Federal Government Budget

The Key To Identity Politics: Ignorance and Apathy of Voters — I Don’t Know and I Don’t Care — I Am A Woman and Will Vote For Hillary Clinton — I am Hispanic and Will Vote For Marco Rubio or Ted Cruz — I am Fat and Will Vote For Chris Christie — I am White and Will Vote For Rand Paul — I am Rich and Will Vote For Jeb Bush — I Make Stupid Remarks and Will Vote for Joe Biden — The Tyranny of Ignorance and Apathy — Garbage In — Garbage Out — Videos

Posted on April 14, 2015. Filed under: American History, Banking, Blogroll, Business, College, Comedy, Communications, Constitution, Corruption, Crisis, Documentary, Economics, Education, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government, government spending, history, Illegal, Immigration, Investments, IRS, Law, Legal, liberty, Life, Links, media, Monetary Policy, Money, Music, People, Philosophy, Photos, Politics, Press, Psychology, Radio, Radio, Rants, Raves, Regulations, Religious, Religious, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Terrorism, Unemployment, Video, War, Water, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 445: April 14, 2015

Pronk Pops Show 444: April 13, 2015

Pronk Pops Show 443: April 9, 2015

Pronk Pops Show 442: April 8, 2015

Pronk Pops Show 441: April 6, 2015

Pronk Pops Show 440: April 2, 2015

Pronk Pops Show 439: April 1, 2015

Pronk Pops Show 438: March 31, 2015

Pronk Pops Show 437: March 30, 2015 

Pronk Pops Show 436: March 27, 2015 

Pronk Pops Show 435: March 26, 2015

Pronk Pops Show 434: March 25, 2015

Pronk Pops Show 433: March 24, 2015

Pronk Pops Show 432: March 23, 2015

Pronk Pops Show 431: March 20, 2015

Pronk Pops Show 430: March 19, 2015

Pronk Pops Show 429: March 18, 2015

Pronk Pops Show 428: March 17, 2015 

Pronk Pops Show 427: March 16, 2015

Pronk Pops Show 426: March 6, 2015

Pronk Pops Show 425: March 4, 2015

Pronk Pops Show 424: March 2, 2015

Pronk Pops Show 423: February 26, 2015

Pronk Pops Show 422: February 25, 2015 

Pronk Pops Show 421: February 20, 2015

Pronk Pops Show 420: February 19, 2015

Pronk Pops Show 419: February 18, 2015

Pronk Pops Show 418: February 16, 2015

Pronk Pops Show 417: February 13, 2015

Pronk Pops Show 416: February 12, 2015

Pronk Pops Show 415: February 11, 2015

Pronk Pops Show 414: February 10, 2015

Pronk Pops Show 413: February 9, 2015

Pronk Pops Show 412: February 6, 2015

Pronk Pops Show 411: February 5, 2015

Pronk Pops Show 410: February 4, 2015

Pronk Pops Show 409: February 3, 2015

Pronk Pops Show 408: February 2, 2015

Pronk Pops Show 407: January 30, 2015

Pronk Pops Show 406: January 29, 2015

Pronk Pops Show 405: January 28, 2015

Pronk Pops Show 404: January 27, 2015

Pronk Pops Show 403: January 26, 2015

Pronk Pops Show 402: January 23, 2015

Pronk Pops Show 401: January 22, 2015

Pronk Pops Show 400: January 21, 2015

Pronk Pops Show 399: January 16, 2015

Pronk Pops Show 398: January 15, 2015

Pronk Pops Show 397: January 14, 2015

Pronk Pops Show 396: January 13, 2015

Pronk Pops Show 395: January 12, 2015

Pronk Pops Show 394: January 7, 2015

Pronk Pops Show 393: January 5, 2015

Story 1: The Key To Identity Politics: Ignorance and Apathy of Voters — I Don’t Know and I Don’t Care — I Am A Woman and Will Vote For Hillary Clinton —  I am Hispanic and Will Vote For Marco Rubio or Ted Cruz — I am Fat and Will Vote For Chris Christie — I am White and Will Vote For Rand Paul — I am Rich and Will Vote For Jeb Bush — I Make Stupid Remarks and Will Vote for Joe Biden — The Tyranny of Ignorance and Apathy — Garbage In — Garbage Out — Videos

Is The Best We Can Do?candidates

bush clinton 2

George Carlin – It’s a big club and you ain’t in it

C.W. McCALL – CONVOY 1975 (Audio Enhanced)

Hillary Clinton Road Trips to Iowa

The Blues Brothers – Aretha Franklin

Exploring Liberty: The Problem of Political Ignorance

Ilya Somin is a Professor of Law at the George Mason University School of Law and is also a regular contributor at The Volokh Conspiracy, a group law blog.

Francis Fukuyama: Identity Politics

Hillary: ‘Let’s Keep Fighting’ For Women

Marco Rubio: Election Is ‘A Generational Choice About What Kind Of Country We Will Be’

Christie Proposes Income Cap on Social Security

Rand Paul on Civil Rights Act of 1964 – May 20, 2010

If Jeb Bush Is In, Who Will Win Wall Street’s Money?

Joe Biden Says Dumb Things

Blues Brothers 2000: Aretha Franklin – R-E-S-P-E-C-T (Respect)

C.W. McCall – I Don’t Know And I Don’t Care

George Carlin – Voting

The Best of George Carlin: Exposing our government and fall of humanity one joke at a time

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 439-445

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Listen To Pronk Pops Podcast or Download Show 391-399

Listen To Pronk Pops Podcast or Download Show 383-390

Listen To Pronk Pops Podcast or Download Show 376-382

Listen To Pronk Pops Podcast or Download Show 369-375

Listen To Pronk Pops Podcast or Download Show 360-368

Listen To Pronk Pops Podcast or Download Show 354-359

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

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Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

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Tea Party Traitor and Neoconservative Republican Poster Boy Marco Rubio Running For President in 2016 and For Government Intervention In The Middle East — Courts Mitt Romney Endorsement — Kiss of Death — Video

Posted on April 13, 2015. Filed under: American History, Articles, Banking, Blogroll, Business, Catholic Church, Central Intelligence Agency (CIA), Climate, College, Communications, Constitution, Corruption, Crisis, Diasters, Documentary, Drones, Economics, Education, Employment, Energy, Ethic Cleansing, European History, Faith, Family, Federal Bureau of Investigation (FBI), Federal Government, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, Freedom, government, government spending, Health Care, history, Illegal, Immigration, Investments, IRS, Islam, Law, Legal, liberty, Life, Links, Macroeconomics, media, Middle East, Missiles, Monetary Policy, Money, Money, National Security Agency (NSA_, Natural Gas, Natural Gas, Nuclear, Nuclear Power, Obamacare, Oil, Oil, People, Philosophy, Politics, Press, Psychology, Radio, Radio, Rants, Raves, Religion, Resources, Security, Strategy, Talk Radio, Tax Policy, Taxes, Terrorism, Unemployment, Video, War, Wealth, Weapons of Mass Destruction, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 444: April 13, 2015

Pronk Pops Show 443: April 9, 2015

Pronk Pops Show 442: April 8, 2015

Pronk Pops Show 441: April 6, 2015

Pronk Pops Show 440: April 2, 2015

Pronk Pops Show 439: April 1, 2015

Pronk Pops Show 438: March 31, 2015

Pronk Pops Show 437: March 30, 2015 

Pronk Pops Show 436: March 27, 2015 

Pronk Pops Show 435: March 26, 2015

Pronk Pops Show 434: March 25, 2015

Pronk Pops Show 433: March 24, 2015

Pronk Pops Show 432: March 23, 2015

Pronk Pops Show 431: March 20, 2015

Pronk Pops Show 430: March 19, 2015

Pronk Pops Show 429: March 18, 2015

Pronk Pops Show 428: March 17, 2015 

Pronk Pops Show 427: March 16, 2015

Pronk Pops Show 426: March 6, 2015

Pronk Pops Show 425: March 4, 2015

Pronk Pops Show 424: March 2, 2015

Pronk Pops Show 423: February 26, 2015

Pronk Pops Show 422: February 25, 2015 

Pronk Pops Show 421: February 20, 2015

Pronk Pops Show 420: February 19, 2015

Pronk Pops Show 419: February 18, 2015

Pronk Pops Show 418: February 16, 2015

Pronk Pops Show 417: February 13, 2015

Pronk Pops Show 416: February 12, 2015

Pronk Pops Show 415: February 11, 2015

Pronk Pops Show 414: February 10, 2015

Pronk Pops Show 413: February 9, 2015

Pronk Pops Show 412: February 6, 2015

Pronk Pops Show 411: February 5, 2015

Pronk Pops Show 410: February 4, 2015

Pronk Pops Show 409: February 3, 2015

Pronk Pops Show 408: February 2, 2015

Pronk Pops Show 407: January 30, 2015

Pronk Pops Show 406: January 29, 2015

Pronk Pops Show 405: January 28, 2015

Pronk Pops Show 404: January 27, 2015

Pronk Pops Show 403: January 26, 2015

Pronk Pops Show 402: January 23, 2015

Pronk Pops Show 401: January 22, 2015

Pronk Pops Show 400: January 21, 2015

Pronk Pops Show 399: January 16, 2015

Pronk Pops Show 398: January 15, 2015

Pronk Pops Show 397: January 14, 2015

Pronk Pops Show 396: January 13, 2015

Pronk Pops Show 395: January 12, 2015

Pronk Pops Show 394: January 7, 2015

Pronk Pops Show 393: January 5, 2015

Story 2: Tea Party Traitor and Neoconservative Republican Poster Boy Marco Rubio Running For President in 2016 and For Government Intervention In The Middle East —  Courts Mitt Romney Endorsement — Kiss of Death — Video

marco rubio cartoonrubiorubio immigrationrubio cartoon immigrationrubio cartoon 2marco-rubio immigration Rubio puppet
rubio-immigration-cartoon

Sen. Marco Rubio announces presidential run

Sen. Marco Rubio Announces 2016 Presidential Bid • 4/13/15 •

Marco Rubio Announces 2016 Presidential Bid

Sen Marco Rubio announces presidential bid

Michelle Malkin calls out Marco Rubio for “posing as a Tea Party spokesman”

Rand Paul, Marco Rubio, Ted Cruz fight on the Senate floor

Laura Ingraham Confronts Marco Rubio Over Immigration Reform: ‘Stop Dividing The Republican Party’

Ann Coulter blasts immigration bill, Rubio – Rubio is the Jack Kevorkian of the Republican Party

Ann Coulter trashes Marco Rubio

Brit Hume and Laura Ingraham argue about Marco Rubio

Mark Levin grills Marco Rubio on immigration proposal

A Conversation with Senator Marco Rubio

Marco Rubio (American Neocon) on Iran “No option should be off the table”

Marco Rubio Is a Polished Performer, but He’s Out of Position

Why You Should NOT Vote For Marco Rubio In 2016

Marco Rubio Grills Hillary Clinton About Benghazi (Testimony)

Mark Levin: “I despise the neocons! I am not a neocon!”

Neoconservatism: An Obituary for an Idea (Cato Institute Book Forum, 2011)

Congressman Ron Paul, MD – We’ve Been NeoConned

Rubio jumps into White House race with jab at Hillary Clinton

 

Sen. Marco Rubio (R-Fla.) on Monday entered the race for the White House, telling donors on a conference call that he is “uniquely qualified” to lead the Republican Party into battle against Hillary Clinton in 2016.

“I feel uniquely qualified to not just make that argument, but to outline the policies that we need to have in order to achieve it,” Rubio told the donors, according to The Associated Press.

Portraying Clinton as a candidate of the past, Rubio, 43, talked about the opportunity awaiting the GOP as it seeks to recapture the White House after eight years out of power.

“The Republican Party, for the first time in a long time, has a chance in this election to be the party of the future,” Rubio said on the call.

“Just yesterday, we heard from a leader from yesterday who wants to take us back to yesterday, but I feel that this country has always been about tomorrow.”

Rubio is expected to officially launch his candidacy Monday evening in Miami against the backdrop of the Freedom Tower, a setting that will give him a chance to tout his heritage as the son of Cuban parents who fled to America in the 1950s.

The Florida senator, who is serving in only his first term, is entering an increasingly crowded GOP field that already includes Sens. Ted Cruz (Texas) and Rand Paul (Ky.). A host of other candidates are waiting in the wings, including Wisconsin Gov. Scott Walker and former Florida Gov. Jeb Bush.

It had long been thought that Rubio would not run for the White House against Bush, given their personal history and shared base of support in the Florida Republican Party.

But much like Obama in 2008, Rubio appears willing to gamble his political future on the notion that his party will be looking for a fresh face, particularly given the GOP’s difficulty in attracting minority voters in the last two presidential elections.

If elected, Rubio would become the first Hispanic president in American history.

Rubio told ABC News’ George Stephanopoulos in an interview Monday that he believes he’s “absolutely” the best candidate for the Oval Office.

“I think the 21st century can be the American century, and I believe that I can lead this country in that direction,” he said.

Rubio is trying to generate buzz for his presidential campaign the day after Clinton jumped into the race with an online video where she declared her desire to be the “champion” of “everyday Americans.”

While Clinton’s rollout could overshadow Rubio’s, it could also play to his advantage by allowing him to draw a contrast with the former secretary of State, who has been a presence on the national stage for nearly three decades.

Thus far in the race, Rubio is polling outside the top tier of Republicans hopefuls.

But Rubio, a staunch conservative who was deemed a rising star after his election victory in 2010, is very well liked among Republican voters. Recent numbers from Democratic Public Policy Polling found that 55 percent had a favorable view of him, the highest of any potential GOP candidate.

Still, in order to win the nomination, Rubio will have to assure conservatives who were turned off by his involvement in the Senate’s failed immigration reform effort in 2013.

Rubio helped write a bill with Democrats that passed the Senate but died in the House after an outpouring of conservative opposition.

He has tried to make amends for his role crafting that bill, telling activists in February that he’s “learned” from the experience that securing the border must come first.

“You can’t just tell people you’re going to secure the border. … You have to do that, they have to see it, they have to see it working, and then they’re going to have a reasonable conversation with you about the other parts, but they’re not going to even want to talk about that until that’s done first,” he said at the Conservative Political Action Conference.

Rubio is expected to make foreign policy one of the centerpieces of his campaign, and has emerged as one of the most vocal critics of Obama’s move to normalize diplomatic relations with Cuba.

Following his campaign launch, Rubio will return to Washington for Senate business, including a high-profile Foreign Relations Committee hearing on Iran.

On Friday, he’ll head to New Hampshire for a full day of campaigning in the critical primary state.

http://thehill.com/blogs/ballot-box/presidential-races/238595-report-rubio-announces-candidacy

Mitt Romney warms to Marco Rubio as young senator cultivates relationship

By Robert Costa and Philip Rucker

Sen. Marco Rubio has been cultivating a relationship with Mitt Romney and his intimates, landing some of the 2012 Republican nominee’s top advisers and donors and persistently courting others as he readies an expected 2016 presidential campaign.

In a crowded field of contenders, the imprimatur of Romney could help clear Rubio’s path into the top tier. Since Romney announced in January that he would not run for the White House again, he and Rubio have had at least two lengthy phone calls in which Romney encouraged and mentored the 43-year-old Florida senator about the political landscape, according to a Romney associate.

[ Rubio is the ‘upside’ candidate of 2016 ]

Rubio and Romney have built a warm and trusting rapport, in contrast to the frostiness that exists between Romney and the two current GOP front-runners, former Florida governor Jeb Bush and Wisconsin Gov. Scott Walker. When Romney said in January that it was time to turn to the “next generation of Republican leaders,” it was widely interpreted as a swipe at Bush and a boost to a fresher face, such as Rubio.

In one-on-one meetings and communications with members of Romney’s inner circle, Rubio has impressed them with what they see as his compelling personal story, his depth and positions on policies, and his respect for Romney and his legacy in the Republican Party.

For Rubio, winning over key elements of the Romney ­coalition could give him a stronger foundation for a competitive campaign. But the support from Romney’s team alone would not guarantee Rubio success against Bush’s well-funded juggernaut or Walker’s grass-roots appeal.

Rubio has signed up two prominent former Romney officials in recent weeks. Rich Beeson, Romney’s 2012 national political director, has been tapped as Rubio’s likely deputy campaign manager, while Jim Merrill, Romney’s longtime New Hampshire strategist, is on board to play the same role for Rubio.

“For me, his substance, his skill and his story really stuck out,” Merrill said. “I always said if Mitt had decided to run again, I’d be with him. But when he decided not to go, I took a careful look at the field, and Marco represents the next generation of Republican leadership.”

Rubio’s courtship has been particularly intense with Spencer Zwick, who served as national finance chairman of Romney’s $1 billion campaign and is seen as the keeper of the Romney flame. Zwick said in an interview that the senator solicits advice from him regularly in phone calls, e-mails and text messages.

Rubio asks Zwick about how to assemble a campaign infrastructure and win the nomination, about lessons learned from Romney’s 2012 loss. Both fathers of young children, the two men talk about their families, too.

Zwick said he remains unaffiliated in the 2016 sweepstakes, but heaped praise on Rubio.

“Have you watched him speak?” Zwick asked. “This guy gives a message about the American dream that is compelling. People can say, ‘Oh, it’s the same speech every time,’ but you know what? Ronald Reagan did that, too, and it happened to work.”

Zwick called Rubio “an astute politician and a genuine person,” saying he “is universally well-liked by donors.”

Still, Bush has established himself early as the 2016 field’s fundraising dynamo, signing up many of Romney’s biggest bundlers, especially in New York and Florida, where he threatens to squeeze Rubio out.

A handful of former senior Romney aides and advisers have fanned out to work for an array of likely candidates besides Rubio, including Bush, Walker, former Texas governor Rick Perry, New Jersey Gov. Chris Christie and Louisiana Gov. Bobby Jindal.

The biggest Romney fundraiser helping Rubio is Wayne Berman, a fixture in GOP fundraising circles and a co-chairman of Romney’s 2012 national finance committee. Many Romney loyalists — including friends and associates from Bain Capital, the Mormon Church or the Salt Lake City Olympics — have stayed unaffiliated and are looking for signals of Romney’s preference.

Romney is unlikely to endorse a candidate anytime soon and has invited most of the GOP 2016 field to his annual policy summit with top donors and business leaders in June in Park City, Utah, where Romney has a home.

Rubio also has roots in the Mountain West. Although he was born into the Catholic Church, Rubio lived for several years of his childhood in Las Vegas and, during that time, was baptized in the Mormon Church. In his teen years, he and his family returned to Florida and rejoined the Catholic Church, although many of Rubio’s cousins remain affiliated with the Church of Jesus Christ of Latter-day Saints.

Some Romney loyalists harbor bad feelings about several candidates. Privately, they say Bush was not as active in his support as they expected in 2012 and that they think he tried to muscle Romney out of the 2016 race in January.

They hold a grudge against Walker for sharply criticizing Romney in his 2013 book, “Unintimidated,” for doing “a lousy job” connecting with voters. And many Romney insiders were steamed at Christie for his high-profile embrace of President Obama, after Hurricane Sandy devastated the Jersey Shore in the final week of the campaign.

By contrast, Romney’s allies almost universally praise Rubio, who was vetted as a possible vice-presidential pick and worked on Romney’s behalf during the campaign. They singled out his prime-time speech — introducing Romney — at the 2012 Republican National Convention in Tampa.

“He was an exceptional surrogate,” said Matt Waldrip, a former Romney finance aide and Zwick associate. “When he went to events, people showed up. He packed the house, whether fundraising or otherwise. He did whatever we asked him to,
clearly interested in helping the cause and helping the ticket.”

On Tuesday, Rubio met at the Russell Senate Office Building in Washington for an hour with Lanhee Chen, Romney’s former policy director, who remains an adviser and friend. Chen said he was impressed by Rubio’s preparation for the meeting, which focused on foreign and domestic policy, as well as his depth on the issues.

“Senator Rubio has spent the last several years developing thoughtful conservative policy solutions, and he has a personal story that makes those solutions even more compelling,” Chen said.

Rubio’s camp has been in touch with other Romney associates, includingPeter Flaherty, a former Boston prosecutor who for years was Romney’s chief liaison to conservative movement leaders. Those talks have been informal, and Flaherty, like Chen and Zwick, remains uncommitted to a 2016 candidate.

“It’s elbow grease,” said one Romney confidant who spoke on the condition of anonymity to talk candidly about Rubio’s outreach. “Marco’s actually picking up the phone and calling people, saying, ‘Listen, I want to introduce myself and tell you who I am and what I stand for.’ It’s good politics.”

Terry Sullivan — who ran Romney’s South Carolina primary campaign in 2008 and for years has been a top Rubio adviser — has been helping him facilitate his outreach into Romney’s world. Sullivan is executive director of Rubio’s Reclaim America PAC and is his likely campaign manager. Rubio’s Senate chief of staff, Alberto Martinez, was a Florida-based adviser to Romney’s campaign in 2012.

Rubio is expected to formally launch his presidential bid next month, although aides stressed this week that no final decision has been made on the timing or venue. His advisers are preparing for a long and steady race, with a focus on laying the groundwork in the early-voting states.

Although he has been overshadowed recently by Bush and Walker, Rubio has generated some buzz among Republican insiders. His speeches at recent donor conclaves, including at the Club for Growth last month in Palm Beach, Fla., drew rave reviews.

Rubio has said he can raise the funds needed to mount a serious presidential bid. Norman Braman, a billionaire South Florida auto dealer, is expected to donate as much as $10 million to Rubio and his anticipated super PAC.

Rubio has his own national donor network, which he began cultivating in his upstart 2010 Senate campaign. The group includes donors who participate in the political network organized by industrialists Charles and David Koch, whose California meeting Rubio addressed in January.

But Rubio is making inroads elsewhere, too. He dined alone last week in Washington with Sheldon Adelson, the billionaire Las Vegas casino magnate who spent tens of millions of dollars trying to elect Romney in 2012.

Sen. Roy Blunt (R-Mo.), who was Romney’s liaison on Capitol Hill in 2012, recently explained why so many Republican insiders find Rubio appealing.

“I often have a vision of Marco in the cloakroom of the Senate, when not much is going on, trying to watch his son’s football games on his smartphone,” he said.

Blunt then used a descriptor that few would have applied to Romney: “humanizing.”

