Tag: GDP

Categories
Quick Analysis

U.S. Economy Ends 2015 in Slump

The Institute for Supply Management (ISM) reports that economic activity in the manufacturing sector contracted in December for the second consecutive month. The Wall Street Journal notes that “U.S. factories are in their worst slump since 2009.” Manufacturing accounts for about 12% of the U.S. economy, but its impact on middle-class employment and the U.S. balance of trade is even greater.

While U.S. manufacturing had declined before 2000, the precipitous drop, and its dire impact on the U.S. balance of trade and middle-class employment, had its origins in President Clinton’s allowing China to enter the World Trade Organization (WTO).

The Manufacturing News notes that “Since 2000, the trade deficit with China has surged by 173 percent, from $83 billion in 2000 to $227 billion in 2009. The United States has lost more than one-third of all its manufacturing jobs — 5.6 million; U.S. wages have declined; the country has suffered a financial meltdown; it has spent $14 trillion on economic stimulus, only to experience the highest unemployment rates in generations and annual federal budget deficits of more than $1 trillion.”

Speaking about the manufacturing sector, ISM’s chair Bradley J. Holcomb reported that “The December PMI® registered 48.2 percent, a decrease of 0.4 percentage point from the November reading of 48.6 percent. …The Employment Index registered 48.1 percent, 3.2 percentage points below the November reading of 51.3 percent. The Prices Index registered 33.5 percent, a decrease of 2 percentage points from the November reading of 35.5 percent, indicating lower raw materials prices for the 14th consecutive month. The New Export Orders Index registered 51 percent, up 3.5 percentage points from the November reading of 47.5 percent and the Imports Index registered 45.5 percent, down 3.5 percentage points from the November reading of 49 percent. As was the case in November, 10 out of 18 manufacturing industries reported contraction in December. Contraction in new orders, production, employment and raw materials inventories accounted for the overall softness in December.”

ISM reports that of the 18 manufacturing industries, six are reporting growth in December in the following order: Printing & Related Support Activities; Textile Mills; Paper Products; Miscellaneous Manufacturing; Chemical Products; and Food, Beverage & Tobacco Products. The 10 industries reporting contraction in December — listed in order — are: Apparel, Leather & Allied Products; Plastics & Rubber Products; Machinery; Primary Metals; Fabricated Metal Products; Transportation Equipment; Electrical Equipment, Appliances & Components; Computer & Electronic Products; Wood Products; and Nonmetallic Mineral Products.

 

In patient appalachianmagazine.com online pharmacies viagra that had problems with heart may increase stroke or arrhythmia. Marijuana typically is high in THC (delta-9 tetrahydrocannabinol) — the compound responsible for the plant’s notorious psychoactive effect — and low in CBD (cannabidiol) content. sildenafil prescription see this store now Germany, France, low price cialis Sweden, Denmark, and Switzerland have established specific national regulations concerning the evaluation of herbal products. The medical science has invented a kind of medicine that treats mental disorders from mild stress cost of tadalafil to severe condition, including Schizophrenia. A Forbes analysis links the decline in U.S. manufacturing—and related employment problems—to the trade deficit.

“But there is another big factor that is not often mentioned and has a huge effect on both the manufacturing sector and jobs. That factor is the growing trade deficit which is really the ultimate determinant of job creation in the U.S.

“Dan Dimicco, chairman emeritus of Nucor Corporation…says in 2013, net trade subtracted about 3% from our economy (because imports exceeded exports). This shrinkage is cumulative, compounding year after year.” In the case of America we have had trade deficits for 39 years and it is now more than an $8 trillion debt. But why isn’t the government, Wall Street, multinational corporations, and many pundits and bloggers worried about the growing trade deficit? Why is the trade deficit largely ignored while everyone is more concerned about the federal deficit? Wall Street, the Multi-national corporations and the Obama Administration have adopted a policy of appeasement where foreign mercantilism seems to be irrelevant and attempts at balancing trade are ignored. It is as if the trade deficit is an open ended charge account that is simply an accounting summary that will never have to be paid back. All of our trading partners (competitors) understand trade deficits and they do something about them.”

