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The President's Budget for Fiscal Year 2014 | The White House

The President's Budget for Fiscal Year 2014 | The White House | Nicole_Stankus_AP_GOPO | Scoop.it
Nicole Stankus's insight:

In Obama's budget for 2014, he targets strengthening the middle class. He will do this by focussing on education, giving workers the skills they will need to compete on a global market. Another way would be increasing minimum wage to $9 allowing people to earn more money. In hopes not to add to the deficit, every plan is paid for and hopefully will not add to the deficit. Lstly, Obama included the compromise proposal in the budget. This hopefully shows his willingness to work to find the common ground.

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Why defense spending plunged 22% last quarter — and killed GDP

Why defense spending plunged 22% last quarter — and killed GDP | Nicole_Stankus_AP_GOPO | Scoop.it
Had the Pentagon not cut back on spending, the economy would have grown at a weak but positive 1.27 percent pace.
Nicole Stankus's insight:

This article responds to defense spending's contribution to the drop of in the GDP. In fact, it is natural for defense spending to decrease in the fourth quarter. This is so because the fiscal year ends in September, and hoping not to recieve less money in the coming year, they try to spend all their money by September. This pattern which is common took an uncommon turn when the increases and decreases soared well over their expected rates. This can be contributed to the lessening of defense spending overall due to the drawbacks in Iraq and Afghanistan.

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Yessenia Leal's curator insight, February 6, 2013 2:40 PM

Givernment military spending greatly affected the GDP last year. The Pentagon spent less money on military spending. That means less spending with Irag and Afghanistan. If the Pentagon had spent this amount of money then the amount would of grown

Matt Kellogg's curator insight, February 6, 2013 10:01 PM

shows how much the defense spending cuts hurt the GDP, why it looks bad

Emily Koehn's curator insight, February 6, 2013 11:58 PM

This article explains the effects that defense spending has on the national GDP. The cut in expenditures is a directly relaed to military activity, which provides evidence that the GDP is greatly affected by military endeavors. 

 

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Yikes! Economy shrank in fourth quarter for the first time since ’09

Yikes! Economy shrank in fourth quarter for the first time since ’09 | Nicole_Stankus_AP_GOPO | Scoop.it
Growth slowed down in the fourth quarter. Here's why.
Nicole Stankus's insight:

Towards the beginning, the article hinted that the GDP's fall of .1% was due to" weather-related disruptions." As more accurate data comes in the GDP may change slightly, however it is expected to stay negative which is the first time since 2009. However whatever caused the GDP to fall seems to not be a problem as we move forward. This is due to the increase in buisness spending on software which rose 12.4% and personal consumption expenditures which rose 2.2%. Housing even took an upward stride of about 15.4%. As to what caused the drop in GDP, a cut in defense expenditures certainly played its part, falling 22.2%. Not only did federal defense spending fall, but a drop in inventories as well as a decline in the amount of exports. It is clear that many other factors, not just the weather have contributed to the GDP's fall. As for 2013, in 2012 the consumer spending held strong, but that was before the increase in payroll taxes, lending to an uncertain path for the GDP in 2013.

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Lily Folkerts's curator insight, February 3, 2013 12:08 AM

Part of this article suggests that the GDP and economy took a down turn becaue of the weather issues that caused problems in transit and also decreased sales. This decrease in GDP is the first since 2009.Besides the drop in defense spending, which was discussed at great length in an earlier article I scooped, a drop in business investiment contributed to the decreased GDP.The $40 billion decline in inventory subtracted 1.25% from GDP growth. The end of the article cautions against celebration for the increase in consumer spending. The payroll tax break expired and people will soon feel the siphoning of money from their income.

This article shows how many different layers and elements there are to the GDP. Not only does it show direct, consumer spending (and not spending), defense spending, and investent spending, but it also shows how a decrease in income can affect consumer spending which can affect GDP.

Sarah Nguyen's curator insight, February 14, 2013 4:48 AM

The GDP fell at .1 percent annual rate in the fourth quarter when it was predicted by analysts that the fourth quarter would be experiencing a 1.1 percent gain. Although this is clearly bad news, relief can be found in the fact that the causes of the decline should be resolved and not happen again. The two major components of the GDP that have caused the decline were a decline in defense spending and a depletion of business inventories. Part of the defense spending decline in the fourth quarter balances the unusual gain from the third quarter, and businesses will eventually have to purchase more inventories.While the eventual increase in the GDP is reassuring, there is still danger of a steeper decline because of the effects of expired payroll tax break.

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Five Ways to Hack Voters' Brains

This article walks the reader through the 5 steps of "hacking the voters brain." The first step is to ask voters to talk through their voting plans. Another step is advertising high voter turnouts to encourage more people to vote in the upcoming election. Predicting how the voter will vote has also been proven essential as well asgetting them to indirectly confess to bias. Lastly, a message thanking a voter for voting in a previous election may encourage the voter to vote again. All these efforts are looking to increase voter turnout.

