More Political Speech Means More Money In Politics Not Less — Unlimited Campaign Contributions By Individuals and Privately Held Corporations — Repeal So-Called Campaign Finance Reform Laws — Promote Political Speech and Competition in Elections — Videos

Posted on April 17, 2015. Filed under: American History, Articles, Blogroll, Business, Communications, Constitution, Corruption, Economics, Family, Freedom, government spending, history, Investments, Law, liberty, Life, Links, Literacy, media, Money, People, Philosophy, Photos, Politics, Press, Radio, Rants, Raves, Speech, Technology, Unemployment, Video | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

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

Pronk Pops Show 423: February 26, 2015

Pronk Pops Show 422: February 25, 2015 

Pronk Pops Show 421: February 20, 2015

Pronk Pops Show 420: February 19, 2015

Pronk Pops Show 419: February 18, 2015

Pronk Pops Show 418: February 16, 2015

Pronk Pops Show 417: February 13, 2015

Pronk Pops Show 416: February 12, 2015

Pronk Pops Show 415: February 11, 2015

Pronk Pops Show 414: February 10, 2015

Pronk Pops Show 413: February 9, 2015

Pronk Pops Show 412: February 6, 2015

Pronk Pops Show 411: February 5, 2015

Pronk Pops Show 410: February 4, 2015

Pronk Pops Show 409: February 3, 2015

Pronk Pops Show 408: February 2, 2015

Pronk Pops Show 407: January 30, 2015

Pronk Pops Show 406: January 29, 2015

Pronk Pops Show 405: January 28, 2015

Pronk Pops Show 404: January 27, 2015

Pronk Pops Show 403: January 26, 2015

Pronk Pops Show 402: January 23, 2015

Pronk Pops Show 401: January 22, 2015

Pronk Pops Show 400: January 21, 2015

Pronk Pops Show 399: January 16, 2015

Pronk Pops Show 398: January 15, 2015

Pronk Pops Show 397: January 14, 2015

Pronk Pops Show 396: January 13, 2015

Pronk Pops Show 395: January 12, 2015

Pronk Pops Show 394: January 7, 2015

Pronk Pops Show 393: January 5, 2015

Story 1: More Political Speech Means More Money In Politics Not Less — Unlimited Campaign Contributions By Individuals and Privately Held Corporations — Repeal So-Called Campaign Finance Reform Laws — Promote Political Speech and Competition in Elections — Videos

Reelection Rates Over the Years

Few things in life are more predictable than the chances of an incumbent member of the U.S. House of Representatives winning reelection. With wide name recognition, and usually an insurmountable advantage in campaign cash, House incumbents typically have little trouble holding onto their seats—as this chart shows.

HouseReelectRates1964-2012

https://www.opensecrets.org/bigpicture/reelect.php

Senate races still overwhelmingly favor the incumbent, but not by as reliable a margin as House races. Big swings in the national mood can sometimes topple long time office-holders, as happened with the Reagan revolution in 1980. Even so, years like that are an exception.

US-Senate-Reelection-Rates

https://www.opensecrets.org/bigpicture/reelect.php

Money in Politics: What’s the Problem?

Milton Friedman on Money in Politics

“Tyranny of the Status Quo” – Politicians

High court rules 5-4 against cap on campaign money

What You Probably Haven’t Heard About Citizens United

3 Reasons Not To Sweat The “Citizens United” SCOTUS Ruling

Debating the high court’s campaign finance decision

Campaign Finance Reform and the Citizens United Supreme Court Decision

The Lawyer Who’s Killing Campaign Finance Reform – Legally Speaking

Miller Center – Bradley A. Smith Opening Statement

Campaign Finance — Stossel in the Classroom

Bradley A. Smith on Campaign Finance Reform and Free Speech

Sen. Cruz Q&A with Bradley Smith on Campaign Finance Reform

A Debate On Campaign Finance Disclosure

Former FEC Chairman Brad Smith on Camapaign-Finance Reform–and why John McCain Won’t Shake His Hand.

Gingrich Backs Lifting Campaign Finance Restrictions

The Problem With Money in Politics – Lawrence Lessig, Harvard Law

The Power of Choice: The Life and Ideas of Milton Friedman

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 447-

Listen To Pronk Pops Podcast or Download Show 439-446

Listen To Pronk Pops Podcast or Download Show 431-438

Listen To Pronk Pops Podcast or Download Show 422-430

Listen To Pronk Pops Podcast or Download Show 414-421

Listen To Pronk Pops Podcast or Download Show 408-413

Listen To Pronk Pops Podcast or Download Show 400-407

Listen To Pronk Pops Podcast or Download Show 391-399

Listen To Pronk Pops Podcast or Download Show 383-390

Listen To Pronk Pops Podcast or Download Show 376-382

Listen To Pronk Pops Podcast or Download Show 369-375

Listen To Pronk Pops Podcast or Download Show 360-368

Listen To Pronk Pops Podcast or Download Show 354-359

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or Download Show 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

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

Breaking News: An American With A Mission: 61 Year Young Mailman Lands on West Front of Capitol To Deliver 535 Airmail Letters To Representatives and Senators In Congress Demanding Campaign Finance Reform — Mission Accomplished — Nice Landing — Videos

Posted on April 15, 2015. Filed under: American History, Blogroll, Business, Communications, Constitution, Documentary, Faith, Family, Federal Bureau of Investigation (FBI), Federal Government, Freedom, Friends, government, government spending, history, Law, liberty, Life, Links, Literacy, media, Money, National Security Agency (NSA_, People, Photos, Politics, Radio, Rants, Raves, Regulations, Talk Radio, Transportation, Video, Wealth, Weather, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

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

Pronk Pops Show 423: February 26, 2015

Pronk Pops Show 422: February 25, 2015 

Pronk Pops Show 421: February 20, 2015

Pronk Pops Show 420: February 19, 2015

Pronk Pops Show 419: February 18, 2015

Pronk Pops Show 418: February 16, 2015

Pronk Pops Show 417: February 13, 2015

Pronk Pops Show 416: February 12, 2015

Pronk Pops Show 415: February 11, 2015

Pronk Pops Show 414: February 10, 2015

Pronk Pops Show 413: February 9, 2015

Pronk Pops Show 412: February 6, 2015

Pronk Pops Show 411: February 5, 2015

Pronk Pops Show 410: February 4, 2015

Pronk Pops Show 409: February 3, 2015

Pronk Pops Show 408: February 2, 2015

Pronk Pops Show 407: January 30, 2015

Pronk Pops Show 406: January 29, 2015

Pronk Pops Show 405: January 28, 2015

Pronk Pops Show 404: January 27, 2015

Pronk Pops Show 403: January 26, 2015

Pronk Pops Show 402: January 23, 2015

Pronk Pops Show 401: January 22, 2015

Pronk Pops Show 400: January 21, 2015

Pronk Pops Show 399: January 16, 2015

Pronk Pops Show 398: January 15, 2015

Pronk Pops Show 397: January 14, 2015

Pronk Pops Show 396: January 13, 2015

Pronk Pops Show 395: January 12, 2015

Pronk Pops Show 394: January 7, 2015

Pronk Pops Show 393: January 5, 2015

Story 1: Breaking News: An American With A Mission: 61 Year Young Mailman Lands on West Front of Capitol To Deliver 535 Airmail Letters To Representatives and Senators In Congress Demanding Campaign Finance Reform — Mission Accomplished — Nice Landing — Videos


capitol16n-pilotHughes-and-Gyroflorida-man-arrested-after-landing-a-gyrocopter-on-the-front-lawn-of-the-us-capitolx_tampabaytimes_hughes_150415.blocks_desktop_largemap_washingtonvideo-undefined-279B8A7900000578-104_636x358Capitol-Aircraft-_Horo-1AP-Capitol-Aircraftlanding_on_lawnlongshot_capitolCapitol Aircraftcapitol_dronesafelandingCapitol-Aircraft_Yang-3-676x450bomb_squad041515-national-aircraft-capitol-lawnbomb disposallanding

us postal service

nice_landingsurroundedtowed_away

Witness Captures Capitol Landing !!! RAW VIDEO !!!

VIDEO – 61 Yr Old Man Lands Gyrocopter on Lawn of U.S. Capitol w/ Letters to Congress – Doug Hughes

Man Lands Gyrocopter on US Capitol Grounds

U.S. Capitol Police converged Wednesday on a small manned aircraft that has landed on the west front of the Capitol building in Washington, D.C. Police have taken the pilot into custody.

“The U.S. Capitol Police is investigating a gyro copter with a single occupant that has landed on the grassy area of the West Lawn of t‎he U.S. Capitol. The U.S. Capitol Police continues to investigate with one person detained and temporary street closures in the immediate area,” said Capitol Police Lt. Kimberly Schneider in a statement to CNN.

According to White House spokesman Eric Schultz, the President has been briefed on the situation.

The Tampa Bay Times is reporting that the pilot is a mailman from Florida who planned the flight to protest the Supreme Court decision in Citizens’ United case and the influence of outside money in politics. He told the Times that he wanted to deliver mail to lawmakers outlining his complaints.

The paper is reporting it called Secret Service and Capitol Hill police before he flew. The reporter who spoke before the flight has been tweeting from Washington as the postal worker landed.

The Capitol Police, however, have not disclosed his identity. They did say he is in custody for questioning and they’re seeking to find out whether the landing was due to a mechanical issue or some other issue.

A friend of the pilot who says he’s known the man for years tells CNN that “there’s nothing on the helicopter that is dangerous” and that the this flight was meant to send a message to Congress about campaign finance reform.

“He has no weapons or anything else,” said Michael Shanahan. “I know him personally. He’s like a pitbull when he has an idea. He wants to wake up the country.”

Shanahan said the pilot called him before he took off.

“He’s upset that politicians can be bought and sold at auction, and I agree with him. That’s the point he’s trying [to make]” Shanahan added.

“Happy he made it alive. I want to thank the people who decided not to kill him.”

According to the FAA, this is restricted airspace and the individual did not get special permission to fly in this airspace. And a U.S, Defense official tells CNN NORAD was not involved. FAA would have contacted them for any military assets to be activated in response to this, and that contact was never made.

The building is no longer in lockdown, and the Senate Sergeant at Arms tells CNN that everything is under control.

At the moment of its landing, however, the Capitol was thrown into chaos.

Outside of the Senate Foreign Relations Committee hearing room, a half-dozen police were running through the hallways, speaking into their radios about a lockdown. In the room waited Iraqi Prime Minister Haider al-Abadi, who had stopped by for a photo op and was posing a challenge for officers discussing safe ways to get the prime minister out of the building if necessary.

Homeland Security Chairman Mike McCaul was on the first floor of the Capitol with aides when the building was briefly locked down, but he hadn’t heard about the incident until CNN asked him. He decided to go outside and see the aircraft for himself, and Capitol Police let him through, despite the lockdown.

Gyrocopter’s Flight to the US Capitol: How It Unfolded

Helicopter Lands on U.S. Capitol Hill Ground, Pilot Arrested | Gyro Copter Bomb Search

Helicopter Lands on U.S. Capitol Hill Ground, Pilot Arrested | Gyro Copter Bomb Search |VIDEO

Gyrocopter flies into restricted airspace near Capitol

Pilot in Custody After Landing Small Aircraft On Capitol Building Lawn

Ultra light Autogyro / Gyrocopter

A helicopter carries mail to an airport for delivery by air in Washington DC, Uni…HD Stock Footage

Money in Politics: What’s the Problem?

Milton Friedman on Money in Politics

“Tyranny of the Status Quo” – Politicians

The Power of Choice: The Life and Ideas of Milton Friedman

High court rules 5-4 against cap on campaign money

What You Probably Haven’t Heard About Citizens United

3 Reasons Not To Sweat The “Citizens United” SCOTUS Ruling

Debating the high court’s campaign finance decision

Campaign Finance Reform and the Citizens United Supreme Court Decision

The Lawyer Who’s Killing Campaign Finance Reform – Legally Speaking

Miller Center – Bradley A. Smith Opening Statement

Campaign Finance — Stossel in the Classroom

Bradley A. Smith on Campaign Finance Reform and Free Speech

Sen. Cruz Q&A with Bradley Smith on Campaign Finance Reform

A Debate On Campaign Finance Disclosure

Former FEC Chairman Brad Smith on Camapaign-Finance Reform–and why John McCain Won’t Shake His Hand.

Gyrocopter Lands on West Front of US Capitol, Pilot Arrested

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 439-446

Listen To Pronk Pops Podcast or Download Show 431-438

Listen To Pronk Pops Podcast or Download Show 422-430

Listen To Pronk Pops Podcast or Download Show 414-421

Listen To Pronk Pops Podcast or Download Show 408-413

Listen To Pronk Pops Podcast or Download Show 400-407

Listen To Pronk Pops Podcast or Download Show 391-399

Listen To Pronk Pops Podcast or Download Show 383-390

Listen To Pronk Pops Podcast or Download Show 376-382

Listen To Pronk Pops Podcast or Download Show 369-375

Listen To Pronk Pops Podcast or Download Show 360-368

Listen To Pronk Pops Podcast or Download Show 354-359

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or Download Show 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

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

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

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

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 442: April 8, 2015

Pronk Pops Show 441: April 6, 2015

Pronk Pops Show 440: April 2, 2015

Pronk Pops Show 439: April 1, 2015

Pronk Pops Show 438: March 31, 2015

Pronk Pops Show 437: March 30, 2015 

Pronk Pops Show 436: March 27, 2015 

Pronk Pops Show 435: March 26, 2015

Pronk Pops Show 434: March 25, 2015

Pronk Pops Show 433: March 24, 2015

Pronk Pops Show 432: March 23, 2015

Pronk Pops Show 431: March 20, 2015

Pronk Pops Show 430: March 19, 2015

Pronk Pops Show 429: March 18, 2015

Pronk Pops Show 428: March 17, 2015 

Pronk Pops Show 427: March 16, 2015

Pronk Pops Show 426: March 6, 2015

Pronk Pops Show 425: March 4, 2015

Pronk Pops Show 424: March 2, 2015

Pronk Pops Show 423: February 26, 2015

Pronk Pops Show 422: February 25, 2015 

Pronk Pops Show 421: February 20, 2015

Pronk Pops Show 420: February 19, 2015

Pronk Pops Show 419: February 18, 2015

Pronk Pops Show 418: February 16, 2015

Pronk Pops Show 417: February 13, 2015

Pronk Pops Show 416: February 12, 2015

Pronk Pops Show 415: February 11, 2015

Pronk Pops Show 414: February 10, 2015

Pronk Pops Show 413: February 9, 2015

Pronk Pops Show 412: February 6, 2015

Pronk Pops Show 411: February 5, 2015

Pronk Pops Show 410: February 4, 2015

Pronk Pops Show 409: February 3, 2015

Pronk Pops Show 408: February 2, 2015

Pronk Pops Show 407: January 30, 2015

Pronk Pops Show 406: January 29, 2015

Pronk Pops Show 405: January 28, 2015

Pronk Pops Show 404: January 27, 2015

Pronk Pops Show 403: January 26, 2015

Pronk Pops Show 402: January 23, 2015

Pronk Pops Show 401: January 22, 2015

Pronk Pops Show 400: January 21, 2015

Pronk Pops Show 399: January 16, 2015

Pronk Pops Show 398: January 15, 2015

Pronk Pops Show 397: January 14, 2015

Pronk Pops Show 396: January 13, 2015

Pronk Pops Show 395: January 12, 2015

Pronk Pops Show 394: January 7, 2015

Pronk Pops Show 393: January 5, 2015

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

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

Freedom lies in being bold.

Robert Frost

The journey of a thousand miles begins with one step.

Lao Tzu

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

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

RAND PAUL Explains LIBERTARIANISM

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

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

Three Clues For Rand Paul

FairTax: Fire Up Our Economic Engine (Official HD)

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

“The Case for the Fair Tax”

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

Immigration by the Numbers — Off the Charts

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

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

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

The Presidential Contenders: Rand Paul

Pence on the Fair Tax

The Presidential Contenders: Gov. Mike Pence

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

Milton Friedman on Libertarianism (Part 4 of 4)

TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

Milton Friedman – Welfare State Dynamics

Milton Friedman – Illegal Immigration only helps when its Illegal

Dan Mitchell explains the fair tax

Flat Tax vs. National Sales Tax

How does the FairTax affect the economy?

How is the FairTax collected?

Why is the FairTax better than a flat income tax?

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

How does the “prebate” work?

Are any significant economies funded by a sales tax?

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

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

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

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

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

Libertarianism | Murray N. Rothbard

Murray Rothbard: Six Stages of the Libertarian Movement

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

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

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

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

The Secret To Rand Paul’s Success

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

Who is the ideal presidential candidate?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Big government and debt doubled under a Republican administration.

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

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

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

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

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

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

Why bother?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

We won the Cold War.

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

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

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

Work is not punishment; work is the reward.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Is this where we light up the phones?

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

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

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

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

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

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

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

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

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

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

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 439-442

Listen To Pronk Pops Podcast or Download Show 431-438

Listen To Pronk Pops Podcast or Download Show 422-430

Listen To Pronk Pops Podcast or Download Show 414-421

Listen To Pronk Pops Podcast or Download Show 408-413

Listen To Pronk Pops Podcast or Download Show 400-407

Listen To Pronk Pops Podcast or Download Show 391-399

Listen To Pronk Pops Podcast or Download Show 383-390

Listen To Pronk Pops Podcast or Download Show 376-382

Listen To Pronk Pops Podcast or Download Show 369-375

Listen To Pronk Pops Podcast or Download Show 360-368

Listen To Pronk Pops Podcast or Download Show 354-359

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or Download Show 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

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

Project_1

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

Listen To Pronk Pops Podcast or Download Show 422-430

Listen To Pronk Pops Podcast or Download Show 414-421

Listen To Pronk Pops Podcast or Download Show 408-413

Listen To Pronk Pops Podcast or Download Show 400-407

Listen To Pronk Pops Podcast or Download Show 391-399

Listen To Pronk Pops Podcast or Download Show 383-390

Listen To Pronk Pops Podcast or Download Show 376-382

Listen To Pronk Pops Podcast or Download Show 369-375

Listen To Pronk Pops Podcast or Download Show 360-368

Listen To Pronk Pops Podcast or Download Show 354-359

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or Download Show 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

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

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

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

When Will Independents and The Tea Party Movement Form The Independence Party? — When Independents Are 50% of The Voters — 2026 or Sooner — The Second American Revolution of The American People — The Overthrow of The Warfare and Welfare State of The Collectivist Democratic and Republican Parties — Videos

Posted on November 4, 2014. Filed under: American History, Banking, Blogroll, British History, College, Communications, Demographics, Documentary, Economics, Education, European History, Federal Government Budget, Fiscal Policy, Freedom, government, government spending, history, Illegal, Immigration, Investments, IRS, Law, Legal, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Photos, Politics, Rants, Raves, Regulations, Strategy, Talk Radio, Taxes, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 363: November 4, 2014

Pronk Pops Show 362: November 3, 2014

Pronk Pops Show 361: October 31, 2014

Pronk Pops Show 360: October 30, 2014

Pronk Pops Show 359: October 29, 2014

Pronk Pops Show 358: October 28, 2014

Pronk Pops Show 357: October 27, 2014

Pronk Pops Show 356: October 24, 2014

Pronk Pops Show 355: October 23, 2014

Pronk Pops Show 354: October 22, 2014

Pronk Pops Show 353: October 21, 2014

Pronk Pops Show 352: October 20, 2014

Pronk Pops Show 351: October 17, 2014

Pronk Pops Show 350: October 16, 2014

Pronk Pops Show 349: October 15, 2014

Pronk Pops Show 348: October 14, 2014

Pronk Pops Show 347: October 13, 2014

Pronk Pops Show 346: October 9, 2014

Pronk Pops Show 345: October 8, 2014

Pronk Pops Show 344: October 6, 2014

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014

Story 1: When Will Independents and The Tea Party Movement Form The Independence Party? — When Independents Are 50% of The Voters — 2026 or Sooner — The Second American Revolution of The American People — The Overthrow of The Warfare and Welfare State of The Collectivist Democratic and Republican Parties — Videos

SPOiLER: How a Third Political Party Could Win

Under the watch of the Democrats and Republicans the nation has amassed unprecedented debt, waged perpetual undeclared wars for profit, destroyed the middle class and become so politically correct, Karl Marx would be proud.

