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Posts Tagged ‘Economy’

USA Global Warming and Climate Change

Thursday, January 17th, 2013

For many years, the United States government has been in denial about global warming; however, a new study mandated by congress, National Climate Assessment and Development Climate Assessment, highlights the impact of global warming on health, infrastructure, water supply, agriculture and in particular more volatile weather.

1. Global climate is changing now and this change is apparent across a wide range of observations. Much of the climate change of the past 50 years is primarily due to human activities.
2. Global climate is projected to continue to change over this century and beyond. The magnitude of climate change beyond the next few decades depends primarily on the amount of heat-trapping gases emitted globally, and how sensitive the climate is to those emissions.
3. U.S. average temperature has increased by about 1.5°F since record keeping began in 1895; more than 80% of this increase has occurred since 1980. The most recent decade was the nation’s warmest on record. U.S. temperatures are expected to continue to rise. Because human-induced warming is superimposed on a naturally varying climate, the temperature rise has not been, and will not be, smooth across the country or over time.
4. The length of the frost-free season (and the corresponding growing season) has been increasing nationally since the 1980s, with the largest increases occurring in the western U.S., affecting ecosystems and agriculture. Continued lengthening of the growing season across the U.S. is projected.
5. Precipitation averaged over the entire U.S. has increased during the period since 1900, but regionally some areas have had increases greater than the national average, and some areas have had decreases. The largest increases have been in the Midwest, southern Great Plains, and Northeast. Portions of the Southeast, the Southwest, and the Rocky Mountain states have experienced decreases. More winter and spring precipitation is projected for the northern U.S., and less for the Southwest, over this century.
6. Heavy downpours are increasing in most regions of the U.S., especially over the last three to five decades. Largest increases are in the Midwest and Northeast. Further increases in the frequency and intensity of extreme precipitation events are projected for most U.S. areas.
7. Certain types of extreme weather events have become more frequent and intense, including heat waves, floods, and droughts in some regions. The increased intensity of heat waves has been most prevalent in the western parts of the country, while the intensity of flooding events has been more prevalent over the eastern parts. Droughts in the Southwest and heat waves everywhere are projected to become more intense in the future.
8. There has been an increase in the overall strength of hurricanes and in the number of strong (Category 4 and 5) hurricanes in the North Atlantic since the early 1980s. The intensity of the strongest hurricanes is projected to continue to increase as the oceans continue to warm; ocean cycles will also affect the amount of warming at any given time. With regard to other types of storms that affect the U.S., winter storms have increased slightly in frequency and intensity, and their tracks have shifted northward over the U.S. Other trends in severe storms, including the numbers of hurricanes and the intensity and frequency of tornadoes, hail, and damaging thunderstorm winds are uncertain and are being studied intensively.
9. Global sea level has risen by about 8 inches since reliable record keeping began in 1880. It is projected to rise another 1 to 4 feet by 2100.
10. Rising temperatures are reducing ice volume and extent on land, lakes, and sea. This loss of ice is expected to continue.
11. The oceans are currently absorbing about a quarter of the carbon dioxide emitted to the atmosphere annually and are becoming more acidic as a result, leading to concerns about potential impacts on marine ecosystems.

President Obama Wins 2012 Election

Tuesday, November 6th, 2012

The statisticians have declared President Obama to be the winner for his re-election bid.

 

The electoral vote at 11:30 PM EST:

Electoral College Votes on Election Day 2012

Electoral College Votes on Election Day 2012

Do Not Wish the Next Presidency on Your Friend

Saturday, November 3rd, 2012

To all those posting about the presidential election, I offer, “Besides… don’t you get it… pity the president who inherits the fiscal cliff. He will feel the pain.”

www.widgette.com
UNITED STATES OF AMERICA — Are you aware that it is quite likely the government will be forced to tame its wild spending binge? At the end of this year….

Keynesianism Delivers a Decade of Zero

Tuesday, January 5th, 2010

Texas Straight Talk – A weekly column
Rep. Ron Paul (R) – TX 14

This past week we celebrated the end of what most people agree was a decade best forgotten. New York Times columnist and leading Keynesian economist Paul Krugman called it the Big Zero in a recent column. He wrote that “there was a whole lot of nothing going on in measures of economic progress or success” which is true. However, Krugman continues to misleadingly blame the free market and supposed lack of regulation for the economic chaos.

It was encouraging that he admitted that blowing economic bubbles is a mistake, especially considering he himself advocated creating a housing bubble as a way to alleviate the hangover from the dotcom bust. But we can no longer afford to give prominent economists like Krugman a pass when they completely ignore the burden of taxation, monetary policy, and excessive regulation.

