Food

George Victor — Hitler: The Pathology of Evil — Videos

Posted on March 7, 2016. Filed under: American History, Blogroll, British History, Communications, Constitution, Corruption, Documentary, European History, Famine, Food, government spending, history, Law, liberty, Life, Links, media, People, Philosophy, Photos, Radio, Video, War, Welfare, Wisdom, Work, Writing | Tags: , , , , , , , , , , , |

hitler

Hitler and Stalin The Roots Of Evil | History Documentary

Hitler and Stalin the roots of evil (part 1 of 5)

Hitler and Stalin the roots of evil (part 2 of 5)

Hitler and Stalin the roots of evil (part 3 of 5)

Hitler and Stalin the roots of evil (part 4 of 5)

Hitler and Stalin the roots of evil (part 5 of 5)

Mein Kampf The Story of Adolf Hitler History Channel Documentary

Hitler Documentary in Color | Nazi Regime | Fall of Hitler

Hitler_ The Rise of Evil 1 of 2

Hitler The Rise of Evil Part 2

Hitler’s SS: Portrait in Evil (1985) WORLD WAR II

WHY HITLER LOST WORLD WAR TWO

Hitler and Stalin: Parallel Lives

Stalin Biography of Soviet Leader Joseph Stalin Full Documentary

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Leonard Rosen — All Cry Chaos — Videos

Posted on February 21, 2016. Filed under: American History, Articles, Blogroll, Books, British History, Business, Communications, Congress, Constitution, Economics, Education, Employment, Environment, Food, Freedom, Friends, history, liberty, Life, Links, media, Money, People, Philosophy, Photos, Politics, Talk Radio, Video, Wealth, Welfare, Wisdom, Work | Tags: , , , , , , , , , , , , , , |

all cry chaos Leonard Rosenfern leaffractals-erucolindo3

Mathematics is the art of giving the same name to different things.

~Henri Poincare

Book Trailer: “All Cry Chaos” by Leonard Rosen

Leonard Rosen talks about Chaos Theory, his writing process, and the pleasure of audiobooks

Leonard Rosen – All Cry Chaos

Chaos Theory

The Science and Psychology of the Chaos Theory

The Strange New Science of Chaos

Fractals – Hunting The Hidden Dimension

Complexity: Life, Scale, & Civilization

TEDxRotterdam – Igor Nikolic – Complex adaptive systems

Where Good Ideas Come From | Steven Johnson | TED Talks

Dirk Helbing: Rethinking Economics Based on Complexity Theory

Henri Poincaré

Rick Astley – Never Gonna Give You Up

It is the harmony of the diverse parts, their symmetry, their happy balance; in a word it is all that introduces order, all that gives unity, that permits us to see clearly and to comprehend at once both the ensemble and the details.

~Henri Poincare

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Mass Media Big Lie Campaign To Take Down Trump With Out of Context Propaganda! — Trump Never Said He Wants All Muslims In U.S. To Register– The So-Called “Journalist” Did! — Hit and Run Political Character Assassination Attempt By Hillary Clinton Journalist Supporter — Hunter Walker — Videos

Posted on November 21, 2015. Filed under: Airplanes, American History, Babies, Blogroll, Bomb, Books, British History, Business, Central Intelligence Agency (CIA), College, Communications, Congress, Constitution, Corruption, Crime, Crisis, Cult, Defense Intelligence Agency (DIA), Defense Intelligence Agency (DIA), Demographics, Diasters, Documentary, Drug Cartels, Economics, Education, Elections, Employment, Energy, European History, Faith, Family, Federal Bureau of Investigation (FBI), Federal Bureau of Investigation (FBI), Federal Government, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, Fraud, Freedom, Friends, Genocide, government, government spending, Homicide, Illegal, Immigration, Islam, Law, Legal, liberty, Life, Links, media, Middle East, Money, National Security Agency (NSA), National Security Agency (NSA_, Natural Gas, Non-Fiction, Oil, People, Philosophy, Photos, Pistols, Police, Political Correctness, Politics, Presidential Candidates, Press, Radio, Rants, Raves, Religion, Religious, Rifles, Security, Speech, Spying, Strategy, Talk Radio, Tax Policy, Taxation, Technology, Terrorism, Torture, Transportation, Vacations, Video, War, Wealth, Weapons, Welfare, Wisdom, Work, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 579: November 20, 2015 

Pronk Pops Show 578: November 19, 2015 

Pronk Pops Show 577: November 18, 2015 

Pronk Pops Show 576: November 17, 2015

Pronk Pops Show 575: November 16, 2015  (more…)

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Trump Triumphing with American People — Trump Democrats, Trump Republicans, Trump Independents — President Trump? — Too Soon To Call — Videos

Posted on November 21, 2015. Filed under: American History, Articles, Blogroll, Books, British History, Business, Central Intelligence Agency (CIA), Communications, Computers, Congress, Constitution, Corruption, Crisis, Defense Intelligence Agency (DIA), Defense Intelligence Agency (DIA), Demographics, Documentary, Economics, Employment, Energy, European History, Faith, Federal Bureau of Investigation (FBI), Federal Bureau of Investigation (FBI), Food, Foreign Policy, Freedom, Genocide, government, Health Care, history, Illegal, Immigration, Islam, Language, Law, Legal, liberty, Life, Links, media, Middle East, Money, National Security Agency (NSA), National Security Agency (NSA_, Natural Gas, Natural Gas, Newspapers, Non-Fiction, Oil, Oil, People, Philosophy, Photos, Police, Political Correctness, Politics, Presidential Candidates, Radio, Radio, Raves, Regulations, Religious, Resources, Security, Shite, Speech, Spying, Sunni, Talk Radio, Taxation, Technology, Television, Terrorism, Torture, Video, War, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 578: November 19, 2015

Pronk Pops Show 577: November 18, 2015 

Pronk Pops Show 576: November 17, 2015

Pronk Pops Show 575: November 16, 2015  (more…)

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US Economy Stagnating With Lowest Labor Participation in 38 Years of 62.4% With 94.6 Million Americans Not In Labor Force and 7.9 Unemployed and Only 142,000 Jobs Created In September — Recession in 2016? — Videos

Posted on October 3, 2015. Filed under: American History, Articles, Banking, Blogroll, College, Communications, Congress, Constitution, Documentary, Economics, Education, Elections, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Food, Freedom, Friends, government spending, history, Illegal, Inflation, Internal Revenue Service (IRS), Law, Legal, liberty, Life, Links, Literacy, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Money, People, Philosophy, Photos, Politics, Private Sector, Public Sector, Radio, Radio, Rants, Raves, Security, Strategy, Talk Radio, Taxation, Taxes, Unemployment, Unions, Video, War, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 546: October 2, 2015 

Pronk Pops Show 545: October 1, 2015 

Pronk Pops Show 544: September 30, 2015 

Pronk Pops Show 543: September 29, 2015 

Pronk Pops Show 542: September 28, 2015 

Pronk Pops Show 541: September 25, 2015 

Pronk Pops Show 540: September 24, 2015 

Pronk Pops Show 539: September 23, 2015 

Pronk Pops Show 538: September 22, 2015 

Pronk Pops Show 537: September 21, 2015 

Pronk Pops Show 536: September 18, 2015 

Pronk Pops Show 535: September 17, 2015 

Pronk Pops Show 534: September 16, 2015 

Pronk Pops Show 533: September 15, 2015  

Pronk Pops Show 532: September 14, 2015 

Pronk Pops Show 531: September 11, 2015

Pronk Pops Show 530: September 10, 2015 

Pronk Pops Show 529: September 9, 2015 

Pronk Pops Show 528: September 8, 2015 

Pronk Pops Show 527: September 4, 2015 

Pronk Pops Show 526: September 3, 2015  

Pronk Pops Show 525: September 2, 2015 

Pronk Pops Show 524: August 31, 2015  

Pronk Pops Show 523: August 27, 2015  

Pronk Pops Show 522: August 26, 2015 

Pronk Pops Show 521: August 25, 2015 

Pronk Pops Show 520: August 24, 2015 

Pronk Pops Show 519: August 21, 2015 

Pronk Pops Show 518: August 20, 2015  

Pronk Pops Show 517: August 19, 2015 

Pronk Pops Show 516: August 18, 2015

Pronk Pops Show 515: August 17, 2015

Pronk Pops Show 514: August 14, 2015

Pronk Pops Show 513: August 13, 2015

Pronk Pops Show 512: August 12, 2015

Pronk Pops Show 511: August 11, 2015

Pronk Pops Show 510: August 10, 2015

Pronk Pops Show 509: July 24, 2015

Pronk Pops Show 508: July 20, 2015

Pronk Pops Show 507: July 17, 2015

Pronk Pops Show 506: July 16, 2015

Pronk Pops Show 505: July 15, 2015

Pronk Pops Show 504: July 14, 2015

Pronk Pops Show 503: July 13, 2015

Pronk Pops Show 502: July 10, 2015

Pronk Pops Show 501: July 9, 2015

Pronk Pops Show 500: July 8, 2015

Pronk Pops Show 499: July 6, 2015

Pronk Pops Show 498: July 2, 2015

Pronk Pops Show 497: July 1, 2015

Story 1: US Economy Stagnating With Lowest Labor Participation in 38 Years of 62.4% With 94.6 Million Americans Not In Labor Force and 7.9 Unemployed and Only 142,000 Jobs Created In September — Recession in 2016? — Videos

gdp_large

sgs-emp

U.S. economy gains 142,000 jobs in September

Does the weak jobs report take a Fed rate hike off the table?

The weak September jobs report and the markets

RETAIL APOCALYPSE CONTINUES SALES WORSE SINCE 2009

The last time September Retail Sales growth was this weak was 2009, limping aimlessly out of the ‘Great Recession’. With a mere 0.9% year-over-year growth, Johnson-Redbook data seems to confirm what Reuters reports is looming – the weakest U.S. holiday sales season for retailers since the recession. Consultancy firm AlixPartners expects sales to grow 2.8-3.4% during the November-December shopping period compared with 4.4% in 2014, based on analyzing consumer spending trends so far this year, noting (myth-busting for permabulls) dollars saved at the pump are being directed to personal savings or on non-retail activities.

Bursting Oil Bubble Could Put US Back in Recession

Commodities Report: October 2, 2015

Keep U.S. Jobs Numbers Volatility in Perspective: Krueger

Bad Jobs Report Prediction Understandable Says ‘Superforecasting’ Author

October 2, 2015 Financial News – Business News – Stock Exchange – NYSE – Market News

Gold Webcast – Gold climbs on weak US jobs report

Before the Asia Bell: October 2, 2015

Peter Schiff: Minimum Wage Will Result In Mass Unemployment & Self Service

MARC FABER – World Economy Grinding to a Halt. Don’t Trade With Leverage

Thom Hartmann “The Crash of 2016”

Keiser Report: Market Wasteland (E817)

The September Jobs Report in 11 Charts

By JOSH ZUMBRUN , NICK TIMIRAOS and ERIC MORATH

The U.S. economy added 142,000 jobs in September, but there’s more to the monthly jobs report than the number of jobs added. The report provides a wealth of information about the demographics of unemployment—about who is unemployed and why—summarized in the following 11 charts.

Over the past three months the economy has added jobs at the slowest pace since February 2014. Employers were adding an average of more than 200,000 jobs each month since the spring of last year, but now that pace has slowed.

Similarly, the annual pace of job creation has eased in recent months after peaking above three million late last year.

As a result of the weaker gains in August and September, job creation in 2015 has fallen well off last year’s pace. However, the economy is still on track to post the second-best year for employment growth in the past decade.

Every measure of unemployment is declining this year. The broadest gauge, which includes part-timers who would prefer full-time employment and Americans too discouraged to look for a job, fell to 10% last month. That’s the lowest rate since May 2008.

The median unemployed worker has been without a job for 11.4 weeks. That’s substantially shorter than during the first few years of this economic recovery, but still high by historical standards.

The number of Americans working full-time has finally returned to its prerecession levels, though this doesn’t account for an increase in the overall population.

The labor-force participation rate—that is, the share of the population either working or looking for work—declined to the lowest rate since 1977. The employment-to-population ratio, that is, the share of the population with a job, fell to 59.2% from 59.4%.

Much of the reason for the decline in the labor force is simply that a growing number of baby boomers are choosing to retire. Among workers ages 25 to 54, labor-force participation and employment rates are higher. Among this group of workers, dubbed prime-age by labor market economists, labor-force participation fell to 80.6% from 80.7% last month.

People can be unemployed for a range of reasons—whether it’s entering the job market for the first time; re-entering after going to school, starting a family or caring for a relative; quitting an old job with no new one lined up; or losing a job, either on a temporary layoff or permanently. As the recovery has progressed, the share of the unemployed who lost their previous job has declined. A growing share of the unemployed are new entrant or re-entrants to the work force.

College graduates have a significantly lower unemployment rate, which was unchanged at 2.5% this month. High-school dropouts have significantly higher unemployment, which climbed to 7.9% this month from 7.7%.

The unemployment rate has continued to come down for men, women, whites, blacks and Hispanics. The gaps in the unemployment rate between men and women have mostly closed, but significant gaps remain between racial groups.

Corrections & Amplifications

Monthly employment gains in 2015 have averaged 198,000. An earlier version of the chart “Slower, But Still Solid,” incorrectly showed an average gain of 221,000 jobs. Also, the number of Americans working full-time increased in September using a three-month moving average. An earlier version of the chart “Working Longer” included data for July, August and September that didn’t use the three-month average, while the post incorrectly suggested the number of full-time workers according to that measure had declined in September. (Oct. 2, 2015).

http://blogs.wsj.com/economics/2015/10/02/the-september-jobs-report-in-11-charts/

U.S. job growth stumbles, raising doubts on economy

U.S. employers slammed the brakes on hiring over the last two months, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of this year.

Payrolls outside of farming rose by 142,000 last month and August figures were revised sharply lower to show only 136,000 jobs added that month, the Labor Department said on Friday.

That marked the smallest two-month gain in employment in over a year and could fuel fears that the China-led global economic slowdown is sapping America’s strength.

“You can’t throw lipstick on this pig of a report,” said Brian Jacobsen, a portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.

The weak job growth took Wall Street by surprise and U.S. stocks sold off while the dollar also weakened and yields for government bonds fell.

Bets on interest rate futures showed investors only saw a 30 percent chance of a Fed rate hike in December, down from just under 50 percent before the job report’s release.

“(With) a weak report here, in combination with some of the other weakness that we are seeing across the globe, the odds get dinged for December,” said Tom Porcelli, an economist at RBC Capital Markets.

Investors saw virtually no chance the Fed would end its near-zero interest rate policy at its only other scheduled meeting this year, to be held later in October. Futures prices indicated investors were betting the Fed would probably hike in March.

U.S. factories are feeling the global chill and shed 9,000 jobs in September after losing 18,000 in August, according to the Labor Department’s survey of employers.

“We saw events in China lead to some global financial turmoil and you’re seeing that in the data here,” White House chief economist Jason Furman told Reuters.

New orders received by U.S. factories fell 1.7 percent in August, the Commerce Department said in a separate report..

Paul Ryan, a top Republican lawmaker in the House of Representatives, said the weak turn in the economy should be a wake-up call for Washington to reform the national economy with new tax laws, free trade agreements and policies to get people off welfare. “This recovery continues to disappoint, but we can’t accept it as the new normal,” Ryan said.

The recent pace of job growth should have been enough to push the unemployment rate lower because only around 100,000 new jobs are needed a month to keep up with population growth.

But the jobless rate held steady at 5.1 percent. The unemployment rate is derived from a separate survey of households that showed 350,000 workers dropping out of the labor force last month, as well as a lower level of employment.

