Jr., Ph.D.–The Politically Incorrect Guide to American History Lectures–Videos
The Politically Incorrect Guide to American History, Lecture 1 | Thomas E. Woods, Jr.
Lecture 1, “Themes and Lessons from Colonial America” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 2 | Thomas E. Woods, Jr.
Lecture 2, “The Constitution: Four Disputed Clauses” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 3 | Thomas E. Woods, Jr.
Lecture 3, “The Principles of ’98” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 4 | Thomas E. Woods, Jr.
Lecture 4, “Lysander Spooner and Other Antebellum Radicalism” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 5 | Thomas E. Woods, Jr.
Lecture 5, “Secession and the American Experience” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 6 | Thomas E. Woods, Jr.
Lecture 6, “Secession and War” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 7 | Thomas E. Woods, Jr.
Lecture 7, “Reconstruction” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 8 | Thomas E. Woods, Jr.
Lecture 8, “Myths and Facts About Big Business” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 9 | Thomas E. Woods, Jr.
Lecture 9, “World War I” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 10 | Thomas E. Woods, Jr.
Lecture 10, “The 1920s – Domestic and International” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 11 | Thomas E. Woods, Jr.
Lecture 11, “Herbert Hoover and the Great Depression” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 12 | Thomas E. Woods, Jr.
Lecture 12, “The Economics of the New Deal and World War II” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 13 | Thomas E. Woods, Jr.
Lecture 13, “The History of Foreign Aid Programs” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 14 | Thomas E. Woods, Jr.
Lecture 14, “Civil Rights and the Supreme Court” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
The Politically Incorrect Guide to American History, Lecture 15 | Thomas E. Woods, Jr.
Lecture 15, “Welfare Programs and the Great Society” by Dr. Thomas E. Woods, Jr., a senior fellow in history at the Ludwig von Mises Institute, presents this fifteen-lecture course covering the material in his book The Politically Incorrect Guide to American History. Presented to the Auburn University Academy for Lifelong Learners, and recorded at the Mises Institute in Auburn, Alabama between September 2006 and March 2007.
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American History–Immigration–Pursuit of A Dream–Videos
Updated and Revised October 14, 2015
Immigration by the Numbers — Off the Charts
A startling look at how U.S. immigration will add 300 million people to the country this century if immigration policies are not changed. This dramatic presentation of the latest Census data raises serious immigration questions about the ability of the country to achieve environmental sustainability and to meet the quality-of-life infrastructure needs of the national community considering current immigration policy. Presented by immigration author/journalist Roy Beck
Immigration, World Poverty and Gumballs – Updated 2010
Immigration – Global humanitarian reasons for current U.S. immigration are tested in this updated version of immigration author and journalist Roy Beck’s colorful presentation of data from the World Bank and U.S. Census Bureau. The 1996 version of this immigration gumballs presentation has been one of the most viewed immigration policy presentations on the internet. Presented by immigration author/journalist Roy Beck
A 1946 film on Immigration – Reviews the history of immigration to the United States
Coming to America New York s Immigrants
Immigration Through Ellis Island – Award Winning Documentary Video Film
America’s Immigration History
US History – Immigration and Nativism
Forgotten Ellis Island
Dutch New York with Historian Barry Lewis – Dutch Golden Age Segment
iFly TV: Dutch heritage in New York
New Netherland — the best kept secret in American history | Charles Gerhring | TEDxHudson
Dutch immigration
From 1820 to 1900 over 340,000 people from Holland emigrated to the United States. After the Second World War Holland was the most-densely populated country in the world. As a result the Dutch government encouraged people to emigrate to America. Today there are approximately 8,000,000 Americans of Dutch descent in the United States. The majority live in just ten states: California, New York, Michigan, Pennsylvania, Ohio, Texas, Illinois, Florida, Washington and Iowa. An investigation carried out in 1978 revealed that since 1820 over 359,000 people emigrated to the United States from Holland.
