Wednesday, February 11, 2009
GINGRICH: Where does the conservative movement go from here?
1. Advocate first principles with courage, clarity, persistence and cheerfulness.
2. Insist on developing solutions based on those principles and insist on measuring other proposals against those principles.
3. Be prepared to oppose Republicans when they are wrong and side with Democrats when they are right, but always make the decision to support or oppose a matter of first principles and the application of those principles.
Tuesday, February 10, 2009
Monday, February 9, 2009
Wednesday, January 28, 2009
Tuesday, January 27, 2009
Tuesday, January 20, 2009
Monday, January 19, 2009
Economy Was a Lot Worse In the Early 80's
Consider the following comparisons of key economic variables today to the peaks for those variable in the early 1980s (see graph above):
Prime Rate
1981: 20.5%
2009: 4% (Current)
Inflation
1980: 14.8%
2008: 0% (December)
Unemployment Rate
1982: 10.8%
2008: 6.5% (December)
30-Year Mortgage Rate
1981: 18.5%
2009: 6.04% (Current)
Real Gas Price (2008 dollars)
1981: $3.45 per gallon
2009: $1.82 (Current)
Bottom Line: When it comes to the current state of the economy, it could be a lot worse. It WAS a lot worse in the early 1980s, by the five key economic variables above: prime rate, inflation, jobless rate, 30-year mortgage rate and real gas prices.
Prime Rate
1981: 20.5%
2009: 4% (Current)
Inflation
1980: 14.8%
2008: 0% (December)
Unemployment Rate
1982: 10.8%
2008: 6.5% (December)
30-Year Mortgage Rate
1981: 18.5%
2009: 6.04% (Current)
Real Gas Price (2008 dollars)
1981: $3.45 per gallon
2009: $1.82 (Current)
Bottom Line: When it comes to the current state of the economy, it could be a lot worse. It WAS a lot worse in the early 1980s, by the five key economic variables above: prime rate, inflation, jobless rate, 30-year mortgage rate and real gas prices.
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