A James Jaeger Film featuring Author/Political Analyst PAT BUCHANAN; President John Birch Society JOHN McMANUS; Author/Theologian PETER LILLBACK; Author/Producer G. EDWARD GRIFFIN; Radio Host-Pastor CHUCK BALDWIN; Political Strategist NELSON HULTBERG; Author/Constitutional Attorney EDWIN VIEIRA, JR., and Economist-Statistician JOHN WILLIAMS with guest appearances by JACK ROONEY, Senatorial Candidate and RON PAUL, Congressman/Presidential Candidate.

SPOILER explores the political, economic and philosophic ethos of the past 98 years for insights into the debt-driven, welfare-warfare state and ways Americans can get back to a Constitutional republic. Analyzing the reasons no third party has been successful since John C. Fremont and Abraham Lincoln ran on the new Republican Party around 1860, SPOiLER offers a platform — based on the political strategies of Nelson Hultberg — that could inspire an existing, or new, third party to win, thus putting an end to the DemoPublican monopoly.

Produced by Matrixx Productions in association with the Foundation for the Advancement of Free-market Thinking – Produced by EDWIN VIEIRA – HENRIETTA M. JAEGER, Executive Producer ANTHONY WILE, Associate Producers DIANA ZOPPA – DAN HAPPEL – ELIAS ALIAS . Written & Directed by JAMES JAEGER

TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

G. Edward Griffin – The Collectivist Conspiracy

Milton Friedman on Classical Liberalism

What Does It Mean to Be Libertarian? | Learn Liberty

Why Should Conservatives Like Libertarian Ideas? | Learn Liberty

The History of Classical Liberalism

 

The Decline and Triumph of Classical Liberalism (Pt. 1) | Learn Liberty

The Decline and Triumph of Classical Liberalism (Pt. 2) | Learn Liberty

 

What is Classical Liberalism? | Learn Liberty

Dr. Nigel Ashford explains the 10 core principles of the classical liberal & libertarian view of society and the proper role of government:

1) Liberty as the primary political value
2) Individualism
3) Skepticism about power
4) Rule of Law
5) Civil Society
6) Spontaneous Order
7) Free Markets
8) Toleration
9) Peace
10) Limited Government

Schools of Thought in Classical Liberalism, Part 2: Milton Friedman and the Chicago School

Schools of Thought in Classical Liberalism, Part 3: Public Choice

Schools of Thought in Classical Liberalism, Part 4: The Austrian School

Schools of Thought in Classical Liberalism, Part 5: Natural Rights

Schools of Thought in Classical Liberalism, Part 6: Anarcho-Capitalism

Schools of Thought in Classical Liberalism, Part 7: Conclusion: What’s Your View?

Libertarianism: An Introduction

Free Market Revolution by Yaron Brook

The Meaning of Independence Day – Ayn Rand Center for Individual Rights

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 360-363

Listen To Pronk Pops Podcast or Download Show 354-359

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or DownloadShow 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

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

All Fifty States Should Institute A Mandatory 21-Day Quarantine For American Citizens Coming From Ebola Infected Countries and Isolation in A Hospital If You Have Any of Ebola Symptoms and Stop Issuing Visas and Ban Travelers From Guinea, Liberia and Sierra Leone — Send In The Clowns — Hillary Clinton Big Government Collectivist On Minimum Wages and Job Creation — Videos

Posted on October 28, 2014. Filed under: American History, Banking, Books, Business, Communications, Constitution, Corruption, Crisis, Culture, Documentary, Economics, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, government, government spending, Health Care, Heroes, history, Illegal, Immigration, Inflation, Investments, Law, liberty, Life, Links, Literacy, media, Medicine, Monetary Policy, Money, Music, Non-Fiction, Obamacare, People, Philosophy, Photos, Politics, Radio, Rants, Raves, Regulations, Security, Strategy, Talk Radio, Tax Policy, Unemployment, Video, War, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 357: October 27, 2014

Pronk Pops Show 356: October 24, 2014

Pronk Pops Show 355: October 23, 2014

Pronk Pops Show 354: October 22, 2014

Pronk Pops Show 353: October 21, 2014

Pronk Pops Show 352: October 20, 2014

Pronk Pops Show 351: October 17, 2014

Pronk Pops Show 350: October 16, 2014

Pronk Pops Show 349: October 15, 2014

Pronk Pops Show 348: October 14, 2014

Pronk Pops Show 347: October 13, 2014

Pronk Pops Show 346: October 9, 2014

Pronk Pops Show 345: October 8, 2014

Pronk Pops Show 344: October 6, 2014

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014 

Pronk Pops Show 306: July 31, 2014

Pronk Pops Show 305: July 30, 2014

Pronk Pops Show 304: July 29, 2014

Pronk Pops Show 303: July 28, 2014

Pronk Pops Show 302: July 24, 2014

Pronk Pops Show 301: July 23, 2014

Pronk Pops Show 300: July 22, 2014

Pronk Pops Show 299: July 21, 2014

Pronk Pops Show 298: July 18, 2014

Pronk Pops Show 297: July 17, 2014

Pronk Pops Show 296: July 16, 2014

Pronk Pops Show 295: July 15, 2014

Pronk Pops Show 294: July 14, 2014

Pronk Pops Show 293: July 11, 2014

Pronk Pops Show 292: July 9, 2014

Pronk Pops Show 291: July 7, 2014

Pronk Pops Show 290: July 3, 2014

Pronk Pops Show 289: July 2, 2014

Story 1: All Fifty States Should Institute A Mandatory  21-Day Quarantine For American Citizens Coming From Ebola Infected Countries and Isolation in A Hospital If You Have Any of Ebola Symptoms and Stop Issuing Visas and Ban Travelers From Guinea, Liberia and Sierra Leone — Send In The Clowns — Hillary Clinton Big Government Collectivist On Minimum Wages and Job Creation — Videos

Judy Collins Send in the Clowns

Hillary Clinton: Corporations and Businesses Dont Create Jobs

Good Intentions 2 of 3 Minimum Wage, Licensing, and Labor Laws with Walter Williams

Milton Friedman on Minimum Wage

MILTON FRIEDMAN-what alinsky never told obama…

Milton Friedman ~ The Escape From Collectivism

Milton Friedman vs Bill Clinton (1999)

G. Edward Griffin – The Collectivist Conspiracy

Santa Monica Tea Party – Yaron Brook – Reclaiming the Moral High Ground

 

 

Understand Quarantine and Isolation

People can be infected with dangerous diseases in a number of ways. Some germs, like those causing malaria, are passed to humans by animals. Other germs, like those that cause botulism, are carried to people by contaminated food or water. Still others, like the ones causing measles, are passed directly from person to person. These diseases are called “contagious”.

Contagious diseases that pose a health risk to people have always existed. While the spread of many of these diseases has been controlled through vaccination and other public health efforts, avian influenza (“bird flu”) and terrorist acts worldwide have raised concerns about the possibility of a disease risk. That makes it important for people to understand what can and would be done to protect the public from the spread of dangerous contagious diseases.

The CDC applies the term “quarantine” to more than just people. It also refers to any situation in which a building, conveyance, cargo, or animal might be thought to have been exposed to a dangerous contagious disease agent and is closed off or kept apart from others to prevent disease spread.

The Centers for Disease Control and Prevention (CDC) is the U.S. government agency responsible for identifying, tracking, and controlling the spread of disease. With the help of the CDC, state and local health departments have created emergency preparedness and response plans. In addition to early detection, rapid diagnosis, and treatment with antibiotics or antivirals, these plans use two main traditional strategies —quarantine and isolation— to contain the spread of illness. These are common health care practices to control the spread of a contagious disease by limiting people’s exposure to it.

The difference between quarantine and isolation can be summed up like this:

  • Isolation applies to persons who are known to be ill with a contagious disease.
  • Quarantine applies to those who have been exposed to a contagious disease but who may or may not become ill.

Definitions

Infectious disease: a disease caused by a microorganism and therefore potentially infinitely transferable to new individuals. May or may not be communicable. Example of non communicable is disease caused by toxins from food poisoning or infection caused by toxins in the environment, such as tetanus.

Communicable disease: an infectious disease that is contagious and which can be transmitted from one source to another by infectious bacteria or viral organisms.

Contagious disease: a very communicable disease capable of spreading rapidly from one person to another by contact or close proximity.

Related Links

http://www.bt.cdc.gov/preparedness/quarantine/

 

States clarify new Ebola quarantine guidelines

New Jersey releasing quarantined nurse

Nurse Under Ebola Quarantine Alleges Poor Treatment

States clarify new Ebola quarantine guidelines

Quarantine: An Effective Public Health Tool

When Do We Quarantine or Isolate for Ebola?

What it Means to be Quarantined Isolated

Experimental Drugs Currently Treating Ebola Caution

Treatment for Ebola Patients

Why Women Are More Likely to Get Ebola & How to Protect Them

How We Can Bury Family Who Die from Ebola

The Ebola virus The Search for a Cure BBC Full Documentary 2014

Dallas nurses facing the 21-day Ebola countdown

Ebola: The lessons learned in Dallas

Nurse: ‘Worst day of my life’ when Ebola patient died

Ebola nurses ostracized after caring for virus patient

 

“US’ HOMELAND SECURITY”, “EBOLA QUARANTINE ZONES” AND “FEMA DETENTION CAMPS”!

Ebola Truth Shock! New WHO Reports Says Ebola Has ’42-Day Incubation Period’

Public Health Service – Disease & Its Control – Immigrants, Ellis Island & Quarantine 1930s

SNL Cold Open Ridicules Obama on Ebola – ” Probably One of My Greatest Accomplishments

Understand Quarantine and Isolation: Questions & Answers

Questions & Answers

When someone is known to be ill with a contagious disease, they are placed in isolation and receive special care, with precautions taken to protect uninfected people from exposure to the disease.

When someone has been exposed to a contagious disease and it is not yet known if they have caught it, they may be quarantined or separated from others who have not been exposed to the disease. For example, they may be asked to remain at home to prevent further potential spread of the illness. They also receive special care and observation for any early signs of the illness.

How long can quarantine and isolation last? What is done to help the people who experience isolation or quarantine?

The list of diseases for which quarantine or isolation is authorized is specified in an Executive Order of the President. This list currently includes cholera, diphtheria, infectious tuberculosis, plague, smallpox, yellow fever, viral hemorrhagic fevers (Lassa, Marburg, Ebola, Crimean-Congo, South American, and others not yet isolated or named), Severe Acute Respiratory Syndrome (SARS), and influenza caused by novel or reemergent influenza viruses that are causing, or have the potential to cause, a pandemic.

Isolation

Isolation would last for the period of communicability of the illness, which varies by disease and the availability of specific treatment. Usually it occurs at a hospital or other health care facility or in the person’s home. Typically, the ill person will have his or her own room and those who care for him or her will wear protective clothing and take other precautions, depending on the level of personal protection needed for the specific illness.

In most cases, isolation is voluntary; however, federal, state and local governments have the authority to require isolation of sick people to protect the public.

Quarantine

Modern quarantine lasts only as long as necessary to protect the public by (1) providing public health care (such as immunization or drug treatment, as required) and (2) ensuring that quarantined persons do not infect others if they have been exposed to a contagious disease.

Modern quarantine is more likely to involve limited numbers of exposed persons in small areas than to involve large numbers of persons in whole neighborhoods or cities.

Quarantined individuals will be sheltered, fed, and cared for at home, in a designated emergency facility, or in a specialized hospital, depending on the disease and the available resources. They will also be among the first to receive all available medical interventions to prevent and control disease, including:

  • Vaccination.
  • Antibiotics.
  • Early and rapid diagnostic testing and symptom monitoring.
  • Early treatment if symptoms appear.

The duration and scope of quarantine measures would vary, depending on their purpose and what is known about the incubation period (how long it takes for symptoms to develop after exposure) of the disease-causing agent.

Examples

A few hours for assessment. Passengers on airplanes, trains or boats believed to be infected with or exposed to a dangerous contagious disease might be delayed for a few hours while health authorities determine the risk they pose to public health. Some passengers may be asked to provide contact information and then released while others who are ill are transported to where they can receive medical attention. There have been a few instances where state and local public health authorities have imposed a brief quarantine at a public gathering, such as a shelter, while investigating if one or more people may be ill.

Enough time to provide preventive treatment or other intervention. If public health authorities determine that a passenger or passengers on airplanes, trains or boats are sick with a dangerous contagious disease, the other passengers may be quarantined in a designated facility where they may receive preventive treatment and have their health monitored.

For the duration of the incubation period. If public health officials determine that one or more passenger on airplanes, trains or boats are infected with a contagious disease and that passengers sitting nearby may have had close contact with the infected passenger(s), those at risk might be quarantined in a designated facility, observed for signs of illness and cared for under isolation conditions if they become ill.

When would quarantine and isolation be used and by whom?

If people in a certain area were potentially exposed to a contagious disease, this is what would happen: State and local health authorities would let people know that they may have been exposed and would direct them to get medical attention, undergo diagnostic tests, and stay at home, limiting their contact with people who have not been exposed to the disease. Only rarely would federal, state, or local health authorities issue an “order” for quarantine and isolation.

However, both quarantine and isolation may be compelled on a mandatory basis through legal authority as well as conducted on a voluntary basis.

States have the authority to declare and enforce quarantine and isolation within their borders. This authority varies widely, depending on state laws. It derives from the authority of state governments granted by the U.S. Constitution to enact laws and promote regulations to safeguard the health and welfare of people within state borders.

Further, at the national level, the CDC may detain, medically examine or conditionally release persons suspected of having certain contagious diseases. This authority applies to individuals arriving from foreign countries, including Canada and Mexico, on airplanes, trains, automobiles, boats or by foot. It also applies to individuals traveling from one state to another or in the event of “inadequate local control.”

The CDC regularly uses its authority to monitor passengers arriving in the United States for contagious diseases. In modern times, most quarantine measures have been imposed on a small scale, typically involving small numbers of travelers (airline or cruise ship passengers) who have curable diseases, such as infectious tuberculosis or cholera. No instances of large-scale quarantine have occurred in the U.S. since the “Spanish Flu” pandemic of 1918-1919.

Based on years of experience working with state and local partners, the CDC anticipates that the need to use its federal authority to involuntarily quarantine a person would occur only in rare situations—for example, if a person posed a threat to public health and refused to cooperate with a voluntary request.

Definitions

For more information, see the CDC’s “Fact Sheet on Legal Authorities for Isolation/Quarantine”.

Infectious disease: a disease caused by a microorganism and therefore potentially infinitely transferable to new individuals. May or may not be communicable. Example of non communicable is disease caused by toxins from food poisoning or infection caused by toxins in the environment, such as tetanus.

Communicable disease: an infectious disease that is contagious and which can be transmitted from one source to another by infectious bacteria or viral organisms.

Contagious disease: a very communicable disease capable of spreading rapidly from one person to another by contact or close proximity.

http://www.bt.cdc.gov/preparedness/quarantine/qa.asp

 

White House Pushes Back on State Ebola Quarantines

COLLEEN MCCAIN NELSON,
MELANIE GRAYCE WEST and
BETSY MCKAY

The White House pushed back against the governors of New York, New Jersey, Illinois and other states that instituted procedures to forcibly quarantine medical workers returning from West Africa, deepening an emotional debate brought on by recent Ebola cases in the U.S.

A senior administration official said Sunday that new federal guidelines under development would protect Americans from imported cases of the disease but not interfere with the flow of U.S. health workers to and from West Africa to fight the epidemic there.

“We have let the governors of New York, New Jersey and other states know that we have concerns with the unintended consequences… [that quarantine] policies not grounded in science may have on efforts to combat Ebola at its source,” the official said.

Betsy McKay joins the News Hub with the latest on the spread of the Ebola virus and efforts to contain it in the U.S. Photo: University of Texas at Arlington/AP.

It wasn’t clear what action the Obama administration could take to end the quarantines.

New York Gov. Andrew Cuomo on Sunday night gave the first new details about how his state’s quarantine would work, noting that individuals would be allowed to stay in their homes for 21 days. State and local health-care workers would check on quarantined people twice a day to monitor for Ebola symptoms. Those with symptoms would be taken to a hospital. People whose jobs won’t compensate them during their quarantine would be paid by the state.

Travelers who have had no direct contact with Ebola patients wouldn’t be subject to confinement at home, but they would be consulted twice-daily by health officials over the three-week period.

New York officials said the new protocols still went further than those recommended by the federal government.

“My personal practice is to err on the side of caution,” said Mr. Cuomo. Asked if he got White House pressure to shape the policy, Mr. Cuomo said: “I have had none.”

The New York quarantine policy appears designed to strike a different tone from New Jersey, where Kaci Hickox, a 33-year-old Doctors Without Borders nurse, has been held in a tent in a Newark hospital for three days under conditions that she said Sunday were “really inhumane.”

New Jersey state officials said late Sunday night that they wouldn’t change their protocols, which allowed for home quarantine. A New Jersey resident who has no symptoms but has come into contact with someone with Ebola would be quarantined at home. Non-residents would be transported to their homes if feasible, or quarantined in New Jersey if not.

Ms. Hickox, who lives in Maine, has retained lawyers to challenge her quarantine. One of those lawyers, Norman Siegel, a prominent civil rights attorney, said the quarantine policy infringed on her constitutional rights.

New Jersey Gov. Chris Christie held firm on his decision to quarantine returning health-care workers. “I absolutely have no second thoughts about it,” he said on Fox News.

Mr. Cuomo’s announcement on Sunday was made with New York Mayor Bill de Blasio , who had criticized how Ms. Hickox was treated. “State governments have the right to make decisions. But this hero coming back from the front, having done the right thing, was treated with disrespect,” Mr. de Blasio told reporters.

Mr. Christie said Saturday that “I’m sorry if in any way she was inconvenienced, but inconvenience that could occur from having folks that are symptomatic and ill out amongst the public is a much, much greater concern of mine. So certainly nothing was done intentionally to try to inconvenience her or try to make her uncomfortable.”

Although Mr. Cuomo’s policy appears different from New Jersey’s handling of a quarantine case, the White House declined to comment on the New York measures beyond reiterating the principles guiding its own decision-making.

Ebola has killed nearly 5,000 people in West Africa. Nine people have been treated for the virus in the U.S., four of whom either became ill or were infected here. One died.

President Barack Obama convened a meeting of top public health and national security advisers on Sunday to discuss the issue.

Federal, state and local officials are grappling with ways to quell anxiety and protect the public. The different approaches they are taking reflect the layered public health system in the U.S. State and local authorities hold most quarantine powers, while the federal government’s power is more limited, according to legal experts.

The federal government technically could find an argument for challenging state decisions to impose quarantines, said Polly Price, professor at Emory University School of Law. “I could see an argument that there are interstate ramifications,” she said, such as economic disruption. But she said she thought it unlikely, given the political environment and public anxiety over Ebola.

In most cases, the federal government can’t override state quarantines. The Centers for Disease Control and Prevention has powers at ports of entry to the U.S., and can quarantine people who are traveling between states and have infectious diseases such as tuberculosis. Ebola, which can’t be spread through the air, isn’t considered as infectious.

New York Governor Andrew Cuomo, left, and New Jersey Governor Chris Christie announced a mandatory quarantine for “high risk” people returning to the U.S. through airports in New York and New Jersey. ENLARGE
New York Governor Andrew Cuomo, left, and New Jersey Governor Chris Christie announced a mandatory quarantine for “high risk” people returning to the U.S. through airports in New York and New Jersey. ASSOCIATED PRESS

Craig Spencer, a New York doctor diagnosed Thursday with Ebola after his return from West Africa, appeared to have played a part in the quarantine moves by New Jersey and New York. He was reported in serious but stable condition Sunday at Bellevue Hospital Center in Manhattan.

The Christie administration believes it would win any legal challenge because state law is clear on the government’s ability to quarantine people in public-health emergencies, said a New Jersey state official familiar with the new policy.

During a campaign stop in Florida Sunday, Mr. Christie said that no federal officials had reached out to him about revising the mandatory quarantine.

Christie administration officials knew that public-health experts would disagree with their decision but decided they wanted a broad, tough policy that would calm people’s fears, a Christie official said.

Mr. Cuomo said last week that he consulted with the Centers for Disease Control and Prevention before launching the mandatory-quarantine policy, but Christie administration officials didn’t, a Christie spokesman said.

