Net savings per household fell by 40% in only 3 to 4 years and average income fell 8%. Our "friends" at the not so Federal Reserve did us the favor of adjusting the figures for the inflation they created. But are those figures accurate? The Federal Reserve tells us that inflation is always at 2-4% annually. But an honest economist, like John Williams at ShadowStats.com, will tell you that, by the federal government's own formula of 30 years ago, inflation is more like 10-14% (and unemployment is over 20%). If we take the difference of about 10% inflation annually over 4 years, we've actually lost about 35% more purchasing power than Ben Shalom Bernanke's boys are letting on. And that's ON TOP of the 8% real decline in income.
I speak of course of the Republicans as well as the Democrats who together form The Party of Government. Baby Bush (a.k.a. "Jeb," brother of "Dub-Yuh," endorser of Willard) whines and cries that there are elements of the Republican Party today who believe they are taxed enough already and oppose further tax increases. He cannot stand the fact that there are people who question the notion that prosperity is created by taking money from hard-working taxpayers and giving it to government bureaucrats to spend.
It bothers me a little when conservatives call Barack Obama a ”socialist.” He certainly is an enemy of the free market, and wants politicians and bureaucrats to make the fundamental decisions about the economy. But that does not mean that he wants government ownership of the means of production, which has long been a standard definition of socialism.
The vast majority of Britons now want a referendum on EU membership. DEMANDS for the British people to have a say on our role in Europe got a huge boost yesterday. A new poll showed more than 80 per cent of voters are crying out for a referendum. Nearly half of voters – 49 per cent – want their voices heard straight away, according to the survey.
On 23 May, the Romney campaign released its education policy white paper titled A Chance for Every Child: Mitt Romney's Plan for Restoring the Promise of American Education. If you liked the George W Bush administration's education reforms, you will love the Romney plan. If you think that turning the schools over to the private sector will solve their problems, then his plan will thrill you.
Money continues to evaporate from Greece banks as it heads toward elections likely to vote in a candidate that will lead to an exit from Euro.
CNBC hits the nail on the head as Europe debates bailout package that amounts to a gold confiscation scheme for nation’s hit by the Sovereign debt crisis. Between discussions of gold-backed debt issuance in Europe (from Rick Santelli) and why Europe’s problem is not merely a banking crisis but far worse
If the New York Times had run a story late in the spring of 2008 revealing that the Bush administration, including Karl Rove, met weekly to mull a “kill list” of suspected jihadists, one can be sure that congressional Democrats and liberals would be apoplectic. There might even be people marching in the streets. Now the antiwar left is quiescent.
What should be done with elderly Americans when they become very seriously ill? Should we try to save their lives or should we just let them die? Unfortunately, there is a growing consensus among the "intellectual elite" that most elderly people are not going to have a high enough "quality of life" to justify the expense of costly life saving procedures.
The European Commission has been providing legal advice to others who are considering possible scenarios should Greece leave the euro, a European Union spokesman said. Olivier Bailly said Tuesday that, legally, limits could be imposed on movement of people and money across national borders within the EU if it's necessary to protect public order or public security — but not on economic grounds.
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