Afterall, Krugman is still scratching his head as to why “no” economists saw the housing bust coming. How in the world did they miss it? Actually many economists saw it coming a mile away, understood it perfectly, and explained it many times. Policy makers would have been wise to heed the warnings of the Austrian economists, and must start listening to their teachings if they want solid progress in the future. If not, the necessary correction is going to take a very long time.

The Austrian free-market economists use common sense principles. You cannot spend your way out of a recession. You cannot regulate the economy into oblivion and expect it to function. You cannot tax people and businesses to the point of near slavery and expect them to keep producing. You cannot create an abundance of money out of thin air without making all that paper worthless. The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever. You cannot live beyond your means indefinitely. The economy must actually produce something others are willing to buy. Government growth is the opposite of all these things.

Bureaucrats are loathe to face these unpleasant, but obvious realities. It is much more appealing to wave their magic wand of regulation and public spending and divert blame elsewhere. It is time to be honest about our problems.

The tragic reality is that this fatally flawed, but widely accepted, economic school of thought called Keynesianism has made our country more socialist than capitalist. While the private sector in the last ten years has experienced a roller coaster of booms and busts and ended up, nominally, about where we started in 2000, government has been steadily growing, because Keynesians told politicians they could get away with a tax, spend and inflate policy. They even encouraged it! But we cannot survive much longer if government is our only growth industry.

As for a lack of regulation, the last decade saw the enactment of the Sarbanes-Oxley Act, the largest piece of financial regulatory legislation in years. This act failed to prevent abuses like those perpetrated by Bernie Madoff, and it is widely acknowledged that the new regulations contributed heavily not only to the lack of real growth, but also to many businesses going overseas.

Americans have been working hard, and Krugman rightly points out that they are getting nowhere. Government is expanding steadily and keeping us at less than zero growth when inflation is factored in. Krugman seems pretty disappointed with zero, but if we continue to listen to Keynesians in the next decade instead of those who tell us the truth, zero will start to look pretty good. The end result of destroying the currency is the wiping out of the middle class. Preventing that from happening should be our top economic priority.

SCHIFF on National Security and More Woodbury, CT November 19

Tuesday, December 15th, 2009

Peter Schiff gives his views on a wide variety of issues such as National Policy , Foreign policy the wars in Iraq and Afghanistan Healthcare etc

Activists Arrested for Planting Industrial Hemp at DEA HQ

Tuesday, October 13th, 2009

Farmers, Hemp Industry Leaders Arrested for Planting Industrial Hemp at DEA Headquarters in Act of Civil Disobedience to Protest ‘Reefer Madness’

Fed Up Captains of Hemp Industry Plant Hemp Seed on DEA’s Lawn With Ceremonial Shovels

DEA’s Continued Blockade of State Industrial Hemp Programs Violates Common Sense as Well as Obama’s Presidential Directive to Federal Agencies to Respect States’ Rights

WASHINGTON, Oct. 13 /PRNewswire-USNewswire/ — At approximately 10 a.m. this morning, North Dakota farmer Wayne Hauge, Vermont farmer Will Allen, and fed up American entrepreneurs, who have dedicated their livelihoods to developing and marketing healthy, environmentally-friendly hemp products, for the first time turned to public civil disobedience with the planting of industrial hemp seed at DEA headquarters (700 Army Navy Dr Arlington, VA 22202) to protest the ban on hemp farming in the United States. Even though the U.S. is the largest market for hemp products in the world, and industrial hemp is farmed throughout Europe, Asia and Canada, not a single American farmer has the right to grow the versatile crop which is used for food, clothing, body care, paper, building materials, auto paneling and more.

Hoping to focus the attention of the Obama Administration on halting DEA interference, North Dakota Farmer Wayne Hauge; Founder of Cedar Circle Organic Farm in Vermont Will Allen; Hemp Industries Association (HIA) President Steve Levine; Dr. Bronner’s Magic Soaps President David Bronner; Vote Hemp Communications Director Adam Eidinger and Founder of Livity Outernational Hemp Clothing, Issac Nichelson were arrested while digging up the DEA’s lawn to plant industrial hemp seed imported from Canada. At this time, they are
currently being held in Arlington County jail and are awaiting charges. They are expected to be released later this afternoon and will be available for interviews upon release. The six protesters planted hemp seeds with ceremonial chrome shovels engraved with:

Hemp Planting Oct. 2009 ~ DEA Headquarters ~ American Farmers Shall Grow Hemp Again

