Archive for August, 2011

Pronk Pops Show 43, August 31, 2011: Segment 3: Obama’s Approval Rating On Economy Hits New Gallup Poll Low Of 26%–Republican Presidential Candidates Romney, Perry, Paul and Bachmann Attack Obama’s Job Creation Record–Videos

Posted on August 31, 2011. Filed under: American History, Budgetary Policy, Business, Economics, Federal Government, Fiscal Policy, Foreign Policy, Government, Government Spending, History, Housing, Illegal Immigration, Immigration, Investments, Labor Economics, Monetary Policy, Philosophy, Politics, Polls, Public Sector Unions, Radio, Regulation, Resources, Tax Policy, Technology, Unions, Videos, War, Wisdom | Tags: , , , , |

Pronk Pops Show 43:August 31, 2011

Pronk Pops Show 42:August 24, 2011

Pronk Pops Show 41:August 17, 2011

Pronk Pops Show 40:August 10, 2011

Pronk Pops Show 39:August 3, 2011

Listen To Pronk Pops Podcast or Download Shows 41-43

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-26

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 3: Obama’s Approval Rating On Economy Hits New Gallup Poll Low Of 26%–Republican Presidential Candidates Romney, Perry, Paul and Bachmann Attack Obama’s Job Creation Record–Videos

OBAMA´S APPROVAL RATING ON ECONOMY HITS LOW

Peter Schiff, John Lonski, Dennis Berman – on Inflation, Deflation & Recession

Mitt Romney Presidential Announcement

Obama Isn’t Working: Chicago

Obama Isn’t Working: Allentown, PA

Obama Isn’t Working: New Hampshire

Obama Isn’t Working: Where are the Jobs?

Gov. Rick Perry Blasts Obama’s Record on Jobs as an “Economic Disaster”

Rick Perry announces he will run for President (Part 1 of 2) — August 13, 2011

Rick Perry announces he will run for President (Part 2 of 2) — August 13, 2011

Ron Paul Ad – “The one who can beat Obama”

Ron Paul on America Live with Megyn Kelly

Ron Paul: Perry Makes Me Look Like a Moderate

Ron Paul – the Most Untalked About Top Tier Presidential Candidate

Ron Paul Ignored By The Media

Editor-in-Chief Insights: Intense Favorites

Face The Nation with B…: Michele Bachmann wins straw poll, lays out

Face The Nation with B…: GOP presidential race picks up the pace

Newt Gingrich Releases 2012 Presidential Candidacy Announcement Video

A new job’s plan

Obama Plans Major Jobs/Debt Speech

Obama’s jobs plan – What’s the holdup [CNN 8-18-2011]

Obama says new job creating plan on the way 8/17/2011

SR Allstars – August 17 – Part 1: Obama Jobs Plan?

SR Allstars – August 17 – Part 2: 2012, Perry, Ryan, Paul

Fox’s Andrew Napolitano Predicts Obama’s Jobs Plan Will Be A ‘Giveaway To Select Groups That He And

The Triumph of Human Freedom: THE PLAIN TRUTH by Judge Napolitano 8/18/11

Obama’s approval rating on economy hits new Gallup Poll low of 26 percent

Republican presidential candidates Romney, Perry, Paul and Bachmann attack Obama’s job creation record

By Raymond Thomas Pronk

In Feb. 2009 President Barack Obama’s Gallup Poll approval rating on the economy was at its highest at 59 percent and his disapproval rating was at its lowest of 30 percent. The official unemployment rate was 7.8 percent in Jan 2009. In Aug. 2011 Obama’s Gallup Poll approval rating on the economy was 26%, a new low, and his disapproval rating was 71%, a new high. The July 2011 unemployment rate was 9.1%. The unemployment rate has been over 8% for the last 31 months. Obama’s overall job approval rating according to the Gallup’s daily three-day rolling average tracking poll of Aug. 11-13 dipped below 40 percent for the first time when it hit a new low of 39 percent. It fell again on Aug. 20 to 38 percent.

Unemployment Rate Percent from Jan. 2001-Aug. 2011

Source: Bureau of Labor Statistics, Department of Labor

In the Rasmussen Reports daily Presidential Tracking Poll for Aug. 23, 2011 President Obama also hit a new low on the Presidential Approval Index of -26 with 45 percent strongly disapproving and 19 percent strongly approving. Rasmussen Reports on Aug. 23, 2011 that among likely voters Obama is at 39 percent and Paul at 38 percent. In a matchup between Obama and a generic Republican candidate among likely voters, Obama is at 43 percent and the generic Republican at 48 percent.

The Misery Index is an economic indicator that is the sum of the unemployment and inflation rates. When President Obama entered office, his Misery Index stood at 7.73 percent. Today it is over 12.7 percent. Obama’s average Misery index is 10.52 which is greater than George W. Bush’s average Misery Index of 8.11 and Bill Clinton’s average misery index of 7.8 percent.

Should the U.S. economy enter another recession, the unemployment rate will most likely again exceed 10 percent. Obama’s approval rating on the economy will most likely fall even lower and his Misery Index will be even higher. However, it is unlikely that Obama’s Misery Index will beat President Jimmy Carter’s June 1980 record Misery Index of 21.98. Ronald Reagan beat Jimmy Carter in the 1980 presidential election with 489 electoral votes and 43,903,230 popular votes to Jimmy Carter’s 49 electoral votes and 35,480,115 popular votes—a landslide Republican victory over an incumbent Democratic president.

Jobs and the economy will be the number one political issue in the 2012 Presidential election. The leading Republican candidates, former Massachusetts’s Governor Mitt Romney, Texas Governor Rick Perry, Texas Congressman Ron Paul and Minnesotan Congresswoman Michele Bachmann have been very critical of President Obama’s performance in terms of job creation and the growth in the economy measured by the Gross Domestic Product.

A television attack ad paid for by Romney ends with the tagline, “Obama isn’t working”, with a photo of an unemployment office with a long twisting line of Americans looking for jobs. This is one of a series of one minute attacks ads where the phrase, “Obama isn’t working” is repeated and the employment situation prior to the Obama administration is compared with the employment situation today in a particular city or state. Another attack ad in the series is directed at college students and begins with Obama promising students at the University of Maryland a better future in 2009 and ends with the questions, “Where is the opportunity? Where are the jobs?”

Perry recently entered the presidential race and does not have any Obama attack ads to date. However, Perry in a recent speech to the South Carolina GOP blasted Obama’s record on job creation comparing it to his record on job creation in Texas. Perry stated “The fact is one in six work eligible Americans cannot find a full time job. That is not a recovery, it is an economic disaster.” Perry continued that “we tried for two and half years government trying to create jobs. It is time for the private sector to be given the chance to create jobs.” Perry is proud of his job creation record in Texas and pointed out that “since June of 2009 my home state has created 40 percent of all new jobs created in America.”

Paul has a one minute TV attack ad which asserts that he was the one “voting against every tax increase, every unbalanced budget, every time, standing up to the Washington machine, guiding by principle, Ron Paul who will stop the spending, save the dollar, create jobs, bring peace, the one who will restore liberty. Ron Paul the one who can beat Obama and restore America now.”

Bachmann in an interview on Face the Nation emphasized that she is the chief author of two bills that would repeal Obamacare (the Patient Protection and Affordable Care Act) and the Dodd–Frank Wall Street Reform and Consumer Protection Act. Companies are telling her “that those bills are leading them not to be able to create jobs.” Bachmann also favors “repeal of the existing tax code in its current form, it is 3.8 million words”; “we need a tax code that is job friendly, this is not a job friendly tax code. When you have one of the highest corporate tax rates in the world at 34 percent that is not going to incentivize people to start new businesses.”

President Obama announced that he will release his new jobs plan after Labor Day. He said “I will be putting forward when they come back in September a very specific plan to boost the economy, to create jobs, and control our deficit.” Two of the specifics of Obama’s plan that have leaked to the press include an extension of unemployment benefits and extension of the payroll tax cut. The Romney and Paul ads, Perry speech, Bachmann interview and Obama announcement can be viewed in their entirety on YouTube.com with links to them on www.pronkpops.wordpress.com .

In a recent Gallup Poll released on Aug. 22, President Obama is running neck and neck with the top four Republican candidates. Romney leads Obama 48 percent to 46 percent. Perry and Obama are tied in the poll at 47 percent each. Obama leads Republican candidates Paul, 47 percent to 45 percent and Bachmann, 48 percent to 44 percent.

Among independents Romney and Paul lead Obama by 3 percent and Perry leads Obama by 2 percent. Obama beats Bachmann by 6 percent among independents. The Gallup Poll was conducted on Aug. 16 and 17 and has a margin of error of 3.3 percent. For the American people, jobs and the economy are the leading issues of the 2012 presidential election.

[Raymond Thomas Pronk is host of the Pronk Pops Show on KDUX web radio from 3-5 p.m. Wednesday and author of the companion www.pronkpops.wordpress.com blog with links to online videos and articles and past radio show podcasts and downloads—Give It A Listen!]

Background Articles and Videos

Gallup poll: GOP contenders neck-and-neck with Obama

Republicans line up behind candidates to a greater extent than Dems behind president

By Steven Shepard

“…The poll, conducted last week as Obama’s approval rating cratered around 40 percent, shows Obama leading Rep. Michele Bachmann, R-Minn., 48 to 44 percent, and Rep. Ron Paul, R-Tex., 47 to 45 percent.

Texas Gov. Rick Perry ties the president at 47 percent each, and former Massachusetts Gov. Mitt Romney leads Obama, 48 to 46 percent.

At this early stage of the campaign, Republicans are largely lined up behind their candidates to a greater extent than Democrats are behind the incumbent president.

Republicans are firmly behind Perry (92 percent) and Romney (91 percent). Bachmann (86 percent) and Paul (82 percent) perform slightly worse among members of their own party. …”

“…Independents are split: Romney and Paul lead among that group by three points, Perry by two, but Obama leads Bachmann among independents by six points. …”

http://www.msnbc.msn.com/id/44235036/ns/politics-decision_2012/t/gallup-poll-gop-contenders-neck-and-neck-obama/

Gallup Daily: Obama Job Approval

Each result is based on a three-day rolling average

http://www.gallup.com/poll/113980/Gallup-Daily-Obama-Job-Approval.aspx

Rasmussen Reports

Daily Presidential Tracking Poll

Tuesday, August 23, 2011

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“…The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 19% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-five percent (45%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -26 (see trends).

This is the lowest Approval Index rating yet measured for President Obama. The previous low was -24 reached yesterday and also in September 2010. Additionally, the level of Strong Approval matches the lowest yet recorded. By way of comparison, President Bush had ratings near the end of his second term in the minus 30s. …”

http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

Obama 39%, Paul 38%
“…The president and the maverick are running almost dead even in a hypothetical 2012 election matchup.Texas Republican Congressman Ron Paul earns 38% of the vote to President Obama’s 39% in the latest Rasmussen Reports national telephone survey of Likely U.S. Voters. Fourteen percent (14%) like some other candidate, and eight percent (8%) remain undecided. (To see survey question wording, click here.)

Just a month ago, Obama posted a 41% to 37% lead over Paul, who ran second to Minnesota Congresswoman Michele Bachmann in the recent high-profile Ames Straw Poll in Iowa.

Paul, whose long run afoul of the GOP establishment with his libertarian policy prescriptions, picks up 61% of the Republican vote, while 78% of Democrats fall in behind the president. Voters not affiliated with either of the major political parties prefer the longtime congressman by 10 points – 43% to 33%. …”

http://www.rasmussenreports.com/public_content/politics/elections/election_2012/election_2012_presidential_election/obama_39_paul_38

Election 2012: Generic Presidential Ballot
Election 2012: Generic Republican 48%, Obama 43%
“… A generic Republican candidate now holds a five-point advantage over President Obama in a hypothetical 2012 election match-up for the week ending Sunday, August 21. The latest Rasmussen Reports national telephone survey of Likely U.S. Voters finds the generic Republican earning 48% of the vote, while the president picks up support from 43%. Two percent (2%) prefer some other candidate, and seven percent (7%) are undecided. ,,,”

The US Misery Index
January 1948 to July 2011

Misery Index = Unemployment rate + Inflation rate

http://www.miseryindex.us/customindexbymonth.asp

Related Posts On Pronk Pops

Pronk Pops Show 43, August 31, 2011: Segment 0: Remembering The 9/11 First Responders–Videos

Pronk Pops Show 43, August 31, 2011: Segment 1: The Conference Board’s Consumer Confidence Index Craters: 59.2 In July To 44.5 In August–Lowest Since April 2009!

Pronk Pops Show 43, August 31, 2011: Segment 2: U.S. Economy On The Verge Of A Recession–Second Quarter GDP Growth Rate Revised Down From 1.3% to 1.0%–Bernanke Advocates Fiscal Stimulus–No QE3 For Now–Consumer Confidence Craters–Videos

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Pronk Pops Show 43, August 31, 2011: Segment 2: U.S. Economy On The Verge Of A Recession–Second Quarter GDP Growth Rate Revised Down From 1.3% to 1.0%–Bernanke Advocates Fiscal Stimulus–No QE3 For Now–Consumer Confidence Craters–Videos

Posted on August 31, 2011. Filed under: Budgetary Policy, Business, Economics, Energy, Federal Government, Fiscal Policy, Foreign Policy, Government, Housing, Illegal Immigration, Immigration, Investments, Labor Economics, Monetary Policy, Philosophy, Politics, Polls, Public Sector Unions, Tax Policy, Unions, War, Wisdom | Tags: , , , , , , |

Pronk Pops Show 43:August 31, 2011

Pronk Pops Show 42:August 24, 2011

Pronk Pops Show 41:August 17, 2011

Pronk Pops Show 40:August 10, 2011

Pronk Pops Show 39:August 3, 2011

Listen To Pronk Pops Podcast or Download Shows 41-43

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-26

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 2: U.S. Economy On The Verge Of A Recession–Second Quarter GDP Growth Rate Revised Down From 1.3% to 1.0%–Bernanke Advocates Fiscal Stimulus–No QE3 For Now–Consumer Confidence Craters–Videos

Consumer Confidence Lowest in 2 Years

Morning Market Alert for August 30, 2011

Goodfriend the Monetarist – QE3 will destroy the Fed’s balance sheet

Ron Paul Slams FEMA & Explains Austrian Economics

Judge Napolitano: I Still Want Ron Paul

Ron Paul: Bernanke Keeps Printing Money

Fed should target longer-term debt, QE3: Moody’s Zandi

Stiglitz says we need 3% to 4% growth to get out of jobs deficit, not happening any time soon.

Double-Dip Recession a Greater Risk Than Inflation?

No QE3 from Bernanke

Money and Markets TV – August 26, 2011

Stapley Says Bernanke Signaling Limits to Fed Policy

U.S. Economy Grew at 1% Annual Pace in Second Quarter

Nobel Laureate Spence Sees 50% Chance of Global Slump

Bernanke Says Fed Has Stimulus Tools, Doesn’t Signal Use

Hassett Says Fed’s Bernanke `Crying for Help’ in Speech

Analysis: No QE3 from Bernanke at Jackson Hole

The Bernanke Speech: 2010 vs 2011 and Market Impact

Morning Market Alert for August 26, 2011

Semmens Doesn’t Expect Bernanke to Announce QE3 Today

Inside the News: Greek debt, Bernanke speech cap sentiment

Peter Schiff “Bernanke Is Gonna Keep Printing Money! That’s All He Knows!”

A U.S. Double-dip Recession Not Likely…Fed’s Hoenig Says!

Background Articles and Videos

The Conference Board Consumer Confidence Index® Declines

30 Aug. 2011

“…The Conference Board Consumer Confidence Index®, which had improved slightly in July, plummeted in August. The Index now stands at 44.5 (1985=100), down from 59.2 in July. The Present Situation Index decreased to 33.3 from 35.7. The Expectations Index decreased to 51.9 from 74.9 last month.

The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by The Nielsen Company, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was August 18th.

Says Lynn Franco, Director of The Conference Board Consumer Research Center: “Consumer confidence deteriorated sharply in August, as consumers grew significantly more pessimistic about the short-term outlook. The index is now at its lowest level in more than two years (April 2009, 40.8). A contributing factor may have been the debt ceiling discussions since the decline in confidence was well underway before the S&P downgrade. Consumers’ assessment of current conditions, on the other hand, posted only a modest decline as employment conditions continue to suppress confidence.”

Consumers’ appraisal of present-day conditions weakened further in August. Consumers claiming business conditions are “bad” increased to 40.6 percent from 38.7 percent, while those claiming business conditions are “good” inched up to 13.7 percent from 13.5 percent. Consumers’ assessment of employment conditions was more pessimistic than last month. Those claiming jobs are “hard to get” increased to 49.1 percent from 44.8 percent, while those stating jobs are “plentiful” declined to 4.7 percent from 5.1 percent. …”

http://www.conference-board.org/data/consumerconfidence.cfm

Consumer confidence plunges to lowest level since Great Recession

By Annalyn Censky

“…Americans are now as pessimistic about the U.S. economy as they were in the middle of the Great Recession.

A key reading on consumer confidence plunged in August, to its lowest level since April 2009. The Conference Board, a New York-based business research group, said its Consumer Confidence Index for August fell to 44.5, down from 59.2 in July.

The gloomy outlook came as Congress allowed its debt ceiling debates to drag on until nearly the last minute and Standard & Poor’s downgraded the U.S. credit rating earlier in the month. At the same time, consumers were also being weighed down by 9.1% unemployment, a roller-coaster month for stocks and a still-distressed real estate market.

According to the latest index, consumers grew more pessimistic not only about the present-day economy, but also about their future prospects.

The so-called Expectations Index took a 23-point dive, falling to 51.9 from 74.9 in July. It marked the largest point drop since the Great Recession’s heyday.

About 49% of consumers said jobs were “hard to get.” Only 11.8% said they expect business conditions to improve over the next six months, and 24.6% said they expect conditions to worsen.

The Consumer Confidence numbers are based on a survey of 5,000 U.S. households and are closely watched because consumer spending makes up 70% of the nation’s economic activity. …”

http://money.cnn.com/2011/08/30/news/economy/consumer_confidence/

Chairman Ben S. Bernanke

At the Federal Reserve Bank of Kansas City Economic Symposium, Jackson Hole, Wyoming

August 26, 2011

The Near- and Longer-Term Prospects for the U.S. Economy

Good morning. As always, thanks are due to the Federal Reserve Bank of Kansas City for organizing this conference. This year’s topic, long-term economic growth, is indeed pertinent–as has so often been the case at this symposium in past years. In particular, the financial crisis and the subsequent slow recovery have caused some to question whether the United States, notwithstanding its long-term record of vigorous economic growth, might not now be facing a prolonged period of stagnation, regardless of its public policy choices. Might not the very slow pace of economic expansion of the past few years, not only in the United States but also in a number of other advanced economies, morph into something far more long-lasting?