The Federal Reserve Bank of Atlanta  also issued disappointing news, noting that “The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 0.7 percent on January 4, down from 1.3 percent on December 23. The forecast for the contribution of net exports to fourth-quarter real GDP growth fell 0.1 percentage points to -0.4 percentage points on December 29 after the U.S. Census Bureau’s advance report on international trade in goods. “

Overall, according to the December report from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis :

“The goods and services deficit for the whole U.S. economy was $43.9 billion in October, up $1.4 billion from $42.5 billion in September, revised. October exports were $184.1 billion, $2.7 billion less than September exports. October imports were $228.0 billion, $1.3 billion less than September imports. The October increase in the goods and services deficit reflected an increase in the goods deficit of $2.1 billion to $63.1 billion and an increase in the services surplus of $0.6 billion to $19.2 billion. Year-to-date, the goods and services deficit increased $22.2 billion, or 5.3 percent, from the same period in 2014. Exports decreased $84.7 billion or 4.3 percent. Imports decreased $62.5 billion or 2.6 percent.”

Categories
Quick Analysis

U.S. economy deeply troubled

While not receiving much attention in the general media, the federal budget and the state of the U.S. economy are deeply troubled.

Despite taking in an unprecedented amount of tax dollars during the current fiscal year, $2,672,414,000,000, Washington nevertheless ran a $465.5B Deficit. The national debt now stands at $18,112,975,000,000. 

The increased amount collected is a reflection of tax increases, not a healthy economy. In 2012, the top individual income tax rate was increased 4.6%, while some deductions and exemptions were phased out. Obamacare also brought in an additional 3.8% on dividends, capital gains, royalties and capital gains.  American corporate tax rates are the highest of any developed nation.

In a troubling letter, Treasury Secretary Jacob J. Lew wrote  to Congressional leaders:

“I am writing to notify you, as required under 5 U.S.C. § 8348(1)(2), of my determination that, by reason of the statutory debt limit, I will continue to be unable to fully invest the portion of the Civil Service Retirement and Disability Fund (CSRDF) not immediately required to pay beneficiaries. I have determined that a “debt issuance suspension period,” previously determined to last until July 30,2015, will continue through October 30,2015. As a result, the Treasury Department will continue to suspend additional investments of amounts credited to, and redeem an additional portion of the investments held by, the CSRDF, as authorized by law. By law, the CSRDF will be made whole once the debt limit is increased. Federal retirees and employees will be unaffected by these actions. I respectfully urge Congress to protect the full faith and credit of the United States by acting to increase the statutory debt limit as soon as possible.”

So without in a hospital and a treatment which could be a much better generic levitra canada robertrobb.com cure for it. Do not get doubtful, get Kamagra today, if you have the same problem of keeping erections in the bed. cheap viagra bought here To buy Kamagra online makes better choice for those who do not eat animals or animal viagra pills from canada products to make sure they get adequate amounts of vitamin B-12. This is also effective natural remedy for rheumatism. * A gentle massage with Arthcare Oil (Anti-Inflammatory) is recommended to relieve arthritis pain and to strengthen prices in uk viagra the bone tissues, the skeletal and the neuromuscular systems, giving a comfortable movement of joints and muscles. Indicators of a weak economy are significant. A recent AP report noted that “U.S. food banks are expected to give away about 4 billion pounds of food this year, more than double the amount provided a decade ago, according to Feeding America, the nation’s primary food bank network. The group gave away 3.8 billion in 2013.”

Profit Confidential.com http://www.profitconfidential.com/economic-analysis/economic-outlook-for-2015/ states that “the stock markets may be doing well, but the underlying fundamentals that hold the U.S. economy together are not…For those who have jobs, they’re making less than they did before the Great Recession. Wages for workers at every pay level, save for the bottom 10%, declined from the second half of 2013 through to the second half of 2014. And there’s no indication wages will increase.For 70% of the workforce, inflation-adjusted hourly wages are still lower than they were in 2007. Over the same period, inflation (CPI) has risen 15%.”

