TheFrontPageCover
~ Featuring ~
Shutdown's Economic Impact:
Most Shrug, Others Suffer
by Thomas Gallatin
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Dobson: N.Y. adopts 'pure barbarism
rarely seen since Middle Ages'
by BOB UNRUHTrump’s HUGE legal victory (media ignoring)
Opposing China's Dangerous Ambitions
by Gordon G. Chang.
scumbag/liar-Hillary Criminal
Charges Decision – Finally
by JEFF CARLSON.
The Democratic Party Is Alienated
from and Hates the USA
by E. Jeffrey Ludwig
{americanthinker.com} ~ At the high school where I formerly taught for 15 years in Brooklyn, N.Y., the Pledge of Allegiance was not recited when I arrived there in 1997. I was told that it had not been recited since 1966 because of the anti-Vietnam War protests... At that time, students, faculty, and administration agreed, the USA was supporting a corrupt government in Vietnam to protect oil interests, to promote a phony anti-communist script, and to deny the Vietnamese people their true national identity – namely, a united nation under their national hero, Ho Chi Minh. According to those antiwar activists, there was no sense in which we could be standing for "liberty and justice for all." Now, since the 9/11 attack of 2001, the Pledge is recited on a daily basis, but students are allowed not to stand for it. In 9th grade, most stand. In 10th grade, about half stand. By 11th grade, if two or three stand, a patriotic teacher may consider himself lucky. However, most of the teachers do not stand and do not recite the Pledge. And in 12th grade, none stands. Thus, there is a clear correlation between academic progress in the high school and patriotic respect, or rather lack of same. One of my communist colleagues said to me, "Standing and reciting the Pledge has nothing to do with love of country or patriotism. It's just a gesture." Is it not an expression of commitment to our country despite there being different levels of enthusiasm or "love" motivating the saying of that pledge? I totally disagree with that colleague on this matter, and although I would not call him a traitor for not supporting the saying of the Pledge, I do think his commitment to and gratitude for living in the land of the free and the home of the brave he'd disagree with that phrase as well are deficient... https://www.americanthinker.com/articles/2019/01/the_democratic_party_is_alienated_from_and_hates_the_usa.html
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Shutdown's Economic Impact: Most Shrug, Others Sufferby Thomas Gallatin: As the partial government shutdown enters day 33, what impact is it having upon the U.S. economy? It is certainly having at least a temporal impact upon the economic lives of roughly 800,000 federal workers, half of whom have been furloughed and the other half are currently working without pay. However, these government employees represent approximately 0.5% of the entire U.S. workforce. So, how significant an impact is the partial shutdown having upon the U.S. economy as a whole?
People who live and work in the DC metro area are most certainly feeling the shutdown effects. Bloomberg estimates that about 1.2 million federal contractors are being impacted by the shutdown to the tune of $200 million a day in lost or delayed revenue.
Some economic forecasters are projecting a first-quarter slowdown of 0.2% to 0.4% due to the shutdown, which would amount to a loss of $10 to $20 billion in GDP. However, the Hudson Institute’s Harold Furchtgott-Roth argues, “Such forecasts are too pessimistic. U.S. GDP is more than $20 trillion annually, or approximately $55 billion daily. The daily compensation of furloughed federal workers is about $52.5 million, or less than 0.1% of GDP. This figure does not include affected government contractors, but even doubling or tripling this figure yields only a small share of GDP.”
In fact, after a month of a shutdown standoff that shows no signs of ending anytime soon, the stock market appears unconcerned. As Furchtgott-Roth further notes, “The Dow and the S&P 500 are up nearly 9% since the shutdown began Dec. 22.” He adds, “Experience also gives reason for optimism. The last major government shutdown occurred in 1995-96. It affected the entire federal government, not only part of it. Yet U.S. GDP growth increased from 2.7% in 1995 to 3.8% in 1996.”
While there are indeed hundreds of thousands of federal employees as well as thousands of private government contractors currently feeling very real financial pain from this shutdown, the larger lesson here is that the strength of the U.S. economy is found in the very fact that it is independent of the federal government. Government doesn’t build and grow the economy; free-market enterprise does. ~The Patriot Post
https://patriotpost.us/articles/60724?mailing_id=4030&utm_medium=email&utm_source=pp.email.4030&utm_campaign=snapshot&utm_content=body
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