Find more free dutch videos at http://www.dutchlearn.com
01 The Irish in America: Long Journey Home: The Great Hunger
02 The Irish in America: Long Journey Home: All Across America
03 The Irish in America: Long Journey Home: Up From City Streets
04 The Irish in America: Long Journey Home: Success
Out of Ireland: The Story of Irish Emigration to America, Full Movie
The Appalachians: The Scotch-Irish
Becoming American: The Chinese Experience
Bill Moyers’ Documentary “Becoming American
Becoming an American Part 2
Becoming an American Part 3
Becoming an American Part 4
Becoming an American Part 5
Becoming an American Part 6
Becoming an American Part 7
Becoming an American Part 8
Illegal aliens crossing the mexican border
Illegal Immigration Isn’t a Joke
The High Cost of Illegal Immigration
Obama 57 States
Idiots who voted for Obama
Southpark – They Took Our Job!
Obama On Illegal Immigration,”I Walked”
Krauthammer: The U.S.-Mexico Border Has About As Much Reality As The Iraq-Syria Border
America is not a dumping ground – HEATED Debate over Illegal immigrant children
Obama Triggers a Massive Surge of Illegal Immigrant Children(90,000!)
Wave Of Illegal Immigrants Cross Into U.S.: Critics Blame Obama’s Policies For Chaos On The Border
The Illegal Invasion of America
Why are illegal immigrants given incentives and assistance by the U.S. government to invade American soil? Why are dangerous criminals released back into the country after committing heinous crimes against Americans? Who is behind this push to destroy the United States and turn it into a third world nation?
Illegals Invade – Critics Blame Obama’s Immigration Policy For Crisis At Southern Border -Fox Report
No Country for White Children
Background Articles and Videos
IMMIGRATION BY THE NUMBERS – PART ONE
Roy Beck: Immigration by the Numbers 2
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American History–United States of America’s Entry Into World War I–Videos
World War I: Entry Of The United States 1/4
World War I: Entry Of The United States 2/4
World War I: Entry Of The United States 3/4
World War I: Entry Of The United States 4/4
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American History–Panic of 1893–Videos
Murray Rothbard on Economic Recessions
The Panic of 1893 with Lawrence Reed
William Jennings Bryan’s Cross of Gold Speech
Background Articles and Videos
American Monarchy
The Wizard of Oz and the 1896 Presidential Election
Excerpt from NPR program on the hypothesis that the book, The Wizard of Oz, was based on the 1896 presidential election and the controversy over gold vs. silver as a monetary standard. It might be noted that the hypothesis is still a matter of controversy.
Murray Rothbard vs Nationalization pt2
Anarchism and Terrorism in the 1890s | by Jeff Riggenbach
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American History–Transcontinental Railroads–Videos
Transcontinental Railroad (1 of 5)
By the middle of the 19th century, the benefits brought by the host of advances of the industrial age were gradually beginning to reach America, which soon developed a spectacular achievement of its own – the Transcontinental Railway, reaching right across the continent. They battled against hostile terrain, hostile inhabitants, civil war and the Wild West. With two teams, one building from the east and the other from California in the west, they battled against hostile terrain, hostile inhabitants, civil war and the Wild West. Yet in 1869, the two teams’ tracks were joined, shrinking the whole American continent, as the journey from New York to San Francisco was reduced from months to days.
Transcontinental Railroad (2 of 5)
Transcontinental Railroad (3 of 5)
Transcontinental Railroad (4 of 5)
Transcontinental Railroad (5 of 5)
Richard White (6/8/11)
Myths About the Transcontinental Railroad and the Building of the American West
Richard White, Professor of History, Stanford University; Author, Railroaded: The Transcontinentals and the Making of Modern America
Drawing on his extensive knowledge on the American West and 12 years of research on the railroads, White will reveal the social and economic impact the transcontinental railroad has had on shaping the United States into what it is today. With an iconoclastic perspective, White recasts our understanding of the Gilded Age. Hop aboard as White explores 19th-century politics, greed, corruption, money, and corporate arrogance — and the America formed out of them after the Civil War.