I can certainly appreciate these concerns and am fully aware of the challenges that we face in restoring economic and financial conditions conducive to healthy growth, some of which I will comment on today. With respect to longer-run prospects, however, my own view is more optimistic. As I will discuss, although important problems certainly exist, the growth fundamentals of the United States do not appear to have been permanently altered by the shocks of the past four years. It may take some time, but we can reasonably expect to see a return to growth rates and employment levels consistent with those underlying fundamentals. In the interim, however, the challenges for U.S. economic policymakers are twofold: first, to help our economy further recover from the crisis and the ensuing recession, and second, to do so in a way that will allow the economy to realize its longer-term growth potential. Economic policies should be evaluated in light of both of those objectives.

This morning I will offer some thoughts on why the pace of recovery in the United States has, for the most part, proved disappointing thus far, and I will discuss the Federal Reserve’s policy response. I will then turn briefly to the longer-term prospects of our economy and the need for our country’s economic policies to be effective from both a shorter-term and longer-term perspective.

Near-Term Prospects for the Economy and Policy
In discussing the prospects for the economy and for policy in the near term, it bears recalling briefly how we got here. The financial crisis that gripped global markets in 2008 and 2009 was more severe than any since the Great Depression. Economic policymakers around the world saw the mounting risks of a global financial meltdown in the fall of 2008 and understood the extraordinarily dire economic consequences that such an event could have. As I have described in previous remarks at this forum, governments and central banks worked forcefully and in close coordination to avert the looming collapse. The actions to stabilize the financial system were accompanied, both in the United States and abroad, by substantial monetary and fiscal stimulus. But notwithstanding these strong and concerted efforts, severe damage to the global economy could not be avoided. The freezing of credit, the sharp drops in asset prices, dysfunction in financial markets, and the resulting blows to confidence sent global production and trade into free fall in late 2008 and early 2009.

We meet here today almost exactly three years since the beginning of the most intense phase of the financial crisis and a bit more than two years since the National Bureau of Economic Research’s date for the start of the economic recovery. Where do we stand?

There have been some positive developments over the past few years, particularly when considered in the light of economic prospects as viewed at the depth of the crisis. Overall, the global economy has seen significant growth, led by the emerging-market economies. In the United States, a cyclical recovery, though a modest one by historical standards, is in its ninth quarter. In the financial sphere, the U.S. banking system is generally much healthier now, with banks holding substantially more capital. Credit availability from banks has improved, though it remains tight in categories–such as small business lending–in which the balance sheets of potential borrowers remain impaired. Companies with access to the public bond markets have had no difficulty obtaining credit on favorable terms. Importantly, structural reform is moving forward in the financial sector, with ambitious domestic and international efforts underway to enhance the capital and liquidity of banks, especially the most systemically important banks; to improve risk management and transparency; to strengthen market infrastructure; and to introduce a more systemic, or macroprudential, approach to financial regulation and supervision.

In the broader economy, manufacturing production in the United States has risen nearly 15 percent since its trough, driven substantially by growth in exports. Indeed, the U.S. trade deficit has been notably lower recently than it was before the crisis, reflecting in part the improved competitiveness of U.S. goods and services. Business investment in equipment and software has continued to expand, and productivity gains in some industries have been impressive, though new data have reduced estimates of overall productivity improvement in recent years. Households also have made some progress in repairing their balance sheets–saving more, borrowing less, and reducing their burdens of interest payments and debt. Commodity prices have come off their highs, which will reduce the cost pressures facing businesses and help increase household purchasing power.

Notwithstanding these more positive developments, however, it is clear that the recovery from the crisis has been much less robust than we had hoped. From the latest comprehensive revisions to the national accounts as well as the most recent estimates of growth in the first half of this year, we have learned that the recession was even deeper and the recovery even weaker than we had thought; indeed, aggregate output in the United States still has not returned to the level that it attained before the crisis. Importantly, economic growth has for the most part been at rates insufficient to achieve sustained reductions in unemployment, which has recently been fluctuating a bit above 9 percent. Temporary factors, including the effects of the run-up in commodity prices on consumer and business budgets and the effect of the Japanese disaster on global supply chains and production, were part of the reason for the weak performance of the economy in the first half of 2011; accordingly, growth in the second half looks likely to improve as their influence recedes. However, the incoming data suggest that other, more persistent factors also have been at work.

Why has the recovery from the crisis been so slow and erratic? Historically, recessions have typically sowed the seeds of their own recoveries as reduced spending on investment, housing, and consumer durables generates pent-up demand. As the business cycle bottoms out and confidence returns, this pent-up demand, often augmented by the effects of stimulative monetary and fiscal policies, is met through increased production and hiring. Increased production in turn boosts business revenues and household incomes and provides further impetus to business and household spending. Improving income prospects and balance sheets also make households and businesses more creditworthy, and financial institutions become more willing to lend. Normally, these developments create a virtuous circle of rising incomes and profits, more supportive financial and credit conditions, and lower uncertainty, allowing the process of recovery to develop momentum.

These restorative forces are at work today, and they will continue to promote recovery over time. Unfortunately, the recession, besides being extraordinarily severe as well as global in scope, was also unusual in being associated with both a very deep slump in the housing market and a historic financial crisis. These two features of the downturn, individually and in combination, have acted to slow the natural recovery process.

Notably, the housing sector has been a significant driver of recovery from most recessions in the United States since World War II, but this time–with an overhang of distressed and foreclosed properties, tight credit conditions for builders and potential homebuyers, and ongoing concerns by both potential borrowers and lenders about continued house price declines–the rate of new home construction has remained at less than one-third of its pre-crisis level. The low level of construction has implications not only for builders but for providers of a wide range of goods and services related to housing and homebuilding. Moreover, even as tight credit for some borrowers has been one of the factors restraining housing recovery, the weakness of the housing sector has in turn had adverse effects on financial markets and on the flow of credit. For example, the sharp declines in house prices in some areas have left many homeowners “underwater” on their mortgages, creating financial hardship for households and, through their effects on rates of mortgage delinquency and default, stress for financial institutions as well. Financial pressures on financial institutions and households have contributed, in turn, to greater caution in the extension of credit and to slower growth in consumer spending.

I have already noted the central role of the financial crisis of 2008 and 2009 in sparking the recession. As I also noted, a great deal has been done and is being done to address the causes and effects of the crisis, including a substantial program of financial reform, and conditions in the U.S. banking system and financial markets have improved significantly overall. Nevertheless, financial stress has been and continues to be a significant drag on the recovery, both here and abroad. Bouts of sharp volatility and risk aversion in markets have recently re-emerged in reaction to concerns about both European sovereign debts and developments related to the U.S. fiscal situation, including the recent downgrade of the U.S. long-term credit rating by one of the major rating agencies and the controversy concerning the raising of the U.S. federal debt ceiling. It is difficult to judge by how much these developments have affected economic activity thus far, but there seems little doubt that they have hurt household and business confidence and that they pose ongoing risks to growth. The Federal Reserve continues to monitor developments in financial markets and institutions closely and is in frequent contact with policymakers in Europe and elsewhere.

Monetary policy must be responsive to changes in the economy and, in particular, to the outlook for growth and inflation. As I mentioned earlier, the recent data have indicated that economic growth during the first half of this year was considerably slower than the Federal Open Market Committee had been expecting, and that temporary factors can account for only a portion of the economic weakness that we have observed. Consequently, although we expect a moderate recovery to continue and indeed to strengthen over time, the Committee has marked down its outlook for the likely pace of growth over coming quarters. With commodity prices and other import prices moderating and with longer-term inflation expectations remaining stable, we expect inflation to settle, over coming quarters, at levels at or below the rate of 2 percent, or a bit less, that most Committee participants view as being consistent with our dual mandate.

In light of its current outlook, the Committee recently decided to provide more specific forward guidance about its expectations for the future path of the federal funds rate. In particular, in the statement following our meeting earlier this month, we indicated that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013. That is, in what the Committee judges to be the most likely scenarios for resource utilization and inflation in the medium term, the target for the federal funds rate would be held at its current low levels for at least two more years.

In addition to refining our forward guidance, the Federal Reserve has a range of tools that could be used to provide additional monetary stimulus. We discussed the relative merits and costs of such tools at our August meeting. We will continue to consider those and other pertinent issues, including of course economic and financial developments, at our meeting in September, which has been scheduled for two days (the 20th and the 21st) instead of one to allow a fuller discussion. The Committee will continue to assess the economic outlook in light of incoming information and is prepared to employ its tools as appropriate to promote a stronger economic recovery in a context of price stability.

Economic Policy and Longer-Term Growth in the United States
The financial crisis and its aftermath have posed severe challenges around the globe, particularly in the advanced industrial economies. Thus far I have reviewed some of those challenges, offered some diagnoses for the slow economic recovery in the United States, and briefly discussed the policy response by the Federal Reserve. However, this conference is focused on longer-run economic growth, and appropriately so, given the fundamental importance of long-term growth rates in the determination of living standards. In that spirit, let me turn now to a brief discussion of the longer-run prospects for the U.S. economy and the role of economic policy in shaping those prospects.

Notwithstanding the severe difficulties we currently face, I do not expect the long-run growth potential of the U.S. economy to be materially affected by the crisis and the recession if–and I stress if–our country takes the necessary steps to secure that outcome. Over the medium term, housing activity will stabilize and begin to grow again, if for no other reason than that ongoing population growth and household formation will ultimately demand it. Good, proactive housing policies could help speed that process. Financial markets and institutions have already made considerable progress toward normalization, and I anticipate that the financial sector will continue to adapt to ongoing reforms while still performing its vital intermediation functions. Households will continue to strengthen their balance sheets, a process that will be sped up considerably if the recovery accelerates but that will move forward in any case. Businesses will continue to invest in new capital, adopt new technologies, and build on the productivity gains of the past several years. I have confidence that our European colleagues fully appreciate what is at stake in the difficult issues they are now confronting and that, over time, they will take all necessary and appropriate steps to address those issues effectively and comprehensively.

This economic healing will take a while, and there may be setbacks along the way. Moreover, we will need to remain alert to risks to the recovery, including financial risks. However, with one possible exception on which I will elaborate in a moment, the healing process should not leave major scars. Notwithstanding the trauma of the crisis and the recession, the U.S. economy remains the largest in the world, with a highly diverse mix of industries and a degree of international competitiveness that, if anything, has improved in recent years. Our economy retains its traditional advantages of a strong market orientation, a robust entrepreneurial culture, and flexible capital and labor markets. And our country remains a technological leader, with many of the world’s leading research universities and the highest spending on research and development of any nation.

Of course, the United States faces many growth challenges. Our population is aging, like those of many other advanced economies, and our society will have to adapt over time to an older workforce. Our K-12 educational system, despite considerable strengths, poorly serves a substantial portion of our population. The costs of health care in the United States are the highest in the world, without fully commensurate results in terms of health outcomes. But all of these long-term issues were well known before the crisis; efforts to address these problems have been ongoing, and these efforts will continue and, I hope, intensify.

The quality of economic policymaking in the United States will heavily influence the nation’s longer-term prospects. To allow the economy to grow at its full potential, policymakers must work to promote macroeconomic and financial stability; adopt effective tax, trade, and regulatory policies; foster the development of a skilled workforce; encourage productive investment, both private and public; and provide appropriate support for research and development and for the adoption of new technologies.

The Federal Reserve has a role in promoting the longer-term performance of the economy. Most importantly, monetary policy that ensures that inflation remains low and stable over time contributes to long-run macroeconomic and financial stability. Low and stable inflation improves the functioning of markets, making them more effective at allocating resources; and it allows households and businesses to plan for the future without having to be unduly concerned with unpredictable movements in the general level of prices. The Federal Reserve also fosters macroeconomic and financial stability in its role as a financial regulator, a monitor of overall financial stability, and a liquidity provider of last resort.

Normally, monetary or fiscal policies aimed primarily at promoting a faster pace of economic recovery in the near term would not be expected to significantly affect the longer-term performance of the economy. However, current circumstances may be an exception to that standard view–the exception to which I alluded earlier. Our economy is suffering today from an extraordinarily high level of long-term unemployment, with nearly half of the unemployed having been out of work for more than six months. Under these unusual circumstances, policies that promote a stronger recovery in the near term may serve longer-term objectives as well. In the short term, putting people back to work reduces the hardships inflicted by difficult economic times and helps ensure that our economy is producing at its full potential rather than leaving productive resources fallow. In the longer term, minimizing the duration of unemployment supports a healthy economy by avoiding some of the erosion of skills and loss of attachment to the labor force that is often associated with long-term unemployment.

Notwithstanding this observation, which adds urgency to the need to achieve a cyclical recovery in employment, most of the economic policies that support robust economic growth in the long run are outside the province of the central bank. We have heard a great deal lately about federal fiscal policy in the United States, so I will close with some thoughts on that topic, focusing on the role of fiscal policy in promoting stability and growth.

To achieve economic and financial stability, U.S. fiscal policy must be placed on a sustainable path that ensures that debt relative to national income is at least stable or, preferably, declining over time. As I have emphasized on previous occasions, without significant policy changes, the finances of the federal government will inevitably spiral out of control, risking severe economic and financial damage.1 The increasing fiscal burden that will be associated with the aging of the population and the ongoing rise in the costs of health care make prompt and decisive action in this area all the more critical.

Although the issue of fiscal sustainability must urgently be addressed, fiscal policymakers should not, as a consequence, disregard the fragility of the current economic recovery. Fortunately, the two goals of achieving fiscal sustainability–which is the result of responsible policies set in place for the longer term–and avoiding the creation of fiscal headwinds for the current recovery are not incompatible. Acting now to put in place a credible plan for reducing future deficits over the longer term, while being attentive to the implications of fiscal choices for the recovery in the near term, can help serve both objectives.

Fiscal policymakers can also promote stronger economic performance through the design of tax policies and spending programs. To the fullest extent possible, our nation’s tax and spending policies should increase incentives to work and to save, encourage investments in the skills of our workforce, stimulate private capital formation, promote research and development, and provide necessary public infrastructure. We cannot expect our economy to grow its way out of our fiscal imbalances, but a more productive economy will ease the tradeoffs that we face.

Finally, and perhaps most challenging, the country would be well served by a better process for making fiscal decisions. The negotiations that took place over the summer disrupted financial markets and probably the economy as well, and similar events in the future could, over time, seriously jeopardize the willingness of investors around the world to hold U.S. financial assets or to make direct investments in job-creating U.S. businesses. Although details would have to be negotiated, fiscal policymakers could consider developing a more effective process that sets clear and transparent budget goals, together with budget mechanisms to establish the credibility of those goals. Of course, formal budget goals and mechanisms do not replace the need for fiscal policymakers to make the difficult choices that are needed to put the country’s fiscal house in order, which means that public understanding of and support for the goals of fiscal policy are crucial.

Economic policymakers face a range of difficult decisions, relating to both the short-run and long-run challenges we face. I have no doubt, however, that those challenges can be met, and that the fundamental strengths of our economy will ultimately reassert themselves. The Federal Reserve will certainly do all that it can to help restore high rates of growth and employment in a context of price stability.


1. See Ben S. Bernanke (2011), “Fiscal Sustainability,” speech delivered at the Annual Conference of the Committee for a Responsible Federal Budget, Washington, June 14.

http://federalreserve.gov/newsevents/speech/bernanke20110826a.htm

Economic Growth Slows to Crawl, GDP Increase at 1%

By: Reuters

“…Gross domestic product growth rose at annual rate of 1.0 percent the Commerce Department said, a downward revision of its prior estimate of 1.3 percent. It also said after-tax corporate profits rose at the fastest pace in a year.

Economists had expected output growth to be revised down to 1.1 percent. In the first quarter, the economy advanced just 0.4 percent. The government’s second GDP estimate for the quarter confirmed growth almost stalled in the first six months of this year.

The United States is on a recession watch after a massive sell-off in the stock market knocked down consumer and business sentiment. The plunge in share prices followed Standard & Poor’s decision to strip the nation of its top notch AAA credit rating and a spreading sovereign debt crisis in Europe.

While sentiment has deteriorated, data such as industrial production, retail sales and employment suggest the economy could avoid an outright contraction. …”

http://www.cnbc.com/id/44285105

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Pronk Pops Show 43, August 31, 2011: Segment 0: Remembering The 9/11 First Responders–Videos

Pronk Pops Show 43, August 31, 2011: Segment 1: The Conference Board’s Consumer Confidence Index Craters: 59.2 In July To 44.5 In August–Lowest Since April 2009!

Pronk Pops Show 43, August 31, 2011: Segment 3: Obama’s Approval Rating On Economy Hits New Gallup Poll Low Of 26%–Republican Presidential Candidates Romney, Perry, Paul and Bachmann Attack Obama’s Job Creation Record–Videos

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Pronk Pops Show 43, August 31, 2011: Segment 1: The Conference Board’s Consumer Confidence Index Craters: 59.2 In July To 44.5 In August–Lowest Since April 2009!

Posted on August 31, 2011. Filed under: American History, Budgetary Policy, Business, Economics, Education, Fiscal Policy, Government Spending, History, Housing, Immigration, Labor Economics, Monetary Policy, Philosophy, Politics, Polls, Radio, Regulation, Resources, Security, Technology, Unions, Videos, War, Wisdom | Tags: , , , , , |

Pronk Pops Show 43:August 31, 2011

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Segment 1: The Conference Board’s Consumer Confidence Index Craters: 59.2 In July To 44.5 In August–Lowest Since April 2009!

http://econintersect.com/wordpress/?p=12471

The Conference Board Reported Consumer Confidence Fell In August

“…The Conference Board reported that consumer confidence fell in August as expectations dived, and as views on future business conditions worsened, as well as jobs and income.

The organization’s consumer-confidence index fell to 44.5 in August, which is the lowest level since April 2009, from a slightly downwardly revised 59.2 in July. Economists had expected an August reading of 51.9.

According to the director of Consumer Board’s consumer research center, Lynn Franco, “A contributing factor may have been the debt ceiling discussions since the decline in confidence was well underway before the S&P
downgrade.” …”

Spector Says Consumer Confidence Reflects Leadership

Aug. 30 (Bloomberg) — Jonathan Spector, chief executive officer of the Conference Board, talks about the group’s consumer confidence survey for August and the outlook for the U.S. economy. The Conference Board’s index slumped to 44.5, the weakest since April 2009, from a revised 59.2 reading in July. Spector speaks with Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Consumer Confidence Lowest in 2 Years

Morning Market Alert for August 30, 2011

August 12th 2011 CNBC Stock Market Squawk on the Street (Consumer Sentiment)

“…Retail sales may be solid but you’d never know it judging by consumer sentiment. The Reuters/University of Michigan index fell nearly nine  points to 54.9 which is just below levels during the worst of the 2008 meltdown. This is nearly a record low, next only to the Iranian hostage  crisis and oil embargo of the late 70s and early 80s. The expectations component, which is the leading component, fell more than 10 points to  45.7, again very severely depressed and near a record low. The current conditions component fell less severely, down more than six points to  69.3.