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health, said Sunday that the administration is considering a risk-based monitoring system that would elevate the required supervision of health-care workers returning from West African nations.

But he said the protocols would stop short of a mandatory, 21-day isolation of health-care workers that several states have imposed, which risks deterring volunteers heading to Africa to fight the disease.

Related Video

Ebola is a highly contagious virus, but only if you come into contact with certain bodily fluids of those infected. What do scientists know about how it’s transmitted? WSJ’s Jason Bellini has #TheShortAnswer.

“You fashion what you do with them according to the risk,” Dr. Fauci said Sunday morning on NBC. “One of the ways you can mitigate against this issue is by…different types of monitoring.”

Supervision would ratchet up from passive monitoring—individuals regularly taking their temperatures—to “direct active” monitoring, where those who are deemed high-risk are checked by medical workers, he said on NBC.

Scientists say that people who aren’t showing symptoms of Ebola don’t transmit the disease, and Dr. Fauci said other steps besides a mandatory quarantine could ensure public safety. Telling health-care workers that upon returning from West Africa “you still have 21 days out of your life where you can’t move, I think, will have unintended negative consequences,” he said.

Legal experts disagreed on Ms. Hickox’s ability to successfully challenge her quarantine.

Lawrence Gostin, a Georgetown University professor who leads the O’Neill Institute for National and Global Health Law, and is offering help to Ms. Hickox, said she has two main ways to contest her quarantine. The policy in New Jersey applies to a class of people and there “was no individualized assessment of her individual risk,” he said.

The second possible avenue is to argue she wasn’t quarantined in a humane health environment.

“Because this is not a prison sentence, the person has not been convicted. It’s civil and so you’re not supposed to punish them,” said Mr. Gostin.

Mr. Gostin said this was the first time in his memory where such a quarantine was implemented.

But Michael C. Dorf, a professor at Cornell University Law School, said there may not be a sound legal case to challenge a quarantine. The state laws used to implement mandatory quarantines in New York, New Jersey and Illinois are clear and “there is no serious doubt about the affirmative power of either the states and the federal government to quarantine,” Mr. Dorf said

 

http://online.wsj.com/articles/christie-defends-mandatory-ebola-quarantine-for-health-care-workers-1414335046?mod=WSJ_hpp_sections_health

 

Army major general, troops quarantined after Ebola aid trip

By Barbara Starr,

Army Major General Darryl A. Williams, commander of U.S. Army Africa, and approximately 10 other personnel are now in “controlled monitoring” in Italy after returning there from West Africa over the weekend, according to multiple U.S. military officials.

The American personnel are effectively under quarantine, but Pentagon officials declined to use that terminology.

Williams’ plane was met on the ground by Italian authorities “in full CDC gear,” the official said, referring to the type of protective equipment worn by U.S. health care workers.

There is no indication at this time any of the team have symptoms of Ebola.

Ebola outbreak: Get up to speed with the latest developments

They will be monitored for 21 days at a “separate location” at the U.S. military installation at Vicenza Italy, according to U.S. military officials. Senior Pentagon officials say it is not a “quarantine,” but rather “controlled monitoring.” However, the troops are being housed in an access controlled location on base, and are not allowed to go home for the 21 day period while they undergo twice daily temperature checks.

It is not clear yet if they will be allowed visits from family members.

4 issues raised at the House Ebola hearing

Williams and his team have been in West Africa for 30 days, to set up the initial U.S. military assistance there and have traveled extensively around Liberia. The team was in treatment and testing areas during their travels.

Speaking to reporters two weeks ago while he was still overseas in Liberia, Williams spoke of the extensive monitoring that he was given.

U.S. troops join Ebola fight

“We measure, while we’re here — twice a day, are monitoring as required by the recent guidance that was put out while we’re here in Liberia. I — yesterday, I had my temperature taken, I think, eight times, before I got on and off aircraft, before I went in and out of the embassy, before I went out of my place where I’m staying,” William said during the October 16 press conference.

Boy under evaluation in New York; nurse ordered released

“As long as you exercise basic sanitation and cleanliness sort of protocols using the chlorine wash on your hands and your feet, get your temperature taken, limiting the exposure, the — no handshaking, those sorts of protocols, I think the risk is relatively low.”

Officials could not explain why the group was being put under into controlled monitoring, which is counter to the Pentagon policy. The current DOD policy on monitoring returning troops says “as long as individuals remain asymptomatic, they may return to work and routine daily activities with family members.”

White House Press Secretary Josh Earnest said Monday that the Defense Department “has not issued a policy related to their workers that have spent time in West Africa.”

“I know that there was this decision that was made by one commanding officer in the Department of Defense, but it does not reflect a department-wide policy that I understand is still under development,” Earnest said.

The Pentagon has, though, published plans that detail how it will handle troops who are deployed to the region — including potential quarantines.

Jessica L. Wright, the undersecretary of Defense for personnel and readiness, issued an Oct. 10 memo that said troops who have faced an elevated risk of exposure to Ebola will be quarantined for 21 days — and that those who haven’t faced any known exposure will be monitored for three weeks.

Wright’s memo also lays out the Pentagon’s plans to train troops before they’re sent to West Africa and to monitor them during their deployment to the epicenter of the Ebola outbreak.

Pressed again during his briefing Monday, Earnest said it’s up to the Defense Department to announce its policies for troops that return from the region.

“We are seeing this administration put in place the policies that we believe are necessary to protect the American people and to protect the American troops,” he said. “And we’re going to let science drive that process. And as soon as we have a policy to announce on this, we’ll let you know.”

http://www.cnn.com/2014/10/27/politics/soldiers-monitored-ebola/index.html?hpt=hp_t1

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 354-356

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or DownloadShow 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

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

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

Producers vs. Moochers: Obama’s Execution of The Cloward-Piven Strategy: Food Stamps, Medicaid, Welfare, Disability Benefits, Earned Income Credits, Obamacare, Student Loans, Veterans Administration, Open Borders, Massive Deficits and Debts, Unsustainable Unfunded Liabilities, High Unemployment Rates — Legal Status — Amnesty — Citizenship for 30-50 Million Illegal Aliens — Overloading The Welfare System — Democratic Progressive Party Tyranny — Obama’s Unconstrained Utopian Vision– Videos

Posted on June 12, 2014. Filed under: American History, Blogroll, Communications, Crisis, Diasters, Economics, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Food, Freedom, Friends, government spending, Health Care, history, Inflation, liberty, Life, Literacy, media, Obamacare, People, Philosophy, Politics, Public Sector, Rants, Raves, Resources, Strategy, Talk Radio, Tax Policy, Taxes, Terrorism, Unions, Video, Welfare | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 276: June 10, 2014

Pronk Pops Show 275: June 9, 2014

Pronk Pops Show 274: June 6, 2014

Pronk Pops Show 273: June 5, 2014

Pronk Pops Show 272: June 4, 2014

Pronk Pops Show 271: June 2, 2014

Pronk Pops Show 270: May 30, 2014 

Pronk Pops Show 269: May 29, 2014

Pronk Pops Show 268: May 28, 2014

Pronk Pops Show 267: May 27, 2014

Pronk Pops Show 266: May 23, 2014

Pronk Pops Show 265: May 22, 2014

Pronk Pops Show 264: May 21, 2014

Pronk Pops Show 263: May 20, 2014

Pronk Pops Show 262: May 16, 2014

Pronk Pops Show 261: May 15, 2014

Pronk Pops Show 260: May 14, 2014

Pronk Pops Show 259: May 13, 2014

Pronk Pops Show 258: May 9, 2014

Pronk Pops Show 257: May 8, 2014

Pronk Pops Show 256: May 5, 2014

Pronk Pops Show 255: May 2, 2014

Pronk Pops Show 254: May 1, 2014

Pronk Pops Show 253: April 30, 2014

Pronk Pops Show 252: April 29, 2014

Pronk Pops Show 251: April 28, 2014

Pronk Pops Show 250: April 25, 2014

Pronk Pops Show 249: April 24, 2014

Pronk Pops Show 248: April 22, 2014

Pronk Pops Show 247: April 21, 2014

Pronk Pops Show 246: April 17, 2014

Pronk Pops Show 245: April 16, 2014

Pronk Pops Show 244: April 15, 2014

Pronk Pops Show 243: April 14, 2014

Pronk Pops Show 242: April 11, 2014

Pronk Pops Show 241: April 10, 2014

Pronk Pops Show 240: April 9, 2014

Pronk Pops Show 239: April 8, 2014

Pronk Pops Show 238: April 7, 2014

Pronk Pops Show 237: April 4, 2014

Pronk Pops Show 236: April 3, 2014

Pronk Pops Show 235: March 31, 2014

Pronk Pops Show 234: March 28, 2014

Pronk Pops Show 233: March 27, 2014

Pronk Pops Show 232: March 26, 2014

Pronk Pops Show 231: March 25, 2014

Pronk Pops Show 230: March 24, 2014

Pronk Pops Show 229: March 21, 2014

Pronk Pops Show 228: March 20, 2014

Pronk Pops Show 227: March 19, 2014

Pronk Pops Show 226: March 18, 2014

Pronk Pops Show 225: March 17, 2014

Pronk Pops Show 224: March 7, 2014

Pronk Pops Show 223: March 6, 2014

Pronk Pops Show 222: March 3, 2014

 Story 1:Producers vs. Moochers:  Obama’s Execution of The Cloward-Piven Strategy: Food Stamps, Medicaid, Welfare, Disability Benefits, Earned Income Credits, Obamacare, Student Loans, Veterans Administration, Open Borders, Massive Deficits and Debts, Unsustainable Unfunded Liabilities,   High Unemployment Rates — Legal Status — Amnesty — Citizenship for 30-50 Million Illegal Aliens — Overloading The Welfare System — Democratic Progressive Party Tyranny — Obama’s Unconstrained Utopian Vision– Videos

cloward-piven

cloward-and-piven

Cloward-Piven

org_chart_howard_piveni

rules-for-radicals

obama-read

obama_rules_radicals

rules_radicals

barack-meme-generator-using-cloward-piven-usa-will-be-bankrupt-and-ripe-for-communist-revolutionrules-for-radicals (1)

the-cloward-piven-model-spendgali-politics

Saul Alinsky’s 12 Rules for Radicals

Here is the complete list from Alinsky.

* RULE 1: “Power is not only what you have, but what the enemy thinks you have.” Power is derived from 2 main sources – money and people. “Have-Nots” must build power from flesh and blood. (These are two things of which there is a plentiful supply. Government and corporations always have a difficult time appealing to people, and usually do so almost exclusively with economic arguments.)
* RULE 2: “Never go outside the expertise of your people.” It results in confusion, fear and retreat. Feeling secure adds to the backbone of anyone. (Organizations under attack wonder why radicals don’t address the “real” issues. This is why. They avoid things with which they have no knowledge.)
* RULE 3: “Whenever possible, go outside the expertise of the enemy.” Look for ways to increase insecurity, anxiety and uncertainty. (This happens all the time. Watch how many organizations under attack are blind-sided by seemingly irrelevant arguments that they are then forced to address.)
* RULE 4: “Make the enemy live up to its own book of rules.” If the rule is that every letter gets a reply, send 30,000 letters. You can kill them with this because no one can possibly obey all of their own rules. (This is a serious rule. The besieged entity’s very credibility and reputation is at stake, because if activists catch it lying or not living up to its commitments, they can continue to chip away at the damage.)
* RULE 5: “Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions. (Pretty crude, rude and mean, huh? They want to create anger and fear.)
* RULE 6: “A good tactic is one your people enjoy.” They’ll keep doing it without urging and come back to do more. They’re doing their thing, and will even suggest better ones. (Radical activists, in this sense, are no different that any other human being. We all avoid “un-fun” activities, and but we revel at and enjoy the ones that work and bring results.)
* RULE 7: “A tactic that drags on too long becomes a drag.” Don’t become old news. (Even radical activists get bored. So to keep them excited and involved, organizers are constantly coming up with new tactics.)
* RULE 8: “Keep the pressure on. Never let up.” Keep trying new things to keep the opposition off balance. As the opposition masters one approach, hit them from the flank with something new. (Attack, attack, attack from all sides, never giving the reeling organization a chance to rest, regroup, recover and re-strategize.)
* RULE 9: “The threat is usually more terrifying than the thing itself.” Imagination and ego can dream up many more consequences than any activist. (Perception is reality. Large organizations always prepare a worst-case scenario, something that may be furthest from the activists’ minds. The upshot is that the organization will expend enormous time and energy, creating in its own collective mind the direst of conclusions. The possibilities can easily poison the mind and result in demoralization.)
* RULE 10: “If you push a negative hard enough, it will push through and become a positive.” Violence from the other side can win the public to your side because the public sympathizes with the underdog. (Unions used this tactic. Peaceful [albeit loud] demonstrations during the heyday of unions in the early to mid-20th Century incurred management’s wrath, often in the form of violence that eventually brought public sympathy to their side.)
* RULE 11: “The price of a successful attack is a constructive alternative.” Never let the enemy score points because you’re caught without a solution to the problem. (Old saw: If you’re not part of the solution, you’re part of the problem. Activist organizations have an agenda, and their strategy is to hold a place at the table, to be given a forum to wield their power. So, they have to have a compromise solution.)
* RULE 12: Pick the target, freeze it, personalize it, and polarize it.” Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions. (This is cruel, but very effective. Direct, personalized criticism and ridicule works.)

dependencyrulers

cycle of government dependency

John Stossel – A Nation Of Moochers

John Stossel – Serious Crony Capitalism

How Crony Capitalism Corrupts the Free Market | David Stockman

David Stockman on TARP, the Fed, Ron Paul and Reagan [FULL VERSION]

The Forgotten Cause of Sound Money | David Stockman

Carmen Reinhart on Financial Crisis and Fiscal Policy

Kenneth Rogoff – Why Austerity is right & Growth is critical (19.12.12)

Record Number Of Americans Receiving Disability Benefits – Stuart Varney – America’s Newsroom

Number Of People On Food Stamps Up 70% Since 2008 – America’s News HQ

Economics 101-The Dangers Of Government Dependency

Opinion: The Government Dependency Trap

Land of The Freebies, Home of the Enslaved

Is Government Dependence the New American Way – Working Doesn’t Pay

Welfare fraud investigation

Mark Levin: The Cloward Piven & Obama strategy

Matthew Vadum on Glenn Beck Program, May 28, 2009 (replayed June 4, 2009)

Glenn Beck Learns About Cloward-Piven Strategy of Orchestrated Crisis

The Cloward/Piven Strategy 1

The Cloward/Piven Strategy 2

The Cloward/Piven Strategy 3

The Cloward/Piven Strategy 4

The Cloward/Piven Strategy 5

The Cloward/Piven Strategy 6

Frances Fox Piven’s opinion of Glenn Beck

Professor Frances Fox Piven on Glenn Beck targeting her

Saul Alinsky speaking at UCLA 1/17/1969

Alinsky for Dummies (Mr. Joseph A. Morris – Acton Institute)

02-05-13 Macro Analytics – The Cloward Piven Strategy

What In The World Is Cloward-PIven (and is it working?)

The End of America….The Cloward-Piven Strategy

complete cloward piven strategy project

Cloward Piven Strategy

Fall 2010 Marc Sumerlin Lecture Series Featuring Prof. Carmen Reinhart

MILTON FRIEDMAN-what alinsky never told obama..

Milton Friedman Versus A Socialist

Thomas Sowell – Frances Fox Piven vs. Milton Friedman

Obama’s Vision for America by Thomas Sowell!

Thomas Sowell and a Conflict of Visions

Blues Brothers – Minnie the Moocher (Cab Calloway)

 

Barack Obama and the Strategy of Manufactured Crisis

America waits with bated breath while Washington struggles to bring the U.S. economy back from the brink of disaster. But many of those same politicians caused the crisis, and if left to their own devices will do so again.