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 439-444

Listen To Pronk Pops Podcast or Download Show 431-438

Listen To Pronk Pops Podcast or Download Show 422-430

Listen To Pronk Pops Podcast or Download Show 414-421

Listen To Pronk Pops Podcast or Download Show 408-413

Listen To Pronk Pops Podcast or Download Show 400-407

Listen To Pronk Pops Podcast or Download Show 391-399

Listen To Pronk Pops Podcast or Download Show 383-390

Listen To Pronk Pops Podcast or Download Show 376-382

Listen To Pronk Pops Podcast or Download Show 369-375

Listen To Pronk Pops Podcast or Download Show 360-368

Listen To Pronk Pops Podcast or Download Show 354-359

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or Download Show 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

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Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

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Listen To Pronk Pops Podcast or Download Shows 88-90

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Listen To Pronk Pops Podcast or Download Shows 55-57

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Rand Paul Running — Libertarian and Fiscal Conservative Republicans and Independents Will Vote For Him — Big Government Republicans, Neoconservatives and Progressive Democrats Demonize and Fear Him — Can He Beat Senator Ted Cruz? — Time Will Tell — Two Clues For Rand Paul — Videos

Posted on April 10, 2015. Filed under: American History, Articles, Banking, Blogroll, British History, College, Communications, Constitution, Economics, Education, Employment, European History, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government, government spending, Health Care, history, History of Economic Thought, Illegal, Immigration, Investments, IRS, Islam, Law, Legal, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, National Security Agency (NSA_, Obamacare, People, Philosophy, Photos, Politics, Radio, Radio, Raves, Religious, Strategy, Talk Radio, Tax Policy, Taxes, Terrorism, Video, War, Wealth, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 442: April 8, 2015

Pronk Pops Show 441: April 6, 2015

Pronk Pops Show 440: April 2, 2015

Pronk Pops Show 439: April 1, 2015

Pronk Pops Show 438: March 31, 2015

Pronk Pops Show 437: March 30, 2015 

Pronk Pops Show 436: March 27, 2015 

Pronk Pops Show 435: March 26, 2015

Pronk Pops Show 434: March 25, 2015

Pronk Pops Show 433: March 24, 2015

Pronk Pops Show 432: March 23, 2015

Pronk Pops Show 431: March 20, 2015

Pronk Pops Show 430: March 19, 2015

Pronk Pops Show 429: March 18, 2015

Pronk Pops Show 428: March 17, 2015 

Pronk Pops Show 427: March 16, 2015

Pronk Pops Show 426: March 6, 2015

Pronk Pops Show 425: March 4, 2015

Pronk Pops Show 424: March 2, 2015

Pronk Pops Show 423: February 26, 2015

Pronk Pops Show 422: February 25, 2015 

Pronk Pops Show 421: February 20, 2015

Pronk Pops Show 420: February 19, 2015

Pronk Pops Show 419: February 18, 2015

Pronk Pops Show 418: February 16, 2015

Pronk Pops Show 417: February 13, 2015

Pronk Pops Show 416: February 12, 2015

Pronk Pops Show 415: February 11, 2015

Pronk Pops Show 414: February 10, 2015

Pronk Pops Show 413: February 9, 2015

Pronk Pops Show 412: February 6, 2015

Pronk Pops Show 411: February 5, 2015

Pronk Pops Show 410: February 4, 2015

Pronk Pops Show 409: February 3, 2015

Pronk Pops Show 408: February 2, 2015

Pronk Pops Show 407: January 30, 2015

Pronk Pops Show 406: January 29, 2015

Pronk Pops Show 405: January 28, 2015

Pronk Pops Show 404: January 27, 2015

Pronk Pops Show 403: January 26, 2015

Pronk Pops Show 402: January 23, 2015

Pronk Pops Show 401: January 22, 2015

Pronk Pops Show 400: January 21, 2015

Pronk Pops Show 399: January 16, 2015

Pronk Pops Show 398: January 15, 2015

Pronk Pops Show 397: January 14, 2015

Pronk Pops Show 396: January 13, 2015

Pronk Pops Show 395: January 12, 2015

Pronk Pops Show 394: January 7, 2015

Pronk Pops Show 393: January 5, 2015

Story 1: Rand Paul Running — Libertarian and Fiscal Conservative Republicans and Independents Will Vote  For Him —  Big Government Republicans, Neoconservatives and Progressive Democrats Demonize and Fear Him — Can He Beat Senator Ted Cruz? — Time Will Tell — Two Clues For Rand Paul — Videosrand_paul

U.S. Senator Paul arrives with wife Kelley before announcing candidacy for president during an event in Louisville

Freedom lies in being bold.

Robert Frost

The journey of a thousand miles begins with one step.

Lao Tzu

Rand Paul 2016 Speech – Senator Rand Paul Announces Running For U.S. President |FULL SPEECH

One-On-One With GOP Presidential Candidate Kentucky Rand Paul America & Israel – Hannity

RAND PAUL Explains LIBERTARIANISM

Rand Paul: Republicans Can Only Win if “They Become More Live and Let Live”

Why is Rand Paul the right choice for America? Rand Paul 2016.

Three Clues For Rand Paul

FairTax: Fire Up Our Economic Engine (Official HD)

America faces one of the greatest perils to her future: our broken economic engine. A simple tune-up won’t fix the problem. The FairTax would fuel economic growth, investment, and job creation throughout the nation. Learn why the FairTax will fuel our economic engine and create jobs.

“The Case for the Fair Tax”

John E. Linder
Former U.S. Representative
Co-author, “The Fair Tax Book”

Immigration by the Numbers — Off the Charts

How Many Illegal Aliens Are in the US? – Walsh – 1

How Many Illegal Aliens Are in the US? – Walsh – 2

The Truth About Immigration: What They Won’t Tell You!

The Presidential Contenders: Rand Paul

Pence on the Fair Tax

The Presidential Contenders: Gov. Mike Pence

Scoring the Immigration Reform Bill: An Analysis of the CBO’s Numbers

Milton Friedman on Libertarianism (Part 4 of 4)

TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

Milton Friedman – Welfare State Dynamics

Milton Friedman – Illegal Immigration only helps when its Illegal

Dan Mitchell explains the fair tax

Flat Tax vs. National Sales Tax

How does the FairTax affect the economy?

How is the FairTax collected?

Why is the FairTax better than a flat income tax?

If people bring home their whole paychecks how can prices fall?

How does the “prebate” work?

Are any significant economies funded by a sales tax?

Will the FairTax hurt home ownership with no mortgage interest deduction?

Krauthammer’s Take: Rand Paul is the 2016 Candidate Closest to Obama on Foreign Policy

Judge Napolitano: Why Taxation is Theft, Abortion is Murder, & Gov’t is Dangerous

Ferguson and Napolitano – When “Fiscal” Conservatives Agree – Americas Debt Crisis

Harvard Professor Niall Ferguson and U.S. Federal Court Judge Andrew Napolitano would seem to be at odds on many topics. One they agree with is the spending of the U.S. government and the lack of fiscal responsibility. See how they explain the debt problem in the U.S. and the ways in which this crisis is harming america. Is the Obama administration oblivious, or not caring, when it comes to borrowing money to support social programs and defense spending? Will the Democrats and Republicans come together in time to defeat the massive overspending and budget deficit? See what these two men have to say.

Libertarianism | Murray N. Rothbard

Murray Rothbard: Six Stages of the Libertarian Movement

How Many Illegal Aliens Are in the US? – Walsh – 1

How Many Illegal Aliens Are in the US? – Walsh – 2

Why Neocons Won’t Be Too Pleased With Rand Paul’s Speech

Rand Paul takes aim at “war hawk” Hillary Clinton – Fox News Special Report

The Secret To Rand Paul’s Success

Judge Napolitano: Rand Paul Can Lead Us To An Era Of Prosperity, Happiness & Small Government

Who is the ideal presidential candidate?

Transcript: Read Full Text of Sen. Rand Paul’s Campaign Launch

Kentucky Sen. Rand Paul launched his presidential campaign in Louisville Tuesday.

I have a message, a message that is loud and clear and does not mince words. We have come to take our country back.

We have come to take our country back from the special interests that use Washington as their personal piggy bank, the special interests that are more concerned with their personal welfare than the general welfare.

The Washington machine that gobbles up our freedoms and invades every nook and cranny of our lives must be stopped.

Less than five years ago I stood just down the road in home town in Bowling Green and said those same words. I wasn’t supposed to win, no one thought I would.

Some people asked me, then why are you running? The answer is the same now as it was then. I have a vision for America. I want to be part of a return to prosperity, a true economic boom that lists all Americans, a return to a government restrained by the Constitution.

A return to privacy, opportunity, liberty. Too often when Republicans have won we have squandered our victory by becoming part of the Washington machine. That’s not who I am.

That’s not why I ran for office the first time just a few years ago. The truth is, I love my life as a small-town doctor. Every day I woke up, I felt lucky to be able to do the things I loved. More importantly, I was blessed to be able to do things that made a difference in people’s lives.

I never could have done any of this, though, without the help of my parents who are here today. I’d like you to join me and thank my mother and dad.

With my parents’ help, I was able to make it through long years of medical training to become an eye surgeon. For me there is nothing that compares with helping someone see better. Last August I was privileged to travel to Guatemala on a medical mission trip together with a team of surgeons from across the U.S.

We operated on more than 200 people who were blind or nearly blind from cataracts. I was grateful to be able to put my scrubs back on, peer into the oculars of the microscope, and focus on the task at hand, to take a surgical approach to fix a problem.

One day in Guatemala, a man arrived and told me that I’d operated on his wife the day before. His wife could see clearly for the first time in years, and she had begged him to get on the bus, travel the winding roads and come back to our surgery center. He too was nearly blind from hardened cataracts.

After his surgery, the next day, his wife sat next to me. As I unveiled the patch from his eyes, it was a powerful emotional moment for me to see them looking at each other clearly for the first time years to see the face they loved again.

As I saw the joy in their eyes, I thought, “This is why I became a doctor.”

In that moment, I also remembered my grandmother, who inspired me to become an eye surgeon. She spent hours with me as a kid. We would sort through her old coin collection, looking for wheat pennies and Indian heads. But as her vision began to fail, I became her eyes to inspect the faintness of the mint marks on the old weather-worn coins.

I went with my grandmother to the ophthalmologist as she had her corneas replaced. I was also with her when she received the sad news that macular generation had done irreparable harm to her eyes.

My hope… my hope that my grandmother would see again made me want to become an eye surgeon, to make a difference in people’s lives.

I’ve been fortunate. I’ve been able to enjoy the American Dream.

I worry, though, that the opportunity and hope are slipping away for our sons and daughters. As I watch our once-great economy collapse under mounting spending and debt, I think, “What kind of America will our grandchildren see”?

It seems to me that both parties and the entire political system are to blame.

Big government and debt doubled under a Republican administration.

And it’s now tripling under Barack Obama’s watch. President Obama is on course to add more debt than all of the previous presidents combined.

We borrow a million dollars a minute. This vast accumulation of debt threatens not just our economy, but our security.

We can wake up now and do the right thing. Quit spending money we don’t have.

This message of liberty is for all Americans, Americans from all walks of life. The message of liberty, opportunity and justice is for all Americans, whether you wear a suit, a uniform or overalls, whether you’re white or black, rich or poor.

In order to restore America, one thing is for certain, though: We cannot, we must not dilute our message or give up on our principles.

If we nominate a candidate who is simply Democrat Light, what’s the point?

Why bother?

We need to boldly proclaim our vision for America. We need to go boldly forth under the banner of liberty that clutches the Constitution in one hand and the Bill of Rights in the other.

Washington is horribly broken. I fear it can’t be fixed from within. We the people must rise up and demand action.

Congress will never balance the budget unless you force them to do so. Congress has an abysmal record with balancing anything. Our only recourse is to force Congress to balance the budget with a constitutional amendment.

I have been to Washington, and let me tell you, there is no monopoly on knowledge there.

I ran for office because we have too many career politicians. I believe it now more than ever.

We limit the President to two terms. It’s about time we limit the terms of Congress!

I want to reform Washington. I want common sense rules that will break the logjam in Congress.

That’s why I introduced a Read the Bills Act.

The bills are thousands of pages long. And no one reads them. They are often plopped on our desks only a few hours before a vote.

I’ve proposed something truly extraordinary — Let’s read the bills, every page!

The bills are 1,000 pages long and no one reads them. They are often plopped on our desk with only a few hours before a vote, so I propose something truly extraordinary. Let’s read the bills every day.

From the time I was a very young boy I was taught to love and appreciate America. Love of liberty pulses in my veins not because we have beautiful mountains or white sand beaches, although we do, and not because of our abundance of resources. It’s more visceral than that. Our great nation was founded upon the extraordinary notion that government should be restrained and freedom should be maximized.

America, to me, is that beacon. We are unique among the nations that our — that our country stands for freedom. Freedom nurtured our country from a rebellious group of colonies into the world’s greatest nation.

When tyranny threatened the world America led the way to rid the world of Nazis and fascist regimes. Resolutely we stood decade after decade against Communism, the engine of capitalism finally winning out against the sputtering, incompetent engine of socialism.

We won the Cold War.

America and freedom are so intertwined that people literally are dying to come here. The freedom we have fostered in America have unleashed genius and advancement like never before. Yet our great nation still needs new ideas and new answers to old problems.

From an early age I worked. I taught swimming lessons, I mowed lawns, I did landscaping, I put roofs on houses, I painted houses. I never saw work though as punishment. Who always gave me a sense of who I am.

Self-esteem cant be given; it must be earned.

Work is not punishment; work is the reward.

Two of my sons work minimum wage jobs while they go to college. I am proud of them as I see them realize the value of hard work. I can see their self-esteem grow as they cash their paychecks. I have a vision for America where everyone who wants to work will have a job.

Many Americans though are being left behind. The reward of work seems beyond their grasp. Under the watch of both parties, the poor seem to get poorer and the rich get richer. Trillion-dollar government stimulus packages has only widened the income gap.

Politically connected crones get taxpayer dollars by the hundreds of millions and poor families across America continue to suffer. I have a different vision, an ambitious vision, an ambitious vision, a vision that will offer opportunity to all Americans, especially those who have been left behind.

My plan includes economic freedom zones to allow impoverished areas like Detroit, West Louisville, Eastern Kentucky to prosper by leaving more money in the pockets of the people who live there.

Can you imagine what a billion-dollar stimulus could do for Detroit or for Appalachia? I’m convinced that most Americans want to work. I want to free up the great engine of American prosperity.

I want to see millions of Americans back at work. In my vision for America, we’ll bring back manufacturing jobs that pay well. How? We’ll dramatically lower the tax on American companies that wish to bring their profits home.

More than $2 trillion in American profit currently sits overseas. In my vision for America, new highways and bridges will be built across the country, not by raising your taxes, but by lowering the tax to bring this American profit home.

Even in this polarized Congress, we have a chance of passing this. I say let’s bring $2 trillion home to America, let’s bring it home now.

Liberal policies have failed our inner cities. Let’s just get the facts straight. They have failed our inner cities. Our schools are not equal, and the poverty gap continues to widen. Martin Luther King spoke of two Americas. He described them as two starkly different American experiences that exist side-by-side.

In one in America, people experience the opportunity of life, liberty and the pursuit of happiness. In the other America, people experience a daily ugliness that dashes hope and leaves only the fatigue of despair.

Although I was born into the America that experiences and believes in opportunity, my trips to Detroit, to Appalachia, to Chicago have revealed what I call an undercurrent of unease.

It’s time for a new way, a way predicated on justice, opportunity and freedom.

Those of us who have enjoyed the American dream must break down the wall that separates us from the other America. I want all our children to have the same opportunities that I had. We need to stop limiting kids in poor neighborhoods to failing public schools and offer them school choice.

It won’t happen, though, unless we realize that we can’t borrow our way to prosperity. Currently some $3 trillion comes into the U.S. Treasury. Couldn’t the country just survive on $3 trillion?

I propose we do something extraordinary. Let’s just spend what comes in.

In my vision for America, freedom and prosperity at home can only be achieved if we defend against enemies who are dead set on attacking us.

Without question we must defend ourselves and American interests from our enemies, but until we name the enemy, we can’t win the war.

The enemy is radical Islam. You can’t get around it.

And not only will I name the enemy, I will do whatever it takes to defend America from these haters of mankind.

We need a national defense robust enough to defend against all attack, modern enough to deter all enemies, and nimble enough to defend our vital interests. But we also need a foreign policy that protects American interests and encourages stability, not chaos.

At home, conservatives understand that government is the problem, not the solution.

Conservatives should not succumb, though, to the notion that a government inept at home will somehow succeed in building nations abroad.

I envision an America with a national defense unparalleled, undefeatable and unencumbered by overseas nation-building.

I envision a national defense that promotes, as Reagan put it, peace through strength.

I believe in applying Reagan’s approach to foreign policy to the Iran issue. Successful negotiations with untrustworthy adversaries are only achieved from a position of strength.

We’ve brought Iran to the table through sanctions that I voted for. Now we must stay strong. That’s why I’ve cosponsored legislation that ensures that any deal between the U.S. and Iran must be approved by Congress.

Not — not only is that good policy, it’s the law.

It concerns me that the Iranians have a different interpretation of the agreement. They’re putting out statement that say completely the opposite of what we’re saying. It concerns me that we may attempt, or the president may attempt, to unilaterally and prematurely halt sanctions.

I will oppose any deal that does not end Iran’s nuclear ambitions and have strong verification measures.

And I will insist that the final version be brought before Congress.

The difference between President Obama and myself, he seems to think you can negotiate from a position of weakness. Yet everyone needs to realize that negotiations are not inherently bad. The trust (inaudible) verify is required in any negotiation, but then our goal always should be and always is peace, not war.

We must realize, though, that we do not project strength by borrowing money from China to send it to Pakistan.

Let’s quit building bridges in foreign countries and use that money to build some bridges here at home.

It angers me to see mobs burning our flag and chanting “Death to America” in countries that receive millions of dollars in our foreign aid.

I say it must end. I say not one penny more to these haters of America.

To defend our country, we do need to gather intelligence on the enemy. But when the intelligence director is not punished for lying under oath, how are we to trust our government agencies?

Warrantless searches of Americans’ phones and computer records are un-American and a threat to our civil liberties.

I say that your phone records are yours. I say the phone records of law-abiding citizens are none of their damn business.

Is this where we light up the phones?

The president created this vast dragnet by executive order. And as president on day one, I will immediately end this unconstitutional surveillance.

I believe we can have liberty and security and I will not compromise your liberty for a false sense of security, not now, not ever.

We must defend ourselves, but we must never give up who we are as a people. We must never diminish the Bill of Rights as we fight this long war against evil. We must believe in our founding documents. We must protect economic and personal liberty again.

America has much greatness left in her. We are still exceptional and we are still a beacon for the world. We will thrive when we believe in ourselves again.

I see an America strong enough to deter foreign aggression, yet wise enough to avoid unnecessary intervention.

I see an America where criminal justice is applied equally and any law that disproportionately incarcerates people of color is repealed.

I see an America with a restrained IRS that cannot target, cannot harass American citizens for their political or religious beliefs.

I see our big cities once again shining and beckoning with creativity and ingenuity, with American companies offering American jobs. With your help, this message will ring from coast to coast, a message of liberty, justice and personal responsibility. Today begins the journey to take America back.

To rescue a great country now adrift, join me as together we seek a new vision for America. Today I announce with God’s help, with the help of liberty lovers everywhere, that I am putting myself forward as a candidate for president of the United States of America.

http://time.com/3773964/rand-paul-presidential-campaign-launch-speech-transcript/

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 439-442

Listen To Pronk Pops Podcast or Download Show 431-438

Listen To Pronk Pops Podcast or Download Show 422-430

Listen To Pronk Pops Podcast or Download Show 414-421

Listen To Pronk Pops Podcast or Download Show 408-413

Listen To Pronk Pops Podcast or Download Show 400-407

Listen To Pronk Pops Podcast or Download Show 391-399

Listen To Pronk Pops Podcast or Download Show 383-390

Listen To Pronk Pops Podcast or Download Show 376-382

Listen To Pronk Pops Podcast or Download Show 369-375

Listen To Pronk Pops Podcast or Download Show 360-368

Listen To Pronk Pops Podcast or Download Show 354-359

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or Download Show 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

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 01-09

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It Is Time For A New Different Kind of President? Neither Democrat Nor Republican! — An Independent Constitutionalist — The Longer Senator Rand Paul Stays In Washington He Becomes More An Establishment Republican On Key Issues — Big Government Conservative Not Limited Government Libertarian — The Co-opting of Rand Paul — Videos

Posted on April 10, 2015. Filed under: American History, Articles, Babies, Banking, Blogroll, British History, Business, College, Communications, Constitution, Corruption, Crime, Crisis, Culture, Documentary, Drug Cartels, Economics, Education, Employment, European History, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Fraud, Freedom, Friends, government, government spending, Health Care, history, Homicide, Illegal, Immigration, IRS, Law, Legal, liberty, Life, Links, media, Monetary Policy, Money, Money, National Security Agency (NSA_, Nuclear, Obamacare, People, Philosophy, Photos, Politics, Press, Psychology, Radio, Rants, Raves, Regulations, Strategy, Talk Radio, Tax Policy, Taxes, Terrorism, Unemployment, Video, War, Wealth, Weapons, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 441: April 6, 2015

Pronk Pops Show 440: April 2, 2015

Pronk Pops Show 439: April 1, 2015

Pronk Pops Show 438: March 31, 2015

Pronk Pops Show 437: March 30, 2015 

Pronk Pops Show 436: March 27, 2015 

Pronk Pops Show 435: March 26, 2015

Pronk Pops Show 434: March 25, 2015

Pronk Pops Show 433: March 24, 2015

Pronk Pops Show 432: March 23, 2015

Pronk Pops Show 431: March 20, 2015

Pronk Pops Show 430: March 19, 2015

Pronk Pops Show 429: March 18, 2015

Pronk Pops Show 428: March 17, 2015 

Pronk Pops Show 427: March 16, 2015

Pronk Pops Show 426: March 6, 2015

Pronk Pops Show 425: March 4, 2015

Pronk Pops Show 424: March 2, 2015

Pronk Pops Show 423: February 26, 2015

Pronk Pops Show 422: February 25, 2015 

Pronk Pops Show 421: February 20, 2015

Pronk Pops Show 420: February 19, 2015

Pronk Pops Show 419: February 18, 2015

Pronk Pops Show 418: February 16, 2015

Pronk Pops Show 417: February 13, 2015

Pronk Pops Show 416: February 12, 2015

Pronk Pops Show 415: February 11, 2015

Pronk Pops Show 414: February 10, 2015

Pronk Pops Show 413: February 9, 2015

Pronk Pops Show 412: February 6, 2015

Pronk Pops Show 411: February 5, 2015

Pronk Pops Show 410: February 4, 2015

Pronk Pops Show 409: February 3, 2015

Pronk Pops Show 408: February 2, 2015

Pronk Pops Show 407: January 30, 2015

Pronk Pops Show 406: January 29, 2015

Pronk Pops Show 405: January 28, 2015

Pronk Pops Show 404: January 27, 2015

Pronk Pops Show 403: January 26, 2015

Pronk Pops Show 402: January 23, 2015

Pronk Pops Show 401: January 22, 2015

Pronk Pops Show 400: January 21, 2015

Pronk Pops Show 399: January 16, 2015

Pronk Pops Show 398: January 15, 2015

Pronk Pops Show 397: January 14, 2015

Pronk Pops Show 396: January 13, 2015

Pronk Pops Show 395: January 12, 2015

Pronk Pops Show 394: January 7, 2015

Pronk Pops Show 393: January 5, 2015

Story 1: It Is Time For A New Different Kind of President? Neither Democrat Nor Republican! — An Independent Constitutionalist — The Longer Senator Rand Paul Stays In Washington He Becomes More An Establishment Republican On Key Issues — Big Government Conservative Not Limited Government Libertarian — The Co-opting of Rand Paul — Videos

Polling Data

Poll Date Bush Walker Cruz Paul Huckabee Carson Rubio Christie Perry Santorum Jindal Kasich Spread
RCP Average 2/26 – 3/31 16.8 16.2 8.7 8.7 8.7 8.7 6.5 6.0 2.5 1.8 1.5 1.3 Bush +0.6
FOX News 3/29 – 3/31 12 15 10 9 10 11 8 4 3 2 2 1 Walker +3
ABC/Wash Post 3/26 – 3/29 21 13 12 8 8 6 8 7 1 2 1 1 Bush +8
PPP (D) 3/26 – 3/31 17 20 16 10 6 10 6 4 3 Walker +3
CNN/ORC 3/13 – 3/15 16 13 4 12 10 9 7 7 4 1 1 2 Bush +3
McClatchy/Marist 3/1 – 3/4 19 18 4 7 10 9 5 6 3 2 Bush +1
Quinnipiac 2/26 – 3/2 16 18 6 6 8 7 5 8 1 2 2 1 Walker +2

All 2016 Republican Presidential Nomination Polling Data

http://www.realclearpolitics.com/epolls/2016/president/us/2016_republican_presidential_nomination-3823.html

Rand Paul 2016 Speech – Senator Rand Paul Announces Running For U.S. President |FULL SPEECH

Rand Paul in 2016?