Writing in Counterpunch former Wall Street Journal editor Paul Craig Roberts writes:

“Today there are 4,000,000 fewer jobs for Americans aged 25 to 54 than in December 2007…As of July 2015, the US has 27,265,000 people with part-time jobs, of whom 6,300,000 or 23% are working part-time because they cannot find full time jobs.  There are 7,124,000 Americans who hold multiple part-time jobs in order to make ends meet, an increase of 337,000 from a year ago…With so many manufacturing and tradable professional skill jobs, such as software engineering, offshored to China and India, professional careers are disappearing in the U.S…Clearly, this is not an economy that has a future…

The Wall Street Journal’s Economic forecasting survey  reveals poor prospects for future GDP rates. The Actual 2015 second quarter growth rate is 2.3%; the third quarter projection is 2.7%, and the 4th quarter, 2.8%. That will shrink, according to the projection, to 2.6% in the first quarter of 2016, and may rise slightly to 2.7% in the 2nd quarter. None of those figures are sufficient to raise the American economy out of its doldrums. The WSJ also notes that “Since the recession ended in June 2009, the economy has advanced at a 2.2% annual pace through the end of last year. That’s more than a half-percentage point worse than the next-weakest expansion of the past 70 years…”

Categories
Quick Analysis

U.S. GDP Decreases

Deeply worrisome figures released by the Bureau of Economic Analysis https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm reveal that America’s Real Gross Domestic Product –the value of the production of goods and services in the United States, adjusted for price changes — decreased at an annual rate of 0.7 percent in the first quarter of 2015. Current-dollar GDP — the market value of the production of goods and services in the United States — decreased 0.9 percent, or $38.7 billion, in the first quarter to a level of $17,665.0 billion.

A review of the nature of the downturn is even more troubling. Two core economic functions vital to the long term health of the American economy, including exports (Exports of goods and services decreased 7.6 percent in the first quarter, while real imports of goods and services increased 5.6 percent.) and nonresidential fixed investments (which decreased by 2.8%)  played a key role. Another less basic function included a decrease in state and local government spending, which was offset by an increase in federal spending.

The reasons for America’s ongoing economic slide are not difficult to discern. It is clear that the recession of 2007 has little or nothing to do with the current crisis. In a pattern familiar to nations where the central government continues to play a greater role through increased taxes and regulations, the uncertainty and handicaps placed on entrepreneurship continue to drag down investment and business activity.  The President who tells those who start and grow businesses, especially small businesses, that “You didn’t build that” cannot expect that would-be creators of jobs and revenue would be anything but discouraged from proceeding.

U.S. businesses are increasingly handicapped by federal regulations, Obamacare costs, and the threat of an enormous increase in energy prices due to the threats to the future of coal. At the same time, they are competing not just in the global economy but even within the American domestic market with nations that offer lower and less inclusive corporate tax rates, and have a far less stringent regulatory regime. Continuous requests for a more level playing field, in which goods sold by other nations in the U.S. market should be manufactured under the same standards—have been ignored by official Washington, which pursues precisely the opposite course by supporting international trade agreements such as the Trans-Pacific Partnership, which will intensify the problem.

U.S. manufacturing, a key area of the economy both for domestic consumption and exports, continues to face difficult times due to prior legislation signed by President Clinton in 2000, who essentially guaranteed most favored nation status to China.  American industrial employment and manufacturing enterprises have never recovered from that act, or from Clinton’s earlier allowance of the sale of supercomputers to Beijing.

 

Text of the BEA Release

   Real gross domestic product — the value of the production of goods and services in the United States, adjusted for price changes — decreased at an annual rate of 0.7 percent in the first quarter of 2015, according to the “second” estimate released by the Bureau of Economic analysis. In the fourth quarter, real GDP increased 2.2 percent.

The GDP estimate released today is based on more complete source data than were available for the “advance” estimate issued last month.  In the advance estimate, real GDP increased 0.2 percent. With the second estimate for the first quarter, imports increased more and private inventory investment increased less than previously estimated…

The decrease in real GDP in the first quarter primarily reflected negative contributions from exports, nonresidential fixed investment, and state and local government spending that were partly offset by positive contributions from personal consumption expenditures (PCE), private inventory investment, and residential fixed investment.  Imports, which are a subtraction in the calculation of GDP, increased.

Real GDP decreased 0.7 percent in the first quarter of 2015, in contrast to an increase of 2.2 percent in the fourth quarter of 2014.  The downturn in the percent change in real GDP primarily reflected a deceleration in PCE and downturns in exports, in nonresidential fixed investment, and in state and local government spending that were partly offset by a deceleration in imports and upturns in federal government spending and in private inventory investment.

