Who Can Make The Big Changes In Washington? We Need Your Support, Thanks!

Political Halloween 2008 Trick or Treat VIEW VIDEO: http://www.youtube.com/watch?v=3b8zPC21nKk

Happy Political Halloween 2008! Frankly, given what has been happening this week with the economy *all politicians* are pretty scary. Who scares you more? McCain? Obama? Republicans? Democrats?

MY BIG PITCH for John McCain and Sarah Palin, worth repeating! Finally a reason lacking all sense of political humor and silliness for why we should all vote for John McCain: old people are frugal.

VOTE FOR: John McCain and Sarah Palin Nov. 4, 2008Click Here http://www.johnmccain.com/ thanks!

Who Can Make The Big Changes In Washington? http://www.aarpvote08.org/?d=SmFtZXMgRXZlcml0dA

I believe that McCain-Palin with the rest of our ticket for reform best represents our best hope for America and are ready to serve our country. With your help and support, we can make this happen on November 4th. Stand with us now and join our team. We need your support, James Everitt http://www.johnmccain.com/

I’m for lower taxes and smaller government, because lower taxes are better for families, property owners, and small businesses. With lower taxes, businesses have more money to invest, hire, and provide services. Less government bureaucracy improves the business climate, promotes economic growth, and reduces unemployment.

And if we limit the scope of the federal government in accordance with the constitution, we decrease spending and reducing taxes, increasing our liberty in several ways:

(1) Liberty is increased when government is reduced to its essential and necessary functions, because there is no longer a role for lobbyists fighting to increase pork for their favorite non-essential, unnecessary programs.

(2) Liberty is increased when more government functions and decisions are handled at the state and local levels, closer to the American people.

(3) Liberty is increased when individual citizens have more responsibility and when government has less control.

(4) Limited government leads to lower taxes, and with lower taxes, liberty is increased because businesses have more of their own money to invest, hire, and provide services. Less government bureaucracy improves the business climate and promotes job growth.

(5) Limited government leads to lower taxes, which is better for families and property owners. With lower taxes, liberty is increased because individuals and families have more of their own money - increased take-home pay - for their needs: food, clothing, housing, education, health insurance, and retirement.

(6) When people are able to provide for themselves, they are more likely to achieve prosperity and less dependent on government programs. In turn, this leads to further reduction in government spending, allowing the remaining money to be targeted to legitimate needs, such as military veterans, orphans, and people with severe disabilities.

Join the Chamber as we work on key issues facing America -- assessing our country's strengths and weaknesses and outlining the public policies we must pursue to succeed in the world economy. Explore our Web site to learn more about critical issues and get involved by adding your name to our petitions.

Sign A Petition: http://www.friendsoftheuschamber.com/takeaction/index.cfm?ID=85

Card Check Petition
State of American Business Petition
Economic and Tax Policy Petition
Energy and Environment Petition
Health Care Petition
Labor Petition
Legal Reform Petition

Thanks,
James Everitt
http://www.everittjames.blogspot.com/

P. S. Just take a couple of minutes to view our ads and I'm certain that you will understand the importance and the urgency of our message. You can see them at http://www.neverfindout.org/ VOTE John McCain and Sarah Palin Nov. 4, 2008, Click Here http://www.johnmccain.com/ thanks!

Who Will You Trust On Election Day?

When all the votes are cast on Election Day, YOU won't be able to un-ring the bell. It will all be over!

What are YOU doing to affect the outcome of this Election?

Dear Fellow American:

Our message is so vital that Bill O'Reilly shared it with millions of Americans this past Friday. In case you missed it, I want you to know about it now. Bill O'Reilly reviewed two of our ads with Frank Luntz, who did extensive copy-testing on them with his focus group immediately before last Tuesday's Presidential debate. His summary comment was: "Let Freedom Ring has hit a home run."Our "home run" is a series of ads called "Never Find Out."

Do you know how your actions and the actions of your friends and family will affect a generation of Americans? What happens when we elect a Senator who's part of the biggest financial crisis in U.S. history? Please, America, let's Never Find Out. Just take a couple of minutes to view our ads and I'm certain that you will understand the importance and the urgency of our message.