The debt-ceiling crisis and wild movements in the financial markets are very clearly not helping the consumer’s faith in the economic outlook. Hopefully, the extension of the ceiling and recent rallies for the Dow will give a boost to this report’s month-end readings. One positive is that inflation is not a risk to the outlook with one-year expectations steady for the last month at 3.4 percent with the five-year even more firmly steady at 2.9 percent. Stocks are coming off opening gains in reaction to today’s report. …”

The Conference Board Consumer Confidence Index® Declines

“… The Conference Board Consumer Confidence Index®, which had improved slightly in July, plummeted in August. The Index now stands at 44.5 (1985=100), down from 59.2 in July. The Present Situation Index decreased to 33.3 from 35.7. The Expectations Index decreased to 51.9 from 74.9 last month.

The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The
Conference Board by The Nielsen Company, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was August 18th.

Says Lynn Franco, Director of The Conference Board Consumer Research Center: “Consumer confidence deteriorated sharply in August, as consumers grew significantly more pessimistic about the short-term outlook. The index is now at its lowest level in more than two years (April 2009, 40.8). A contributing factor may have been the debt ceiling discussions since the decline in confidence was well underway before the S&P downgrade. Consumers’ assessment of current conditions, on the other hand, posted only a modest decline as employment conditions continue to suppress confidence.”

Consumers’ appraisal of present-day conditions weakened further in August. Consumers claiming business conditions are “bad” increased to 40.6 percent from 38.7 percent, while those claiming business conditions are “good” inched up to 13.7 percent from 13.5 percent. Consumers’ assessment of employment conditions was more pessimistic than last month. Those claiming jobs are “hard to get” increased to 49.1 percent from 44.8 percent, while those stating jobs are “plentiful” declined to 4.7 percent from 5.1 percent.

Consumers’ short-term outlook deteriorated sharply in August. Those expecting business conditions to improve over the next six months decreased to 11.8 percent from 17.9 percent, while those expecting business conditions to worsen surged to 24.6 percent from 16.1 percent. Consumers were also more pessimistic about the outlook for the job market. Those anticipating more jobs in the months ahead decreased to 11.4 percent from 16.9 percent, while those expecting fewer jobs increased to 31.5
percent from 22.2 percent. The proportion of consumers anticipating an increase in their incomes declined to 14.3 percent from 15.9 percent.

http://www.conference-board.org/data/consumerconfidence.cfm

U.S. Consumer Confidence Index (CCI

The U.S. Consumer Confidence Index (CCI) is an indicator designed to measure consumer confidence, which is defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending. Global consumer confidence is not measured. Country by country analysis indicates huge variance around the globe. In an interconnected global economy, tracking international consumer confidence is a lead indicator of economic trends.[1]

In the United States consumer confidence is issued monthly by The Conference Board, an independent economic research organization, and is based on 5,000 households. Such measurement is indicative of consumption component level of the gross domestic product. The Federal Reserve looks at the CCI when determining interest rate changes, and it also affects stock market prices.

The Consumer Confidence Index was started in 1967 and is benchmarked to 1985=100. This year was chosen because it was neither a peak nor a trough. The Index is calculated each month on the basis of a household survey of consumers’ opinions on current conditions and future expectations of the economy. Opinions on current conditions make up 40% of the index, with expectations of future conditions comprising the remaining 60%. In the glossary on its website, The Conference Board
defines the Consumer Confidence Survey as “a monthly report detailing consumer attitudes and buying intentions, with data available by age, income and region”.

Another well-established index that measures consumer confidence is the University of Michigan Consumer Sentiment Index, run by University of Michigan‘s Institute for Social Research. …”

Calculation

In simple terms, increased consumer confidence indicates economic growth in which consumers are spending money, indicating higher consumption. Decreasing consumer confidence implies slowing economic growth, and so consumers are likely to decrease their spending. The idea is that the more confident people feel about the economy and their jobs and incomes, the more likely they are to make purchases. Declining consumer confidence is a sign of slowing economic growth and may indicate that the economy is headed into trouble.

Each month The Conference Board surveys 5,000 U.S. households. The survey consists of five questions that ask the respondents’ opinions about the following:[2]

  1. Current business conditions
  2. Business conditions for the next six months
  3. Current employment conditions
  4. Employment conditions for the next six months
  5. Total family income for the next six months

Survey participants are asked to answer each question as “positive”, “negative” or “neutral”. The preliminary results from the Consumer Confidence Survey are released on the last Tuesday of each month at 10am EST.

Once the data have been gathered, a proportion known as the “relative value” is calculated for each question separately. Each question’s positive responses are divided by the sum of its positive and negative responses. The relative value for each question is then compared against each relative value from 1985. This comparison of the relative values results in an “index value” for each question.

The index values for all five questions are then averaged together to form the Consumer Confidence Index; the average of index values for questions one and three form the Present Situation Index, and the average of index values for questions two, four and five form the Expectations Index. The data are calculated for the United States as a whole and for each of the country’s nine census regions.

How it is used

Manufacturers, retailers, banks and the government monitor changes in the CCI in order to factor in the data in their decision-making processes. While index changes of less than 5% are often dismissed as inconsequential, moves of 5% or more often indicate a change in the direction of the economy.

A month-on-month decreasing trend suggests consumers have a negative outlook on their ability to secure and retain good jobs. Thus, manufacturers may expect consumers to avoid retail purchases, particularly large-ticket items that require financing. Manufacturers may pare down inventories to reduce overhead and/or delay investing in new projects and facilities. Likewise, banks can anticipate a decrease in lending activity, mortgage applications and credit card use. When faced with a down-trending index, the government has a variety of options, such as issuing a tax rebate or taking other fiscal or monetary action to stimulate the economy.

Conversely, a rising trend in consumer confidence indicates improvements in consumer buying patterns. Manufacturers can increase production and hiring. Banks can expect increased demand for credit. Builders can prepare for a rise in home construction and government can anticipate improved tax revenues based on the increase in consumer spending.

Consumer Confidence Index in the United States

http://en.wikipedia.org/wiki/Consumer_Confidence_Index

University of Michigan Consumer Sentiment Index

The University of Michigan Consumer Sentiment Index Thomson Reuters/University of Michigan Surveys of Consumers is a consumer confidence index published monthly by the University of Michigan and Thomson Reuters. The index is normalized to have a value of 100 in December 1964. At least 500 telephone interviews are conducted each month of a United
States sample which excludes Alaska and Hawaii. 50 core questions are asked.[1]

The consumer confidence measures were devised in the late 1940’s by George Katona at the University of Michigan. They have now developed into an ongoing, nationally representative survey based on telephonic household interviews. The Index of Consumer Sentiment (ICS) is developed from these interviews. The Index of Consumer Expectations (a sub-index of
ICS) is included in the Leading Indicator Composite Index published by the U.S. Department of Commerce, Bureau of Economic Analysis.

Objectives

The Index was created and still is published with the following objectives:

  • To assess near-time consumer attitudes on the business climate, personal finance, and spending;
  • To promote an understanding of, and to forecast changes in, the national economy;
  • To provide a means of incorporating empirical measures of consumer expectations into models of spending and saving behavior;
  • To gauge the economic expectations and probable future spending behavior of the consumer; and
  • To judge the consumer’s level of optimism/pessimism.

Inputs

The Index of Consumer Expectations seeks to find how consumers view three things:

  • Their own financial situation.
  • The short-term general economy.
  • The long-term general economy.

Implications

This Index has implications which can influence the following:

  • Stocks
  • Bonds
  • Dollar

http://en.wikipedia.org/wiki/University_of_Michigan_Consumer_Sentiment_Index

Univeristy of Michigan Consumer Sentiment Index

Michigan Consumer Sentiment 4th Worst on Record

Posted on 26 August 2011 by Doug Short

“…The University of Michigan Consumer Sentiment Index final report for
August came in at 55.7, a slight improvement over the 54.9 preliminary
reading August 12, but this is the 4th lowest monthly final since the
inception on the series in 1798. The Briefing.com consensus expectation
was for 55.8. The two lowest months (52.7 and 51.7) were at the depths
of the 1980 recession, and the third lowest was in November 2008 during
somes of the darkest days of the Financial Crisis.

See the chart below for a long-term
perspective on this widely watched index. Because the sentiment index
has trended upward since its inception in 1978, I’ve added a linear
regression to help understand the pattern of reversion to the trend.
I’ve also highlighted recessions and included real GDP to help evaluate
the correlation between the Michigan Consumer Sentiment Index and the
broader economy. …”

http://econintersect.com/wordpress/?p=12471

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Pronk Pops Show 43, August 31, 2011: Segment 0: Remembering The 9/11 First Responders–Videos

Pronk Pops Show 43, August 31, 2011: Segment 2: U.S. Economy On The Verge Of A Recession–Second Quarter GDP Growth Rate Revised Down From 1.3% to 1.0%–Bernanke Advocates Fiscal Stimulus–No QE3 For Now–Consumer Confidence Craters–Videos

Pronk Pops Show 43, August 31, 2011: Segment 3: Obama’s Approval Rating On Economy Hits New Gallup Poll Low Of 26%–Republican Presidential Candidates Romney, Perry, Paul and Bachmann Attack Obama’s Job Creation Record–Videos

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Pronk Pops Show 43, August 31, 2011: Segment 0: Remembering The 9/11 First Responders–Videos

Posted on August 31, 2011. Filed under: American History, Business, Crime, Economics, Energy, Federal Government, Fiscal Policy, Foreign Policy, Government, Government Spending, History, Illegal Immigration, Immigration, Philosophy, Politics, Radio, Technology, Videos, Violence, War, Wisdom | Tags: , , , , , , , , , , , , , , , , , , |

Pronk Pops Show 43:August 31, 2011

Pronk Pops Show 42:August 24, 2011

Pronk Pops Show 41:August 17, 2011

Pronk Pops Show 40:August 10, 2011

Pronk Pops Show 39:August 3, 2011

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Segment 0: Remembering The 9/11 First Responders–Videos

North Moore and Varick co-named LIEUTENANT VINCENT G. HALLORAN STREET

Credit: http://www.flickr.com/photos/sheenachi/3270140277/

November 11, 2001

“I live near Union Square, the site of so many posters in the wake of the WTC tragedy. All of them quickly became a blur in my mind, all except one attached to a fence near East 16th Street. It read, ‘Lt. Vincent Halloran, NYFD. Hang On, Vinny.’ That was it. No photograph, no decorations, just a simple hand-drawn poster that will remain in my memory forever. I never knowingly met Lt. Halloran, of blessed memory, but from now on whenever I need some self-encouragement, his name and ‘Hang On, Vinny’ will get me focused on the task at hand. May his memory be a blessing for his entire family and fellow firemen.”

~ Alan Forman, New York City, New York

Source: Guest Book, http://www.legacy.com/guestbook/guestbook-entry-print.aspx?n=vincent-halloran&pid=128619

There is a street in lower Manhattan next to the Hook and Ladder 8 firehouse at 14 North Moore and Varick co-named after Vincent G. Halloran–a first responder.

First responders are emergency service personnel whose job requires them being one of the first on the scene of fires, medical emergencies or large-scale disasters. They are responsible for the protection and preservation of life and property. First responders include firefighters, police officers and emergency medical technicians or ambulance technicians.

When thousands were fleeing from the burning Twin Towers of the World Trade Center, the first responders were running toward the fires to help people evacuate from the buildings and extinguish the fires.

The street named after one of 9/11’s first responders honors his supreme sacrifice and that of 343 New York City Fire Department (FDNY) firemen, 23 New York City Police Department officers, 37 Port of Authority Police officers and 15 Emergency Medical Technicians (EMTs) who died on Sept. 11, 2011. In addition it honors the service of all the 9/11 first responders including about 2,000 who were injured that day.

On Sept. 5, 2011 Halloran had completed his twentieth year of service with the New York City Fire Department.

FDNY Hook & Ladder 8 Firehouse at 14 North Moore

A few days later on Sept. 11 Halloran led Ladder 8 into the North Tower of the World Trade Center to assist with the evacuation of the building. After the South Tower collapsed, the order was given to evacuate the North Tower and the Ladder 8 firemen were ordered out.

“When the order came for Ladder 8 to get out of the building, he was on the 30th floor,” said Lt. Larry Mack. “Ladder 8 made it out, but he probably stopped to help someone.” It was a tragic “last act of compassion” for a man known around the firehouse as someone who would go the extra mile, even for a stranger, Mack said.

Source: http://www.tribecatrib.com/newsmay04/street-naming.htm

Lt. Vincent G. Halloran

Credit: http://www.cnn.com/SPECIALS/2001/memorial/images/full-size/halloran.vincent.jpg

FDNY Hook & Ladder 8 Firehouse DedicationFDNY Hook & Ladder Engine 8 Dedication

Credit: http://www.flickr.com/photos/flickr4jazz/4060792844/ Credit: http://www.cnn.com/SPECIALS/2001/memorial/images/full-size/halloran.vincent.jpg

Lieutenant Halloran was 43 and the father of five boys Jake, Connor, Aidan, Kieran and Declan.

A sixth child, Phaelan, his only daughter, was born to his wife, Marie Halloran, on what would have been the couple’s sixteenth wedding anniversary in May 2002.

In a New York Times Dec. 29, 2001 profile of Lt. Halloran, his wife Marie reflecting on Vinnie said it best, “What can I say, he just loved kids.”

In a Sept. 2006 online story posted at http://www.LoHud.com entitled Firefighter’s family learns to keep going, Marie Halloran said, “We try to dwell on what we have, not what we lost. I really do believe you have to live your life so you don’t have regrets. Be kind to others, help others, give back. Be a good person. If I knew what was going to happen, I would not remake any decision.”

On the 10th anniversary of 9/11 we honor the memory of all the 9/11 first responders as well as those who tragically died that day.

Two years ago I learned of Halloran and his family by participating in Project 2,996 named after the number of victims of the attack.

I encourage others to become involved with Project 2,996 on this the 10-year anniversary of 9/11:

“We Remember…

On Sept. 11, 2001 almost 3,000 of the world’s citizens were brutally, and publicly, murdered. We all cried, and we all swore that we’d never forget. But a few years later I realized that I knew nothing about those people who were doing nothing more than living their lives. In 2006 I asked other bloggers if they thought it would be a good idea to take the time to learn about the victims and try to keep their individual memories alive. The response I got was overwhelming. And Project 2,996 is the result. …”

Source: http://project2996.wordpress.com/

FDNY Ladder 8

FDNY – Hook & Ladder 8 In The House – 5/9/11

Related Posts On Pronk Palisades

Project 2,996: Remembering Lt. Vincent Gerard Halloran

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Remembering September 11, 2001

Remembering September 11, 2001–Duty, Honor, Country–Your Rallying Point

Remembering September 11, 2001 On The Eighth Anniversary

Judy Collins–Videos

The Voice of An Angel–Hayley Westenra–Videos

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Pronk Pops Show 43, August 31, 2011: Segment 1: The Conference Board’s Consumer Confidence Index Craters: 59.2 In July To 44.5 In August–Lowest Since April 2009!

Pronk Pops Show 43, August 31, 2011: Segment 2: U.S. Economy On The Verge Of A Recession–Second Quarter GDP Growth Rate Revised Down From 1.3% to 1.0%–Bernanke Advocates Fiscal Stimulus–No QE3 For Now–Consumer Confidence Craters–Videos

Pronk Pops Show 43, August 31, 2011: Segment 3: Obama’s Approval Rating On Economy Hits New Gallup Poll Low Of 26%–Republican Presidential Candidates Romney, Perry, Paul and Bachmann Attack Obama’s Job Creation Record–Videos

Read Full Post | Make a Comment ( None so far )

Pronk Pops Show 42, August 24, 2011: Segment 2: Obama’s Executive Order On Illegal Immigration Violates Oath Of Office and Immigration Law–An Impeachable And Criminal Offense–Amnesty For Illegal Aliens–Videos

Posted on August 24, 2011. Filed under: American History, Budgetary Policy, Business, College, Crime, Culture, Economics, Education, Federal Government, Fiscal Policy, Foreign Policy, Government, Government Spending, Health Care Insurance, History, Housing, Illegal Immigration, Immigration, Investments, Legal Immigration, Philosophy, Politics, Polls, Public Sector Unions, Security, Tax Policy, Unions, Violence, War, Wisdom | Tags: , , , , |

Pronk Pops Show 42:August 24, 2011

Pronk Pops Show 41:August 17, 2011

Pronk Pops Show 40:August 10, 2011

Pronk Pops Show 39:August 3, 2011

Pronk Pops Show 38:July 27, 2011

Pronk Pops Show 37:July 20, 2011

Listen To Pronk Pops Podcast or Download Shows 41-42

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Segment 2: Obama’s Executive Order On Illegal Immigration Violates Oath Of Office and  Immigration Law–An Impeachable And Criminal Offense–Amnesty For Illegal Aliens–Videos

Bypassing Congress with backdoor amnesty

Rep. West: Obama Shredding Constitution With New ‘Amnesty’ Policy

Obama Subverts Constitution! Signs Amnesty by “Executive Order”

Allen West President Obama shredding the Constitution

Homeland Security to Focus on Deporting Criminals Under New Immigration Rules

New Deportation Policy, ‘Just a Band-Aid’

Gov. Jan Brewer: Obama’s New Jobs Plan Is for Illegals

‘Backdoor Amnesty’ for Illegal Aliens By Obama To Get Latino Votes In 2012 Election

Obama Issues ‘Dream Act’ by Executive Order & Bypasses Constitution, Again.

Obama halts deportation of illegal aliens

Obama Cancels Deportation Of Illegals – Alex Jones Tv

Illegal Aliens Returning To Mexico In Search Of A Better Life!

NewsBusted 8/23/11

Background Articles and Videos

Ron Paul on Illegal Immigration

Sessions on DREAM Act: The American People Did Not Vote for Amnesty

GOP Blocks Immigration DREAM Act – Democracy NOW!