Despite the mass media news blackout, a series of books, talk radio and the blogosphere have managed to expose Barack Obama’s connections to his radical mentors — Weather Underground bombers William Ayers and Bernardine Dohrn, Communist Party member Frank Marshall Davis and others. David Horowitz and his Discover the Networks.org have also contributed a wealth of information and have noted Obama’s radical connections since the beginning.
Yet, no one to my knowledge has yet connected all the dots between Barack Obama and the Radical Left. When seen together, the influences on Obama’s life comprise a who’s who of the radical leftist movement, and it becomes painfully apparent that not only is Obama a willing participant in that movement, he has spent most of his adult life deeply immersed in it.
But even this doesn’t fully describe the extreme nature of this candidate. He can be tied directly to a malevolent overarching strategy that has motivated many, if not all, of the most destructive radical leftist organizations in the United States since the 1960s.
The Cloward-Piven Strategy of Orchestrated Crisis
In an earlier post, I noted the liberal record of unmitigated legislative disasters, the latest of which is now being played out in the financial markets before our eyes. Before the 1994 Republican takeover, Democrats had sixty years of virtually unbroken power in Congress – with substantial majorities most of the time. Can a group of smart people, studying issue after issue for years on end, with virtually unlimited resources at their command, not come up with a single policy that works? Why are they chronically incapable?
Why?
One of two things must be true. Either the Democrats are unfathomable idiots, who ignorantly pursue ever more destructive policies despite decades of contrary evidence, or they understand the consequences of their actions and relentlessly carry on anyway because they somehow benefit.
I submit to you they understand the consequences. For many it is simply a practical matter of eliciting votes from a targeted constituency at taxpayer expense; we lose a little, they gain a lot, and the politician keeps his job. But for others, the goal is more malevolent – the failure is deliberate. Don’t laugh. This method not only has its proponents, it has a name: the Cloward-Piven Strategy. It describes their agenda, tactics, and long-term strategy.
The Strategy was first elucidated in the May 2, 1966 issue of The Nation magazine by a pair of radical socialist Columbia University professors, Richard Andrew Cloward and Frances Fox Piven. David Horowitz summarizes it as:
The strategy of forcing political change through orchestrated crisis. The “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.
Cloward and Piven were inspired by radical organizer [and Hillary Clinton mentor] Saul Alinsky:
“Make the enemy live up to their (sic) own book of rules,” Alinsky wrote in his 1989 book Rules for Radicals. When pressed to honor every word of every law and statute, every Judeo-Christian moral tenet, and every implicit promise of the liberal social contract, human agencies inevitably fall short. The system’s failure to “live up” to its rule book can then be used to discredit it altogether, and to replace the capitalist “rule book” with a socialist one. (Courtesy Discover the Networks.org)
Newsmax rounds out the picture:
Their strategy to create political, financial, and social chaos that would result in revolution blended Alinsky concepts with their more aggressive efforts at bringing about a change in U.S. government. To achieve their revolutionary change, Cloward and Piven sought to use a cadre of aggressive organizers assisted by friendly news media to force a re-distribution of the nation’s wealth.
In their Nation article, Cloward and Piven were specific about the kind of “crisis” they were trying to create:
By crisis, we mean a publicly visible disruption in some institutional sphere. Crisis can occur spontaneously (e.g., riots) or as the intended result of tactics of demonstration and protest which either generate institutional disruption or bring unrecognized disruption to public attention.
No matter where the strategy is implemented, it shares the following features:
  1. The offensive organizes previously unorganized groups eligible for government benefits but not currently receiving all they can.
  2. The offensive seeks to identify new beneficiaries and/or create new benefits.
  3. The overarching aim is always to impose new stresses on target systems, with the ultimate goal of forcing their collapse.
Capitalizing on the racial unrest of the 1960s, Cloward and Piven saw the welfare system as their first target. They enlisted radical black activist George Wiley, who created the National Welfare Reform Organization (NWRO) to implement the strategy. Wiley hired militant foot soldiers to storm welfare offices around the country, violently demanding their “rights.” According to a City Journal article bySol Stern, welfare rolls increased from 4.3 million to 10.8 million by the mid-1970s as a result, and in New York City, where the strategy had been particularly successful, “one person was on the welfare rolls… for every two working in the city’s private economy.”
According to another City Journal article titled “Compassion Gone Mad“:
The movement’s impact on New York City was jolting: welfare caseloads, already climbing 12 percent a year in the early sixties, rose by 50 percent during Lindsay’s first two years; spending doubled… The city had 150,000 welfare cases in 1960; a decade later it had 1.5 million.  
The vast expansion of welfare in New York City that came of the NWRO’s Cloward-Piven tactics sent the city into bankruptcy in 1975. Rudy Giuliani citedCloward and Piven by name as being responsible for “an effort at economic sabotage.” He also credited Cloward-Piven with changing the cultural attitude toward welfare from that of a temporary expedient to a lifetime entitlement, an attitude which in-and-of-itself has caused perhaps the greatest damage of all.
Cloward and Piven looked at this strategy as a gold mine of opportunity. Within the newly organized groups, each offensive would find an ample pool of foot soldier recruits willing to advance its radical agenda at little or no pay, and expand its base of reliable voters, legal or otherwise. The radicals’ threatening tactics also would accrue an intimidating reputation, providing a wealth of opportunities for extorting monetary and other concessions from the target organizations. In the meantime, successful offensives would create an ever increasing drag on society. As they gleefully observed:
Moreover, this kind of mass influence is cumulative because benefits are continuous. Once eligibility for basic food and rent grants is established, the drain on local resources persists indefinitely.
The next time you drive through one of the many blighted neighborhoods in our cities, or read of the astronomical crime, drug addiction, and out-of-wedlock birth rates, or consider the failed schools, strapped police and fire resources of every major city, remember Cloward and Piven’s thrill that “…the drain on local resources persists indefinitely.”
ACORN, the new tip of the Cloward-Piven spear
In 1970, one of George Wiley’s protégés, Wade Rathke — like Bill Ayers, a member of the radical Students for a Democratic Society (SDS) — was sent to found the Arkansas Community Organizations for Reform Now. While NWRO had made a good start, it alone couldn’t accomplish the Cloward-Piven goals. Rathke’s group broadened the offensive to include a wide array of low income “rights.” Shortly thereafter they changed “Arkansas” to “Association of” andACORN went nationwide.
Today ACORN is involved in a wide array of activities, including housing, voting rights, illegal immigration and other issues. According to ACORN’s website: “ACORN is the nation’s largest grassroots community organization of low-and moderate-income people with over 400,000 member families organized into more than 1,200 neighborhood chapters in 110 cities across the country,” It is perhaps the largest radical group in the U.S. and has been cited for widespread criminal activity on many fronts.
Voting
On voting rights, ACORN and its voter mobilization subsidiary, Project Vote, have been involved nationwide in efforts to grant felons the vote and lobbied heavily for the Motor Voter Act of 1993, a law allowing people to register at motor vehicle departments, schools, libraries and other public places. That law had been sought by Cloward and Piven since the early1980s and they were present, standing behind President Clinton at the signing ceremony.
ACORN’s voter rights tactics follow the Cloward-Piven Strategy:
  • 1. Register as many Democrat voters as possible, legal or otherwise and help them vote, multiple times if possible.
  • 2. Overwhelm the system with fraudulent registrations using multiple entries of the same name, names of deceased, random names from the phone book, even contrived names.
  • 3. Make the system difficult to police by lobbying for minimal identification standards.
In this effort, ACORN sets up registration sites all over the country and has beenfrequently cited for turning in fraudulent registrations, as well as destroying republican applications. In the 2004-2006 election cycles alone, ACORN was accused of widespread voter fraud in 12 states. It may have swung the election for one state governor.
ACORN’s website brags: “Since 2004, ACORN has helped more than 1.7 million low- and moderate-income and minority citizens apply to register to vote.” Project vote boasts 4 million. I wonder how many of them are dead? For the 2008 cycle, ACORN and Project Vote have pulled out all the stops. Given their furious nationwide effort, it is not inconceivable that this presidential race could be decided by fraudulent votes alone.
Barack Obama ran ACORN’s Project Vote in Chicago and his highly successful voter registration drive was credited with getting the disgraced former Senator Carol Moseley-Braun elected. Newsmax reiterates Cloward and Piven’s aspirations for ACORN’s voter registration efforts:
By advocating massive, no-holds-barred voter registration campaigns, they [Cloward & Piven] sought a Democratic administration in Washington, D.C. that would re-distribute the nation’s wealth and lead to a totalitarian socialist state.
Illegal Immigration
As I have written elsewhere, the Radical Left’s offensive to promote illegal immigration is “Cloward-Piven on steroids.” ACORN is at the forefront of this movement as well, and was a leading organization among a broad coalition of radical groups, including Soros’ Open Society Institute, the Service Employees International Union (ACORN founder Wade Rathke also runs a SEIU chapter), and others, that became the Coalition for Comprehensive Immigration Reform. CCIR fortunately failed to gain passage for the 2007 illegal immigrant amnesty bill, but its goals have not changed.
The burden of illegal immigration on our already overstressed welfare system has been widely documented. Some towns in California have even been taken over byillegal immigrant drug cartels. The disease, crime and overcrowding brought by illegal immigrants places a heavy burden on every segment of society and every level of government, threatening to split this country apart at the seams. In the meantime, radical leftist efforts to grant illegal immigrants citizenship guarantee a huge pool of new democrat voters. With little border control, terrorists can also filter in.
Obama aided ACORN as their lead attorney in a successful suit he broughtagainst the Illinois state government to implement the Motor Voter law there. The law had been resisted by Republican Governor Jim Edgars, who feared the law was an opening to widespread vote fraud.
His fears were warranted as the Motor Voter law has since been cited as a major opportunity for vote fraud, especially for illegal immigrants, even terrorists.According to the Wall Street JournalAfter 9/11, the Justice Department found that eight of the 19 hijackers were registered to vote…”
ACORN’s dual offensives on voting and illegal immigration are handy complements. Both swell the voter rolls with reliable democrats while assaulting the country ACORN seeks to destroy with overwhelming new problems.
Mortgage Crisis
And now we have the mortgage crisis, which has sent a shock wave through Wall Street and panicked world financial markets like no other since the stock market crash of 1929. But this is a problem created in Washington long ago.  It originated with the Community Reinvestment Act (CRA), signed into law in 1977 by President Jimmy Carter. The CRA was Carter’s answer to a grassroots activist movement started in Chicago, and forced banks to make loans to low income, high risk customers. PhD economist and former Texas Senator Phil Gramm has called it: “a vast extortion scheme against the nation’s banks.”
ACORN aggressively sought to expand loans to low income groups using the CRA as a whip. Economist Stan Leibowitz wrote in the New York Post:
In the 1980s, groups such as the activists at ACORN began pushing charges of “redlining”-claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.
In fact, minority mortgage applications were rejected more frequently than other applications-but the overwhelming reason wasn’t racial discrimination, but simply that minorities tend to have weaker finances.
ACORN showed its colors again in 1991, by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA.Obama represented ACORN in the Buycks-Roberson v. Citibank Fed. Sav. Bank, 1994 suit against redlining.  Most significant of all, ACORN was the driving force behind a 1995 regulatory revision pushed through by the Clinton Administration that greatly expanded the CRA and laid the groundwork for the Fannie Mae, Freddie Mac borne financial crisis we now confront. Barack Obama was the attorney representing ACORN in this effort. With this new authority, ACORN used its subsidiary, ACORN Housing, to promote subprime loans more aggressively.
As a New York Post article describes it:
A 1995 strengthening of the Community Reinvestment Act required banks to find ways to provide mortgages to their poorer communities. It also let community activists intervene at yearly bank reviews, shaking the banks down for large pots of money.
Banks that got poor reviews were punished; some saw their merger plans frustrated; others faced direct legal challenges by the Justice Department.
Flexible lending programs expanded even though they had higher default rates than loans with traditional standards. On the Web, you can still find CRA loans available via ACORN with “100 percent financing . . . no credit scores . . . undocumented income . . . even if you don’t report it on your tax returns.” Credit counseling is required, of course.
Ironically, an enthusiastic Fannie Mae Foundation report singled out one paragon of nondiscriminatory lending, which worked with community activists and followed “the most flexible underwriting criteria permitted.” That lender’s $1 billion commitment to low-income loans in 1992 had grown to $80 billion by 1999and $600 billion by early 2003.
The lender they were speaking of was Countrywide, which specialized in subprime lending and had a working relationship with ACORN.
The revisions also allowed for the first time the securitization of CRA-regulated loans containing subprime mortgages. The changes came as radical “housing rights” groups led by ACORN lobbied for such loans. ACORN at the time was represented by a young public-interest lawyer in Chicago by the name of Barack Obama. (Emphasis, mine.)
Since these loans were to be underwritten by the government sponsored Fannie Mae and Freddie Mac, the implicit government guarantee of those loans absolved lenders, mortgage bundlers and investors of any concern over the obvious risk. As Bloomberg reported: “It is a classic case of socializing the risk while privatizing the profit.”
And if you think Washington policy makers cared about ACORN’s negative influence, think again. Before this whole mess came down, a Democrat-sponsored bill on the table would have created an “Affordable Housing Trust Fund,” granting ACORN access to approximately $500 million in Fannie Mae and Freddie Mac revenues with little or no oversight.
Even now, unbelievably — on the brink of national disaster — Democrats have insisted ACORN benefit from bailout negotiations! Senator Lindsay Graham reported last night (9/25/08) in an interview with Greta Van Susteren of On the Record that Democrats want 20 percent of the bailout money to go to ACORN!
This entire fiasco represents perhaps the pinnacle of ACORN’s efforts to advance the Cloward-Piven Strategy and is a stark demonstration of the power they wield in Washington.
Enter Barack Obama
In attempting to capture the significance of Barack Obama’s Radical Left connections and his relation to the Cloward Piven strategy, I constructed following flow chart. It is by no means complete. There are simply too many radical individuals and organizations to include them all here. But these are perhaps the most significant.

Cloward Piven Strategy

The chart puts Barack Obama at the epicenter of an incestuous stew of American radical leftism. Not only are his connections significant, they practically define who he is. Taken together, they constitute a who’s who of the American radical left, and guiding all is the Cloward-Piven strategy.

Conspicuous in their absence are any connections at all with any other group, moderate, or even mildly leftist. 
They are all radicals, firmly bedded in the anti-American, communist, socialist, radical leftist mesh.
Saul Alinsky
Most people are unaware that Barack Obama received his training in “community organizing” from Saul Alinsky’s Industrial Areas Foundation. But he did. In and of itself that marks his heritage and training as that of a radical activist. One really needs go no further. But we have.
Bill Ayers
Obama objects to being associated with SDS bomber Bill Ayers, claiming he is being smeared with “guilt by association.” But they worked together at theWoods Fund. The Wall Street Journal added substantially to our knowledge by describing in great detail Obama’s work over five years with SDS bomber Bill Ayers on the board of a non-profit, the Chicago Annenberg Challenge, to push a radical agenda on public school children. As Stanley Kurtz states:
“…the issue here isn’t guilt by association; it’s guilt by participation. As CAC chairman, Mr. Obama was lending moral and financial support to Mr. Ayers and his radical circle. That is a story even if Mr. Ayers had never planted a single bomb 40 years ago.”
Also included in the mix is Theresa Heinz Kerry’s favorite charity, the Tides Foundation. A partial list of Tides grants tells you all you need to know: ACLU, ACORN, Center for American Progress, Center for Constitutional Rights (a communist front,) CAIR, Earth Justice, Institute for Policy Studies (KGB spy nest), National Lawyers Guild (oldest communist front in U.S.), People for the Ethical Treatment of Animals (PETA), and practically every other radical group there is. ACORN’s Wade Rathke runs a Tides subsidiary, the Tides Center.
Carl Davidson and the New Party
We have heard about Bomber Bill, but we hear little about fellow SDS memberCarl Davidson. According to Discover the Networks, Davidson was an early supporter of Barack Obama and a prominent member of Chicago’s New Party, a synthesis of CPUSA members, Socialists, ACORN veterans and other radicals. Obama sought and received the New Party’s endorsement, and they assisted with his campaign. The New Party also developed a strong relationship with ACORN. As an excellent article on the New Party observes: “Barack Obama knew what he was getting into and remains an ideal New Party candidate.”
George Soros
The chart also suggests the reason for George Soros’ fervent support of Obama. The President of his Open Society Institute is Aryeh Neier, founder of the radical Students for a Democratic Society (SDS). As mentioned above, three other former SDS members had extensive contact with Obama: Bill Ayers, Carl Davidson and Wade Rathke. Surely Aryeh Neier would have heard from his former colleagues of the promising new politician. More to the point, Neier is firmly committed to supporting the hugely successful radical organization, ACORN, and would be certain back their favored candidate, Barack Obama.
ACORN
Obama has spent a large portion of his professional life working for ACORN or its subsidiaries, representing ACORN as a lawyer on some of its most critical issues, and training ACORN leaders. Stanley Kurtz’s excellent National Review article, “Inside Obama’s Acorn.” also describes Obama’s ACORN connection in detail. But I can’t improve on Obama’s own words:
I’ve been fighting alongside ACORN on issues you care about my entire career (emphasis added). Even before I was an elected official, when I ran Project Vote voter registration drive in Illinois, ACORN was smack dab in the middle of it, and we appreciate your work. – Barack Obama, Speech to ACORN, November 2007 (Courtesy Newsmax.)
In another excellent article on Obama’s ACORN connections, Newsmax asks a nagging question:
It would be telling to know if Obama, during his years at Columbia, had occasion to meet Cloward and study the Cloward-Piven Strategy.
I ask you, is it possible ACORN would train Obama to take leadership positions within ACORN without telling him what he was training for? Is it possible ACORN would put Obama in leadership positions without clueing him into what his purpose was?? Is it possible that this most radical of organizations would put someone in charge of training its trainers, without him knowing what it was he was training them for?
As a community activist for ACORN; as a leadership trainer for ACORN; as alead organizer for ACORN’s Project Vote; as an attorney representing ACORN’s successful efforts to impose Motor Voter regulations in Illinois; as ACORN’s representative in lobbying for the expansion of high risk housing loans through Fannie Mae and Freddie Mac that led to the current crisis; as a recipient of their assistance in his political campaigns — both with money and campaign workers; it is doubtful that he was unaware of ACORN’s true goals. It is doubtful he was unaware of the Cloward-Piven Strategy.
Fast-forward to 2005 when an obsequious, servile and scraping Daniel Mudd, CEO of Fannie Mae spoke at the Congressional Black Caucus swearing in ceremony for newly-elected Illinois Senator, Barack Obama. Mudd called, the Congressional Black Caucus “our family” and “the conscience of Fannie Mae.”
In 2005, Republicans sought to rein in Fannie and Freddie. Senator John McCain was at the forefront of that effort. But it failed due to an intense lobbying effort put forward by Fannie and Freddie.
In his few years as a U.S. senator, Obama has received campaign contributions of $126,349, from Fannie and Freddie, second only to the $165,400 received by Senator Chris Dodd, who has been getting donations from them since 1988. What makes Obama so special?
His closest advisers are a dirty laundry list of individuals at the heart of the financial crisis: former Fannie Mae CEO Jim Johnson; Former Fannie Mae CEO and former Clinton Budget Director Frank Raines; and billionaire failed Superior Bank of Chicago Board Chair Penny Pritzker.
Johnson had to step down as adviser on Obama’s V.P. search after this gem came out:
An Office of Federal Housing Enterprise Oversight (OFHEO) report[1] from September 2004 found that, during Johnson’s tenure as CEO, Fannie Mae had improperly deferred $200 million in expenses. This enabled top executives, including Johnson and his successor, Franklin Raines, to receive substantial bonuses in 1998.[2] A 2006 OFHEO report[3] found that Fannie Mae had substantially under-reported Johnson’s compensation. Originally reported as $6-7 million, Johnson actually received approximately $21 million.
Obama denies ties to Raines but the Washington Post calls him a member of “Obama’s political circle.” Raines and Johnson were fined $3 million by the Office of Federal Housing Oversight for their manipulation of Fannie books. The fine is small change however, compared to the $50 million Raines was able to obtain in improper bonuses as a result of juggling the books.
Most significantly, Penny Pritzker, the current Finance Chairperson of Obama’s presidential campaign helped develop the complicated investment bundling of subprime securities at the heart of the meltdown. She did so in her position as shareholder and board chair of Superior Bank. The Bank failed in 2001, one of the largest in recent history, wiping out $50 million in uninsured life savings of approximately 1,400 customers. She was named in a RICO class action law suit but doesn’t seem to have come out of it too badly.
As a young attorney in the 1990s, Barack Obama represented ACORN in Washington in their successful efforts to expand Community Reinvestment Act (CRA) authority. In addition to making it easier for ACORN groups to force banks into making risky loans, this also paved the way for banks like Superior to package mortgages as investments, and for the Government Sponsored Enterprises Fannie Mae and Freddie Mac to underwrite them. These changes created the conditions that ultimately lead to the current financial crisis.
Did they not know this would occur? Were these smart people, led by a Harvard graduate, unaware of the Econ 101 concept of moral hazard that would result from the government making implicit guarantees to underwrite private sector financial risk? They should have known that freeing the high-risk mortgage market of risk, calamity was sure to ensue. I think they did.
Barack Obama, the Cloward-Piven candidate, no matter how he describes himself, has been a radical activist for most of his political career. That activism has been in support of organizations and initiatives that at their heart seek to tear the pillars of this nation asunder in order to replace them with their demented socialist vision. Their influence has spread so far and so wide that despite their blatant culpability in the current financial crisis, they are able to manipulate Capital Hill politicians to cut them into $140 billion of the bailout pie!
God grant those few responsible yet remaining in Washington, DC the strength to prevent this massive fraud from occurring. God grant them the courage to stand up in the face of this Marxist tidal wave.

The Cloward-Piven Strategy Explained

By  Email To A Friend Email To A Friend

Editors Note: Shortly after becoming part of a local Tea Party Group, I became aware of something called The Cloward-Piven Strategy. After researching this topic extensively, I discovered an article written in September, 2008 BEFORE Barack Obama was elected President. The article was written by James Simpson and originally posted at American Thinker. Here’s a link to the original post if you’d like to check it out. Mr. Simpson has graciously given us permission to repost the article here and will be contributing other material to this site in the future. We are looking forward to his further investigations! As far was TeaPartyConnect.com is concerned, this article should be required reading for all Tea Party members.
TheGuru

The Cloward-Piven Strategy, Part II:
Barack Obama and the Strategy of Manufactured Crisis

America waits with bated breath while Washington struggles to bring the U.S. economy back from the brink of disaster. But many of those same politicians caused the crisis, and if left to their own devices will do so again.

Despite the mass media news blackout, a series of books, talk radio and the blogosphere have managed to expose Barack Obama’s connections to his radical mentors – Weather Underground bombers William Ayers and Bernardine Dohrn, Communist Party member Frank Marshall Davis and others. David Horowitz and his Discover the Networks.org have also contributed a wealth of information and have noted Obama’s radical connections since the beginning.

Yet, no one to my knowledge has connected all the dots between Barack Obama and the Radical Left. When seen together, the influences on Obama’s life comprise a who’s who of the radical leftist movement, and it becomes painfully apparent that not only is Obama a willing participant in that movement, he has spent most of his adult life deeply immersed in it.

But even this doesn’t fully describe the extreme nature of this candidate. He can be tied directly to a malevolent overarching strategy that has motivated many, if not all, of the most destructive radical leftist organizations in the United States since the 1960s.

The Cloward-Piven Strategy of Orchestrated Crisis

In an earlier post, I noted the liberal record of legislative disasters, the latest of which is now being played out in the financial markets before our eyes. Before the 1994 Republican takeover, Democrats had sixty years of virtually unbroken power in Congress – with substantial majorities most of the time. Can a group of smart people, studying issue after issue for years on end, with virtually unlimited resources at their command, not come up with a single policy that works? Why are they chronically incapable?

Why?

One of two things must be true. Either the Democrats are unfathomable idiots, who ignorantly pursue ever more destructive policies despite decades of contrary evidence, or they understand the consequences of their actions and relentlessly carry on anyway because they somehow benefit.

I submit to you they understand the consequences. For many it is simply a practical matter of eliciting votes from a targeted constituency at taxpayer expense; we lose a little, they gain a lot, and the politician keeps his job. But for others, the goal is more malevolent – the failure is deliberate. Don’t laugh. This method not only has its proponents, it has a name: the Cloward-Piven Strategy. It animates their agenda, tactics, and long-term strategy.