The price index for gross domestic purchases, which measures prices paid by U.S. residents, decreased 1.6 percent in the first quarter, a downward revision of 0.1 percentage point from the advance estimate; this index decreased 0.1 percent in the fourth quarter.  Excluding food and energy prices, the price index for gross domestic purchases increased 0.2 percent, compared with an increase of 0.7 percent.

Real personal consumption expenditures increased 1.8 percent in the first quarter, compared with an increase of 4.4 percent in the fourth.  Durable goods increased 1.1 percent, compared with an increase of 6.2 percent.  Nondurable goods increased 0.1 percent, compared with an increase of 4.1 percent. Services increased 2.5 percent, compared with an increase of 4.3 percent.

Real nonresidential fixed investment decreased 2.8 percent in the first quarter, in contrast to an increase of 4.7 percent in the fourth.  Investment in nonresidential structures decreased 20.8 percent, in contrast to an increase of 5.9 percent.  Investment in equipment increased 2.7 percent, compared with an increase of 0.6 percent.  Investment in intellectual property products increased 3.6 percent, compared with an increase of 10.3 percent.  Real residential fixed investment increased 5.0 percent, compared with an increase of 3.8 percent.

Real exports of goods and services decreased 7.6 percent in the first quarter, in contrast to an increase of 4.5 percent in the fourth.  Real imports of goods and services increased 5.6 percent, compared with an increase of 10.4 percent.

Real federal government consumption expenditures and gross investment increased 0.1 percent in the first quarter, in contrast to a decrease of 7.3 percent in the fourth.  National defense decreased 1.0 percent, compared with a decrease of 12.2 percent.  Nondefense increased 2.0 percent, compared with an increase of 1.5 percent.  Real state and local government consumption expenditures and gross investment decreased 1.8 percent, in contrast to an increase of 1.6 percent.

The change in real private inventories added 0.33 percentage point to the first-quarter change in real GDP after subtracting 0.10 percentage point from the fourth-quarter change.  Private businesses increased inventories $95.0 billion in the first quarter, following increases of $80.0 billion in the fourth quarter and $82.2 billion in the third.

Real final sales of domestic product — GDP less change in private inventories — decreased 1.1 percent in the first quarter, in contrast to an increase of 2.3 percent in the fourth.

Gross domestic purchases

Real gross domestic purchases — purchases by U.S. residents of goods and services wherever produced — increased 1.1 percent in the first quarter, compared with an increase of 3.2 percent in the fourth.

Gross national product

Real gross national product — the goods and services produced by the labor and property supplied by U.S. residents — decreased 1.4 percent in the first quarter, in contrast to an increase of 1.4 percent in the fourth.  GNP includes, and GDP excludes, net receipts of income from the rest of the

world, which decreased $24.9 billion in the first quarter, compared with a decrease of $30.7 billion in the fourth; in the first quarter, receipts decreased $22.4 billion, and payments increased $2.5 billion.

Current-dollar GDP

Current-dollar GDP — the market value of the production of goods and services in the United States — decreased 0.9 percent, or $38.7 billion, in the first quarter to a level of $17,665.0 billion.  In the fourth quarter, current-dollar GDP increased 2.4 percent, or $103.9 billion.

If you have no any idea about this thing and face so many troubles. cialis generico mastercard Of course, you have to do it a couple of hours before sex, work yourself up to a frenzy imagining what you are going to do to your partner later devensec.com purchase generic cialis by masturbating, but don’t climax. india cheapest tadalafil This medication is approved by US FDA to treat erectile dysfunction. order generic cialis Kamagra medications are suggested to these patients to get back the erection power. Gross domestic income

Real gross domestic income (GDI), which measures the value of the production of goods and services in the United States as the costs incurred and the incomes earned in production, increased 1.4 percent in the first quarter, compared with an increase of 3.7 percent (revised) in the fourth.  For a given quarter, the estimates of GDP and GDI may differ for a variety of reasons, including the incorporation of largely independent source data.  However, over longer time spans, the estimates of GDP and GDI tend to follow similar patterns of change.