You can see them at www.neverfindout.org. Our message is so vital to the importance to the future of this great nation that we have committed over a million dollars to protect you and your family from an Obama Presidency. An Obama Presidency will change your life forever--and not for the better.What the outcome is on the morning after Election Day will change your life forever. If it is Barack Obama, ask yourself this: How bad will it get?Only you know how tough the current financial crisis is for you. But you can bet that an Obama Presidency would make it make it worse!

Go to www.neverfindout.org to learn about the dangers of an Obama Presidency. Obama stated that he would not raise taxes on people earning less than $250,000. However, he voted in the Senate to let the Bush tax cuts expire. What do you call that? Taking away the Bush tax cuts is no different than RAISING your taxes. It will not just raise the taxes of those earning over $250,000 it will be for EVERY American--100% across the board.

Go to www.neverfindout.org to learn about the dangers of an Obama Presidency. This is only the beginning. Obama said he would remove the ceiling on Social Security (FICA) tax. That is a 6.2% tax increase on those people earning over $102,000. If you are self-employed, that increase is 12.4%. That is just the beginning!He only mentioned earnings. What about un-earned income, such as savings interest or dividends on your investments? Many of us have retirement or college savings plans. The dividends accumulated in those funds will be taxed. His increase in Capital Gains taxes by 13%, from 15% - 28% will take care of that. What about the pensions our seniors whom are already collecting? Their pension checks are probably coming from mutual funds. If you fall into that category, you can look for a 13% increase in Capital Gains Tax, which will reduce your retirement income.

Go to www.neverfindout.org to learn about the dangers of an Obama Presidency. Barack Obama must be exposed NOW. We need your help TODAY. Obama promised to raise taxes on those big bad corporations; those big bad corporations that gave you a job. Pray you do not work for one of them. If you do, next holiday season you may not be standing on the checkout line in your favorite gift store. You'll more likely be standing on the unemployment line instead.

Go to www.neverfindout.org to learn about the dangers of an Obama Presidency. Obama's total disregard to reform the Government Sponsored Enterprises (GSE's) has helped create the devastation that has led us to the biggest financial crisis in American history. He is part of the problem.The media has stated that, "Obama benefitted politically from the financial crisis." Guess who received campaign contributions from the people who drove Freddie Mac and Fannie Mae into the ground? Barack Obama, Christopher Dodd and John Kerry.Who will be Obama's financial advisors in his cabinet? Think of the people with whom he has already aligned himself: Franklin Raines, who cooked the books at Fannie Mae and walked away with $90 million; Do you want him as Secretary of the Treasury? Jim Johnson, who was on his Vice Presidential search committee, was the former CEO of Fannie Mae. Would you want him to be appointed the Director of the Office of Management and Budget by a President Obama? If this is what you want, Obama is your man. However, if you really want to know where your next meal is coming from, then share this message with your friends and family NOW.

Go to www.neverfindout.org to learn about the dangers of an Obama Presidency. When all the votes are cast on Election Day, you won't be able to un-ring the bell. It's YOUR obligation to ensure your friends, family and neighbors don't vote for an Obama Presidency.It will all be over in less than a few weeks. What are you doing to affect the outcome of this Election? All Americans deserve to know the facts. Please help us to expose Barack Obama TODAY.

Comments from James Everitt
The McCain-Palin Campaign and the rest of our ticket for reform are ready to serve our country. With your help and support, we can make this happen on November 4th. Stand with us now and join our team. Sincerely, James Everitt http://www.johnmccain.com

From the day he is sworn into office until the last hour of his presidency, John McCain will work with anyone, of either party, to make this country safe, prosperous and proud.Citizens for McCain is an organization within the McCain campaign for people who put country before political party and support the candidate for President who has a proven record of bipartisanship. "I have worked with John McCain for many years in the U.S. Senate and know from experience that he can unite Democrats, Republicans and Independents like no one else in this country. He did it in the United States Senate and he can do it as President of the United States. Thank you for your willingness to help me expand this new organization. Together, we will make history. Joe Lieberman"

Join the Chamber as we work on key issues facing America -- assessing our country's strengths and weaknesses and outlining the public policies we must pursue to succeed in the world economy. Explore our Web site to learn more about critical issues and get involved by adding your name to our petitions.