The Strategy was first elucidated in the May 2, 1966 issue of The Nation magazine by a pair of radical socialist Columbia University professors, Richard Andrew Cloward and Frances Fox Piven. David Horowitz summarizes it as:

The strategy of forcing political change through orchestrated crisis. The “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.

Cloward and Piven were inspired by radical organizer [and Hillary Clinton mentor] Saul Alinsky:

“Make the enemy live up to their (sic) own book of rules,” Alinsky wrote in his 1989 book Rules for Radicals. When pressed to honor every word of every law and statute, every Judeo-Christian moral tenet, and every implicit promise of the liberal social contract, human agencies inevitably fall short. The system’s failure to “live up” to its rule book can then be used to discredit it altogether, and to replace the capitalist “rule book” with a socialist one. (Courtesy of Discover the Networks.org)

Newsmax rounds out the picture:

Their strategy to create political, financial, and social chaos that would result in revolution blended Alinsky concepts with their more aggressive efforts at bringing about a change in U.S. government. To achieve their revolutionary change, Cloward and Piven sought to use a cadre of aggressive organizers assisted by friendly news media to force a re-distribution of the nation’s wealth.

In their Nation article, Cloward and Piven were specific about the kind of “crisis” they were trying to create:

By crisis, we mean a publicly visible disruption in some institutional sphere. Crisis can occur spontaneously (e.g., riots) or as the intended result of tactics of demonstration and protest which either generate institutional disruption or bring unrecognized disruption to public attention.

 

No matter where the strategy is implemented, it shares the following features:

  • The offensive organizes previously unorganized groups eligible for government benefits but not currently receiving all they can.
  • The offensive seeks to identify new beneficiaries and/or create new benefits.
  • The overarching aim is always to impose new stresses on target systems, with the ultimate goal of forcing their collapse.

Capitalizing on the racial unrest of the 1960s, Cloward and Piven saw the welfare system as their first target. They enlisted radical black activist George Wiley, who created the National Welfare Rights Organization (NWRO) to implement the strategy. Wiley hired militant foot soldiers to storm welfare offices around the country, violently demanding their “rights.” According to a City Journal article by Sol Stern, welfare rolls increased from 4.3 million to 10.8 million by the mid-1970s as a result, and in New York City, where the strategy had been particularly successful, “one person was on the welfare rolls… for every two working in the city’s private economy.”

According to another City Journal article titled “Compassion Gone Mad”:

The movement’s impact on New York City was jolting: welfare caseloads, already climbing 12 percent a year in the early sixties, rose by 50 percent during Lindsay’s first two years; spending doubled… The city had 150,000 welfare cases in 1960; a decade later it had 1.5 million.

The vast expansion of welfare in New York City that came of the NWRO’s Cloward-Piven tactics sent the city into bankruptcy in 1975. Rudy Giuliani cited Cloward and Piven by name as being responsible for “an effort at economic sabotage.” He also credited Cloward-Piven with changing the cultural attitude toward welfare from that of a temporary expedient to a lifetime entitlement, an attitude which in-and-of-itself has caused perhaps the greatest damage of all.

Cloward and Piven looked at this strategy as a gold mine of opportunity. Within the newly organized groups, each offensive would find an ample pool of foot soldier recruits willing to advance its radical agenda at little or no pay, and expand its base of reliable voters, legal or otherwise. The radicals’ threatening tactics also would accrue an intimidating reputation, providing a wealth of opportunities for extorting monetary and other concessions from the target organizations. In the meantime, successful offensives would create an ever increasing drag on society. As they gleefully observed:

Moreover, this kind of mass influence is cumulative because benefits are continuous. Once eligibility for basic food and rent grants is established, the drain on local resources persists indefinitely.

The next time you drive through one of the many blighted neighborhoods in our cities, or read of the astronomical crime, drug addiction, and out-of-wedlock birth rates, or consider the failed schools, strapped police and fire resources of every major city, remember Cloward and Piven’s thrill that “…the drain on local resources persists indefinitely.”

ACORN, the new tip of the Cloward-Piven spear

In 1970, one of George Wiley’s protégés, Wade Rathke – like Bill Ayers, a member of the radical Students for a Democratic Society (SDS) – was sent to found the Arkansas Community Organizations for Reform Now. While NWRO had made a good start, it alone couldn’t accomplish the Cloward-Piven goals. Rathke’s group broadened the offensive to include a wide array of low income “rights.” Shortly thereafter they changed “Arkansas” to “Association of” and ACORN went nationwide.

Today ACORN is involved in a wide array of activities, including housing, voting rights, illegal immigration and other issues. According to ACORN’s website: “ACORN is the nation’s largest grassroots community organization of low- and moderate-income people with over 400,000 member families organized into more than 1,200 neighborhood chapters in 110 cities across the country,” It is perhaps the largest radical group in the U.S. and has been cited for widespread criminal activity on many fronts.

Voting

On voting rights, ACORN and its voter mobilization subsidiary, Project Vote, have been involved nationwide in efforts to grant felons the vote and lobbied heavily for the Motor Voter Act of 1993, a law allowing people to register at motor vehicle departments, schools, libraries and other public places. That law had been sought by Cloward and Piven since the early1980s and they were present, standing behind President Clinton at the signing ceremony.

ACORN’s voter rights tactics follow the Cloward-Piven Strategy:

  1. Register as many democrat voters as possible, legal or otherwise and help them vote, multiple times if possible.
  2. Overwhelm the system with fraudulent registrations using multiple entries of the same name, names of deceased, random names from the phone book, even contrived names.
  3. Make the system difficult to police by lobbying for minimal identification standards.

In this effort, ACORN sets up registration sites all over the country and has been frequently cited for turning in fraudulent registrations, as well as destroying republican applications. In the 2004-2006 election cycles alone, ACORN was accused of widespread voter fraud in 12 states. It may have swung the election for one state governor.

ACORN’s website brags:

“Since 2004, ACORN has helped more than 1.7 million low- and moderate-income and minority citizens apply to register to vote.”

Project Vote boasts 4 million. I wonder how many of them had a pulse. For the 2008 cycle, ACORN and Project Vote have pulled out all the stops. Given their furious nationwide effort, it is not inconceivable that this presidential race could be decided by fraudulent votes alone.

Barack Obama ran ACORN’s Project Vote in Chicago and his highly successful voter registration drive wascredited with getting the disgraced former Senator Carol Moseley-Braun elected. Newsmax reiteratesCloward and Piven’s aspirations for ACORN’s voter registration efforts:

By advocating massive, no-holds-barred voter registration campaigns, they [Cloward & Piven] sought a Democratic administration in Washington, D.C. that would re-distribute the nation’s wealth and lead to a totalitarian socialist state.

Illegal Immigration

As I have written elsewhere, the Radical Left’s offensive to promote illegal immigration is “Cloward-Piven on steroids.” ACORN is at the forefront of this movement as well, and was a leading organization among a broad coalition of radical groups, including Soros’ Open Society Institute, the Service Employees International Union (ACORN founder Wade Rathke also runs a SEIU chapter), and others, that became theCoalition for Comprehensive Immigration Reform. CCIR fortunately failed to gain passage for the 2007 illegal immigrant amnesty bill, but its goals have not changed.

The burden of illegal immigration on our already overstressed welfare system has been widely documented. Some towns in California have even been taken over by illegal immigrant drug cartels. The disease, crime and overcrowding brought by illegal immigrants places a heavy burden on every segment of society and every level of government, threatening to split this country apart at the seams. In the meantime, radical leftist efforts to grant illegal immigrants citizenship guarantee a huge pool of new democrat voters. With little border control, terrorists can also filter in.

Obama aided ACORN as their lead attorney in a successful suit he brought against the Illinois state government to implement the Motor Voter law there. The law had been resisted by Republican Governor Jim Edgars, who feared the law was an opening to widespread vote fraud.

His fears were warranted as the Motor Voter law has since been cited as a major opportunity for vote fraud, especially for illegal immigrants, even terrorists. According to the Wall Street Journal: “After 9/11, the Justice Department found that eight of the 19 hijackers were registered to vote…”

ACORN’s dual offensives on voting and illegal immigration are handy complements. Both swell the voter rolls with reliable democrats while assaulting the country ACORN seeks to destroy with overwhelming new problems.

Mortgage Crisis

And now we have the mortgage crisis, which has sent a shock wave through Wall Street and panicked world financial markets like no other since the stock market crash of 1929. But this is a problem created in Washington long ago. It originated with the Community Reinvestment Act (CRA), signed into law in 1977 by President Jimmy Carter. The CRA was Carter’s answer to a grassroots activist movement started in Chicago, and forced banks to make loans to low income, high risk customers. PhD economist and former Texas Senator Phil Gramm has called it: “a vast extortion scheme against the nation’s banks.”

ACORN aggressively sought to expand loans to low income groups using the CRA as a whip. EconomistStan Leibowitz wrote in the New York Post:

In the 1980s, groups such as the activists at ACORN began pushing charges of “redlining”—claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.

In fact, minority mortgage applications were rejected more frequently than other applications—but the overwhelming reason wasn’t racial discrimination, but simply that minorities tend to have weaker finances.

ACORN showed its colors again in 1991, by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA. Most significant of all, ACORN was the driving force behind a 1995 regulatory revision pushed through by the Clinton Administration that greatly expanded the CRA and laid the groundwork for the Fannie Mae, Freddie Mac borne financial crisis we now confront. Barack Obama was the attorney representing ACORN in this effort. With this new authority, ACORN used its subsidiary,ACORN Housing, to promote subprime loans more aggressively. Barack Obama represented ACORN in this effort.

As a New York Post article describes it:

A 1995 strengthening of the Community Reinvestment Act required banks to find ways to provide mortgages to their poorer communities. It also let community activists intervene at yearly bank reviews, shaking the banks down for large pots of money.

Banks that got poor reviews were punished; some saw their merger plans frustrated; others faced direct legal challenges by the Justice Department.

Flexible lending programs expanded even though they had higher default rates than loans with traditional standards. On the Web, you can still find CRA loans available via ACORN with “100 percent financing . . . no credit scores . . . undocumented income . . . even if you don’t report it on your tax returns.” Credit counseling is required, of course.

Ironically, an enthusiastic Fannie Mae Foundation report singled out one paragon of nondiscriminatory lending, which worked with community activists and followed “the most flexible underwriting criteria permitted.” That lender’s $1 billion commitment to low-income loans in 1992 had grown to $80 billion by 1999 and $600 billion by early 2003.

The lender they were speaking of was Countrywide – rescued by Bank of America in July – which specialized in subprime lending and had a working relationship with ACORN.

Investor’s Business Daily added:

The revisions also allowed for the first time the securitization of CRA-regulated loans containing subprime mortgages. The changes came as radical “housing rights” groups led by ACORN lobbied for such loans. ACORN at the time was represented by a young public-interest lawyer in Chicago by the name of Barack Obama. (Emphasis, mine.)

Since these loans were to be underwritten by the government sponsored Fannie Mae and Freddie Mac, the implicit government guarantee of those loans absolved lenders, mortgage bundlers and investors of any concern over the obvious risk. As Bloomberg reported: “It is a classic case of socializing the risk while privatizing the profit.”

And if you think Washington policy makers cared about ACORN’s negative influence, think again. Before this whole mess came down, a Democrat-sponsored bill on the table would have created an “Affordable Housing Trust Fund,” granting ACORN access to approximately $500 million in Fannie Mae and Freddie Mac revenues with little or no oversight.

Even now, unbelievably – on the brink of national disaster – Democrats have insisted ACORN benefit from bailout negotiations! Senator Lindsay Graham reported Thursday night (9/25/08) in an interview with Greta Van Susteren of On the Record that Democrats want 20 percent of the bailout money to go to ACORN!

This entire fiasco represents perhaps the pinnacle of ACORN’s efforts to advance the Cloward-Piven Strategy and is a stark demonstration of the power they wield in Washington.

Enter Barack Obama.

In attempting to capture the significance of Barack Obama’s Radical Left connections and his connection to the Cloward Piven strategy, I constructed following flow chart. It is by no means complete. There are simply too many radical individuals and organizations to include them all here. But these are perhaps the most significant.

The chart puts Barack Obama at the epicenter of an incestuous stew of American radical leftism. Not only are his connections significant, they practically define who he is. Taken together, they constitute a who’s who of the American Radical Left, and guiding all is the Cloward-Piven strategy.

Conspicuous in their absence are any connections at all with any other group, moderate, or even mildly leftist. They are all radicals, firmly bedded in the anti-American, communist, socialist, radical leftist mesh.

Saul Alinsky

Most people are unaware that Barack Obama received his training in “community organizing” from Saul Alinsky’s Industrial Areas Foundation. But he did. In and of itself that marks his heritage and training as that of a radical activist. One really need go no further. But we have.

Bill Ayers

Obama objects to being associated with SDS bomber Bill Ayers, claiming he is being smeared with “guilt by association.” But they worked together at the Woods Fund. The Wall Street Journal has added substantially to our knowledge by describing in great detail Obama’s work over five years with Ayers on the board of the Chicago Annenberg Challenge, a non-profit Ayers designed to push a radical agenda on public school children. As Stanley Kurtz states: “…the issue here isn’t guilt by association; it’s guilt by participation. As CAC chairman, Mr. Obama was lending moral and financial support to Mr. Ayers and his radical circle. That is a story even if Mr. Ayers had never planted a single bomb 40 years ago.”

Also included in the mix is John and Theresa Heinz Kerry’s favorite charity, the Tides Foundation. A partial list of Tides grants tells you all you need to know: ACLU, ACORN, Center for American Progress, Center for Constitutional Rights (a communist front,) CAIR, Earth Justice, Institute for Policy Studies (KGB spy nest), National Lawyers Guild (oldest communist front in U.S.), People for the Ethical Treatment of Animals (PETA), and practically every other radical group there is. ACORN’s Wade Rathke runs a Tides subsidiary, the Tides Center. No wonder Kerry, Kennedy et al love Obama. Just one big happy family.

Carl Davidson and the New Party

We have heard about Bomber Bill, but we hear little about fellow SDS member Carl Davidson. According toDiscover the Networks, Davidson was an early supporter of Barack Obama and a prominent member of Chicago’s New Party, a synthesis of CPUSA members, Socialists, ACORN veterans and other radicals. Obama sought and received the New Party’s endorsement, and they assisted with his campaign. The New Party also developed a strong relationship with ACORN. As an excellent article on the New Party observes: “Barack Obama knew what he was getting into and remains an ideal New Party candidate.”

George Soros

The chart also suggests one reason for George Soros’ fervent support of Obama. The President of his Open Society Institute is Aryeh Neier, founder of the radical Students for a Democratic Society (SDS). As mentioned above, three other former SDS members had extensive contact with Obama: Bill Ayers, Carl Davidson and Wade Rathke. Surely Aryeh Neier would have heard of the promising new politician from his former colleagues. More to the point, Neier is firmly committed to supporting the hugely successful radical organization, ACORN, and would be certain back their favored candidate, Barack Obama. Soros is a natural suspect in this fiasco as he has made all his ill-gotten gains short-selling on national disaster. The extent of his dirty dealings is worthy of its own book.

ACORN

Obama has spent a large portion of his professional life working for ACORN or its subsidiaries, representing ACORN as a lawyer on some of its most critical issues, and training ACORN leaders. Stanley Kurtz’s excellent National Review article, “Inside Obama’s Acorn.” also describes Obama’s ACORN connection in detail. But I can’t improve on Obama’s own words:

I’ve been fighting alongside ACORN on issues you care about my entire career (emphasis added). Even before I was an elected official, when I ran Project Vote voter registration drive in Illinois, ACORN was smack dab in the middle of it, and we appreciate your work. — Barack Obama, Speech to ACORN, November 2007 (Courtesy Newsmax.)

In another excellent article on Obama’s ACORN connections, Newsmax asks a nagging question:

It would be telling to know if Obama, during his years at Columbia, had occasion to meet Cloward and study the Cloward-Piven Strategy.

I will put it more bluntly: Barack Obama is fully aware of the Cloward-Piven strategy and has actively worked to achieve its goals for most of his adult life.

I ask you, is it possible ACORN would train Obama to take leadership positions within ACORN without telling him what he was training for? Is it possible ACORN would put Obama in leadership positions without clueing him into what his purpose was?? Is it possible that this most radical of organizations would put someone in charge of training its trainers, without him knowing what it was he was training them for???

As a community activist for ACORN; as a leadership trainer for ACORN; as a lead organizer for ACORN’s Project Vote; as an attorney representing ACORN’s successful efforts to impose Motor Voter regulations in Illinois; as ACORN’s representative in lobbying for the expansion of high risk housing loans through Fannie Mae and Freddie Mac that led to the current crisis; as a recipient of their assistance in his political campaigns – both with money and campaign workers; it is inconceivable that he was unaware of ACORN’s true goals. It is inconceivable he was unaware of the Cloward-Piven Strategy.

Fast-forward to 2005 when an obsequious, servile and scraping Daniel Mudd, CEO of Fannie Mae spoke at the Congressional Black Caucus swearing in ceremony for newly-elected Illinois Senator, Barack Hussein Obama. Mudd called, the Congressional Black Caucus “our family” and “the conscience of Fannie Mae.”

In 2005, Republicans sought to reign in Fannie and Freddie. Senator John McCain was at the forefront of that effort. But it failed due to an intense lobbying effort put forward by Fannie and Freddie.

In his few years as a U.S. senator, Obama has received campaign contributions of $126,349, from Fannie and Freddie, second only to the $165,400 received by Senator Chris Dodd, who has been getting donations from them since 1988. What makes Obama so special?

His closest advisers are a dirty laundry list of individuals at the heart of the financial crisis: former Fannie Mae CEO Jim Johnson; Former Fannie Mae CEO and former Clinton Budget Director Frank Raines; and billionaire failed Superior Bank of Chicago Board Chair Penny Pritzker.

Johnson had to step down as adviser on Obama’s V.P. search after this gem came out:

An Office of Federal Housing Enterprise Oversight (OFHEO) report[1] from September 2004 found that, during Johnson’s tenure as CEO, Fannie Mae had improperly deferred $200 million in expenses. This enabled top executives, including Johnson and his successor, Franklin Raines, to receive substantial bonuses in 1998.[2] A 2006 OFHEO report[3] found that Fannie Mae had substantially under-reported Johnson’s compensation. Originally reported as $6-7 million, Johnson actually received approximately $21 million.

Obama denies ties to Raines but the Washington Post calls him a member of “Obama’s political circle.” Raines and Johnson were fined $3 million by the Office of Federal Housing Oversight for their manipulation of Fannie books. The fine is small change however, compared to the $50 million Raines was able to obtain in improper bonuses as a result of juggling the books. To add insult to injury, the $3 million fine was paid with Fannie Mae’s insurance fund.

Most significantly, Penny Pritzker, the current Finance Chairperson of Obama’s presidential campaign, helped develop the complicated investment bundling of subprime securities at the heart of the meltdown. She did so in her position as owner and board chair of Superior Bank. The Bank failed in 2001, one of the largest in recent history, wiping out $50 million in life savings of the bank’s approximately 1,400 customers. She was named in a RICO class action law suit but doesn’t seem to have come out of it too badly.

As a young attorney in the 1990s, Barack Obama represented ACORN in Washington in their successful efforts to expand Community Reinvestment Act (CRA) authority. In addition to making it easier for ACORN groups to force banks into making risky loans, this also paved the way for banks like Superior to package mortgages as investments, and for the Government Sponsored Enterprises Fannie Mae and Freddie Mac to underwrite them. These changes created the conditions that ultimately lead to the current financial crisis.

Did they not know this would occur? Were these smart people, led by a Harvard graduate, unaware of the Econ 101 concept of moral hazard that would result from the government making implicit guarantees to underwrite private sector financial risk? They should have known that freeing the high-risk mortgage market of risk, calamity was sure to ensue. I think they did.

Barack Obama, the Cloward-Piven candidate, no matter how he describes himself, has been a radical activist for most of his political career. That activism has been in support of organizations and initiatives that at their heart seek to tear the pillars of this nation asunder in order to replace them with their demented socialist vision. Their influence has spread so far and so wide that despite their blatant culpability in the current financial crisis, they are able to manipulate Capital Hill politicians to cut them into $140 billion of the bailout pie!

God grant those few responsible yet remaining in Washington, DC the strength to prevent this massive fraud from occurring. God grant them the courage to stand up in the face of this Marxist tidal wave.