RAND PAUL Explains LIBERTARIANISM

Rand Paul: Ted Cruz’s Audience Was Required To Attend, I’m Not Interested In Throwing Out Red Meat

“A Different Kind of Republican Leader”

Rand Paul 2016 Campaign Promises

Rand Paul was for the Fair Tax before he was against it

Rand Paul says he supports the Fair Tax

Rand Paul explains the Flat Tax to Berkeley

Rand Paul on Tax Reform – Fox Business’ Cavuto 10/19/2012

Rand Paul proposes 17% Flat Tax that would lead to the “outright elimination of the IRS”

Rand Paul: More Immigrants, More Tax Revenue

Rand Paul: Obama Poured $1 Trillion Into Economy With His Stimulus Bill But It Didn’t Create Jobs

‘Ron Paul’s rEVOLution’ discussion w/ Rand Paul and Brian Doherty

Rand Paul Conservative Policy Summit FULL SPEECH

RAND PAUL TELLS US THE TRUTH “CIA FUNDED ISIS UNDER OBAMA ADMIN TO PROMOTE MORE WAR IN MIDDLE EAST”

Sean Hannity Shows His Influence

The Presidential Contenders: Rand Paul

Libertarianism: An Introduction

Jon Stewart’s 19 Tough Questions for Libertarians!

Ron Paul vs Rand Paul Stefan Molyneux Hosts the Peter Schiff Radio Show

Questions – Immigration Update – April 1-2, 2015

Most Voters Want More Aggressive Deportation Policies
See Toplines
See Crosstabs
Platinum Page

National Survey of 1,000 Likely Voters
Conducted April 1-2, 2015
By Rasmussen Reports

1* Is the U.S. government too aggressive or not aggressive enough in deporting those who are in this country illegally? Or is the number of deportations about right?

2* Suppose a woman enters the United States as an illegal alien and gives birth to a child in the United States. Should that child automatically become a citizen of the United States?

3* Should illegal immigrants who have American-born children be exempt from deportation?

4* Before anyone receives local, state or federal government services, should they be required to prove they are legally allowed to be in the United States?

5* How concerned are you that efforts to identify and deport illegal immigrants will also end up violating the civil rights of some U.S. citizens?

NOTE: Margin of Sampling Error, +/- 3 percentage points with a 95% level of confidence

http://www.rasmussenreports.com/public_content/politics/questions/pt_survey_questions/april_2015/questions_immigration_update_april_1_2_2015

Immigration

Most Voters Want More Aggressive Deportation Policies

More voters than ever feel the United States is not aggressive enough in deporting those who are here illegally, even as President Obama continues to push his plan to make up to five million illegal immigrants safe from deportation.

Just 16% of Likely U.S. Voters think the U.S. government is too aggressive in deporting those who are in the country illegally. A new Rasmussen Reports national telephone survey finds that 62% believe the government is not aggressive enough in deporting these illegal immigrants, up from 52% a year ago and 56%in November. Fifteen percent (15%) feel the current number of deportations is about right. (To see survey question wording, click here.)

Thirty-two percent (32%) believe illegal immigrants who have American-born children should be exempt from deportation, an element of Obama’s plan, but 51% now disagree. In November, voters were much more closely divided: 38% said they should be exempt from deportation, and only 42% disagreed. Seventeen  percent (17%) remain undecided.

But then most voters (54%) continue to feel that a child born to an illegal immigrant mother in the United States should not automatically become a U.S. citizen, as is now the case.  Thirty-eight percent (38%) favor the current policy of automatic citizenship for these children. Opposition has ranged from 51% to 65% in surveys since April 2006. Support has been in the 28% to 41% range in that same period.

An overwhelming 83% of voters think someone should be required to prove they are legally allowed in the United States before receiving local, state or federal government services. Just 12% disagree. These findings have changed little over the past four years.

Still, 54% are concerned that efforts to identify and deport illegal immigrants will also end up violating the civil rights of some U.S. citizens. Forty-three percent (43%) don’t have that concern. This includes 25% who are Very Concerned about possible civil rights violations and 12% who are Not at All Concerned. This, too, is consistent with past surveying.

(Want a free daily e-mail update? If it’s in the news, it’s in our polls). Rasmussen Reports updates are also available on Twitter or Facebook.

The survey of 1,000 Likely Voters was conducted on April 1-2, 2015 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

Most voters continue to believe federal government policies encourage illegal immigration.

Most voters in nearly every demographic category agree that the federal government is not aggressive enough in its deportation policies. Most also believe very strongly that someone should have to prove they are a U.S. citizen before obtaining government benefits.

Most women and men agree that a child born to an illegal immigrant in this country should not automatically become a U.S. citizen.

Voters under 40 are only slightly less supportive than their elders of more aggressive deportation policies. But they are much more likely than those 40 and over to think that a child born to an illegal alien in this country should automatically become a U.S. citizen.

Sixty percent (60%) of whites oppose automatic citizenship; 51% of blacks and 56% of other minority voters favor it.

Eighty-one percent (81%) of Republicans and 68% of voters not affiliated with either major party think the government is not aggressive enough in deporting illegal immigrants. Just 40% of Democrats agree. But then Democrats are far more concerned than the others that deportation efforts may end up violating the civil rights of some U.S. citizens.

Democrats by a 51% to 33% margin believe illegals who have American-born children should be exempt from deportation. Sixty-two percent (62%) of GOP voters and 60% of unaffiliateds disagree.

Most voters continue to believe that securing the border is more important than legalizing the status of undocumented workers already here and think plans to offer legal status to such individuals will just encourage more illegal immigration.

More than half of voters remain opposed to Obama’s new plan that will allow nearly five million illegal immigrants to remain in this country legally and apply for jobs. Forty-seven percent (47%) think Congress should try to find ways to stop the president’s plan, while 41% believe Congress should allow this decision to stand.

Voters also continue to strongly support voter ID laws and don’t consider them discriminatory.

Additional information from this survey and a full demographic breakdown are available to Platinum Members only.

http://www.rasmussenreports.com/public_content/politics/current_events/immigration/immigration

Voters Still Fault Feds For Illegal Immigration

Most voters continue to believe federal government policies encourage illegal immigration, but they still aren’t convinced states should go it alone in enforcing immigration laws.

A new Rasmussen Reports national telephone survey finds that 57% of Likely U.S. Voters think the policies and practices of the federal government encourage people to enter the United States illegally, the highest level of cynicism since June 2012. Twenty-eight percent (28%) disagree, while 15% are undecided. (To see survey question wording, click here.)

The number of voters who believe the federal government encourages illegal immigration reached a high of 62% in September 2010 but has mostly stayed in the mid-to high-50s in regular surveying for several years.

Still, 48% think relying on the federal government rather than states to enforce immigration laws is the best approach to dealing with illegal immigration. That’s down two points from last August  but is in line with findings since February 2011. Forty-two percent (42%) think it’s better to allow individual states to act on their own. Ten percent (10%) are undecided. Support for state action was slightly higher in 2011.

Most voters (61%) still favor strict government sanctions on employers who hire illegal immigrants. Twenty-four percent (24%) oppose such sanctions, while 15% are undecided. Support for these sanctions have run in the high 50s to low 60s for years, and Americans told us in a 2013 survey that employer sanctions are the most effective way to stop illegal immigration.

Voters remain more conflicted when it comes to landlords who rent or sell property to illegal immigrants. Forty-four percent (44%) favor strict government sanctions against them. Thirty-four percent (34%) are opposed, while 22% are undecided. These attitudes haven’t changed much over the years either.

But 57% believe if a police officer pulls someone over for a traffic violation, the officer should automatically check to see if that person is in the country legally. Thirty-three percent (33%) disagree, and 10% are not sure. These findings also have stayed fairly steady for years, although support for these checks hit a high of 73% in March 2009.

(Want a free daily e-mail update? If it’s in the news, it’s in our polls). Rasmussen Reports updates are also available on Twitter or Facebook.

The survey of 1,000 Likely Voters was conducted on March 4-5, 2015 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

Most voters continue to believe that securing the border is more important than legalizing the status of undocumented workers already here and think plans to offer legal status to such individuals will just encourage more illegal immigration.

Seventy-five percent (75%) of Republicans and 59% of voters not affiliated with either major political party believe the policies and practices of the federal government encourage illegal immigration. Democrats by a narrow 44% to 39% disagree. Most Republicans (62%) and unaffiliated voters by a 46% to 42% margin think states should be allowed to enforce immigration laws on their own, but 68% of Democrats think they should rely on the feds.

Sixty percent (60%) of voters who believe government policies encourage people to come here illegally favor allowing states to act on their own to enforce immigration laws. Seventy-eight percent (78%) of those who don’t believe government policies encourage illegal immigration think enforcement of such laws should be left to the federal government.

White voters are generally more supportive of strict sanctions against employers who hire illegal immigrants and landlords who rent or sell property to such individuals than black and other minority voters are. White voters also show stronger support for automatic police checks during traffic stops.

More than half of all voters remain opposed to President Obama’s new plan that will allow nearly five million illegal immigrants to remain in this country legally and apply for jobs. Forty-seven percent (47%) of voters think Congress should try to find ways to stop the president’s plan, while 41% believe Congress should allow this decision to stand.

Most voters continue to think the federal government should only do what the president and Congress agree on. They also still believe a president should not be able to change laws passed by Congress on his own.

However, just 17% of voters are even somewhat confident that the president and Republicans in Congress will be able to work together to do what’s best for the American people, and that includes only four percent (4%) who are Very Confident.

http://www.rasmussenreports.com/public_content/archive/immigration_update_archive/voters_still_fault_feds_for_illegal_immigration

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The Scandal of H-1B Visas — The Outsourcing Of American Jobs To Foreign Workers — End The Cheap Labor Racket — Abolish H-1B Visas — Videos

Posted on March 25, 2015. Filed under: Agriculture, American History, Articles, Blogroll, Books, Business, College, Communications, Constitution, Corruption, Documentary, Economics, Education, Employment, Faith, Family, Federal Government Budget, Fiscal Policy, Freedom, government, government spending, Health Care, history, Illegal, Immigration, Law, Legal, liberty, Life, Links, Literacy, media, Non-Fiction, Obamacare, People, Philosophy, Photos, Politics, Press, Private Sector, Public Sector, Radio, Rants, Regulations, Security, Strategy, Talk Radio, Taxes, Unions, Video, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 432: March 23, 2015

Pronk Pops Show 431: March 20, 2015

Pronk Pops Show 430: March 19, 2015

Pronk Pops Show 429: March 18, 2015

Pronk Pops Show 428: March 17, 2015 

Pronk Pops Show 427: March 16, 2015

Pronk Pops Show 426: March 6, 2015

Pronk Pops Show 425: March 4, 2015

Pronk Pops Show 424: March 2, 2015

Pronk Pops Show 423: February 26, 2015

Pronk Pops Show 422: February 25, 2015 

Pronk Pops Show 421: February 20, 2015

Pronk Pops Show 420: February 19, 2015

Pronk Pops Show 419: February 18, 2015

Pronk Pops Show 418: February 16, 2015

Pronk Pops Show 417: February 13, 2015

Pronk Pops Show 416: February 12, 2015

Pronk Pops Show 415: February 11, 2015

Pronk Pops Show 414: February 10, 2015

Pronk Pops Show 413: February 9, 2015

Pronk Pops Show 412: February 6, 2015

Pronk Pops Show 411: February 5, 2015

Pronk Pops Show 410: February 4, 2015

Pronk Pops Show 409: February 3, 2015

Pronk Pops Show 408: February 2, 2015

Pronk Pops Show 407: January 30, 2015

Pronk Pops Show 406: January 29, 2015

Pronk Pops Show 405: January 28, 2015

Pronk Pops Show 404: January 27, 2015

Pronk Pops Show 403: January 26, 2015

Pronk Pops Show 402: January 23, 2015

Pronk Pops Show 401: January 22, 2015

Pronk Pops Show 400: January 21, 2015

Pronk Pops Show 399: January 16, 2015

Pronk Pops Show 398: January 15, 2015

Pronk Pops Show 397: January 14, 2015

Pronk Pops Show 396: January 13, 2015

Pronk Pops Show 395: January 12, 2015

Pronk Pops Show 394: January 7, 2015

Pronk Pops Show 393: January 5, 2015

Pronk Pops Show 392: December 19, 2014

Pronk Pops Show 391: December 18, 2014

Pronk Pops Show 390: December 17, 2014

Pronk Pops Show 389: December 16, 2014

Pronk Pops Show 388: December 15, 2014

Pronk Pops Show 387: December 12, 2014

Pronk Pops Show 386: December 11, 2014

Pronk Pops Show 385: December 9, 2014

Pronk Pops Show 384: December 8, 2014

Pronk Pops Show 383: December 5, 2014

Pronk Pops Show 382: December 4, 2014

Pronk Pops Show 381: December 3, 2014

Pronk Pops Show 380: December 1, 2014

Story 2: The Scandal of H-1B Visas — The Outsourcing Of American Jobs To Foreign Workers — End The Cheap Labor Racket —  Abolish H-1B Visas —  Videos

h1b_innovationecon_chart1

hib_visa_cap_fill-up_datesH-1B-visa-allocations-by-profession-2000-to-2009

 Copy of Tables_H-1B STEM.xlsxCorrection Table 1.xlsxfigure-2h1bNAT_150210_h1b

Obama Admin Gives Company H-1B Workers To Replace Its American Workers

ABC10: American Workers Hurt By H-1B Visa Program

U.S. Worker Replaced By Lower-Cost Foreign Worker Makes Impassioned Plea To Senators

Sessions Details Case Of American Tech Workers Being Forced To Train Their Guest-Worker Replacements

Professor Salzman Testifies At Hearing On Protecting High-Skilled American Workers

ITIF Debate: Is There a STEM Worker Shortage?

The issue of high skill immigration is receiving increased attention as Congress considers comprehensive immigration legislation. Underlying this issue is an ongoing debate surrounding the U.S. labor market for high-skill workers, including those in science, technology, engineering and math (STEM) fields. The key policy questions being discussed include: is there a shortage of STEM workers in the U.S. economy; is the U.S. education system producing enough STEM graduates with requisite STEM education; and does high-skill immigration negatively affect the domestic supply of STEM talent?

ITIF will host a lively debate on this critical policy issue. Robert Atkinson, President of ITIF, and Jonathan Rothwell, an Associate Fellow at the Brookings Institution, will argue that the United States does face a STEM worker shortage, which is hampering the development of the innovation economy, and high-skill immigration should be used as a tool to address the skills gap. Hal Salzman, Professor of Planning and Public Policy at Rutgers University and Ron Hira, Associate Professor of Public Policy at Rochester Institute of Technology, will counter that the country is not experiencing a STEM shortage, and increased immigration will simply exacerbate unemployment and hurt U.S. workers. The debate will be moderated by Kevin Finneran, editor of the National Academies’ Issues in Science and Technology.

Sen. Cruz Amendment to Immigration Legislation to Increase H-1B Visas

Sen Ted Cruz Wants to DOUBLE Immigration

Bjorn Billhardt testifies to Senate Judiciary Committee

Experts: Proposed Guest Worker Expansions Would Let Tech Companies Import 100% Of New Hires

Attorney For Displaced Tech Workers: H-1B Increase Would Put Countless More Americans Out Of Work

Professor Hira Testifies At Hearing On Protecting High-Skilled American Workers

Ron Hira – Domestic IT & BPO Sourcing Can Generate Good American Jobs: The Role for Policy

maxresdefault outsourcing america

Ron Hira Associate Professor of Public Policy at Rochester Institute of Technology, Research Associate at Economic Policy Institute and co-author of the book, Outsourcing America, giving the opening keynote at Momentum 2013

MidPoint | Ron Hira discusses his column in The Hill calling the H-1B visa the “Outsourcing Visa.”

Ron Hira on H1B Immigration Visas Current Debate – Point of View

The Future of American Jobs – A Discussion about Outsourcing

Reality of H-1B

Bill Gates Asks Senate For Infinite Number Of H 1B Visas

Lou Dobbs on Post Docs & PhDs Being Paid Peanuts & Exploited Through H-1B

Outsourcing America – Sen Byron Jorgan

LOU DOBBS TONIGHT 04.05.07 – H1B Visa Abuse

H-1B Work Visas: Basic Requirements

Silenced workers who lost jobs to H-1B visa abuse (quietly) speak out

BY BYRON YORK

The Senate Judiciary Committee recently held a hearing into abuses of the H-1B skilled guest worker visa program. Lawmakers heard experts describe how the use of foreign workers has come to dominate the IT industry, with many tech giants using the program to fire well-paid current workers and replace them with workers from abroad at significantly lower pay.

“The current system to bring in high-skill guest workers … has become primarily a process for supplying lower-cost labor to the IT industry,” two experts who testified at the hearing, Howard University’s Ron Hira and Rutgers’ Hal Salzman, wrote recently. “Although a small number of workers and students are brought in as the ‘best and brightest,’ most high-skill guest workers are here to fill ordinary tech jobs at lower wages.”

Exhibit A in the abuse of H-1Bs was the case of Southern California Edison, which recently got rid of between 400 and 500 IT employees and replaced them with a smaller force of lower-paid workers brought in from overseas through the H-1B program. The original employees were making an average of about $110,000 a year, the committee heard; the replacements were brought to Southern California Edison by outsourcing firms that pay an average of between $65,000 and $75,000.

“Simply put, the H-1B program has become a cheap labor program,” Hira, author of the bookOutsourcing America, testified. “To add insult to injury, Southern California Edison forced its American workers to train their H-1B replacements as a condition of receiving their severance packages.”

It was a powerful presentation, especially in light of the fact that many Republicans and Democrats in Congress do not want to address abuses of the H-1B problem but rather want to greatly increase the number of H-1B visa workers allowed into the United States.

But one voice was missing from the hearing, and that was the voice of laid-off workers. That was no accident. In addition to losing their jobs and being forced to train their foreign replacements, many fired workers are required to sign non-disparagement agreements as a condition of their severance. They are workers with families and bills to pay, and they are told that if they do not agree to remain silent, they will be terminated with cause, meaning they will receive no severance pay or other benefits and will face an even tougher search for a new job and a continued career. So they remain silent.

A longtime feature of the Capitol Hill hearing into this or that unfair practice is to hear from the victims of this or that unfair practice. The IT industry has worked to make sure that does not happen in the case of H-1B visa abuse. Still, the Judiciary Committee managed to receive testimonials from four laid-off workers, three from Southern California Edison and one from another company. So to flesh out the H-1B story with the perspective of those who are actually paying the price when H-1B visas are used to displace American workers, here are their anonymous testimonials:

Worker One:

My former company, a large utility company, replaced 220 American IT workers with H-1Bs…we would have to train them in order to receive our severance packages. This was one of the most humiliating situations that I have ever been in as an IT professional.

The whole IT department was going through the same fate as myself. Those were the longest and hardest five months of my life. Not only did I lose a work family, but I lost my job and my self-esteem. We had constant emails sent by HR that we could not talk about this situation to anyone or make posts to social media. If we did, we would be fired immediately and not get our severance.

We had jobs and there was no shortage of skilled labor that would make it necessary to bring in H-1Bs. We were let go and replaced by foreign workers who certainly weren’t skilled to take our positions.

Worker Two:

I am an IT professional and worked for Southern California Edison for over two decades. I was a loyal employee and always received outstanding reviews. A foreign worker with a H-1B visa recently replaced me.

I am the sole provider of my children. Due to a disability, finding employment at the same wage and with a work modification will be very difficult…It is an ominous possibility that in five years or less I may have no assets, suffer from severe pain and will need to go on full disability with a catastrophic decrease in income. The loss of my job may rob me of a secure retirement.

My layoff has made my children fearful of their future and the security of their home. If I stay in the IT field I run a high risk of again being replaced by a foreign worker.

It’s a farce teaching our kids STEM when the government is permitting U.S. companies to abuse the H-1B visa program, which allows foreigners to take these future jobs from them.

I voted for President Obama and was appalled that he implemented a rule change, which allows work permits to H-1B spouses. My future votes will only go to candidates that support reforms to the H-1B visa program that preserve the American worker.

Worker Three:

I started working at Southern California Edison several decades ago. SCE was a company that many people started with at a young age, could work there through their lifetimes, and retire with a good pension and benefits. That was my plan. And I would have been able to do exactly that — until an executive announced a couple years ago that my department was going to be outsourced.

We were forced to train the less qualified foreign workers hired to take our jobs.

Over 400 hardworking, intelligent people have lost their jobs due to the H-1B visa program. Many of us, and countless more like us, face enormous hurdles to find new jobs — why would companies want to hire us when they can hire cheaper workers on the H-1B visa to do our jobs for us?

Worker Four:

As longtime employees we loved the work we were doing and the people we were working with. We did a great job. Our work mattered. The work we performed was instrumental in building a world-class business unit.

Through no fault of my own my job was just given to someone else with a lot less experience, knowledge and skills, lowering my standard of living and raising theirs so Edison could save a few dollars and reward stockholders with a few more pennies on their dividends.

I and most of my co-workers are completely disgusted that Edison can fire us and replace us with foreign workers, abusing the H1-B program. We cannot understand how the CPUC (California Public Utilities Commission), Governor and Congress, President and media can all ignore this abuse and just pretend it doesn’t matter. It’s as if we no longer matter or have value as human beings or American citizens.

It’s certainly true that other workers in other industries have lost jobs because companies wanted to cut costs. Highly-paid middle-aged workers have been replaced by younger employees working for less. That can be an unhappy fact of life in today’s economy. But in the case of H-1Bs, the federal government is expressly giving a special permit to foreign workers — actually, to large outsourcing firms that use H-1Bs to bring those workers to the U.S. — in order to displace American workers. And now many lawmakers in both parties — their task made simpler by the enforced silence of fired and angry workers — want even more H-1Bs. Is that something the government should do?

http://www.washingtonexaminer.com/silenced-workers-who-lost-jobs-to-h-1b-visa-abuse-quietly-speak-out/article/2561856

 

As tech giant calls for more foreign workers, Senate hears of displaced Americans

BY BYRON YORK

Eric Schmidt, CEO of Google, believes passionately that the United States needs more skilled foreign workers. He has long advocated increasing the number of so-called H-1B visas, which allow those workers to come to the U.S. for several years and, in many cases, work for lower wages than current employees. Schmidt is frustrated that Congress hasn’t done as he and other tech moguls want.

“In the long list of stupid policies of the U.S. government, I think our attitude toward immigration has got to be near the top,” Schmidt said during an appearance this week at the American Enterprise Institute in Washington. “Everyone actually agrees that there should be more H-1B visas in order to create more tech, more science, more analytical jobs. Everyone agrees, in both parties.”

The Eric Schmidt pleading for more foreign workers is the same Eric Schmidt who boasts of turning away thousands upon thousands of job seekers who apply for a few prized positions at Google. For example, at an appearance in Cleveland last October to promote his book, How Google Works, Schmidt explained that his company receives at least 1,000 applications for every job opening. “The good news is that we have computers to do the initial vetting,” Schmidt explained, according to an account in the Cleveland Plain Dealer.

Other tech leaders join Schmidt in calling for more foreign workers. Some companies are actually lobbying for more H-1Bs and laying off American staff at the same time. For example, last year Microsoft announced the layoff of 18,000 people at the very moment it was pushing Congress for more guest worker visas.

Given all that, there’s not quite the unanimous agreement on the need for more foreign workers that Schmidt claims. At a hearing this week before the Senate Judiciary Committee, a number of experts testified that the H-1B program, so sought-after by CEOs, is being abused to harm American workers.

Ron Hira, a Howard University professor and author of the book Outsourcing America, told the story of Southern California Edison, which recently got rid of 500 IT employees and replaced them with a smaller force of lower-paid workers brought in from overseas through the H-1B program. The original employees were making an average of about $110,000 a year, Hira testified; the replacements were brought to Southern California Edison by outsourcing firms that pay an average of between $65,000 and $75,000.

“To add insult to injury,” Hira said, “SCE forced its American workers to train their H-1B replacements as a condition of receiving their severance packages.”