[youtubehttp://www.youtube.com/watch?v=7Y99rwFNfR4]

Lou Dobbs On DREAM ACT – Sept. 20, 2010

Haley vs. Napolitano on Illegal Immigration Enforcement

Mark Levin – Obama Has Just Granted Amnesty For Two Hundred Thousand Illegal Immigrants

Obama Administration Pledges to Reduce Deportations

Thursday, August 18, 2011,

“…The Obama Administration announced on Thursday that it will individually review the 300,000 cases of illegal aliens currently holding deportation orders in an effort to appease his pro-amnesty critics and last year’s record number of deportations.

The Administration deported 400,000 illegal aliens last year — less than half had been convicted for other crimes. Pres. Obama is pledging to halt deportations of non-criminal illegal aliens. Illegal aliens that are considered low-priority deportations will no longer be the focus, including young people who were brought to the U.S. as children, military veterans and spouses of military personnel.

“They will be applying common sense guidelines to make these decisions, like a person’s ties and contributions to the community, their family relationships and military service record,” White House Director of Intergovernmental Affairs Cecilia Muñoz wrote on the White House blog. “In the end, this means more immigration enforcement pressure where it counts the most, and less where it doesn’t – that’s the smartest way to follow the law while we stay focused on working with the Congress to fix it.”

http://www.numbersusa.com/content/news/august-18-2011/obama-administration-pledges-reduce-deportations.html

Obama Amnesty Begins: Halts Deportations for 300,000 Illegal Aliens; Offers ‘Work Permits’

by John Hill

“…The Obama Administration today announced a virtual amnesty-by-decree for hundreds of thousands of illegal aliens, whose deportations will be “indefinitely delayed”. In addition, Obama finally announced a jobs program – but for ILLEGAL ALIENS, not citizens – as those 300,000 illegals will also become eligible for “work permits“.

This action represents an administrative end-run around Congress, which twice rejected the ‘DREAM Act’ in 2010. As disgraceful as is this usurpation of Congressional authority, this announcement is even worse than is being reported.

Our analysis reveals that – despite media focus of this action limited to so-called “Dreamer” illegal students, this new policy, coupled with the criteria established by the June 2011 “Morton Memos” which set up a joint “DHS and DOJ working group” could expand this “indefinite delay” of deportation to potentially MILLIONS of illegals – creating a new, massive amnesty entirely by fiat, bypassing Congress. …”

“…Under the new process, a Department of Homeland Security (DHS) and Department of Justice (DOJ) “working group” will develop specific criteria to identify “low-priority removal cases” that should be considered for prosecutorial discretion. These criteria will be based on “positive factors” from the Morton Memo (PDF), which include

  • individuals present in the U.S. since childhood (like ‘DREAM Act’ students)
  • minors
  • the elderly
  • pregnant and nursing women
  • victims of serious crimes
  • veterans and members of the armed services
  • and individuals with serious disabilities or health problems

The breadth of the above list makes it less a matter of which illegal aliens are excluded than which ones are NOT. Minors, elderly, pregnant and nursing (could cover more than half of all childbearing-age illegal alien women!), victims of “serious” crimes (what defines “serious”?), disabilities/health problems(does diabetes count? depression?).

The Morton Guidelines above, coupled with today’s announcement suspending deportations equals a potential amnesty for MILLIONS of illegal aliens – all without ANY Congressional action or authorization. …”

http://standwitharizona.com/blog/2011/08/18/obama-amnesty-begins-halts-deportations-for-300000-illegal-aliens-offers-work-permits/

Obama to deport illegals by ‘priority’

Case-by-case plan will curb numbers

“…The new rules apply to those who have been apprehended and are in deportation proceedings, but have not been officially ordered out of the country by a judge.

Ms. Napolitano said a working group will try to come up with “guidance on how to provide for appropriate discretionary consideration” for “compelling cases” in instances where someone already has been ordered deported.

Administration officials made the announcement just before Mr. Obama left for a long vacation out of Washington, and as members of Congress are back in their home districts.

The top House Republican on the Judiciary Committee said the move is part of a White House plan “to grant backdoor amnesty to illegal immigrants.”

“The Obama administration should enforce immigration laws, not look for ways to ignore them,” said Rep. Lamar Smith, Texas Republican. “The Obama administration should not pick and choose which laws to enforce. Administration officials should remember the oath of office they took to uphold the Constitution and the laws of the land.”

Immigration legislation has been stalled in Congress for years as the two parties have sparred over what to include.

Republicans generally favor stricter enforcement and a temporary program that would allow workers in the country for some time, but eventually return to their home countries. Democrats want the legislation to include legalization of the estimated 11 million illegal immigrants now in the country, and want the future guest-worker program to also include a path to citizenship so those workers can stay permanently. …”

http://www.washingtontimes.com/news/2011/aug/18/new-dhs-rules-cancel-deportations/

Related Posts On Pronk Pops

Pronk Pops Show 42, August 24, 2011: Segment 1: Obama’s Approval Rating On Economy Hits New Gallup Poll Low Of 26%–Republican Presidential Candidates Romney, Perry, Paul and Bachmann Attack Obama’s Job Creation Record–Videos

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Pronk Pops Show 42, August 24, 2011: Segment 1: Obama’s Approval Rating On Economy Hits New Gallup Poll Low Of 26%–Republican Presidential Candidates Romney, Perry, Paul and Bachmann Attack Obama’s Job Creation Record–Videos

Posted on August 23, 2011. Filed under: American History, Budgetary Policy, Business, College, Computers, Culture, Economics, Education, Energy, Federal Government, Fiscal Policy, Foreign Policy, Government, Government Spending, Health Care Insurance, History, Investments, Labor Economics, Monetary Policy, Philosophy, Politics, Polls, Public Sector Unions, Success, Tax Policy, Technology, Unions, Videos, War, Wisdom | Tags: , , , , , , , , , , , , , , , , |

Pronk Pops Show 42:August 24, 2011

Pronk Pops Show 41:August 17, 2011

Pronk Pops Show 40:August 10, 2011

Pronk Pops Show 39:August 3, 2011

Pronk Pops Show 38:July 27, 2011

Pronk Pops Show 37:July 20, 2011

Listen To Pronk Pops Podcast or Download Shows 41-42

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-26

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 1: Obama’s Approval Rating On Economy Hits New Gallup Poll Low Of 26%–Republican Presidential Candidates Romney, Perry, Paul and Bachmann Attack Obama’s Job Creation Record–Videos

OBAMA´S APPROVAL RATING ON ECONOMY HITS LOW

Peter Schiff, John Lonski, Dennis Berman – on Inflation, Deflation & Recession

Mitt Romney Presidential Announcement

Obama Isn’t Working: Chicago

Obama Isn’t Working: Allentown, PA

Obama Isn’t Working: New Hampshire

Obama Isn’t Working: Where are the Jobs?

Gov. Rick Perry Blasts Obama’s Record on Jobs as an “Economic Disaster”

Rick Perry announces he will run for President (Part 1 of 2) — August 13, 2011

Rick Perry announces he will run for President (Part 2 of 2) — August 13, 2011

Ron Paul Ad – “The one who can beat Obama”

Ron Paul on America Live with Megyn Kelly

Ron Paul: Perry Makes Me Look Like a Moderate

Ron Paul – the Most Untalked About Top Tier Presidential Candidate

Ron Paul Ignored By The Media

Editor-in-Chief Insights: Intense Favorites

Face The Nation with B…: Michele Bachmann wins straw poll, lays out

Face The Nation with B…: GOP presidential race picks up the pace

Newt Gingrich Releases 2012 Presidential Candidacy Announcement Video

A new job’s plan

Obama Plans Major Jobs/Debt Speech

Obama’s jobs plan – What’s the holdup [CNN 8-18-2011]

Obama says new job creating plan on the way 8/17/2011

SR Allstars – August 17 – Part 1: Obama Jobs Plan?

SR Allstars – August 17 – Part 2: 2012, Perry, Ryan, Paul

Fox’s Andrew Napolitano Predicts Obama’s Jobs Plan Will Be A ‘Giveaway To Select Groups That He And

The Triumph of Human Freedom: THE PLAIN TRUTH by Judge Napolitano 8/18/11

Obama’s approval rating on economy hits new Gallup Poll low of 26 percent

Republican presidential candidates Romney, Perry, Paul and Bachmann attack Obama’s job creation record

By Raymond Thomas Pronk

In Feb. 2009 President Barack Obama’s Gallup Poll approval rating on the economy was at its highest at 59 percent and his disapproval rating was at its lowest of 30 percent. The official unemployment rate was 7.8 percent in Jan 2009. In Aug. 2011 Obama’s Gallup Poll approval rating on the economy was 26%, a new low, and his disapproval rating was 71%, a new high. The July 2011 unemployment rate was 9.1%. The unemployment rate has been over 8% for the last 31 months. Obama’s overall job approval rating according to the Gallup’s daily three-day rolling average tracking poll of Aug. 11-13 dipped below 40 percent for the first time when it hit a new low of 39 percent. It fell again on Aug. 20 to 38 percent.

Unemployment Rate Percent from Jan. 2001-Aug. 2011

Source: Bureau of Labor Statistics, Department of Labor

In the Rasmussen Reports daily Presidential Tracking Poll for Aug. 23, 2011 President Obama also hit a new low on the Presidential Approval Index of -26 with 45 percent strongly disapproving and 19 percent strongly approving. Rasmussen Reports on Aug. 23, 2011 that among likely voters Obama is at 39 percent and Paul at 38 percent. In a matchup between Obama and a generic Republican candidate among likely voters, Obama is at 43 percent and the generic Republican at 48 percent.

The Misery Index is an economic indicator that is the sum of the unemployment and inflation rates. When President Obama entered office, his Misery Index stood at 7.73 percent. Today it is over 12.7 percent. Obama’s average Misery index is 10.52 which is greater than George W. Bush’s average Misery Index of 8.11 and Bill Clinton’s average misery index of 7.8 percent.

Should the U.S. economy enter another recession, the unemployment rate will most likely again exceed 10 percent. Obama’s approval rating on the economy will most likely fall even lower and his Misery Index will be even higher. However, it is unlikely that Obama’s Misery Index will beat President Jimmy Carter’s June 1980 record Misery Index of 21.98. Ronald Reagan beat Jimmy Carter in the 1980 presidential election with 489 electoral votes and 43,903,230 popular votes to Jimmy Carter’s 49 electoral votes and 35,480,115 popular votes—a landslide Republican victory over an incumbent Democratic president.

Jobs and the economy will be the number one political issue in the 2012 Presidential election. The leading Republican candidates, former Massachusetts’s Governor Mitt Romney, Texas Governor Rick Perry, Texas Congressman Ron Paul and Minnesotan Congresswoman Michele Bachmann have been very critical of President Obama’s performance in terms of job creation and the growth in the economy measured by the Gross Domestic Product.

A television attack ad paid for by Romney ends with the tagline, “Obama isn’t working”, with a photo of an unemployment office with a long twisting line of Americans looking for jobs. This is one of a series of one minute attacks ads where the phrase, “Obama isn’t working” is repeated and the employment situation prior to the Obama administration is compared with the employment situation today in a particular city or state. Another attack ad in the series is directed at college students and begins with Obama promising students at the University of Maryland a better future in 2009 and ends with the questions, “Where is the opportunity? Where are the jobs?”

Perry recently entered the presidential race and does not have any Obama attack ads to date. However, Perry in a recent speech to the South Carolina GOP blasted Obama’s record on job creation comparing it to his record on job creation in Texas. Perry stated “The fact is one in six work eligible Americans cannot find a full time job. That is not a recovery, it is an economic disaster.” Perry continued that “we tried for two and half years government trying to create jobs. It is time for the private sector to be given the chance to create jobs.” Perry is proud of his job creation record in Texas and pointed out that “since June of 2009 my home state has created 40 percent of all new jobs created in America.”

Paul has a one minute TV attack ad which asserts that he was the one “voting against every tax increase, every unbalanced budget, every time, standing up to the Washington machine, guiding by principle, Ron Paul who will stop the spending, save the dollar, create jobs, bring peace, the one who will restore liberty. Ron Paul the one who can beat Obama and restore America now.”

Bachmann in an interview on Face the Nation emphasized that she is the chief author of two bills that would repeal Obamacare (the Patient Protection and Affordable Care Act) and the Dodd–Frank Wall Street Reform and Consumer Protection Act. Companies are telling her “that those bills are leading them not to be able to create jobs.” Bachmann also favors “repeal of the existing tax code in its current form, it is 3.8 million words”; “we need a tax code that is job friendly, this is not a job friendly tax code. When you have one of the highest corporate tax rates in the world at 34 percent that is not going to incentivize people to start new businesses.”

President Obama announced that he will release his new jobs plan after Labor Day. He said “I will be putting forward when they come back in September a very specific plan to boost the economy, to create jobs, and control our deficit.” Two of the specifics of Obama’s plan that have leaked to the press include an extension of unemployment benefits and extension of the payroll tax cut. The Romney and Paul ads, Perry speech, Bachmann interview and Obama announcement can be viewed in their entirety on YouTube.com with links to them on www.pronkpops.wordpress.com .

In a recent Gallup Poll released on Aug. 22, President Obama is running neck and neck with the top four Republican candidates. Romney leads Obama 48 percent to 46 percent. Perry and Obama are tied in the poll at 47 percent each. Obama leads Republican candidates Paul, 47 percent to 45 percent and Bachmann, 48 percent to 44 percent.

Among independents Romney and Paul lead Obama by 3 percent and Perry leads Obama by 2 percent. Obama beats Bachmann by 6 percent among independents. The Gallup Poll was conducted on Aug. 16 and 17 and has a margin of error of 3.3 percent. For the American people, jobs and the economy are the leading issues of the 2012 presidential election.

[Raymond Thomas Pronk is host of the Pronk Pops Show on KDUX web radio from 3-5 p.m. Wednesday and author of the companion www.pronkpops.wordpress.com blog with links to online videos and articles and past radio show podcasts and downloads—Give It A Listen!]

Background Articles and Videos

Gallup poll: GOP contenders neck-and-neck with Obama

Republicans line up behind candidates to a greater extent than Dems behind president

By Steven Shepard

“…The poll, conducted last week as Obama’s approval rating cratered around 40 percent, shows Obama leading Rep. Michele Bachmann, R-Minn., 48 to 44 percent, and Rep. Ron Paul, R-Tex., 47 to 45 percent.

Texas Gov. Rick Perry ties the president at 47 percent each, and former Massachusetts Gov. Mitt Romney leads Obama, 48 to 46 percent.

At this early stage of the campaign, Republicans are largely lined up behind their candidates to a greater extent than Democrats are behind the incumbent president.

Republicans are firmly behind Perry (92 percent) and Romney (91 percent). Bachmann (86 percent) and Paul (82 percent) perform slightly worse among members of their own party. …”

“…Independents are split: Romney and Paul lead among that group by three points, Perry by two, but Obama leads Bachmann among independents by six points. …”

http://www.msnbc.msn.com/id/44235036/ns/politics-decision_2012/t/gallup-poll-gop-contenders-neck-and-neck-obama/

Gallup Daily: Obama Job Approval

Each result is based on a three-day rolling average

http://www.gallup.com/poll/113980/Gallup-Daily-Obama-Job-Approval.aspx

Rasmussen Reports

Daily Presidential Tracking Poll

Tuesday, August 23, 2011

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“…The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 19% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-five percent (45%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -26 (see trends).

This is the lowest Approval Index rating yet measured for President Obama. The previous low was -24 reached yesterday and also in September 2010. Additionally, the level of Strong Approval matches the lowest yet recorded. By way of comparison, President Bush had ratings near the end of his second term in the minus 30s. …”

http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

Obama 39%, Paul 38%
“…The president and the maverick are running almost dead even in a hypothetical 2012 election matchup.Texas Republican Congressman Ron Paul earns 38% of the vote to President Obama’s 39% in the latest Rasmussen Reports national telephone survey of Likely U.S. Voters. Fourteen percent (14%) like some other candidate, and eight percent (8%) remain undecided. (To see survey question wording, click here.)

Just a month ago, Obama posted a 41% to 37% lead over Paul, who ran second to Minnesota Congresswoman Michele Bachmann in the recent high-profile Ames Straw Poll in Iowa.

Paul, whose long run afoul of the GOP establishment with his libertarian policy prescriptions, picks up 61% of the Republican vote, while 78% of Democrats fall in behind the president. Voters not affiliated with either of the major political parties prefer the longtime congressman by 10 points – 43% to 33%. …”

http://www.rasmussenreports.com/public_content/politics/elections/election_2012/election_2012_presidential_election/obama_39_paul_38

Election 2012: Generic Presidential Ballot
Election 2012: Generic Republican 48%, Obama 43%
“… A generic Republican candidate now holds a five-point advantage over President Obama in a hypothetical 2012 election match-up for the week ending Sunday, August 21. The latest Rasmussen Reports national telephone survey of Likely U.S. Voters finds the generic Republican earning 48% of the vote, while the president picks up support from 43%. Two percent (2%) prefer some other candidate, and seven percent (7%) are undecided. ,,,”

The US Misery Index
January 1948 to July 2011

Misery Index = Unemployment rate + Inflation rate

http://www.miseryindex.us/customindexbymonth.asp

Related Posts On Pronk Palisades

Pronk Pops Show 42, August 24, 2011: Segment 2: Obama’s Executive Order On Illegal Immigration Violates Oath Of Office and Immigration Law–An Impeachable And Criminal Offense–Amnesty For Illegal Aliens–Videos

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Pronk Pops Show 42, August 24, 2011: Segment 0: Malcolm Gladwell–Outliers: The Story of Success–Videos

Posted on August 23, 2011. Filed under: American History, Books, Business, College, Computers, Economics, Education, Government, History, Philosophy, Politics, Resources, Security, Software, Success, Technology, Wisdom | Tags: , , , , , , , , , , , , , , , |

Pronk Pops Show 42:August 24, 2011

Pronk Pops Show 41:August 17, 2011

Pronk Pops Show 40:August 10, 2011

Pronk Pops Show 39:August 3, 2011

Pronk Pops Show 38:July 27, 2011

Pronk Pops Show 37:July 20, 2011

Listen To Pronk Pops Podcast or Download Shows 41-42

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-26

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 0: Malcolm Gladwell–Outliers: The Story of Success–Videos

Malcolm Gladwell at the 92nd Street Y

Malcolm Gladwell – Why do some succeed where others fail? What makes high-achievers different?

Malcolm Gladwell – Outliers 1 (2009)

Malcolm Gladwell – Outliers 2 (2009)

“…People don’t rise from nothing. We do owe something to parentage and patronage. The people who stand before kings may look like they did it all by themselves. But in fact they are invariably the beneficiaries of hidden advantages and extraordinary opportunities and cultural legacies that allow them to learn and work hard and make sense of the world in ways others cannot begin to imagine. It’s not enough to ask what successful people are like, in other words. It is only by asking where they are from that we can unravel the logic behind who succeeds and who doesn’t.” Outliers, page 19.