The share of the population in the work force, which includes people who have jobs or are looking for one, fell to 62.4 percent, the lowest level since 1977.

Average hourly wages fell by a cent to $25.09 during the month and were up only 2.2 percent from the same month in 2014, holding around the same levels seen all year and pointing to marginal inflationary pressures.

The report did have a few bright spots that might be welcomed by Fed chief Janet Yellen, who said last week the economy was doing well enough to warrant higher rates this year.

The number of workers with part-time jobs but who want more hours fell by 447,000 in September to 6.0 million.

Yellen has signaled that the elevated number of these workers points to hidden slack in the labor market that isn’t captured by the jobless rate. A measure of joblessness that includes these workers and is closely followed by the Fed fell to 10 percent, its lowest level since May 2008.

Economists polled by Reuters had expected job growth of 203,000 in September.

All told, revised estimates meant 59,000 fewer jobs were created in July and August than previously believed.

In another grim sign, the number of hours worked in the country fell 0.2 percent, raising the specter that some broader softness might have gripped the economy last month.

Some of the strongest headwinds on the U.S. economy come from the commodity sector, which has slowed in part because of weaker demand from China.

The price of oil has fallen nearly 50 percent over the last year, and U.S. mining payrolls, which include energy sector jobs, fell by 10,000 in September, the ninth straight month of declines.

http://www.reuters.com/article/2015/10/02/us-usa-economy-idUSKCN0RW08V20151002

Employment Situation Summary

Transmission of material in this release is embargoed until USDL-15-1912
8:30 a.m. (EDT) Friday, October 2, 2015

Technical information:
Household data: (202) 691-6378 • cpsinfo@bls.gov • www.bls.gov/cps
Establishment data: (202) 691-6555 • cesinfo@bls.gov • www.bls.gov/ces

Media contact: (202) 691-5902 • PressOffice@bls.gov


THE EMPLOYMENT SITUATION -- SEPTEMBER 2015


Total nonfarm payroll employment increased by 142,000 in September, and the
unemployment rate was unchanged at 5.1 percent, the U.S. Bureau of Labor
Statistics reported today. Job gains occurred in health care and information,
while mining employment fell.

Household Survey Data

In September, the unemployment rate held at 5.1 percent, and the number of
unemployed persons (7.9 million) changed little. Over the year, the unemployment
rate and the number of unemployed persons were down by 0.8 percentage point and
1.3 million, respectively. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (4.7 percent),
adult women (4.6 percent), teenagers (16.3 percent), whites (4.4 percent), blacks
(9.2 percent), Asians (3.6 percent), and Hispanics (6.4 percent) showed little
or no change in September. (See tables A-1, A-2, and A-3.)

The number of persons unemployed for less than 5 weeks increased by 268,000 to
2.4 million in September, partially offsetting a decline in August. The number
of long-term unemployed (those jobless for 27 weeks or more) was little changed
at 2.1 million in September and accounted for 26.6 percent of the unemployed.
(See table A-12.)

The civilian labor force participation rate declined to 62.4 percent in September;
the rate had been 62.6 percent for the prior 3 months. The employment-population
ratio edged down to 59.2 percent in September, after showing little movement for
the first 8 months of the year. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers) declined by 447,000 to 6.0 million in September.
These individuals, who would have preferred full-time employment, were working part
time because their hours had been cut back or because they were unable to find a
full-time job. Over the past 12 months, the number of persons employed part time
for economic reasons declined by 1.0 million. (See table A-8.)

In September, 1.9 million persons were marginally attached to the labor force, down
by 305,000 from a year earlier. (The data are not seasonally adjusted.) These 
individuals were not in the labor force, wanted and were available for work, and
had looked for a job sometime in the prior 12 months. They were not counted as
unemployed because they had not searched for work in the 4 weeks preceding the
survey. (See table A-16.)

Among the marginally attached, there were 635,000 discouraged workers in September,
little changed from a year earlier. (The data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they believe
no jobs are available for them. The remaining 1.3 million persons marginally
attached to the labor force in September had not searched for work for reasons
such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 142,000 in September. Thus far in
2015, job growth has averaged 198,000 per month, compared with an average monthly
gain of 260,000 in 2014. In September, job gains occurred in health care and
information, while employment in mining continued to decline. (See table B-1.)

Health care added 34,000 jobs in September, in line with the average increase of
38,000 jobs per month over the prior 12 months. Hospitals accounted for 16,000 of
the jobs gained in September, and employment in ambulatory health care services
continued to trend up (+13,000).

Employment in information increased by 12,000 in September and has increased by
44,000 over the year.

Employment in professional and business services continued to trend up in September
(+31,000). Job growth has averaged 45,000 per month thus far in 2015, compared
with an average monthly gain of 59,000 in 2014. In September, job gains occurred
in computer systems design and related services (+7,000) and in legal services
(+5,000).

Retail trade employment trended up in September (+24,000), in line with its average
monthly gain over the prior 12 months (+27,000). In September, employment rose in
general merchandise stores (+10,000) and automobile dealers (+5,000).

Employment in food services and drinking places continued on an upward trend in
September (+21,000). Over the year, this industry has added 349,000 jobs.

Employment in mining continued to decline in September (-10,000), with losses
concentrated in support activities for mining (-7,000). Mining employment has
declined by 102,000 since reaching a peak in December 2014.

Employment in other major industries, including construction, manufacturing,
wholesale trade, transportation and warehousing, financial activities, and
government, showed little or no change over the month.

The average workweek for all employees on private nonfarm payrolls declined by
0.1 hour to 34.5 hours in September. The manufacturing workweek decreased by
0.2 hour to 40.6 hours, and factory overtime declined by 0.2 hour to 3.1 hours.
The average workweek for production and nonsupervisory employees on private
nonfarm payrolls decreased by 0.1 hour to 33.6 hours. (See tables B-2 and B-7.)

In September, average hourly earnings for all employees on private nonfarm
payrolls, at $25.09, changed little (-1 cent), following a 9-cent gain in August.
Hourly earnings have risen by 2.2 percent over the year. Average hourly earnings
of private-sector production and nonsupervisory employees were unchanged at
$21.08 in September. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for July was revised from +245,000
to +223,000, and the change for August was revised from +173,000 to +136,000. With
these revisions, employment gains in July and August combined were 59,000 less
than previously reported. Over the past 3 months, job gains have averaged 167,000
per month.

_____________
The Employment Situation for October is scheduled to be released on Friday,
November 6, 2015, at 8:30 a.m. (EST).

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted

[Numbers in thousands]
Category Sept.
2014
July
2015
Aug.
2015
Sept.
2015
Change from:
Aug.
2015-
Sept.
2015

Employment status

Civilian noninstitutional population

248,446 250,876 251,096 251,325 229

Civilian labor force

155,845 157,106 157,065 156,715 -350

Participation rate

62.7 62.6 62.6 62.4 -0.2

Employed

146,607 148,840 149,036 148,800 -236

Employment-population ratio

59.0 59.3 59.4 59.2 -0.2

Unemployed

9,237 8,266 8,029 7,915 -114

Unemployment rate

5.9 5.3 5.1 5.1 0.0

Not in labor force

92,601 93,770 94,031 94,610 579

Unemployment rates

Total, 16 years and over

5.9 5.3 5.1 5.1 0.0

Adult men (20 years and over)

5.3 4.8 4.7 4.7 0.0

Adult women (20 years and over)

5.5 4.9 4.7 4.6 -0.1

Teenagers (16 to 19 years)

19.8 16.2 16.9 16.3 -0.6

White

5.1 4.6 4.4 4.4 0.0

Black or African American

11.0 9.1 9.5 9.2 -0.3

Asian

4.5 4.0 3.5 3.6 0.1

Hispanic or Latino ethnicity

7.0 6.8 6.6 6.4 -0.2

Total, 25 years and over

4.7 4.3 4.2 4.1 -0.1

Less than a high school diploma

8.3 8.3 7.7 7.9 0.2

High school graduates, no college

5.3 5.5 5.5 5.2 -0.3

Some college or associate degree

5.4 4.4 4.4 4.3 -0.1

Bachelor’s degree and higher

2.9 2.6 2.5 2.5 0.0

Reason for unemployment

Job losers and persons who completed temporary jobs

4,521 4,143 4,070 3,908 -162

Job leavers

816 843 790 780 -10

Reentrants

2,805 2,447 2,349 2,436 87

New entrants

1,094 826 850 831 -19

Duration of unemployment

Less than 5 weeks

2,372 2,488 2,095 2,363 268

5 to 14 weeks

2,495 2,257 2,374 2,218 -156

15 to 26 weeks

1,423 1,188 1,250 1,214 -36

27 weeks and over

2,951 2,180 2,187 2,104 -83

Employed persons at work part time

Part time for economic reasons

7,058 6,325 6,483 6,036 -447

Slack work or business conditions

4,165 3,828 3,841 3,569 -272

Could only find part-time work

2,528 2,213 2,242 2,134 -108

Part time for noneconomic reasons

19,579 19,891 19,760 19,971 211

Persons not in the labor force (not seasonally adjusted)

Marginally attached to the labor force

2,226 1,927 1,812 1,921

Discouraged workers

698 668 624 635

– Over-the-month changes are not displayed for not seasonally adjusted data.
NOTE: Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data.


Employment Situation Summary Table B. Establishment data, seasonally adjusted

ESTABLISHMENT DATA
Summary table B. Establishment data, seasonally adjusted
Category Sept.
2014
July
2015
Aug.
2015(p)
Sept.
2015(p)

EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)

Total nonfarm

250 223 136 142

Total private

235 195 100 118

Goods-producing

38 7 -22 -13

Mining and logging

7 -9 -9 -12

Construction

22 5 5 8

Manufacturing

9 11 -18 -9

Durable goods(1)

10 -4 -4 -5

Motor vehicles and parts

2.2 1.9 6.6 2.1

Nondurable goods

-1 15 -14 -4

Private service-providing

197 188 122 131

Wholesale trade

5.2 2.6 5.5 -4.1

Retail trade

31.5 28.6 4.4 23.7

Transportation and warehousing

5.5 14.1 6.1 3.5

Utilities

-1.8 2.1 1.0 -0.7

Information

4 4 -5 12

Financial activities

10 15 12 0

Professional and business services(1)

51 40 27 31

Temporary help services

14.4 -11.3 6.6 4.6

Education and health services(1)

46 42 47 29

Health care and social assistance

27.2 40.2 47.6 36.4

Leisure and hospitality

49 32 32 35

Other services

-3 8 -8 1

Government

15 28 36 24

(3-month average change, in thousands)

Total nonfarm

237 243 201 167

Total private

229 222 171 138

WOMEN AND PRODUCTION AND NONSUPERVISORY EMPLOYEES
AS A PERCENT OF ALL EMPLOYEES(2)

Total nonfarm women employees

49.4 49.4 49.4 49.4

Total private women employees

47.9 48.0 48.0 48.0

Total private production and nonsupervisory employees

82.6 82.4 82.4 82.4

HOURS AND EARNINGS
ALL EMPLOYEES

Total private

Average weekly hours

34.5 34.6 34.6 34.5

Average hourly earnings

$24.55 $25.01 $25.10 $25.09

Average weekly earnings

$846.98 $865.35 $868.46 $865.61

Index of aggregate weekly hours (2007=100)(3)

101.5 103.9 104.0 103.8

Over-the-month percent change

0.2 0.5 0.1 -0.2

Index of aggregate weekly payrolls (2007=100)(4)

119.0 124.0 124.6 124.3

Over-the-month percent change

0.3 0.6 0.5 -0.2

DIFFUSION INDEX
(Over 1-month span)(5)

Total private (263 industries)

61.4 60.1 55.5 52.9

Manufacturing (80 industries)

53.8 50.6 39.4 44.4

Footnotes
(1) Includes other industries, not shown separately.
(2) Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries.
(3) The indexes of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding annual average aggregate hours.
(4) The indexes of aggregate weekly payrolls are calculated by dividing the current month’s estimates of aggregate weekly payrolls by the corresponding annual average aggregate weekly payrolls.
(5) Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
(p) Preliminary

NOTE: Data have been revised to reflect March 2014 benchmark levels and updated seasonal adjustment factors.

National Income and Product Accounts
Gross Domestic Product: Second Quarter 2015 (Third Estimate)
Corporate Profits: Second Quarter 2015 (Revised Estimate)
 Real gross domestic product -- the value of the goods and services produced by the nation’s
economy less the value of the goods and services used up in production, adjusted for price
changes -- increased at an annual rate of 3.9 percent in the second quarter of 2015, according to the
"third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased
0.6 percent.

The GDP estimate released today is based on more complete source data than were available for
the "second" estimate issued last month. In the second estimate, the increase in real GDP was 3.7
percent. With the third estimate for the second quarter, the general picture of economic growth remains
the same; personal consumption expenditures (PCE) and nonresidential fixed investment increased more
than previously estimated (see “Revisions” on page 2).

The increase in real GDP in the second quarter primarily reflected positive contributions from
PCE, exports, nonresidential fixed investment, state and local government spending, and residential
fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.

Real GDP increased 3.9 percent in the second quarter, after increasing 0.6 percent in the first.
The acceleration in real GDP in the second quarter reflected an upturn in exports, an acceleration in
PCE, a deceleration in imports, an upturn in state and local government spending, and an acceleration in
nonresidential fixed investment that were partly offset by decelerations in private inventory investment
and in federal government spending.

Real gross domestic income (GDI) -- the value of the costs incurred and the incomes earned in
the production of goods and services in the nation’s economy -- increased 0.7 percent in the second
quarter, compared with an increase of 0.4 percent in the first. The average of real GDP and real GDI, a
supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 2.3
percent in the second quarter, compared with an increase of 0.5 percent in the first.

_______

FOOTNOTE. Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise
specified. Percent changes are calculated from unrounded data and are annualized. "Real" estimates
are in chained (2009) dollars. Price indexes are chain-type measures.

This news release is available on BEA's Web site.
_______

Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- increased 3.6 percent in the second quarter, compared with an increase of 2.5 percent in
the first.

The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 1.5 percent in the second quarter, in contrast to a decrease of 1.6 percent in the first. Excluding
food and energy prices, the price index for gross domestic purchases increased 1.2 percent, compared
with an increase of 0.2 percent.

Current-dollar GDP -- the market value of the goods and services produced by the nation’s
economy less the value of the goods and services used up in production -- increased 6.1 percent, or
$264.4 billion, in the second quarter to a level of $17,913.7 billion. In the first quarter, current-dollar
GDP increased 0.8 percent, or $33.3 billion.


Revisions

The upward revision to the percent change in real GDP primarily reflected upward revisions to
PCE, to nonresidential fixed investment, and to residential fixed investment that were partly offset by a
downward revision to private inventory investment. For information on revisions, see "The Revisions to
GDP, GDI, and Their Major Components."


Advance Estimate Second Estimate Third Estimate
(Percent change from preceding quarter)
Real GDP............................... 2.3 3.7 3.9
Current-dollar GDP..................... 4.4 5.9 6.1
Real GDI............................... ... 0.6 0.7
Average of Real GDP and Real GDI....... ... 2.1 2.3
Gross domestic purchases price index... 1.4 1.5 1.5


Corporate Profits


Profits from current production

Profits from current production (corporate profits with inventory valuation adjustment (IVA) and
capital consumption adjustment (CCAdj)) increased $70.4 billion in the second quarter, in contrast to a
decrease of $123.0 billion in the first.

Profits of domestic financial corporations increased $34.6 billion in the second quarter, in
contrast to a decrease of $23.4 billion in the first. Profits of domestic nonfinancial corporations
increased $24.3 billion, in contrast to a decrease of $70.5 billion. The rest-of-the-world component of
profits increased $11.4 billion, in contrast to a decrease of $29.0 billion. This measure is calculated as
the difference between receipts from the rest of the world and payments to the rest of the world. In the
second quarter, receipts increased $24.9 billion, and payments increased $13.4 billion.