Hira testified that such situations are not unusual. And on the larger issue of whether there is, as many tech executives claim, a critical shortage of labor in what are called the STEM fields — science, technology, engineering and math — another professor, Hal Salzman of Rutgers, testified that the shortage simply does not exist.

“The U.S. supply of top-performing graduates is large and far exceeds the hiring needs of the STEM industries, with only one of every two STEM graduates finding a STEM job,” Salzman testified. “The guest worker supply is very large [and] it is highly concentrated in the IT industry, leading to both stagnant wages and job insecurity.”

The hearing also featured Jay Palmer, a former Infosys project manager who blew the whistle on a case in which the big outsourcing firm paid $34 million in fines for worker visa violations. “I watched this on a daily basis,” Palmer told the Judiciary Committee. “I sat in the offices in meetings with companies that displaced American workers only because the Americans who had been there 15 or 20 years were being paid too much money.”

So not everyone agrees with Schmidt on the need for more H-1B workers. Certainly not the laid-off IT employees at Southern California Edison. And not the workers reportedly displaced by similar practices at Disney, Harley Davidson, Cargill, Pfizer and other companies. Who knows? Maybe some of those workers have been among the 1,000-plus who apply for every Google opening.

To hear the witnesses before the Senate Judiciary Committee tell it, Congress needs to act — not to increase the number of H-1Bs but to close the loopholes that allow them to be so badly abused at such a cost to American workers. “Congress and multiple administrations have inadvertently created a highly lucrative business model of bringing in cheaper H-1B workers to substitute for Americans,” Hira told the committee. “Simply put, the H-1B program has become a cheap labor program.”

http://www.washingtonexaminer.com/as-tech-giant-calls-for-more-foreign-workers-senate-hears-of-displaced-americans/article/2561766

 

H-1B visa

From Wikipedia, the free encyclopedia

The H-1B is a non-immigrant visa in the United States under the Immigration and Nationality Act, section 101(a)(15)(H). It allows U.S. employers to temporarily employ foreign workers in specialty occupations. If a foreign worker in H-1B status quits or is dismissed from the sponsoring employer, the worker must either apply for and be granted a change of status to another non-immigrant status, find another employer (subject to application for adjustment of status and/or change of visa), or leave the U.S.

The regulations define a “specialty occupation” as requiring theoretical and practical application of a body of highly specialized knowledge in a field of human endeavor[1] including but not limited to biotechnology, chemistry, architecture, engineering, mathematics, physical sciences, social sciences, medicine and health, education, law, accounting, business specialties, theology, and the arts, and requiring the attainment of a bachelor’s degree or its equivalent as a minimum[2] (with the exception of fashion models, who must be “of distinguished merit and ability”).[3] Likewise, the foreign worker must possess at least a bachelor’s degree or its equivalent and state licensure, if required to practice in that field. H-1B work-authorization is strictly limited to employment by the sponsoring employer.

Structure of the program

Duration of stay

The duration of stay is three years, extendable to six years. An exception to maximum length of stay applies in certain circumstances

  • If a visa holder has submitted an I-140 immigrant petition or a labor certification prior to their fifth year anniversary of having the H-1B visa, they are entitled to renew their H-1B visa in one-year or three-year increments until a decision has been rendered on their application for permanent residence.
  • If the visa holder has an approved I-140 immigrant petition, but is unable to initiate the final step of the green card process due to their priority date not being current, they may be entitled to a three-year extension of their H-1B visa. This exception originated with the American Competitiveness in the Twenty-First Century Act of 2000.[4]
  • The maximum duration of the H-1B visa is ten years for exceptional United States Department of Defense project related work.

H-1B holders who want to continue to work in the U.S. after six years, but who have not obtained permanent residency status, must remain outside of the U.S. for one year before reapplying for another H-1B visa. Despite a limit on length of stay, no requirement exists that the individual remain for any period in the job the visa was originally issued for. This is known as H-1B portability or transfer, provided the new employer sponsors another H-1B visa, which may or may not be subjected to the quota. Under current law, H-1B visa has no stipulated grace period in the event the employer-employee relationship ceases to exist.

Congressional yearly numerical cap and exemptions[edit]

The current law limits to 65,000 the number of foreign nationals who may be issued a visa or otherwise provided H-1B status each fiscal year (FY). Laws exempt up to 20,000 foreign nationals holding a master’s or higher degree from U.S. universities from the cap on H-1B visas. In addition, excluded from the ceiling are all H-1B non-immigrants who work at (but not necessarily for) universities, non-profit research facilities associated with universities, and government research facilities.[5] Universities can employ an unlimited number of foreign workers as cap-exempt. This also means that contractors working at but not directly employed by the institutions may be exempt from the cap as well. Free Trade Agreements carve out 1,400 H-1B1 visas for Chilean nationals and 5,400 H-1B1 visas for Singapore nationals. However, if these reserved visas are not used, then they are made available in the next fiscal year to applicants from other countries. Due to these unlimited exemptions and roll-overs, the number of H-1B visas issued each year is significantly more than the 65,000 cap, with 117,828 having been issued in FY2010, 129,552 in FY2011, and 135,991 in FY2012.[6][7]

The United States Citizenship and Immigration Services starts accepting applications on the first business day of April for visas that count against the fiscal year starting in October. For instance, H-1B visa applications that count against the FY 2013 cap could be submitted starting from Monday, 2012 April 2. USCIS accepts H-1B visa applications no more than 6 months in advance of the requested start date.[8] Beneficiaries not subject to the annual cap are those who currently hold cap-subject H-1B status or have heldcap-subject H-1B status at some point in the past six years.

Tax status of H-1B workers

The taxation of income for H-1B employees depends on whether they are categorized as either non-resident aliens or resident aliens for tax purposes. A non-resident alien for tax purposes is only taxed on income from the United States, while a resident alien for tax purposes is taxed on all income, including income from outside the US.

The classification is determined based on the “substantial presence test“: If the substantial presence test indicates that the H-1B visa holder is a resident, then income taxation is like any other U.S. person and may be filed using Form 1040 and the necessary schedules; otherwise, the visa-holder must file as a non-resident alien using tax form 1040NR or 1040NR-EZ; he or she may claim benefit from tax treaties if they exist between the United States and the visa holder’s country of citizenship.

Persons in their first year in the U.S. may choose to be considered a resident for taxation purposes for the entire year, and must pay taxes on their worldwide income for that year. This “First Year Choice” is described in IRS Publication 519 and can only be made once in a person’s lifetime. A spouse, regardless of visa status, must include a valid Individual Taxpayer Identification Number (ITIN) or Social Security number (SSN) on a joint tax return with the H-1B holder.

Tax filing rules for H-1B holders may be complex, depending on the individual situation. Besides consulting a professional tax preparer knowledgeable about the rules for foreigners, the IRS Publication 519, U.S. Tax Guide for Aliens, may be consulted. Apart from state and federal taxes, H-1B visa holders pay Medicare and Social Security taxes, and are eligible for Social Security benefits.

H-1B and legal immigration

Even though the H-1B visa is a non-immigrant visa, it is one of the few visa categories recognized as dual intent, meaning an H-1B holder can have legal immigration intent (apply for and obtain the green card) while still a holder of the visa. In the past the employment-based green card process used to take only a few years, less than the duration of the H-1B visa itself. However, in recent times the legal employment-based immigration process has backlogged and retrogressed to the extent that it now takes many years for guest-work visa holders from certain countries to obtain green cards. Since the duration of the H-1B visa hasn’t changed, this has meant that many more H-1B visa holders must renew their visas in one or three-year increments for continued legal status while their green card application is in process.

Dependents of H-1B visa holders

H-1B visa holders can bring immediate family members (spouse and children under 21) to the U.S. under the H4 Visa category as dependents. An H4 Visa holder may remain in the U.S. as long as the H-1B visa holder retains legal status. An H4 visa holder is not eligible to work or get a Social Security number (SSN).[9] However, a DHS ruling made on Feb 24, 2015 provides certain H4 visa holders with eligibility to work, starting May 26, 2015.[10] An H4 Visa holder may attend school, get a driver’s license, and open a bank account in the U.S. To claim a dependent on a tax return or file a joint tax return, the dependent must obtain an Individual Tax Identification Number (ITIN), which is only used for tax filing purposes.

Administrative processing

When an H-1B worker goes outside of U.S. for vacation, he or she has to get the visa stamped on his passport unless he has already done so for re-entry in the United States. The interview is taken in U.S. Embassy by a visa officer. In some cases, H-1B workers can be required to undergo “administrative processing”, involving extra, lengthy background checks. Under current rules, these checks are supposed to take ten days or less, but in some cases, have lasted years.[11]

Evolution of the program

Changes in the cap, number of applications received, and numbers of applications approved vs. visas issued[edit]

During the early 1990s, the cap was rarely reached. By the mid-1990s, however, the allocation tended fill each year on a first come, first served basis, resulting in frequent denials or delays of H-1Bs because the annual cap had been reached. In 1998, the cap increased to 115,000.

American Competitiveness in the Twenty-First Century Act of 2000 (Hatch-Abraham-Gramm; PL106-313 sections102 and 103; 114 Stat 1251; enacted 2000-10-03; signed by Bill Clinton 2000-10-17) granted government functionaries amnesty for over-shooting the H-1B limit by 22,500 in FY1999 and by about 30,000 in FY2000; temporarily increased H-1B “cap”/”limit” to 195K for FY2001 through FY2003; exempted all individuals being hired by institutions of higher education, as well as non-profit and government-research organizations, from the cap, and § 105, 114 Stat. 1253 permitted portability, i.e. employer/sponsor change.

The H-1B Visa Reform Act of 2004 mandated that, “…the first 20,000 H-1B petitions filed on behalf of aliens with U.S.-earned masters’ or higher degrees will be exempt from any fiscal year cap…”[12] Additionally, universities, nonprofit research organizations affiliated with universities, and governmental research organizations are exempt from the H-1B cap. For all other new H-1B applicants, the congressionally mandated H-1B visa cap is 65,000 annually.[12][13]

For FY2007, with applications accepted from 2006 April 1, the entire quota of visas for the year was exhausted within a span of 2 months on May 26,[14] well before the beginning of the financial year concerned. The additional 20,000 Advanced Degree H-1B visas were exhausted on July 26.

For FY2008, the entire quota was exhausted before the end of the first day that applications were accepted, April 2.[15] Under USCIS rules, the 123,480 petitions received on April 2 and April 3 that were subject to the cap were pooled, and then 65,000 of these were selected at random for further processing.[16] The additional 20,000 Advanced Degree H-1B visas for FY2008 was exhausted on April 30.

For FY2009, USCIS announced on 2008 April 8, that the entire quota for visas for the year had been reached, for both 20,000 Advanced and the 65,000 quota. USCIS would complete initial data entry for all filing received during 2008 April 1 to April 7, before running the lottery, while 86,300 new visas were approved.[17]

For FY2010, USCIS announced on 2009 December 21, that enough petitions were received to reach that year’s cap.[18]

For FY2011, USCIS announced on 2011 January 27, that enough petitions were received to reach that year’s cap on January 26.

For FY2015, USCIS announced on 2014 April 10 that received about 172,500 H-1B petitions during the filing period which began April 1, including petitions filed for the advanced degree exemption.[19]

Numbers of applications approved

The applications received are evaluated by USCIS, and some subset are approved each year. It is possible for an individual to file multiple applications, for multiple job opportunities with a single employer/sponsor or with multiple employer/sponsors. It is possible for an individual applicant to have multiple applications approved and to be able to choose which one to take.

In its annual report on H-1B visas, released in 2006 November, USCIS stated that it approved 130,497 H-1B visa applications in FY2004 (while 138,965 new visas were issued through consular offices) and 116,927 in FY2005 (while 124,099 new visas were issued via consular offices).[12][20][21][22][23][23][24][25]

In FY2008, a total of 276,252 visa applications (109,335 initial, 166,917 renewals and extensions) were approved, and 130,183 new initial visas were issued through consular offices.

In FY2009, 214,271 visas were approved, with 86,300 being for initial employment, and 127,971 being for continued employment)[26] and 110,988 initial H-1B visas were issued from consular offices.[27]

In FY2010, 192,990 new visas were approved, with 76,627 being for initial employment and 116,363 being for continuing employment. 117,828 new visas were issued through consular offices[28]

In FY2011, 269,653 new visas were approved, with 106,445 being for initial employment and 163,208 being for continued employment. 129,552 new visas were issued through consular offices.[28]

In FY2012, 262,569 new visas were approved with 136,890 being for initial employment and 125,679 being for continued employment.[28][21][22][23][24][25][28][28][29][30]

American Competitiveness in the Twenty-First Century Act of 2000

The American Competitiveness in the Twenty-First Century Act of 2000 (AC21) and the U.S. Department of Labor’s PERM system for labor certification erased most of the earlier claimed arguments for H-1Bs as indentured servants during the green card process. With PERM, labor certification processing time is now approximately 9 months (as of Mar 2010).[31]

Because of AC21, the H-1B employee is free to change jobs if they have an I-485 application pending for six months and an approved I-140, and if the position they move to is substantially comparable to their current position. In some cases, if those labor certifications are withdrawn and replaced with PERM applications, processing times improve, but the person also loses their favorable priority date. In those cases, employers’ incentive to attempt to lock in H-1B employees to a job by offering a green card is reduced, because the employer bears the high legal costs and fees associated with labor certification and I-140 processing, but the H-1B employee is still free to change jobs.

However, many people are ineligible to file I-485 at the current time due to the widespread retrogression in priority dates. Thus, they may well still be stuck with their sponsoring employer for many years. There are also many old labor certification cases pending under pre-PERM rules.

Consolidated Natural Resources Act of 2008

The Consolidated Natural Resources Act of 2008, which, among other issues, federalizes immigration in the Commonwealth of the Northern Mariana Islands, stipulates that during a transition period, numerical limitations do not apply to otherwise qualified workers in the H visa category in the CNMI and Guam.[32]

American Recovery and Reinvestment Act of 2009

On Feb. 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (“stimulus bill”), Public Law 111-5.[33] Section 1661 of the ARRA incorporates the Employ American Workers Act (EAWA) by Senators Sanders (I-Vt.) and Grassley (R-Iowa) to limit certain banks and other financial institutions from hiring H-1B workers unless they had offered positions to equally or better-qualified U.S. workers, and to prevent banks from hiring H-1B workers in occupations they had laid off U.S. workers from. These restrictions include:

  1. The employer must, prior to filing the H-1B petition, take good-faith steps to recruit U.S. workers for the position for which the H-1B worker is sought, offering a wage at least as high as what the law requires for the H-1B worker. The employer must also attest that, in connection with this recruitment, it has offered the job to any U.S. worker who applies who is equally or better qualified for the position.
  2. The employer must not have laid off, and will not lay off, any U.S. worker in a job essentially equivalent to the H-1B position in the area of intended employment of the H-1B worker within the period beginning 90 days prior to the filing of the H-1B petition and ending 90 days after its filing.[34]

Changes in USCIS policy

After completing a policy review, the USCIS clarified that individuals who spent more than one year outside of U.S. and did not exhaust their entire six-year term can choose to be re-admitted for the “remainder” of initial six-year period without being subject to the H-1B cap.[35]

After completing a policy review, the USCIS clarified that, “Any time spent in H-4 status will not count against the six-year maximum period of admission applicable to H-1B aliens.”[35]

USCIS recently issued a memorandum dated 8 Jan 2010. The memorandum effectively states that there must be a clear “employee employer relationship” between the petitioner (employer) and the beneficiary (prospective visa holder). It simply outlines what the employer must do to be considered in compliance as well as putting forth the documentation requirements to back up the employer’s assertion that a valid relationship exists.

The memorandum gives three clear examples of what is considered a valid “employee employer relationship”:

  • a fashion model
  • a computer software engineer working off-site/on-site
  • a company or a contractor which is working on a co-production product in collaboration with DOD

In the case of the software engineer, the petitioner (employer) must agree to do (some of) the following among others:

  • Supervise the beneficiary on and off-site
  • Maintain such supervision through calls, reports, or visits
  • Have a “right” to control the work on a day-to-day basis if such control is required
  • Provide tools for the job
  • Hire, pay, and have the ability to fire the beneficiary
  • Evaluate work products and perform progress/performance reviews
  • Claim them for tax purposes
  • Provide (some type of) employee benefits
  • Use “proprietary information” to perform work
  • Produce an end product related to the business
  • Have an “ability to” control the manner and means in which the worker accomplishes tasks

It further states that “common law is flexible” in how to weigh these factors. Though this memorandum cites legal cases and provides examples, such a memorandum in itself is not law and future memoranda could change this.

Protections for U.S. workers

Labor Condition Application

Further information: Labor Condition Application

The U.S. Department of Labor (DOL) is responsible for ensuring that foreign workers do not displace or adversely affect wages or working conditions of U.S. workers. For every H-1B petition filed with the USCIS, there must be included a Labor Condition Application (LCA) (not to be confused with the labor certification), certified by the U.S. Department of Labor. The LCA is designed to ensure that the wage offered to the non-immigrant worker meets or exceeds the “prevailing wage” in the area of employment. (“Immigration law has a number of highly technical terms that may not mean the same thing to the average reader.”[36] last updated 2011 March 31, visited 2012 November 5) The LCA also contains an attestation section designed to prevent the program from being used to import foreign workers to break a strike or replace U.S. citizen workers.

While an employer is not required to advertise the position before hiring an H-1B non-immigrant pursuant to the H-1B visa approval, the employer must notify the employee representative about the Labor Condition Application (LCA)—or if there is no such representation, the employer must publish the LCA at the workplace and the employer’s office.[37][38] Under the regulations, LCAs are a matter of public record. Corporations hiring H-1B workers are required to make these records available to any member of the public who requests to look at them. Copies of the relevant records are also available from various web sites, including the Department of Labor.

History of the Labor Condition Application form

The LCA must be filed electronically using Form ETA 9035E.[39] Over the years, the complexity of the form increased from one page in 1997[40] to three pages in 2008,[41] to five pages as of August 2012.[42]

Employer attestations

By signing the LCA, the employer attests that:[43]

  • The employer pays H-1B non-immigrants the same wage level paid to all other individuals with similar experience and qualifications for that specific employment, or the prevailing wage for the occupation in the area of employment, whichever is higher.
  • The employment of H-1B non-immigrants does not adversely affect working conditions of workers similarly employed.
  • On the date the application is signed and submitted, there is not a strike, lockout, or work stoppage in the course of a labor dispute in the occupation in which H-1B non-immigrants will be employed at the place of employment. If such a strike or lockout occurs after this application is submitted, the employer must notify ETA within three days, and the application is not used to support petition filings with INS for H-1B non-immigrants to work in the same occupation at the place of employment until ETA determines the strike or lockout is over.
  • A copy of this application has been, or will be, provided to each H-1B non-immigrant employed pursuant to this application, and, as of the application date, notice of this application has been provided to workers employed in the occupation in which H-1B non-immigrants will be employed:
    • Notice of this filing has been provided to bargaining representative of workers in the occupation in which H-1B non-immigrants will be employed; or
    • There is no such bargaining representative; therefore, a notice of this filing has been posted and was, or will remain, posted for 10 days in at least two conspicuous locations where H-1B non-immigrants will be employed.

The law requires H-1B workers to be paid the higher of the prevailing wage for the same occupation and geographic location, or the same as the employer pays to similarly situated employees. Other factors, such as age and skill were not permitted to be taken into account for the prevailing wage. Congress changed the program in 2004 to require the Department of Labor to provide four skill-based prevailing wage levels for employers to use. This is the only prevailing wage mechanism the law permits that incorporates factors other than occupation and location.

The approval process for these applications are based on employer attestations and documentary evidence submitted. The employer is advised of their liability if they are replacing a U.S. worker.

Limits on employment

According to the USCIS, “H-1B nonimmigrants may only work for the petitioning U.S. employer and only in the H-1B activities described in the petition. The petitioning U.S. employer may place the H-1B worker on the worksite of another employer if all applicable rules (e.g., Department of Labor rules) are followed. Generally, a nonimmigrant employee may work for more than one employer at the same time. However, each employer must follow the process for initially applying for a nonimmigrant employee.”[44]

H-1B fees earmarked for U.S. worker education and training

In 2007, the U.S. Department of Labor, Employment and Training Administration (ETA), reported on two programs, the High Growth Training Initiative and Workforce Innovation Regional Economic Development (WIRED), which have received or will receive $284 million and $260 million, respectively, from H-1B training fees to educate and train U.S. workers.[citation needed] According to the Seattle Times $1 billion from H1-B fees have been distributed by the Labor Department to further train the U.S. workforce since 2001.[45]

Criticisms of the program

The H-1B program has caused a number of criticisms.

No labor shortages

Paul Donnelly, in a 2002 article in Computerworld, cited Milton Friedman as stating that the H-1B program acts as a subsidy for corporations.[46] Others holding this view include Dr. Norman Matloff, who testified to the U.S. House Judiciary Committee Subcommittee on Immigration on the H-1B subject.[47] Matloff’s paper for the University of Michigan Journal of Law Reform claims that there has been no shortage of qualified American citizens to fill American computer-related jobs, and that the data offered as evidence of American corporations needing H-1B visas to address labor shortages was erroneous.[48] The United States General Accounting Office found in a report in 2000 that controls on the H-1B program lacked effectiveness.[49] The GAO report’s recommendations were subsequently implemented.

High-tech companies often cite a tech-worker shortage when asking Congress to raise the annual cap on H-1B visas, and have succeeded in getting various exemptions passed. The American Immigration Lawyers Association (AILA), described the situation as a crisis, and the situation was reported on by the Wall Street Journal, BusinessWeek and Washington Post. Employers applied pressure on Congress.[50] Microsoft chairman Bill Gates testified in 2007 on behalf of the expanded visa program on Capitol Hill, “warning of dangers to the U.S. economy if employers can’t import skilled workers to fill job gaps”.[50] Congress considered a bill to address the claims of shortfall[51] but in the end did not revise the program.[52]

According to a study conducted by John Miano and the Center for Immigration Studies, there is no empirical data to support a claim of employee worker shortage.[53] Citing studies from Duke, Alfred P. Sloan Foundation, Georgetown University and others, critics have also argued that in some years, the number of foreign programmers and engineers imported outnumbered the number of jobs created by the industry.[54] Organizations have also posted hundreds of first hand accounts of H-1B Visa Harm reports directly from individuals negatively impacted by the program, many of whom are willing to speak with the media.[55]

Studies carried out from the 1990s through 2011 by researchers from Columbia U, Computing Research Association (CRA), Duke U, Georgetown U, Harvard U, National Research Council of the NAS, RAND Corporation, Rochester Institute of Technology, Rutgers U, Alfred P. Sloan Foundation, Stanford U, SUNY Buffalo, UC Davis, UPenn Wharton School, Urban Institute, and U.S. Dept. of Education Office of Education Research & Improvement have reported that the U.S. has been producing sufficient numbers of able and willing STEM (Science, Technology, Engineering and Mathematics) workers, while several studies from Hal Salzman, B. Lindsay Lowell, Daniel Kuehn, Michael Teitelbaum and others have concluded that the U.S. has been employing only 30% to 50% of its newly degreed able and willing STEM workers to work in STEM fields. A 2012 IEEE announcement of a conference on STEM education funding and job markets stated “only about half of those with under-graduate STEM degrees actually work in the STEM-related fields after college, and after 10 years, only some 8% still do”.[56]

Wage depression

Wage depression is a chronic complaint critics have about the H-1B program: some studies have found that H-1B workers are paid significantly less than U.S. workers.[57][58] It is claimed[59][60][61][62][63][63] that the H-1B program is primarily used as a source of cheap labor. A paper by George J. Borjas for the National Bureau of Economic Research found that “a 10 percent immigration-induced increase in the supply of doctorates lowers the wage of competing workers by about 3 to 4 percent.”[64]

The Labor Condition Application (LCA) included in the H-1B petition is supposed to ensure that H-1B workers are paid the prevailing wage in the labor market, or the employer’s actual average wage (whichever is higher), but evidence exists that some employers do not abide by these provisions and avoid paying the actual prevailing wage despite stiff penalties for abusers.[65]

Theoretically, the LCA process appears to offer protection to both U.S. and H-1B workers. However, according to the U.S. General Accounting Office, enforcement limitations and procedural problems render these protections ineffective.[66] Ultimately, the employer, not the Department of Labor, determines what sources determine the prevailing wage for an offered position, and it may choose among a variety of competing surveys, including its own wage surveys, provided that such surveys follow certain defined rules and regulations.

