A misconception found even in some academic literature is that the State of the Union is an orally delivered message presented to a joint session of Congress. With a few exceptions, this has been true in the modern era ca.
Some people continue to defend trickle-down theories, which assume [? This opinion, which has never been confirmed by the facts [!
Pope Francis IEvangelii Gaudium, "The Joy of the Gospel," November 26,exclamations and questions added, The European Dream, with its emphasis on collective responsibility and global consciousness Jeremy Rifkin, "The European Dream," Europe is an economic success, and that success shows that social democracy works.
Guess a Nobel [i. Like them, he has driven the U. Then again, neither of his predecessors had such visible evidence of where social democracy ultimately leads. Referendum on Europe," The Wall Street Journal, Tuesday, January 3, Economists agree that a large capital stock is a key ingredient for prosperity, as it expands our productive capacity and raises worker productivity, which in turns increases wages and consumer purchasing power.
Our capital stock is comparatively much smaller today than it was before the Great Depression.
Where there is investment -- a new factory or distribution facility being built, a new store about to open, new software being installed -- that is where new jobs are created.
It is no coincidence that during this period of subpar growth, private capital investment as a percentage of our economy is at post-World-War II lows. Walter WristonCiticorp Chairman, All economic problems are about removing impediments to supply, not demand.
But Keynes, unlike many of his followers, was not a man of the left. Barro Harvard"Keynesian Economics vs.
Regular Economics," The Wall Street Journal, Wednesday, August 24, regarding the demand side "multiplier" The principle of Keynesian economics is to stimulate demand. This done by distorting the labor market through artificially inflating wages or actually fixing wages.
Price manipulation and price fixing always result in either surpluses or shortages of what is manipulated. This part of Keynesian strategy thus increases unemployment, which is the surplus of labor.
The other part of the strategy is public spending, which always ends up being done for political rather than economic reasons, in part because governments cannot successfully engage in macroeconomic calculation. This was predicted by von Mises and Hayek and demonstrated, not just by the economies of the Soviet block, but by almost every government spending program that has ever existed.
Government spending also siphons off capital from the private economy, which inhibits hiring, production, and investment. The whole Keynesian program is thus grotesquely counterproductive, except to the privileged and often connected few to whom the inflated incomes and government money actually flow.
The results are dismal. And so suddenly businesses are doing well, the economy is doing well, and we get into a virtuous cycle. And we go up We believe that when a CEO pays his auto workers enough to buy the cars that they build, the whole economy does better.
The real job creators are the vast middle class and the poor, whose spending induces businesses to create jobs. That is why raising the minimum wage, extending overtime protection, enlarging the Earned Income Tax Credit, and reducing middle-class taxes are all necessary.
Robert Reich, Secretary of Labor,Mar 10, -- so how does a new business hire people before selling anything? Hillary Clinton, at a Democratic rally in Massachusetts, October 24,There is no alternative to strong economic growth.Say's Law and Supply Side Economics.
It should be known that at the beginning of a dynasty, taxation yields a large revenue from small assessments. United States presidential election of , American presidential election held on Nov.
3, , in which Democrat Bill Clinton defeated incumbent Republican Pres. George Bush.
Independent candidate Ross Perot secured nearly 19 percent of the vote—the highest percentage of any third-party candidate in a U.S. presidential election in 80 years. Essay The Presidential Election Of The United States. In the United States of America, citizens are presented the option to take part in elections that decide the leaders of the country’s government.
The main leader, or Commander in Chief, of the nation is known as the President. The election that courts the new president takes place every.
The United States presidential election of was the fourth United States presidential initiativeblog.com was held from Friday, October 31 to Wednesday, December 3, In what is sometimes referred to as the "Revolution of ", Vice President Thomas Jefferson of the Democratic-Republican Party defeated incumbent President .
I. If you are American, SSC endorses voting in this presidential election. Andrew Gelman, Nate Silver, and Aaron Edlin calculate the chance that a single vote will determine the election (ie break a tie in a state that breaks an Electoral College tie).
It ranges from about one in ten million (if you live in a swing state) to one in a billion (if . The United States presidential election of was the third quadrennial presidential election. It was held from Friday, November 4 to Wednesday, December 7, It was held from Friday, November 4 to Wednesday, December 7,