What do computer programmers Bill Gates, co-founder of Microsoft, and Bill Joy, co-founder of Sun Microsystems, and musicians Wolfgang Amadeus Mozart and John Lennon and Paul McCarthy, co-founders of the Beatles have in common? All of them had the opportunity to master their craft or discipline by practicing for over 10,000 hours. This is Malcolm Gladwell’s 10,000-hour rule of success based upon the work of neurologist of Daniel Levitin who wrote:

“…The emerging picture from such studies is that ten thousand hours of practice is required to achieve the level of mastery associated with being a world-class expert — in anything. In study after study, of composers, basketball players, fiction writers, ice skaters, concert pianists, chess players, master criminals, and what have you, this number comes up again and again. Of course, this doesn’t address why some people get more out of their practice sessions than others do. But no one has found a case in which true world-class expertise was accomplished in less time. It seems that it takes the brain this long to assimilate all that it needs to know to achieve true mastery. …”

Which reminds me of the story of one of the greatest classical pianist of the twentieth century Arthur Rubinstein who was approached by a man on a street near Carnegie Hall and asked, “Pardon me sir, How do I get to Carnegie Hall? Rubinstein answered, “Practice. Practice. Practice.”

While talent is important, what is by far more important is to have the chance or opportunity to learn and develop your talent over a period of ten years or more in order to master your chosen craft, discipline or profession. This pattern of success should not be rare but common place and encouraged throughout society.

“…We are so caught in the myths of the best and brightest and the self-made that we think outliers spring naturally from the earth. We look at the young Bill Gates and marvel that our world allowed that thirteen-year-old unlimited access to a time-sharing terminal in 1968. If a million teenagers had been given the same opportunity, how many more Microsofts would we have today? To build a better world we need to replace the patchwork of lucky breaks and arbitrary advantages that today determine success—the fortunate birth dates and the happy accidents of history—with a society that provides opportunities for all. …” Outliers, page 268.

Background Articles and Videos

Outliers: The Story of Success

“…Outliers: The Story of Success is a non-fiction book written by Malcolm Gladwell and published by Little, Brown and Company on November 18, 2008. In Outliers, Gladwell examines the factors that contribute to high levels of success. To support his thesis, he examines the causes of why the majority of Canadian ice hockey players are born in the first few months of the calendar year, how Microsoft co-founder Bill Gates achieved his extreme wealth, and how two people with exceptional intelligence, Christopher Langan and J. Robert Oppenheimer, end up with such vastly different fortunes. Throughout the publication, Gladwell repeatedly mentions the “10,000-Hour Rule”, claiming that the key to success in any field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours.

The publication debuted at number one on the bestseller lists for The New York Times and The Globe and Mail, holding the position on the former for eleven consecutive weeks. Generally well received by critics, Outliers was considered more personal than Gladwell’s other works, and some reviews commented on how much Outliers felt like an autobiography. Reviews praised the connection that Gladwell draws between his own background and the rest of the publication to conclude the book. Reviewers also appreciated the questions posed by Outliers, finding it important to determine how much individual potential is ignored by society. However, the lessons learned were considered anticlimactic and dispiriting. The writing style, deemed easy to understand, was criticized for oversimplifying complex sociological phenomena. …”

http://en.wikipedia.org/wiki/Outliers_(book)

Malcolm Gladwell

“…Malcolm Gladwell (born September 3, 1963) is a Canadian writer for The New Yorker and best-selling author based in New York City.[1] He has been a staff writer for The New Yorker since 1996. He is known for his books The Tipping Point (2000), Blink (2005), Outliers (2008), and What the Dog Saw: And Other Adventures (2009). Gladwell’s books and articles often deal with the unexpected implications of research in the social sciences and make frequent and extended use of academic work, particularly in the areas of sociology, psychology, and social psychology. Gladwell was appointed to the Order of Canada on June 30, 2011.[2]

Early life

Gladwell’s British father, Graham M. Gladwell, is a civil engineering professor emeritus at the University of Waterloo in Ontario, Canada; his mother, Joyce E. (née Nation), is a Jamaican-born psychotherapist.[3] Gladwell was born in Fareham, Hampshire, England, but when he was six his family moved to Elmira, Ontario, Canada.[4]

According to research done by Professor Henry Louis Gates, Jr., of Harvard University, in 2010 for the PBS series Faces of America, Gladwell’s family tree includes ancestors of West Indian, Igbo, Irish, English, and Scottish heritage. One of his European ancestors, an Irishman named William Ford, arrived in Jamaica in the late 18th century and with his concubine, an Igbo slave named Hannah Burton, he had a son named John Ford, whose descendants included a long line of privileged mixed-race Jamaicans, the Fords.[5] On his father’s side, his great-great grandparents, Thomas Adams and Jane Wilson, left England and Ireland to take part in the Castlemaine gold rush in Victoria, Australia in the 1850s.[3] Gladwell has said that his mother, who published a book titled Brown Face, Big Master in 1969, is his role model as a writer.[6] His distant cousin is the American general and statesman of Jamaican descent, Colin Powell.[7]

During his high school years, Gladwell was an outstanding middle-distance runner and won the 1500 meter title at the 1978 Ontario High School championships in Kingston, Ontario, in a duel with eventual Canadian Open record holder David Reid.[8] In the spring of 1982, Gladwell interned with the National Journalism Center in Washington, D.C.[9] He graduated with a degree in history from the University of Toronto’s Trinity College in 1984.[10]

Career

Gladwell began his career at The American Spectator, a conservative monthly.[11] He subsequently wrote for Insight on the News, a conservative magazine owned by the Rev. Sun Myung Moon’s Unification Church, before joining The Washington Post as a business writer in 1987.[12] He later served as a science writer and as New York bureau chief for the Post before leaving the paper in 1996. He is currently a staff writer for The New Yorker. His books—The Tipping Point (2000) and Blink (2005)—were international bestsellers. Gladwell received a US$1 million advance for The Tipping Point, which went on to sell over two million copies in the United States.[13][14] Blink sold equally well.[13][15] His third book, Outliers: The Story of Success, was released November 18, 2008.[16] His latest book, What the Dog Saw: And Other Adventures, was published on October 20, 2009. What the Dog Saw bundles together his favorite articles from The New Yorker since he joined the magazine as a staff writer in 1996.[17] Gladwell has told a number of stories at The Moth storytelling society in New York City.

Works

Gladwell’s first work, The Tipping Point, discusses the potentially massive implications of small-scale social events, while his second book, Blink, explains how the human subconscious interprets events or cues and how past experiences allow people to make informed decisions very rapidly. Outliers examines how a person’s environment, in conjunction with personal drive and motivation, affects his or her possibility and opportunity for success. Gladwell stated, “The hope with Tipping Point was it would help the reader understand that real change was possible. With Blink, I wanted to get people to take the enormous power of their intuition seriously. My wish with Outliers is that it makes us understand how much of a group project success is. When outliers become outliers it is not just because of their own efforts. It’s because of the contributions of lots of different people and lots of different circumstances.”[18]

Reception

Critical appraisal of Gladwell’s work has been mixed. Most praise his gift for compelling writing and clarity of expression while many disagree with his conclusions or question the validity of his methods, and some just don’t like his writing style.

Fortune described The Tipping Point as “a fascinating book that makes you see the world in a different way,” and the San Francisco Chronicle named it “one of the year’s most anticipated nonfiction titles.”[19][20] The Daily Telegraph called it “a wonderfully offbeat study of that little-understood phenomenon, the social epidemic.”[21] Steven Pinker writes that Gladwell is a writer of “many gifts… He avoids shopworn topics, easy moralization and conventional wisdom, encouraging his readers to think again and think different. His prose is transparent, with lucid explanations and a sense that we are chatting with the experts ourselves.”[22]

Reviewing Blink, the Baltimore Sun dubbed Gladwell “the most original American [sic] journalist since the young Tom Wolfe.”[23] Farhad Manjoo at Salon described the book as “a real pleasure. As in the best of Gladwell’s work, Blink brims with surprising insights about our world and ourselves.”[24] The Economist called Outliers “a compelling read with an important message.”[25] David Leonhardt wrote in The New York Times Book Review: “In the vast world of nonfiction writing, Malcolm Gladwell is as close to a singular talent as exists today” and that Outliers “leaves you mulling over its inventive theories for days afterward.”[26] The Baltimore Sun stated that with the collection What the Dog Saw Gladwell “does what he does best—finds the intersection of science and society to explain how we got where we are.”[27] Ian Sample wrote in the Guardian: “Brought together, the pieces form a dazzling record of Gladwell’s art. There is depth to his research and clarity in his arguments, but it is the breadth of subjects he applies himself to that is truly impressive.”[28]

Criticism of Gladwell tends to focus on the fact that he is a journalist and not an academic, and as a result his work does not meet the standard of academic writing. He has been accused, for example, of falling prey to a variety of logical fallacies and cognitive biases. Critics charge that his sampling methods have resulted in hasty generalizations and selection biases, as well as a tendency to imply causation between events where only correlation exists.[29][30][31] One review of Outliers accuses Gladwell of “racist pseudoscience” due to “using his individual case studies as a means to jump to sweeping generalizations on race and class status,”[32] while another review in The New Republic called the final chapter of Outliers, “impervious to all forms of critical thinking”.[33] Gladwell has also received much criticism for his use of anecdotal evidence and general lack of rigor in his approach.[34][35]

Maureen Tkacik and Steven Pinker[22][36] have challenged the integrity of Gladwell’s approach. Even while praising Gladwell’s attractive writing style and content, Pinker sums up his take on Gladwell as, “a minor genius who unwittingly demonstrates the hazards of statistical reasoning,” while accusing Gladwell of “cherry-picked anecdotes, post-hoc sophistry and false dichotomies” in his book Outliers. Referencing a Gladwell reporting mistake, Pinker criticizes his lack of expertise: “I will call this the Igon Value Problem: when a writer’s education on a topic consists in interviewing an expert, he is apt to offer generalizations that are banal, obtuse or flat wrong.”[22]

A writer in The Independent accused Gladwell of posing “obvious” insights.[37] The Register has accused Gladwell of making arguments by weak analogy and commented that Gladwell has an “aversion for fact”, adding that, “Gladwell has made a career out of handing simple, vacuous truths to people and dressing them up with flowery language and an impressionistic take on the scientific method.” An article by Gladwell inaccurately referring to Finnish software engineer Linus Torvalds as the “Norwegian hacker Linus Torvald [sic]” was referred to by The Register as a typical example of alleged sloppy writing.[38] Gladwell’s literary approach is spoofed on the Web site the Malcolm Gladwell Book Generator.[39] …”

http://en.wikipedia.org/wiki/Malcolm_Gladwell

Malcolm Gladwell: What we can learn from spaghetti sauce

Malcolm Gladwell – THE KENNA PROBLEM: Why asking people what they like is sometimes a bad idea

kenna interview with malcom part 2

Malcolm Gladwell – Blink – full show

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Malcolm Gladwell – Part 2

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Pronk Pops Show 41:August 17, 2011

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Pronk Pops Show 39:August 3, 2011

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Pronk Pops Show 41

August 17, 2011 04:23 PM PDT

Pronk Pops Show 41, August 17, 2011

Segment 0: 2011 Iowa Straw Poll: Bachmann knocks off Pawlenty, Paul builds momentum, Perry crashes party—Show me the money!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/08/16/pronk-pops-show-41-august-16-2011-segment-0-2011-iowa-straw-poll-bachmann-knocks-off-pawlenty-paul-builds-momentum-perry-crashes-party%E2%80%94show-me-the-money-videos/?preview=true&preview_id=1802&preview_nonce=da6c20c0ed

Segment 1: Beyond Top Tier–First In The Hearts and Minds Of The American People and Founding Fathers–The One–Ron Paul–Restoring Liberty, Peace and Prosperity–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/08/16/pronk-pops-show-41-august-17-2011-segment-1-beyond-top-tier-first-in-the-hearts-and-minds-of-the-american-people-and-founding-fathers-the-one-ron-paul-restoring-liberty-peace-and-prosperity/

Segment 2 : It’s Time For A Permanent, Pervasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/08/16/pronk-pops-show-41-august-17-2011-segment-3-it%E2%80%99s-time-for-a-permanent-pervasive-and-predictable-stimulus-package%E2%80%93the-fairtax%E2%80%93launching-a-peace-and-prosperity-economy/

Pronk Pops Show 40

August 10, 2011 03:35 PM PDT

Pronk Pops Show, August 10, 2011

Segment 0: The Warfare and Welfare Economy Worsens With 30 Americans Killed and Over 45 Million Americans On Food Stamps–American People Want A Peace and Prosperity Economy–A Paycheck Not Food Stamps–Stop Out Of Control Spending On Government Interventions Abroad and At Home–Videos

For Additional Information and Videos

https://pronkpops.wordpress.com/2011/08/08/pronk-pops-show-40-august-10-2011-the-warfare-and-welfare-economy-worsens-with-32-americans-killed-and-over-45-million-americans-on-food-stamps%E2%80%93american-people-want-a-peace-and-prosperity-e/?preview=true&preview_id=1702&preview_nonce=c9b76309ce

Segment 1: More GORE–Great Obama Recession Economy–Government Treasury Securities Downgraded From AAA to AA+ With A Negative Outlook By Standard & Poor’s Rating Agency–Too Little Too Late–The Austrian School of Economics Was Right!–Videos

For Additional Information and Videos

https://pronkpops.wordpress.com/2011/08/09/pronk-pops-show-40-august-10-2011-segment-1-more-gore-great-obama-recession-economy-government-treasury-securites-downgraded-from-aaa-to-aa-with-a-negative-outlook-by-standard-poors-rat/

Pronk Pops Show 39

August 03, 2011 04:00 PM PDT

Pronk Pops Show 39, August 3, 2011

Segement 0: Will Tea Party Caucus Vote As A Block Against Democratic and Republican Establishment Compromise Bill On Raising National Debt Ceiling By $900 Billion, Adding Over $7,000 Billion To National Debt In The Next Ten Years Plus A Huge Tax Hike in 2013?–The American People Would Like To Know!–Videos

For Addition Information and Videos:

https://pronkpops.wordpress.com/2011/08/02/pronk-pops-show-38-august-3-2011-segement-0-will-tea-party-caucus-vote-as-a-block-against-democratic-and-republican-establishment-compromise-bill-on-raising-national-debt-ceiling-by-900-billion/

Segment 1: The Second Obama Recession Starts Or The Great Obama Depression Continues–The Growth Rate of Gross Domestic Product Declines For Four Consecutive Quarters–The Economy Has Peaked And Entered A Period Of Stagflation–Rising Prices, Unemployment And Obama Misery Index!–Ron Paul To The Rescue?–Videos

For Addition Information and Videos:

https://pronkpops.wordpress.com/2011/08/02/pronk-pops-show-39-august-3-2011-segment-1-the-second-obama-recession-starts-or-the-great-obama-depression-continues%E2%80%93the-growth-rate-of-gross-domestic-product-declines-for-four-consecutive/

Pronk Pops Show 38

July 27, 2011 03:17 PM PDT

Pronk Pops Show 38, July 27, 2011

Segment 0: Tea Party Democrats, Republicans, and Independents Betrayed–Tell The Democratic and Republican Establishments To Balance The Budget and Cut The Debt Ceiling–Just Say No To Obama, Reid, Boehner and Ryan Unbalanced Budgets–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/27/pronk-pops-show-38-july-27-2011-segment-0-tea-party-democrats-republicans-and-independents-betrayed-tell-the-democratic-and-republican-establishments-to-balance-the-budget-and-cut-the-debt-ceil/

Segment 1: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/27/pronk-pops-show-38-july-27-2011-segment-1-segment-1-it%E2%80%99s-time-for-a-permanent-prevasive-and-predictable-stimulus-package%E2%80%93the-fairtax%E2%80%93launching-a-peace-and-prosperity-econ/

Pronk Pops Show 37

July 21, 2011 03:44 PM PDT

Pronk Pops Show 37, July 21, 2011, Part 1

Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

For Additional Information and Videos

https://pronkpops.wordpress.com/2011/07/18/pronk-pops-show-37-july-20-2011-segment-0-president-obama-lies-and-scares-people-on-social-security-stop-spending-and-balance-the-budget-videos/

Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

For Additional Information and Videos

https://pronkpops.wordpress.com/2011/07/18/pronk-pops-show-37-july-20-2011-segment-1-the-american-people%E2%80%99s-solution-to-economic-stagnation-increase-national-debt-ceiling-by-2000-billion-to-16300-billion-in-exchange-for-passage/

Part 2 Segments 2, 3 and 4 will be broadcast next Wednesday, July 27, 2011 from 3-5pm and posted on Thursday, July 28, 2011

Pronk Pops Show 36

July 13, 2011 04:23 PM PDT

Pronk Pops Show 36, July 13, 2011

Segment 0: Lipstick On A Pig–Great Obama Depression– Deeper and Longer–Official U-3 Unemployment Rate Hits 9.2% In June 2011 With 14 Million Unemployed and Total Unemployment Rate U-6 Hits 16.2% With Over 24.8 Million Americans Seeking Full Time Job–Obama Is Not Working–2012–End An Error!–Fire Obama–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/12/pronk-pops-show-36-july-13-2011-segment-0-lipstick-on-a-pig-great-obama-depression-deeper-and-longer-official-u-3-unemployment-rate-hits-9-2-in-june-2011-with-14-million-unemployed-and-total-u/?preview=true&preview_id=1359&preview_nonce=35f48d29ca

Segment 1: Gretchen Morgenson & Joshua Rosner–Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led To Economic Armageddon–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/12/pronk-pops-show-36-july-13-2011-segment-1-gretchen-morgenson-joshua-rosner-reckless-endangerment-how-outsized-ambition-greed-and-corruption-led-to-economic-armageddon-videos/?preview=true&preview_id=1370&preview_nonce=a92ff3f2ca

Segment 2: Jim Rogers, Peter Schiff, Marc Farber and Ron Paul On The National Debt Ceiling and Balancing The Budget–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/12/pronk-pops-show-36-july-3-2011-segment-2-ron-paul-on-the-national-debt-ceiling-and-balancing-the-budget-videos/?preview=true&preview_id=1377&preview_nonce=51b47fd93e

Segment 3: Obama’s Gungate: Operation Fast and Furious–Arming Mexican Drug Cartels and Criminals–Killing American and Mexican Citizens–A Pretext For The Ultimate Aim of Disarming The American People and Repealing the Second Amendment–Department of Justice, Department of Homeland Security, FBI, BATFE, ICE and DEA Coverup and Stonewalling–Call For Special Prosecutor–President Obama and Attorney General Holder Should Be Impeached For Obstruction of Justice–Videos–Updated