The law specifically restricts the Department of Labor’s approval process of LCAs to checking for “completeness and obvious inaccuracies”.[67] In FY 2005, only about 800 LCAs were rejected out of over 300,000 submitted. Hire Americans First has posted several hundred first hand accounts of individuals negatively impacted by the program, many of whom are willing to speak with the media.[55]

DOL has split the prevailing wage into four levels, with Level One representing about the 17th percentile of wage average Americans earn. About 80 percent of LCAs are filed at this 17th percentile level[citation needed]. This four-level prevailing wage can be obtained from the DOL website,[68] and is generally far lower than average wages[citation needed].

The “prevailing wage” stipulation is allegedly vague and thus easy to manipulate[citation needed], resulting in employers underpaying visa workers. According to Ron Hira, assistant professor of public policy at the Rochester Institute of Technology, the median wage in 2005 for new H-1B information technology (IT) was just $50,000, which is even lower than starting wages for IT graduates with a B.S. degree. The U.S. government OES office’s data indicates that 90 percent of H-1B IT wages were below the median U.S. wage for the same occupation.[69]

In 2002, the U.S. government began an investigation into Sun Microsystems’ hiring practices after an ex-employee, Guy Santiglia, filed complaints with the U.S. Department of Justice and U.S. Department of Labor alleging that the Santa Clara firm discriminates against American citizens in favor of foreign workers on H-1B visas. Santiglia accused the company of bias against U.S. citizens when it laid off 3,900 workers in late 2001 and at the same time applied for thousands of visas. In 2002, about 5 percent of Sun’s 39,000 employees had temporary work visas, he said.[70] In 2005, it was decided that Sun violated only minor requirements and that neither of these violations was substantial or willful. Thus, the judge only ordered Sun to change its posting practices.[71]

Risks for employees

Historically, H-1B holders have sometimes been described as indentured servants,[72] and while the comparison is no longer as compelling, it had more validity prior to the passage of American Competitiveness in the Twenty-First Century Act of 2000. Although immigration generally requires short- and long-term visitors to disavow any ambition to seek the green card (permanent residency), H-1B visa holders are an important exception, in that the H-1B is legally acknowledged as a possible step towards a green card under what is called the doctrine of dual intent.

H-1B visa holders may be sponsored for their green cards by their employers through an Application for Alien Labor Certification, filed with the U.S. Department of Labor.[citation needed] In the past, the sponsorship process has taken several years, and for much of that time the H-1B visa holder was unable to change jobs without losing their place in line for the green card. This created an element of enforced loyalty to an employer by an H-1B visa holder. Critics[who?] alleged that employers benefit from this enforced loyalty because it reduced the risk that the H-1B employee might leave the job and go work for a competitor, and that it put citizen workers at a disadvantage in the job market, since the employer has less assurance that the citizen will stay at the job for an extended period of time, especially if the work conditions are tough, wages are lower or the work is difficult or complex. It has been argued that this makes the H-1B program extremely attractive to employers, and that labor legislation in this regard has been influenced by corporations seeking and benefiting from such advantages.[citation needed]

Some recent news reports suggest that the recession that started in 2008 will exacerbate the H-1B visa situation, both for supporters of the program and for those who oppose it.[73] The process to obtain the green card has become so long that during these recession years it has not been unusual that sponsoring companies fail and disappear, thus forcing the H-1B employee to find another sponsor, and lose their place in line for the green card. An H-1B employee could be just one month from obtaining their green card, but if the employee is laid off, he or she may have to leave the country, or go to the end of the line and start over the process to get the green card, and wait as much as 10 more years, depending on the nationality and visa category.[74]

The American Competitiveness in the Twenty-First Century Act of 2000 provides some relief for people waiting for a long time for a green card, by allowing H-1B extensions past the normal 6 years, as well as by making it easier to change the sponsoring employer.

The Out-Sourcing/Off-Shoring Visa

Further information: IT Body Shops

In his floor statement on H-1B Visa Reform, Senator Dick Durbin stated “The H-1B job visa lasts for 3 years and can be renewed for 3 years. What happens to those workers after that? Well, they could stay. It is possible. But these new companies have a much better idea for making money. They send the engineers to America to fill spots–and get money to do it—and then after the 3 to 6 years, they bring them back to work for the companies that are competing with American companies. They call it their outsourcing visa. They are sending their talented engineers to learn how Americans do business and then bring them back and compete with those American companies.”[75] Critics of H-1B use for outsourcing have also noted that more H-1B visas are granted to companies headquartered in India than companies headquartered in the United States.[76]

Of all Computer Systems Analysts and programmers on H-1B visas in the U.S., 74 percent were from Asia. This large scale migration of Asian IT professionals to the United States has been cited as a central cause for the quick emergence of the offshore outsourcing industry.[77]

In FY 2009, due to the worldwide recession, applications for H-1B visas by off-shore out-sourcing firms were significantly lower than in previous years,[78] yet 110,367 H-1B visas were issued, and 117,409 were issued in FY2010.

Social Security and Medicare taxes

H-1B employees have to pay Social Security and Medicare taxes as part of their payroll. Like U.S. citizens, they are eligible to receive Social Security benefits even if they leave the United States, provided they have paid Social Security payroll taxes for at least 10 years. Further, the U.S. has bilateral agreements with several countries to ensure that the time paid into the U.S. Social Security system, even if it is less than 10 years, is taken into account in the foreign country’s comparable system and vice versa.[79]

Departure Requirement on Job Loss

If an employer lays off an H-1B worker, the employer is required to pay for the laid-off worker’s transportation outside the United States.

If an H-1B worker is laid off for any reason, the H-1B program technically does not specify a time allowance or grace period to round up one’s affairs irrespective of how long the H-1B worker might have lived in the United States. To round up one’s affairs, filing an application to change to another non-immigrant status may therefore become a necessity.

If an H-1B worker is laid off and attempts to find a new H-1B employer to file a petition for him, the individual is considered out of status if there is even a one-day gap between the last day of employment and the date that the new H-1B petition is filed. While some attorneys claim that there is a grace period of 30 days, 60 days, or sometimes 10 days, that is not true according to the law. In practice, USCIS has accepted H-1B transfer applications even with a gap in employment up to 60 days, but that is by no means guaranteed.

Some of the confusion regarding the alleged grace period arose because there is a 10-day grace period for an H-1B worker to depart the United States at the end of his authorized period of stay (does not apply for laid-off workers). This grace period only applies if the worker works until the H-1B expiration date listed on his I-797 approval notice, or I-94 card. 8 CFR 214.2(h)(13)(i)(A).

American workers are ordered to train their foreign replacements[edit]

Although the alleged reason for the H-1B program is to fill jobs that Americans don’t want to work at, there have been cases where employers used the program to replace their American employees with H-1B employees, and in some of those cases, the American employees were even ordered to train their replacements.[80][81]

Fraud prevention

The United States Citizenship and Immigration Services “H-1B Benefit Fraud & Compliance Assessment” of September 2008 concluded 21% of H-1B visas granted originate from fraudulent applications or applications with technical violations.[82] Fraud was defined as a willful misrepresentation, falsification, or omission of a material fact. Technical violations, errors, omissions, and failures to comply that are not within the fraud definition were included in the 21% rate. Subsequently, USCIS has made procedural changes to reduce the number of fraud and technical violations on H-1B applications.

In 2009, federal authorities busted a nationwide H-1B Visa Scam.[83]

Similar programs

In addition to H-1B visas, there are a variety of other visa categories that allow foreign workers to come into the U.S. to work for some period of time.

L-1 visas are issued to foreign employees of a corporation. Under recent rules, the foreign worker must have worked for the corporation for at least one year in the preceding three years prior to getting the visa. An L-1B visa is appropriate for non-immigrant workers who are being temporarily transferred to the United States based on their specialized knowledge of the company’s techniques and methodologies. An L-1A visa is for managers or executives who either manage people or an essential function of the company. There is no requirement to pay prevailing wages for the L-1 visa holders. For Canadian residents, a special L visa category is available.

TN-1 visas are part of the North American Free Trade Agreement (NAFTA), and are issued to Canadian and Mexican citizens.[84] TN visas are only available to workers who fall into one of a pre-set list of occupations determined by the NAFTA treaty. There are specific eligibility requirements for the TN Visa.

E-3 visas are issued to citizens of Australia under the Australia free-trade treaty.

H-1B1 visas are a sub-set of H-1B issued to residents of Chile and Singapore under the United States-Chile Free Trade Agreement of 2003; PL108-77 § 402(a)(2)(B), 117 Stat. 909, 940; S1416, HR2738; passed in House 2003-07-24 and the United States-Singapore Free Trade Agreement of 2003; PL108-78 § 402(2), 117 Stat. 948, 970-971; S1417, HR2739; passed in House 2003-07-24, passed in senate 2003-07-31, signed by executive (GWBush) 2003-05-06. According to USCIS, unused H-1B1 visas are added into the next year’s H-1B base quota of 58,200.

One recent trend in work visas is that various countries attempt to get special preference for their nationals as part of treaty negotiations. Another trend is for changes in immigration law to be embedded in large Authorization or Omnibus bills to avoid the controversy that might accompany a separate vote.

H-2B visa: The H-2B non-immigrant program permits employers to hire foreign workers to come to the U.S. and perform temporary nonagricultural work, which may be one-time, seasonal, peak load or intermittent. There is a 66,000 per year limit on the number of foreign workers who may receive H-2B status.

H-1B demographics

H-1B Applications Approved

H-1B Applications Approved by USCIS[12][20][21][22][23][24][25][28][30]
Year Initial Renewals+Extensions Total
1999 134,411 na na
2000 136,787 120,853 257,640
2001 201,079 130,127 331,206
2002 103,584 93,953 197,537
2003 105,314 112,026 217,340
2004 130,497 156,921 287,418
2005 116,927 150,204 267,131
2006 109,614 161,367 270,981
2007 120,031 161,413 281,444
2008 109,335 166,917 276,252
2009 86,300 127,971 214,271
2010 76,627 116,363 192,990
2011 106,445 163,208 269,653
2012 136,890 125,679 262,569
H-1B Applications Approved by USCIS for those with less than the equivalent of a U.S. bachelor’s degree[12][20][21][22][23][24][25][28][30]
Year No HS Diploma Only HS Diploma Less Than 1 year of College 1+ years of College Equivalent of Associate’s Total Less Than Equivalent of U.S. Bachelor’s
2000 554 288 158 1,290 696 2,986
2001 247 895 284 1,376 1,181 3,983
2002 169 806 189 849 642 2,655
2003 148 822 122 623 534 2,249
2004 123 690 137 421 432 1,803
2005 107 440 77 358 363 1,345
2006 96 392 54 195 177 914
2007 72 374 42 210 215 913
2008 80 174 19 175 195 643
2009 108 190 33 236 262 829
2010 140 201 24 213 161 739
2011 373 500 44 255 170 1,342
2012 108 220 35 259 174 796

H-1B visas issued per year

new/initial H-1B visas issued by State Department through consular offices[6][7][85][86][87][88][89][90][91][92][93][94][95][95][96][96][97]
Year H-1B H-1B1 Total
1990 794 na 794
1991 51,882 na 51,882
1992 44,290 na 44,290
1993 35,818 na 35,818
1994 42,843 na 42,843
1995 51,832 na 51,832
1996 58,327 na 58,327
1997 80,547 na 80,547
1998 91,360 na 91,360
1999 116,513 na 116,513
2000 133,290 na 133,290
2001 161,643 na 161,643
2002 118,352 na 118,352
2003 107,196 na 107,196
2004 138,965 72 139,037
2005 124,099 275 124,374
2006 135,421 440 135,861
2007 154,053 639 154,692
2008 129,464 719 130,183
2009 110,367 621 110,988
2010 117,409 419 117,828
2011 129,134 418 129,552
2012 135,530 461 135,991
2013 153,223 571 153,794

Top H-1B rankings

Companies receiving H-1Bs[98][99][100]
2013 Rank Company Headquarters Primary Employment Base Received 2006[101] Approved 2007 new [102] Approved 2008 new [103] Approved 2009 new [104] Approved 2010 new [105] Approved 2011 new [106] Approved 2012 new [107] Approved 2013 new [108]
1 Infosys Bangalore,Karnataka, India India 4,908 4,559 4,559 440 3,792 3,962 5,600 6,298
2 Tata Consultancy Services Mumbai,Maharashtra,India India 3,046 797 1,539 1,740 7,469 6,258
3 Cognizant Teaneck, New Jersey U.S. 2,226 962 467 233 3,388 4,222 9,281 5,186
4 Accenture Inc Dublin, Ireland U.S. 637 331 731 287 506 1,347 4,037 3,346
5 Wipro Bangalore,Karnataka, India India 4,002 2,567 2,678 1,964 1,521 2,736 4,304 2,644
6 HCL Technologies Ltd Noida, Uttar Pradesh, India India 910 102 1,033 2,070 1,766
7 IBM Armonk, New York U.S. 1,324 199 381 865 882 853 1,846 1,624
8 Mahindra Satyam Hyderabad,Andhra Pradesh,India India 2,880 1,396 1,917 219 224 1,963 1,589
9 Larsen & Toubro Infotech Mumbai,Maharashtra,India India 947 292 403 602 333 1,204 1,832 1,580
10 Deloitte New York City,New York U.S. 1,555 525 413 563 196 1,668 1,491
11 IGATE (merged withPatni) Bridgewater, NJ& Bengaluru,India India 1,391 477 296 609 164 1,260 1,157
12 Microsoft Redmond, Washington U.S. 3,117 959 1,037 1,318 1,618 947 1,497 1,048
13 Syntel Troy, Michigan 416 130 129 1,161 1,041
14 Qualcomm San Diego,California U.S. 533 158 255 320 909
15 Amazon Seattle, Washington U.S. 262 81 182 881
16 Intel Corporation Santa Clara,California U.S. 828 369 351 723 772
17 Google Mountain View,California U.S. 328 248 207 211 172 383 753
18 Mphasis Bangalore,Karnataka, India India 751 248 251 229 197 556
19 Capgemini Paris, France 309 99 500
20 Oracle Corporation Redwood Shores,California U.S. 1,022 113 168 272 475
21 UST Global Aliso Viejo,California U.S. 339 416 344 475
22 PricewaterhouseCoopers London, United Kingdom 591 192 449
23 Cisco Systems San Jose,California U.S. 828 324 422 308 379
24 Ernst & Young LLP London, United Kingdom UK 774 302 321 481 373
Top 10 universities and schools receiving H-1Bs[98][99][101]
School H-1Bs Received 2006
New York City Public Schools 642
University of Michigan 437
University of Illinois at Chicago 434
University of Pennsylvania 432
Johns Hopkins University School of Medicine 432
University of Maryland 404
Columbia University 355
Yale University 316
Harvard University 308
Stanford University 279
Washington University in St. Louis 278
University of Pittsburgh 275

See also

http://en.wikipedia.org/wiki/H-1B_visa

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Conservatives Cheer Cruz Candidacy — Faith, Family, Friends, Freedom ~ First — Videos

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Story 1: Conservatives Cheer Cruz Candidacy — Faith, Family, Friends, Freedom ~ First — Videos

cted cruz runs

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2016 Republican Presidential Nomination

Polling Data

Poll Date Bush Walker Carson Huckabee Paul Christie Rubio Cruz Perry Jindal Santorum Kasich Spread
RCP Average 1/25 – 3/15 16.6 16.6 10.6 10.2 8.4 6.4 5.0 4.6 3.0 2.0 1.8 1.7 Tie
CNN/ORC 3/13 – 3/15 16 13 9 10 12 7 7 4 4 1 1 2 Bush +3
McClatchy/Marist 3/1 – 3/4 19 18 9 10 7 6 5 4 3 2 Bush +1
Quinnipiac 2/26 – 3/2 16 18 7 8 6 8 5 6 1 2 2 1 Walker +2
PPP (D) 2/20 – 2/22 17 25 18 10 4 5 3 5 3 Walker +7
FOX News 1/25 – 1/27 15 9 10 13 13 6 5 4 4 3 2 2 Bush +2

All 2016 Republican Presidential Nomination Polling Data

fox-cpac-straw-poll

CPAC2015

• Presidential Candidate Ted Cruz • One-On-One • Hannity • 3/23/15 •

Ted Cruz announces presidential bid at Liberty University

Ted Cruz Liberty University FULL SPEECH Ted Cruz Announces He’s Running For President 2016

Senator Ted Cruz of Texas on Monday formally announced his candidacy for the 2016 Republican presidential nomination, promising a campaign that would be about “re-igniting the promise of America.” Ted Cruz Becomes First Major Candidate to Announce Presidential Bid for 2016. Ted Cruz Opens 2016 As the Election’s Self-Declared Conservative Champion
The Texas senator and presidential candidate kicked off his “The power of the American people as we stand up and fight for liberty knows no bounds,” Mr. Cruz said during a speech at Liberty University in Lynchburg, Va., in which he talked at length about his family and his faith as he laid out a case for his candidacy.
imagine you compiled a list of all the things Cruz asked his young audience to “imagine” being fulfilled through his presidency: “…millions of courageous conservatives rising up to say in unison, ‘we demand our liberty.’” “…millions of people in faith all across America coming out to the polls and voting our values.” “…millions of young people standing together saying ‘We will stand for liberty.’” “…booming economic growth” “…record number of small businesses” “…young people coming out of college with four, five, six job offers” (lulz) “…innovation thriving on the internet as government regulators and tax collectors are kept at bay.” “…America finally becoming energy self-sufficient.” “…a new president signing legislation repealing every word of Obamacare.” “…health care reform that keeps government out of the way of your and your doctor.” “…a simple flat tax.” “…abolishing the IRS.” “…a president that finally, finally, finally secures the borders.” “…a legal immigration that welcomes and celebrates those who come to achieve the America dream.” “…a federal government that stands for the First Amendment rights of every American.” “…a federal government that works to defend the sanctity of life and to uphold the sacrament of marriage.” “…a federal government that fights to keep the right to bear arms.” “…a federal government that protected the privacy rights of every American.” “…repealing every word of Common Core.” “…embracing school choice as the civil rights issue of the next generation.” “…a president who stands unapologetically with the nation of Israel.” “…a president who says I will honor the Constitution and under no circumstances will Iran be allowed to acquire a nuclear weapon.” “…a president who says we will stand up and defeat radical Islamic terrorism.” “…it’s 1775.” “…it’s 1777.” “…it’s 1943.” “…it’s 1979.”
Drawing on a stump speech he has developed in recent months, Mr. Cruz struck a tone of defiance and appealed to conservatives to “imagine a president” who would repeal the Affordable Care Act, abolish the Internal Revenue Service, secure the border and forbid same-sex marriage.

His criticism of President Obama also extended to foreign policy, where he denounced the administration’s positions on Israel, Iran’s nuclear program and Islamic extremism.

Related Coverage Mr. Cruz made his case to a gathering of conservative activists at an annual gathering in February. Ted Cruz’s Path to the Presidency MARCH 23, 2015 Senator Ted Cruz brought his daughters, Catherine, 4, right, and Caroline, 6, on stage at Liberty University on Sunday during a walk-through for his speech Monday, when he will start his presidential campaign. Road to 2016: Why Ted Cruz Is Such a Long Sho tMARCH 23, 2015 Senator Ted Cruz at a rehearsal on Sunday for his formal campaign announcement at Liberty University in Lynchburg, Va. Things You May Not Know About Ted Cruz MARCH 23, 2015 Senator Ted Cruz is the first Republican to officially enter the presidential race. Ted Cruz Hopes Early Campaign Entry Will Focus Voters’ Attention

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Transcript: Read Full Text of Sen. Ted Cruz’s Campaign Launch

Cruz served as a law clerk to J. Michael Luttig of the United States Court of Appeals for the Fourth Circuit in 1995[8][11] and William Rehnquist, Chief Justice of the United States in 1996.[7] Cruz was the first Hispanic to clerk for a Chief Justice of the United States.[46]

Private practice

After Cruz finished his clerkships, he took a position with Cooper, Carvin & Rosenthal, which is now known as Cooper & Kirk, LLC, from 1997 to 1998.[47] While with the firm, Cruz worked on matters relating to the National Rifle Association, and helped prepare testimony for the impeachment proceedings against President Clinton.[48] Cruz also served as private counsel for CongressmanJohn Boehner during Boehner’s lawsuit against Congressman Jim McDermott for releasing a tape recording of a Boehner telephone conversation.[49]

Bush Administration

Cruz joined the George W. Bush presidential campaign in 1999 as a domestic policy adviser, advising then-Governor George W. Bush on a wide range of policy and legal matters, including civil justice, criminal justice, constitutional law, immigration, and government reform.[47]

Cruz assisted in assembling the Bush legal team, devise strategy, and draft pleadings for filing with the Supreme Court of Floridaand U.S. Supreme Court, the specific case being Bush v. Gore, during the 2000 Florida presidential recounts, leading to two successful decisions for the Bush team.[11][50] Cruz recruited future Chief Justice John Roberts and noted attorney Mike Carvin to the Bush legal team.[48]

After President Bush took office, Cruz served as an associate deputy attorney general in the U.S. Justice Department[7][50] and as the director of policy planning at the U.S. Federal Trade Commission.[7][21][50]

Texas Solicitor General

Appointed to the office of Solicitor General of Texas by Texas Attorney General Greg Abbott,[8][51] Cruz served in that position from 2003 to 2008.[29][11] The office had been established in 1999 to handle appeals involving the state, but Abbott hired Cruz with the idea that Cruz would take a “leadership role in the United States in articulating a vision of strict construction.” As Solicitor General, Cruz would argue before the Supreme Court nine times, winning five cases and losing four.[48]

Cruz has authored 70 United States Supreme Court briefs and presented 43 oral arguments, including nine before the United States Supreme Court.[8][21][32] Cruz’s record of having argued before the Supreme Court nine times is more than any practicing lawyer in Texas or any current member of Congress.[52] Cruz has commented on his nine cases in front of the U.S. Supreme Court: “We ended up year after year arguing some of the biggest cases in the country. There was a degree of serendipity in that, but there was also a concerted effort to seek out and lead conservative fights.”[52]

In the landmark case of District of Columbia v. Heller, Cruz drafted the amicus brief signed by attorneys general of 31 states, which said that the D.C. handgun ban should be struck down as infringing upon the Second Amendment right to keep and bear arms.[32][53] Cruz also presented oral argument for the amici states in the companion case to Heller before the United States Court of Appeals for the District of Columbia Circuit.[32][54]

In addition to his success in Heller, Cruz has successfully defended the constitutionality of the Ten Commandments monument on the Texas State Capitol grounds before the Fifth Circuit and the U.S. Supreme Court, winning 5-4 in Van Orden v. Perry.[21][32][11]

In 2004, Cruz was involved in the high-profile case, Elk Grove Unified School District v. Newdow,[21][11] in which Cruz wrote a U.S. Supreme Court brief on behalf of all 50 states.[55] The Supreme Court upheld the position of Cruz’s brief.

