There are different ways of calculating unemployment. The data provided by the Bureau of Labor Statistics culls out those who are not seeking employment, which may include people who no longer need to work (because they have retired, their spouse has found a good job, or because their financial situation improved.) Those Americans no longer seeking work, however, may also include those who have simply given up trying to find a job because the market seems hopeless.
It was President Richard M. Nixon, a favorite of the neoconservative establishment, who announced in his first term that "We're all Keynesians now," indicating that the old Republican bible of balanced budgets and a limited role for government in the marketplace was dead forever. Perhaps a future President — no doubt one who, like Nixon, got elected by preaching the virtues of free markets and small government — will look back at the Bretton Woods II Conference and announce grandly: "We're all Sorosians now."
You might be an "economite" if you … prefer city lights to starry skies in wide open spaces; agree that a college education is worth going into significant debt; patronize stores in which the majority of the goods were made in Communist China; believe that illegal immigrants are needed to "do the jobs Americans won’t do"; forego family time to work to afford more expensive gadgets, clothes, and trips; are making minimum payments on credit card debt; subscribe to Forbes magazine; are bored without modern entertainment like sports teams, video games, social networking sites, reality shows, and iTunes; think free-trade agreements (like NAFTA, CAFTA, and KORUS FTA) benefit our economy; support politicians who think economic growth is always beneficial to a community; frequent casinos; or eat to thrive rather than to survive.
Leftist billionaire George Soros (picture, left) has openly advocated for the destruction of American sovereignty, the “managed decline” of the United States dollar, the need for open borders and the “creation of a New World Order.” Soros has also declared the United States to be the greatest obstacle impeding upon the creation of that New World Order and has announced that China would serve as the better leader in the New World Order.
When Terence Jeffrey, writing for CNSNews.com, noted that true federal spending for the fiscal year 2010 wasn’t $3.7 trillion after all, but closer to $11 trillion, he discovered an old accountant’s trick to make things look worse (or better) than they are: either double count, or don’t count at all.
Is there a Shariah threat to America? Some believe so and on Friday’s episode of the Glenn Beck program, guests discussed the threat of Shariah law to the United States and the manipulation of the American public into accepting Shariah through the imposition of Shariah-compliant financing.
Economists at the International Monetary Fund (IMF) warned of U.S. government finances in disarray and out-of-control entitlement spending in a report published earlier this month, predicting a bleak future of significantly higher taxes for Americans even with less government spending.
With the turmoil in the Middle East and the catastrophe in Japan, it is easy to be distracted from the power plays of the global elite. But this week’s ruling by the World Trade Organization declaring $5.3 billion in U. S. government subsidies to Boeing Corporation illegal is a significant episode in the 15-year effort of the WTO to wrest trade sovereignty from the nations of the world and consolidate it under a global authority.
Harvard Professor Gregory Mankiw (picture, left), in writing a hypothetical speech in the New York Times for the President in the year 2026, thinks politicians can kick the entitlements can down the road for another 15 years. His opening could come from any politician’s current teleprompter:
It used to be one of the great cities of a great nation, a thriving, prosperous metropolis humming night and day with the machinery of America’s industrial superiority. In 1950, individuals and families were still streaming to Detroit to work in the ever-growing automotive industry, and as the U.S. Census Bureau crunched the numbers that year they found the Motor City had grown to an astounding population of 1,849,568 people, with the city fathers predicting two million and beyond in the coming years.
Politically astute viewers of the Glenn Beck program know that he is sounding more like Ron Paul and less like a neoconservative every day. Regular viewers also know that Friday’s episodes tend to be a break from the monotony of current events, with a greater focus on foundations, whether it be the founding of this nation, or the foundations of progressivism, etc. The Friday, March 25, episode of the Glenn Beck program focused on one of the foundations of America’s economic woes: the Federal Reserve.