Taxes on corporate income increased $31.3 billion in the second quarter, compared with an
increase of $5.5 billion in the first. Profits after tax with IVA and CCAdj increased $39.2 billion, in
contrast to a decrease of $128.4 billion.

Dividends increased $1.2 billion in the second quarter, compared with an increase of $6.3 billion
in the first. Undistributed profits increased $38.0 billion, in contrast to a decrease of $134.7 billion. Net
cash flow with IVA -- the internal funds available to corporations for investment -- increased $48.1
billion, in contrast to a decrease of $135.5 billion.

The IVA and CCAdj are adjustments that convert inventory withdrawals and depreciation of
fixed assets reported on a tax-return, historical-cost basis to the current-cost economic measures used in
the national income and product accounts. The IVA decreased $78.7 billion in the second quarter, in
contrast to an increase of $45.7 billion in the first. The CCAdj increased $7.7 billion, in contrast to a
decrease of $208.1 billion.


Corporate profits with IVA

Profits of domestic financial corporations increased $34.3 billion in the second quarter, in
contrast to a decrease of $3.1 billion in the first. Profits of domestic nonfinancial corporations increased
$17.0 billion, compared with an increase of $117.3 billion. The second-quarter increase in profits of
nonfinancial corporations primarily reflected an increase in “other” nonfinancial industries that was
partly offset by a decrease in retail trade industries. A small increase in manufacturing industries
reflected an increase in durable goods that was mostly offset by a decrease in nondurable goods.


Gross value added of nonfinancial domestic corporate business

Real gross value added of nonfinancial corporations decreased slightly in the second quarter.
Profits per unit of real value added increased, reflecting an increase in unit prices and a decrease in unit
nonlabor costs that were partly offset by an increase in unit labor costs.

* * *


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

* * *

Next release -- October 29, 2015 at 8:30 A.M. EDT for:
Gross Domestic Product: Third Quarter 2015 (Advance Estimate)
http://bea.gov/newsreleases/national/GDP/GDPnewsrelease.htm

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Ted Cruz — A Time for Truth: Reigniting The Promise of America — Videos

Posted on August 31, 2015. Filed under: American History, Blogroll, Books, College, Communications, Constitution, Economics, Education, Employment, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, Freedom, Friends, government spending, Health Care, history, Illegal, Immigration, Law, Legal, liberty, Life, Links, Literacy, Love, media, Medicine, Money, Natural Gas, Newspapers, Non-Fiction, Obamacare, Oil, People, Philosophy, Politics, Press, Radio, Religious, Resources, Speech, Strategy, Supreme Court, Talk Radio, Tax Policy, Taxation, Taxes, Television, Unemployment, Video, War, Wealth, Welfare, Wisdom | Tags: , , , , , , , , , , , , , |

cruz-book

Conservative Review – Scorecard

Sen. Ted CruzTEXAS (R)

  • A
  • Liberty Score®

https://www.conservativereview.com/Scorecard

Election 2016 Presidential Polls

Monday, August 31
Race/Topic   (Click to Sort) Poll Results Spread
Iowa Republican Presidential Caucus Monmouth Trump 23, Carson 23, Walker 7, Cruz 9, Fiorina 10, Rubio 4, Bush 5, Huckabee 2, Paul 3, Kasich 4, Christie 1, Jindal 1, Santorum 2, Perry 1, Graham 0 Tie
Sunday, August 30
Race/Topic   (Click to Sort) Poll Results Spread
Iowa Republican Presidential Caucus DM Register Trump 23, Carson 18, Walker 8, Cruz 8, Fiorina 5, Rubio 6, Bush 6, Huckabee 4, Paul 4, Kasich 2, Christie 2, Jindal 2, Santorum 1, Perry 1, Graham 0 Trump +5

Who is Ted Cruz?

Ted Cruz on his New Book ‘A Time for Truth’

Mark Levin interviews Ted Cruz about his book “A Time for Truth: Reigniting the Promise of America”

Constitutionalists Ted Cruz Squares off With Katie Couric Powerful Truth

Ted Cruz demands apology from The New York Times

Ted Cruz president(August 24,2015):Ted Cruz at The FAMiLY Leader Presidential Leaders

Donald Trump: “Perhaps” Ted Cruz is ineligible to be President

Ted Cruz on the Mark Levin Show: This Iran Deal is the Height of Foolishness

A Trump/Cruz Ticket?

Donald Trump calls Iran agreement a ‘disgrace’ | Fox News Republican Debate

Donald Trump Reacts To Pres Obama’s Prelim Nuclear Deal With Iran – Road To 2016 – Hannity

Donald Trump speaks out against Iran deal

Ted Cruz

From Wikipedia, the free encyclopedia
Ted Cruz
Ted Cruz, official portrait, 113th Congress.jpg
United States Senator
from Texas
Assumed office
January 3, 2013
Serving with John Cornyn
Preceded by Kay Bailey Hutchison
Solicitor General of Texas
In office
January 9, 2003 – May 12, 2008
Governor Rick Perry
Preceded by Julie Parsley
Succeeded by James Ho
Personal details
Born Rafael Edward Cruz
December 22, 1970 (age 44)
Calgary, Alberta, Canada
Political party Republican
Spouse(s) Heidi Nelson (m. 2001)
Children 2
Alma mater Princeton University
(A.B., 1992)
Harvard Law School
(J.D., 1995)
Religion Protestantism (Southern Baptist)[1]
Website Senate website
Campaign website

Rafael EdwardTedCruz[2] (born December 22, 1970) is the junior United States Senator from Texas. A Republican, Cruz was elected senator in 2012 and is the first Hispanic or Cuban American to serve as a U.S. Senator representing Texas.[3][1][4] He is the chairman of the subcommittee on the Oversight, Agency Action, Federal Rights and Federal Courts, U.S. Senate Judiciary Committee.[5] He is also the chairman of the United States Senate Commerce Subcommittee on Space, Science and Competitiveness, U.S. Senate Commerce Committee. On March 23, 2015, Cruz announced during a rally at Liberty University he would run for the Republican Party nomination in the 2016 U.S. Presidential election.

Between 1999 and 2003, Cruz was the director of the Office of Policy Planning at the Federal Trade Commission, an associate deputy attorney general at the United States Department of Justice, and domestic policy advisor to U.S. President George W. Bush on the 2000 Bush-Cheney campaign. He served as Solicitor General of Texas from 2003 to May 2008, after being appointed by Texas Attorney General Greg Abbott.[6] He was the first Hispanic,[4][7] the youngest[4][8] and the longest-serving solicitor general in Texas history.[9] Cruz was also an adjunct professor of law at the University of Texas School of Law in Austin, from 2004 to 2009.[10][11]While there, he taught U.S. Supreme Court litigation.[10] Cruz is one of three Senators of Cuban descent.[12]

Cruz was the Republican nominee for the Senate seat vacated by fellow Republican Kay Bailey Hutchison.[13] On July 31, 2012, he defeated Lieutenant Governor David Dewhurst in the Republican primary runoff, 57%–43%.[14] Cruz defeated former state Representative Paul Sadler in the general election on November 6, 2012. He prevailed 56%–41% over Sadler.[14][15] Cruz openly identifies with the Tea Party movement and has been endorsed by the Republican Liberty Caucus.[16] On November 14, 2012, Cruz was appointed vice-chairman of the National Republican Senatorial Committee.[17]

Early life and ancestry

Cruz was born on December 22, 1970,[6][15] in Calgary, Alberta, to parents Eleanor Elizabeth Darragh Wilson and Rafael Bienvenido Cruz.[18][19][20]At the time of his birth, Cruz’ parents were working in the oil business as owners of a seismic-data processing firm for oil drilling.[21][19][22][23][19][24]

Cruz’s father was born in Cuba, and two of Ted’s paternal great-grandparents were from the Canary Islands in Spain. Cruz’s mother was born in Wilmington, Delaware, of three quarter Irish and one quarter Italian ancestry.[25][26] His father left Cuba in 1957 to attend the University of Texas at Austin, becoming a naturalized U.S. citizen in 2005.[19][27][28][29] His mother earned an undergraduate degree in mathematics from Rice University in the 1950s.[30]

On his father’s side, Cruz had two older half-sisters, Miriam and Roxana Cruz.[31] On his mother’s side Cruz had a half-brother, Michael Wilson (1960 – 1965), who died before he was born.[31] Cruz learned of the deceased sibling from his mother during his teenage years.[31]

Education

Cruz attended high school at Faith West Academy in Katy, Texas,[32] and later graduated from Second Baptist High School in Houston as valedictorian in 1988.[27][33][34] During high school, Cruz participated in a Houston-based group called the Free Market Education Foundation where he learned about free-market economic philosophers such as Milton Friedman, Friedrich Hayek, Frédéric Bastiat and Ludwig von Mises.[35] The program was run by Rolland Storey and Cruz entered the program at the age of 13.[24] At the same time, he changed his nickname from “Felito” to “Ted” after being teased about it by his peers.[36] Cruz was involved in theater during high school, though chose not to pursue an acting career. He would later say that he did not think he had the talent to succeed. Cruz came to regret not serving in the military, as he respected it “immensely.”[37]

Cruz graduated cum laude from Princeton University with a Bachelor of Arts in Public Policy[38] from the Woodrow Wilson School of Public and International Affairs in 1992.[4][6] While at Princeton, he competed for the American Whig-Cliosophic Society‘s Debate Paneland won the top speaker award at both the 1992 U.S. National Debating Championship and the 1992 North American Debating Championship.[39] In 1992, he was named U.S. National Speaker of the Year, as well as Team of the Year, with his debate partner, David Panton.[39] Cruz and Panton represented Harvard Law School at the 1995 World Debating Championship, making it to the semi-finals, where they lost to a team from Australia.[40][41][42] Princeton’s debate team later named their annual novice championship after Cruz.[42]

Cruz’s senior thesis on the separation of powers, titled “Clipping the Wings of Angels,” draws its inspiration from a passage attributed to President James Madison: “If angels were to govern men, neither external nor internal controls on government would be necessary.” Cruz argued that the drafters of the Constitution intended to protect the rights of their constituents, and that the last two items in the Bill of Rights offer an explicit stop against an all-powerful state. Cruz wrote: “They simply do so from different directions. The Tenth stops new powers, and the Ninth fortifies all other rights, or non-powers.”[30][43]

After graduating from Princeton, Cruz attended Harvard Law School, graduating magna cum laude in 1995 with a Juris Doctor degree.[6][44] While at Harvard Law, he was a primary editor of the Harvard Law Review, and executive editor of the Harvard Journal of Law and Public Policy, and a founding editor of the Harvard Latino Law Review.[4] Referring to Cruz’s time as a student at Harvard Law, Professor Alan Dershowitz said, “Cruz was off-the-charts brilliant.”[45][46] At Harvard Law, Cruz was a John M. Olin Fellow in Law and Economics.[10]

Cruz currently serves on the Board of Advisors of the Texas Review of Law and Politics.[10][47]

Legal career

Clerkships

Ted Cruz speaking in Nashua, New Hampshire.

Cruz served as a law clerk to J. Michael Luttig of the United States Court of Appeals for the Fourth Circuit in 1995[7][10] and William Rehnquist, Chief Justice of the United States in 1996.[6] Cruz was the first Hispanic to clerk for a Chief Justice of the United States.[48]

Private practice

After Cruz finished his clerkships, he took a position with Cooper, Carvin & Rosenthal, now known as Cooper & Kirk, LLC, from 1997 to 1998.[49] 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.[50] Cruz also served as private counsel for Congressman John Boehner during Boehner’s lawsuit against Congressman Jim McDermott for releasing a tape recording of a Boehner telephone conversation.[51]

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.[49]

Cruz assisted in assembling the Bush legal team, devising strategy, and drafting pleadings for filing with the Supreme Court of Florida and 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.[10][52] Cruz recruited future Chief Justice John Roberts and noted attorney Mike Carvin to the Bush legal team.[50]

After President Bush took office, Cruz served as an associate deputy attorney general in the U.S. Justice Department[6][52] and as the director of policy planning at the U.S. Federal Trade Commission.[6][45][52]

Texas Solicitor General

Appointed to the office of Solicitor General of Texas by Texas Attorney General Greg Abbott,[7][53] Cruz served in that position from 2003 to 2008.[10][35] 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 argued before the Supreme Court nine times, winning five cases and losing four.[50]

Cruz has authored 70 United States Supreme Court briefs and presented 43 oral arguments, including nine before the United States Supreme Court.[7][45][54] 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.[55] 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.”[55]

In 2003, while Cruz was Texas solicitor general, the Texas Attorney General’s office declined to defend Texas’ sodomy law in Lawrence v. Texas, where the U.S. Supreme Court decided that state laws banning homosexual sex as illegal sodomy were unconstitutional.[56]

In the landmark case of District of Columbia v. Heller, Cruz drafted the amicus brief signed by the 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.[54][57] 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.[54][58]

Cruz at the Values Voter Summit in Washington, DC., 2011

In addition to his success in Heller, Cruz 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 inVan Orden v. Perry.[10][45][54]

In 2004, Cruz was involved in the high-profile case, Elk Grove Unified School District v. Newdow,[10][45] in which he wrote a U.S. Supreme Court brief on behalf of all 50 states.[59] 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.[10][60]

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.[7][10][45][54] 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.[50][61] They based their case on a decision of the International Court of Justice in the Avena case which ruled that by failing to allow access to the Mexican consulate, the US had breached its obligations under the Convention.[62] Texas won the case in a 6–3 decision, the Supreme Court holding that ICJ decisions were not binding in domestic law and that the President had no power to enforce them.[50][61]

Cruz has been named by American Lawyer magazine as one of the 50 Best Litigators under 45 in America,[53][63] by The National Law Journal as one of the 50 Most Influential Minority Lawyers in America,[64][65] and by Texas Lawyer as one of the 25 Greatest Texas Lawyers of the Past Quarter Century.[66][67]

Private practic

After leaving the Solicitor General position in 2008, Cruz worked in a private law firm in Houston, Morgan, Lewis & Bockius LLP, often representing corporate clients, until he was sworn in as U.S. Senator from Texas in 2013.[10][30][68] At Morgan Lewis, he led the firm’s U.S. Supreme Court and national appellate litigation practice.[68] In 2009 and 2010, he 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.[27]

U.S. Senate

2012 election

Cruz speaking to the Values Voters Summit in October 2011

Cruz’s victory in the Republican primary was described by the Washington Post as “the biggest upset of 2012 . . . a true grassroots victory against very long odds.”[69] 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.[13] In the Republican senatorial primary, Cruz ran against sitting Lieutenant Governor David Dewhurst. Cruz was endorsed first by former Alaska Governor Sarah Palin[70] and then by the Club for Growth, a fiscally conservative political action committee;[71] Erick Erickson, editor of prominent conservative blog RedState;[72] theFreedomWorks for America super PAC;[73] nationally syndicated radio host Mark Levin;[74] former Attorney General Edwin Meese;[52] Tea Party Express;[75] Young Conservatives of Texas;[76] and U.S. Senators Tom Coburn,[77]Jim DeMint,[78] Mike Lee,[79] Rand Paul[80] and Pat Toomey.[81] He was also endorsed by former Texas Congressman Ron Paul,[82] George P. Bush,[52] and former U.S. Senator from Pennsylvania Rick Santorum.[83]