Cruz served as lead counsel for the state and successfully defended the multiple litigation challenges to the 2003 Texas congressional redistricting plan in state and federal district courts and before the U.S. Supreme Court, which was decided 5-4 in his favor in League of United Latin American Citizens v. Perry.[11][56]

Cruz also successfully defended, in Medellin v. Texas, the State of Texas against an attempt to re-open the cases of 51 Mexican nationals, all of whom were convicted of murder in the United States and were on death row.[8][21][32][11] With the support of the George W. Bush Administration, the petitioners argued that the United States had violated the Vienna Convention on Consular Relations by failing to notify the convicted nationals of their opportunity to receive legal aid from the Mexican consulate.[57][48] They based their case on a decision of the International Court of Justice in the Avena case which ruled that failing to allow access to the Mexican consulate, the US had breached its obligations under the Convention.[58] Texas won the case in a 6-3 decision, the Supreme Court held that ICJ decisions were not binding in domestic law and that the President had no power to enforce them.[57][48]

Cruz has been named by American Lawyer magazine as one of the 50 Best Litigators under 45 in America,[51][59] by The National Law Journal as one of the 50 Most Influential Minority Lawyers in America,[60][61] and by Texas Lawyer as one of the 25 Greatest Texas Lawyers of the Past Quarter Century.[62][63]

Private practice

After leaving the Solicitor General position in 2008, he worked in a private law firm in Houston, Morgan, Lewis & Bockius LLP, often representing corporate clients, until he was sworn in a U.S. Senator from Texas in 2013.[35][11][64] At Morgan Lewis, he led the firm’s U.S. Supreme Court and national appellate litigation practice.[64]

In 2009-2010, while working for Morgan Lewis, Cruz formed and then abandoned a bid for state attorney general when the incumbent Attorney General Greg Abbott, who hired Cruz as Solicitor General, decided to run for re-election.[20]

U.S. Senate

2012 election

Cruz speaking to the Values Voters Summit in October 2011

Cruz’s election has been described by the Washington Post as “the biggest upset of 2012 . . . a true grassroots victory against very long odds.”[65] On January 19, 2011, after U.S. Senator Kay Bailey Hutchison said she would not seek reelection, Cruz announced his candidacy via a blogger conference call.[14] In the Republican senatorial primary, Cruz ran against sitting Lieutenant Governor David Dewhurst. Cruz was endorsed first by former Alaska Governor Sarah Palin and then by the Club for Growth, a fiscally conservative political action committee;[66] Erick Erickson, editor of prominent conservative blog RedState;[67] the FreedomWorks for America super PAC;[68] nationally syndicated radio host Mark Levin;[69] former Attorney General Edwin Meese;[50] Tea Party Express;[70] Young Conservatives of Texas;[71] and U.S. Senators Tom Coburn,[72] Jim DeMint,[73] Mike Lee,[74] Rand Paul[75] and Pat Toomey.[76] He was also endorsed by former Alaska Governor Sarah Palin[77] and former Texas Congressman Ron Paul,[78] George P. Bush,[50] and former U.S. Senator from Pennsylvania Rick Santorum.[79]

Cruz won the runoff for the Republican nomination with a 14-point margin over Dewhurst.[80] In the November 6 general election, Cruz faced Democrat Paul Sadler, an attorney and a former state representative from Henderson, in east Texas. Cruz won with 4.5 million votes (56.4%) to Sadler’s 3.2 million (40.6%). Two minor candidates garnered the remaining 3% of the vote.[15] According to a poll by Cruz’s pollster Wilson Perkins Allen Opinion Research, taken six weeks after the 2012 general election, Cruz received 40% of the Hispanic vote, vs. 60% for Sandler, outperforming Republican Presidential candidate Mitt Romney with the Hispanic vote by 6 points.[81][82]

After Time magazine reported on a potential violation of ethics rules by failing to publicly disclose his financial relationship with Caribbean Equity Partners Investment Holdings during the 2012 campaign, Cruz called his failure to disclose these connections an inadvertent omission.[83]

Political positions

Cruz is pro-life, with an exception only when a pregnancy endangers the mother’s life.[84][85] Cruz opposes same-sex marriage, stating that he instead supports marriage “between one man and one woman,”[86] but believes that the legality of same-sex marriage should be left to each state to decide.[87] On February 10, 2015, Cruz re-introduced the State Marriage Defense Act.[88]

Cruz is a gun-rights supporter.[89] On March 25, 2013, an announcement was made by Cruz and U.S. Senators Rand Paul and Mike Lee threatening that they would filibuster any legislation that would entail gun control, such as the Manchin-Toomey Amendment, which would require additional background checks on sales at gun shows.[90] On April 17, 2013, Cruz voted against the Manchin-Toomey Amendment.[91] Republicans successfully filibustered the amendment by a vote of 54–46, as 60 votes were needed for cloture.[92]

Cruz has raised concerns that the National Security Agency has not done effective surveillance of potential terrorists while intruding needlessly into the lives of ordinary Americans.[93]

Cruz opposes net neutrality because he argues that the Internet economy has flourished in the United States simply because it has remained largely free from government regulation.[94] He believes regulating the Internet will stifle online innovation and create monopolies.[95] He has expressed support for stripping theFederal Communications Commission (FCC) of its power under Section 706 of the Telecommunications Act of 1996 to ensure net neutrality,[94] and opposes reclassifying internet service providers as common carriers under Title II of the Communications Act of 1934.[96]

Cruz opposes the Marketplace Fairness Act, saying that it would hurt competition by creating additional costs for internet-based businesses.[97]

He was an original co-sponsor of the Keystone XL Pipeline Act, Senate Bill 1 of the 114th Congress.[98] And on January 29, 2015, he voted for its passage.[99] It passed the Senate 62-36, the goal of the bill was to approve the construction of the transnational pipeline.[100] Cruz wants Congress to approve the exportation of U.S. natural gas to World Trade Organization countries.[101]

Cruz opposes the legalization of marijuana, but believes it should be decided at the state level.[102]

Economy

Since being elected, Cruz has spent a great deal of time speaking about what he characterizes as the misguided economic policies of the Obama Administration.[103] Chiding the GOP over its 2012 electoral losses, he stated that “Republicans are and should be the party of the 47 percent” [104] and has also noted that the words “growth and opportunity” ought to be tattooed on every Republican’s hand.[105]

In February 2014, Cruz opposed an unconditional increase in the debt limit.[106] He said that Republican politicians feared the truth and “they wanted to be able to tell what they view as their foolish, gullible constituents back home they didn’t do it.”[107]

Foreign affairs

On foreign policy, Cruz has said that he is “somewhere in between” Rand Paul‘s isolationism and John McCain‘s active interventionism.[108]

In 2004, he criticized Democratic Presidential candidate John Kerry for being “against defending American values, against standing up to our enemies, and, in effect, for appeasing totalitarian despots.” [109] Cruz helped defeat efforts to ratify the Convention on the Rights of Persons with Disabilities, arguing that the treaty infringed on US sovereignty.[48]

In 2013, Cruz stated that America had no “dog in the fight” during the Syrian civil war and stated that America’s armed forces should not serve as “al-Qaeda‘s air force”.[110] In 2014, Cruz criticized the Obama administration: “The president’s foreign policy team utterly missed the threat of ISIS, indeed, was working to arm Syrian rebels that were fighting side by side with ISIS.”, calling ISIS “the face of evil”.[111] Cruz has called for bombing ISIS, but is doubtful that the United States “can tell the good guys from the bad guys” in a plan to arm “moderate” rebels, and the plan to defeat ISIS should not be “laden with impractical contingencies, such as resolving the Syrian civil war.”[112]

In 2014, Cruz spoke at an event held by the watchdog group In Defense of Christians (IDC). Cruz was booed by the group after making statements considered pro-Israel that were viewed by some pundits as intentionally provocative. When the audience refused to stop booing, Cruz eventually left the stage.[113] The resulting controversy expanded beyond Cruz and some commentators believe has resulted in the conservative movement becoming divided between those who sided with Cruz and Israel, and those who sided with Middle Eastern Christians and argued that Cruz’s comments were out-of-bounds.[114] Republican representative Charlie Dent labeled Cruz’s actions “outrageous and incendiary”.[115] Others who criticized Cruz included Mollie Hemingway and Ross Douthat,[116] as well as Scott McConnell, who claimed the controversy was about more than just Cruz, suggesting it is already causing a schism within the conservative movement over issues relating to Israel and Middle Eastern Christians.[117] Matthew Yglesias described the controversy as a “conservative war”.[118] Cruz apologized for questioning the motives of his critics and said that all should be united in speaking out against persecution of religious minorities.[119]

Health care

Cruz is a strong critic of the Patient Protection and Affordable Care Act, which he usually refers to as “Obamacare”. He has sponsored legislation that would repeal the health care reform law and its amendments in the Health Care and Education Reconciliation Act of 2010.

After the launch of the HealthCare.gov website, Cruz stated, “Obamacare is a disaster. You have the well-publicized problems with the website. It just isn’t working.”[120] He called for Health and Human Services Secretary Kathleen Sebelius to resign.[120]

In 2014 Cruz gave majority leader Harry Reid the procedural opening he needed to allow a Senate vote to confirm Vivek Murthy, who had raised concerns about the health effects of gun ownership, to be United States Surgeon General.[121]

In the summer of 2013, Cruz started a “nationwide tour” sponsored by The Heritage Foundation to promote a congressional effort to defund the Patient Protection and Affordable Care Act, arguing that a shutdown of the government would not be a disaster for America or the Republican Party (GOP).[122][123]

On September 24, 2013, Cruz began a speech on the floor of the Senate regarding the Affordable Care Act relative to a continuing resolution designed to fund the government and avert a government shutdown.[124][125] Cruz promised to keep speaking until he was “no longer able to stand”.[126] Cruz yielded the floor at noon the following day for the start of the proceeding legislative session after twenty-one hours nineteen minutes.[127] His speech was the fourth-longest in United States Senate history.[128] Following Cruz’s speech, the Senate voted 100–0 regarding a “procedural hurdle toward passing a stopgap funding bill to avert a government shutdown”.[129] Cruz was joined by 18 Republican senators in his effort to prevent stripping out a clause that would have defunded the Affordable Care by voting against the cloture motion, leaving the effort 21 votes short of the required number to deny cloture.[130]

Cruz is believed to be a major force behind the U.S. government shutdown in 2013.[131][132] Cruz delivered a message on October 11, 2013 to fellow Republicans against accepting Obamacare and, describing it as a “train wreck”, claimed the American people remain “energized” around the goal of gutting the law.[133] Cruz stated Obamacare is causing “enormous harm” to the economy.[133] Republican strategist Mike Murphy stated: “Cruz is trying to start a wave of Salem witch trials in the G.O.P. on the shutdown and Obamacare, and that fear is impacting some people’s calculations on 2016.”[132] Cruz said that he “didn’t threaten to shut down the government” and blamed the shutdown on President Barack Obama and Senate Majority Leader Harry M. Reid.[134]

The Houston Chronicle which had endorsed Cruz in the general election, regretted that he had not lived up to the standard set by the previous U.S. Senator from Texas, Kay Bailey Hutchison.[135][136] After a deal was made to end the shutdown and to extend the debt-ceiling deadline, Senate Republican leader Mitch McConnell called Cruz’s actions “not a smart play” and a “tactical error”,[137] and Cruz stated: “I would do anything, and I will continue to do anything I can, to stop the train wreck that is Obamacare. The test that matters. . . is are we doing anything for all the people that are getting hurt from Obamacare?”[138]

Legislation

Cruz has sponsored 25 bills of his own, including:[139]

  • S.177, a bill to repeal the Patient Protection and Affordable Care Act and the health-care related provisions of the Health Care and Education Reconciliation Act of 2010, introduced January 29, 2013
  • S.505, a bill to prohibit the use of drones to kill citizens of the United States within the United States, introduced March 7, 2013
  • S.729 and S. 730, bills to investigate and prosecute felons and fugitives who illegally purchase firearms, and to prevent criminals from obtaining firearms through straw purchases and trafficking, introduced March 15, 2013
  • S.1336, a bill to permit States to require proof of citizenship for registering to vote in federal elections, introduced July 17, 2013
  • S.2170, a bill to increase coal, natural gas, and crude oil exports, to approve the construction of the Keystone XL Pipeline, to expand oil drilling offshore, onshore, in the National Petroleum Reserve–Alaska, and in Indian reservations, to give states the sole power of regulating hydraulic fracturing, to repeal theRenewable Fuel Standard, to prohibit the Environmental Protection Agency (EPA) from regulating greenhouse gases, to require the EPA to assess how new regulations will affect employment, and to earmark natural resource revenue to paying off the federal government’s debt, introduced March 27, 2014
  • S.2415, a bill to amend the Federal Election Campaign Act of 1971 to eliminate all limits on direct campaign contributions to candidates for public office, introduced June 3, 2014

Senate bill 2195

On April 1, 2014, Cruz introduced Senate bill 2195, a bill that would allow the President of the United States to deny visas to any ambassador to the United Nationswho has been found to have been engaged in espionage activities or a terrorist activity against the United States or its allies and may pose a threat to U.S. national security interests.[140] The bill was written in response to Iran‘s choice of Hamid Aboutalebi as their ambassador.[141] Aboutalebi was involved in the Iran hostage crisis, in which of a number of American diplomats from the US embassy in Tehran were held captive in 1979.[141][142][143]

Under the headline “A bipartisan message to Iran”, Cruz thanked President Barack Obama for signing his bill S 2195 into law. The letter published in the magazinePolitico on April 18, 2014 starts with “Thanks to President Obama for joining a unanimous Congress and signing S 2195 into law”. Cruz also thanked senators from both political parties for “swiftly passing this legislation and sending it to the White House.”[144][145][146]

Committee assignments

Presidential campaign

Senator Cruz speaking at the 2014 Conservative Political Action Conference (CPAC) in National Harbor, Maryland.

Commentators have expressed their opinion that Cruz will run for President in 2016.[147][148][149] On March 14, 2013, Cruz gave the keynote speech at the 2013 Conservative Political Action Conference in Washington DC.[150] He came in tied for 7th place in the 2013 CPAC straw poll on March 16, winning 4% of the votes cast.[151] In October 2013, Cruz won the Values Voter Summit Presidential straw poll with 42% of the vote.[152] Cruz came in first place in the two most recent Presidential straw polls conducted in 2014 with 30.33% of the vote at the Republican Leadership Conference[153] and 43% of the vote at the Republican Party of Texas state convention.[154]

Cruz did speaking events in the summer of 2013 across Iowa, New Hampshire and South Carolina, early primary states, leading to speculation that he was laying the groundwork for a run for President in 2016.[155] Legal analyst Jeffrey Toobindescribes Cruz as the first potential Presidential candidate to emphasize originalism as a major national issue.[48]

Since Cruz was born in Canada, commentators for the Austin American-Statesman[156] and the Los Angeles Times,[157] have speculated about Cruz’s legal status as a natural-born citizen. Because he was a U.S. citizen at birth (his mother was a U.S. citizen who lived in the U.S. for more than 10 years as required by the Nationality Act of 1940), most commentators believe Cruz is eligible to serve as President of the United States.[19][158][159][160]

On April 12, 2014, Cruz spoke at the Freedom Summit, an event organized by Americans for Prosperity, and Citizens United.[161] The event was attended by several potential presidential candidates.[162] In his speech, Cruz mentioned that Latinos, young people and single mothers, are the people most affected by the recession, and that the Republican Party should make outreach efforts to these constituents. He also said that the words “growth and opportunity” should be tattooed on the hands of every Republican politician.[161]

On March 23, 2015, Cruz announced on his Twitter page “I’m running for President and I hope to earn your support!”.[163] He is the first announced major Republican presidential candidate for the 2016 campaign.[164][165]

Awards

Senator Cruz speaking at the 2015Conservative Political Action Conference (CPAC) in National Harbor, Maryland.

Rick Manning of Americans for Limited Government in The Hill, on December 27, 2013, named Cruz “2013 Person of the Year.”[166] Manning stated that “of course, Cruz made his biggest mark when he and fellow freshman Sen. Mike Lee (R-Utah) led a last-ditch national grassroots effort to defund ObamaCare before the law went into effect fully. Imagine how many Senate Democrats wish right now that they had heeded Cruz’s entreaties and agreed to delaying or defunding it for one year. Now, they are stuck with the law and all its consequences.”[166]

Cruz was also named “2013 Man of the Year” by TheBlaze,[167] FrontPage Magazine[168] and The American Spectator,[169]“2013 Conservative of the Year” by Townhall.com,[170] “2013 Statesman of the Year” by the Republican Party of Sarasota County, Florida[171][172] and was a finalist in both “2013 Texan of the Year” by The Dallas Morning News[173] and a “2013 Person of the Year” finalist by Time.[174]

Personal life

Cruz and his wife, Heidi Cruz (née Nelson), have two daughters. Cruz met his wife while working on the George W. Bush presidential campaign of 2000. Cruz’s wife is currently head of the Southwest Region in the Investment Management Division of Goldman, Sachs & Co. and previously worked in the White House forCondoleezza Rice and in New York as an investment banker.[175]

When he was a child, Cruz’s mother told him that she would have to make an affirmative act to claim Canadian citizenship for him, so his family assumed that he did not hold Canadian citizenship.[176] In August 2013, after the Dallas Morning News pointed out that Cruz had dual Canadian-American citizenship,[160] he applied to formally renounce his Canadian citizenship and ceased being a citizen of Canada, on May 14, 2014.[176][177]

Electoral history

2012 Republican primary
Republican primary results, May 29, 2012[15]
Party Candidate Votes %
Republican David Dewhurst 624,170 44.6
Republican Ted Cruz 479,079 34.2
Republican Tom Leppert 186,675 13.3
Republican Craig James 50,211 3.6
Republican Glenn Addison 22,888 1.6
Republican Lela Pittenger 18,028 1.3
Republican Ben Gambini 7,193 0.5
Republican Curt Cleaver 6,649 0.5
Republican Joe Argis 4,558 0.3
Total votes 1,399,451 100
2012 Republican primary runoff
Republican runoff results, July 31, 2012[15]
Party Candidate Votes %
Republican Ted Cruz 631,316 56.8
Republican David Dewhurst 480,165 43.2
Total votes 1,111,481 100
2012 General Election
General Election, November 6, 2012[15]
Party Candidate Votes %
Republican Ted Cruz 4,469,843 56.45
Democratic Paul Sadler 3,194,927 40.62
Libertarian John Jay Myers 162,354 2.06
Green David Collins 67,404 0.85
Total votes 7,864,822 100

See also

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

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Pronk Pops Show 381: December 3, 2014

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Story 1: Fed Desperate To Rise Above the Near Zero Fed Funds Rate Target Range — Need Three Months Of 300,000 Plus Per Month Job Creation, Wage Growth and 3% First Quarter 2015 Real Gross Domestic Product Growth Numbers To Jump to .5 – 1.0% Range Fed Funds Rate Target — June 2015 Launch Date Expected —  Fly Me To The Moon — Summertime — Launch — Abort On Recession — Videos

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moon earthstarsApollo_17_The_Last_Moon_Shot_Edit1launch_abort_buttons

Amazing seven year old sings Fly Me To The Moon (Angelina Jordan) on Senkveld “The Late Show”

Forrest Gump JFK “I Gotta Pee” Scene

Fed Decision: The Three Most Important Things Janet Yellen Said

Press Conference with Chair of the FOMC, Janet L. Yellen

Monetary Policy Based on the Taylor Rule

Many economists believe that rules-based monetary policy provides better economic outcomes than a purely discretionary framework delivers. But there is disagreement about the advantages of rules-based policy and even disagreement about which rule works. One possible policy rule would be for the central bank to follow a Taylor Rule, named after our featured speaker, John B. Taylor. What would some of the advantages of a Taylor Rule be versus, for instance, a money growth rule, or a rule which only specifies the inflation target? How could a policy rule be implemented? Should policy rule legislation be considered? Join us as Professor Taylor addresses these important policy questions.

Murray N. Rothbard on Milton Friedman pre1971

On Milton Friedman | by Murray N. Rothbard

Who Was the Better Monetary Economist? Rothbard and Friedman Compared | Joseph T. Salerno

Joseph Salerno “Unmasking the Federal Reserve”

Rothbard on Alan Greenspan

Milton Friedman – Money and Inflation

Milton Friedman – Abolish The Fed

Milton Friedman On John Maynard Keynes

Hayek on Keynes’s Ignorance of Economics

Friedrich Hayek explains to Leo Rosten that while brilliant Keynes had a parochial understanding of economics.

On John Maynard Keynes | by Murray N. Rothbard

Hayek on Milton Friedman and Monetary Policy

Friedrich Hayek: Why Intellectuals Drift Towards Socialism

Capitalism, Socialism, and the Jews

The Normal State of Man: Misery & Tyranny

Peter Schiff Interviews Keynesian Economist Laurence Kotlikoff 01-18-12

Larry Kotlikoff on the Clash of Generations

Extended interview with Boston University Economics Professor Larry Kotlikoff on his publications about a six-decade long Ponzi scheme in the US which he says will lead to a clash of generations.

Kotlikoff also touches on what his projections mean for the New Zealand economy and why Prime Minister John Key should take more attention of New Zealand’s ‘fiscal gap’ – the gap between all future government spending commitments and its future revenue track.

Thomas Sowell on Intellectuals and Society

Angelina Jordan – summertime

Angelina Jordan synger Sinatra i semifinalen i Norske Talenter 2014

Release Date: March 18, 2015

For immediate release

Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. A range of labor market indicators suggests that underutilization of labor resources continues to diminish. Household spending is rising moderately; declines in energy prices have boosted household purchasing power. Business fixed investment is advancing, while the recovery in the housing sector remains slow and export growth has weakened. Inflation has declined further below the Committee’s longer-run objective, largely reflecting declines in energy prices. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels the Committee judges consistent with its dual mandate. The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced. Inflation is anticipated to remain near its recent low level in the near term, but the Committee expects inflation to rise gradually toward 2 percent over the medium term as the labor market improves further and the transitory effects of energy price declines and other factors dissipate. The Committee continues to monitor inflation developments closely.

To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress–both realized and expected–toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. Consistent with its previous statement, the Committee judges that an increase in the target range for the federal funds rate remains unlikely at the April FOMC meeting. The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term. This change in the forward guidance does not indicate that the Committee has decided on the timing of the initial increase in the target range.

The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee’s holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.

When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.

Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley Fischer; Jeffrey M. Lacker; Dennis P. Lockhart; Jerome H. Powell; Daniel K. Tarullo; and John C. Williams.

http://www.federalreserve.gov/newsevents/press/monetary/20150318a.htm

Advance release of table 1 of the Summary of Economic Projections to be released with the FOMC minutes

Percent

Variable Central tendency1 Range2
2015 2016 2017 Longer run 2015 2016 2017 Longer run
Change in real GDP 2.3 to 2.7 2.3 to 2.7 2.0 to 2.4 2.0 to 2.3 2.1 to 3.1 2.2 to 3.0 1.8 to 2.5 1.8 to 2.5
December projection 2.6 to 3.0 2.5 to 3.0 2.3 to 2.5 2.0 to 2.3 2.1 to 3.2 2.1 to 3.0 2.0 to 2.7 1.8 to 2.7
Unemployment rate 5.0 to 5.2 4.9 to 5.1 4.8 to 5.1 5.0 to 5.2 4.8 to 5.3 4.5 to 5.2 4.8 to 5.5 4.9 to 5.8
December projection 5.2 to 5.3 5.0 to 5.2 4.9 to 5.3 5.2 to 5.5 5.0 to 5.5 4.9 to 5.4 4.7 to 5.7 5.0 to 5.8
PCE inflation 0.6 to 0.8 1.7 to 1.9 1.9 to 2.0 2.0 0.6 to 1.5 1.6 to 2.4 1.7 to 2.2 2.0
December projection 1.0 to 1.6 1.7 to 2.0 1.8 to 2.0 2.0 1.0 to 2.2 1.6 to 2.1 1.8 to 2.2 2.0
Core PCE inflation3 1.3 to 1.4 1.5 to 1.9 1.8 to 2.0 1.2 to 1.6 1.5 to 2.4 1.7 to 2.2
December projection 1.5 to 1.8 1.7 to 2.0 1.8 to 2.0 1.5 to 2.2 1.6 to 2.1 1.8 to 2.2

Note: Projections of change in real gross domestic product (GDP) and projections for both measures of inflation are percent changes from the fourth quarter of the previous year to the fourth quarter of the year indicated. PCE inflation and core PCE inflation are the percentage rates of change in, respectively, the price index for personal consumption expenditures (PCE) and the price index for PCE excluding food and energy. Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of the year indicated. Each participant’s projections are based on his or her assessment of appropriate monetary policy. Longer-run projections represent each participant’s assessment of the rate to which each variable would be expected to converge under appropriate monetary policy and in the absence of further shocks to the economy. The December projections were made in conjunction with the meeting of the Federal Open Market Committee on December 16-17, 2014.

