Dear President Obama:
You will be the first American president that lied to the Jewish people, and the American people as well, when you said that you would defend Israel, the only Democratic state in the Middle East, against all their enemies. You have done just the opposite. You have propagandized Israel, until they look like they are everyone's enemy - and it has resonated throughout the world. You are putting Israel in harm's way, and you have promoted anti-Semitism throughout the world.
You have brought this to a people who have given the world the Ten Commandments and most laws we live by today. The Jewish people have given the world our greatest scientist and philosophers, and the cures for many diseases, and now you play a very dangerous game so you can look like a true martyr to what you see and say are the underdogs. But the underdogs you defend are murderers and criminals and want Israel eradicated.
You have brought to Arizona a civil war, once again defending the criminals and illegals, creating a meltdown for good, loyal, law-abiding citizens. Your destruction of this country may never be remedied, and we may never recover. I pray to God you stop, and I hope the people in this great country realize your agenda is not for the betterment of mankind, but for the betterment of your politics.
With heartfelt and deep concern for America and Israel,
Jon Voight
Showing posts with label lies. Show all posts
Showing posts with label lies. Show all posts
Tuesday, June 22, 2010
Thursday, October 29, 2009
The 3.5 percent upturn in GDP may not have actually happened; unseen events are at work
Here's a riddle: If a scientist or engineer is laid off, does it affect gross domestic product?
The third-quarter GDP figures, released on Oct. 29, showed the economy growing at a 3.5% annual pace, breaking a string of four consecutive negative quarters. The growth was driven mostly by a surge in the production of motor vehicles and other manufactured goods.
This number was greeted by many economists and journalists as confirmations that the recession is over. What's more, the rise in real GDP, combined with a sharp fall in employment in the third quarter, implies that productivity also soared during the period. Good news, right?
The trouble is that those GDP and productivity growth figures could be significantly overestimated—perhaps by one percentage point or even more.
That's because the official statistics are not designed to pick up cutbacks in "intangible investments" such as business spending on research and development, product design, and worker training. There's ample evidence to suggest that companies, to reduce costs and boost short-term profits, are slashing this kind of spending, which is essential for innovation. Without investment in intangibles, the U.S. can't compete in a knowledge-based global economy. Yet you won't see that plunge reflected in the GDP and productivity statistics, which are still too focused on more traditional sectors, such as motor vehicles and construction.
In effect, government statisticians are trying to track a 21st century bust with 20th century tools. Not only is that distorting the critical data that investors, policymakers, and corporate executives use to evaluate the economy, but it might also be creating a false sense of relief as Americans battle a brutal recession.
The third-quarter GDP figures, released on Oct. 29, showed the economy growing at a 3.5% annual pace, breaking a string of four consecutive negative quarters. The growth was driven mostly by a surge in the production of motor vehicles and other manufactured goods.
This number was greeted by many economists and journalists as confirmations that the recession is over. What's more, the rise in real GDP, combined with a sharp fall in employment in the third quarter, implies that productivity also soared during the period. Good news, right?
The trouble is that those GDP and productivity growth figures could be significantly overestimated—perhaps by one percentage point or even more.
That's because the official statistics are not designed to pick up cutbacks in "intangible investments" such as business spending on research and development, product design, and worker training. There's ample evidence to suggest that companies, to reduce costs and boost short-term profits, are slashing this kind of spending, which is essential for innovation. Without investment in intangibles, the U.S. can't compete in a knowledge-based global economy. Yet you won't see that plunge reflected in the GDP and productivity statistics, which are still too focused on more traditional sectors, such as motor vehicles and construction.
In effect, government statisticians are trying to track a 21st century bust with 20th century tools. Not only is that distorting the critical data that investors, policymakers, and corporate executives use to evaluate the economy, but it might also be creating a false sense of relief as Americans battle a brutal recession.
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