Sign A Petition

Card Check Petition State of American Business PetitionEconomic and Tax Policy Petition Energy and Environment Petition Health Care Petition Labor Petition Legal Reform Petition

Thanks,
James Everitt
http://www.everittjames.blogspot.com

P. S. Just take a couple of minutes to view our ads and I'm certain that you will understand the importance and the urgency of our message. You can see them at http://www.neverfindout.org

A Video Portrait of Barack Hussein Obama, Few Americans realize the dangerousness of an Obama Administration. The Audacity." Lorne Baxter explores the life of Barack Hussein Obama, Jeremiah Wright, Che Guevara and the theology behind it, in this Video Portrait of Barack Hussein Obama! Watch Now http://www.brightcove.tv/title.jsp?title=1848893916

Reaganomics Supply-Side Economics

Reaganomics Supply-Side Economics


Understanding Supply-Side Economics by David Harper,CFA, FRM (Contact Author Biography) Reaganomics (a portmanteau of "Reagan" and "economics") refers to the economic policies promoted by United States President Ronald Reagan. The four pillars of Reagan's economic policy were to:[1] reduce the growth of government spending, reduce marginal tax rates on income from labor and capital, reduce government regulation of the economy, control the money supply to reduce inflation. In attempting to cut back on domestic spending while lowering taxes, Reagan's approach was a departure from his immediate predecessors. Reagan became president during a period of high inflation and unemployment (commonly referred to as stagflation), which had largely abated by the time he left office.

Supply-side economics is better known to some as "Reaganomics", or the "trickle-down" policy espoused by former U.S. president Ronald Reagan. He popularized the controversial idea that greater tax cuts for investors and entrepreneurs provides incentives to save and invest and produce economic benefits that trickle down into the overall economy. In this article, we summarize the basic theory behind supply-side economics.

Like most economic theories, supply-side economics tries both to explain macroeconomic phenomena and - based on these explanations - to offer policy prescriptions for stable economic growth. In general, supply-side theory has three pillars: tax policy, regulatory policy and monetary policy. However, the single idea behind all three pillars is that production (i.e. the "supply" of goods and services) is the most important determinant of economic growth. The supply-side theory is typically held in stark contrast to Keynesian theory, which, among other facets, includes the idea that demand can falter, so if lagging consumer demand drags the economy into recession, the government should intervene with fiscal and monetary stimuli. This is the single big distinction: a pure Keynesian believes that consumers and their demand for goods and services are key economic drivers, while a supply-sider believes that producers and their willingness to create goods and services set the pace of economic growth. The Argument That Supply Creates Its Own Demand In economics we review the supply and demand curves. The left-hand chart below illustrates a simplified macroeconomic equilibrium: aggregate demand and aggregate supply intersect to determine overall output and price levels. (In this example, output may be gross domestic product and the price level may be the Consumer Price Index.) The right-hand chart illustrates the supply-side premise: an increase in supply (i.e. production of goods and services) will increase output and lower prices.
Starting Point
Increase in Supply (Production)

Supply-side actually goes further and claims that demand is largely irrelevant. It says that over-production and under-production are not really sustainable phenomena. Supply-siders argue that when companies temporarily "over-produce", excess inventory will be created, prices will subsequently fall and consumers will increase their purchases to offset the excess supply. As put by the Fountainhead Capital Group, "After all, what would cause consumers and businesses to stop demanding goods and services and force the economy into a recession or a depression? Keynes had no idea, and said as much…." This essentially amounts to the belief in a vertical (or almost vertical) supply curve, as shown below on the left-hand chart below. On the right-hand chart, we illustrate the impact of an increase in demand: prices rise but output doesn't change much.
Vertical Supply Curve
An Increase in Demand → Prices Go Up

Under such a dynamic - where the supply is vertical - the only thing that increases output (and therefore economic growth) is an increase in the production of the supply of goods and services. As illustrated below:
Supply-Side Theory Only an Increase in Supply (Production) Raises Output

Three PillarsThe three supply-side pillars follow from this premise. On the question of tax policy, supply-siders argue for lower marginal tax rates. In regard to a lower marginal income tax, supply-siders believe that lower rates will induce workers to prefer work over leisure (at the margin). In regard to lower capital-gains tax rates, they believe that lower rates induce investors to deploy capital productively. At certain rates, a supply-sider would even argue that the government would not lose total tax revenue because lower rates would be more than offset by a higher tax revenue base - due to greater employment and productivity.