Jim Simpson is a former White House staff economist and budget analyst. His writings have been published in American ThinkerWashington Times, FrontPage MagazineDefenseWatchSoldier of Fortune and others. His blog is Truth and Consequences.

You can access the other parts of the Cloward-Piven series of articles by James Simpson at the American Daughter Media Center which also includes versions of these articles in Word Document format for downloading and re-printing.

The Cloward-Piven Strategy, Part I: Manufactured Crisis 
The Cloward-Piven Strategy, Part I — print copy
The Cloward-Piven Strategy, Part II: Barack Obama and the Strategy of Manufactured Crisis
The Cloward-Piven Strategy, Part II — print copy
The Cloward-Piven Strategy, Part III: Conspiracy of the Lemmings 
The Cloward-Piven Strategy, Part III — print copy

http://www.teapartyconnect.com/102/the-cloward-piven-strategy-explained/

 

Cloward–Piven strategy

From Wikipedia, the free encyclopedia

The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward and Frances Fox Piven that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of “a guaranteed annual income and thus an end to poverty”. Cloward and Piven were a married couple who were both professors at the Columbia University School of Social Work. The strategy was formulated in a May 1966 article in liberal[1] magazine The Nation titled “The Weight of the Poor: A Strategy to End Poverty”.[2]

The two stated that many Americans who were eligible for welfare were not receiving benefits, and that a welfare enrollment drive would strain local budgets, precipitating a crisis at the state and local levels that would be a wake-up call for the federal government, particularly the Democratic Party. There would also be side consequences of this strategy, according to Cloward and Piven. These would include: easing the plight of the poor in the short-term (through their participation in the welfare system); shoring up support for the national Democratic Party then-splintered by pluralistic interests (through its cultivation of poor and minority constituencies by implementing a national “solution” to poverty); and relieving local governments of the financially and politically onerous burdens of public welfare (through a national “solution” to poverty)[citation needed].

 

 

The strategy

Cloward and Piven’s article is focused on forcing the Democratic Party, which in 1966 controlled the presidency and both houses of the United States Congress, to take federal action to help the poor. They stated that full enrollment of those eligible for welfare “would produce bureaucratic disruption in welfare agencies and fiscal disruption in local and state governments” that would “deepen existing divisions among elements in the big-city Democratic coalition: the remaining white middle class, the working-class ethnic groups and the growing minority poor. To avoid a further weakening of that historic coalition, a national Democratic administration would be constrained to advance a federal solution to poverty that would override local welfare failures, local class and racial conflicts and local revenue dilemmas.”[3] They wrote:

The ultimate objective of this strategy—to wipe out poverty by establishing a guaranteed annual income—will be questioned by some. Because the ideal of individual social and economic mobility has deep roots, even activists seem reluctant to call for national programs to eliminate poverty by the outright redistribution of income.[3]

Michael Reisch and Janice Andrews wrote that Cloward and Piven “proposed to create a crisis in the current welfare system – by exploiting the gap between welfare law and practice – that would ultimately bring about its collapse and replace it with a system of guaranteed annual income. They hoped to accomplish this end by informing the poor of their rights to welfare assistance, encouraging them to apply for benefits and, in effect, overloading an already overburdened bureaucracy.”[4]

Focus on Democrats

The authors pinned their hopes on creating disruption within the Democratic Party. “Conservative Republicans are always ready to declaim the evils of public welfare, and they would probably be the first to raise a hue and cry. But deeper and politically more telling conflicts would take place within the Democratic coalition,” they wrote. “Whites – both working class ethnic groups and many in the middle class – would be aroused against the ghetto poor, while liberal groups, which until recently have been comforted by the notion that the poor are few… would probably support the movement. Group conflict, spelling political crisis for the local party apparatus, would thus become acute as welfare rolls mounted and the strains on local budgets became more severe.”[5]

Reception and criticism

Howard Phillips, chairman of The Conservative Caucus, was quoted in 1982 as saying that the strategy could be effective because “Great Society programs had created a vast army of full-time liberal activists whose salaries are paid from the taxes of conservative working people.”[6]

Liberal commentator Michael Tomasky, writing about the strategy in the 1990s and again in 2011, called it “wrongheaded and self-defeating”, writing: “It apparently didn’t occur to [Cloward and Piven] that the system would just regard rabble-rousing black people as a phenomenon to be ignored or quashed.”[7]

Impact of the strategy

In papers published in 1971 and 1977, Cloward and Piven argued that mass unrest in the United States, especially between 1964 and 1969, did lead to a massive expansion of welfare rolls, though not to the guaranteed-income program that they had hoped for.[8]Political scientist Robert Albritton disagreed, writing in 1979 that the data did not support this thesis; he offered an alternative explanation for the rise in welfare caseloads.

In his 2006 book Winning the Race, political commentator John McWhorter attributed the rise in the welfare state after the 1960s to the Cloward–Piven strategy, but wrote about it negatively, stating that the strategy “created generations of black people for whom working for a living is an abstraction.”[9]

According to historian Robert E. Weir in 2007, “Although the strategy helped to boost recipient numbers between 1966 and 1975, the revolution its proponents envisioned never transpired.”[10]

Some commentators have blamed the Cloward–Piven strategy for the near-bankruptcy of New York City in 1975.[11][12]

Conservative commentator Glenn Beck referred to the Cloward-Piven Strategy often on his Fox News television show, Glenn Beck, during its run from 2009 to 2011, reiterating his opinion that it had helped to inspire President Barack Obama‘s economic policy. On February 18, 2010, for example, Beck said, “you’ve got total destruction of wealth coming … It’s the final phase of the Cloward-Piven strategy, which is collapse the system.”[13]

Richard Kim, writing in 2010 in The Nation (in which the original essay appeared), called such assertions “a reactionary paranoid fantasy …” but says that “the left’s gut reaction upon hearing of it–to laugh it off as a Scooby-Doo comic mystery–does nothing to blunt its appeal or limit its impact.”[14] The Nation later stated that Beck blames the “Cloward-Piven Strategy” for “the financial crisis of 2008, healthcare reform, Obama’s election and massive voter fraud” and has resulted in the posting of much violent and threatening rhetoric by users on Beck’s website, including death threats against Frances Fox Piven.[15] For her part, Piven vigorously continues to defend the original idea, calling its conservative interpretation “lunatic”.[16]

References

  1. Jump up^ Peters, Jeremy W. (November 7, 2010). “Bad News for Liberals May Be Good News for a Liberal Magazine”The New York Times. Retrieved June 17, 2010.
  2. Jump up^ Cloward, Richard; Piven, Frances (May 2, 1966). “The Weight of the Poor: A Strategy to End Poverty”. (Originally published in The Nation).
  3. Jump up to:a b Cloward and Piven, p. 510
  4. Jump up^ Reisch, Michael; Janice Andrews (2001). The Road Not Taken. Brunner Routledge. pp. 144–146. ISBN 1-58391-025-5.
  5. Jump up^ Cloward and Piven, p. 516
  6. Jump up^ Robert Pear (1984-04-15). “Drive to Sign Up Poor for Voting Meets Resistance”. The New York Times.
  7. Jump up^ Glenn Beck and Fran Piven, Michael Tomasky, Michael Tomasky’s BlogThe Guardian, January 24, 2011
  8. Jump up^ Albritton, Robert (December 1979). Social Amelioration through Mass Insurgency? A Reexamination of the Piven and Cloward Thesis. American Political Science Review. JSTOR 1953984.
  9. Jump up^ McWhorter, John, “John McWhorter: How Welfare Went Wrong“, NPR, August 9, 2006.
  10. Jump up^ Weir, Robert (2007). Class in America. Greenwood Press. p. 616. ISBN 978-0-313-33719-2.
  11. Jump up^ Chandler, Richard, “The Cloward–Piven strategy“, The Washington Times, October 15, 2008
  12. Jump up^ Frances Fox Piven: Glenn Beck Seeks ‘Foreign, Dark-Skinned, Intellectual’ Scapegoats, Kyle Olson, BigGovernment.com, February 8, 2010
  13. Jump up^ Beck, Glenn (February 18, 2010). “Study Says We’re Toast”.
  14. Jump up^ Kim, Richard (April 12, 2010). “The Mad Tea Party”The Nation.
  15. Jump up^ “Glenn Beck Targets Frances Fox Piven”The Nation. February 7, 2011.
  16. Jump up^ Piven, F.F. (2011) Crazy Talk and American Politics: or, My Glenn Beck StoryThe Chronicle of Higher Education (The Chronicle Review) 57(25), B4-B5.

http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or DownloadShow 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

[youtube=http://www.youtube.com/watch?v=zw3p2

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

Downsize Federal Government — Eliminate The Department of Energy — Home Energy Score — Government Intervention Into The Private Sector — Videos

Posted on January 13, 2014. Filed under: American History, Banking, Blogroll, College, Communications, Constitution, Demographics, Economics, Education, Energy, Federal Government, Federal Government Budget, Fiscal Policy, history, Macroeconomics, Microeconomics, Monetary Policy, Money, Natural Gas, Nuclear Power, Oil, Philosophy, Photos, Politics, Press, Programming, Psychology, Raves, Regulations, Science, Talk Radio, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , |

us-doe-logodoe-energyscore

home energy score timeline internachi energy rating ben gromicko

ScoreCard

DOE-logo

Our Ever Growing Dependence on Government

TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

Giving Away Money Costs More Than You Think

Downsizing the Federal Government

Downsize the Department of Energy

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

$5 Billion Loan for Solar Energy — Department of Energy

Phil Kerpen on Neil Cavuto to discuss the DOE loan program

Our Ever Growing Dependence on Government

Obamanomics: A Legacy of Wasteful Spending

Why Does Big Business Love Big Government? (Domhoff, Rothbard, and Evers)

G. William Domhoff is a research professor in psychology and sociology at the University of California, Santa Cruz. He is the author of Who Rules America? (1967), Bohemian Grove and Other Retreats: A Study in Ruling-Class Cohesiveness (1974), and other books.

A prolific author and Austrian economist, Murray Rothbard promoted a form of free market anarchism he called “anarcho-capitalism.”

Bill Evers was a resident scholar at Stanford University’s Hoover Institution (and is currently a research fellow there) and also served as Assistant Secretary for the Office of Planning, Evaluation and Policy Development in the U.S. Department of Education from 2007-09.

In this lecture Domhoff, Rothbard, and Evers talk about the “interlocking overlappers” that get together to influence the government, in California and in the country generally. They each spend some time describing what it is that draws businesspeople to market-capturing and rent-seeking behaviors, and take questions from the audience.

Walter Block – Free-Market Environmentalism [Australian Mises Seminar 2012]

How Murray Rothbard Became a Libertarian

The tide is rising for America’s libertarians

By Edward Luce

The new spirit in a rising climate of anti-politics has become an attitude, rather than a movement

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/cc9a31b8-7928-11e3-b381-00144feabdc0.html#ixzz2qJAmizcR

Robert Nozick, the late US libertarian, smoked pot while he was writing Anarchy, State and Utopia. He would applaud the growth of libertarianism among today’s young Americans. Whether it is their enthusiasm for legalised marijuana and gay marriage – both spreading across the US at remarkable speed – or their scepticism of government, US millennials no longer follow President Barack Obama’s cue. Most of America’s youth revile the Tea Party, particularly its south-dominated nativist core. But they are not big-government activists either. If there is a new spirit in America’s rising climate of anti-politics, it is libertarian.

On the face of it this ought to pose a bigger challenge to the Republican party – at least for its social conservative wing. Mr Obama may have disappointed America’s young, particularly the millions of graduates who have failed to find good jobs during his presidency. But he is no dinosaur. In contrast, Republicans such as Rick Santorum, the former presidential hopeful, who once likened gay sex to “man on dog”, elicit pure derision. Even moderate Republicans, such as Chris Christie, who until last week was the early frontrunner for the party’s 2016 nomination, are considered irrelevant. Whether Mr Christie was telling the truth last week, when he denied knowledge of his staff’s role in orchestrating a punitive local traffic jam, is beside the point. Mr Christie’s Sopranos brand of New Jersey politics is not tailored to the Apple generation.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/cc9a31b8-7928-11e3-b381-00144feabdc0.html#ixzz2qJAvkWVr

The opposite is true of Rand Paul, the Kentucky senator, whose chances of taking the 2016 prize rose with Mr Christie’s dented fortunes last week. Unlike Ron Paul, the senator’s father, who still managed to garner a large slice of the youth vote in 2008, Rand Paul eschews the more outlandish fringes of libertarian thought. Rather than promising an isolationist US withdrawal from the world, he touts a more moderate “non-interventionism”. Instead of pledging to end fiat money, he promises to audit the US Federal Reserve – “mend the Fed”, rather than “end the Fed”. Both find echo among the Y generation. So too does his alarmism about the US national debt. Far from being big spenders, millennials are more concerned about US debt than other generations, according to polls. They are also strongly in favour of free trade. More than a third of the Republican party now identifies as libertarian, according to the Cato Institute. Just under a quarter of Americans do so too, says Gallup.

All of which looks ominous for Ted Cruz, the Texan Republican whose lengthy filibuster against Obamacare last year lit the fuse for the US government shutdown. Mr Cruz, also a 2016 aspirant, leads the pugilistic wing of the Republican party that is prepared to burn the house down in order to save the ranch. Although also a Tea Partier, Mr Paul is cultivating a sunnier Reaganesque optimism that draws on the deep roots of US libertarianism. His brand of politics also strikes a chord with those who fear the growth of the US surveillance state – the types who view Edward Snowden (another millennial) as a hero rather than a traitor. Last year the US House of Representatives came within 12 votes of passing a bill to defund the National Security Agency. Mr Paul led the bill in the Senate. Next time they could succeed.

November 2012: While Obama lost ground among white male voters, his 2012 victory was the product of perhaps the most diverse electoral coalition in American history. Voters talk about how they interpret the president’s re-election

What does it mean for the Democrats? In terms of social values, libertarians are almost identical to liberals. Smoking pot and same-sex marriage both meet with big approval. The same is not necessarily true of guns. In spite of recent school massacres, 40 US states now have “concealed weapons” laws – many passed in the past 12 months. Again, millennials are surprisingly sceptical of gun control, say the polls. But it is on economic policy where they really part company with liberals. The Great Depression helped forge a generation of solid Democrats. The same does not appear to be true of the Great Recession. Franklin Roosevelt helped dig people out of misery in the 1930s by providing direct public employment. Mr Obama, on the other hand, has stuck largely to economic orthodoxy. He may have missed a golden opportunity to mould a generation of social democrats.

He has also inadvertently fuelled scepticism about the role of government. Mr Obama came to power in 2008 on a surge of voluntarism. He did so in part by appealing to youthful idealism about public service. That now feels like a long time ago. Distrust in public institutions has continued to rise during his presidency – most strongly among the youngest generation. The share of voters who identify as independents, rather than Democrats or Republicans, recently hit an all-time high of 42 per cent, according to Gallup. This is bad news for established figures in either party – and, indeed, in any walk of life. Hillary Clinton should beware. So should Jeb Bush.

On the minus side, libertarians have no real answer to many of America’s biggest problems – not least the challenges posed to US middle-class incomes by globalisation and technology. Nor are they coherent as a force. Libertarianism is an attitude, rather than an organisation. It is also potentially fickle. Young Americans disdain foreign entanglements. That could change overnight with a big terrorist attack on the homeland. They feel let down by Democrats and hostile to mainstream Republicans. Yet they could flock to an exciting new figure in either party. Theirs is a restless generation that disdains authority. Establishment figures should take note. Tomorrow belongs to them.

http://www.ft.com/cms/s/0/cc9a31b8-7928-11e3-b381-00144feabdc0.html#axzz2qJAO0w8t

DOE Plugs Energy Rating for Homes, Similar to MPG Rating for Cars

The Energy Department on Tuesday is rolling out new, improved software to help Americans measure the energy efficiency of their homes.

DOE says its energy-scoring software — called the Home Energy Scoring Tool — is like a vehicle’s mile-per-gallon rating because it allows homeowners to compare the energy performance of their homes to other homes nationwide. It also provides homeowners with suggestions for improving their homes’ efficiency.

The software is part of the government’s effort to reduce the nation’s energy consumption; but it’s also billed as a way to keep home-retrofitting going, at a time when stimulus funds for weather-proofing have run out.

The Home Energy Scoring Tool “can be a powerful motivator in getting homeowners to make energy efficiency improvements,” DOE says. “It’s also a great way to help trained workers enter the private sector energy improvement market as funding for weatherization efforts decline.”

DOE says its Home Energy Score is useful if you are a homeowner looking to renovate or remodel your home, lower your utility bills, improve the comfort of your home, or reduce your energy usage. Moreover, “the score serves as an official way to document these improvements and thereby enhance your home’s appeal when you’re ready to sell.”

Right now, getting your home scored is voluntary.

To produce a Home Energy Score, a trained, “qualified assessor” comes to your home — for a fee — and collects approximately 40 pieces of data about the home’s “envelope” (e.g., walls, windows, heating and cooling systems) during an hour-long walk-through.

Based on the home’s characteristics, the DOE software estimates the home’s annual energy use, assuming “typical homeowner behavior.” The software then converts the estimated energy use into a score, based on a 10-point scale (10 being the most energy-efficient). The 1-10 scale accounts for differences in weather conditions by using the zip code to assign the house to one of more than 1,000 weather stations.

In addition to showing the home’s current energy efficiency — or inefficiency — the score also shows where a home would rank if all of the energy-saving improvements identified during the home walk-through were made. That may prompt some homeowners to buy new windows or doors, for example, boosting the market for home retro-fitters.

DOE recommends getting a Home Energy Score “as soon as the program becomes available in your area.” The program launched in 2012, and at this time, only single-family homes and townhouses can be scored.

The scoring is available only through DOE’s participating partners, which include state and local governments, utilities, and non-profits. DOE does not determine how much an assessor charges to score a house. “It will depend on what the local market supports.” But DOE says its partners “have indicated plans to charge between $25 and $125 for the Home Energy Score.”

And yes, the size of the home matters because larger homes use more energy.

The Home Energy Score and the associated report is generated through DOE/Lawrence Berkeley National Laboratory software. The 2014 version of DOE’s Home Energy Scoring Tool will be introduced at a webinar on Tuesday.

So far,

home energy scoreThe Home Energy Score is similar to a vehicle’s mile-per-gallon rating, says the U.S. Energy Department. (Graphic is from DOE website)

DOE says more than 8,500 homes have been scored by the Energy Department’s growing network of more than 25 partners and 175 qualified assessors.

The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.

– See more at: http://www.cnsnews.com/news/article/susan-jones/doe-plugs-energy-rating-homes-similar-mpg-rating-cars#sthash.CQAafjhv.9gcKr0Ng.dpuf

http://www.cnsnews.com/news/article/susan-jones/doe-plugs-energy-rating-homes-similar-mpg-rating-cars

Home Energy Assessments

Cathy Zoi on the new Home Energy Score pilot program

Acting Under Secretary Cathy Zoi talks about the new Home Energy Score pilot program that was announced today by Vice President Biden and U.S. Department of Energy Secretary Steven Chu. The Home Energy Score will offer homeowners straightforward, reliable information about their homes’ energy efficiency. A report provides consumers with a home energy score between 1 and 10, and shows them how their home compares to others in their region. The report also includes customized, cost-effective recommendations that will help to reduce their energy costs and improve the comfort of their homes.

