Lauren Friedman GOPO
7 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Lauren Friedman
Scoop.it!

What's in the Obama budget

What's in the Obama budget | Lauren Friedman GOPO | Scoop.it
President Obama will unveil his $3.77 trillion budget proposal for 2014. It would cut deficits by another $1.8 trillion over a decade, impose some new taxes aimed primarily at the wealthy, and make changes to Social Security and Medicare.
Lauren Friedman's insight:

Obama's budget proposal claims to be able to cut the deficits by $1.8 trillion over the next decade. He plans to make drastic cuts in military and social security spending and medicare, and cuts on non-health spending like agricultural subsidies and unemployment insurance. In order to better the education of the younger generation, Obama is also increasing the tax on cigarettes and will spend that money on children's health insurance, which I think is a smart move, if he is going to increase any kind of taxes. Obama says: "The plan calls for greater spending on infrastructure, early childhood education and nondefense research. Those investments would be paid for by other measures so that they don't add to deficits." These "other measures" that he leaves completely vague in this statement is the highest tax bracket, or anyone that makes up to and over $1 million a year. What Obama fails to realize is that if wealthy consumers are taxed more, they will spend less, and consumer spending is pretty important in the growth of our economy considering it is the larget component of the GDP. I do not think that there is anyting "fair" about the "fair share" that members of the upper bracket are expected to pay in order to "grow" our economy. Tax cuts for this group would be more beneficial to the entire economy than would a tax increase. Forcing a successful businessman to give up 30% or more of his salary to fund excessive government projects is outrageous. Obama, however, does include a couple of clauses in his proposal to appease the Republicans and the conservatives, such as the unemployment insurance cuts, which in my opinion, is long over-due. Whoever is able and healthy enough to work should participate in the workforce and pay his or her share of taxes.The political ideology of the democratic party is that taxing more will grow the economy. However, spending takes effect faster than taxing does, so therein lies another flaw in the democratic and liberal agenda. The beauty of our divided government in cases such as these is that the more conservative house has the power to suggest or demand revisions of this budget proposal, and it is not likely that republicans will be so eager to accept many clauses in the proposal. Speaker of the House John Boehner gave the president credit for including "some incremental entitlement reforms ... . But I would hope that he would not hold hostage these modest reforms for his demand for bigger tax hikes. Why don't we do what we can agree to do?" and this is the question that many republicans are also asking. 

more...
No comment yet.
Scooped by Lauren Friedman
Scoop.it!

The GDP Drop Is a Warning to Washington

The GDP Drop Is a Warning to Washington | Lauren Friedman GOPO | Scoop.it
Politicians are making a mess of the economy. The proof: a 0.1 percent GDP decline, and the waning confidence of businesses and consumers
Lauren Friedman's insight:

The GDP decline- the first since the recession year of 2009, seems to be the cause of the sharpest reduction in defense spending in 40 years. More trouble could arise when automatic cuts take place on March 1, and the debt is still rising. However, this crisis will not unite Republicans and Democrats on the issue in any way, as both parties have different ideas of how to save and then stimulate the falling economy. Today's budget deficits are largely cyclical, and would be smaller if economic growth were stronger, but that is not the case. Unless Republicans and Democrats can seem to agree on a viable solution, we will remain in gridlock. The country needs to unite in times like this and both sides need to compromise.

more...
No comment yet.
Scooped by Lauren Friedman
Scoop.it!

Post-Watergate campaign finance limits undercut by changes

SCOOPABLE 9/20

The excesses of the Nixon era ushered in a series of wide-ranging restrictions on the use of money in campaigns.

more...
Lauren Friedman's comment, September 22, 2012 7:51 PM
The article centers around the case that "money corrupts." It is argued that the Watergate scandal would not have even been necessary if super PACS had exsited because any amount of money could have been pledged to any candidate, or, in that case, Nixon. The article goes on to discuss the fact that during the 2008 election, McCain relyed on public financing to fund his campaign, whereas Obama took advantage of the concept of PACs and therefore earned more money for his campaign. I believe that there should be no limit on how much money can be spent on a campaign by either party. If everything was regulated, then the level of competition would decrease, and one candidate would have a harder time standing out from the other.
Scooped by Lauren Friedman
Scoop.it!

Libya ambassador Chris Stevens killed: U.S. warships headed to Libyan coast as Obama says 'justice will be done'

Libya ambassador Chris Stevens killed: U.S. warships headed to Libyan coast as Obama says 'justice will be done' | Lauren Friedman GOPO | Scoop.it
The ruthless attack that killed four American diplomats in Libya appears to be a carefully-planned terror strike rather than an uprising of a mob angry over a film that lampooned the Prophet Muhammed.
more...
Lauren Friedman's comment, September 12, 2012 9:36 PM
Instances like this make me wonder why we even bother with attempts to help other countries. It was rumored that the attack took place because of a mocking video if Mohammad. Their may have been anger towards this video, but I do not believe that the video was the sole reason for the attack. After all, it occurred on 9/11. An attack like this is not spontaneous; it took careful and strategic planning to carry out.
Scooped by Lauren Friedman
Scoop.it!

