ALL I KNOW IS WHAT…..

 

Will Rogers wrote in his New York Times column on September 30, 1923:  “Well all I know is what I read in the papers.  

 

Most people are like Will Rogers they consider Newspapers an important source of information.

 

What I have been reading in the papers about the American economy.

 

THE U.S. POSTS RECORD DECEMBER BUDGET SURPLUS

U.S. posts a December budget surplus of $53.22 billion last month. 

 

The 1.2 percentage-point drop in the nation’s jobless rate to 6.7 percent in 2013 was the steepest decline since 1983.  The country’s deficit as a share of domestic product was cut by more than half.

 

Job growth in 2013 totaled 2.19 million job, the third straight year exceeding 2 million and sending unemployment to the lowest level since October 2008.  

Wall Street Journal January 13, 2014

 

FISCIAL ’14 BUDGET DEFICIT DIPS 37%

The U.S. budget deficit narrowed by 37% in the first four months of the fiscal year.

 

The nation’s deficit as a share of the economy is expected to shrink to a 7 year low in the 12 months ending September 30.  The unemployment rate fell  6.6% last month.

Arkansas Democrat Gazette February 13, 2014.

 

Larry Ellison of Oracle was the highest paid CEO in America in 2012  with $96.2 million and Peter Kraus was  # 15 with $36.0 million. Business Insider October 26, 2013

 

Bill Gates, an American is the world’s richest man with $76 billion, and 8 of the top 10 world’s richest people live in AMERICA and made their money from an AMERICAN based business.  Forbes magazine March 3, 3014

 

S&P 500 JUMPS TO A RECORD HIGH CLOSE

The S&P 500 rose 9.13 points to close at 1,854.20 topping its all time closing high of 1,848.38 U.S.A Today February 27, 2014

 

U.S.FORECASTS NATURAL GAS BOOM THROUGH 2040

Natural gas production will grow 56% from 2012 to 2040 according to DOE. 

The net import share of U.S energy consumption could drop to as little as 4% by 2040—down from 16% in 2012, and 30% in 2005. U.S.A Today December 13, 2013

 

FILLER UP WITH NATURAL GAS

The U.S has become the largest natural gas producer in the world with 65 billion cubic feet extracted daily.  The Wall Street Journal February 28, 2014

 

Corporate profits are at record highs and taxes at their lowest level in 40 years.  In 2011 the corporate tax rate paid fell to 12.1% of profits compared to 25.6% from 1987 to 2008.Wall Street Journal February 5, 2012

 

CORPORATE PROFITS ARE AT AN ALL-TIME RECORD PEAK AND EXPECTED TO GROW IN 2014.  Forbes November 30, 2013

 

Michael Brown an economist at Wells Fargo Securities said:  “We  continue to see economic conditions improve, which is being reflected in the budget deficits continuing to narrow.”   Wall Street Journal January 13, 2014

 

Most Americans who read their papers agree with Mr. Brown that the American economy is improving. The economy is certainly in better condition in 2014 than it was in 2007-2008 when Republicans were in the White House. Historians describe 2007-2008 as “the second worst economic disaster in America’s history.”

 

What would Will Rogers say about the untrue mean spirited personal attacks in our papers in 2014?   Attacks which produce fear, hate and division among hard working law abiding well meaning citizens.

 

What would Will say about Ted Nugent, who recently described  President Obama as  “a Chicago communist-raised, communist-educated, communist nurtured subhuman mongrel, ACORN community organizing gangster.”

 

 What would Will say about Jeffrey Kuhner who said: “President Obama is gradually transforming America into a socialist authoritarian state. Mr. Obama is behaving like a Latin American strongman, who assert arbitrary power and ignores the rule of law. It is a usurpation of centralized power—a naked attempt to entrench an imperial presidency. HIS GOAL IS SIMPLE: TO DESTROY THE AMERICAN NATION.”

 

More important how do you as an American citizen react to the Ted Nugent’s and the Jeffrey Kuhner’s in our society?  Do you do nothing or do you have the courage to condemn what they are saying?   Do you condemn and vote against politicians who engage in such untrue personal attacks or do you support them with your money and vote?