From Conservapedia
This is an old revision of this page, as edited by Aschlafly (Talk | contribs) at 18:14, 1 December 2010. It may differ significantly from current revision.

Jump to: navigation, search
Welcome to Conservapedia!

Conservapedia: Over 186 million Views & Over 800,000 Edits. Email us at conservapedia@zoho.com to request an account. See our 16 conservative parables. Which one do you like best?

Freedom prospers when religion is vibrant and the rule of law under God is acknowledged. -- Ronald Reagan

The Blue Angels of the U.S. Navy

Navy Blue Angels.jpg

Flying at the Tuscaloosa Air Show during Birmingham Navy Week

Popular Articles at Conservapedia

Seeking and Knowing God Resources

Bible Verse

They that wait upon the Lord shall renew their strength.Isaiah 40:31

Historical quote

"We all know art is not truth. Art is a lie that makes us realize truth." Pablo Picasso.

Article of the month

Western atheism and race

Bush era taxcuts

After the Bush Taxcuts of 2001 and 2003 took effect, taxes collected by the government rose $800 billion dollars, according to the Office of Management and Budget

Federal Reciepts after Bush Taxcuts.png

and 8 million jobs were created, according to Labor Department statistics.

Jobs created after Bush Taxcuts.png

Initially the deficit swelled to $400 billion but by 2008 it narrowed to $160 billion. Taxes collected by the government increased from $1,800 billion to 2,600 billion (or $800 billion, recouping the original cost of $400 billion) and 8 million jobs were created. Conclusion: taxcuts more than pay for themselves.

Effect of Bush taxcuts on deficit.JPG

Obama tax increases on the Middle class

On September 12, 2008 while campaigning in Dover, New Hampshire, then candidate Obama made this solemn promise to the American people:

I can make a firm pledge: under my plan, no family making less than $250,000 will see their taxes increase - not your income taxes, not your payroll taxes. [1]

As of January 1, 2011, income taxes and payroll taxes are slated to increase on all working people in the United States, including the poor and those least able to afford it. A working family with four children, for example, will pay $215 more per month under President Obama and the Congressional Democrats economic program.

Obama tax increases.JPG

GDP Report Shows Stimulus Failed


The U.S. Commerce Dept. reported Gross Domestic Product has not responded adequately to President Obama's economic stimulus over Recovery Summer. Millions of jobs have been lost however, affecting the lives of nearly one out of every three workers. And the Obama administration deficit spending has added several trillion dollars more to the National debt.

By contrast, the 3.0%+ growth rates sustained by the Reagan era tax cuts as the United States emerged from the 1982 recession provided the necessary stimulus to maintain a growing population and declining unemployment (below chart).
GDP Q2 1983.JPG

The Congressional Budget Office reports the GDP output gap (the difference between actual GDP and potential GDP if all labor and capital were fully employed) is about 6.5 per cent, and economic growth for the next few years "will probably be muted." The US economy has no recent experience of living with an output gap of anywhere near this level.

Output Gap Q2 2010.JPG
The Output Gap: a reflection of actual vs potential output. The U.S. economy is operating 6.5% below its productive capacity. At 1% growth, it will take the better part of a decade to return the 10% Unemployed back to the workforce, barring no other unforseen disasters. The two Stimulus packages, since the Democrats took control of Congress in January 2007, represent an incredible waste of precious resources which could have been used to foster job creation rather than add to a colossal foreign debt.

The original term Keynesian New Dealers used for the unemployed was "wastage."

Declining workforce participation is another factor affecting the Output Gap since the Pelosi/Reid Congress took office. Workforce participation.JPG

Workforce participation constitutes the total number of eligible working age adults. Some workers (women who drop out of the workforce for child rearing purposes, or seniors who work to remain active rather than they need the money, for example) in the adult population are discounted, or deemed 'ineligible' to work to arrive at the base number from which the Unemployment rate is calculated. Prior to the recession, more than 66% of working age adults were considered to makeup the workforce. Nearly two full percentage points, or 3,000,000 workers have been shaved off the statisitcs by government number crunchers, to arrive at the base number used to calculated a 9.6% Unemployment rate. If those three million eligible workers were addded back in, the 15,000,000 unemployed figure would swell to 18,000,000 (each one percentage point of the Unemployed represents roughly 1.5 million people).

Underemployment is said to be another 7%, or 11,000,000 people, bringing the entire group total to 29,000,000 unemployed, underemployed, or 'ineligible' currently. Not counted in this figure are new hirees, persons who recently experienced Unemployment. The turnover rate (for whatever reason) of new hirees is much greater than more established workers.
Average weekly hours.JPG
Workers during Recovery Summer had smaller paychecks due to a decline in the average number of payroll hours worked per week. Likewise fewer payroll hours does not bode well for the Unemployed, as payroll hours are first to be increased before an employer hires more workers. Declining payroll hours and Workforce participation are two examples of 'under utilization of resources' contributing to the Output Gap.

Conservative Quotes

"Nothing is easier than spending the public money. It doesn't appear to belong to anybody." - Calvin Coolidge

"Too much of what is called 'education' is little more than an expensive isolation from reality." - Thomas Sowell

Conservative resources

Quick Links