Cruz won the runoff for the Republican nomination with a 14-point margin over Dewhurst.[84] Cruz defeated Dewhurst despite being outspent by Dewhurst who held a statewide elected office.[85] Dewhurst spent $19 million and Cruz only spent $7 million.[85] Dewhurst raised over $30 million and outspent Cruz at a ratio of nearly 3-to-1.[86]

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.[14] According to a poll by Cruz’s pollster Wilson Perkins Allen Opinion Research, Cruz received 40% of the Hispanic vote, vs. 60% for Sandler, outperforming Republican Presidential candidate Mitt Romney with the Hispanic vote by 6 points.[87][88]

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.[89]

Legislation

Cruz giving a speech to the Montgomery County Republican Party meeting held in Conroe, Texas, on August 19, 2013

Cruz has sponsored 25 bills of his own, including:[90]

  • 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 the Renewable 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

Main article: Public Law 113-100

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 Nations who 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.[91] The bill was written in response to Iran‘s choice of Hamid Aboutalebi as their ambassador.[92] 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.[92][93][94]

Under the headline “A bipartisan message to Iran”, Cruz thanked President Barack Obama for signing S 2195 into law. The letter, published in the magazine Politico 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.”[95][96][97]

Committee assignments

According to transcripts as reported by Politico, in his first two years in the Senate, Cruz attended 17 of 50 public Armed Services Committee hearings, 3 of 25 Commerce Committee hearings, 4 of the 12 Judiciary Committee hearings, and missed 21 of 135 roll call votes during the first three months of 2015.[98]

Political positions

Climate change

In January 2015, Cruz voted in the U.S. Senate that global warming is real, but not man-made, rejecting an amendment stating that human activity significantly contributes to climate change.[99]

In a March 2015 Texas Tribune interview, Cruz questioned the credibility of environmental advocates concerned about the issue of global warming by saying, “On the global warming alarmists, anyone who actually points to the evidence that disproves their apocalyptical claims, they don’t engage in reasoned debate. What do they do? They scream, ‘You’re a denier.’ They brand you a heretic. Today, the global warming alarmists are the equivalent of the flat-earthers”.[100]

Cruz has stated that satellite data shows no global warming in the past 17 years, based on a range of data that the Intergovernmental Panel on Climate Change views as indicative of a short term trend (1998 was a particularly warm year), to deny the longer term warming trend of 360 consecutive months above the 20th century average.[101][102][103][104]

Economy

Since being elected, Cruz has characterized the economic policies of the Obama Administration as being misguided.[105] Chiding the GOP over its 2012 electoral losses, he stated that “Republicans are and should be the party of the 47 percent”[106] and has also noted that the words “growth and opportunity” ought to be tattooed on every Republican’s hand.[107]

In February 2014, Cruz opposed an unconditional increase in the debt limit.[108] 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.”[109]

Education

Cruz is a proponent of school choice.[110]

Energy policy

At a Heritage Foundation policy summit in February 2014, Cruz said that energy policy should be a key issue, stating “As much as we need to approve the Keystone pipeline, we need to think far broader than that.”[111] He pushed legislation to lift the 1970 ban on crude oil exports, and abolish the ethanol mandate.[112] Cruz received more than US$1 million in campaign donations from the oil and gas industry since 2011.[112]

Cruz was an original co-sponsor of the Keystone XL Pipeline Act, Senate Bill 1 of the 114th Congress,[113] and on January 29, 2015, voted for its passage.[114] It passed the Senate 62-36, the goal of the bill was to approve the construction of the transnational pipeline.[115] Cruz wants Congress to approve the exportation of U.S. natural gas to World Trade Organization countries.[116][117]

Environmental protection

Cruz advocates for “volunteer conservation”, and criticized efforts by the federal government’s Environmental Protection Agency to expand regulatory oversight on water use by attempting “to turn irrigation ditches into lakes and rivers and oceans”.[118]

Foreign affairs

Cruz speaking at the May 2015 Citizens United Freedom Summit

On foreign policy, Cruz has said that he is “somewhere in between” Rand Paul‘s “basically … isolationist” position and John McCain‘s active interventionism.[119]

In April 2015, Cruz filed an amendment to a bill introduced by Tennessee Senator Bob Corker, the Iran Nuclear Agreement Review Act of 2015, which would require affirmative Congressional approval of any Iranian nuclear dealbefore sanctions relief can occur.[120]

In 2004, Cruz 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.”[121] Cruz helped defeat efforts to ratify the Convention on the Rights of Persons with Disabilities, arguing that the treaty infringed on US sovereignty.[50]

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”.[122] 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”.[123] 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.”[124]

In 2014, Cruz spoke at an event held by the group In Defense of Christians (IDC). He was booed by the group after making statements considered pro-Israel. Cruz left the stage after telling the audience, “Those who hate Israel hate America. Those who hate Jews hate Christians. If those in this room will not recognize that, then my heart weeps. If you hate the Jewish people you are not reflecting the teachings of Christ. And the very same people who persecute and murder Christians right now, who crucify Christians, who behead children, are the very same people who target Jews for their faith, for the same reason”.[125] Some commentators believe there is a divide in the conservative movement between those who sided with Cruz and Israel, and those who sided with Middle Eastern Christians and some arguing that Cruz’s comments were out-of-bounds.[126] Others who criticized Cruz included Mollie Hemingwayand Ross Douthat.[127] Cruz apologized for questioning the motives of his critics and said that all should be united in speaking out against persecution of religious minorities.[128]

Gun rights

Cruz is a gun-rights supporter.[129] On March 25, 2013, an announcement was made by Cruz and U.S. Senators Rand Paul and Mike Lee threatening to 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.[130] On April 17, 2013, Cruz voted against the Manchin-Toomey Amendment.[131] Republicans successfully filibustered the amendment by a vote of 54–46, as 60 votes were needed for cloture.[132]

In April 2015, Cruz stated “what I have been pressing is the Armed Services Committee” to hold hearings on whether service members should be allowed to carry concealed firearms on military bases.[133] He believes that service members should be better equipped to protect themselves from incidents like the Navy Yard and Fort Hood mass shootings.[133] He further added, “I think it’s very important to have a public discussion about why we’re denying our soldiers the ability to exercise their Second Amendment rights“.[133]

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, with which there were significant implementation problems,[134] Cruz stated, “Obamacare is a disaster. You have the well-publicized problems with the website. It just isn’t working.”[134] He called for Health and Human Services Secretary Kathleen Sebelius to resign.[134]

In 2014, some claim Cruz unintentionally 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,[135] though it has been reported Reid intended to push through the remaining confirmations of President Obama’s nominees regardless.[136]

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 Republicans should unite in upcoming Continuing Resolution negotiations to defund Obamacare and with regard to a potential government shutdown Cruz downplayed worries of the political risk to Republicans by citing the results of the 1996 midterm elections.[137][138]

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.[139][140] Cruz promised to keep speaking until he was “no longer able to stand”.[141] Cruz yielded the floor at noon the following day for the start of the proceeding legislative session after twenty-one hours nineteen minutes.[142] His speech was the fourth-longest in United States Senate history.[143] Following Cruz’s speech, the Senate voted 100–0 regarding a “procedural hurdle toward passing a stopgap funding bill to avert a government shutdown”.[144] Cruz was joined by 18 Republican senators in his effort to prevent stripping out a clause that would have defunded the Affordable Care Act by voting against the cloture motion, leaving the effort 21 votes short of the required number to deny cloture.[145]

Cruz is cited in the press as having been a major force behind the U.S. government shutdown in 2013.[146][147] 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.[148] Cruz stated Obamacare is causing “enormous harm” to the economy.[148] 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.”[147] 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.[149]

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.[150][151] After a deal was made to end the shutdown and extend the debt-ceiling deadline, Senate Republican leader Mitch McConnell called Cruz’s actions “not a smart play” and a “tactical error”,[152] 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?”[153] In March 2015, Cruz announced his wife would be taking an unpaid leave of absence and would no longer have access to health insurance through her employer, so they purchased private insurance rather than enter the health care exchange.[154]

Internet regulation

Cruz opposes net neutrality arguing that the Internet economy has flourished in the United States simply because it has remained largely free from government regulation.[155] He believes regulating the Internet will stifle online innovation and create monopolies.[156]He has expressed support for stripping the Federal Communications Commission (FCC) of its power under Section 706 of the Telecommunications Act of 1996,[155] and opposes reclassifying internet service providers as common carriers under Title II of theCommunications Act of 1934.[157]

Minimum wage

In 2015, Cruz opposed President Obama’s plan to raise the federal minimum wage to $10.10 per hour, stating that he believes it would cause large scale job loss.[158] When discussing whether or not to have a minimum wage in general, Cruz stated “I think the minimum wage consistently hurts the most vulnerable.”[158]

National Security Agency

Cruz has raised concerns that the National Security Agency has not been effective in its surveillance of potential terrorists while intruding needlessly into the lives of ordinary Americans.[159]

Social issues

Cruz is pro-life. The only exception to his pro-life views is “when a pregnancy endangers the mother’s life”.[160][161]

Cruz supports legally defined marriage as only “between one man and one woman,”[162] but believes that the legality of same-sex marriage should be left to each state to decide.[163] On February 10, 2015, Cruz re-introduced the State Marriage Defense Act.[164]Cruz opposes participation in gay pride marches, criticizing Dallas’ Republican mayor Tom Leppert, stating “When a mayor of a city chooses twice to march in a parade celebrating gay pride that’s a statement and it’s not a statement I agree with.”[165] He voted against reauthorizing the Violence Against Women Act, which included provisions to extend protection to lesbians, gays, immigrants, and Native Americans.[165] In a speech in Waukee, Iowa, Cruz said that “[t]here is a liberal fascism that is dedicated to going after believing Christians who follow the biblical teaching on marriage.”[166]

Cruz opposes the legalization of marijuana, but believes it should be decided at the state level.[167]

Taxes

Cruz advocates the abolition of the IRS, and implementing a flat tax “where the average American can fill out taxes on a postcard”.[168] He opposes the Marketplace Fairness Act, saying that it imposes a burdensome tax that will hurt competition by creating additional costs for internet-based businesses.[169]

Water

Cruz voted against the Water Resources Development Act of 2013, that would have created the National Endowment for the Oceans and authorize more than $26 billion in projects to be built by the Army Corps of Engineers, at least $16 billion of which would have come from federal taxpayers.[170][171] Cruz voted against the bill because it neglected “to reduce a substantial backlog of projects, to the detriment of projects with national implications, such as the Sabine-Neches Waterway“.[172] Cruz stated that the Corps’ responsibilities were expanded without providing adequate measures for state participation.[172] Proponents of the bill argued that it would provide steady funding to support research and restoration projects, funded primarily by dedicating 12.5% of revenues from offshore energy development, including oil, gas, and renewable energy, through offshore lease sales and production based royalty payments, distributed through a competitive grant program.[173]

Presidential campaign

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

Commentators have expressed their opinion that Cruz would run for President in 2016.[174][175][176] On March 14, 2013, Cruz gave the keynote speech at the 2013 Conservative Political Action Conference in Washington DC.[177] He came in tied for 7th place in the 2013 CPAC straw poll on March 16, winning 4% of the votes cast.[178] In October 2013, Cruz won the Values Voter Summit Presidential straw poll with 42% of the vote.[179] 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[180] and 43% of the vote at the Republican Party of Texas state convention.[181]

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.[182] Legal analyst Jeffrey Toobin describes Cruz as the first potential Presidential candidate to emphasize originalism as a major national issue.[50]

Since Cruz was born in Canada, commentators for the Austin American-Statesman[183] and the Los Angeles Times,[184] 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 outlined by the Nationality Act of 1940), most commentators believe Cruz is eligible to serve as President of the United States.[18][185][186][187]Despite many legal experts opinions to the contrary, conservative legal activist Larry Klayman, Orly Taitz, one of the leading proponents of the “birther” movement during Obama’s presidency, Joseph Farah of World Net Daily, and Donald Trump, have stated that Cruz is not a natural born citizen and thus not eligible to run for president.[188]

On April 12, 2014, Cruz spoke at the Freedom Summit, an event organized by Americans for Prosperity, and Citizens United.[189] The event was attended by several potential presidential candidates.[190] 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.[189]

On March 23, 2015, Cruz announced on his Twitter page: “I’m running for President and I hope to earn your support!”[191] He was the first announced major Republican presidential candidate for the 2016 campaign.[192][193]

HarperCollins published Cruz’s book A Time for Truth: Reigniting the Promise of America on June 30, 2015.[194] The book reached the bestseller list of several organizations in its first week of release.[195][196]

Personal life

Cruz with his wife Heidi at a rally in Houston, March 2015

Cruz married Heidi Nelson in 2001.[197] The couple has two daughters:[198] Caroline (born 2008) and Catherine (born 2011). Cruz met his wife while working on the George W. Bush presidential campaign of 2000. She is currently taking leave from her position as head of the Southwest Region in the Investment Management Division of Goldman, Sachs & Co. and previously worked in the White House for Condoleezza Rice and in New York as an investment banker.[199]

Cruz has said, “I’m Cuban, Irish, and Italian, and yet somehow I ended up Southern Baptist.”[1]

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.[200] In August 2013, after the Dallas Morning News pointed out that Cruz had dual Canadian-American citizenship,[187] he applied to formally renounce his Canadian citizenship and ceased being a citizen of Canada on May 14, 2014.[200][201]

Accolades

Rick Manning of Americans for Limited Government in The Hill, on December 27, 2013, named Cruz “2013 Person of the Year.”[202] 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.”[202]

Cruz was also named “2013 Man of the Year” by TheBlaze,[203] FrontPage Magazine[204] and The American Spectator,[205] “2013 Conservative of the Year” by Townhall.com,[206] “2013 Statesman of the Year” by the Republican Party ofSarasota County, Florida[207][208] and was a finalist in both “2013 Texan of the Year” by The Dallas Morning News[209] and a “2013 Person of the Year” finalist by Time.[210]

Electoral history

2012 Republican primary
Republican primary results, May 29, 2012[14]
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[14]
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[14]
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

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“They did not want to hear an off note,” de Larminat said.

The incident highlights how climate-change doubters tried and failed to alter the landmark papal document unveiled last week — one that saw the leader of 1 billion Catholics fuse faith and reason and come to the conclusion that “denial” is wrong.

It marked the latest blow for those seeking to stop the reform-minded train that has become Francis’s papacy. It is one that has reinvigorated liberal Catholics even as it has sowed the seeds of resentment and dissent inside and outside the Vatican’s ancient walls.

Yet the battle lost over climate change also suggests how hard it may be for critics to blunt the power of a man who has become something of a juggernaut in an institution where change tends to unfold over decades, even centuries. More than anything, to those who doubt the human impact of global warming, the position staked out by Francis in his papal document, known as an encyclical, means a major defeat.

“This was their Waterloo,” said Kert Davies, executive director of the Climate Investigations Center, who has been tracking ­climate-change deniers for years. “They wanted the encyclical not to happen. And it happened.”

Growth in the Internet of Things promises to transform life, work and industry.READ MORE

Papal advisers say Francis signaled his intent to draft a major document on the environment soon after assuming the throne of St. Peter in March 2013. His interest in the topic dates to his days as a bishop in Buenos Aires, where Francis, officials say, was struck by the effects of floods and unsanitary conditions on Argentine shantytowns known as “misery villages.”

In January, Francis officially announced his goal of drafting the encyclical — saying after an official visit to the Philippines that he wanted to make a “contribution” to the debate ahead of a major U.N. summit on climate change in Paris in December.

But several efforts by those skeptical of the scientific consensus on climate change to influence the document appear to have come considerably later — in April — and, maybe, too late.

In late April, the Chicago-based Heartland Institute, a free-market group that serves as a hub of skepticism regarding the science of human-caused global warming, sent a delegation to the Vatican. As a Heartland news release put it, they hoped “to inform Pope Francis of the truth about climate science: There is no global warming crisis!”