Transcontinental Railroad
http://www.globalsecurity.org/military/facility/rr-transcontinental-railway.htm
Background Articles and Videos
The Transcontinental Railroad: Uniting the States of America (2010 National History Day)
Extreme Trains – Transcontinental (Season 01 Episode 08)
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Obama’s Big Lie–No New Taxes For Americans Earning Less Than $250,000–Obamacare Is A Huge Massive Tax Increase–Do Not Believe or Trust Obama–The Liar and Narcissist!–Videos
WSJ Chief Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making $120K or Less
Barack Obama’s version of “read my lips NO NEW TAXES”
OBAMA MANDATORY TAX ON HEALTH CARE IS NOT A TAX
Megyn Kelly: Democrats Committed Fraud By Not Representing Obamacare as a Tax
ObamaCare: Obama’s Regressive Tax on the Middle Class
Just Another Broken Promise
Obama, Which One Did You Vote For?
7 Lies In Under 2 Minutes
Obama will cut deficit in half FEB 2009
Who is the REAL Barack Obama?
Obama: Narcissist’s Reaction to Failure and Defeat
President Obama’s Spending
“…Spending has gone up from $2.98 trillion in 2008—the year before Obama came into office—to a proposed $3.80 trillion in 2013. That is a 28-percent increase in five years, which represents a compound annual growth rate of 5.0 percent. Because the economy has stagnated during this period, spending has increased as a share of GDP. …”
http://www.cato-at-liberty.org/president-obamas-spending/
Krauthammer: Obama’s debt increase “radical, unprecedented”
President’s Revenue Proposals vs National Debt
Recent US Federal Deficit Numbers
Obama Deficits |
Bush Deficits |
FY 2013*: $901 billion |
FY 2009: $1,413 billion |
FY 2012*: $1,327 billion |
FY 2008: $459 billion |
FY 2011: $1,300 billion |
FY 2007: $161 billion |
FY 2010: $1,293 billion |
Although the federal deficit is the amount each year by which federal outlays in the federal budget exceed federal receipts, the gross federal debt increases each year by substantially more than the amount of the deficit each year. That is because a substantial amount of federal borrowing is not counted in the budget.
http://www.usgovernmentspending.com/federal_deficit_chart.html
U.S. Debt Clock
Taxes and Trust – The Achilles Heels of Obamacare and Obama, Part I
By Pat Caddell
“…This November, if President Obama goes before the voters on the defensive–that is, on a rickety platform of defending Obamacare as a tax increase–it is he who has a huge problem. After all, his healthcare program was sold as a boon to the middle class, with a few regulatory sticks included therein. But if Obamacare can be exposed for what it is–a huge tax increase, the reality of which Obamacare proponents did their best to obscure–then the probability of his survival shrinks dramatically. To be sure, such an exposing of Obamacare as the ObamaTax will not be easy; the White House and the Democrats, as well as their handmaidens in the Main Stream Media, will do their best to armor up against any attack on the tax issue.
So Romney must wield that cudgel, and wield it hard. And so must Republicans, because if the campaign against Obamacare–the ObamaTax–is to be truly effective, it must be a top-to-bottom message. Indeed, as we shall see, the anti-ObamaTax message could be even stronger for down-ballot Republicans than for Romney himself.
The challenge is to keep the focus on the tax–the ObamaTax. Obamacare is many things, but the biggest single thing is the thing that they said it wasn’t–the ObamaTax.
The American people have shown that they can tolerate incompetent policy. But what they will not tolerate is being lied to. As a Jesuit might say, incompetence is a venial sin, but deception is a mortal sin. And so if troubling questions about Barack Obama’s incompetence turn into serious concerns about his character, the President will lose.”
http://www.breitbart.com/Big-Government/2012/07/09/taxes-and-trust
Examiner Editorial: Obamacare is loaded with big tax increases
“…If implemented in 2014, the penalty on individuals who don’t purchase health insurance will boost government revenue by $27 billion through 2021, according to an analysis done last year by the CBO. The requirement that certain employers provide acceptable insurance or pay a penalty would raise an additional $82 billion.
