Economic Consequences of Obama: Worse Economic Recovery in U.S. History–Jumping Off The Fiscal Cliff–Fuse Lit On Debt Bomb!–Videos

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Pronk Pops Show 84: July 25, 2012

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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

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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

“…With the new June jobs report in hand, President Barack Obama’s economic recovery now ranks as the worst in modern times in terms of both job creation and economic growth, says the GOP leader of Congress’s Joint Economic Committee.
Texas Congressman Kevin Brady, the top Republican on the Joint Economic Committee, observed that the June Employment Report released today by the Bureau of Labor Statistics along with the gross domestic product report released by the Bureau of Economic Analysis on June 28th has marked a milestone: President Obama’s economic recovery ranks as dead last in the post-World War II era.
“Since 1945, the United States has had ten economic recoveries that lasted more than one year. In terms of both how fast the U.S. economy has recovered and how many private sector jobs have been created since the recession’s low point, President Obama now ranks tenth of ten – that’s dead last”, said Brady.
“Three years after the recession officially ended in June 2009, we still have more than four million fewer private sector jobs than we did when the recession started,” he continued. “And for the 41st consecutive month, the unemployment rate has soared above a discouraging 8%.”
Brady says that while President Obama boosts about the 4.4 million private sector jobs he claims have been created during the latest 28 months, put in perspective “President Obama’s recovery has been weaker than every one of his predecessors in the past seven decades. He can try to spin it any way he wants but when measured by jobs or by economic growth he’s at the bottom of the list.”
Last week, the Bureau of Economic Analysis reported that real GDP grew expanded by 6.7% over eleven quarters since the recession ended. Today, the Bureau of Labor Statistics reported the number of private sector jobs had grown by a mere 4.1% since the cyclical low point.
In contrast, real GDP expanded by 17.6%, and private sector jobs ballooned by 10.7% during comparable periods of the Reagan recovery. “Obama’s economic record, frankly, is embarrassing,” Brady said.
“Think about it – despite President Obama’s stimulus, financial bailout, housing bailout, auto bailout, cash-for-clunkers, cash-for-caulkers and an unprecedented five trillion dollars in deficit spending, the Obama recovery is officially dead last in results. Can unemployed Americans really afford four more years of this failed economic leadership?” …”

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

Congressman Kevin Brady Questions Fed Chairman Ben Bernanke 6-7-12

‘Unintended Consequences’ Author Ed Conard on Bain Capital, Economics and Obama’s Record

‘Don’t Vote For Obama’ – President’s Harvard Professor

Robert Mangabeira Unger – “Beyond Obama”

Background Articles and Videos

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)


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