Reefer Madness Will Be Buried

Mr. Hauge is licensed by North Dakota to cultivate and process non-drug industrial hemp, just as Canadian farmers across the border have done profitably for over ten years supplying the booming U.S. market. However, the DEA refuses to distinguish non-drug industrial hemp cultivars grown for millennia for seed and fiber and has unconstitutionally blocked all state hemp programs such as North Dakota’s. Mr. Hauge, along with North Dakota State Rep. David Monson, sued the DEA in the U.S. District Court of North Dakota in 2007, and the case is currently before the Eighth Circuit Court of Appeals. “In recent years there has been strong growth in demand for hemp in the U.S., but the American farmer is being left out while Canadian, European and Chinese farmers fill the void created by outdated federal policy,” said fourth-generation farmer Hauge. “When hemp is legalized, land grant universities across the nation will develop cultivars suitable to different growing regions to enhance yield and explore innovative uses such as cellulosic ethanol.”

Pictures and video of the action for free and unrestricted use, along with hemp farming footage and background information are available upon request in hardcopy and online. An HIA produced video of the action will also be posted, after 6 p.m. on 10/13 at: www.votehemp.com/DEAhempplanting.html

In the back drop of the spectacle at DEA headquarters, dozens of hemp business owners in town attending the HIA convention over the weekend fanned out across Capitol Hill to lobby lawmakers in support of hemp legislation introduced by Representatives Ron Paul (R-TX) and Barney Frank (D-MA) that would permit states to cultivate non-drug industrial hemp under state industrial hemp programs. Nine states have such programs, but their implementation has been blocked by DEA bureaucratic intransigence. This spring, however, President
Obama instructed federal agencies to respect state laws in a presidential directive on federal pre-emption:

“Executive departments and agencies should be mindful that in our federal system, the citizens of the several States have distinctive circumstances and values, and that in many instances it is appropriate for them to apply to themselves rules and principles that reflect these circumstances and values. As Justice Brandeis explained more than 70 years ago, ‘it is one of the happy incidents of the federal system that a single courageous state may, if its citizens choose, serve as a laboratory and try novel social and economic experiments without risk to the rest of the country.'”
– Source:
www.whitehouse.gov/the_press_office/Presidential-Memorandum-Regarding-Preemption/

Vote Hemp and the HIA are dedicated to a free market for low-THC industrial hemp and to changes in current policy to allow U.S. farmers to once again grow this agricultural crop. Dr. Bronner’s Magic Soaps President and Vote Hemp Director David Bronner stated: “Dr. Bronner’s has grown into the leading natural soap brand in the U.S. since incorporating hemp oil in 1999, due in significant part to the unsurpassed smoothness it gives our soaps. As an American business, we want to give our money to American farmers and save on import and freight costs. In this difficult economy, we can no longer indulge the DEA’s self-serving hemp hysteria.”

SOURCE Hemp Industries Association

Ryan Fletcher, +1-202-641-0277, for Hemp Industries Association; or Adam Eidinger of Hemp Industries Association, +1-202-744-2671

Government Solutions Lack Understanding

Tuesday, September 8th, 2009

Texas Straight Talk – A weekly column
Rep. Ron Paul (R) – TX 14

Things seem to be unraveling quickly for the new administration. The latest unemployment numbers are worse than the last reports. For all the billions of dollars spent and committed to fixing our economic problems, the situation is only getting worse. This was to be expected by those who understand the root causes of the problems. Throwing money around and creating more government programs is both simplistic and damaging to the economy. Of course, the administration claims that we would have been much worse off without these efforts. You can’t improve this situation by adding to our mountain of public debt for the benefit of big banks and other special interests. The American people know this. When will Washington learn?

In addition, the president’s plans for healthcare reform – or health insurance reform – are becoming more and more unpopular as details are examined. But because of all the alarmist rhetoric, politicians in Washington feel obligated to pass something, even if it doesn’t help. Rarely are liberty and prosperity at greater risk than when politicians feel they must “do something”. It is frightening to watch Washington toy with our healthcare purely for political reasons.

However, the saddest shortcoming of this administration is its utter failure to pursue a more peaceful foreign policy. Just last week up to 90 people, apparently mostly civilians, were killed in Afghanistan in an airstrike, and the violence is only getting worse. The administration is mulling over how many more troops they will send as part of their “Afghan Surge” with advisors getting it exactly backwards. They qualify sending fewer troops as “high-risk” and sending more troops as “low-risk”. This is not the perception at all if you were to ask the families of those being sent over. The best answer would be to stop risking any of our troops for the sake of what is, for all intents and purposes, a violent occupation, helping no one.