It was meant to coincide with the same April meeting that de Larminat was trying to attend. Heartland’s activists were not part of the invited contingent, either, Heartland communications director Jim Lakely said.

“It was a side event,” he said. “We were outside the walls of the Vatican. We were at a hotel — literally, I could throw a football into St. Peter’s Square.”

Seven scientists and other experts gave speeches at the Heartland event, raising doubts about various aspects of the scientific consensus on climate change, even as several also urged the pope not to take sides in the debate. It’s impossible to know how that influenced those in the Vatican working on the pope’s document — which one Vatican official said was at “an advanced stage.” But Lakely said his group did not see much of its argument reflected in the final document.

“We all want the poor to live better lives, but we just don’t think the solution to that is to restrict the use of fossil fuels, because we don’t think CO2 is causing a climate crisis,” Lakely said. “So if that’s our message in a sentence, that message was not reflected in the encyclical, so there you go.”

http://www.washingtonpost.com/world/europe/how-climate-change-doubters-lost-a-papal-fight/2015/06/20/86af3182-15ce-11e5-8457-4b431bf7ed4c_story.html

Read Pope Francis’s full document on Climate Change

n the 192-page paper released Thursday, the pope lays out the argument for a new partnership between science and religion to combat human-driven climate change — a position bringing him immediately into conflict with skeptics, whom he chides for their “denial.” And you can also read 10 key excerpts from Pope Francis’s encyclical on the environment.

http://www.washingtonpost.com/news/acts-of-faith/wp/2015/06/18/read-pope-franciss-full-document-on-climate-change/

Pope Francis, in Sweeping Encyclical, Calls for Swift Action on Climate Change

In his encyclical, read by a nun at the Vatican on Thursday, Francis focused on the harm climate change poses to the poor. CreditMax Rossi/Reuters

Francis has made it clear that he hopes the encyclical will influence energy and economic policy and stir a global movement. He calls on ordinary people to press politicians for change. Catholic bishops and priests around the world are expected to discuss the encyclical in services on Sunday. But Francis is also reaching for a wider audience, asking in the document “to address every person living on this planet.”

Even before the encyclical, the pope’s stance against environmental destruction and his demand for global action had already thrilled many scientists. Advocates of policies to combat climate change have said they hoped that Francis could lend a “moral dimension” to the debate.

“Within the scientific community, there is almost a code of honor that you will never transgress the red line between pure analysis and moral issues,” said Hans Joachim Schellnhuber, founder and chairman of the Potsdam Institute for Climate Impact Research. “But we are now in a situation where we have to think about the consequences of our insight for society.”

Francis has been sharply criticized by those who question or deny the established science of human-caused climate change, and also by some conservative Roman Catholics, who see the encyclical as an attack on capitalism and as political meddling.

Graphic: On Planet in Distress, a Papal Call to Action

Governments are now developing domestic climate-change plans to prepare for aUnited Nations summit meeting on the issue in Paris in December. The meeting’s goal is to achieve a sweeping accord in which every nation would commit to new policies to limit greenhouse-gas emissions. Many governments have yet to present plans, including major emitters like Brazil, which has a large Catholic population. The encyclical is seen as an unsubtle nudge for action.

“It gives a lot of cover to political and economic leaders in those countries, as they make decisions on climate change policy,” said Timothy Wirth, vice chairman of the United Nations Foundation.

Catholic theologians say the overarching theme of the encyclical is “integral ecology,” which links care for the environment with a notion already well developed in Catholic teaching: that economic development, to be morally good and just, must take into account people’s need for things like freedom, education and meaningful work.

“The basic idea is, in order to love God, you have to love your fellow human beings, and you have to love and care for the rest of creation,” said Vincent Miller, who holds a chair in Catholic theology and culture at the University of Dayton, a Catholic college in Ohio. “It gives Francis a very traditional basis to argue for the inclusion of environmental concern at the center of Christian faith.”

Photo

Metropolitan of Pergamon John Zizioulas, left, and Cardinal Peter Turkson presented the 184-page papal encyclical on Thursday.CreditAndrew Medichini/Associated Press

He added: “Critics will say the church can’t teach policy, the church can’t teach politics. And Francis is saying, ‘No, these things are at the core of the church’s teaching.’ ”

Francis tapped a wide variety of sources in his encyclical, partly to underscore the universality of his message. He cites passages from his two papal predecessors, John Paul II and Benedict XVI, and draws prominently from a religious ally, Patriarch Bartholomew I of Constantinople, leader of the Eastern Orthodox Church. He also cites a ninth-century Sufi mystic, Ali al-Khawas.

“This is not a correct interpretation of the Bible as understood by the Church,” Francis writes. The Bible teaches human beings to “till and keep” the garden of the world, he says. “ ‘Tilling’ refers to cultivating, plowing or working, while ‘keeping’ means caring, protecting, overseeing and preserving.”

His most stinging rebuke is a broad critique of profit-seeking and the undue influence of technology on society. He praises achievements in medicine, science and engineering, but says that “our immense technological development has not been accompanied by a development in human responsibility, values and conscience.”

Central to Francis’ theme is the link between poverty and the planet’s fragility. The pope rejects the belief that technology and “current economics” will solve environmental problems, or “that the problems of global hunger and poverty will be resolved simply by market growth.”

“A huge indictment I see in this encyclical is that people have lost their sense of ultimate and proper goals of technology and economics,” said Christiana Z. Peppard, an assistant professor of theology, science and ethics at Fordham University in New York. “We are focused on short-term, consumerist patterns.”

Encyclicals are letters to the clergy and laity of the church that are considered authoritative. Catholics are expected to try to sincerely embrace their teachings. But more specific assertions in them can be categorized as “prudential judgments,” a phrase that some critics have invoked to reject Francis’ positions on issues like climate change or economic inequality.

Many conservatives will be pleased with the encyclical’s strong criticism of abortion, and its dismissal of arguments that population control can be an answer to poverty. However, Francis sharply criticizes the trading of carbon credits — a market-based system central to the European Union’s climate policy — and says it “may simply become a ploy which permits maintaining the excessive consumption of some countries and sectors.”

Above all, Francis frames the encyclical as a call to action. He praises young people for being ready for change, and said “enforceable international agreements are urgently needed.” He cites Benedict in saying that advanced societies “must be prepared to encourage more sober lifestyles, while reducing their energy consumption and improving its efficiency.”

“All is not lost,” he writes. “Human beings, while capable of the worst, are also capable of rising above themselves, choosing again what is good, and making a new start.”

http://www.nytimes.com/2015/06/19/world/europe/pope-francis-in-sweeping-encyclical-calls-for-swift-action-on-climate-change.html?_r=0

The Scientific Pantheist Who Advises Pope Francis

The scientist who influenced Laudato Si, and who serves at the Vatican’s science office, seems to believe in Gaia, but not in God.

By ILLIAM M BRIGGS Published on June 22, 2015

1.4K432641
William M Briggs

St. Francis of Assisi’s hymn Laudato Si’ spoke of “Brothers” Sun and Fire and “Sisters” Moon and Water, using these colorful phrases figuratively, as a way of praising God’s creation. These sentimental words so touched Pope Francis that he named his encyclical after this canticle (repeated in paragraph 87 of the Holy Father’s letter).

Neither Pope Francis nor St. Francis took the words literally, of course. Neither believed that fire was alive and could be talked to or reasoned with or, worse, worshiped. Strange, then, that a self-professed atheist and scientific advisor to the Vatican named Hans Schellnhuber appears to believe in a Mother Earth.

Gaia

The Gaia Principle, first advanced by chemist James Lovelock (who has lately had second thoughts) and microbiologist Lynn Margulis in the 1970s, says that all life interacts with the Earth, and the Earth with all life, to form a giant self-regulating, living system.

This goes far beyond the fact that the Earth’s climate system has feedbacks, which are at the very center of the debate over climate change. In the Gaia Principle, Mother Earth is alive, and even, some think, aware in some ill-defined, mystical way. The Earth knows man and his activities and, frankly, isn’t too happy with him.

This is what we might call “scientific pantheism,” a kind that appeals to atheistic scientists. It is an updated version of the pagan belief that the universe itself is God, that the Earth is at least semi-divine — a real Brother Sun and Sister Water! Mother Earth is immanent in creation and not transcendent, like the Christian God.

What’s this have to do with Schellnhuber? In the 1999 Nature paper “‘Earth system’ analysis and the second Copernican revolution,” he said:

Ecosphere science is therefore coming of age, lending respectability to its romantic companion, Gaia theory, as pioneered by Lovelock and Margulis. This hotly debated ‘geophysiological’ approach to Earth-system analysis argues that the biosphere contributes in an almost cognizant way to self-regulating feedback mechanisms that have kept the Earth’s surface environment stable and habitable for life.

Geo-physiological, in case you missed it. Cognizant, in black and white. So dedicated is Schellnhuber to this belief that he says “the Gaia approach may even include the influence of biospheric activities on the Earth’s plate-tectonic processes.”  Not the other way around, mind you, where continental drift and earthquakes effects life, but where life effects earthquakes.

He elaborates:

Although effects such as the glaciations may still be interpreted as over-reactions to small disturbances — a kind of cathartic geophysiological fever — the main events, resulting in accelerated maturation by shock treatment, indicate that Gaia faces a powerful antagonist. Rampino has proposed personifying this opposition as Shiva, the Hindu god of destruction.

Mother Earth gets the flu and instead of white blood cells and a rise in temperature to fend off the infection, it sends white ice and a decrease in temperatures. How? Geophysiologically! I remind the reader that our author, writing in one of the world’s most prominent science journals, does not use these propositions metaphorically. He proposes them as actual mechanisms.

Schellnhuber echoes the theme of a cognizant, i.e. self-aware, planet in another (co-authored) 2004 paper in Nature 2004, “Climbing the co-evolution ladder,” suggesting again that mankind is an infection, saying that mankind “perturbs … the global ‘metabolism’” of the planet.

Tipping Points

Schellnhuber, a one-time quantum physicist who turned his attention to Mother Earth late in his career, was also co-author of a 2009 Proceedings of the National Academy of Sciences paper “Imprecise probability assessment of tipping points in the climate system,” which asked select scientists their gut assessment about the arrival of various “tipping points.” Tipping points are a theme of Schellnhuber’s research (see inter alia this and this).

Tipping points are supposed moments when some doom which might have been avoided if some action had been taken, is no longer possible to avoid and will arrive no matter what. Tipping points have come and gone in climate forecasts for decades now. The promised dooms never arrive but the false prophets never quit.  Their intent is less to forecast than to induce something short of panic in order to plead for political intervention. When the old tipping point is past, theorists just change the date, issue new warnings and hope no one will notice.

One of the tipping points Schellnhuber asked about was the melting of the Greenland ice sheet, depending on what the temperature did. All of the selected experts (who answered the questions in 2004 and 2005) gave moderate (~15-25%) to quite high probabilities (50-80%) for this event to have occurred by 2015. The ice did not melt.

Schellnhuber Michelangelo Gaia

Schellnhuber presented more tipping points to the Pontifical Academy of Sciences in 2014 in the co-authored paper, “Climate-System Tipping Points and Extreme Weather Events.” In that paper, Schellnhuber has a “scientific” graph with Michelangelo’s Sistine Chapel Adam “flicking” a planet earth over a methane tipping point, such that the earth would roll down into a fiery pit labeled the “Warming Abyss.” Hell on earth.

The Problem of People

Schellnhuber is most famous for predicting that the “carrying capacity” of the earth is “below” 1 billion people. When confronted with this, he called those who quoted him “liars.” But he then repeated the same claim, saying, “All I said was that if we had unlimited global warming of eight degrees warming, maybe the carrying capacity of the earth would go down to just 1 billion, and then the discussion would be settled.”  And he has often said that this temperature tipping point would be reached — unless “actions” were taken.

The man is suspicious of people. In that same interview he said, “If you want to reduce human population, there are wonderful means: Improve the education of girls and young women.” Since young women already know where babies come from, and since this knowledge tends neither to increase nor decrease population, the “education” he has in mind must be facts about how to avoid the consequences of sex. Austin Ruse discovered a 2009 talk in which Schellnhuber said the earth “will explode” due to resource depletion once the population reaches 9 billion, a number that the UN projects in 2050. Presumably he wants earth to avoid that fate, so he mustsupport the population control that Pope Francis so clearly repudiated in his encyclical.

Bad Religion

Confirmation bias happens when a scientist manipulates an experiment so that he gets the outcome he hoped he would get. When Schellnhuber invites only believers in tipping-points-of-doom to characterize their guesses of this doom, his view that the doom is real will be confirmed. And when he publishes a paper that says, “Scientists say world is doomed” the public and politicians believe it. Scientists skeptical of the doom are dismissed because they are skeptics. This isn’t good science. It’s really bad religion, and a pagan one at that.

Global warming research is characterized by an insider’s club. If you believe, you’re in. If you doubt, you’re out. This is also so at the Pontifical Academies of Science where Schellnhuber was appointed by Bishop Marcelo Sanchez Sorondo. The bishop locked scientists with contrary views out of the process, scientists he has repeatedly dismissed as “funded by the oil industry.” Given this, how likely is it that the Holy Father was fully aware of the views of the chief scientist who advised him?

https://stream.org/scientific-pantheist-who-advises-pope-francis/

Background Articles and Videos

An Honest IPCC Scientist Tackles ‘ClimateGate’

Nongovernmental International Panel on Climate Change

“…On June 2, as Congress debated global warming legislation that would raise energy costs to consumers by hundreds of billions of dollars, the Nongovernmental International Panel on Climate Change (NIPCC) released an 880-page book challenging the scientific basis of concerns that global warming is either man-made or would have harmful effects.

In “Climate Change Reconsidered: The 2009 Report of the Nongovernmental International Panel on Climate Change (NIPCC),” coauthors Dr. S. Fred Singer and Dr. Craig Idso and 35 contributors and reviewers present an authoritative and detailed rebuttal of the findings of the United Nations’ Intergovernmental Panel on Climate Change (IPCC), on which the Obama Administration and Democrats in Congress rely for their regulatory proposals.

The scholarship in this book demonstrates overwhelming scientific support for the position that the warming of the twentieth century was moderate and not unprecedented, that its impact on human health and wildlife was positive, and that carbon dioxide probably is not the driving factor behind climate change.

The authors cite thousands of peer-reviewed research papers and books that were ignored by the IPCC, plus additional scientific research that became available after the IPCC’s self-imposed deadline of May 2006.

The Nongovernmental International Panel on Climate Change (NIPCC) is an international panel of nongovernment scientists and scholars who have come together to understand the causes and consequences of climate change. Because it is not a government agency, and because its members are not predisposed to believe climate change is caused by human greenhouse gas emissions, NIPCC is able to offer an independent “second opinion” of the evidence reviewed by the Intergovernmental Panel on Climate Change (IPCC). …”

http://www.climatechangereconsidered.org/

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Thomas Barnett: Rethinking America’s military strategy

In this bracingly honest and funny talk, international security strategist Thomas P.M. Barnett outlines a post-Cold War solution for the foundering US military: Break it in two. He suggests the military re-form into two groups: a Leviathan force, a small group of young and fierce soldiers capable of swift and immediate victories; and an internationally supported network of System Administrators, an older, wiser, more diverse organization that actually has the diplomacy and power it takes to build and maintain peace.