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/12/pronk-pops-show-36-july-13-2011-segment-3-obamas-gungate-operation-fast-and-furious-arming-mexican-drug-cartels-and-criminals-killing-american-and-mexican-citizens-a-pretext-for-the-ultimate/?preview=true&preview_id=1366&preview_nonce=811986bc80

Segment 4: Ron Paul won’t seek re election for Congress–Why? Can You Say–President Ron Paul–Vote For A Committed and Principled Constitutionalist–The Peace and Prosperity Candidate For President–Ron Paul–Videos

For additional information and videos:
https://pronkpops.wordpress.com/2011/07/13/pronk-pops-show-36-july-13-2011-segment-4-ron-paul-won%E2%80%99t-seek-re-election-for-congress%E2%80%93why-can-you-say%E2%80%93president-ron-paul%E2%80%93vote-for-a-committed-and-principled-const/?preview=true&preview_id=1406&preview_nonce=16c661faf2

Pronk Pops Show 35

July 06, 2011 03:44 PM PDT

Pronk Pops Show 35, July 6, 2015

Segment 0: The Meaning of Independence Day–Videos

For additional information and Videos:

https://pronkpops.wordpress.com/2011/07/06/pronk-pops-show-35-july-6-2011-segment-0-the-meaning-of-independence-day-videos/?preview=true&preview_id=1327&preview_nonce=d099da9d31

Segment 1: The Legal Standard In A Murder Case: Prove It Beyond A Reasonable Doubt–Suspicion And Opinion Is Not Enough–Casey Anthony Murder Case–Not Guilty–Videos

For additional information and Videos:

https://pronkpops.wordpress.com/2011/07/06/pronk-pops-show-35-july-5-2011-segment-1-the-legal-standard-in-a-murder-case-prove-it-beyond-a-reasonable-doubt-suspicion-and-opinion-is-not-enough-casey-anthony-murder-case-not-quilty-videos/

Segment 2: George Bureau of Investigations Finds Atlanta School Teachers and Principals Cheating Scandal:Raised Students Scores On Tests –Government Corrupt Schools–

For additional information and Videos:

https://pronkpops.wordpress.com/2011/07/06/pronk-pops-show-35-july-6-2011-segment-2-george-bureau-of-investigations-finds-atlanta-school-teachers-and-principals-cheating-scandalraised-students-scores-on-tests-government-corrupt-schools/

Segment 3: Obama’s Marxist Class Warfare On Millionaires and Billionaires–Tax The Job Creators–President’s Unbalanced Budget Would Result In A Big $1,100 Billion Deficit In Fiscal Year 2012–This Is Obama’s So-Called Balanced Approach–Obama Is Not Working–Fire Obama Right Now!–Videos

For additional information and Videos:

https://pronkpops.wordpress.com/2011/07/06/pronk-pops-show-35-july-6-2011-segment-3-obamas-marxist-class-warfare-on-millionaires-and-billionaires-tax-the-job-creators-presidents-unbalanced-budget-would-result-in-a-big-1100-billion/

Pronk Pops Show 34

June 29, 2011 03:38 PM PDT

Pronk Pops Show 34, June 29, 2011

Segment 0: Sexist Elitist Chris Wallace Asks Michele Backmann Are You A Flake?–Chris, Are You A Wimp?–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/29/pronk-pops-show-34-june-29-2011-segment-0-sexist-elitist-chris-wallace-asks-michele-backmann-are-you-a-flake-chris-are-you-a-wimp-videos/?preview=true&preview_id=1287&preview_nonce=d47e8281df

Segment 1: Is Ron Paul An Isolationist–No–He Is For Free Trade and A Nonterventionist Foreign Policy–Are The NeoCons Warmongers–Yes–Aggressive Interventionist Foreign Policy–Empire or Nation Building!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/29/pronk-pops-show-34-june-29-2011-segment-1-is-ron-paul-an-isolationist-no-he-is-for-free-trade-and-a-nonterventionist-foreign-policy-are-the-neocons-warmongers-yes-aggressive-interventist-fore/?preview=true&preview_id=1295&preview_nonce=17ff44ad0c

Segment 2: Cut, Cap, And Balance Pledge–The Washington D.C. Howdy Doody Debt Ceiling Show–“Say Kids What Time Is It?”–Howdy Doody Time–Fiscal Year 2020 Balanced Budget Time–Not Serious–Send In The Clowns–There Already There!– Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/29/pronk-pops-show-34-june-29-2011-segment-2-cut-cap-and-balance-pledge-the-washington-d-c-howdy-doody-debt-ceiling-show-say-kids-what-time-is-it-howdy-doody-time-fiscal-year-2020-balance/

Pronk Pops Show 33

June 22, 2011 03:21 PM PDT

Pronk Pops Show 33, June 22, 2011

Segment 0: Jon Huntsman Launches 2012 Candidacy for President At Liberty Park–Should Become A Democrat Like John V. Lindsay And Run Against President Obama in 2012!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/21/pronk-pops-show-june-22-2011-segment-0-jon-huntsman-launches-2012-candidacy-for-president-at-liberty-park%e2%80%93should-become-a-democrat-like-john-v-lindsay-and-run-against-president-obama-in-2/

Segment 1: Republican Candidates For President Romney, Cain, and Johnson Refuse To Sign Pro-Life Citizen’s Pledge–While Sarah Palin’s Trig’s Creator E-Mail Moves Millions–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/21/pronk-pops-show-june-22-2011-segment-1-republican-candidates-for-president-romney-cain-and-johnson-refuse-to-sign-pro-life-citizens-pledge-while-sarah-palins-trigs-creator-e-mail-moves-mi/

Segment 2: Rick Perry/Sarah Palin Republican Establishment Candidate Ticket vs. Ron Paul/Michele Bachmann Republican Constitutional Candidate Ticket for the 2012 Presidential Race–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/22/pronk-pops-show-33-june-22-2011-segment-2-rick-perrysarah-palin-republican-establishment-candidate-ticket-vs-ron-paulmichele-bachmann-republican-constitutional-candidate-ticket-for-the-2012-pr/

Segment 3: The Next President Of The United States Tells Truth To Power At Republican Leadership Conference–Great Speech!

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/22/pronk-pops-show-33-june-22-2011-segment-3-the-next-president-of-the-united-states-tells-truth-to-power-at-republican-leadership-conference-great-speech/

Segment 4: Bloomberg Poll Bad News For Obama–Only 30% Certain They Will Vote For Obama in 2012!–66% Think Country On The Wrong Track!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/22/pronk-pops-show-33-june-22-2011-segment-4-bloomberg-poll-bad-news-for-obama-only-30-certain-they-will-vote-for-obama-in-2012-66-think-country-on-the-wrong-track-videos/

Pronk Pops Show 32

June 15, 2011 03:10 PM PDT

Pronk Pops Show 32, June 15, 2011

Segment 0: Money, Organization, Message, Momentum, Ambition–MOMMA–You Need MOMMA To Win A Presidential Race!–Videos

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/06/15/pronk-pops-show-32-june-15-2011-segment-0-money-organization-message-momentum-ambition-momma-you-need-momma-to-win-a-presidential-race-videos/?preview=true&preview_id=1173&preview_nonce=d056ccee9f

Segment 1: Republican Presidential Debate In New Hampshire June 13, 2011–American People The Winner–Obama The Loser–Videos

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/06/15/pronk-pops-show-32-june-15-2011-segment-1-republican-presidential-debate-in-new-hampshire-june-13-2011%E2%80%93american-people-the-winner%E2%80%93obama-the-loser%E2%80%93videos/?preview=true&preview_id=1176&preview_nonce=0196810e90

Segment 2: The Political Issues of 2012 Elections: #1–Unemployment–Jobs, #2–Government Spending–Balanced Budgets, #3-Tax Reform–The FairTax, #4-Inflation–End The Fed, #5-Wars–Bring The Troops Home–Videos

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/06/15/pronk-pops-show-32-june-15-2011-
segment-2-1-the-issues-unemployment-jobs-2-government-spending-balanced-budgets-3-tax-reform-the-fairtax-4-inflation-end-the-fed-5-wars-bring-the-t/?preview=true&preview_id=1183&preview_nonce=577da72775

Segment 3: Pronk Presidential Prediction–The Winner Is?–The American People!–Videos

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/06/15/pronk-pops-show-32-june15-2011-segment-3-pronk-presidential-prediction-the-winner-is-the-american-people-videos/?preview=true&preview_id=1169&preview_nonce=52b4648eff

Pronk Pops Show 31

June 08, 2011 03:17 PM PDT

Pronk Pops Show 31: June 8, 2011

Segment 0: ENTJ–Know Thyself–This above all: to thine own self be true–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/08/pronk-pops-show-31-segment-0-entj%E2%80%93know-thyself%E2%80%93this-above-all-to-thine-own-self-be-true%E2%80%93videos/?preview=true&preview_id=1122&preview_nonce=938bb3c129

Segment 1: A Breach of Public Trust–Hound Dogs–Clinton, Weiner, and Obama–Notorious Habitual Liars–Wake Up–Start A Revolution–Ron Paul–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/08/pronk-pops-show-31-segment-1-a-breach-of-public-trust%E2%80%93hound-dogs%E2%80%93clinton-weiner-and-obama%E2%80%93notorious-habitual-liars%E2%80%93wake-up%E2%80%93start-a-revolution%E2%80%93ron-pa/

Segment 2: June 2011–Unemployment Situation Worsens–9.1% Official Unemployment Rate (U-3) with 13,900,000 Unemployed and 15.8% Total Unemployment Rate (U-6) With 24,283,000 Americans Looking For Full Time Jobs!–Great Obama Depression (GOD)!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/08/pronk-pops-show-31-segment-2-june-2011-unemployment-situation-worsens-9-1-official-unemployment-rate-u-3-with-13900000-unemployed-and-15-8-total-unemployment-rate-u-6-with-24283000-america/

Pronk Pops Show 30

June 02, 2011 01:26 PM PDT

Pronk Pops Show, June 2, 2011

Segment 0: The Facebook Effect–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/02/pronk-pops-show-30-june-2-2011-segment-0-the-facebook-effect-videos/

Segment 2: Paul Allen–Idea Man: A Memoir By The Cofounder of Microsoft–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/02/pronk-pops-show-30-june-6-2011-segment-1-paul-allen%E2%80%93idea-man-a-memoir-by-the-cofounder-of-microsoft%E2%80%93videos/

Segment 3: Last Dance For Love–Congress Blocks Debt Limit Hike–For Now–Who Is The Political Class Fooling–Bring The Troops and Jobs Home and Send The Bureaucrats and Big Spenders Home–Save Medicare and Social Security–Hot Stuff–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/02/pronk-pops-show-30-june-2-2011-segment-3-last-dance-for-love%E2%80%93congress-blocks-debt-limit-hike%E2%80%93for-now%E2%80%93who-is-the-political-class-fooling%E2%80%93bring-the-troops-and-jobs-ho/

Pronk Pops Show 29

May 26, 2011 01:12 PM PDT

Pronk Pops Show 29, May 26, 2011

Segment 1: Herman Cain–The Tea Party Movement Candidate–Running On Cutting Spending, Opposing Higher Debt Ceiling, Enforcing Immigration Laws, Defunding Planned Parenthood, Nominating Pro Life Judges, And Passing The FairTax–Common Sense Solutions!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/23/pronk-pops-show-29-may-25-2011-segment-1-herman-cain-the-tea-party-movement-candidate-running-on-cutting-spending-opposing-higher-debt-ceiling-enforcing-immigration-laws-defunding-planned-pa/?preview=true&preview_id=1018&preview_nonce=3fac63d9d6

Segment 2: Taxman Obama’s Hidden Tax Increase On The Rich That Results In Fewer Jobs And Lower Economic Growth vs. Ryan’s Long and Winding Road To Economic Stagnation vs. Senators Lee, DeMint and Paul’s Stairway To Peace and Prosperity With A Balanced Budget!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/24/pronk-pops-show-29-may-25-2011-segment-2-taxman-obamas-hidden-tax-increase-on-the-rich-that-results-in-fewer-jobs-and-lower-economic-growth-vs-ryans-long-and-winding-road-to-economic-stagnat/

Segment 3: Israeli Prime Minister Benjamin Netanyahu Addresses Congress–A Lesson In Leadership–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/24/pronk-pops-show-29-may-25-2011-segment-3-israeli-prime-minister-benjamin-netanyahu-addresses-congress-a-lesson-in-leadership-videos/

Segment 4: Memo To Washington Republican Party Establishment–You Are Not Listening To The American People–Read Our Lips–“Cut Spending and Balance The Budget Starting With Fiscal Year 2012”–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/25/pronk-pops-show-29-may-25-2011-segment-4-memo-to-washington-republican-party-establishment-you-are-not-listening-to-the-american-people-read-our-lips-cut-spending-and-balance-the-budget-start/

Pronk Pops Show 28

May 18, 2011 04:26 PM PDT

Pronk Pops Show 28, May 18, 2011

Segment 1: Segment 1: Newt Gingrich Running For President As A Big Government Interventionist Republican Progressive aka Green “Compassionate” Conservative?–Favors Individual Health Care Mandates While Attacking Paul Ryan As A Right Wing Radical Social Engineer For Proposing A Premium Support or $15,000 Voucher System To Save Medicare From Bankruptcy!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/18/pronk-pops-show-28-may-18-2011-segment-1-newt-gingrich-running-for-president-as-a-big-govenment-interventionist-republican-progressive-aka-green-compassionate-conservative-favors-individual/

Segment 2: Leave It To Beaver–Newt Gingrich–The Beaver Puppet of The Republican Washington D.C. Establishment Political Class With It Social Engineered Warfare and Welfare Economy with A $3,500 Billion Unbalanced Budget For Fiscal Year 2012 with Nearly $1,000 Billion In Deficit Spending!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/18/pronk-pops-show-28-may-18-2011-segment-2leave-it-to-beaver-newt-gingrich-the-beaver-puppet-of-the-republican-washington-d-c-establishment-political-class-with-it-social-engineered-warfare-and-w/

Segment 3: Ron Paul Running For President Of The United States in 2012–It Is Official–The Third Time Is The Charm!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/18/pronk-pops-show-28-may-28-2011-segment-3-ron-paul-running-for-president-of-the-united-states-in-2012-it-is-official-the-third-time-is-the-charm-videos/

Segment 4: Ron Paul Is Running For President of The United States In 2012!–The Third Time Is The Charm–A Man Of Integrity–A Candidate For Peace and Prosperity–Neither A Big Government Warfare Republican Nor A Massive Government Welfare Democrat–A Man Of And For The American People–A Tea Party Patriot–Ron Paul–Videos

https://pronkpops.wordpress.com/2011/05/18/pronk-pops-show-28-may-18-2011-segment-4-ron-paul-is-running-for-president-of-the-united-states-in-2012-the-third-time-is-the-charm-a-man-of-integrity-a-candidate-for-peace-and-prosperity-nei/

Pronk Pops Show 27

May 11, 2011 10:13 AM PDT

Pronk Pops Show 27, May 10, 2011

Segment 1: Bureau of Labor Statistics Official Unemployment Rate (U-3) Increased To 9.0% With 13.7 Million Americans Unemployed and Total Unemployment Rate (U-6) Increased To 15.9% With 24.4 Million Americans Seeking Full Time Job–Economy Adds 244,000 Jobs But Initial Unemployment Claims Hit Eight Month High of 474,000!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/09/pronk-pops-show-27-may-9-2011-segment-1-bureau-of-labor-statistics-offical-unemployment-rate-u-3-increased-to-9-0-with-13-7-million-americans-unemployed-and-total-unemployment-rate-u-6-increas/

Segment 2: OMI-Obama Misery Index–U.S. Misery Index Is Rising As Both The Unemployment Rate and Inflation Rate Increase!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/10/pronk-pops-show-27-may-10-2011-segment-2-omi-obama-misery-index-u-s-misery-index-is-rising-as-both-the-unemployment-rate-and-inflation-rate-increase-vidoes/

Segment 3: Segment 3: Speaker Boehner’s Address to the Economic Club of New York on Jobs, Debt, Gas Prices–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/10/pronk-pops-show-27-may-10-2011-segment-3-speaker-boehners-address-to-the-economic-club-of-new-york-on-jobs-debt-gas-prices/

Pronk Pops Show 26

April 27, 2011 11:28 AM PDT

Pronk Pops Show 25, April 26, 2011

Segment 0: Eva Cassidy–A Singer’s Singer

Segment 1: Ron Paul Is Running For President of The United States In 2012!–The Third Time Is The Charm–A Man Of Integrity–A Candidate For Peace and Prosperity–Neither A Big Government Warfare Republican Nor A Massive Government Welfare Democrat–A Man Of And For The American People–A Tea Party Patriot–Ron Paul–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/26/pronk-pops-show-25-april-26-2011-segment-0-eva-cassidy-a-singers-singer-segment-1-ron-paul-is-running-for-president-of-the-united-states-in-2012%E2%80%93the-third-time-is-the-charm%E2%80%93a/?preview=true&preview_id=808&preview_nonce=d3d9842e9a

Segment 3: President Obama Is The Reason Your Gasoline Prices Are Going Up!–American People Favor Drilling For Oil and Gas!–Drill Baby Drill–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/26/pronk-pops-show-25-april-26-2011-segment-3-president-obama-is-the-reason-your-gasoline-prices-are-going-up-american-people-favor-drilling-for-oil-and-gas-drill-baby-drill-videos/

Pronk Pops Show 24

April 20, 2011 12:47 PM PDT

Pronk Pops Show 24: April 19, 2011

Segment 0: S&P Rating Outlook Changed From “Stable” To “Negative” For U.S. Treasury Debt–Videos

Segment 1: Who is John Galt? Who is Ayn Rand–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/17/pronk-pops-show-24-april-19-2011-segment-1-who-is-john-galt-who-is-ayn-rand-videos/

Segment 2: President Obama’s Fiscal Year 2012 Budget Speech Of April 13, 2011–Eat The Rich And Killing The American Dream Class Warfare–Cuts National Security Spending and Raise Taxes On The Rich–Produces Massive Deficits, National Debt, and Higher Unemployment For 12 More Years–Progressive Radical Socialist Economic Stagflation–Videos

For additional information and videos:
https://pronkpops.wordpress.com/2011/04/18/pronk-pops-show-24-april-18-2011-segment-2-president-obamas-fiscal-year-2012-budget-speech-of-april-13-2011-eat-the-rich-and-killing-the-american-dream-class-warfare-cuts-national-security-sp/