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State of Union Address Language Changed Over Time

State of Union Address Language Changed Over Time | Nicole_Stankus_AP_GOPO | Scoop.it
Presidents like to tell Congress the state of the union is “strong,” but it was not always so.

Via Teresa Herrin
Nicole Stankus's insight:

Over the last 30 years the same phrase has been murmured at the start of each State of the Union Address. The phrase "the state of the union is strong" has been used despite good or bad times and I believe is a phrase of hope that America is strong and can and will triumph all. Before'strong,' when giving the state of the union, presidents seemed not to sugarcoat America's current state whether good or bad. Rather, they would tell it like it was. Strong just became a ritual, time after time its been used and now almost seems like another incorporated part of the address. A tempting word and one with so much power and strength behind it, it is not difficult to see why so many presidents have leaned to use that word. It gives hope and with hope comes action to resolve any current issues. So will 'strong' live on, will Obama say it once more?

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Teresa Herrin's comment, February 12, 2013 4:38 PM
SCOOPABLE for SOTU article.
Janet Yim's curator insight, February 12, 2013 11:08 PM

This article discusses how presidents have become increasingly more positive in their State of the Union addresses. It gives examples of presidents who said that the state of the union was getting better, good, and even in a horrible state. Everything changed with Ronald Reagan, who started this trend of saying "the state of the union is strong". Tonight, Obama once again repeated that phrase, yet contrary to the past, he discussed the things that improved as well as those that did not. He talked about unity and non-partisanship extensively in order to create a more strong state of the union. Hopefully, what was previously a phrase to sugarcoat the status of the country will become the reality.

Haley Haegner's curator insight, February 13, 2013 11:32 PM

Clinton and Obama's state of the unition adresses share some similarities. They both gave an SOTU address during a time of war and recession but they kept a positive outlook. While previous presidents would state it how it was, they were truthful but they did not bring the sense of hope that people saw with clinton and Obama. Raegan started the shift towards that of more optimism. He used the word "strong" which sounded more confident to the American people. Now presidents make sure that their positive outlook is well heard in the SOTU address.

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Losses Are Actually Gains, And Other Weird Facts From The Jobs Report : NPR

Losses Are Actually Gains, And Other Weird Facts From The Jobs Report : NPR | Nicole_Stankus_AP_GOPO | Scoop.it
Nobody knows exactly how many jobs the economy added (or lost) last month. Here's how to make an educated guess.
Nicole Stankus's insight:

This article discusses the fluctuating trends in jobs and unemployment. The article states that the US loses millions of jobs ever January in good time and bad, but why were 157,000 jobs added last month? That last statement may be false, we don't know how many jobs the US adds since no survey can cover every American in the work force. We can only assume as to the accuracy of the surveys and in the end over several months it all averages out. In the end, one must not panic at one month, but rather look at an average of months to conjure more accurate data.

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Adan Huang's curator insight, February 6, 2013 12:51 PM

I agree with the idea that reports can be very inaccurate as the article explains that the surveys for added jobs are conducted through certain types of businesses, leaving out other sections/types of employment. Unemployment rate surveys are conducted through individual households, in which each holds slightly different definitions of unemployment. The fact that previous reports have been so far off from the actual number can promote a more positive outlook on our current economy. At the same time, it also means that both the employment and unemployment rates can be far worse than we think they are.

Alex Metzger's curator insight, February 6, 2013 3:10 PM

This article provides great insight on the unemployment number that is so commonly kept up with. The background to where the numbers that constitute the unemployment rate drastically helps as to how serious to take this estimated percent. Though the article proves these numbers to not always be accurate, but also it provides an understandment that these numbers are probably the best guess that anyone could have.

Christina Breitbeil's curator insight, February 7, 2013 12:59 AM

This article walks the reader through the process of understanding the truth behind the numbers and statistics put forth by the government.  Although the unemployment rate can seem as if it is plummeting to new heights, there is often an explanation that is unaccounted for. As it explains in the article, the recent spike in unemployment is caused in part due to the loss of jobs created specifically for the holiday season.  Alterations such as these can cause statistics to be, at times, inaccurate.

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Growth of early voting transforms electoral strategy

Growth of early voting transforms electoral strategy | Nicole_Stankus_AP_GOPO | Scoop.it

In as many as 34 states and the district voters may cast early ballots without a reason or excuse. Early voters are expected to make up nearly 80% of all voters in some battleground states.Romney and Obama have shifted their travel schedules in battleground states toward early voters because of that very reason. In Ohio, Obama tried to convince the young people to vote early because they might oversleep on election day, and he doesn't want them to miss their classes.

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Poll: As Dems Gather In Charlotte For Convention, Romney Leads By 4 In N.C.

Poll: As Dems Gather In Charlotte For Convention, Romney Leads By 4 In N.C. | Nicole_Stankus_AP_GOPO | Scoop.it

Following the Republican Convention, in North Carolina, Romney leads by 4. This reflects the minimal bounce post convention for Romney. Going into this week Democrats hope to keep North Carolina a blue state by holding their convention in Charlotte and allowing the public into the convention. North Carolina had been Republican since 1976 until 2008 when they voted Obama.

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