Thursday, January 12, 2012

Economy - #3564 - The Worst Economic Recovery Since the Great Depression - Forbes (2) Gallup: Conservatives Outnumber Liberals Nearly 2 to 1 - The Blaze (2) Poll; Americans, 2 to 1 Fear Obama's Reelection - U.S. News Politics (4) 10 of the Best Economic Quotes from Milton Friedman - Townhall

HAD ENOUGH? DO EVERYTHING YOU CAN TO VOTE OBAMA OUT IN NOVEMBER.....
The record of President Obama’s first three years in office is in, and nothing that happens now can go back and change that. What that record shows is that President Obama, with his throwback, old-fashioned, 1970s Keynesian economics, has put America through the worst recovery from a recession since the Great Depression. The recession started in December, 2007. Go to the website of the National Bureau of Economic Research (www.nber.org) to see the complete history of America’s recessions. What that history reveals is that before this last recession, since the Great Depression recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months. When President Obama entered office in January, 2009, the recession was already in its 13th month. His responsibility was to manage a timely, robust recovery to get America back on track again. Based on the historical record, that recovery was imminent, within a couple of months or so. Despite widespread fear, nothing fundamental had changed to deprive America of the long term, world-leading prosperity it had enjoyed going back 300 years. The National Bureau of Economic Research scored the recession as ending in June, 2009. Yet, today, in the 49th month since the recession started, there has still been no real recovery, like recoveries from previous recessions in America. Read more.......

Gallup: Conservatives Outnumber Liberals Nearly 2 to 1 - The Blaze - While many elements of society seem to surely be shifting ever-further to the left of the political spectrum, a recent Gallup poll released Thursday reveals otherwise. According to the survey, conservatives continue to make up the largest political segment in the country, outnumbering liberals nearly two-to-one.  The Gallup poll shows that 40 percent of Americans consider themselves conservative; 35 percent moderate; and 21 percent view themselves as liberal. The figures are no different than they were in 2010 and conservatives have outnumbered both moderates and liberals for three years running now.  Politico adds:  Conservatives began outstripping moderates in 2008, and the percentage of moderates has declined steadily over the last two decades, from 43 percent 1992 to 35 percent in 2011.  In fact, both self-identified conservatives and liberals have risen in number since the early 1990s, indicating a growing polarization in American politics.  While self-identified conservatives dominate the Republican Party, making up 71 percent, the Democratic Party is more split – 39 percent of Democrats view themselves as liberal, and 38 percent consider themselves moderates.  Read more.......

Poll Americans, 2-1, Fear Obama's Reelection - U.S. News Politics - When it comes to how Americans view President Obama going into the new year, there appears to be very little spirit of Auld Lang Syne. Instead, according to the new Washington Whispers poll, many voters aren't forgetting what they dislike about Obama and want him out of office.  In our New Year's poll, when asked what news event they fear most about 2012, Americans by a margin of two-to-one said Obama's reelection. Only 16 percent said they fear the Democrat won't win a second term, while 33 percent said they fear four more years. [Check out the top political events of 2011]  Next to Obama's reelection, 31 percent of Americans said they feared higher taxes, which may be proof that the president's focus on the payroll tax cut has hit paydirt.  Read more.......  Article contributed by Steve Peters.

10 of the Best Economic Quotes from Milton Friedman - Townhall - Milton Friedman was an extraordinary Nobel Prize-winning economist whose ideas helped underpin modern conservative economic theory. His contributions to economics and the conservative movement cannot be underestimated. Sadly, Milton Friedman passed away a little more than five years ago at the ripe old age of 94. Although Friedman is no longer with us, his words, his ideas, and his legacy live on. In honor of Friedman, here are some of his best quotations.  10) "If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."  9) "I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible."  8) "The most important single central fact about a free market is that no exchange takes place unless both parties benefit." Read more........

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