Wikistrat’s “The World According to Tom Barnett” 2011 brief, Pt 1 (Pentagon’s new map)

Wikistrat’s “The World According to Tom Barnett” 2011 brief, Pt 2 (Flow of People)

Wikistrat’s “The World According to Tom Barnett” 2011 brief, Pt 3 (Flow of Money)

Wikistrat’s “The World According to Tom Barnett” 2011 brief, Pt 4 (Flow of Energy)

Wikistrat’s “The World According to Tom Barnett” 2011 brief, Pt 5 (Flow of Food)

Wikistrat’s “The World According to Tom Barnett” 2011 brief, Pt 6 (Flow of Security)

Wikistrat’s “The World According to Tom Barnett” 2011 brief, Pt 7 (Q&A – Religion )

Wikistrat’s “The World According to Tom Barnett” 2011 brief, Pt 8 (Q&A – Global Economic Crisis)

Wikistrat’s “The World According to Tom Barnett” 2011 brief, Pt 9 – Final (Q&A – U.S. Allies)

Conversations with History: Thomas P.M. Barnett

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Part 3 of 3: An American Renaissance, The Road To Peace and Prosperity: Faith, Family, Friends, and Freedom ~ First — Videos

Posted on June 11, 2015. Filed under: Agriculture, American History, Babies, Banking, Blogroll, Books, Business, College, Communications, Constitution, Corruption, Economics, Education, Employment, Energy, Faith, Family, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, Freedom, government, government spending, history, Inflation, Investments, IRS, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Music, Natural Gas, Natural Gas, Non-Fiction, Nuclear Power, Oil, Oil, People, Philosophy, Photos, Police, Politics, Press, Psychology, Radio, Rants, Raves, Regulations, Resources, Talk Radio, Tax Policy, Taxation, Taxes, Unemployment, Video, War, Wealth, Weather, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 475 June 1, 2015

Pronk Pops Show 474 May 29, 2015

Pronk Pops Show 473 May 28, 2015

Pronk Pops Show 472 May 27, 2015

Pronk Pops Show 471 May 26, 2015

Pronk Pops Show 470 May 22, 2015

Pronk Pops Show 469 May 21, 2015

Pronk Pops Show 468 May 20, 2015 

Pronk Pops Show 467 May 19, 2015

Pronk Pops Show 466 May 18, 2015

Pronk Pops Show 465 May 15, 2015

Pronk Pops Show 464 May 14, 2015

Pronk Pops Show 463 May 13, 2015

Pronk Pops Show 462 May 8, 2015

Pronk Pops Show 461 May 7, 2015

Pronk Pops Show 460 May 6, 2015

Pronk Pops Show 459 May 4, 2015 

Pronk Pops Show 458 May 1, 2015 

Pronk Pops Show 457 April 30, 2015 

Pronk Pops Show 456: April 29, 2015 

Pronk Pops Show 455: April 28, 2015

Pronk Pops Show 454: April 27, 2015

Pronk Pops Show 453: April 24, 2015

Pronk Pops Show 452: April 23, 2015 

Pronk Pops Show 451: April 22, 2015

Pronk Pops Show 450: April 21, 2015

Pronk Pops Show 449: April 20, 2015

Pronk Pops Show 448: April 17, 2015

Pronk Pops Show 447: April 16, 2015

Pronk Pops Show 446: April 15, 2015

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

 Story 1, Part 3 of 3: An American Renaissance, The Road To Peace and Prosperity: Faith, Family, Friends, and Freedom ~ First — Videos

Part 3

Controlling Leviathan: The Battle for Limited Government

Question and Answer Session: The Fight Against Big Government

Free Markets and Small Government Produce Prosperity

Visualizing the growth of federal regulation since 1950

Eight Reasons Why Big Government Hurts Economic Growth

Milton Friedman On John Maynard Keynes

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

Keynes the Man: Hero or Villain? | Murray N. Rothbard

There Are too Many Bureaucrats and They Are Paid too Much

government-employees-by-level-by-year2All-Employees-of-U.S.-GovernmentFederal-of-Workforce-1939-2013101207-federal-employees-chart

TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

Can We Eliminate the Department of Education? (Charles Murray)

Downsizing the Federal Government

Agriculture: Downsizing The Federal Government

Downsize the Department of Agriculture

Downsize the Department of Education

Downsize the Department of Energy

Downsize the Department of Health and Human Services

Downsize the Department of Labor

Ron Paul Lecture – “The Great Enabler: The Rise of the Federal Reserve and the Growth of Government”

“How the Federal Bureaucracy Undermines American Liberty”

Want Less Corruption? Shrink the Size of Government

Big Government Is Stifling The American Spirit- Intelligence Squared U.S.

Richard Epstein, The Classical Liberal Constitution

Milton Friedman – Whats wrong with welfare?

The Classical Liberal Constitution by Richard Epstein: Book Discussion

The Classical Liberal Constitution: The Uncertain Quest for Limited Government
by Richard Epstein

The Classical Liberal Constitution: Panel 1: Constitutional Structure

The Classical Liberal Constitution: Panel 2: Individual Rights

The Classical Liberal Constitution: Panel 3: Constitutional Methodology

United States federal executive departments

From Wikipedia, the free encyclopedia

The United States federal executive departments are among the oldest primary units of the executive branch of the federal government of the United States—the Departments of State, War, and the Treasury all having been established within a few weeks of each other in 1789.

Federal executive departments are analogous to ministries common in parliamentary or semi-presidential systems but, with the United States being a presidential system, their heads otherwise equivalent to ministers, do not form a government (in a parliamentary sense) nor are they led by a head of government separate from the head of state. The heads of the federal executive departments, known as secretaries of their respective department, form the traditional Cabinet of the United States, an executive organ that serves at the disposal of the president and normally act as an advisory body to the presidency.

Since 1792, by statutory specification, the cabinet constituted a line of succession to the presidency, after the Speaker of the House and the president pro tempore of the Senate, in the event of a vacancy in both the presidency and the vice presidency. The Constitution refers to these officials when it authorizes the President, in Article II, section 2, to “require the Opinion, in writing, of the principal Officer in each of the executive Departments, upon any Subject relating to the Duties of their respective Offices.” In brief, they and their organizations are the administrative arms of the President.

Executive Departments of the present

All departments are listed by their present-day name and only departments with past or present cabinet-level status are listed. Order of succession has always included the Vice President (1) as the first in line; at times – including presently – the Speaker of the House (2) and the President pro tempore of the Senate (3) have also been included.

Department Creation Order of
succession
Notes 2009 Outlays
in billions
of dollars
Employees
State 1789[1] 4 Initially named “Department of Foreign Affairs”. 16.39 18,900
Treasury 1789[2] 5 19.56 115,897
Justice 1870[3] 7 Position of Attorney General created in 1789, but had no department until 1870 46.20 112,557
Interior 1849[4] 8 90.00 71,436
Agriculture 1862[5] 9 134.12 109,832
Commerce 1903[6] 10 Originally named Commerce and Labor; Labor later separated 15.77 43,880[7]
Labor 1913[8] 11 137.97 17,347
Defense 1947[9] 6 Initially named “National Military Establishment” 1947-49. Created as a subsuming—from executive to sub-executive status—of the Departments of The Navy and War (which split into the Departments of the Army and Air Force). 651.16 3,000,000
Health and Human Services 1953[8] 12 Originally named Health, Education, and Welfare; Education later separated 879.20 67,000
Housing and Urban Development 1965[10] 13 40.53 10,600
Transportation 1966[11] 14 73.20 58,622
Energy 1977[12] 15 24.10 109,094
Education 1980[13] 16 45.40 4,487
Veterans Affairs 1989[14] 17 Formerly an independent agency as the Veterans Administration 97.70 235,000
Homeland Security 2002[15] 18 40.00 208,000
Total outlays, employees:         $2,311.30B 4,193,144

Seals

Executive Departments of the past

Department Dates of Operation Notes
Department of War 1789–1947 Renamed Department of the Army in 1947
Post Office Department 1792–1971 Reorganized as quasi-independent agency, United States Postal Service
Department of Commerce and Labor 1903–1913 Divided between Department of Commerce and Department of Labor
Department of the Army 1947–1949 From 1947-1949, these departments were executive departments with non-cabinet level secretaries who reported to the civilian Secretary of Defense with cabinet rank but no department. From 1949 on, they were Military Departments within the Department of Defense[16]
Department of the Navy 1798–1949
Department of the Air Force 1947–1949
Department of Health, Education, and Welfare 1953–1979 Divided between Department of Health and Human Services and Department of Education

See also

Notes

  1. Jump up^ “Office of the Historian – Milestones – 1776-1783 – Articles of Confederation”. History.state.gov. Retrieved 2012-12-29.
  2. Jump up^ “History”. Treasury.gov. 2012-10-22. Retrieved 2012-12-29.
  3. Jump up^ “USDOJ: About DOJ”. Justice.gov. 2009-09-30. Retrieved 2012-12-29.
  4. Jump up^ “History of Interior”. Doi.gov. Retrieved 2012-12-29.
  5. Jump up^ http://www.usda.gov/documents/timeline.pdf
  6. Jump up^ “Secretaries | Department of Commerce”. Commerce.gov. Retrieved2012-12-29.
  7. Jump up^ “Department of Commerce FY 2009 Budget in Brief”. Osec.doc.gov. Retrieved2012-12-29.
  8. ^ Jump up to:a b “The U.S. Department of Labor Historical Timeline – U.S. Department of Labor”. Dol.gov. Retrieved 2012-12-29.
  9. Jump up^ “About The Department of Defense (DOD)”. Defense.gov. Retrieved2012-12-29.
  10. Jump up^ “HUD History/U.S. Department of Housing and Urban Development (HUD)”. Portal.hud.gov. Retrieved 2012-12-29.
  11. Jump up^ [1][dead link]
  12. Jump up^ “Department of Energy Organization Act” (PDF). U.S. Department of the Interior. U.S. Bureau of Reclamation. Retrieved August 4, 1977. Check date values in: |accessdate= (help)
  13. Jump up^ “Overview and Mission Statement | U.S. Department of Education”. .ed.gov. Retrieved 2012-12-29.
  14. Jump up^ Department of Veterans Affairs. “History – VA History – About VA”. Va.gov. Retrieved 2012-12-29.
  15. Jump up^ “Creation of the Department of Homeland Security | Homeland Security”. Dhs.gov. Retrieved 2012-12-29.
  16. Jump up^ Stewart, Richard W., ed. (2005). “Chapter 24: Peace Becomes Cold War, 1945-1950”. American Military History. Army Historical Series II. United States Army. pp. 531–533. Retrieved 2011-03-23.

References

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

Part 2

US Debt Clock.org

http://www.usdebtclock.org/

Ep. 12: AN ANIMATED FILM ON THE DEBT & THE DEFICIT | Marshall Curry

US Debt Crisis – Perfectly Explained

The Collapse of The American Dream Explained in Animation

George Carlin on the American Dream

chart

The bar chart comes directly from the Monthly Treasury Statement published by the U. S. Treasury Department..The “Debt Total” bar chart is generated from the Treasury Department’s “Debt Report” found on the Treasury Direct web site. It has links to search the debt for any given date range, and access to debt interest information. It is a direct source to government provided budget information.

“Deficit” vs. “Debt”—Suppose you spend more money this month than your income. This situation is called a “budget deficit”. So you borrow (ie; use your credit card). The amount you borrowed (and now owe) is called your debt. You have to pay interest on your debt. If next month you spend more than your income, another deficit, you must borrow some more, and you’ll still have to pay the interest on your debt (now larger). If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don’t have any money left over for anything else. This situation is known as bankruptcy.

“Reducing the deficit” is a meaningless soundbite. If theDEFICIT is any amount more than ZERO, we have to borrow more and the DEBT grows.

Each year since 1969, Congress has spent more money than its income. The Treasury Department has to borrow money to meet Congress’s appropriations. Here is a direct link to the Congressional Budget Office web site’s deficit analysis. We have to pay interest* on that huge, growing debt; and it dramatically cuts into our budget.

2016-budget-chart-spending-revenue-percent-of-gdp

 federal-government-spending-problem-680

where-did-your-tax-dollar-go-680budget-entitlement-programs-680 spending-cuts-680federal-spending-per-household-680 national-defense-spending-680 americas-deficit-federal-spending-680senate_budget_deficits social-security-benefit-payments-680

Sen Rand Paul on Baseline Budgeting

Ending Baseline Budgeting | House GOP Twitter Response

2014 U.S. Federal Budget: Taxes & Revenue

2014 U.S. Federal Budget: Budget Process

2014 U.S. Federal Budget: Social Insurance, Earned Benefits, & Entitlements

2014 U.S. Federal Budget: Debt and Deficit

US Congress has raised the debt ceiling 78 times since 1960

Baseline Budgeting

Rep. Louie Gohmert Applauds The Baseline Reform Act

Baseline Budgeting Explained

Underwhelming Spending Cuts from Congress and Obama

Understanding the National Debt and Budget Deficit

Part 1

fairtax

fair_tax_factst

FairTax: Fire Up Our Economic Engine (Official HD)

The FairTax: It’s Time

Flat Tax vs. National Sales Tax

Dan Mitchell Discussing Federal Tax Burden on CNBC

Eight Reasons Why Big Government Hurts Economic Growth

Dan Mitchell Explaining How Government Screws Up Everything

What is the FairTax legislation?

Cato Institute Senior Fellow Daniel J. Mitchell

How does the FairTax rate compare to today’s?

What assumptions does the FairTax make about government spending?

How does the FairTax rate compare to today’s?

Is the FairTax truly progressive?

How does the “prebate” work?

Will the prebate create a massive new entitlement system?

Wouldn’t it be more fair to exempt food and medicine from the FairTax?

Is it fair for rich people to get the same prebate as poor people?

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

How does the FairTax impact the middle class?

Why is the FairTax better than a flat income tax?

Is the FairTax rate really 23%?

Is consumption a reliable source of revenue?

How does the FairTax affect compliance costs?

Isn’t it a stretch to say the IRS will go away?

Can I pretend to be a business to avoid the sales tax?

How does the FairTax affect tax preparers and CPAs?

Are any significant economies funded by a sales tax?

How will the FairTax affect state sales tax systems?

Can’t Americans just cross the border to avoid the FairTax

How will Social Security payments be calculated under the FairTax?

Will the FairTax impact tax deferred retirement accounts like 401(k)s?

How will the FairTax® make the tax system fair for everyone?

What’s the difference between the FairTax® and the income tax?

How will the FairTax® help me save money?

Why Should Grandparents support FairTax®?

Congressman Woodall Discusses the FairTax

“The Case for the Fair Tax”

Freedom from the IRS! – FairTax Explained in Detail

John Stossel speaks to the Fair Tax Rally

Sen. Moran Discusses FairTax Legislation on U.S. Senate Floor

Mind blowing speech by Robert Welch in 1958

Robert Welch Speaks: In One Generation (1974)

comparison

GOP Taxonomy: The Flat Taxers and the Fair Taxers

by Aman Batheja

During his last run for president, Rick Perry often pulled a postcard out of his jacket pocket.

“The best representation of my plan is this postcard, which taxpayers will be able to fill out to file their taxes,” Perry said.

While Perry proposed an optional 20 percent flat tax on all income levels, the other Texan running that cycle, Ron Paul, wanted to get rid of the income tax altogether. The former Surfside congressman sometimes suggested replacing it and other federal taxes with a sales tax, a concept often described as the Fair Tax.

As the 2016 landscape begins taking shape, potential Republican candidates are suggesting an interest in being both flat and fair, embracing some version of Perry’s 2012 proposal as the first step toward reaching Paul’s ideal.

Take U.S. Sen. Ted Cruz, R-Texas, whose talk on taxes has sounded strikingly similar to Perry’s at times.
“We should let taxes become so simple that they could be filled out on a postcard,” Cruz wrote in a column for USA Today in October.

Yet while Cruz has called for converting the country’s progressive income tax system to a flat tax, his office confirmed that the Fair Tax is his long-term goal.