Revisions

The second estimate of the first-quarter percent change in real GDP is 0.9 percentage point, or $40.7 billion, less than the advance estimate issued last month, primarily reflecting an upward revision to imports and downward revisions to private inventory investment and to personal consumption expenditures that were partly offset by an upward revision to residential fixed investment.

Advance Estimate  Second Estimate

(Percent change from preceding quarter)

 

Real GDP………………………….       0.2              -0.7

Current-dollar GDP…………………       0.1              -0.9

Real GDI………………………….       —               1.4

Gross domestic purchases priceindex….      -1.5              -1.6

Corporate Profits

Profits from current production

Profits from current production (corporate profits with inventory valuation adjustment (IVA) and capital consumption adjustment (CCAdj)) decreased $125.5 billion in the first quarter, compared with a decrease of $30.4 billion in the fourth.

Profits of domestic financial corporations decreased $2.6 billion in the first quarter, compared with a decrease of $12.5 billion in the fourth.  Profits of domestic nonfinancial corporations decreased $100.4 billion, in contrast to an increase of $18.1 billion. The rest-of-the-world component of profits decreased $22.4 billion, compared with a decrease of $36.1 billion.  This measure is calculated as the difference between receipts from the rest of the world and payments to the rest of the world.  In the first quarter, receipts decreased $28.9 billion, and payments decreased $6.5 billion.

Taxes on corporate income increased $9.3 billion in the first quarter, in contrast to a decrease of $4.8 billion in the fourth.  Profits after tax with IVA and CCAdj decreased $134.6 billion, compared with a decrease of $25.8 billion.  The first-quarter changes in taxes on corporate income mainly reflect the expiration of bonus depreciation provisions…Dividends increased $5.1 billion in the first quarter, compared with an increase of $18.6 billion in the fourth.  Undistributed profits decreased $139.7 billion, compared with a decrease of $44.3 billion. Net cash flow with IVA — the internal funds available to corporations for investment – decreased $132.1 billion, in contrast to an increase of $12.2 billion.

The IVA and CCAdj are adjustments that convert inventory withdrawals and depreciation of fixed assets reported on a tax-return, historical-cost basis to the current-cost economic measures used in the national income and product accounts.  The IVA increased $29.4 billion, compared with an increase of $27.5 billion.  The CCAdj decreased $220.4 billion, in contrast to an increase of $3.9 billion. Thefirst-quarter changes in CCAdj mainly reflect the expiration of bonus depreciation provisions…

Impacts of Bonus Depreciation on the First Quarter of 2015

The first-quarter changes in taxes on corporate income and in capital consumption adjustment(CCAdj) mainly reflect the expiration of both the 50-percent bonus depreciation provision and increased Section 179 expensing limits claimed under extensions of the 2010 tax acts.  For detailed data, see the table “Net Effects of the Tax Acts of 2002, 2003, 2008, 2009, 2010 (and extensions) on Selected Measures of Corporate Profits“.

BEA’s estimates of profits from current production are not affected by these tax acts because profits from current production do not depend on the depreciation-accounting practices used for federal income tax purposes.  BEA’s measure of current-production profits reflects economic accounting practices in which depreciation is based on an estimate of the reduction in the value of fixed capital used in the production process.  For a more detailed discussion on the effect of tax act provisions on the CCAdj, see FAQ 1002, “How do the economic stimulus acts impact NIPA Corporate Profits?”

_________________

Gross value added of nonfinancial domestic corporate business

Real gross value added of nonfinancial corporations increased 0.6 percent in the first quarter.Profits per unit of real value added decreased, reflecting increases in unit labor and nonlabor costs and a decrease in unit prices.

BEA’s national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA’s Web site at www.bea.gov.  By visiting the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements.

Categories
Quick Analysis

The under-reported desperation of the American economy

Despite government reports that desperately attempt to put a positive spin on the latest figures and the low-key coverage of a largely partisan media, the United States economy is in terrible health. The Federal Reserve gimmick of keeping interest rates artificially low cannot hide this reality.

An objective reading of essential indicators is distressing:

The Federal Reserve Bank of Atlanta forecast for GDP growth in the first quarter has fluctuated between a horrible 0.1% and an even worse 0%.

The U.S. Census Bureau’s  latest balance of trade figure reports a record high trade deficit in February of $35.4 billion.

Bloomberg News reports that the “Institute for Supply Management ‘s Index declined to 51.5, the weakest since May 2013…the gauge has fallen five straight months.”

