Revising The Numbers

Economists seems to have a problem lately correctly predicting economic growth. They always seem a bit surprised when the numbers come in higher than what they predicted. Well, it has happened again.

The Gateway Pundit is reporting the following today:

The fourth quarter GDP number was released on Thursday and beat expectations at 2.6%Economists expected a 2.2% GDP rate.

CNBC says the GDP report was only preliminary, it would mean average growth for the year was 3.1 percent.

...Ronald Reagan brought forth an annual real GDP growth of 3.5% . Barack Obama, with his abysmal policies, was lucky to average a GDP growth rate of slightly greater than 1%.

Obama ranked as the fourth worst presidency on record in GDP growth at 1.457% . Only Herbert Hoover (-5.65% ), Andrew Johnson (-0.70% ) and Theodore Roosevelt (1.41% ) had lower average annual GDP growth than Barack Obama.

The Commerce Department announced in the first quarter of 2016 that the US economy expanded at the slowest pace in two years with a GDP growth rate of an anemic 0.5% . The second quarter GDP growth rate was not much better at 1.2% . (The 3rd quarter GDP rate was not yet announced by the time we drafted our post before the 2016 election.)

…Barack Obama was the first President ever to never surpass an annual rate of 3% GDP growth!  This resulted in Obama being rated the worst economic President ever!

Obama’s Congressional Budget Office (CBO) forecast in 2016 that America would never see 3.0% economic growth again. They had given up and Hillary was their candidate.

President Trump did win the election in 2016 and his Director of the White House National Economic Council Larry Kudlow said in early December that the U.S. economy is growing at a rate greater than 3% –

This is good news for people in the job market and people entering the job market. Jobs are becoming more plentiful and salaries are rising.

Having A Sense Of Humor At The Super Bowl

I like football. I haven’t watched a lot of it for the past two years because I am disgusted with the fact that the game has become political. I watch it for the sport–not for the politics. However, I did watch the Super Bowl last night and thoroughly enjoyed the game. It was a well-played game with incredible defense from both teams.

However, there was one really endearing moment for those of us who sit on the political right.

Yesterday The State posted the following:

Did Tom Brady just shout Reagan?

A microphone caught the New England Patriots quarterback saying “Reagan” during the third quarter of Super Bowl LIII, played at Mercedes-Benz Stadium in Atlanta.

Brady is known to be friendly with President Donald Trump, so was it an ode to another Republican Commander in Chief?

Here are two of the tweets shown in the article:

I love creativity and humor!

Sometimes History Is Amazing

 
Official Portrait of President Ronald Reagan.

Official Portrait of President Ronald Reagan. (Photo credit: Wikipedia)

March 30, 1981, was the day that President Reagan was shot. The Daily Caller posted a very interesting article on the shooting on Friday. It seems that sometimes a small decision can have a lot of impact.

The article at the Daily Caller reported that after the assassination attempt on President Reagan, Mike Deaver felt responsible for the injuries to James Brady. It seems that as they were leaving the hotel, one of the reporters asked a question and Mr. Deaver moved Press Secretary Brady closer to the reporter to answer the question. Mr. Deaver felt that he had put the Press Secretary in the line of fire and was responsible for his getting shot.

Later, Mr. Deaver talked to the neurosurgeon that had operated on the Press Secretary.

The article tells the story:

The doctor listened, thought about it. When Deaver had told his story, the doctor asked, “How tall are you?”

Deaver was startled. “I told him, ‘I’m five foot nine.’ ”

And the neurosurgeon said, “Jim Brady is six feet tall. And if he’d stayed there where he had been before you moved him Ronald Reagan would be dead. Because Brady took the bullet that would have killed Reagan.”

If it had been Deaver standing where Brady was, the bullet would have gone over his head and hit the president.

As it was, we came very close the losing a great President. If Mike Deaver had not wanted to let the Press Secretary answer the question, we probably would have lost Ronald Reagan in that incident. There is a very good book written about the events of that day called Rawhide Down written by Del Quentin Wilber. I strongly recommend it.

Enhanced by Zemanta

It’s Getting Hard To Sort The Truth From The Spin

US Navy 021030-N-0967W-006 Michael Reagan chat...

Image via Wikipedia

The Republican primary race seems to have come down to a contest between Mitt Romney and Newt Gingrich. I am totally willing to admit, political junkie that I am, that I haven’t made up my mind yet. I am willing to admit that I think that both leading candidates have totally forgotten President Reagan’s Eleventh Commandment.

There are a few things I am watching in deciding who will get my support–who is supporting each candidate and who is opposing each candidate. It was obvious at the start of the campaign that the Obama campaign was preparing for Mitt Romney as their opponent. Romney was ‘the next in line’ which, unfortunately, seems to be the way the Republicans choose their candidates. It doesn’t work very well, but they keep doing it. The Occupy Wall Street movement was the perfect prelude to a campaign against Mitt Romney–the man is obviously wealthy–he has worked hard and accomplished many things to obtain that wealth, but an opposing campaign could overlook that and just characterize him as the ‘evil rich.’ Governor Romney seems to be the choice of the Republican ‘establishment.’ Newt Gingrich is the rebel candidate. He has been knocked down twice already and just seems to bounce back up. He seems to be the Tea Party candidate (although I seriously doubt he was their first choice). Newt is a bit of a loose cannon, but seems to have an ability to explain things so that ordinary people can understand them and to get things done (although he steps on peoples’ feet in the process). As I have posted earlier, the ethics charges against him in the mid 1990’s were later proven to be completely false by the IRS. I believe he was run out of the House of Representatives on a rail (so to speak) because he was a threat to both the Republican and Democrat Washington establishment. If he can make that case to the public, he will win the nomination and the election.

On Friday, January 27, Newsmax.com posted a short article discussing some of the attacks on Newt Gingrich. Ronald Reagan’s eldest son Mike Reagan has issued a statement regarding the claim that Newt Gingrich did not support Ronald Reagan.

The article posted the statement:

I am deeply disturbed that supporters of Mitt Romney are claiming that Newt Gingrich is not a true Reaganite and are even claiming that Newt was a strong critic of my father.

“Recently I endorsed Newt Gingrich for president because I believe that Newt is the only Republican candidate who has both consistently backed the conservative policies that my father championed and the only Republican that will continue to implement his vision.

“It surprises me that Mitt Romney and his supporters would raise this issue — when Mitt by his own admission said he opposed my father in the 1980s claiming he was an ‘independent,’ and later supported liberal Democrat Paul Tsongas for president.

“As governor of Massachusetts, Romney’s achievement was the most socialistic healthcare plan in the nation up until that time.

“Say what you want about Newt Gingrich but when he was Speaker of the House he surrounded himself with Reagan conservatives and implemented a Ronald Reagan program of low taxes and restrained federal spending.

“Newt’s conservative program created a huge economic boom and balanced the budget for the first time in more than a generation.”

Mike Reagan concluded: “I would take Newt Gingrich’s record any day over Mitt Romney’s.”

Beware of the spin! Listen to the people who are closest to the events and have nothing to gain or lose by telling the truth.

 

Enhanced by Zemanta