“The senator supports a Fair Tax, ultimately,” spokeswoman Catherine Frazier said. “However, the most immediate, effective way to implement comprehensive tax reform is to pass a simple flat tax — so simple that Americans can file on a postcard. This should be the starting point for reform, and once it’s in place we should pursue a Fair Tax.”

Another presidential contender, U.S. Sen. Rand Paul, R-Ky., has also voiced support for a flat tax, but still prefers the vision of his libertarian father, Ron Paul.

“I’ve never said I don’t support a sales tax,” Rand Paul told The Texas Tribune recently while in Dallas. He explained that he viewed moving the federal tax system to a flat tax as “an easier concept to get through a legislature because you’re modifying the existing code.”

More broadly, Rand Paul said he was interested in stimulating economic growth by reducing the federal taxes overall.

“We’ve kind of lost that argument in recent years because many Republicans, including many in Washington, now simply argue for revenue neutral tax reform, which stimulates nothing,” Paul said.

For former Arkansas Gov. Mike Huckabee, those talking about the flat tax as a bridge to the Fair Tax are missing the point.
“Gov. Huckabee has said many times the Fair Tax is a flat tax, but it’s based on consumption rather than on punishing our productivity,” spokeswoman Alice Stewart said.

Another potential presidential contender, former Florida Gov. Jeb Bush, delivered a speech on taxes and income inequality this week in Detroit that reportedly included support for simplifying the tax code, but did not include specific policy proposals.

Critics of both flat tax and Fair Tax proposals dismiss them as regressive plans that would amount to tax cuts for higher-income households while increasing the tax burden on middle-class households. But conservatives argue that dramatically simplifying the tax code, or moving to a tax system focused more on consumption than earnings, would be more transparent, simpler and better for the economy in the long run.

Cal Jillson, a political science professor at Southern Methodist University, said discussion of flat taxes and consumption taxes works well politically with Republican voters, but described them as “pie-in-the-sky, no-way-in-hell” proposals that won’t ever muster enough support in Congress.

“When you talk about tax reform in an environment that is politically polarized as ours, it’s hard to see how you get majority support, let alone a bipartisan package that could be taken to the public by both parties,” Jillson said. “It’s a way of saying, ‘I have no sense of doing anything practical.’ ”

While Cruz and Rand Paul have already signaled their positions, Perry, who has been meeting with dozens of policy experts to prepare for a second White House run, may end up tweaking his earlier flat tax plan.

“He supports simplifying the tax code, lowering rates for working families, and closing loopholes,” spokeswoman Lucy Nashed said. “Gov. Perry is continuing to work on policy proposals and will announce specific ideas at the appropriate time.”

http://www.texastribune.org/2015/02/08/flat-tax-fair-tax/

National Review: The FairTax Makes a Comeback

by: Ryan Lovelace

Republican senator David Perdue of Georgia sounds an awful lot like President Obama when he describes his plan to overhaul the tax code, which would repeal federal taxes and replace them with a consumption tax known as the “FairTax.”

“[The FairTax] really levels the playing field in that regardless of who you are, where you are, you’ll pay your fair share, and it will be the same amount,” Perdue tells NRO. “It will be equitable.”

Perdue couches his description of the FairTax in rhetorical terms — “levels the playing field,” “pay your fair share,” “equitable” — that could’ve come straight out of Obama’s State of the Union address, and that’s no accident. Whatever the political prospects of the proposal — it has failed over and over again when proposed in the past, and it is expected to meet a similar fate this time around — it could allow the GOP to seize the mantle of economic populism from the Democrats, and, in so doing, to “win” tax reform in the eyes of voters. That’s important, because tax-reform legislation is one of the few big, ostensibly bipartisan efforts the new Congress is expected to undertake, and the scramble to take credit for it ahead of the 2016 presidential election will be fierce.
The FairTax legislation put forward in the Senate by Perdue, his fellow Georgia Republican Johnny Isakson, and their colleague Jerry Moran (R., Kan.), was written with 2016 in mind. Perdue says that on Tuesday, before listening to Obama announce his desire to raise taxes once again, he and Isakson discussed the importance of their work in influencing the debate on tax reform. Perdue — the successful manager known for his ability to turn around businesses and revive brands – says he hopes to help move 2016 GOP presidential candidates in the direction of the FairTax.

The proposal itself is relatively simple: It would eliminate all federal income, payroll, gift, and estate taxes, and replace them with a 23 percent national sales tax. In addition to making the U.S. economy more competitive on a global scale and putting people back to work, the plan would strip the IRS of its ability to interfere in the lives of ordinary Americans, according to the conservative freshman from Georgia. Other longtime proponents of the idea agree, and argue that by replacing a system that taxes an individual’s earnings with one that exclusively taxes that same individual’s spending, it would allow each citizen the freedom to determine his own tax burden.

Perdue’s hopes for 2016 notwithstanding, the FairTax has not been a winning issue in past Republican presidential primaries. A number of GOP primary candidates, from Mike Huckabee in 2008 to Herman Cain in 2012, have failed to win the nomination while championing the proposal. And it will still be a loser come 2016, says Ryan Ellis, the  tax-policy director at Grover Norquist’s Americans for Tax Reform. “If this thing [the FairTax] was going to catch on as the next great hot thing, it would have,” Ellis says. “It’s not a practical tax-reform plan for governing, it’s something that people wish, aspirationally, they could put out there.”

The tax-reform proposals with the best chance of succeeding in Congress — and helping Republican candidates win in 2016 — are those that move incrementally toward the FairTax’s goals without overhauling the system in one fell swoop, Ellis says. Such proposals would likely combine some of the FairTax’s reforms — such as repealing the death tax and capital-gains taxes — with measures aimed at broadening the tax base of higher-income individuals. The winning formula to achieve fundamental tax reform, according to Ellis, is a plan that is pro-growth, pro-family, and “paid for by, as much as you can, rich guys.”

But those who warn that the FairTax lacks political viability only give more motivation to Rob Woodall (R., Ga.), the lead sponsor of FairTax legislation in the House of Representatives.

“That’s what I love about this bill: Washington hates this bill,” Woodall says. “There are all sorts of forces in town that discourage this kind of giant reform, but it’s being marketed at a grassroots level.”

Woodall’s Georgia district has a history of electing FairTax proponents to Congress. Woodall’s seat was previously occupied by John Linder, a tireless champion who first introduced the FairTax bill in 1999, and reintroduced it in each new Congress until he retired in 2011. He never succeeded in changing the law, but he did quite a bit to build support in his home state.

As Americans for Fair Taxation president Steve Hayes tells it, Atlanta-based radio talk-show host Neal Boortz is largely responsible for getting the idea off the ground. Boortz wrote The FairTax Book with Linder and trumpeted his support for the reform to a southeastern audience who readily took to the idea. Hayes’s organization works to garner more support for the idea across the United States.

The “power base” of the FairTax proposal has moved out of the Southeast and into the Midwest, Woodall says. Moran’s support as a lead co-sponsor has helped the idea gain traction in Kansas. A top Moran aide who worked on the FairTax bill tells NRO that Moran began laying the groundwork to lead on this issue last year, as former Georgia senator Saxby Chambliss was preparing to retire. Chambliss was a staunch supporter of the FairTax, and the aide says the two offices worked behind the scenes to ensure that the push for tax reform would live on. Woodall thinks the geographical shift in support will help the idea flourish in California and the Northwest. Moreover, he wants to gather supporters in key 2016 Republican-primary states and grow grassroots support in order to influence the GOP’s agenda.

But the effort to sell the FairTax primarily to devoted conservatives has left others in the dark as to its possible benefits. Laurence Kotlikoff, an economics professor at Boston University, has studied the FairTax and thinks it is a more progressive proposal than people realize. Kotlikoff says lawmakers’ lack of experience in public finance has led to a misunderstanding of the FairTax. He adds that he thinks Democratic minority leader Nancy Pelosi might even come around to the idea, if she realized that it would help some of the people she purports to care about most: workers.

After years toiling under former Senate majority leader Harry Reid (D., Nev.), some conservatives have grown excited by the Senate’s movement on this issue. The Moran staffer thinks a total of 10 or 11 senators may ultimately support the proposal, including new members and others who have changed their minds. The number of original co-sponsors of the FairTax in the House has increased during each of the last three Congresses, peaking this year with 57 total supporters.

Barring an unforeseen shift in Congress’s priorities, though, the FairTax appears doomed to fail yet again. Woodall knows the effort is ill-fated, and says he won’t look someone in the eye and tell them that a GOP-led Congress will put the FairTax on the president’s desk — or that the president would ever sign it. For the time being, his goal is more modest: He hopes to harness the relatively small but growing support for the proposal, and to take its message to voters across the country, showing his fellow Republicans that populist economic policies can win back the White House in 2016.

“This is a mission to change the way people think about the tax code,” he says. “It’s kind of a crazy idea until you look at it and you say, ‘Golly, why haven’t we done that already?’ Because we know that we can’t win Washington until we win the American voter across the country.” –

https://fairtax.org/articles/the-fairtax-makes-a-comeback

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 473-475

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Breaking News — Tsarnaev Sentenced To Death — Bring Back Prompt Public Executions — Hillary Clinton’s War On Babies A Woman’s Right To Kill Her Baby In The Womb — We Need To Kill More Black Babies? — Black Genocide and Eugenics Through Planned Parenthood — Videos

Posted on May 21, 2015. Filed under: American History, Articles, Babies, Blogroll, British History, Business, Catholic Church, Communications, Constitution, Coptic Christian, Corruption, Culture, Demographics, Diasters, Documentary, Economics, Education, European History, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Food, Freedom, Friends, Genocide, government, government spending, history, Homes, IRS, Islam, Language, liberty, Life, Links, Literacy, media, Medicine, Middle East, Music, Music, People, Philosophy, Photos, Police, Politics, Press, Psychology, Quotations, Radio, Rants, Raves, Regulations, Religion, Religious, Religious, Reviews, Science, Speech, Talk Radio, Tax Policy, Taxes, Technology, Video, War, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Pronk Pops Show 465 May 15, 2015

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Story 1: Breaking News — Tsarnaev Sentenced To Death — Bring Back Prompt Public Executions — Hillary Clinton’s War On Babies A Woman’s Right To Kill Her Baby In The Womb — We Need To Kill More Black Babies? — Black Genocide and Eugenics Through Planned Parenthood — Videos

Abortion — Killing Babies in The Womb

“it’s not enough to legalize the procedure.

Far too many women are denied access to reproductive health care and safe childbirth, and laws don’t count for much if they’re not enforced.

And deep-seated cultural codes, religious beliefs and structural biases have to be changed.’

~ Hillary Clinton

I admire Margaret Sanger enormously, her courage, her tenacity, her vision,”

“I am really in awe of her, there are a lot of lessons we can learn from her life”

~ Hillary Clinton

Boston Marathon bomber Dzhokhar Tsarnaev sentenced to death

Boston Bomber Dzhokhar Tsarnaev Sentenced to Death

Boston Marathon Bomber “Dzhokhar Tsarnaev” Gets Death Penalty!

WestVirginia @150 – The Last Public Hanging in West Virginia 1897

Execution of N. Korea defense chief shows cruelty of regime: U.S. State Department

Hillary Clinton Says Religious Beliefs About Abortion Have to be Changed

Would Girl Scouts Want Cookie Ovens Heated with Aborted Kids?

Eugenics, Planned Parenthood & Psychology, Mind Control

Sex Control Police State, Eugenics, Galton, Kantsaywhere, Mind Control Report

The American Eugenics Society and Adolf Hitler: Making the blueprint for a genetic revolution

PJTV — Forgotten Newsreel History: Margaret Sanger Declaring ‘No More Babies’

Margaret Sanger, Planned Parenthood’s Racist Founder

Dr Angela Franks- Planned Parenthood:Everything You Didn’t Know

Hillary Clinton admires Margaret Sanger’s Planned Parenthood

Beck Reveals Hillary’s Misinformation About Margaret Sanger (Eugenics) & Thomas Jefferson (Slaves)

Planned Parenthood Exposed

The “exterminator” Planned Parenthood and Margaret Sanger

VERY REVEALING Margaret Sanger Interview MUST SEE ! PLANNED PARENTHOOD

Abortion and Black Genocide (Barack Obama and the Negro Project)

Eugenics in America: Then & Now

Eugenics Glenn Beck w/ Edwin Black author of “War Against the Weak” talk Al Gore & Margaret Sanger

EUGENICS! PLANNED PARENTHOOD’s ROOTS &Socialism’s Ideology

MAAFA 21 [A documentary on eugenics and genocide]

American Eugenics movement, the truth is here, must see!

Scientific Racism The Eugenics of Social Darwinism

Harvest of Despair Soviet Communism engineered Ukraine Famine Genocide 1933)

USSR, The Genocidal Communist Empire (FULL video)

The Bloody History of Communism Full

BBC’s World at War- The Final Solution part 1

BBC’s World at War- The Final Solution part 2

Mao’s Bloody Revolution

Mao’s Great Famine HDTV great leap foward, history of china

Stephanopoulos Discloses $75K Donation To Clinton Foundation

Peter Schweizer This Week Abc Stephanopoulos Challenges Clinton Cash Author Is There a Smoking Gun

George Stephanopoulos Apologizes on ‘GMA’ For Not Disclosing Clinton Foundation Donations

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Three Reasons: The War Room

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THE WAR ROOM with D.A. Pennebaker

Marvin Gaye “What’s Going On – What’s Happening Brother”

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Hillary Clinton’s keynote address at the 2015 Women in the World Summit

The presidential hopeful made her sixth appearance at the Women in the World Summit with a keynote address that challenged viewers to be champions for change.

Tsarnaev sentenced to death

By Milton J. Valencia, Patricia Wen, Kevin Cullen, John R. Ellement and Martin Finucane
Dzhokhar Tsarnaev was sentenced to death Friday for his role in the 2013 Boston Marathon bombing, the terror attack on the finish line of the storied race that killed three people and injured more than 260 others.

Tsarnaev, 21, had been convicted last month in US District Court in Boston of 17 charges that carried the possibility of the death penalty.

The death sentence handed down Friday by the seven-woman, five-man jury came at the end of a lengthy, high-profile trial. Tsarnaev, who had taken a sharp turn from hopeful immigrant college student to radical jihadist, also was convicted in the murder of a police officer.

The April 15, 2013, bombing was one of the worst terror attacks in the United States since Sept. 11, 2001.

Wearing a blazer and a collared shirt, Tsarnaev, as has been his habit for most of the trial, had no expression as a court clerk read the verdict sentencing him to death. The jury took 14 1/2 hours over three days to render its decision on the penalty.

View Story
Explore the evidence from the trial
A look at the witnesses, evidence, and key players in the trial.
Tsarnaev sentencing verdict form
Live updates from the courtroom

US District Judge George A. O’Toole Jr. will impose the sentence at a hearing where Tsarnaev’s victims will be able to confront him and he also has the option of addressing the court.

After the verdict was announced, O’Toole told jurors, at least three of whom wiped away tears, “You should be justly proud of your service in this case.”

Those in the courtroom included Bill and Denise Richard, parents of 8-year-old Martin Richard of Dorchester, the youngest victim of the attack. Despite the devastating impact on their family, the Richards had called for life in prison, rather than death, for Tsarnaev.

Federal prosecutors said Tsarnaev was a remorseless self-radicalized terrorist who had participated in the bombing to make a political statement. Defense attorneys, seeking to save Tsarnaev’s life, portrayed him as the puppy dog-like follower of his troubled, violence-prone older brother, Tamerlan, who became obsessed with waging jihad and died in a firefight with police.