200,000 homes weatherized under the Recovery Act

Home Energy Score Pilot Program Launched By DOE

Home Energy Score Qualified Assessor module 1 intro

Home Energy Score Qualified Assessor module 2

Home Energy Score Qualified Assessor module 3

Home Energy Score Qualified Assessor module 4

Home Energy Score Qualified Assessor module 5

Home Energy Score Qualified Assessor module 6

Home Energy Score Qualified Assessor module 7

Home Energy Score Qualified Assessor module 8

Home Energy Score Qualified Assessor module 9

Home Energy Score Qualified Assessor module 10

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

Individualism vs. Collectivism — Videos

Posted on December 21, 2013. Filed under: American History, Blogroll, Communications, Constitution, Economics, Education, Employment, Federal Government, government, government spending, history, Law, liberty, Life, Links, media, People, Philosophy, Photos, Politics, Rants, Raves, Video, Wealth, Wisdom | Tags: , , , , , , , |

individualism_collectivism

ClassicalLiberalism

Ayn Rand – Individualism

Cultural Dimension: me or we

Individualism Vs Collectivism

Individualism vs. Collectivism

Milton Friedman ~ The Escape From Collectivism

Milton Friedman-Collectivism

Hayek on Socialism

Friedrich Hayek: Why Intellectuals Drift Towards Socialism

Milton Friedman on Hayek’s “Road to Serfdom” 1994 Interview 1 of 2

Milton Friedman on Hayek’s “Road to Serfdom” 1994 Interview 2 of 2

Milton Friedman Discusses Collectivism vs Liberalism

G. Edward Griffin- On Individualism v Collectivism #1

G. Edward Griffin- On Individualism v Collectivism #2

G. Edward Griffin- On Individualism v Collectivism #3

G. Edward Griffin- On Individualism v Collectivism #4

G. Edward Griffin – The Collectivist Conspiracy

Ayn Rand: Racism VS. Individualism

Ayn Rand – In Defense of Capitalism

Yaron Brook – Objectivism Is Radical (and Applying It Can Be Hard)

Milton Friedman Interview with Gary Becker (2003)

In Depth with Milton Friedman w/ Q&A (2000)

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

No Tapering! — Spending Addiction Disorder (SAD) — Fed Must Continue Massive Financing of Deficits and Debt of Federal Government — Digital Electronic Money (DEM) Creation Continues At $85 Billion Per Month or $1,020 Billion Per Year Pace — U.S. Economy Stagnating Below 3 Percent GDP Growth Trend Line — U.S. Dollar Devalued — Currency War Continues — Abolish The Fed Videos

Posted on September 19, 2013. Filed under: American History, Banking, Blogroll, College, Communications, Economics, Education, Employment, European History, Federal Government, Federal Government Budget, Fiscal Policy, government spending, history, History of Economic Thought, Inflation, Investments, IRS, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Photos, Politics, Programming, Psychology, Raves, Regulations, Resources, Security, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Unemployment, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , |

5-reasons-the-fed-taper-will-kick-off-in-september

Tracking-the-Fed-September

U.S. National Debt Clock

BUREAU OF THE FISCAL SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
             TABLE 1.  SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  08/13

   PERIOD                                                                     RECEIPTS                OUTLAYS    DEFICIT/SURPLUS (-)
+  ____________________________________________________________  _____________________  _____________________  _____________________
   PRIOR YEAR

     OCTOBER                                                                   163,072                261,539                 98,466
     NOVEMBER                                                                  152,402                289,704                137,302
     DECEMBER                                                                  239,963                325,930                 85,967
     JANUARY                                                                   234,319                261,726                 27,407
     FEBRUARY                                                                  103,413                335,090                231,677
     MARCH                                                                     171,215                369,372                198,157
     APRIL                                                                     318,807                259,690                -59,117
     MAY                                                                       180,713                305,348                124,636
     JUNE                                                                      260,177                319,919                 59,741
     JULY                                                                      184,585                254,190                 69,604
     AUGUST                                                                    178,860                369,393                190,533
     SEPTEMBER                                                                 261,566                186,386                -75,180

       YEAR-TO-DATE                                                          2,449,093              3,538,286              1,089,193

   CURRENT YEAR

     OCTOBER                                                                   184,316                304,311                119,995
     NOVEMBER                                                                  161,730                333,841                172,112
     DECEMBER                                                                  269,508                270,699                  1,191
     JANUARY                                                                   272,225                269,342                 -2,883
     FEBRUARY                                                                  122,815                326,354                203,539
     MARCH                                                                     186,018                292,548                106,530
     APRIL                                                                     406,723                293,834               -112,889
     MAY                                                                       197,182                335,914                138,732
     JUNE                                                                      286,627                170,126               -116,501
     JULY                                                                      200,030                297,627                 97,597
     AUGUST                                                                    185,370                333,293                147,923

       YEAR-TO-DATE                                                          2,472,542              3,227,888                755,345

http://www.fms.treas.gov/mts/mts0813.txt

civilian_labor_participation_rate

InflationAug2013

US-Fed-Funds-Target-Rate

savings

fed_taper_bets

When-To-Taper

fed_taper

wrong_way

US Chairman of the Federal Reserve Ben Bernanke listens to questions as he testifies before a House Budget Committee on Capitol Hill in Washington

2013-09-17-bernanke-hands-over-control

janet_yellen

Tracking-the-Fed-September

Federal Reserve Vice Chair Janet Yellen addresses a conference in Washington

No Fed Taper: What Does It Mean for Your Money? (9/18/13)

Federal Reserve: No Taper (9/18/13)

Ron Paul: Fed Decision To Not Taper Is A Really Bad Sign

Ron Paul: Taper Fakeout Means Fed Is Worried

Breaking News: Federal Reserve Will Not Taper

Rick Santelli Reacts to Federal Reserve No Taper

Why The Fed. Will INCREASE, NOT DECREASE, It’s QE/Money Printing. By Gregory Mannarino

In Business – Fed Taper Pause Fuels Commodities Rally

To Taper, or Not to Taper

FED Says No Taper — We Need A War, Gun Confiscation And Control Of Internet First — Episode 166

JIM RICKARDS: Fed Will TAPER in September or Never, and the Looming MONETARY System COLLAPSE [50]

James Rickards on “Why The Fed Will NOT Taper Quantitative Easing”

Peter Schiff: “The party is coming to an end”.

JIM ROGERS – When the FED stops PRINTING FIAT CURRENCY the COLLAPSE will be here. PREPARE NOW

Fed decision Just idea of tapering caused huge ruckus

Background Articles and Videos

Milton Friedman – Abolish The Fed

Milton Friedman On John Maynard Keynes

Free to Choose Part 3: Anatomy of a Crisis (Featuring Milton Friedman)

Murray Rothbard – To Expand And Inflate

The Founding of the Federal Reserve | Murray N. Rothbard

The Origin of the Fed – Murray N. Rothbard

Murray Rothbard on Hyperinflation and Ending the Fed

Murray N. Rothbard on Milton Friedman (audio – removed noise) part 1/5

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

WASHINGTON (AP) — The Federal Reserve has decided against reducing its stimulus for the U.S. economy, saying it will continue to buy $85 billion a month in bonds because it thinks the economy still needs the support.

The Fed said in a statement Wednesday that it held off on tapering because it wants to see more conclusive evidence that the recovery will be sustained.

Stocks spiked after the Fed released the statement at the end of its two-day policy meeting.

In the statement, the Fed says that the economy is growing moderately and that some indicators of labor market conditions have shown improvement. But it noted that rising mortgage rates and government spending cuts are restraining growth.

The bond purchases are intended to keep long-term loan rates low to spur borrowing and spending.

The Fed also repeated that it plans to keep its key short-term interest rate near zero at least until unemployment falls to 6.5 percent, down from 7.3 percent last month. In the Fed’s most recent forecast, unemployment could reach that level as soon as late 2014.

Many thought the Fed would scale back its purchases. But interest rates have jumped since May, when Fed Chairman Ben Bernanke first said the Fed might slow its bond buys later this year. But Bernanke cautioned that the reduction would hinge on the economy showing continued improvement.

In its statement, the Fed says that the rise in interest rates “could slow the pace of improvement in the economy and labor market” if they are sustained.

The Fed also lowered its economic growth forecasts for this year and next year slightly, likely reflecting its concerns about interest rates.

The statement was approved on a 9-1 vote. Esther George, president of the Federal Reserve Bank of Kansas City, dissented for the sixth time this year. She repeated her concerns that the bond purchases could fuel the risk of inflation and financial instability.

The decision to maintain its stimulus follows reports of sluggish economic growth. Employers slowed hiring this summer, and consumers spent more cautiously.

Super-low rates are credited with helping fuel a housing comeback, support economic growth, drive stocks to record highs and restore the wealth of many Americans. But the average rate on the 30-year mortgage has jumped more than a full percentage point since May and was 4.57 percent last week — just below the two-year high.

The unemployment rate is now 7.3 percent, the lowest since 2008. Yet the rate has dropped in large part because many people have stopped looking for work and are no longer counted as unemployed — not because hiring has accelerated. Inflation is running below the Fed’s 2 percent target.

The Fed meeting took place at a time of uncertainty about who will succeed Bernanke when his term ends in January. On Sunday, Lawrence Summers, who was considered the leading candidate, withdrew from consideration.

Summers’ withdrawal followed growing resistance from critics. His exit has opened the door for his chief rival, Janet Yellen, the Fed’s vice chair. If chosen by President Barack Obama and confirmed by the Senate, Yellen would become the first woman to lead the Fed.

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

Worse Post World War II Recession Followed By Worse U.S. Economic Recovery in 80 Years Since Great Depression of 1933 — Obama’s Economic Policy Mistakes Causing Increased Uncertaintly and Lower Economic Growth and Job Creation — Real GDP Gap Continues — No Real Economic Recovery! — Videos

Posted on July 23, 2013. Filed under: American History, Blogroll, College, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, Health Care, history, History of Economic Thought, Illegal, Immigration, Inflation, Investments, Law, liberty, Life, Links, Macroeconomics, media, Monetary Policy, Money, People, Philosophy, Politics, Psychology, Raves, Regulations, Talk Radio, Tax Policy, Unemployment, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , |

There Will Be No Economic Recovery. Prepare Yourself Accordingly.

The Economic Recovery: A Novel Perspective from Ed Leamer (The Numbers Game with Russ Roberts) mono

Published on Mar  7, 2013

Why has the current recovery from the Great Recession been so mediocre? Ed Leamer of UCLA points out that the last three recessions have all had mediocre recoveries of both output and employment. His explanation is that changes in the manufacturing sector have changed the pattern of layoffs, recalls and hiring during recessions and recoveries. The conversation concludes with a discussion of the forces driving the changes in the labor market and the implications for manufacturing.
1) Why the last three recessions all look different (1:44) 2) Employment growth for last eight recessions (4:12) 3) Why have the last three recessions been so different? (6:13) 4) The jobs cycle in manufacturing (8:52) 5) Excess capacity in construction has created a lag (10:33) 6) Manufacturing output versus manufacturing employment (11:14) 7) What’s the solution to the downturn? (12:20)
LINKS TO DATA REFERENCED — 1. Real GDP Growth From Peak to Peak Charts: FRED — “Real Gross Domestic Product, 3 Decimal (http://research.stlouisfed.org/fred2/…). Note: Calculated using (X1-X0)/(X0), where X0 — recession peak quarter
2. Manufacturing Employment Chart: FRED — “All Employees: Manufacturing”(http://research.stlouisfed.org/fred2/…)

The Numbers Game with Russ Roberts — The Economic Recovery (Part 1)

Published on Sep  5, 2012

According the National Bureau of Economic Research, the US economy recovered from the recession at the beginning of the summer of 2009. Yet the recovery has been disappointing when compared to other recoveries. In this episode of the Numbers Game, John Taylor of Stanford University talks with host Russ Roberts about the nature of the recovery. How does it compare historically to other recoveries? How can we measure the pace of the recovery? The conversation ends with a discussion of possible explanations for why the recovery has been disappointing. 1) What is potential GDP? (0:52) 2) The economy never catches back up to trend (2:38) 3) The 1981 recession (3:16) 4) Is there a correct or potential level of GDP? (4:45) 5) A look at past recoveries (6:13) 6) Friedman and the Plucking Model (8:10) 7) A look at real growth rates in recoveries (8:59) 8) Employment and the recovery (10:20) LINKS TO DATA & PAPERS REFERENCED – 1. 2008-09 and 1981-1982 Recession & Recovery Charts: Real GDP (GDPC1) downloaded from FRED 7/13/12, taken from BEA.gov – http://research.stlouisfed.org/fred2/… Potential GDP (GDPPOT) downloaded from FRED 7/13/12, taken from CBO.gov – http://research.stlouisfed.org/fred2/… 2. 1907-08 and 1893-94 Recession & Recovery Charts: GDP data from NBER, compiled by Nathan Balke and Robert Gordon with adjustments by John Taylor for comparability with earlier charts –http://www.nber.org/data/abc/ Potential GDP calculations by John Taylor using a Hodrick-Prescott trend. 3. The Plucking Model Working Paper: The “Plucking Model” of Business Fluctuations Revisited by Milton Friedman Working Papers in Economics, E-88-48 — Hoover Institution, Stanford University http://hoohila.stanford.edu/workingpa… 4. Growth Rate of Real GDP Chart: Growth Rate calculated from Real GDP (GDPC1) downloaded from FRED 7/13/12, taken from BEA.gov – http://research.stlouisfed.org/fred2/… 5. Change in the Percentage of the Population that is Working Chart: Employment-Population Ratio (EMRATIO) downloaded from FRED 7/13/12, taken from BLS.gov – http://research.stlouisfed.org/fred2/…

The Numbers Game with Russ Roberts — The Economic Recovery (Part 2)

By historical standards, the current recovery from the recession that began in 2007 has been disappointing. As John Taylor of Stanford University’s Hoover Institution and the Department of Economics argues in Part 1 of this discussion on the economy, GDP has not returned to trend, the percent of the population that is working is flat rather than rising, and growth rates are below their usual levels after such a deep slump.

In this episode, Taylor and Number’s Game host Russ Roberts discuss possible explanations for the sluggish recovery: the ongoing slump in construction employment, the effect of housing prices on saving and spending decisions by households, and this recovery’s having been preceded by a financial crisis. Taylor rejects these arguments, arguing instead that the sluggish recovery can be explained by poor economic policy decisions made by the Bush and the Obama administrations.

1) On the argument that there are structural problems in the labor market (0:25)
2) Comparisons to the 1981 recession (2:16)
3) Is this recession special because it followed a financial crisis? (2:46)
4) What can the Great Depression tell us? (3:55)
5) Why is the current recovery so mediocre? (5:32)

LINKS TO DATA & PAPERS REFERENCED –

1. Construction Sector Employment Chart:
Bureau of Labor Statistics- Series CES2000000001, Seasonally Adjusted

2. S&P/Case-Shiller Home Price Indices Chart:
S&P Dow Jones Indices and Fiserv 9-25-12 – http://www.standardandpoors.com

3. Personal Saving as a % of Disposable Income Chart:
BEA NIPA Table 2.1 line 36

4. 2008-09 and 1981-1982 Recession & Recovery Charts:
Real GDP (GDPC1) downloaded from FRED 7/13/12, taken from BEA.gov – http://research.stlouisfed.org/fred2/…
Potential GDP (GDPPOT) downloaded from FRED 7/13/12, taken from CBO.gov – http://research.stlouisfed.org/fred2/…

5. ‘Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record’ by Michael D. Bordo and Joseph G. Haubrich – http://media.hoover.org/sites/default…

6. 1893-94 and 1907-08 Recession & Recovery Charts:
GDP data from NBER, compiled by Nathan Balke and Robert Gordon with adjustments by John Taylor for comparability with earlier charts – http://www.nber.org/data/abc/. Potential GDP calculations by John Taylor using a Hodrick-Prescott trend.

7. 1933-36 Great Depression & Recovery Chart:
GDP data from NBER, compiled originally by Nathan Balke and Robert Gordon – http://www.nber.org/data/abc/.

8. 1929-1940 Unemployment Rate (% of Labor Force) Chart:
Historical Statistics of the United States (Millennial Edition) – Table Ba470-477: Labor Force, Employment, and Unemployment, 1890-1990 – http://hsus.cambridge.org/HSUSWeb/toc…

9.  ‘An Empirical Analysis of the Revival of Fiscal Activism in the 2000s’ by John B. Taylor – http://www.stanford.edu/~johntayl/JEL…

The Numbers Game with Russ Roberts — The Economic Recovery (Part 3)

Here in part 3, Taylor argues that the slow pace of the recovery is due to poor policy decisions made by the Bush and Obama administrations that have increased the amount of uncertainty facing investors, consumers, and employers. Examples include the rising debt forecast, the fiscal cliff, expiring tax provisions, and quantitative easing. Taylor argues that the uncertainty surrounding these policies in the future along with increased regulation have held back the recovery.
LINKS TO DATA & PAPERS REFERENCED –
1. Debt as a Percentage of GDP Chart: Historical debt data – http://www.cbo.gov/publication/21728. Future debt projections –  http://www.cbo.gov/publication/20776 and http://www.cbo.gov/publication/43288
2. Number of Provisions Expiring in the US Tax Code Chart: List of Expiring Tax Provisions – Prepared by the Staff of the Joint Committee on Taxation, various issues – https://www.jct.gov/publications.html….
3. ‘Measuring Economic Policy Uncertainty’ by Scott Baker, Nicholas Bloom and Steven Davis: http://faculty.chicagobooth.edu/steve…
4. An Era of Deregulation (?) Chart: Federal Register Historical Statistics (https://www.federalregister.gov/learn…) Notes: Dates based on calendar year; Excludes preliminary/unrevised pages, blank/skipped pages, and proposed rules pages
5. Number of Federal Workers Employed in Regulatory Activities Chart: Susan Dudley & Melinda Warren “Fiscal Stalemate Reflected in Regulators’ Budget: An Analysis of the U.S. Budget for Fiscal Years 2011 and 2012,”  TSA adjustment obtained from DHS Budget in Brief. http://wc.wustl.edu/files/wc/2012_Reg… and http://www.dhs.gov/xlibrary/assets/mg….
6. ‘Dodd-Frank Progress Report’ by Davis Polk: According to Davis Polk (a firm monitoring Dodd-Frank progress) – “Dodd-Frank Progress Report, November 2012″ http://www.davispolk.com/files/Public…
7. Reserve Balances Chart: H.4.1 Federal Reserve statistical release (reserve balances with Federal Reserve Banks). One can also get data from FRED http://research.stlouisfed.org/fred2/…
8. ‘The 2009 Stimulus Package: Two Years Later’ by John B. Taylor: http://media.hoover.org/sites/default…
9. ‘An Empirical Analysis of the Revival of Fiscal Activism in the 2000s’ by John B. Taylor – http://www.stanford.edu/~johntayl/JEL…
10. Economic Benefits of the ’09 Stimulus Package Chart: Chicago Booth IGM Forum on the Economic Stimulus, 2/15/12 – http://www.igmchicago.org/igm-economi…. IGM Economic Experts Panel – http://www.igmchicago.org/igm-economic-experts-­panel
11. U.S. Misery Index Chart: Bureau of Labor Statistics – Unemployment Rate (http://www.bls.gov/webapps/legacy/cps… CPI-U (ftp://ftp.bls.gov/pub/special.requests/­cpi/cpiai.txt)

Economists Examine Potential for Longer Recession

Milton Friedman – Greed

Milton Friedman – Socialism is Force  

Milton Friedman – The role of government in a free society

Economics on One Foot

JobLossesJan2013

4employment_depth_max

6gdp_depth_max

Background on Recession/Recovery in Perspective

This page places the current economic downturn and recovery into historical (post-WWII) perspective. It compares output and employment changes from the 2007-2009 recession and subsequent recovery with the same data for the 10 previous recessions and recoveries that have occurred since 1946.

This page provides a current assessment of ‘how bad’ the 2007-2009 recession was relative to past recessions, and of how quickly the economy is recovering relative to past recoveries. It will continue to be updated as new data are released. This page does not provide forecasts, and the information should not be interpreted as such.

The  charts provide information about  the length and depth of recessions, and the robustness of recoveries.

Post-WWII Recessions

The Business Cycle Dating Committee of the National Bureau of Economic Research determines the beginning and ending dates of U.S. recessions. http://www.nber.org/cycles.html

        It has determined that the U.S. economy experienced 10 recessions from 1946 through 2006. The committee determined that the 2007-2009 recession began in December 2007 and ended in June of 2009.  Ending dates are typically announced several months after the recession officially ends. Read the June 2009 trough announcement by the NBER.

Length of Recessions

The 10 previous postwar recessions ranged in length from 6 months to 16 months, averaging about 10 1/2 months. The 2007-09 recession  was    the longest recession in the postwar period, at 18 months.

Depth of Recessions

The severity of a recession is determined in part by its length; perhaps even more important is the magnitude of the decline in economic activity. The 2007-09 recession was the deepest recession in the postwar period; at their lowest points employment fell by 6.3 percent and output fell by 5.1 percent.

http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/

US-Real-GDP-Growth-Third-Estimate-for-Q1-2013

fredgraph

20_year_constant_maturity_rate

DGS30

For further information regarding treasury constant maturity data, please refer to:

http://www.federalreserve.gov/releases/h15/current/h15.pdf and http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/yieldmethod.aspx.