But all of these problems and their wrong-headed solutions come from one greater problem – which is not understanding the reasons that we are here. The economy is in bad shape because of too much government intervention producing a myriad of unintended consequences and perverse incentives. Healthcare is broken because the doctor-patient relationship has been broken down by hyper regulation and too much government interference. Afghanistan is a mess because they ignored the mission approved by Congress – to seek out those who attacked us on 9/11. They have instead gotten sidetracked with nebulous interventionist tasks such as promoting democracy and nation building. Eight years later, there is no real progress. The Soviets bankrupted themselves fighting in the mountains and caves of Afghanistan and we’re about to do the same. If we would just look to history it would be self-evident that there is nothing left to win in Afghanistan, and everything to lose.

Most of all, we need to understand that we don’t understand Afghan culture and politics, and for that reason alone, intervening in their affairs is unlikely to produce positive results. The best thing we could possibly do now is to bring our troops home, from Afghanistan, from Iraq, from Japan, from Germany, from all occupied countries, and concentrate on mending badly damaged relationships around the world. Free and honest trade has always been the best way to do that, without fail. Not understanding the benefits of peace, freedom, and nonintervention will always bring about catastrophe.

Less Government or Lower Wages? You Decide.

Friday, August 14th, 2009

by Peter Schiff, CEO Euro Pacific Capital
August 14, 2009

The nationwide revelry surrounding our apparent economic recovery was disrupted this week by the release of lower-than-expected retail sales data. However, rather than sending a chill up the spines of those hoping for a quick end to the downturn, the numbers should be welcomed. Though this may come as a surprise to most observers, lower retail sales are precisely what our economy needs.

To return our economy to health, we must first allow market forces to ring out the excesses of the bubble years. Even government economists acknowledge that this decade’s spending boom resulted from a combination of asset bubbles and the dangerous overextension of consumer credit. Yet the same economists balk at the logical need for spending to drop now that the stimuli are no longer in effect. They argue for the resumption of spending by any means, regardless of its ultimate cost. This is a recipe for momentary gain and lasting pain.

America’s economic vitality will never be restored until we rebuild our savings and pay down our debts. To build back up, we must change the pattern of capital flows from the phony economy. It is a painful process, but one that will leave our economy on a stronger foundation. Unfortunately, Americans cannot accomplish these goals unless they stop shopping, live within their means, and replenish their savings. Though this may be problematic for retailers, it is beneficial to the overall economy.

But rather than accepting the market’s medicine, our government is overriding its own citizens’ responsible behavior. To do so, it has put borrowed money into consumers’ pockets, and then conjured various incentives for them to go out and spend it. This process requires more government bureaucracy, more debt, and more regulation at a time when we can’t afford any of it.

In contrast, I believe that we must restore the conditions that led to our economic preeminence. We must once again become the leader in economic freedom. This entails dismantling a significant portion of our federal and state governments, repealing countless unnecessary regulations, significantly lowering and simplifying taxes, and reinstituting sound money. If we accomplish these tasks, conditions will be ripe for a lasting recovery that solidifies our place at the top of the global economic totem pole.

However, if we neglect these reforms, and instead continue on our present course of more government and less freedom, more borrowing and less savings, more spending and less production, then our standard of living is doomed to fall. As the world cuts us off from its savings and production, we will finally be forced to live within our means. On a practical level, imagine living without easy access to the cheap and abundant goods with the “made in China” label. Imagine Walmart rolling up prices every week, while wages continue to fall. This pain would hit every American, not just retailers.

There are two ways to rebalance the American economy. The right way is to restore competitiveness through diminished government spending, deregulation, lower taxes, and higher savings. Higher savings will facilitate capital formation, and lower taxes and fewer regulations will allow that capital to improve the competitiveness of American labor. Improved productivity and capital investment will translate into higher real wages and pave the way to higher future living standards.

Alternatively, if we don’t rebalance our economy on these terms, our foreign creditors will do it for us – and they may have no compunction about imposing harsh measures. This tough medicine will be delivered in the form of declining value for the dollar. This will effectively raise consumer prices and interest rates for all Americans and dramatically lower the real value of our wages. In other words, balance will be restored from abroad by forcing our living standards to match our diminished industrial capacity. If we cannot compete based on lower taxes and increased capital investment, our only alternative will be to do so based on cheap labor.

Though president Obama claims that his policies will not raise taxes on average Americans, the unfortunate truth is that the effect of his policies will be to lower wages. The choice is simple: either we shrink government and enjoy higher wages, or grow government and accept lower wages. As for me, I prefer the former. However, if we do not change course soon, we will all be stuck with the latter.