The jurors decided Dzhokhar Tsarnaev should be sentenced to death for the people he was found directly responsible for killing when he placed one of the two homemade pressure cooker bombs: Martin Richard and 23-year-old Boston University graduate student Lingzi Lu.

The panel also had the right to sentence Tsarnaev to death for the second bomb placed by Tamerlan Tsarnaev, which killed Krystle Campbell, 29, of Arlington. But the jury chose not to impose the death penalty for her death.

The jurors also decided against imposing the death penalty for the subsequent murder of MIT Police Officer Sean A. Collier, whom the defense argued was shot to death by Tamerlan, not Dzhokhar.

The response to the death sentence was immediate from some of the hundreds of people who were injured.

One of those who turned to social media to share their views was Sydney Corcoran, who was seriously injured along with her mother, Celeste, who lost both legs in the blast.

“My mother and I think that NOW he will go away and we will be able to move on. Justice,’’ Sydney Corcoran wrote on the Twitter account. “In his own words, ‘an eye for an eye.’ “

Boston Mayor Martin J. Walsh said in a statement that the “verdict provides a small amount of closure to the survivors, families, and all impacted by the violent and tragic events surrounding the 2013 Boston Marathon.’’

“We will forever remember and honor those who lost their lives and were affected by those senseless acts of violence on our City,’’ Walsh said. “Today, more than ever, we know that Boston is a City of hope, strength and resilience, that can overcome any challenge.”

Dzhokhar Tsarnaev was convicted last month of 30 charges, including 17 that carried a possible death penalty, in the first phase of the two-phase federal death penalty trial.

The defense never contested his guilt, focusing instead on the second phase of the trial, in which the jury was asked to determine whether Tsarnaev should get life in prison without parole or a death sentence. Over 11 days of testimony jurors heard from more than 60 witnesses, most of them called by the defense in an effort to humanize Tsarnaev.

Tsarnaev did not testify himself during either phase, showing little emotion as he sat in the courtroom, leaving him an inscrutable figure to the jury that decided his fate.

But in a statement he wrote when he was hiding from police several days after the bombing, he said he had acted because the US government was “killing our innocent civilians. … We Muslims are one body, you hurt one you hurt us all.”

Prosecutor Steven Mellin, in his closing argument, cited a line from the note that said, “Now I don’t like killing innocent people, but in this case it is allowed.”

“These are the words of a terrorist who thought he did the right thing,” Mellin told jurors. “His actions have earned him a sentence of death.”

Defense attorney Judy Clarke suggested that Tsarnaev’s parents were emotionally, and later physically, absent from his life, and that Tamerlan had filled the void.

The root cause of the violence that erupted on Boylston Street on April 15, 2013, was Tamerlan, Clarke said.

“Dzhokhar would not have done this but for Tamerlan,” she said.

“We’re asking you to choose life,” she said. “Yes, even for the Boston Marathon bomber. It’s a sentence that reflects justice and mercy.”

The homemade pressure cooker bombs planted by the Tsarnaev brothers went off just before 3 p.m. at the race, a colorful rite of spring in which thousands of runners, including top competitors from around the world, stream down the course into the heart of the city.

In addition to the three people killed, more than 260 others were injured, including 17 who lost limbs. First responders and people in the crowd rushed forward to help, and the city’s renowned medical community saved lives that were hanging by a thread.

A massive manhunt followed that ended several days later in a violent, chaotic showdown. After authorities released their pictures, Tsarnaev, who was 19 at the time, and his 26-year-old brother murdered Collier while he sat in his cruiser on the night of April 18, 2013, in an unsuccessful attempt to get a second gun.

When police caught up with the brothers in Watertown, just outside the city, in the early hours of April 19, the brothers hurled more deadly bombs and fired dozens of shots at police. Tamerlan Tsarnaev died after being shot by police and run over by his own brother as he made his escape.

Dzhokhar Tsarnaev slipped away from the legions of police who swarmed to the area as the governor, in an unprecedented step, urged residents of Boston, Watertown and other nearby areas to stay indoors and “shelter in place.” But Tsarnaev was ultimately captured later in the day, hiding in a boat stored in a Watertown back yard, where he had written the note explaining his actions. A stunned region breathed a sigh of relief.

People in Boston and beyond rallied together after the attacks, expressing sympathy and offering support to the bombing victims. At the same time, questions were raised and investigations launched into why the attacks weren’t prevented.

One mystery remaining at the heart of the case was how Dzhokhar Tsarnaev transformed from a hard-working teenager to a failing college student who joined a deadly terrorist plot.

“If you expect me to have an answer, a simple clean answer, I don’t have it,” Clarke said in her closing argument.

Tsarnaev arrived in America with his family when he was 9 years old. Jurors heard from his teachers in Cambridge that as a young boy, he was an A student, smart, popular, and kind. He became captain of the Cambridge Rindge and Latin School wrestling team and went on to the University of Massachusetts Dartmouth, and witnesses described him as a laid-back, and fun-loving college student.

But jurors also heard about Tsarnaev’s upbringing in a dysfunctional immigrant Chechen family that held to old cultural traditions that gave outsized rank to the oldest brother. And an expert on Chechnya described how that country’s struggles for independence became intertwined over the last two decades with the global jihad movement by Islamic militants.

When his parents returned to Russia in 2012, the jihad-obsessed Tamerlan was the only adult figure in his life, the defense said.

Prosecutors rejected the idea that Tamerlan Tsarnaev had influenced his young brother.

“These weren’t youthful crimes,” said prosecutor William Weinreb. “There was nothing immature or impulsive about them. These were political crimes, designed to punish the United States . . . by killing and mutilating innocent civilians on US soil.”

Governor Charlie Baker met reporters at the State House after the verdict, but refused to say whether he believed the death sentence was the right choice to have been made. Instead, he said, the verdict resulted from the persistence of the 12 jurors who were in court day after day and for 10 weeks.

“This was their call,’’ he said.

As a parent and husband, Baker said he was stunned by the “randomness” of the bombings. He also said that the region would be reminded about the bombings every April when the Marathon is held.

“I think it will be a long time before this event and all that came with it ever lands in my rear view mirror,’’ Baker said. “It changed the Marathon and thereby by definition, changed Boston as well.’’

He said that he hopes some closure, some healing will be forthcoming for anyone connected to the bombings.

Hillary Clinton Reaffirms Her Commitment to Women’s Rights

At Tina Brown’s Women in the World conference, the presidential hopeful spoke about the obstacles women still face in this country and abroad.

Today at Tina Brown’s Women in the World summit, presidential hopeful and former Secretary of State Hillary Clinton took the stage to reaffirm her commitment to women’s and girls’ rights, and outlined what will likely be her talking points on women, girls, and minorities as she travels the country trying to gain voter support in the coming months.

“It’s not just enough for some women to get ahead,” Clinton said, adding that all women need support, “no matter where you live and who you are.”

Clinton outlined issues facing women from birth through retirement, noting that “all the evidence tells us that despite the enormous obstacles that remain, there has never been a better time in history to be born female.” But when women enter the workforce, she said, they face a pay gap, which is particularly wide for women of color. She pointed to the recent Hobby Lobby Supreme Court decision to assert that a woman’s boss should not determine what kind of health care she can access.Sexual assault on college campuses and in the military remains a pressing issue in need of legislative solutions, Clinton said. And she criticized discrimination in retirement benefits, saying, “When we deny women access to retirement that is secure, when we continue as we do to discriminate against women in the Social Security system, we are leaving too many women on their own.”

The way forward, Clinton said — and presumably what she will campaign on — is to embrace those who have long been marginalized in American society.

“We move forward when gay and transgender women are embraced as our colleagues and friends, not fired from good jobs because of who they love and who they are,” she said. Immigrants too, Clinton said, need protections and a path to citizenship. Striking a populist tone, Clinton highlighted economic inequality and the value of closing the wage gap — not just for women and their families, but for the U.S. economy as a whole.

Tina Brown’s Women in the World is a global conference, and Clinton emphasized her longtime advocacy for international women’s rights. She famously spoke at the 1995 Beijing conference on women’s rights, where she declared, “Women’s rights are human rights once and for all.” And at Women in the World today, she not only focused heavily on a domestic agenda centered on women’s rights, but mentioned her Beijing work, saying that when she gave her speech back in 1995, 189 countries came together to declare that “human rights are women rights and women rights are human rights, once and for all. And finally, the world began to listen.”

But, Clinton said, “Despite all this progress, we’re just not there yet. Yes, we’ve nearly closed the global gender gap in primary school, but secondary school remains out of reach for so many girls around the world. Yes, we’ve increased the number of countries prohibiting domestic violence, but still more than half the nations in the world have no such laws on the books, and an estimated one in three women still experience violence. Yes, we’ve cut the maternal mortality rate in half, but far too many women are still denied critical access to reproductive health care and safe childbirth.”

Clinton announced her run for president earlier this month and is the presumptive Democratic nominee. But when she sought the Democratic nomination for president in 2008, she moved away from her women’s rights bona fides, staking out a more gender-neutral position.

Now, running again eight years later, Clinton may be more inclined to embrace her potentially historic role as the first female candidate for president from a major political party. A month before she announced her intent to run, Clinton gave the keynote speech at the anniversary gala of EMILY’s List, an organization that raises money for pro-choice female politicians.

The Women in the World speech focused on women and girls, handily avoiding any mention ofallegations of inappropriate relationships between governments Clinton dealt with at the State Department and her family’s nonprofit, the Clinton Foundation. Those allegations originated in a book called Clinton Cash written by a Republican consultant, and the accusations of unethical behavior are now being investigated further by several media outlets, including The New York Times and TheWashington Post.

The Women in the World conference runs through Friday and features a long list of female activists and celebrities, including actresses Meryl Streep, Ashley Judd, Robin Wright, and Friedo Pinto; journalists Katie Couric, Poppy Harlow, Nora O’Donnell, and Mika Brzezinski; writers Tavi Gevinson, Jon Krakauer, and Janet Mock; and political leaders Kirsten Gillibrand and Kamala Harris.

http://www.cosmopolitan.com/politics/news/a39517/hillary-clinton-women-in-the-world/

Why Hillary Clinton’s pro-choice stance is incredibly racist

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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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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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

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Read Full Post | Make a Comment ( None so far )

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

Posted on March 22, 2015. Filed under: American History, Banking, Blogroll, Books, Business, College, Communications, Constitution, Crisis, Culture, Demographics, Documentary, Economics, Education, Employment, Energy, Entertainment, Family, Federal Communications Commission, Federal Government, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, Freedom, Friends, Government Land Ownership, government spending, Health Care, history, Illegal, Immigration, Language, Law, liberty, Life, Links, Macroeconomics, Microeconomics, Monetary Policy, Money, Music, Music, Natural Gas, Natural Gas, Non-Fiction, Obamacare, Oil, Oil, People, Philosophy, Photos, Politics, Press, Psychology, Rants, Raves, Regulations, Resources, Reviews, Strategy, Talk Radio, Tax Policy, Taxes, Unemployment, Video, War, Water, Wealth, Weather, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

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 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

moonspace

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

The Pronk Pops Show Podcasts Portfolio

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The Movement To Abolish Central Banks Including The United States’ Central Bank : The Federal Reserve System — Videos

Posted on February 15, 2015. Filed under: American History, Banking, Blogroll, Books, British History, Communications, Constitution, Corruption, Crisis, Documentary, Economics, Employment, Energy, European History, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Food, Freedom, government, government spending, history, Law, Life, Links, Macroeconomics, media, Monetary Policy, Money, Money, Non-Fiction, People, Philosophy, Photos, Politics, Radio, Radio, Rants, Raves, Strategy, Talk Radio, Tax Policy, Television, Video, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , |

320px-Fed_Reserveinflationdecline of dollar valueinflation-currency-1gold-purchasing-power-us-dollar-1913-2014central-bank-balance-sheetspurchains power dollarHolders of US Treasury Debtcaseagainstfedcover

PDF of Book

http://mises.org/sites/default/files/The%20Case%20Against%20the%20Fed_2.pdf

Rothbard provides a succinct account of the origins of money, showing how money must originate from a commodity. Banking originated from goldsmiths, who issued warehouse receipts for gold deposited with them. From this a fractional reserve system developed, inherently prone to monetary expansion and panic.

In the late nineteenth century, a movement toward bank centralization arose among both “progressives” and bankers, the latter eager to increase their profits. From these plans, the Federal Reserve System developed. Rothbard shows the dominate influence of the banking House of Morgan at the Fed’s inception. During the New Deal, Rockefeller interests took first place in influence, with the Morgan interests reduced to a subordinate though still potent role.

The book concludes with an account of the Fed’s role in causing inflation and the business cycle. Abolition of this nefarious agency must be part of any agenda for genuine financial reform.

http://mises.org/library/case-against-fed-0

 

Milton Friedman – Abolish The Fed

Milton Friedman: The Purpose of the Federal Reserve

Milton Friedman teaches Monetary Policy

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

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

FIAT EMPIRE: Why the Federal Reserve Violates the U.S. Constitution

the creature

 

The Creature From Jekyll Island (by G. Edward Griffin)

G. Edward Griffin – The Collectivist Conspiracy

“If America Doesn’t ABOLISH the FED, the FED will ABOLISH America” | G. Edward Griffin

Thomas Sowell: Federal Reserve a ‘Cancer’

Experts Agree – The Fed Must End!

Establishment is Afraid of End The Fed Movement in Germany

Incredible Speech By Wall Street Protester End The Fed 2011

End the Fed

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llegal Aliens Who Get Work Permits aka Employment Authorization Documents, Social Security Numbers and State Drivers Licenses Will Register to Vote and Vote Illegally in Elections — Democratic and Republican Parties Betray Their Oath of Office and American People — The Two Party Tyranny — Illegal Aliens Steal American Jobs and Taxes and Cancels Out American Citizens’ Votes — 30-50 Million Illegal Aliens In The United States! — Videos

Posted on February 14, 2015. Filed under: Agriculture, American History, Blogroll, Business, College, Comedy, Communications, Corruption, Crime, Crisis, Data, Demographics, Documentary, Economics, Education, Employment, Faith, Family, Farming, Federal Government, Federal Government Budget, Fiscal Policy, Food, Fraud, government, government spending, history, Illegal, Immigration, Investments, Language, Law, Legal, liberty, Life, Links, Literacy, Macroeconomics, Microeconomics, People, Philosophy, Photos, Politics, Press, Private Sector, Public Sector, Rants, Raves, Strategy, Talk Radio, Tax Policy, Taxes, Unemployment, Unions, Video, War, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

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

Pronk Pops Show 379: November 26, 2014

Pronk Pops Show 378: November 25, 2014

Pronk Pops Show 377: November 24, 2014

Pronk Pops Show 376: November 21, 2014

Pronk Pops Show 375: November 20, 2014

Pronk Pops Show 374: November 19, 2014

Pronk Pops Show 373: November 18, 2014

Pronk Pops Show 372: November 17, 2014

Pronk Pops Show 371: November 14, 2014

Pronk Pops Show 370: November 13, 2014

Pronk Pops Show 369: November 12, 2014

Pronk Pops Show 368: November 11, 2014

Pronk Pops Show 367: November 10, 2014

Pronk Pops Show 366: November 7, 2014

Pronk Pops Show 365: November 6, 2014

Pronk Pops Show 364: November 5, 2014

Pronk Pops Show 363: November 4, 2014

Pronk Pops Show 362: November 3, 2014

Story 1: Illegal Aliens Who Get Work Permits aka Employment Authorization Documents, Social Security Numbers and State Drivers Licenses Will Register to Vote and Vote Illegally in Elections — Democratic and Republican Parties Betray Their Oath of Office and American People — The Two Party Tyranny — Illegal Aliens Steal America