Additional destructive tax increases include a $259 billion Medicare payroll tax hike and $148 billion in taxes on medical device makers, drug companies and insurers. Such taxes will not only be inevitably passed on to consumers of all income levels, but will stifle innovation by vacuuming up money that could have otherwise been spent on research and development. The law also includes a 3.8 percent surtax on investment income for households earning more than $250,000, as well as a number of smaller tax increases, such as the 10 percent tax on indoor tanning.
In all, the CBO has identified $813 billion in taxes over the next decade (2012 through 2021). And even this number understates the true cost of the law to taxpayers, because many of the revenue-raising measures don’t go into effect for several years. In the most obvious example, Obamacare is set to impose a tax on benefit-rich insurance policies. At first glance, the CBO report shows this so-called “Cadillac tax” will raise $111 billion over 10 years. But a closer look shows that it isn’t scheduled to kick in until 2018, so that $111 billion number is only for the first four years of its implementation.
Instead of narrowly focusing on the issue of whether or not the mandate should count as a tax, opponents of Obamacare should use this opportunity to make a broader point about the many expensive and punishing taxes that the law piles on businesses and the American people.
What Romney Needs To Say About Romneycare
By Mona Charen
“…Before Romney’s time, Massachusetts had enacted a number of laws that made its health-care system needlessly expensive. All policies offered in the state were required to cover expensive treatments like substance-abuse counseling and infertility. In 1996, the state passed a law requiring “guaranteed issue” and “community rating” — meaning people could wait until they got sick to purchase health insurance. Naturally, rates skyrocketed. In addition, a 1986 federal law required hospital emergency rooms to treat all patients, regardless of ability to pay.
Romney’s idea was to permit Massachusetts insurers to sell catastrophic plans. As Avik Roy explained in Forbes, “Shorn of the costly mandates and restrictions originating in earlier state laws, these plans, called ‘Commonwealth Care Basic,’ could cost much less. Romney also proposed merging the non-group and small-group markets, so as to give individuals access to the more cost-effective plans available to small businesses.” Romney’s plan would also have involved a degree of cost sharing, so that those receiving subsidies would have an incentive to minimize their consumption.
Romney agreed to the mandate believing that Massachusetts citizens would get the opportunity to purchase inexpensive, catastrophic plans. But the legislature, together with Romney’s successor as governor, Deval Patrick, changed the law to require insurers to offer three tiers of coverage — all of them far beyond catastrophic care. Perhaps Romney ought to have foreseen what future legislatures and governors would do — but that’s a far cry from the accusation that Romneycare was indistinguishable from Obamacare.
Romney’s proposed reforms included fraud-prevention measures for Medicaid, requiring the income of both parents to be considered in children’s Medicaid eligibility, medical-malpractice tort reform, and giving individuals the same treatment as small businesses in the purchase of health plans. He envisioned a system of increased competition and choice.
The bill that passed the legislature contained a number of features Romney couldn’t countenance. He opposed the mandate, preferring to permit individuals to post a $10,000 bond in lieu of insurance. The legislature overrode him. He vetoed the employer mandate, coverage for illegal aliens, the creation of a new bureaucracy to be called the Public Health Council, a provision limiting improvements to Medicaid, and another provision expanding Medicaid coverage to include dental care. His vetoes were overridden.
The health-reform law Romney introduced — as opposed to the one that was implemented by his successor — stressed competition, reduced regulation, and expanded choice for the consumer.
It was a mistake for Romney to sign the bill. As Avik Roy put it, “The individual mandate was a loaded gun that Romney handed to his opponents, who used it to force individuals to buy comprehensive insurance they didn’t need.” But Romney’s bona fides as a free-market advocate and critic of Obamacare are not undermined by Romneycare. He can rightly claim that he foresaw, and attempted to prevent, the consequences of heavy-handed government control of the health-care market.”
http://www.nationalreview.com/articles/304834/what-romney-needs-say-about-romneycare-mona-charen
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