On the question of regulatory policy, supply-siders tend to ally with traditional political conservatives - those who would prefer a smaller government and less intervention in the free market. This is logical because supply-siders, although they may acknowledge that government can temporarily help by making purchases, they do not think this induced demand can either rescue a recession or have a sustainable impact on growth. The third pillar, monetary policy, is especially controversial. By monetary policy, we are referring to the Federal Reserve's ability to increase or decrease the quantity of dollars in circulation (i.e. where more dollars means more purchases by consumers, thus creating liquidity). A Keynesian tends to think that monetary policy is an important tool for tweaking the economy and dealing with business cycles, whereas a supply-sider does not think that monetary policy can create economic value. While both agree that the government has a printing press, the Keynesian believes this printing press can help solve economic problems. But the supply-sider thinks that the government (or the Fed) is likely to create only problems with its printing press by either (a) creating too much inflationary liquidity, or (b) not sufficiently "greasing the wheels" of commerce with enough liquidity. A strict supply-sider is therefore concerned that the Fed may inadvertently stifle growth by contributing to deflation and encouraging investors to horde dollars. What’s Gold Got To Do with It?Since supply-siders view monetary policy not as a tool that can create economic value, but rather a variable to be controlled, they advocate a stable monetary policy or a policy of gentle inflation tied to economic growth - for example, 3% to 4% growth in the money supply per year. This principle is the key to understanding why a supply-sider often advocates a return to the gold standard - which may seem strange at first glance. (And most economists probably do view this aspect as dubious.) The idea is not that gold is particularly special but rather that gold is the most obvious candidate as a stable "store of value". The supply-sider argues that if the U.S. were to peg the dollar to gold, the currency would be more stable, and fewer disruptive outcomes would result from currency fluctuations. As an investment theme, supply-side theorists say that the price of gold - since it is a relatively stable store of value - provides investors with a "leading indicator", or signal for the direction of the dollar. Indeed, gold is typically viewed as an inflation hedge. And, although the historical record is hardly perfect, gold has often given early signals about the dollar. In the chart below, we compare the annual inflation rate in the United States (the year-to-year increase in the Consumer Price Index) with the high-low-average price of gold. An interesting example is 1997-98: gold started to descend ahead of deflationary pressures (lower CPI growth) in 1998.

Conclusion Supply-side economics has a colorful history. Some economists view supply-side as a half-baked economic theory - economist and New York Times columnist Paul Krugman even called its founders "cranks" in a book dedicated to attacking the theory ("Peddling Prosperity"). Other economics are so utterly disagree with the theory that they dismiss it as offering nothing particularly new or controversial to an updated view of classical economics. We have discussed the three pillars, and, based on this, you can see how the supply side cannot be separated from the political realms: if true, it implies a reduced role for government and a less progressive tax policy.
by David Harper (Contact Author Biography)In addition to writing for Investopedia, David Harper, CFA, FRM, is the founder of The Bionic Turtle, a site that trains professionals in advanced and career-related finance, including financial certification. David was a founding co-editor of the Investopedia Advisor, where his original portfolios (core, growth and technology value) led to superior outperformance (+35% in the first year) with minimal risk and helped to successfully launch Advisor.
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Two Wolves - Cherokee Words of Wisdom

Two Wolves - Cherokee Words of Wisdom
Two Wolves - Cherokee Words of Wisdom

Two Wolves - A Cherokee Parable
An old Cherokee chief was teaching his grandson about life... "A fight is going on inside me," he said to the boy. "It is a terrible fight and it is between two wolves. "One is evil - he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, self-doubt, and ego. "The other is good - he is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion, and faith. "This same fight is going on inside you - and inside every other person, too." The grandson thought about it for a minute and then asked his grandfather, "Which wolf will win?" The old chief simply replied, "The one you feed."


Two Wolves - Cherokee Words of Wisdom

Personal Message: "It is as if there are two wolves inside me; One is good and does no harm. He lives in harmony with all around him and does not take offense when no offense was intended. He will only fight when it is right to do so, and in the right way. He saves all his energy for the right fight."

Watch Now: http://www.brightcove.tv/title.jsp?title=1815852648