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Highlights From Obama's Budget Proposal

Highlights From Obama's Budget Proposal | Bo_Li_GOPO_1 | Scoop.it
Times reporters analyze how the White House’s budget request would affect federal agencies and programs.
Bo Li_1's insight:

Obama's proposal for the student loan interest rate may benefit us with the ongoing inflation, the fixed interest rate would benefit us. His healthcare plan seems to be aiming towards $401 billion cut in 10 years. This it think would help us with the money issue we have but still healthcare is important. As for the army cut, I'm quite happy about that but I know it will leave more people without jobs. USA has dug itself into a big hole.

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U.S. Growth Halted as Federal Spending Fell in 4th Quarter

U.S. Growth Halted as Federal Spending Fell in 4th Quarter | Bo_Li_GOPO_1 | Scoop.it
The government played a role in slowing the economic recovery as cuts in military spending and other factors overwhelmed the Federal Reserve’s expanded campaign to spur growth.
Bo Li_1's insight:

It seems that this article says the the government has significantly decreased in military spending. As a result, it seems that US economy will also suffer a decrease in GDP.

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Janet Yim's curator insight, February 6, 2013 8:07 AM

This article again states that the GDP shrunk by 0.1%, yet the military spending was cut by 22%. This slight drop in the GDP is actually quite surprising compared to the cut in military spending, and this is mainly because of the success of businesses and consumers.

Andrew Alter's curator insight, February 6, 2013 6:51 PM

The economy may have shrunk, but it shrunk in the most unharmful way for the average American. Government spending substantially decreased,  notably in the military, which allows for future government spending in domestic areas.

Matt Kellogg's curator insight, February 6, 2013 9:57 PM

govenment cut a lot of defense spending. Economy didnt decline much considering how much was cut

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TV Ad Spending on Presidential Race Surpasses Two-Thirds of a Billion

TV Ad Spending on Presidential Race Surpasses Two-Thirds of a Billion | Bo_Li_GOPO_1 | Scoop.it

Both the Obama group and the Romney group has spent tremendous amounts of money to support their group. The total adds up to almost $600 million. Both of the candidates and their backers focus mainly on the major swing states such as Florida, which both groups spent $9million each just for air times. This reinforces the idea that money wins the race, whoever has the most money to spend, gets more attention and as a result gets more votes. 

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The Latino gender gap: Latina voters prefer Obama by 53 point margin | Latino Decisions

The Latino gender gap: Latina voters prefer Obama by 53 point margin | Latino Decisions | Bo_Li_GOPO_1 | Scoop.it

The polls from the Latino community shows that there is a sizable gender gap. There are more female Latina voters that prefer Obama than do the male population. Obama leads by 53 points, 74 to 21. However even though the females have a larger margin, the males still prefer Obama to Mitt Romney. Obama will definitely win the Latino vote in this election.

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Economy Adds 157,000 Jobs -- Includes a Great Interactive of U.S. Unemployment from 1948 to Present

Economy Adds 157,000 Jobs -- Includes a Great Interactive of U.S. Unemployment from 1948 to Present | Bo_Li_GOPO_1 | Scoop.it
Employers added 157,000 jobs last month, the Labor Department said, signaling slow economic growth to start the year. The unemployment rate ticked up one-tenth of a percentage point to 7.9%.
Bo Li_1's insight:

The article states that there has been some increase in the stocks for some of the big names. Also the firms seems to have opened 150,000 jobs from the labor market. Even with these improvements, unemployment rate has risen 0.1%.

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'Best-Looking' GDP Drop You'll Ever See

'Best-Looking' GDP Drop You'll Ever See | Bo_Li_GOPO_1 | Scoop.it
Negative economic growth in the fourth quarter provided a scary headline to start Wednesday's trading but probably little else in market impact.
Bo Li_1's insight:

It seems to me that the article believes that things are only going to get worse. This minor drop is only foreshadowing the crisis looming ahead, that the next recession will be a lot worse than the one we just had.

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Zachary Beery's curator insight, February 7, 2013 11:46 AM

This article says that th recent drop in GDP isn't that bad cause it is mostly due to the recent cut in goverenment spending. this is pretty much just the drop before the big leap that hopefully comes soon.

Sarah Nguyen's curator insight, February 14, 2013 4:58 AM

Even though the GDP has dropped at .1 percent, it is reassuring to know that it is largely because of government spending and business inventories. Consumer spending and the private sector in general was able to grow more than the previous quarter, even despite the natural disaster Sandy.

Patrick Demitis Brown's comment, February 21, 2013 12:06 AM
GDP is probably going to be just as low or lower in the second quarter, once we've gotten rid of the payroll tax cuts. Im not sure how our congress isn't doing anything about that, this will increase taxes, defense spending going down, the number of consumers able to spend will go down and GDP will go down more sooo......
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Libertarian Gary Johnson says he'll be on presidential ballot in every state, by far outpacing any other third-party nominee

Libertarian Gary Johnson says he'll be on presidential ballot in every state, by far outpacing any other third-party nominee | Bo_Li_GOPO_1 | Scoop.it

Libertarian nominee Gary Johnson claims that he will be on all 50 ballots during the election in November. He says he will "outpace" every over third-party nominee. The article has statistics that support his claim. He has 47 states that will have his name on the ballot and 2 other states with a question mark due to court ruling. It is said however that his name will not be on Oklahoma's ballot. 

I think this is quite interesting and I would like to see how it affects the results of the election. He said he wanted to be part of the national debate coming up so he has a better chance. I say we let him and make this election more interesting.


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RealClearPolitics - Election 2012 - General Election: Romney vs. Obama

So this year after the RNC, the results clearly showed that the expected bounce that was to happen after each convention, never happened for our candidate Mitt Romney. After the convention the bounce polls were stagnant. This did not suprise me in the least because, personally, I did not enjoy the acceptance speech as much as some others did. I thought it revolved too much around his past, while we needed to look forward and ahead.

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