1. The central tendency excludes the three highest and three lowest projections for each variable in each year.  Return to table

2. The range for a variable in a given year includes all participants’ projections, from lowest to highest, for that variable in that year.  Return to table

3. Longer-run projections for core PCE inflation are not collected.  Return to table

Figure 1. Central tendencies and ranges of economic projections, 2015-17 and over the longer run

Central tendencies and ranges of economic projections for years 2015 through 2017 and over the longer run. Actual values for years 2010 through 2014.

Change in real GDP
Percent

2010 2011 2012 2013 2014 2015 2016 2017 Longer Run
Actual 2.7 1.7 1.6 3.1 2.4
Upper End of Range 3.1 3.0 2.5 2.5
Upper End of Central Tendency 2.7 2.7 2.4 2.3
Lower End of Central Tendency 2.3 2.3 2.0 2.0
Lower End of Range 2.1 2.2 1.8 1.8

Unemployment rate
Percent

2010 2011 2012 2013 2014 2015 2016 2017 Longer Run
Actual 9.5 8.7 7.8 7.0 5.7
Upper End of Range 5.3 5.2 5.5 5.8
Upper End of Central Tendency 5.2 5.1 5.1 5.2
Lower End of Central Tendency 5.0 4.9 4.8 5.0
Lower End of Range 4.8 4.5 4.8 4.9

PCE inflation
Percent

2010 2011 2012 2013 2014 2015 2016 2017 Longer Run
Actual 1.3 2.7 1.6 1.0 1.1
Upper End of Range 1.5 2.4 2.2 2.0
Upper End of Central Tendency 0.8 1.9 2.0 2.0
Lower End of Central Tendency 0.6 1.7 1.9 2.0
Lower End of Range 0.6 1.6 1.7 2.0

Note: Definitions of variables are in the general note to the projections table. The data for the actual values of the variables are annual.

Figure 2. Overview of FOMC participants’ assessments of appropriate monetary policy

Appropriate timing of policy firming

2015 2016
Number of participants 15 2

Note: In the upper panel, the height of each bar denotes the number of FOMC participants who judge that, under appropriate monetary policy, the first increase in the target range for the federal funds rate from its current range of 0 to 1/4 percent will occur in the specified calendar year. In December 2014, the numbers of FOMC participants who judged that the first increase in the target federal funds rate would occur in 2015, and 2016 were, respectively, 15, and 2.

Appropriate pace of policy firming: Midpoint of target range or target level for the federal funds rate
Number of participants with projected midpoint of target range or target level

Midpoint of target range
or target level (Percent)
2015 2016 2017 Longer Run
0.125 2
0.250
0.375 1 1
0.500
0.625 7
0.750
0.875 3
1.000
1.125 1 1
1.250
1.375 2
1.500
1.625 1 6
1.750
1.875 3
2.000 1
2.125 1
2.250 1
2.375
2.500
2.625 1 3
2.750
2.875 2
3.000 1
3.125 4
3.250
3.375 2 1
3.500 7
3.625 2
3.750 1 2 6
3.875 1
4.000 1 2
4.125
4.250 1

Note: In the lower panel, each shaded circle indicates the value (rounded to the nearest 1/8 percentage point) of an individual participant’s judgment of the midpoint of the appropriate target range for the federal funds rate or the appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer run.

http://www.federalreserve.gov/monetarypolicy/fomcprojtabl20150318.htm

Janet Yellen Isn’t Going to Raise Interest Rates Until She’s Good and Ready

The key words in Janet L. Yellen’s news conference Wednesday were rather pithy, at least by central bank standards. “Just because we removed the word ‘patient’ from the statement doesn’t mean we are going to be impatient,” Ms. Yellen, the Federal Reserve chairwoman, said.

With this framing, Ms. Yellen was putting her firm stamp on the policy of an institution she has led for just over a year — and making clear that she will not be boxed in. Her words and accompanying announcements conveyed the message that the Yellen Fed has no intention of taking the support struts of low interest rates away until she is absolutely confident that economic growth will hold up without them.

Photo

Janet Yellen held a news conference after a meeting of the Federal Open Market Committee in Washington on Wednesday. CreditChip Somodevilla/Getty Images

Ms. Yellen’s comments about patience versus impatience were part of that dance. But the dual message was even more powerful when combined with other elements of the central bank’s newly released information, which sent the signal that members of the committee intend to move cautiously on rate increases.

By eliminating the reference to “patience,” Paul Edelstein, an economist at IHS Global Insight, said in a research note, “The Fed did what it was expected to do.”

“But beyond that,” he added, “the committee appeared much more dovish and in not much of a hurry to actually pull the trigger.”

Fed officials’ forecasts of how high rates will be at year’s end for 2015, 2016 and 2017 all fell compared to where they were in December. They marked down their forecast for economic growth and inflation for all three years, implying that the nation’s economic challenge is tougher and inflation risks more distant than they had seemed a few months ago.

Particularly interesting was that Fed officials lowered their estimate of the longer-run unemployment rate, to 5 to 5.2 percent, from 5.2 to 5.5 percent. With joblessness hitting 5.5 percent in February, that implied that policy makers are convinced the job market has more room to tighten before it becomes too tight. Fed leaders now forecast unemployment rates in 2016 and 2017 that are a bit below what many view as the long-term sustainable level, which one would expect to translate into rising wages.

In other words, they want to run the economy a little hot for the next couple of years to help spur the kinds of wage gains that might return inflation to the 2 percent level they aim for, but which they have persistently undershot in recent years.

Apart from the details of the dovish monetary policy signals Ms. Yellen and her colleagues sent, it is clear she wanted to jolt markets out of any feeling that policy is on a preordained path.

At times over the last couple of years, the Fed had seemed to set a policy course and then go on a forced march until it got there, regardless of whether the jobs numbers were good or bad, or whether inflation was rising or falling. That is certainly how it felt when the Fed decided in December 2013 to wind down its quantitative easing policies by $10 billion per meeting, which it did through the first nine months of 2014 with few signs of re-evaluation as conditions evolved.

In her first news conference as chairwoman a year ago, Ms. Yellen had suggested that rate increases might be on a similar preordained path by saying that she could imagine rate increases “around six months” after the conclusion of quantitative easing. (That comment increasingly looks to have been a rookie mistake, and she later backed away from it.)

There are likely to be plenty of twists and turns in the coming months. After this week’s meeting, Ms. Yellen reinforced the message she has been trying to convey that the committee really will adapt its policy to incoming information rather than simply carry on with the path it set a year ago.

If the strengthening dollar and falling oil prices start to translate into still-lower expectations for future inflation, the Fed will hold off from rate rises — and the same if wage gains and other job market indicators show a lack of progress.

Conversely, if the job market recovery keeps going gangbusters and it becomes clear that inflation is going to rise back toward 2 percent, Ms. Yellen does not want to be constrained by language about “patience.”

“This change does not necessarily mean that an increase will occur in June,” Ms. Yellen said, “though we cannot rule that out.”

She has now bought herself some latitude to decide when and how the Fed ushers in an era of tighter money. Now the question is just how patient or impatient American economic conditions will allow her to be.

http://www.nytimes.com/2015/03/19/upshot/janet-yellen-isnt-going-to-raise-interest-rates-until-shes-good-and-ready.html?_r=0&abt=0002&abg=1

Taylor rule

From Wikipedia, the free encyclopedia

John B. Taylor

Not to be confused with Taylor Law or Taylor’s law.

In economics, a Taylor rule is a monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response to changes in inflation, output, or other economic conditions. In particular, the rule stipulates that for each one-percent increase in inflation, the central bank should raise the nominal interest rate by more than one percentage point. This aspect of the rule is often called the Taylor principle.

The rule of was first proposed by John B. Taylor,[1] and simultaneously by Dale W. Henderson and Warwick McKibbin in 1993.[2] It is intended to foster price stability and full employment by systematically reducing uncertainty and increasing the credibility of future actions by the central bank. It may also avoid the inefficiencies of time inconsistency from the exercise ofdiscretionary policy.[3][4] The Taylor rule synthesized, and provided a compromise between, competing schools of economics thought in a language devoid of rhetorical passion.[5] Although many issues remain unresolved and views still differ about how the Taylor rule can best be applied in practice, research shows that the rule has advanced the practice of central banking.[6]

As an equation

According to Taylor’s original version of the rule, the nominal interest rate should respond to divergences of actual inflation rates from target inflation rates and of actual Gross Domestic Product (GDP) from potential GDP:

i_t = \pi_t + r_t^* + a_\pi  ( \pi_t - \pi_t^* )  + a_y ( y_t - \bar y_t ).

In this equation, \,i_t\, is the target short-term nominal interest rate (e.g. the federal funds rate in the US, the Bank of England base rate in the UK), \,\pi_t\, is the rate ofinflation as measured by the GDP deflator, \pi^*_t is the desired rate of inflation, r_t^* is the assumed equilibrium real interest rate, \,y_t\, is the logarithm of real GDP, and \bar y_tis the logarithm of potential output, as determined by a linear trend.

In this equation, both a_{\pi} and a_y should be positive (as a rough rule of thumb, Taylor’s 1993 paper proposed setting a_{\pi}=a_y=0.5).[7] That is, the rule “recommends” a relatively high interest rate (a “tight” monetary policy) when inflation is above its target or when output is above its full-employment level, in order to reduce inflationary pressure. It recommends a relatively low interest rate (“easy” monetary policy) in the opposite situation, to stimulate output. Sometimes monetary policy goals may conflict, as in the case of stagflation, when inflation is above its target while output is below full employment. In such a situation, a Taylor rule specifies the relative weights given to reducing inflation versus increasing output.

The Taylor principle

By specifying a_{\pi}>0, the Taylor rule says that an increase in inflation by one percentage point should prompt the central bank to raise the nominal interest rate by more than one percentage point (specifically, by 1+a_{\pi}, the sum of the two coefficients on \pi_t in the equation above). Since the real interest rate is (approximately) the nominal interest rate minus inflation, stipulating a_{\pi}>0 implies that when inflation rises, the real interest rate should be increased. The idea that the real interest rate should be raised to cool the economy when inflation increases (requiring the nominal interest rate to increase more than inflation does) has sometimes been called the Taylor principle.[8]

During an EconTalk podcast Taylor explained the rule in simple terms using three variables: inflation rate, GDP growth, and the interest rate. If inflation were to rise by 1%, the proper response would be to raise the interest rate by 1.5% (Taylor explains that it doesn’t always need to be exactly 1.5%, but being larger than 1% is essential). If GDP falls by 1% relative to its growth path, then the proper response is to cut the interest rate by .5%.[9]

Alternative versions of the rule

While the Taylor principle has proved very influential, there is more debate about the other terms that should enter into the rule. According to some simple New Keynesian macroeconomic models, insofar as the central bank keeps inflation stable, the degree of fluctuation in output will be optimized (Blanchard and Gali call this property the ‘divine coincidence‘). In this case, the central bank need not take fluctuations in the output gap into account when setting interest rates (that is, it may optimally set a_y=0.) On the other hand, other economists have proposed including additional terms in the Taylor rule to take into account money gap[10] or financial conditions: for example, the interest rate might be raised when stock prices, housing prices, or interest rate spreads increase.

Empirical relevance

Although the Federal Reserve does not explicitly follow the Taylor rule, many analysts have argued that the rule provides a fairly accurate summary of US monetary policy under Paul Volcker and Alan Greenspan.[11][12] Similar observations have been made about central banks in other developed economies, both in countries like Canada and New Zealand that have officially adopted inflation targeting rules, and in others like Germany where the Bundesbank‘s policy did not officially target the inflation rate.[13][14] This observation has been cited by Clarida, Galí, and Gertler as a reason why inflation had remained under control and the economy had been relatively stable (the so-called ‘Great Moderation‘) in most developed countries from the 1980s through the 2000s.[11] However, according to Taylor, the rule was not followed in part of the 2000s, possibly leading to the housing bubble.[15][16] Certain research has determined that some households form their expectations about the future path of interest rates, inflation, and unemployment in a way that is consistent with Taylor-type rules.[17]

Criticisms

Athanasios Orphanides (2003) claims that the Taylor rule can misguide policy makers since they face real-time data. He shows that the Taylor rule matches the US funds rate less perfectly when accounting for these informational limitations and that an activist policy following the Taylor rule would have resulted in an inferior macroeconomic performance during the Great Inflation of the seventies.[18]

See also

References

  1. Jump up^ Taylor, John B. (1993). “Discretion versus Policy Rules in Practice”. Carnegie-Rochester Conference Series on Public Policy 39: 195–214. (The rule is introduced on page 202.)
  2. Jump up^ Henderson, D. W.; McKibbin, W. (1993). “A Comparison of Some Basic Monetary Policy Regimes for Open Economies: Implications of Different Degrees of Instrument Adjustment and Wage Persistence”. Carnegie-Rochester Conference Series on Public Policy 39: 221–318. doi:10.1016/0167-2231(93)90011-K.
  3. Jump up^ Athanasios Orphanides (2008). “Taylor rules,” The New Palgrave Dictionary of Economics, 2nd Edition. v. 8, pp. 2000-2004.Abstract.
  4. Jump up^ Paul Klein (2009). “time consistency of monetary and fiscal policy,” The New Palgrave Dictionary of Economics. 2nd Edition. Abstract.
  5. Jump up^ Kahn, George A.; Asso, Pier Francesco; Leeson, Robert (2007). “The Taylor Rule and the Transformation of Monetary Policy”. Federal Reserve Bank of Kansas City Working Paper 07-11. SSRN 1088466.
  6. Jump up^ Asso, Pier Francesco; Kahn, George A.; Leeson, Robert (2010). “The Taylor Rule and the Practice of Central Banking”. Federal Reserve Bank of Kansas City Working Paper 10-05. SSRN 1553978.
  7. Jump up^ Athanasios Orphanides (2008). “Taylor rules,” The New Palgrave Dictionary of Economics, 2nd Edition. v. 8, pp. 2000-2004, equation (7).Abstract.
  8. Jump up^ Davig, Troy; Leeper, Eric M. (2007). “Generalizing the Taylor Principle”. American Economic Review 97 (3): 607–635. doi:10.1257/aer.97.3.607.JSTOR 30035014.
  9. Jump up^ Econtalk podcast, Aug. 18, 2008, interview conducted by Russell Roberts, sponsored by the Library of Economics and Liberty.
  10. Jump up^ Benchimol, Jonathan; Fourçans, André (2012). “Money and risk in a DSGE framework : A Bayesian application to the Eurozone”. Journal of Macroeconomics34 (1): 95–111, Abstract.
  11. ^ Jump up to:a b Clarida, Richard; Galí, Jordi; Gertler, Mark (2000). “Monetary Policy Rules and Macroeconomic Stability: Theory and Some Evidence”. Quarterly Journal of Economics 115 (1): 147–180. doi:10.1162/003355300554692.JSTOR 2586937.
  12. Jump up^ Lowenstein, Roger (2008-01-20). “The Education of Ben Bernanke”. The New York Times.
  13. Jump up^ Bernanke, Ben; Mihov, Ilian (1997). “What Does the Bundesbank Target?”.European Economic Review 41 (6): 1025–1053. doi:10.1016/S0014-2921(96)00056-6.
  14. Jump up^ Clarida, Richard; Gertler, Mark; Galí, Jordi (1998). “Monetary Policy Rules in Practice: Some International Evidence”. European Economic Review 42 (6): 1033–1067. doi:10.1016/S0014-2921(98)00016-6.
  15. Jump up^ Taylor, John B. (2008). “The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong”.
  16. Jump up^ Taylor, John B. (2009). Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis. Hoover Institution Press. ISBN 0-8179-4971-2.
  17. Jump up^ Carvalho, Carlos; Nechio, Fernanda (2013). “Do People Understand Monetary Policy?”. Federal Reserve Bank of San Francisco Working Paper 2012-01.SSRN 1984321.
  18. Jump up^ Orphanides, A. (2003). “The Quest for Prosperity without Inflation”. Journal of Monetary Economics 50 (3): 633–663. doi:10.1016/S0304-3932(03)00028-X.

External links

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

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Leader Netanyahu Wins — Narcissist Obama Loses — How Sweet It Is — Videos

Posted on March 22, 2015. Filed under: American History, Ammunition, Articles, Blogroll, Bomb, British History, Business, Central Intelligence Agency (CIA), Climate, College, Constitution, Corruption, Crime, Crisis, Culture, Dirty Bomb, Documentary, Drones, Economics, Education, Employment, Energy, European History, Faith, Family, Federal Bureau of Investigation (FBI), Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, Genocide, government, government spending, history, Inflation, Investments, Islam, Islam, Language, Law, liberty, Life, Links, Literacy, media, Missiles, Money, National Security Agency (NSA_, Natural Gas, Natural Gas, Nuclear, Nuclear Power, Oil, Oil, People, Philosophy, Photos, Pistols, Politics, Press, Radio, Radio, Raves, Religion, Resources, Rifles, Security, Shite, Space, Strategy, Sunni, Talk Radio, Tax Policy, Technology, Terrorism, Video, War, Water, Wealth, Weapons, Weapons of Mass Destruction, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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 Story 1: Leader  Netanyahu Wins — Narcissist Obama Loses — How Sweet It Is — Videos

Jackie Gleason Obituary ABC News

White House Interfering with Israel’s Election!

Interfering With Israel – Bibi Wins Amid Reports White House Tried Ousting Him – Fox & Friends

Bibi Is Back – PM Netanyahu Wins 3rd Straight Term In Israel – Fox & Friends

IBI WINS – BARACK LOSES – ELECTION SPECIAL

In an amazing come-from-behind moment, Prime Minister Benjamin Netanyahu’s Likud Party was victorious in a “landslide” and thus ensuring Netanyahu remains Prime Minister. This victory goes against most of the pollsters, pundits and Obama operatives efforts to defeat Bibi.

Obama vs Netanyahu “Negotiating with Mullahs”

Ezekiel 38 : Saudi Arabia will allow Israel use of its airspace to strike Iran (Feb 28, 2015)

The Beast : Obama influences Israeli Elections to oust PM Netanyahu from Office (Mar 15, 2015)

Obama Machine Strategist Funding Anti-Netanyahu Group to Topple Current Israeli Government.

RWW News: Savage: Obama A ‘Monster,’ Sent ‘Jew-Haters’ To Oust Netanyahu

The Kelly File / RPT: Ex-Obama Strategist Working to Replace Israeli Gov’t

Obama Meddling In Israeli Elections

Jeremy Bird ’00

A new kind of politics: Jeremy Bird at TEDxUChicago 2014

Jeremy Bird is a founding partner at 270 Strategies and a longtime grassroots organizer with broad experience across domestic and international politics, labor, and policy.

He helped launch 270 Strategies after serving most recently as the National Field Director for the 2012 re-election campaign of President Barack Obama, where he had primary responsibility for building a nationwide army of staff and volunteer organizers.

Dubbed the campaign’s “Field General” by Rolling Stone magazine, Jeremy was listed among “The Obama Campaign’s Real Heroes” and has been cited as “a former Harvard divinity student who took to political organizing as though it were his higher calling.”

He is credited with helping establish a ground game and turnout machine that in 2012 “reproduced — through brute force, dedication and will — a turnout in the swing states that in some cases bested the campaign’s remarkable performance of four years ago.”

Jeremy is a graduate of Wabash College and Harvard Divinity School. He grew up in a trailer park in High Ridge, Missouri and is passionate about grassroots politics, traveling the world, and talking about sports — especially his hometown St. Louis Cardinals and his newfound love of soccer.

The Beast : Obama outraged over PM Netanyahu invitation to speak before Congress (Jan 23, 2015)

Sarkozy on Obama Netanyahu is a liar and can not stand

Netanyahu to Obama – “You are the Great Satan and we are the little Satan”

O’Reilly Body Language Expert: Obama Has Centempt In His Eyes For Netanyahu

Trey Gowdy Demands Answers On Benghazi

For The Record-Zero Footprint

Former CIA Spy: Benghazi Was CIA Operation

Obama LIED About Benghazi Attack!!! (Lt. Col. Tony Shaffer Interview)

Retired Lt. Gen. Jerry Boykin suspects US Was Running Guns To Syrian Rebels Via Benghazi

2012.10.22 – TheBlazeTV – The Glenn Beck Program – Libya–The Real Story

GLEN BECK…… OBAMA MAY GO TO PRISON AND BE IMPEACHED KILLING OUR OWN !

Danny Ayalon: ‘Red Line’ Crossed If Obama Interfered in Israel Election

By Bill Hoffmann

If rumors that the Obama administration has helped efforts in Israel to oust Prime Minister Benjamin Netanyahu are real, the U.S. has crossed “a red line,” says Danny Ayalon, former Israeli ambassador to the U.S.

Jeremy Bird, a top operative in President Obama’s 2008 and ’12 campaigns, has been mobilizing a get-out-the-vote effort for Netanyahu opponent Isaac “Bougie” Herzog, leading to speculation that the White House is linked to it.

“If this is true, this is really crossing a red line because a democracy does not interfere with other democracies’ democratic process,” Ayalon said Monday on “The Steve Malzberg Show” on Newsmax TV.

http://www.newsmax.com/Newsmax-Tv/Danny-Ayalon-Israel-election-Obama-interference/2015/03/16/id/630413/

Israeli elections take dramatic turn as official tally gives Likud sweeping victory

a dramatic turn in the early morning hours on Wednesday as official tallies from nearly all precincts indicate that Likud has opened up a significant lead over Zionist Union, a far cry from the virtual dead heat that television exit polls had reported Tuesday evening.

With 99 percent of precincts reporting before dawn on Wednesday, the Likud has emerged as the clear, undisputed victor in the elections.

According to the official up-to-the-minute tally, Likud wins 30 seats while Zionist Union comes in second at 24 seats.

The parties that follow are Joint Arab List (14); Yesh Atid (11); Kulanu (10); Bayit Yehudi (8); Shas (7); United Torah Judaism (6); Yisrael Beytenu (6); and Meretz (4).

Eli Yishai’s far-right Yahad party has thus far failed to make the cut, though it has hovered near the minimum threshold throughout. These results are not final since 10 percent of precincts still need to report their results.

The first exit polls were released Tuesday at 10 p.m. as voting closed in elections for the 20th Knesset, suggesting a surprisingly good showing for Prime Minister Benjamin Netanyahu’s Likud party versus Isaac Herzog’s Zionist Union. While Likud had trailed by as many as five mandates in pre-election polls, Netanyahu’s party led the Zionist Union in one exit poll and was tied with Herzog’s party in the two others.

Channel 2’s poll had the Likud with 28  mandates, Zionist Union with 27 mandates, the Joint Arab List with 13 mandates, Yesh Atid with 11 mandates, Kulanu with 10 mandates, Bayit Yehudi with 8 mandates, Shas with 7 mandates, United Torah Judaism with 6 mandates, Meretz with 5 mandates, Yisrael Beytenu with 5 mandates and Yahad failing to pass the electoral threshold.

http://www.jpost.com/Israel-Elections/Israeli-elections-take-dramatic-turn-as-Likud-opens-up-six-seat-lead-over-Zionist-Union-394271

Netanyahu surges to victory in Israeli vote

By ARON HELLER

Prime Minister Benjamin Netanyahu’s right-wing Likud Party scored a resounding victory in Israel’s election, final results showed Wednesday, a stunning turnaround after a tight race that had put his lengthy rule in jeopardy.