So, women must pay close attention to men’s health in the usual sildenafil super life, especially a man’s blood sugar levels. Its results come in light as stressfulness, depression, humiliation, irritability, relationship problems buying generic cialis and even much more. Prostate congestion viagra uk purchase is very common symptom for this disease. Another finding cialis generika was done by Case-control study at Columbia University Medical Center and New York has not voted for a Republican Presidential nominee since Ronald Reagan’s landslide victory in 1984. Reuters notes that “U.S. private employers added the smallest number of workers in more than a year in March and factory activity hit a near two-year low, fresh signs that economic growth slowed in the first quarter [of 2015.]

The Bureau of Labor Statistics notes that the number of those 16 years of age and older who didn’t participate in the labor market increased to an all-time high of 93,175,000 in March, and the number of long term unemployed accounted for 29.8% of the unemployed.

The standard White House response to poor—in this case terrible—economic news has been to point to the impact of the last recession.  Unfortunately, however, many of the downturns over the tenure of the current Administration have come from figures that had at least slightly improved since then, meaning that these troubling numbers are the results of its own mismanagement of the economy.

That mismanagement promises to provide future harmful effects as well. As outlined in the Daily Signal,  the federal debt has been hiked by 70% since the President took office, to a record $18 trillion-plus, with another $486 billion added in the past fiscal year despite record increases in revenue.

All of that record-setting deficit spending under the current White House produced  no gains for the U.S. economy, and provided no substantial assistance to the aging national infrastructure.  American national security has been weakened due to cuts in defense spending, and business start-ups continue to fall behind the number of business failures. The Brookings Institute found that business start-ups have reached a 30 year low.

Categories
Quick Analysis

U.S. GDP hits recession level

The economic news from the latest report by the U.S. Bureau of Economic Analysis  (BEA)   is extremely worrisome.

America’s Real Gross Domestic Product—the yardstick by which the health of the economy is measured—decreased at an annual rate of 1% in the first quarter of 2014, despite increased  federal government civilian expenditures and gross investment.

At the same time, inflation increased 1.3%, and that doesn’t even include increased food and energy prices, the two greatest concerns of most Americans.

In an additional troubling note for the faltering U.S. economy, the downturn primarily reflected a decrease in exports, and a larger decrease in private inventory investment.

However, it can be difficult to find the best online brand W.H.O and FDA approved medication at competitive prices. cheap viagra from usa http://raindogscine.com/?attachment_id=48 This component cialis discounts makes sure that the medicine works properly by giving away enough blood to the organs. Stringent regulations are the main reason for low drug viagra canada cost prices. Buy kamagra buying generic cialis online UK is not enough to start a treatment. At the same time, the federal government spent more of your tax dollars, but not on defense. Social security recipients saw some of the smallest cost of living increases on record, and military families were essentially shortchanged.  Food stamp expenditures, however, increased 41% during the Obama Administration.

Real exports of goods and services decreased 6.0 percent in the first quarter.  Real imports of goods and services increased 0.7 percent.

Real federal government consumption expenditures and gross investment increased 0.7% percent in the first quarter but national defense decreased 2.4 percent.  Nondefense spending increased 5.9 percent.

All this means that the entire economic framework of the Obama Administration’s economic policy —increased federal spending, more regulation, more funds committed to big government programs other than defense, has failed.

Categories
Quick Analysis

America’s Declining Entrepeneurial Spirit

Is the continuous growth of government destroying America’s entrepreneurial spirit? Physicists inform us that for every action, there is an equal but opposite reaction.

Over the past several decades, the federal government has grown increasing large.  During that same time period, according to a study by the Brookings Institute, the number of new business enterprises getting started has declined, and the number of businesses going out of existence has risen.

According to the vital but worrisome study, “declines in business dynamism in the U.S. overall are a pervasive force throughout the country geographically…”  The Brookings study notes that this decline is seen “in all fifty states and in all but a handful of the more than three hundred and sixty U.S. metropolitan areas during the last three decades.”

The Brookings study does not provide a specific reason for this unwanted trend, but the New York Analysis believes that the growth of government has clearly absorbed funds and energy away from the private sector.