Segment 3: The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/18/pronk-pops-show-24-april-19-2011-segment-3-the-fairtax-national-consumption-sales-tax-vs-the-flat-tax-one-rate-federal-income-tax-who-pays-the-most-federal-individual-income-tax-videos/

Pronk Pops Show 23

April 13, 2011 10:31 AM PDT

Pronk Pops Show 23: April 12, 2011

Segment 0: Sidney Lumet–Rest In Peace–Videos

Segment 1: Tea Party Movement Demands Passage of Balanced Budget Amendment and The FairTax As The Price For Raising The National Statutory Debt Limit of $ 14,294,000,000 One Last Time By $1,000,000,000,000!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/11/tea-party-movement-demands-passage-of-balance-budget-amendment-and-balanced-budget-rule-as-the-price-for-raising-the-national-debt-ceiling-one-last-time-by-1000000000000-videos/?preview=true&preview_id=701&preview_nonce=5e679dbc1d

Segment 2: The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/11/pronk-pops-show-23-april-12-2011-segment-2the-fairtax-national-consumption-sales-tax-vs-the-flat-tax-one-rate-federal-income-tax-who-pays-the-most-federal-individual-income-tax-videos/

Pronk Pops Show 22 (Part 2)

April 08, 2011 11:16 AM PDT

Pronk Pops Show 22, April 7, 2011

Segment 1: 3,500,000 Million Americans Unemployed in March 2011 Still Exceeds Great Depression High of 13,000,000 In March 1933–The Obama Depressions Continues–Bureau of Labor Statistics: 8.8% Official Unemployment Rate (U-3) vs. Gallup Unemployment Rate of 10.0%–Nonfarm Payroll Increased By 216,000–The Government Makes The Depression Worse!–Videos

Segment 2: Obama’s Anti-American, Anti-Capitalist, Anti-Growth, Anti-Jobs, and Anti-Security Energy Policy–Videos

Segment 3: Republican Establishment Will Propose A Ten Year $6,200 Billion Cut In Spending Over Ten Years–The Problem Is It Does Not Balance The Budget For Another Five Years At The Earliest–Tea Party Movement Demands Balanced Budgets Starting In 2012 For The Next Ten Years!–A Jet Plane To Prosperity Not A Path To Prosperity–Videos

Segment 4: Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!–Videos

For additional information and videos on the above segments:

https://pronkpops.wordpress.com/2011/04/04/pronk-pops-show-22-april-5-2011-segment-113500000-million-americans-unemployed-in-march-2011-still-exceeds-great-depression-high-of-13000000-in-march-1933%E2%80%93the-obama-depressions-contin/

Pronk Pops Show 22 (Part 1)

April 07, 2011 10:41 AM PDT

Pronk Pops: Show 22, April 7, 2011

Segment 0: Glenn Beck Ending His Show At Fox News

Segment 1: 3,500,000 Million Americans Unemployed in March 2011 Still Exceeds Great Depression High of 13,000,000 In March 1933–The Obama Depressions Continues–Bureau of Labor Statistics: 8.8% Official Unemployment Rate (U-3) vs. Gallup Unemployment Rate of 10.0%–Nonfarm Payroll Increased By 216,000–The Government Makes The Depression Worse!–Videos

Segment 2: Obama’s Anti-American, Anti-Capitalist, Anti-Growth, Anti-Jobs, and Anti-Security Energy Policy–Videos

Segment 3: Republican Establishment Will Propose A Ten Year $6,200 Billion Cut In Spending Over Ten Years–The Problem Is It Does Not Balance The Budget For Another Five Years At The Earliest–Tea Party Movement Demands Balanced Budgets Starting In 2012 For The Next Ten Years!–A Jet Plane To Prosperity Not A Path To Prosperity–Videos

Segment 4: Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!–Videos

For additional information and videos on the above segments:

https://pronkpops.wordpress.com/2011/04/04/pronk-pops-show-22-april-5-2011-segment-113500000-million-americans-unemployed-in-march-2011-still-exceeds-great-depression-high-of-13000000-in-march-1933%E2%80%93the-obama-depressions-contin/

Pronk Pops Show 21

March 29, 2011 03:41 PM PDT

Pronk Pops Show 21, March 29, 2010

Segment 1: The Truth And Consequences About Undeclared Wars–Real Strange Bedfellows–Obama Allies U.S. with Libyan Rebels Including Islamic Jihadists, Moslem Brotherhood, and Al-Qaeda!–Give Peace A Chance–AC-130 Gunship–A-10 Warthogs–F-15E Strike Eagles and Special Operation Smash Squads

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/03/29/pronk-pops-show-21-march-29-2011-the-truth-and-consequences-about-undeclared-wars%E2%80%93real-strange-bedfellows%E2%80%93obama-allies-u-s-with-libyan-rebels-including-islamic-jihadists-moslem-b/

Pronk Pops Show 20

March 23, 2011 12:02 PM PDT

Pronk Pops Show 20: March 22, 2011

Segment 1:F-15 Crashes In Libya

Segment 2surprisedne Unconstitutional and Undeclared War Too Many: The Great Pretender, Peace Candidate And Noble Peace Prize Winner, President Barack Obama Undeclared War On Libya’s Muammar Ghaddafi In Defense Of Libyian Islamic Fighting Group (LIFG) Rebels Linked To al-Qaeda and The BP Libyian Oil Deal Linked To Obama Campaign Contributions–A Political Payoff!–Obama Has To Go In 2012–Videos

Segment 3:Earthquake Damages Japanese Nuclear Plant At Fukushima Daiichi, Four Explosions and Four Nuclear Reactors Flooded With Seawater To Contain Release Of Radioactive Material and Plant Released Radioactive Materials To Stop Pressure Buildup–Partial Meltdown Of Nuclear Core Feared–Radioactive Material Escaping From Plant–Over 250,000 Ordered Evacuated From 20 Kilometer (12.4 Miles) Radius From Plant–Videos

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/03/22/pronk-pops-show-20-march-22-2011-segment-1-f-15-crashes-in-libya-segment-2-videos/?preview=true&preview_id=569&preview_nonce=40500c814b

Pronk Pops Show 19

March 09, 2011 10:57 AM PST

Pronk Pops Show 19: March 8, 2011

Segment 1: The Washington Political Elites of Both Parties Are Not Serious About Balancing The Federal Budget And Funding Entitlement Liabilities–Send In The Clowns–Don’t Bother There Here–Videos

Segment 2, Gallup–U.S. Unemployment Hits 10.3% In February 2011 Vs. Bureau of Labor Statistics (BLS) U.S. Unemployment Rate Declined By .1% To 8.9% in February 2011 With Job Creation of 192,000 In February 2011–Over 13.7 Million Americans Unemployed More Than Worse Month of Great Depression!

For more information and videos related to this show click on links below:

https://pronkpops.wordpress.com/2011/03/08/pronk-pops-show-19-march-8-2011segment-1-the-washington-political-elites-of-both-parties-are-not-serious-about-balancing-the-federal-budget-and-funding-entitlement-liabilities-send-in-the-clowns/

https://pronkpops.wordpress.com/2011/03/08/pronk-pops-show-19-march-8-2010-segment-2-gallup-u-s-unemployment-hits-10-3-in-february-2011-vs-bureau-of-labor-statistics-bls-u-s-unemployment-rate-declined-by-1-to-8-9-in-february-2011-wi/

Pronk Pops Show 18

March 03, 2011 03:35 PM PST

Pronk Pops Show 18: March 3, 2011

Segment 1: Remembering The Brooklyn Dodgers and Duke Snider

Segment 2: The National Debt Will Hit $20,000,000,000,000 By 2020!

Segment 3 Public Sector Unions vs. The America People: Replacing The American Dream With The Socialist Union Nightmare

For additional information and videos on the above segments:

https://pronkpops.wordpress.com/2011/03/01/pronk-pops-show-18-march-1-2011-remembering-the-brooklyn-dodgers-and-duke-snider-the-union-corruption-of-government-delusion-of-the-unconstrained-vision-of-unlimited-government-and-the-2000000/

Pronk Pop Show 17

February 22, 2011 03:47 PM PST

Pronk Pops Show 17: February 22, 2011

Black History Month–Progressives–Eugenics–Black Population Control–Abortion–Black Genocide–Planned Parenthood–Barack Obama

For more information and videos relating to the show:

https://pronkpops.wordpress.com/2011/02/22/pronk-pops-show-17-february-22-2011-black-history-month-progressives-eugenics-black-population-control-abortion-black-genocide-planned-parenthood-barack-obama-videos/

Pronk Pops Show 16

February 15, 2011 03:49 PM PST

Pronk Pops Show 16: February 15, 2011

Conservative Political Action Conference 2011

President Obama’s Saint Valentine’s Massacre of The American People–Fiscal Year 2012 Budget Buster–Spending $3,729 Billion–Taxes $2,627 Billion–Deficit $1,101 Billion–Dead On Arrival–DOA– 3 Million Tea Party Patriots To March On Washington D.C. On Friday, April 15, 2011 In Protest!

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2011/02/15/pronk-pops-show-16-february-15-2011-conservative-political-action-conference-cpac-2011-and-president-obamas-saint-valentines-massacre-of-the-american-people-fiscal-year-2012-budget-buster-s/

Pronk Pops Show 15: Hour 3

February 10, 2011 03:32 PM PST

Pronk Pops Show 15:February 8,2011, Hour 3

Lies, Damn Lies, Statistics, and Obama’s Unbelievable Unemployment Numbers

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2011/02/08/pronk-pops-show-15-february-8-2011-from-texas-snow-storm-to-washington-snow-job-lies-damn-lies-statistics-and-obamas-unbelievable-unemployment-numbers-obama-care-unconstitutional-and-void-pa-2/

Pronk Pops Show 15: Hour 2

February 10, 2011 03:23 PM PST

Pronk Pops Show 15: February 8, 2011 Hour 2

Rolling Power Outages in Texas

Obama Care Declared Unconstitutional and Void By Federal Judge

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2011/02/08/pronk-pops-show-15-february-8-2011-from-texas-snow-storm-to-washington-snow-job-lies-damn-lies-statistics-and-obamas-unbelievable-unemployment-numbers-obama-care-unconstitutional-and-void-pa/

Pronk Pops Show 15: Hour 1

February 10, 2011 03:10 PM PST

Pronk Pops Show 15: February 8,2011, Hour 1

Super Storm and Super Bowl In Dallas, Texas

Man-Made Carbon Dioxide Emission and Global Warming–Science vs. Politics

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2011/02/08/pronk-pops-show-15-february-8-2011-from-texas-snow-storm-to-washington-snow-job-lies-damn-lies-statistics-and-obamas-unbelievable-unemployment-numbers-obama-care-unconstitutional-and-void-pa/

Pronk Pops Show 14

January 28, 2011 02:10 PM PST

Pronk Pops Show 14: January 27, 2011

The Big Lie and Free Speech

President Obama’s State of the Union Campaign Speech

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2011/01/27/pronk-pops-show-14-january-27-2011-the-big-lie-and-free-speech-and-president-obamas-state-of-the-union-campaign-speech-videos/

Pronk Pops Show 13

December 09, 2010 01:22 PM PST

Pronk Pops Show 13: December 9, 2010

Latest News Update on WikiLeaks

Federal Reserve Unconventional Monetary Policy

President Obama and Republicans Agree To Two Year Tax Rate Extension and

One Year Unemployment Benefit Extension–More Deficit Spending and Debt!

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/12/09/pronk-pops-show-december-9-2010-president-obama-and-republican-cut-tax-and-spend-deal-time-for-serious-spending-cuts-balance-budgets-and-the-flat-tax/

Pronk Pops Show 12

December 08, 2010 04:18 PM PST

Pronk Pops Show 12: December 8, 2010

News Update On WikiLeaks and Julian Assange

The Chairman of The Federal Reserve and Quantitative Easing 2

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/12/08/pronk-pops-show-12-december-8-2010-news-update-on-julian-assange-wikileaks-ben-benanke-the-fed-barack-obama-tax-and-spend-democrats-videos/

Pronk Pops Show 11

December 03, 2010 02:18 PM PST

Pronk Pops Show 11: December 3, 2010

News and Commentary On November 2010 Unemployment Rate and Level Statistics

WikiLeaks

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/12/03/pronk-pops-show-11-december-3-2010-news-unemployment-rate-up-to-9-8-with-over-15-million-unemployed-wikileaks-food-prices-rising-the-fairtax-videos-2/?preview=true&preview_id=245&preview_nonce=e49c7ff2d2

Pronk Pops Show 10

December 02, 2010 12:35 PM PST

Pronk Pops Show 10: December 1, 2010

Update on new TSA Airport Screening Procedures

Portland, Oregon Terrorist Bomber Arrested by F.B.I.

WikiLeaks Posts Department of State Cables

For more information and videos related to this show click on link below:
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Pronk Pops Show 9

November 19, 2010 02:23 PM PST

Pronk Pops Show 9: November 19, 2010

Federal Reserve Chairman Bernanke Responds To Critics of Monetary Policy

Transportation Security Administration or TSA New Screening Procedures:
Full Body Scanners and Extended Pat-Downs

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Pronk Pops Commentary 1

November 11, 2010 03:42 PM PST

Pronk Pops Commentary 1: November 11, 2010

Stop Federal Reserve Quantitative Easing or Money Printing

Pronk Pops Show 8

November 10, 2010 04:24 PM PST

Pronk Pops Show 8: November 10, 2010

Tea Party Major Issues: Jobs, Spending, Deficits, Debt, Taxes, Health Care and Illegal Immigration

Tea Party Stars: Senators: Rand Paul and Marco Rubio

Republican Tea Party Test: Cutting Federal Spending By Over $1,000 Billion To Balance The Budget For Fiscal Years 2011, 2012, and 2013.

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Pronk Pops Show 7

November 09, 2010 02:45 PM PST

Pronk Pops Show 7: November 9, 2010

Unemployment News

Tea Party Effect On 2010 Elections

Key Issues: Federal Budget Deficits and National Debt

Cutting Federal Government Spending and Balancing The Federal Budget

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Pronk Pops Show 6

November 03, 2010 03:58 PM PDT

Pronk Pops Show 6: November 3, 2010

Winning Elections With MOMMA (Money, Organization, Message, Momentum, Ambition) and The Tea Party Movement Effect

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Pronk Pops Show 5

October 28, 2010 03:49 PM PDT

Pronk Pops Show 5: October 27, 2010

Democratic Party’s National Attack Ad Campaign on Candidates and the Flat Tax

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Pronk Pops Show 4

October 28, 2010 03:43 PM PDT

Pronk Pops Show 4: October 20, 2010

Money, Quantitative Easing and Inflation in the United States Economy

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Pronk Pops Show 3

October 28, 2010 03:32 PM PDT

Pronk Pops Show 3: October 14, 2010

Unemployment and inflation in the United States economy

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Pronk Pops Show 2

October 28, 2010 03:27 PM PDT

Pronk Pops Show 2: October 13, 2010

The 10:10 carbon emission ad campaign on climate change

http://www.youtube.com/watch?v=wliC2Eiwoyw

http://www.1010global.org/uk

Secretary of State Hillary Clinton replacing Vice President Joseph Biden on the 2010 Democratic Party ticket

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Pronk Pops Show 1

October 28, 2010 03:01 PM PDT

Pronk Pops Show 1: September 29, 2010

University of Texas at Austin shooting/suicide

The Tea Party Movement in the United States

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Raymond Thomas Pronk’s Podcasts

Pronk Pops Show 40:August 10, 2011

Pronk Pops Show 39:August 3, 2011

Pronk Pops Show 38:July 27, 2011

Pronk Pops Show 37:July 20, 2011

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Pronk Pops Show 41, August 17, 2011: Segment 3: Malcolm Gladwell–Outliers: The Story of Success–Videos

Posted on August 16, 2011. Filed under: American History, Books, Budgetary Policy, Business, College, Computers, Economics, Education, Federal Government, Fiscal Policy, Foreign Policy, Government, Government Spending, History, Investments, Labor Economics, Monetary Policy, Networking, Philosophy, Politics, Polls, Radio, Tax Policy, Videos, Wisdom | Tags: , , , , , |

Pronk Pops Show 41:August 17, 2011

Pronk Pops Show 40:August 10, 2011

Pronk Pops Show 39:August 3, 2011

Pronk Pops Show 38:July 27, 2011

Pronk Pops Show 37:July 20, 2011

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Segment 3: Malcolm Gladwell–Outliers: The Story of Success–Videos

Malcolm Gladwell at the 92nd Street Y

Malcolm Gladwell – Why do some succeed where others fail? What makes high-achievers different?

Malcolm Gladwell – Outliers 1 (2009)

Malcolm Gladwell – Outliers 2 (2009)

“…People don’t rise from nothing. We do owe something to parentage and patronage. The people who stand before kings may look like they did it all by themselves. But in fact they are invariably the beneficiaries of hidden advantages and extraordinary opportunities and cultural legacies that allow them to learn and work hard and make sense of the world in ways others cannot begin to imagine. It’s not enough to ask what successful people are like, in other words. It is only by asking where they are from that we can unravel the logic behind who succeeds and who doesn’t.” Outliers, page 19.

What do computer programmers Bill Gates, cofounder of Microsoft, and Bill Joy, cofounder of Sun Microsystems, and musicians Wolfgang Amadeus Mozart and John Lennon and Paul McCarthy, cofounders of the Beatles have in common? All of them had the opportunity to master their craft or discipline by practicing for over 10,000 hours. This is Malcolm Gladwell’s 10,000-hour rule of success based upon the work of neurologist of Daniel Levitin who wrote:

“…The emerging picture from such studies is that ten thousand hours of practice is required to achieve the level of mastery associated with being a world-class expert — in anything. In study after study, of composers, basketball players, fiction writers, ice skaters, concert pianists, chess players, master criminals, and what have you, this number comes up again and again. Of course, this doesn’t address why some people get more out of their practice sessions than others do. But no one has found a case in which true world-class expertise was accomplished in less time. It seems that it takes the brain this long to assimilate all that it needs to know to achieve true mastery. …”

Which reminds me of the story of one of the greatest classical pianist of the twentieth century Arthur Rubinstein who was approached by a man on a street near Carnegie Hall and asked, “Pardon me sir, How do I get to Carnegie Hall? Rubinstein answered, “Practice. Practice. Practice.”

While talent is important, what is by far more important is to have the chance or opportunity to learn and develop your talent over a period of ten years or more in order to master your chosen craft, discipline or profession. This pattern of success should not be rare but common place and encouraged throughout society.