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

more...
Lauren Friedman's comment, September 2, 2012 2:26 PM
After the Republican Convention, I honestly did not expect a significant bounce in favor of Romney. Though I thought that Chris Christie and Paul Ryan did a good job promoting their candidate, I did not think that other speeches were up to par. I did not see much harm in Clint Eastwood's appearance, but I can see how it may have been construed as unprofessional. Romney himself delivered a good speech, but not a great one. Right after the RNC, Romney's popularity did spike, but now it seems to have settled back down into its general scope. I am anxious to see the polling results after the DNC. I think that Obama's polls with bounce considering his general lead in the election in the past and at the moment.
Scooped by Lauren Friedman
Scoop.it!

GDP unexpectedly shrinks, decline seen temporary

GDP unexpectedly shrinks, decline seen temporary | Lauren Friedman GOPO | Scoop.it
WASHINGTON (Reuters) - The economy unexpectedly contracted in the fourth quarter, but analysts said there was no reason for panic given that consumer spending and business investment picked up.Gross domestic...
Lauren Friedman's insight:

Perhaps the GDP panic is being over exaggerated. Consumer spending and Business investment has picked up, so maybe there is not such a dire problem after all, considering Consumer spending makes up the largest component of the GDP computation. Slow inventory growth and a 40% cut in defense spending have lowered the GDP 0.1%, but it is dubious that another cut that large would be implemented in the area of defense. Nevertheless, if it were not for these factors, the economy would be growing steadily at a rate of 2.5%. A second report, from payroll processor ADP, showed private-sector payrolls expanded by 192,000 jobs in January after increasing 185,000 in December, which also suggested the recovery's fundamentals were sound. The creation of jobs should make the country feel a bit more at ease in a situation like this. Federal Reserve officials are confident that the economy will pick back up again soon. However, some positives came out of the recent GDP report.  For example, household income after taxes and inflation increased at a strong 6.8 percent rate. That allowed households to step up their saving, and the saving rate rose by more than a percentage point.

more...
No comment yet.
Scooped by Lauren Friedman
Scoop.it!

The only chart you need on the GDP report

The only chart you need on the GDP report | Lauren Friedman GOPO | Scoop.it
Last quarter's GDP report has been been called "the best-looking contraction in US GDP you’ll ever see." Here's the exact picture it paints.
Lauren Friedman's insight:

Consumer spending is what contributes the most to increasing the GDP. In my opinion, consumer spending is the most important thing for the economy, because it puts money back into the economy. If people, especially, the top income earners, are overtaxed, they will buy less. It is a general rule of demand. People are so worried about the decrease in GDP, yet continue to support more government spending. Government spending requires money, money from texpayers. I think that small businesses need to be better supported, as they create jobs which will in turn, lower the unemployment rate and stimulate the economy. 

more...
Christina Breitbeil's curator insight, February 7, 2013 12:55 AM

This graph was very interesting to observe, because it offered insight into the complexities behind the number that is the collective GDP, which in this article is a fall in 0.1%. It was significant, in my opinion, that although the total GDP was a decrease, consumer and investment spending is doing exceptionally well. This just goes to show that the economy may be somewhat more stable than how it appears on the surface.

Zachary Beery's curator insight, February 7, 2013 11:44 AM

This chart shows the percent change in each department of the GDP. Whether it is going up or down. It shows an increase in consumer spending so that is a good sign for the economy.

Sarah Nguyen's curator insight, February 13, 2013 8:09 AM

This article and it's graph of the breakdown of the GDP is very reader friendly and easy to understand. It is very clear and obvious that the components of the GDP that are making the whole suffer the most are business inventory and federal defense spending. While reading, there was one comment by another reader that especially caught my eye. They reasoned that because many people were anticipating a pro-business Romney to win the election in the third quarterr of 2012, they planned ahead with increased inventories and expansion.

Scooped by Lauren Friedman
Scoop.it!

Trends in Party Identification of Religious Groups - Pew Forum on Religion & Public Life

Trends in Party Identification of Religious Groups - Pew Forum on Religion & Public Life | Lauren Friedman GOPO | Scoop.it
Since 2008, the share of voters identifying with or leaning toward the GOP has either grown or held steady among major religious groups.
more...
Lauren Friedman's comment, September 17, 2012 3:17 PM
The trends in party identification do not surprise me that much. Black protestants did and will vote for Obama again. Jews, who normally lean left when voting, are now less likely to do so because Obama's lack of support for Israel. It is also no surprise that the GOP has gained more of the Mormon vote considering Romney's religious affiliation. I think that, despite Obama's blatant distaste for helping Israel, many Jews will still end up voting for Obama because they generally vote democrat anyway. It is hard to predict a landslide victory for Obama because 1) Romney has an influence and a different plan 2) Some Independents are moving right
Scooped by Lauren Friedman
Scoop.it!

Romney Trails Obama Again After Brief RNC Popularity Bounce: Poll

Romney Trails Obama Again After Brief RNC Popularity Bounce: Poll | Lauren Friedman GOPO | Scoop.it
According to a new Reuters/Ipsos poll, Republican Party presidential nominee Mitt Romney's popularity has fallen behind President Barack Obama's after a brief lead.
more...
No comment yet.
Scooped by Lauren Friedman
Scoop.it!

Fox News Polls News and Video - FOX News Topics - FOXNews.com

Fox News Polls News and Video - FOX News Topics - FOXNews.com | Lauren Friedman GOPO | Scoop.it
Watch breaking news videos and read news updates about Fox News Polls on FOXNews.com.
more...
No comment yet.