M1 Money Stock (M1)

2013-07-08:      2,504.2       Billions of Dollars                    Last 5 Observations

2013-07-01: 2,537.1
2013-06-24: 2,510.0
2013-06-17: 2,494.2
2013-06-10: 2,508.6

Weekly, Ending Monday, Seasonally Adjusted, Updated: 2013-07-19 6:26 AM CDT

M1_Max_630_378

Source: Board of Governors of the Federal Reserve System
Release: H.6 Money Stock Measures
Notes:      

M1 includes funds that are readily accessible for spending. M1 consists of: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler’s checks of nonbank issuers; (3) demand deposits; and (4) other checkable deposits (OCDs), which consist primarily of negotiable order of withdrawal (NOW) accounts at depository institutions and credit union share draft accounts. Seasonally adjusted M1 is calculated by summing currency, traveler’s checks, demand deposits, and OCDs, each seasonally adjusted separately.

Velocity of M1 Money Stock (M1V)

2013:Q1:      6.474       Ratio                    Last 5 Observations

2012:Q4: 6.544
2012:Q3: 6.750
2012:Q2: 6.894
2012:Q1: 6.991

Quarterly, Seasonally Adjusted, Updated: 2013-06-26 9:01 AM CDT

M1V_Max_630_378

Source: Federal Reserve Bank of St. Louis
Release: Money Velocity
Notes:Calculated as the ratio of quarterly nominal GDP (http://research.stlouisfed.org/fred2/series/GDP) to the quarterly average of M1 money stock (http://research.stlouisfed.org/fred2/series/M1SL).
Velocity is a ratio of nominal GDP to a measure of the money supply.  It can be thought of as the rate of turnover in the money supply–that is, the number of times one dollar is used to purchase final goods and services included in GDP.

M2 Money Stock (M2)

2013-07-08:      10,644.6       Billions of Dollars                    Last 5 Observations

2013-07-01: 10,653.4
2013-06-24: 10,573.2
2013-06-17: 10,594.5
2013-06-10: 10,590.3

Weekly, Ending Monday, Seasonally Adjusted, Updated: 2013-07-19 6:26 AM CDT

M2

Source: Board of Governors of the Federal Reserve System
Release: H.6 Money Stock Measures

Notes:M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail MMMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.

Velocity of M2 Money Stock (M2V)

2013:Q1:      1.530       Ratio                    Last 5 Observations

2012:Q4: 1.538
2012:Q3: 1.568
2012:Q2: 1.579
2012:Q1: 1.588

Quarterly, Seasonally Adjusted, Updated: 2013-06-26 9:01 AM CDT

M2_Velocity

Notes:

Calculated as the ratio of quarterly nominal GDP (http://research.stlouisfed.org/fred2/series/GDP) to the quarterly average of M2 money stock (http://research.stlouisfed.org/fred2/series/M2SL).
Velocity is a ratio of nominal GDP to a measure of the money supply.  It can be thought of as the rate of turnover in the money supply–that is, the number of times one dollar is used to purchase final goods and services included in GDP.

US Economic Crisis, Predictions For 2013

So Goes Detroit,Bernanke’s Gold Confession, Obama’s ACA Lies

Karl Denninger on Bernanke’s Last Stand and Unwinding Rehypothecation [PRIME INTEREST 45]

Uncertainty over the cost of new regulations is suppressing business investment & job creation.

Chairman of the Joint Economic Committee, Representative Kevin Brady, presents his opening statement to the committee and witnesses during the JEC hearing “Reducing Unnecessary and Costly Red Tape through Smarter Regulations” on June 26, 2013.

“We’re experiencing the worst economic recovery since WWII.”

CBS: “This Is The Worst Economic Recovery America Has Ever Had”

Obama’s Great Economic Recovery WHERE?

Treasury Yield Curve Methodology
2/26/2009
Page Content

This description was revised and updated on February 26, 2009.

The Treasury’s yield curve is derived using a quasi-cubic hermite spline function. Our inputs are the Close of Business (COB) bid yields for the on-the-run securities. Because the on-the-run securities typically trade close to par, those securities are designated as the knot points in the quasi-cubic hermite spline algorithm and the resulting yield curve is considered a par curve. However, Treasury reserves the option to input additional bid yields if there is no on-the-run security available for a given maturity range that we deem necessary for deriving a good fit for the quasi-cubic hermite spline curve. For example, we are using composites of off-the-run bonds in the 20-year range reflecting market yields available in that time tranche. Previously, a rolled-down 10-year note with a remaining maturity nearest to 7 years was also used as an additional input. That input was discontinued on May 26, 2005.

More specifically, the current inputs are the most recently auctioned 4-, 13-, 26-, and 52-week bills, plus the most recently auctioned 2-, 3-, 5-, 7-, and 10-year notes and the most recently auctioned 30-year bond, plus the composite rate in the 20-year maturity range. The quotes for these securities are obtained at or near the 3:30 PM close each trading day. The inputs for the four bills are their bond equivalent yields.

Between August 6, 2004 and June 2, 2008, to reduce volatility in the 1-year Treasury Constant Maturity (CMT) rate, and due to the fact that there were no on-the-run issues between 6-months and 2-years, Treasury used an additional input to insure that the 1-year CMT rate was consistent with on-the-run yields on either side of it’s maturity range. Thus, Treasury interpolated between the secondary bond equivalent yield on the most recently auctioned 26-week bill and the secondary market yield on the most recently auctioned 2-year note and inputted the resulting yield as an additional knot point for the derivation of the daily Treasury Yield Curve. The result of that step was that the 1-year CMT was generally the same as the interpolated rate during that time period. As of June 3, 2008, the interpolated yield was dropped as a yield curve input and the on-the-run 52-week bill was added as an input knot point in the quasi-cubic hermite spline algorithm and resulting yield curve.

Between December 3, 2007 and November 7, 2008, due to Treasury’s discontinuance of 3-year notes, we added a composite rate in the 3-year range based on an average of off-the-run securities in that time tranche.  This composite was replaced on November 10, 2008 with the on-the-run 3-year note upon its reintroduction.

Treasury does not provide the computer formulation of our quasi-cubic hermite spline yield curve derivation program. However, we have found that most researchers have been able to reasonably match our results using alternative cubic spline formulas.

Treasury reviews its yield curve derivation methodology on a regular basis and reserves the right to modify, adjust or improve the methodology at its option. If Treasury determines that the methodology needs to be changed or updated, Treasury will revise the above description to reflect such changes.

Yield curve rates are usually available at Treasury’s interest rate web sites by 6:00 PM Eastern Time each trading day, but may be delayed due to system problems or other issues. Every attempt is made to make this data available as soon as possible.

Office of Debt Management Department of the Treasury

 FINANCIAL MANAGEMENT SERVICE
STAR – TREASURY FINANCIAL DATABASE
TABLE 1.  SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS)

ACCOUNTING DATE:  06/13

PERIOD                                                                     RECEIPTS                OUTLAYS    DEFICIT/SURPLUS (-)
+  ____________________________________________________________  _____________________  _____________________  _____________________
PRIOR YEAR

OCTOBER                                                                   163,072                261,539                 98,466
NOVEMBER                                                                  152,402                289,704                137,302
DECEMBER                                                                  239,963                325,930                 85,967
JANUARY                                                                   234,319                261,726                 27,407
FEBRUARY                                                                  103,413                335,090                231,677
MARCH                                                                     171,215                369,372                198,157
APRIL                                                                     318,807                259,690                -59,117
MAY                                                                       180,713                305,348                124,636
JUNE                                                                      260,177                319,919                 59,741
JULY                                                                      184,585                254,190                 69,604
AUGUST                                                                    178,860                369,393                190,533
SEPTEMBER                                                                 261,566                186,386                -75,180

YEAR-TO-DATE                                                          2,449,093              3,538,286              1,089,193

CURRENT YEAR

OCTOBER                                                                   184,316                304,311                119,995
NOVEMBER                                                                  161,730                333,841                172,112
DECEMBER                                                                  269,508                270,699                  1,191
JANUARY                                                                   272,225                269,342                 -2,883
FEBRUARY                                                                  122,815                326,354                203,539
MARCH                                                                     186,018                292,548                106,530
APRIL                                                                     406,723                293,834               -112,889
MAY                                                                       197,182                335,914                138,732
JUNE                                                                      286,627                170,126               -116,501

YEAR-TO-DATE                                                          2,087,143              2,596,968                509,825

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

Friedrich August von Hayek: The Road To Serfdom — Videos

Posted on April 10, 2013. Filed under: American History, Banking, Blogroll, Business, College, Communications, Economics, Education, Employment, European History, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, history, History of Economic Thought, Inflation, Language, Law, liberty, Life, Links, Literacy, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Raves, Tax Policy, Video, Wealth, Wisdom | Tags: , , , , , |

Cover_TheRoadToSerfdom

Friedrich August von Hayek – Profile / Biography (1/4)

The Intellectual Portrait Series: The Life and Thought of Friedrich A. Hayek (Indianapolis: Liberty Fund, 2003)

Friedrich August von Hayek – Profile / Biography (2/4)

Friedrich August von Hayek – Profile / Biography (3/4)

Friedrich August von Hayek – Profile / Biography (4/4)

The Life & Thought of Friedrich Hayek 

The Intellectual Portrait Series: The Life and Thought of Friedrich A. Hayek (Indianapolis: Liberty Fund, 2003)

The Road to Serfdom 

Hayek on The Road to Serfdom

Inside the Hayek Equation: An Interview with Friedrich von Hayek 

Hayek: Fighting the Planners part 1 of 4

Hayek: Fighting the Planners part 2 of 4

Hayek: Fighting the Planners part 3 of 4

Hayek: Fighting the Planners part 4 of 4

Milton Friedman on Hayek’s “Road to Serfdom” 1994 Interview 1 of 2

Milton Friedman on Hayek’s “Road to Serfdom” 1994 Interview 2 of 2

Hayek and Friedman: Head to Head | Roger W. Garrison

Glenn Beck -6/8/2010- The Road to Serfdom

Hayek, the Market Order and the Fatal Conceit 

Related Posts On Pronk Palisades

Friedrich Hayek–Videos

Friedrich A. Hayek–Interviews–Videos

Inside the Hayek Equation: An Interview with Friedrich von Hayek–Video

An Interview with Friedrich Hayek–Videos

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

Santa Obama’s $9 Minimum Wage: Good Propaganda, Bad Economics–Videos

Posted on February 19, 2013. Filed under: American History, Blogroll, Business, College, Communications, Demographics, Diasters, Economics, Education, Employment, Federal Government, Fiscal Policy, government spending, history, History of Economic Thought, Inflation, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Narcissism, People, Philosophy, Politics, Psychology, Public Sector, Rants, Raves, Regulations, Resources, Talk Radio, Technology, Unemployment, Unions, Video | Tags: , , , , , , , , , , , , , |

Santa Obama’s $9 minimum wage: good propaganda, bad economics

By Raymond Thomas Pronk

Presidential economic policies like the proverbial “road to hell” are often paved with good intentions.

In his 2013 State of the Union address, President Barack Obama said:

“Even with the tax relief we’ve put in place, a family with two kids that earns the minimum wage still lives below the poverty line. That’s wrong. Tonight, let’s declare that in the wealthiest nation on Earth, no one who works full time should have to live in poverty and raise the federal minimum wage to $9 an hour. This single step would raise the incomes of millions of working families. It could mean the difference between groceries or the food bank; rent or eviction; scraping by or finally getting ahead. For businesses across the country, it would mean customers with more money in their pockets.”

Why not increase the minimum wage to $18 per hour and win America’s war on poverty?

What are the economic consequences or impact of a $9 minimum wage on young high school and college students seeking employment? A decidedly negative impact if economic history is any guide.

The large increase in teenage unemployment is partly driven by the increase in the minimum wage. When the minimum wage rate was increased in July 2008 from $5.85 to $6.55 there was an upward spike in the teenage unemployment rate to greater than 20 percent. When the minimum wage was again increased in July 2009 from $6.55 to its current rate of $7.25, there was another upward spike in the teenage unemployment rate to greater than 25 percent. This rising trend of upward spikes in teenage unemployment rates after an increase in the minimum wage is reflected in the following chart.

Unemployment rate or percent of 16-19 years from 1948 to present

             unemployment_rate_1948_present_16_19-years_edited           

Source: Bureau of Labor Statistics, Department of Labor

David Neumark, professor of economics at the University of California, Irvine and William L. Wascher, deputy director in the Division of Research and Statistics at the Federal Reserve Board, in their book, “Minimum Wages,” provide a comprehensive review of the evidence on the economic effects of minimum wage laws. They concluded that such laws reduce employment opportunities for less-skilled workers, tend to reduce their earnings and are not very effective in reducing poverty.

If Congress passes an increase in the minimum wage to $9 as proposed by Obama, young, inexperienced, low-skill workers, especially blacks and Hispanics, will again be hurt for they will not be hired by businesses who cannot afford to pay them the higher mandated minimum wage. This will be reflected in yet another spike upward in the teenage unemployment rate that might exceed 30 percent.

Furthermore, young American citizens, especially blacks and Hispanics, will face stiff competition from the more than 11 million illegal aliens who predominantly seek low-skilled jobs. Obama and progressives in both the Democratic and Republican parties want to grant these illegal aliens immediate legal status to work in the U.S.

Obama is repeating the past economic policy mistakes of progressive presidents from both political parties such as Hoover, Roosevelt, Truman, Johnson, Nixon, Carter and the Bushes in mandating higher than free market wage rates. These well-intentioned but massive government interventionist economic policies lead to prolonged depressions and recessions with high unemployment rates, especially for young, inexperienced, low skilled and minority workers.

Thirty years ago the black economist, Walter E. Williams, explored the effects of federal and state government intervention into the economy, including minimum wage laws, in the PBS documentary, Good Intentions, based upon his 1982 book, “The State Against Blacks.” Those favoring a rise in the federal minimum wage would be well advised to view this video together with “Milton Friedman on the Minimum Wage” on YouTube before advocating an increase in the minimum wage.

For young American citizens an entry-level job paying a lower competitive market wage rate is preferable to no job at a higher government mandated minimum wage.

Good intentions are not enough. Results measured in jobs created count.

Raymond Thomas Pronk is host of the Pronk Pops Show on KDUX web radio from 3-5 p.m. Fridays and author of the companion blog http://www.pronkpops.wordpress.com/

Digital Age-Why is Coolidge the Forgotten President?-Amity Shlaes

Sumner’s Explanation of The Forgotten Man – Revised for the 21st Century

Sumner’s Explanation of The Forgotten Man – Revised for the 21st
Century

By Joshua Lyons 9/25/09

As soon as A observes something which seems to him to be wrong,  from which X is suffering, A talks it over  with B, and A and B then propose to get a law passed – with the praise of Y – to remedy  the evil and help X.

Their law always proposes to determine  what C shall do for X or, in the better case,  what A, B and C shall do for  X.

As for A and B, who get a  law to make themselves do for X what they are willing to do for  him, we have nothing to say except that they might better have done it without  any law, but C is forced to comply with the new law.

All this  is done while Y looks on with glee and proclaims that  A and B are so good for helping poor  X.

A is the  politician
B is the humanitarian, special interest, do-gooder, reformer, social speculator, etc.
C is The Forgotten Man (i.e. you, me, us)
X is the downtrodden, the oppressed, the little guy, the misunderstood, etc.
Y is the Mainstream Media

In other words…
As soon as THE POLITICIAN observes something which seems to him to be wrong, from which THE DOWNTRODDEN is suffering, THE POLITICIAN talks it over with THE HUMANITARIAN, and THE POLITICIAN and THE HUMANITARIAN then propose to get a law passed – with the praise of THE MAINSTREAM MEDIA – to remedy the evil and help THE DOWNTRODDEN.

Their law always proposes to determine what THE FORGOTTEN MAN shall do for THE DOWNTRODDEN or, in the
better case, what THE POLITICIAN, THE HUMANITARIAN and THE FORGOTTEN MAN shall do for THE DOWNTRODDEN.

As for THE POLITICIAN and THE HUMANITARIAN, who get a law to make themselves do for THE DOWNTRODDEN what they are willing to do for him, we have
nothing to say except that they might better have done it without any law, but THE FORGOTTEN MAN is forced to comply with the new law.

All this is done while THE MAINSTREAM MEDIA looks on with glee and proclaims that THE POLITICIAN and THE HUMANITARIAN are so good for helping poor THE DOWNTRODDEN.

The preceding commentary was based on William Graham Sumner’s explanation of The Forgotten Man.

http://forgottenmenblog.blogspot.com/2009/09/sumners-explanation-of-forgotten-man.html

MinimumWage

food-stamps-minimum-wage-graph-1970-2010-no-population

The Truth about the Minimum Wage

Obama: “Raise Minimum Wage to $9 an Hour” – SOTU 2013

More on Minimum Wage

Obama’s $9/Hour SOTU Minimum Wage 

 Milton Friedman on Minimum Wage

Power of the Market – Minimum Wage

Williams with Sowell – Minimum Wage

The Job-Killing Impact of Minimum Wage Laws

“Good Intentions” by Dr. Walter Williams

Dr. Walter Williams’ 1982 PBS documentary “Good Intentions” based on his book, “The State Against Blacks”. The documentary was very controversial at the time it was released and led to many animosities and even threats of murder.

In “Good Intentions”, Dr. Williams examines the failure of the war on poverty and the devastating effect of well meaning government policies on blacks asserting that the state harms people in the U.S. more than it helps them. He shows how government anti-poverty programs have often locked people into poverty making the points that:

– being forced to attend 3rd rate public schools leave students unprepared for working life
– minimum wages prevent young people from obtaining jobs at an early age
– licensing and labor laws have had the effect of restricting entrance of blacks into the skilled trades and unions
– the welfare system creates perverse incentives for the poor to make bad choices they otherwise would not

Dr. Williams presents the following solutions to these problems:

Failing Public Schools – Give parents greater control over their children’s education by setting up a tuition tax credit or voucher system to broaden competition in turn revitalizing both public and non-public schools

Minimum Wages – Remove the minimum wage from youngsters to give more young people the chance to learn the world of work at an early age instead spending their free time idle an possibly falling into the habits of the street

Restrictive Labor Laws, Jobs Programs – Eliminate government roadblocks that prevent new entrepreneurs from starting their own business

Welfare Programs – Enact a compassionate welfare system such as a negative income tax which would remove dependency and dis-incentives for the poor to get themselves out of poverty

Scholars interviewed in the documentary include Donald Eberle, Charles Murray, and George Gilder.

Good Intentions 1 of 3 Introduction and Public Schools with Walter Williams

Good Intentions 2 of 3 Minimum Wage, Licensing, and Labor Laws with Walter

Good Intentions 3 of 3 The Welfare System and Conclusions with Walter Williams 

Government Intervention and Individual Freedom | Walter Williams

Obama: “Time to Pass Immigration Reform” – State of the Union 2013 

Contrasting Views of the Great Depression | Robert P. Murphy

 

Why You’ve Never Heard of the Great Depression of 1920 | Thomas E. Woods, Jr.

Uncommon Knowledge: The Great Depression with Amity Shlaes

Calvin Coolidge: The Best President You’ve Never Heard Of – Amity Shlaes

Amity Shlaes, Author, “Coolidge”

Keep Cool With Coolidge, Not Obama: Obama Reveals His True Hatred of Business

Obama Wants $9 Minimum Wage…

 

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

Conflict of Visions–Obama v. Reagan–Videos

Posted on January 22, 2013. Filed under: American History, Blogroll, College, Communications, Cult, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, history, Investments, Law, liberty, Life, Links, Macroeconomics, media, People, Philosophy, Rants, Raves, Regulations, Religion, Strategy, Talk Radio, Tax Policy, Video, Wealth, Wisdom | Tags: , , , , , , , , |

Barack H. Obama

barack-obama-flag_close_up

Barack Obama 2013 Inauguration Speech

Inauguration 2013: Highlights From Obama’s Speech

Krauthammer: Obama Just Declared That The Era Of ‘Big Government Is Back’

Fox News Panel Reacts To Obama’s Inaugural Address: ‘Call To Arms For A Liberal