   “…We are so caught in the myths of the best and brightest and the self-made that we think outliers spring naturally from the earth. We look at the young Bill Gates and marvel that our world allowed that thirteen-year-old unlimited access to a time-sharing terminal in 1968. If a million teenagers had been given the same opportunity, how many more Microsofts would we have today? To build a better world we need to replace the patchwork of lucky breaks and arbitrary advantages that today determine success—the fortunate birth dates and the happy accidents of history—with a society that provides opportunities for all. …” Outliers, page 268.

Background Articles and Videos

Outliers: The Story of Success

“…Outliers: The Story of Success is a non-fiction book written by Malcolm Gladwell and published by Little, Brown and Company on November 18, 2008. In Outliers, Gladwell examines the factors that contribute to high levels of success. To support his thesis, he examines the causes of why the majority of Canadian ice hockey players are born in the first few months of the calendar year, how Microsoft co-founder Bill Gates achieved his extreme wealth, and how two people with exceptional intelligence, Christopher Langan and J. Robert Oppenheimer, end up with such vastly different fortunes. Throughout the publication, Gladwell repeatedly mentions the “10,000-Hour Rule”, claiming that the key to success in any field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours.

The publication debuted at number one on the bestseller lists for The New York Times and The Globe and Mail, holding the position on the former for eleven consecutive weeks. Generally well received by critics, Outliers was considered more personal than Gladwell’s other works, and some reviews commented on how much Outliers felt like an autobiography. Reviews praised the connection that Gladwell draws between his own background and the rest of the publication to conclude the book. Reviewers also appreciated the questions posed by Outliers, finding it important to determine how much individual potential is ignored by society. However, the lessons learned were considered anticlimactic and dispiriting. The writing style, deemed easy to understand, was criticized for oversimplifying complex sociological phenomena. …”

http://en.wikipedia.org/wiki/Outliers_(book)

Malcolm Gladwell

“…Malcolm Gladwell (born September 3, 1963) is a Canadian writer for The New Yorker and best-selling author based in New York City.[1] He has been a staff writer for The New Yorker since 1996. He is known for his books The Tipping Point (2000), Blink (2005), Outliers (2008), and What the Dog Saw: And Other Adventures (2009). Gladwell’s books and articles often deal with the unexpected implications of research in the social sciences and make frequent and extended use of academic work, particularly in the areas of sociology, psychology, and social psychology. Gladwell was appointed to the Order of Canada on June 30, 2011.[2]

Early life

Gladwell’s British father, Graham M. Gladwell, is a civil engineering professor emeritus at the University of Waterloo in Ontario, Canada; his mother, Joyce E. (née Nation), is a Jamaican-born psychotherapist.[3] Gladwell was born in Fareham, Hampshire, England, but when he was six his family moved to Elmira, Ontario, Canada.[4]

According to research done by Professor Henry Louis Gates, Jr., of Harvard University, in 2010 for the PBS series Faces of America, Gladwell’s family tree includes ancestors of West Indian, Igbo, Irish, English, and Scottish heritage. One of his European ancestors, an Irishman named William Ford, arrived in Jamaica in the late 18th century and with his concubine, an Igbo slave named Hannah Burton, he had a son named John Ford, whose descendants included a long line of privileged mixed-race Jamaicans, the Fords.[5] On his father’s side, his great-great grandparents, Thomas Adams and Jane Wilson, left England and Ireland to take part in the Castlemaine gold rush in Victoria, Australia in the 1850s.[3] Gladwell has said that his mother, who published a book titled Brown Face, Big Master in 1969, is his role model as a writer.[6] His distant cousin is the American general and statesman of Jamaican descent, Colin Powell.[7]

During his high school years, Gladwell was an outstanding middle-distance runner and won the 1500 meter title at the 1978 Ontario High School championships in Kingston, Ontario, in a duel with eventual Canadian Open record holder David Reid.[8] In the spring of 1982, Gladwell interned with the National Journalism Center in Washington, D.C.[9] He graduated with a degree in history from the University of Toronto’s Trinity College in 1984.[10]

Career

Gladwell began his career at The American Spectator, a conservative monthly.[11] He subsequently wrote for Insight on the News, a conservative magazine owned by the Rev. Sun Myung Moon’s Unification Church, before joining The Washington Post as a business writer in 1987.[12] He later served as a science writer and as New York bureau chief for the Post before leaving the paper in 1996. He is currently a staff writer for The New Yorker. His books—The Tipping Point (2000) and Blink (2005)—were international bestsellers. Gladwell received a US$1 million advance for The Tipping Point, which went on to sell over two million copies in the United States.[13][14] Blink sold equally well.[13][15] His third book, Outliers: The Story of Success, was released November 18, 2008.[16] His latest book, What the Dog Saw: And Other Adventures, was published on October 20, 2009. What the Dog Saw bundles together his favorite articles from The New Yorker since he joined the magazine as a staff writer in 1996.[17] Gladwell has told a number of stories at The Moth storytelling society in New York City.

Works

Gladwell’s first work, The Tipping Point, discusses the potentially massive implications of small-scale social events, while his second book, Blink, explains how the human subconscious interprets events or cues and how past experiences allow people to make informed decisions very rapidly. Outliers examines how a person’s environment, in conjunction with personal drive and motivation, affects his or her possibility and opportunity for success. Gladwell stated, “The hope with Tipping Point was it would help the reader understand that real change was possible. With Blink, I wanted to get people to take the enormous power of their intuition seriously. My wish with Outliers is that it makes us understand how much of a group project success is. When outliers become outliers it is not just because of their own efforts. It’s because of the contributions of lots of different people and lots of different circumstances.”[18]

Reception

Critical appraisal of Gladwell’s work has been mixed. Most praise his gift for compelling writing and clarity of expression while many disagree with his conclusions or question the validity of his methods, and some just don’t like his writing style.

Fortune described The Tipping Point as “a fascinating book that makes you see the world in a different way,” and the San Francisco Chronicle named it “one of the year’s most anticipated nonfiction titles.”[19][20] The Daily Telegraph called it “a wonderfully offbeat study of that little-understood phenomenon, the social epidemic.”[21] Steven Pinker writes that Gladwell is a writer of “many gifts… He avoids shopworn topics, easy moralization and conventional wisdom, encouraging his readers to think again and think different. His prose is transparent, with lucid explanations and a sense that we are chatting with the experts ourselves.”[22]

Reviewing Blink, the Baltimore Sun dubbed Gladwell “the most original American [sic] journalist since the young Tom Wolfe.”[23] Farhad Manjoo at Salon described the book as “a real pleasure. As in the best of Gladwell’s work, Blink brims with surprising insights about our world and ourselves.”[24] The Economist called Outliers “a compelling read with an important message.”[25] David Leonhardt wrote in The New York Times Book Review: “In the vast world of nonfiction writing, Malcolm Gladwell is as close to a singular talent as exists today” and that Outliers “leaves you mulling over its inventive theories for days afterward.”[26] The Baltimore Sun stated that with the collection What the Dog Saw Gladwell “does what he does best—finds the intersection of science and society to explain how we got where we are.”[27] Ian Sample wrote in the Guardian: “Brought together, the pieces form a dazzling record of Gladwell’s art. There is depth to his research and clarity in his arguments, but it is the breadth of subjects he applies himself to that is truly impressive.”[28]

Criticism of Gladwell tends to focus on the fact that he is a journalist and not an academic, and as a result his work does not meet the standard of academic writing. He has been accused, for example, of falling prey to a variety of logical fallacies and cognitive biases. Critics charge that his sampling methods have resulted in hasty generalizations and selection biases, as well as a tendency to imply causation between events where only correlation exists.[29][30][31] One review of Outliers accuses Gladwell of “racist pseudoscience” due to “using his individual case studies as a means to jump to sweeping generalizations on race and class status,”[32] while another review in The New Republic called the final chapter of Outliers, “impervious to all forms of critical thinking”.[33] Gladwell has also received much criticism for his use of anecdotal evidence and general lack of rigor in his approach.[34][35]

Maureen Tkacik and Steven Pinker[22][36] have challenged the integrity of Gladwell’s approach. Even while praising Gladwell’s attractive writing style and content, Pinker sums up his take on Gladwell as, “a minor genius who unwittingly demonstrates the hazards of statistical reasoning,” while accusing Gladwell of “cherry-picked anecdotes, post-hoc sophistry and false dichotomies” in his book Outliers. Referencing a Gladwell reporting mistake, Pinker criticizes his lack of expertise: “I will call this the Igon Value Problem: when a writer’s education on a topic consists in interviewing an expert, he is apt to offer generalizations that are banal, obtuse or flat wrong.”[22]

A writer in The Independent accused Gladwell of posing “obvious” insights.[37] The Register has accused Gladwell of making arguments by weak analogy and commented that Gladwell has an “aversion for fact”, adding that, “Gladwell has made a career out of handing simple, vacuous truths to people and dressing them up with flowery language and an impressionistic take on the scientific method.” An article by Gladwell inaccurately referring to Finnish software engineer Linus Torvalds as the “Norwegian hacker Linus Torvald [sic]” was referred to by The Register as a typical example of alleged sloppy writing.[38] Gladwell’s literary approach is spoofed on the Web site the Malcolm Gladwell Book Generator.[39] …”

http://en.wikipedia.org/wiki/Malcolm_Gladwell

Malcolm Gladwell: What we can learn from spaghetti sauce

Malcolm Gladwell – THE KENNA PROBLEM: Why asking people what they like is sometimes a bad idea

kenna interview with malcom part 2

Malcolm Gladwell – Blink – full show

@katiecouric: Malcolm Gladwell

Q&A: Malcolm Gladwell

10,000 hour rule

Bill Gates on Expertise: 10,000 Hours and a Lifetime of Fanaticism

Malcolm Gladwell – Part 1

Malcolm Gladwell – Part 2

Malcolm Gladwell – Part 3

Malcolm Gladwell – Part 4

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Pronk Pops Show 41, August 17, 2011: Segment 2: It’s Time For A Permanent, Pervasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

Posted on August 16, 2011. Filed under: American History, Budgetary Policy, Business, Economics, Federal Government, Fiscal Policy, Government, History, Labor Economics, Monetary Policy, Philosophy, Politics, Public Sector Unions, Tax Policy, Unions, Videos, War, Wisdom | Tags: , , , , , , , |

Pronk Pops Show 41:August 17, 2011 

Pronk Pops Show 40:August 10, 2011

Pronk Pops Show 39:August 3, 2011

Pronk Pops Show 38:July 27, 2011

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Segment 2 : It’s Time For A Permanent, Pervasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

The Problem

The Warfare and Welfare Economy With

Temporary,Targeted and Timely Stimulus Packages

The Road Ahead: Unemployment, Poverty and the Recession

The predictions in the above videos were off by two years.

The predictions for 2010 are now the predictions of many for 2012.

Peter Schiff on US Debt Crisis – ‘Massive Inflation’

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“…A fact-based look at how the Economic Stimulus will affect our economy. Because this stimulus was poorly designed, it will not be timely enough to help, it targets the wrong sectors, and it will be anything but temporary. It will lead to higher debts and lower long-term GDP, which hurts you, your children and rewards political special interests. It is time to hold politicians accountable for creating this mess and failing to fix it. …”

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Updated 01.12.11 – The Decline: The Geography of a Recession by LaToya Egwuekwe (OFFICIAL)

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My FAIRTAX Story_Paul Wizikowski

Taylor discusses the economy with Tom Keene on Bloomberg TV

“…John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses economics, finance, QE2, taxes, and investments with Tom Keene on Bloomberg TV. …”

No, A Bigger Stimulus Would Not Have Worked Either

By JOHN B. TAYLOR

“…For these reasons I argued in the November 2008 article which Krugman cites that a better fiscal policy would be to rely on the automatic stabilizers and enact more permanent reductions in tax rates (or at least pledge not to increase tax rates in a recession).

As early as the summer of 2009 it was clear that ARRA was not working as intended, as John Cogan, Volker Wieland and I reported. Research since then has uncovered the reasons why. One reason is that very large stimulus grants to the states did not go to infrastructure spending as intended, and that’s what Ned Gramlich found out about Keynesian stimulus packages thirty years ago.

Why Permanent Tax Cuts Are the Best Stimulus

Short-term fiscal policies fail to promote long-term growth.

By JOHN B. TAYLOR

“…What are the implications for a second stimulus early next year? The mantra often heard during debates about the first stimulus was that it should be temporary, targeted and timely. Clearly, that mantra must be replaced. In testimony before the Senate Budget Committee on Nov. 19, I recommended alternative principles: permanent, pervasive and predictable.

– Permanent. The most obvious lesson learned from the first stimulus is that temporary is not a principle to follow if you want to get the economy moving again. Rather than one- or two-year packages, we should be looking for permanent fiscal changes that turn the economy around in a lasting way.

– Pervasive. One argument in favor of “targeting” the first stimulus package was that, by focusing on people who might consume more, the impact would be larger. But the stimulus was ineffective with such targeting. Moreover, targeting implied that increased tax rates, as currently scheduled, will not be a drag on the economy as long as increased payments to the targeted groups are larger than the higher taxes paid by others. But increasing tax rates on businesses or on investments in the current weak economy would increase unemployment and further weaken the economy. Better to seek an across-the-board approach where both employers and employees benefit.

– Predictable. While timeliness is an admirable attribute, it is only one property of good fiscal policy. More important is that policy should be clear and understandable — that is, predictable — so that individuals and firms know what to expect. …”

http://online.wsj.com/article/SB122757149157954723.html

Vote only for candidates for public office that support the FairTax.

Vote out of office those politicians who continue to support Federal income and payroll taxes.

No exceptions.

Demand that the FairTax be implemented and go into operation starting January 2012.

Only vote for that presidential candidate that clearly supports the FairTax and repeal of the tewnty-sixth amendment that gave us the income tax.

Background Articles and Videos

An Argument for the Fair Tax

Gerald Celente- Jeff Rense Radio – 14 July 2011

Roskam to Fox News: Our National Debt is Dragging Down the Economy

Economy: The Worst Yet to Come?

The Secret of Oz (by Mr Bill Still)

Get Ready for a 70% Marginal Tax Rate

Some argue the U.S. economy can bear higher pre-Reagan tax rates. But those rates applied to a much smaller fraction of taxpayers than what we’re headed for without spending cuts.

By MICHAEL J. BOSKIN

“…It would be a huge mistake to imagine that the cumulative, cascading burden of many tax rates on the same income will leave the middle class untouched. Take a teacher in California earning $60,000. A current federal rate of 25%, a 9.5% California rate, and 15.3% payroll tax yield a combined income tax rate of 45%. The income tax increases to cover the CBO’s projected federal deficit in 2016 raises that to 52%. Covering future Social Security and Medicare deficits brings the combined marginal tax rate on that middle-income taxpayer to an astounding 71%. That teacher working a summer job would keep just 29% of her wages. At the margin, virtually everyone would be working primarily for the government, reduced to a minority partner in their own labor.

Nobody—rich, middle-income or poor—can afford to have the economy so burdened. Higher tax rates are the major reason why European per-capita income, according to the Organization for Economic Cooperation and Development, is about 30% lower than in the United States—a permanent difference many times the temporary decline in the recent recession and anemic recovery.

Some argue the U.S. economy can easily bear higher pre-Reagan tax rates. They point to the 1930s-1950s, when top marginal rates were between 79% and 94%, or the Carter-era 1970s, when the top rate was about 70%. But those rates applied to a much smaller fraction of taxpayers and kicked in at much higher income levels relative to today.

There were also greater opportunities for sheltering income from the income tax. The lower marginal tax rates in the 1980s led to the best quarter-century of economic performance in American history. Large increases in tax rates are a recipe for economic stagnation, socioeconomic ossification, and the loss of American global competitiveness and leadership.

There is only one solution to this growth-destroying, confiscatory tax-rate future: Control spending growth, especially of entitlements. Meaningful tax reform—not with higher rates as Mr. Obama proposes, but with lower rates on a broader base of economic activity and people—can be an especially effective complement to spending control. But without increased spending discipline, even the best tax reforms are doomed to be undone.

Mr. Boskin is a professor of economics at Stanford University and a senior fellow at the Hoover Institution. He chaired the Council of Economic Advisers under President George H.W. Bush.”

http://online.wsj.com/article/SB10001424052702304911104576443893352153776.html?mod=googlenews_wsj

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3/09/11: Sen. Rand Paul on balancing the budget

03/17/11: Sen. Rand Paul Introduces Five-Year Balanced Budget Plan

S-1 FY2012 Senator Rand Paul

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

4/14/11: Sen. Rand Paul Speaks Out Against the Continuing Resolution

Senator Lee explains the enforceability of a balanced budget amendment

Senator Pat Toomey Explains That Failing To Raise Debt Limit Doesn’t Cause Default

Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:

Which Budgets Are Balanced And Living Within The Means of The American People?

4/5/11 Republican Leadership Press Conference

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

http://budget.house.gov/UploadedFiles/PathToProsperityFY2012.pdf

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

Democratic Party Budget Proposals

S-1 FY2012 President’s Budget

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,819 2,174 -1,645 10,856
2012 3,729 2,627 -1,101 11,881
2013 3,771 3,003 -768 12,784
2014 3,977 3,333 -646 13,562
2015 4,190 3,583 -607 14,301
2016 4,468 3,819 -649 15,064
2017 4,669 4,042 -627 15,795
2018 4,876 4,257 -619 16,513
2019 5,154 4,473 -681 17,284
2020 5,442 4,686 -735 18,103
2021 5,697 4,923 -774 18,967
2012-2021 45,952 38,747 -7,205 n.a.

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

Tea Party Budget Proposals

S-1 FY2012 Tea Party’s Balanced/Surplus Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Surpluses Debt Held By Public
2012 2,500 2,500 0 10,900
2013 2,800 2,800 0 10,900
2014 3,000 3,000 0 10,900
2015 3,200 3,200 0 10,900
2016 3,300 3,300 0 10,900
2017 3,400 3,500 100 10,800
2018 3,500 3,700 200 10,600
2019 3,600 3,900 300 10,300
2020 3,700 4,000 300 10,000
2021 3,800 4,300 500 9,500
2012-2021 32,800 34,200 1,400 n.a.

Related Posts On Pronk Pops

Pronk Pops Show 41, August 17, 2011: Segment 0: 2011 Iowa Straw Poll: Bachmann knocks off Pawlenty, Paul builds momentum, Perry crashes party—Show me the money!–Videos

Pronk Pops Show 41, August 17, 2011: Segment 1: Beyond Top Tier–First In The Hearts and Minds Of The American People and Founding Fathers–The One–Ron Paul–Restoring Liberty, Peace and Prosperity–Videos

Pronk Pops Show 41, August 17, 2011: Segment 3: Malcolm Gladwell–Outliers: The Story of Success–Videos

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