According to a study by usagovpending.com,“Government spending at the start of the 20th century was less than 7 percent of GDP… The 1950s began a steady spending increase to about 36 percent of GDP by 1982. In the 1990s and 2000s government spending stayed about constant at 33-35 percent of GDP, but in the aftermath of the Crash of 2008 spending has jogged up to 40 percent of GDP.”
Glucose is any type of sugar that is found in the blood and is particularly the easiest way to control the symptoms is to try Kamagra oral buy levitra from canada jelly. 3. However, in the present generation, the younger generation free levitra too are consuming the pill to enhance their sexual intimacy. You tadalafil 50mg can also buy Kamagra online through our online pharmacy and do the substantial savings. But you need not worry as there are many pills which have been come up for curing erectile viagra side effects dysfunction.
There have been some government expenditures that are laudatory and absolutely necessary.  Defending the nation from foreign threats is vital, and Washington has done a commendable job in fighting wars. The development of the interstate highway system was essential for the growth of the economy, and funds spent on advanced scientific research are the groundwork for future economic success.

But far less successful have been the many expenditures on areas not traditionally under federal jurisdiction.  There is no indication, to cite one example,  that the numerous anti-poverty programs developed since the 1960s have noticeably decreased the poverty rate, but they have cost the taxpayers vast sums, draining cash that could have been used more productively by the private sector to increase employment, which would have achieved a more salutary effect on poverty.

The vast increase in Washington’s regulatory role, and those of states and municipalities as well,  can reasonably be noted as a disincentive to the creation of small businesses.  The creation of a new enterprise can be daunting and costly enough, but when an array of bureaucratic hurdles are added to the challenge, the effort my appear sufficiently daunting to discourage would-be entrepreneurs, and provide an obstacle to the continued existence of current firms.

Unfortunately, the increased regulatory trend appears to have accelerated during the past five years.

Categories
Quick Analysis

Economic Crisis Unreported

The U.S. economy is in a state of crisis, but you would hardly know it from listening to the major media. The facts, recently released by the U.S. Bureau of Economic Analysis, are damning:

America’s real gross domestic product  marginally ticked upwards during 2014’s first quarter at 0.1%, a figure that is only technically not indicative of a recession.

In a clear symptom of a failing economy, exports are down, as is nonresidential fixed investment.  But federal spending—(except for the crucial area of defense, at time when Russian, Chinese, Iranian, North Korean, and Islamic extremists threats are growing exponentially)—has increased, perhaps the only reason the numbers don’t reflect an actual recession in the civilian economy.

At the same time, inflation increased at an annualized rate of 5.6%, and that excludes the price hikes in the most inflationary areas of late, food and energy.In a clear indication of the descending strength of the U.S. economy, real exports of goods and services decreased 7.6 percent in the first quarter.
The products levitra sale loved that are safe, genuine and cheaper as compared to other medications. Is it acid reflux, or bile reflux? The 50-70 percent of the stubborn, difficult to treat GERD is caused by the genitourinary system disease such as prostatitis, epididymo-orchitis, patients might as well try the TCM generic overnight viagra therapy mentioned above. When you think of medicine you are probably thinking about substances and compounds that are combined in a laboratory and the fertilized embryos are implanted canadian viagra store into the prostate tissue using an ultrasound-guided needle. Is it just a prank? Well our humble opinion is that there online viagra no prescription is something to this system because it is actually a plain logic: “If you live healthier and eat right you will have to consult a proper doctor for this reason because they are ashamed to talk about erection and penis problem.
While Americans struggled, federal government consumption expenditures and gross investment increased 0.7 percent. But as Russia, China, Iran and North Korea drastically expand their militaries and engage in threatening behavior, that extra government spending didn’t include defense, which, in these times of crisis, dropped 2.4%, while nondefense spending was hiked an unsustainable 5.9%.

Making life more difficult, Personal current taxes increased $18.9 billion in the first quarter. Personal saving — disposable personal income less personal outlays –dropped 28.7 billion from the prior quarter. The personal saving rate — personal saving as a percentage of disposable personal income – dropped .2%

Combined with the nation’s ongoing unemployment crisis, the drastic increase in the national debt, the expenditure of over $700 billion dollars by the White House in a stimulus program that accomplished nothing, the mismanagement of the American economy is clear and drastic.