Netanyahu surged ahead after a last-minute lurch to the right in which he opposed Palestinian statehood and vowed continued settlement construction, setting the stage for fresh confrontations with the White House just weeks after criticizing U.S. talks with Iran in a divisive address to Congress.

With nearly all votes counted, Likud appeared to have earned 30 out of parliament’s 120 seats and was in a position to build with relative ease a coalition government with its nationalist, religious and ultra-Orthodox Jewish allies.

On Wednesday, Netanyahu visited the Western Wall in Jerusalem’s Old City, a remnant of the biblical Jewish Temple and the holiest site where Jews can pray. “I’m touched by the weight of the responsibility that the people of Israel have put on my shoulders. I wish to say that I will do anything in my power to ensure the well-being and security of all the citizens of Israel,” he said.

The election was widely seen as a referendum on Netanyahu, who has governed for the past six years. Recent opinion polls indicated he was in trouble, giving chief rival Isaac Herzog’s center-left Zionist Union a slight lead. Exit polls Tuesday showed the two sides deadlocked but once the actual results came pouring in early Wednesday, the Zionist Union dropped to just 24 seats.

Given the final results, it is all but assured that Israel’s largely ceremonial President Reuven Rivlin will task Netanyahu with forming a new government. Netanyahu says he hopes to do so quickly, within two to three weeks.

“Against all odds, we achieved a great victory for the Likud,” Netanyahu told supporters at his election night headquarters, declaring victory even before final results were known.

Netanyahu focused his campaign primarily on security issues, while his opponents pledged to address the high cost of living and housing crisis while accusing him of being out of touch. Netanyahu will likely look to battle that image now by adding to his government Moshe Kahlon, whose upstart Kulanu party captured 10 seats with a campaign focused almost entirely on bread-and-butter economic issues. Kahlon is expected to be the next finance minister.

A union of four largely Arab-backed factions became Israel’s third largest party — with 14 seats — and gave Israel’s Arab minority significant leverage in parliament for the first time. Ten parties in all made it into parliament.

Herzog conceded defeat, saying he called Netanyahu and offered him congratulations. He signaled that he would not join forces with Netanyahu and would rather head to the opposition.

“I think that at this moment what Israel needs most of all is another voice, a voice that offers an alternative and a voice that tells it the truth,” he said outside his Tel Aviv home. “It must be clear that for the citizens of Israel, the challenges remain the same, the problems are the same. Nothing has changed.”

Netanyahu’s return to power for a fourth term likely spells trouble for Mideast peace efforts and could further escalate tensions with Washington.

Netanyahu, who already has a testy relationship with President Barack Obama, staked out a series of hard-line positions in the final days of the race that will put him on a collision course with much of the international community.

In a dramatic policy reversal, he said he now opposes the creation of a Palestinian state — a key policy goal of the White House and the international community. He also promised to expand construction in Jewish areas of east Jerusalem, the section of the city claimed by the Palestinians as their capital, where violence has increased in recent months.

The Palestinians, fed up after years of deadlock with Netanyahu, are now likely to press ahead with their attempts to bring war crimes charges against Israel in the International Criminal Court.

“Now, more than ever, the international community must act,” said Palestinian official Saeb Erekat.

The world overwhelmingly supports the establishment of a Palestinian state in the West Bank, east Jerusalem and the Gaza Strip, areas captured by Israel in 1967, and opposes settlement construction.

With the race close, Netanyahu reneged on his previous stated support for a Palestinian state in an attempt to shore up his hawkish base. But peace talks last collapsed nearly a year ago, and it’s unclear whether the next government will pursue any drastic policy changes.

Netanyahu also infuriated the White House earlier this month when he delivered a speech to the U.S. Congress criticizing an emerging nuclear deal with Iran. The speech was arranged with Republican leaders and not coordinated with the White House ahead of time in a rare breach of diplomatic protocol.

In Washington, White House spokesman Josh Earnest said Obama was confident strong U.S.-Israeli ties would endure far beyond the election, regardless of the victor.

Throughout the campaign, Netanyahu portrayed himself as the only politician capable of confronting Israel’s numerous security challenges.

Avi Degani, president of the Geocartography polling institute, who had predicted an outright Likud victory, said ultimately Netanyahu’s experience prevailed. “There was a situation where many people wanted to replace him but there was no one whom they wanted to replace him with,” he said.

Rivlin will now meet with all ten parties that entered parliament and hear their recommendation for who should try to form the next government. Rivlin will then task the leading candidate, almost certainly Netanyahu, with putting together a coalition that makes up a majority in parliament. Netanyahu will remain prime minister throughout the process.

Netanyahu appears to have 67 backers who would join a right-wing nationalist government, but he could still surprise and try to reach out to centrist rivals in order to present a more moderate face to the world.

http://apnews.myway.com/article/20150318/ml–israel-election-68c9439ebd.html

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Posted on March 19, 2015. Filed under: American History, Banking, British History, College, Communications, Documentary, Economics, Education, Employment, Energy, European History, Faith, Family, Federal Government Budget, Fiscal Policy, government spending, history, Investments, Law, liberty, Life, Links, Macroeconomics, Monetary Policy, Money, Money, Music, Natural Gas, Natural Gas, Oil, Oil, People, Philosophy, Photos, Politics, Press, Radio, Raves, Regulations, Resources, Strategy, Talk Radio, Tax Policy, Taxes, Unemployment, Video, Water, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Up Up and Away Interest Rates Will Go — Until The Next Recession Hits — Fed Debates Use of Word Patient — It Is The Economy Stupid, Not The Stock Market and Wealth Effect — The Coming Deflation Caused By The Fed? — The Failure of Command and Control of Money’s Price — Interest Rates — Videos

Posted on March 17, 2015. Filed under: American History, Articles, Banking, Blogroll, British History, College, Communications, Corruption, Documentary, Economics, Education, Employment, European History, Faith, Family, Federal Communications Commission, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, history, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Money, People, Philosophy, Photos, Politics, Press, Rants, Raves, Tax Policy, Terrorism, Unemployment, Video, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 427: March 16, 2015

Pronk Pops Show 426: March 6, 2015

Pronk Pops Show 425: March 4, 2015

Pronk Pops Show 424: March 2, 2015

Pronk Pops Show 423: February 26, 2015

Pronk Pops Show 422: February 25, 2015 

Pronk Pops Show 421: February 20, 2015

Pronk Pops Show 420: February 19, 2015

Pronk Pops Show 419: February 18, 2015

Pronk Pops Show 418: February 16, 2015

Pronk Pops Show 417: February 13, 2015

Pronk Pops Show 416: February 12, 2015

Pronk Pops Show 415: February 11, 2015

Pronk Pops Show 414: February 10, 2015

Pronk Pops Show 413: February 9, 2015

Pronk Pops Show 412: February 6, 2015

Pronk Pops Show 411: February 5, 2015

Pronk Pops Show 410: February 4, 2015

Pronk Pops Show 409: February 3, 2015

Pronk Pops Show 408: February 2, 2015

Pronk Pops Show 407: January 30, 2015

Pronk Pops Show 406: January 29, 2015

Pronk Pops Show 405: January 28, 2015

Pronk Pops Show 404: January 27, 2015

Pronk Pops Show 403: January 26, 2015

Pronk Pops Show 402: January 23, 2015

Pronk Pops Show 401: January 22, 2015

Pronk Pops Show 400: January 21, 2015

Pronk Pops Show 399: January 16, 2015

Pronk Pops Show 398: January 15, 2015

Pronk Pops Show 397: January 14, 2015

Pronk Pops Show 396: January 13, 2015

Pronk Pops Show 395: January 12, 2015

Pronk Pops Show 394: January 7, 2015

Pronk Pops Show 393: January 5, 2015

Pronk Pops Show 392: December 19, 2014

Pronk Pops Show 391: December 18, 2014

Pronk Pops Show 390: December 17, 2014

Pronk Pops Show 389: December 16, 2014

Pronk Pops Show 388: December 15, 2014

Pronk Pops Show 387: December 12, 2014

Pronk Pops Show 386: December 11, 2014

Pronk Pops Show 385: December 9, 2014

Pronk Pops Show 384: December 8, 2014

Pronk Pops Show 383: December 5, 2014

Pronk Pops Show 382: December 4, 2014

Pronk Pops Show 381: December 3, 2014

Pronk Pops Show 380: December 1, 2014

Story 1: Up Up and Away Interest Rates Will Go — Until The Next Recession Hits — Fed Debates Use of Word Patient — It Is The Economy Stupid, Not The Stock Market and Wealth Effect — The Coming Deflation Caused By The Fed? — The Failure of Command and Control of Money’s Price — Interest Rates — Videos

Janet Yellennot completeFederal Reserve Board Of Governors Commemorates 100th Anniversary Of Federal Reserve Act
stay the3 coursefederal funds rate

Fed-Funds 03_Fed Balance SheetCentral-bank-balance-sheetsfed_funds_rate_qe_1_2_3Fed-AssetsFed-Balance-sheetFed-Balance-Sheet-SP500-010815 Fed-Balance-Sheet-VS-SP500-112013Federal-Reserve-Asset-Composition-QE (1)
gold federal balance sheet Mortgage-Backed-Securities-held-by-the-Federal-Reserve-All-Maturities.1 peter-catranis-fed-funds1 sp federal balance sheet

Up Up and Away

Fifth Dimension – Up Up & Away , My Beautiful Balloon

Janet Yellen’s Senate Testimony in Two Minutes

The Fed is Trapped in ZIRP World

Keiser Report: Derp-like policy of ZIRP and NIRP (E613)

Federal Reserve Chair Janet Yellen: 5.7% Unemployment Rate Paints Rosier Picture Than U-6 Rate

Yellen Says Fed Still ‘patient’ on Raising Rates

Peter Schiff on The Strong Dollar, U.S. market risk and Fed Chair Janet Yellen

Jim Rickards on Fed Chair Janet Yellen and The Strong Dollar

What is QUANTiTATIVE EASING | Federal Reserve (Central Banks)

Fed Caused Oil Crash, Stocks Next

The Fed, interest rates, and the markets

When will the Fed raise interest rates

Plosser: Deflation not a risk to US economy

Michael Snyder- Deflation then Inflation Through the Roof

ECONOMIC COLLAPSE Gold Manipulation, Wages Decline, Inflation, Deflation. Print

Milton Friedman – Abolish The Fed

Peter Schiff: Why We Should END the Fed?

Milton Friedman Explains the Cause of the Great Depression

Milton Friedman On John Maynard Keynes

Murray Rothbard on Economic Recessions

Deflation the Biggest Risk of the Economic Crisis? – Janet Yellen

Fed Reserve Janet Yellen Wont Raise Interest Rates To Fight Bubbles

The Fed and Fractional Reserve Banking Caused the Great Depression – Milton Friedman

Milton Friedman – Money and Inflation

Milton Friedman – Monetary Revolutions

Milton Friedman on Money / Monetary Policy (Federal Reserve) Part 1

Milton Friedman on Money / Monetary Policy (Federal Reserve) Part 2

Booms and Busts, Mises vs Keynes – And Religion As a Bulwark against Tyranny

NEW WORLD ORDER 2015 ECONOMIC COLLAPSE

Colorful Time-Lapse of Hot Air Balloons in New Mexico

Abba – Money, Money, Money

WHAT IT MEANS IF FED NO LONGER SAYS IT’S ‘PATIENT’ ON RATES

For the Federal Reserve, patience may no longer be a virtue.

Surrounding the Fed’s policy meeting this week is the widespread expectation that it will no longer use the word “patient” to describe its stance on raising interest rates from record lows.

The big question is: What will that mean?

Many economists say the dropping of “patience” would signal that the Fed plans to start raising rates in June to reflect a steadily strengthening U.S. job market. Others foresee no rate hike before September. And a few predict no increase before year’s end at the earliest.

Complicating the decision is a surging U.S. dollar, which is keeping inflation far below the Fed’s target rate and posing a threat to U.S. corporate profits and possibly to the economy. A rate increase could send the dollar even higher.

In a statement it will issue when its meeting ends Wednesday and in a news conference Chair Janet Yellen will hold afterward, the Fed isn’t likely to telegraph its timetable. Yellen has said that any decision to raise rates will reflect the latest economic data and that the Fed must remain flexible.

Still, nervous investors have been selling stocks out of concern that a rate increase – which could slow borrowing and spending and weigh on the economy – is coming soon.

“I think the odds are better than 50-50 that the Fed … will drop the word `patient’ at the March meeting, and that would put an initial rate hike in play, perhaps as early as the June meeting,” said David Jones, author of several books about the Fed.

Historically, the Fed raises rates as the economy strengthens in order to control growth and prevent inflation from overheating. Over the past 12 months, U.S. employers have added a solid 200,000-plus jobs every month. And unemployment has reached a seven-year low of 5.5 percent, the top of the range the Fed has said is consistent with a healthy economy.

The trouble is that the Fed isn’t meeting its other major policy goal – achieving stable inflation, which it defines as annual price increases of around 2 percent. According to the Fed’s preferred inflation gauge, prices rose just 0.2 percent over the past 12 months. In part, excessively low U.S. inflation reflects sinking energy prices and the dollar’s rising value, which lowers the prices of goods imported to the United States.

It isn’t just inflation that remains below optimal levels. Though the job market has been strong, the overall economy has yet to regain full health. The economy slowed to a tepid 2.2 percent annual rate in the October-December quarter, and economists generally think the current quarter might be even weaker. Manufacturers are struggling with falling exports, partly because of the strong dollar, and consumers – the drivers of the economy – have seemed reluctant to spend their windfall savings from cheaper energy.

What’s more, pay for many workers remains stagnant, and there are 6.6 million part-timers who can’t find full-time jobs – nearly 50 percent more than in 2007, before the recession began.

For those reasons, some analysts think it would be premature to raise rates soon.

“The last thing the Fed wants to do right now is spook the markets and the economy into an even slower growth trajectory,” said Brian Bethune, an economics professor at Tufts University.

After it met in December, the Fed said for the first time that it would be “patient’ about raising rates. Yellen said that meant there would be no increase at the Fed’s next two meetings. And in testimony to Congress last month, she cautioned that even when “patient” is dropped, it won’t necessarily signal an imminent rate hike – only that the Fed will think the economy has improved enough for it to consider a rate increase on a “meeting-by-meeting basis.”

Some economists say the Fed may tweak its policy statement this week to signal that a higher inflation outlook would be needed before any rate hike. And they expect the Fed to go further in coming months to ready investors for the inevitable.

“The process is going to be glacial,” said Diane Swonk, chief economist at Mesirow Financial in Chicago. “They want to prepare the markets for change, but they don’t want to scare them.”

Though Swonk thinks the Fed will drop “patient” from its statement this week, she doesn’t expect a rate hike before September. Even then, she foresees only small increases in its benchmark rate.

Sung Won Sohn, an economics professor at the Martin Smith School of Business at California State University, suggested that the Fed’s strategy in beginning to raise rates won’t be to slow the economy. Rather, he thinks the goal will be to manage the expectations of investors, some of whom weren’t even in business in 2004, the last time the Fed began raising rates.

“The Fed is just trying to send a message that the world is about to enter a new age after a long period of low interest rates to a period of rising rates,” Sohn said.

http://hosted.ap.org/dynamic/stories/U/US_FEDERAL_RESERVE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-03-16-12-46-02

Fed Watch: The End of “Patient” and Questions for Yellen

Tim Duy:

The End of “Patient” and Questions for Yellen, by Tim Duy: FOMC meeting with week, with a subsequent press conference with Fed Chair Janet Yellen. Remember to clear your calendar for this Wednesday. It is widely expected that the Fed will drop the word “patient” from its statement. Too many FOMC participants want the opportunity to debate a rate hike in June, and thus “patient” needs to go. The Fed will not want this to imply that a rate hike is guaranteed at the June meeting, so look for language emphasizing the data-dependent nature of future policy. This will also be stressed in the press conference. Of interest too will be the Fed’s assessment of economic conditions since the last FOMC meeting. On net, the data has been lackluster – expect for the employment data, of course. The latter, however, is of the highest importance to the Fed. I anticipate that they will view the rest of the data as largely noise against the steadily improving pace of underlying activity as indicated by employment data. That said, I would expect some mention of recent softness in the opening paragraph of the statement. I don’t think the Fed will alter its general conviction that low readings on inflation are largely temporary. They may even cite improvement in market-based measures of inflation compensation to suggest they were right not to panic at the last FOMC meeting. I am also watching for how they describe the international environment. I would not expect explicit mention of the dollar, but maybe we will see a coded reference. Note that in her recent testimony, Yellen said:

But core PCE inflation has also slowed since last summer, in part reflecting declines in the prices of many imported items and perhaps also some pass-through of lower energy costs into core consumer prices.

Stronger dollar means lower prices of imported items. The press conference will be the highlight of the meeting. Presumably, Yellen will continue to build the case for a rate hike. Since the foundation of that case rests on the improvement in labor markets and the subsequent impact on inflationary pressures, it is reasonable to ask:

On a scale of zero to ten, with ten being most confident, how confident is the Committee that inflation will rise toward target on the basis on low – and expected lower – unemployment?

Considering that low wage growth suggests it is too early to abandon Yellen’s previous conviction that unemployment is not the best measure of labor market tightness, we should consider:

Is faster wage growth a precondition to raising interest rates?

I expect the answer would be “no, wages are a lagging indicator.” The Federal Reserve seems to believe that policy will still remain very accommodative even after the first rate hike. We should ask for a metric to quantify the level of accommodation:

What is the current equilibrium level of interest rates? Where do you see the equilibrium level of interest rates in one year?

A related question regards the interpretation of the yield curve:

Do you consider low interest long-term interest rates to be indicative of loose monetary conditions, or a signal that the Federal Reserve needs to temper its expectations of the likely path of interest rates as indicated in the “dot plot”?

Relatedly, differential monetary policy is supporting capital inflows, depressing US interest rates and strengthening the dollar. This dynamic ignited a debate of what it means for the economy and how the Fed should or should not respond. Thus:

The dollar is appreciating at the fastest rate in many years. Is the appreciating dollar a drag on the US economy, or is any negative impact offset by the positive demand impact of looser monetary policy abroad? How much will the dollar need to appreciate before it impacts the direction of monetary policy?

Given that the Fed seems determined to raise interest rates, we should probably be considering some form of the following as a standard question:

Consider the next six months. Which is greater – the risk of moving too quickly to normalize policy, or the risk of delay? Please explain, with specific reference to both risks.

Finally, a couple of communications questions. First, the Fed is signaling that they do not intend to raise rates on a preset, clearly communicated path like the last hike cycle. Hence, we should not expect “patient” to be replaced with “measured.” But it seems like the FOMC is too contentious to expect them to shift from no hike one meeting to 25bp the next, then back to none – or maybe 50bp. So, let’s ask Yellen to explain the plan:

There appears to be an effort on the part of the FOMC to convince financial markets that rate hikes, when they begin, will not be on a pre-set path. Given the need for consensus building on the FOMC, how can you credibly commit to renegotiate the direction of monetary policy at each FOMC meeting? How do you communicate the likely direction of monetary policy between meetings?

Finally, as we move closer to policy normalization, the Fed should be rethinking the “dot plot,” which was initially conceived to show the Fed was committed to a sustained period of low rates. Given that the dot-plot appears to be fairly hawkish relative to market expectations, it may not be an appropriate signal in a period of rising interest rates. Time for a change? But is the Fed considering a change, and when will we see it? This leads me to:

Cleveland Federal Reserve President Loretta Mester has suggested revising the Summary of Economic Projections to explicitly link the forecasts of individual participants with their “dots” in the interest rate projections. Do you agree that this would be helpful in describing participants’ reaction functions? When will this or any other revisions to the Summary of Economic Projections be considered?

Bottom Line: By dropping “patient” the Fed will be taking another step toward the first rate hike of this cycle. But how long do we need to wait until that first hike? That depends on the data, and we will be listening for signals as to how, or how not, the Fed is being impacted by recent data aside from the positive readings on the labor market. http://economistsview.typepad.com/economistsview/fed_watch/

Fed Watch: ‘Patient’ is History

Tim Duy:

Patient’ is History: The February employment report almost certainly means the Fed will no longer describe its policy intentions as “patient” at the conclusion of the March FOMC meeting. And it also keep a June rate hike in play. But for June to move from “in play” to “it’s going to happen,” I still feel the Fed needs a more on the inflation side. The key is the height of that inflation bar. The headline NFP gain was a better-than-expected 295k with 18k upward adjustment for January. The 12-month moving average continues to trend higher:

NFPa030615

Unemployment fell to 5.5%, which is the top of the central range for the Fed’s estimate of NAIRU. Still, wage growth remains elusive:

NFPb030615

Is wage growth sufficient to stay the Fed’s hand?  I am not so sure. Irecently wrote:

My take is this: To get a reasonably sized consensus to support a rate hike, two conditions need to be met. One is sufficient progress toward full-employment with the expectation of further progress. I think that condition has already been met. The second condition is confidence that inflation will indeed trend toward target. That condition has not been met. To meet that condition requires at least one of the following sub-conditions: Rising core-inflation, rising market-based measures of inflation compensation, or accelerating wage growth. If any were to occur before June, I suspect it would be the accelerating wage growth.

I am less confident that we will see accelerating wage growth by June, although I should keep in mind we still have three more employment reports before that meeting. Note, however, low wage growth does not preclude a rate hike. The Fed hiked rates in 1994 in a weak wage growth environment:

NFPg030615

And again in 2004 liftoff occurred on the (correct) forecast of accelerating wage growth:

NFPf030615

So wage growth might not be there in June to support a rate hike. And, as I noted earlier this weaker, I have my doubts on whether core-inflation would support a rate hike either. That leaves us with market-based measures of inflation compensation. And at this point, that just might be the key:

NFPe030615

If bond markets continue to reverse the oil-driven inflation compensation decline, the Fed may see a way clear to hiking rates in June. But the pace and timing of subsequent rate hikes would still be data dependent. I would anticipate a fairly slow, halting path of rate hikes in the absence of faster wage growth. Bottom Line:  “Patient” is out. Tough to justify with unemployment at the top of the Fed’s central estimates of NAIRU. Pressure to begin hiking rates will intensify as unemployment heads lower. The inflation bar will fall, and Fed officials will increasingly look for reasons to hike rates rather than reasons to delay. They may not want to admit it, but I suspect one of those reasons will be fear of financial instability in the absence of tighter policy. June is in play.

https://www.youtube.com/watch?v=pvYh53vbD3g

The Pronk Pops Show Podcasts Portfolio

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Conservatives Challenge Democrat Neutered No Balls House Speaker John Boehner and Senate Majority Leader Mitch McConnell — Republican Party Leadership Betrayed American Voters and Committed Political Suicide Over Funding Legal Status For Illegal Aliens — Deport The 30-50 Million Illegal Aliens In United States — It Is The Law — Videos

Posted on March 12, 2015. Filed under: American History, Articles, Blogroll, Business, College, Communications, Constitution, Corruption, Crisis, Demographics, Economics, Education, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government, government spending, history, Illegal, Immigration, Investments, Language, Law, Legal, liberty, Life, Links, media, People, Philosophy, Politics, Press, Private Sector, Public Sector, Radio, Rants, Raves, Strategy, Talk Radio, Tax Policy, Unemployment, Unions, Video, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , |

DHS Head Thanks Congress for Funding

Congress Approves Homeland Security Funding Without Immigration Fight

Speaker Boehner’s Embarrassing, Humiliating DHS Funding Failure

Phyllis Schlafly: We’re tired of GOP’s Losers

Dana Bash to GOP Rep: ‘Impossible’ for Speaker Boehner to Govern Because of You

Boehner Facing Possible Coup over DHS Funding Fight

Battle Over Dept. of Homeland Security Funding – Leslie Marshall on The Real Story 2/25/15