Showing posts with label wealth. Show all posts
Showing posts with label wealth. Show all posts

Wednesday, November 7, 2012

America Falls Out Of The Top 10 Most Prosperous Nations List

 

Barack Obama

Another indication the U.S. economy is in a disastrous state comes courtesy of the Legatum Institute’s annual prosperity index. America for the first time in the history of the list, fell out of the top 10, to #12. It should serve as another of many wake up calls for the Obama Administration regarding the country heading in the wrong direction.

However, if the past few years are any indication, the news will be met with even more spending from the Obama Administration, which is the wrong solution to the problem and will further plunging the country into unproductive debt and dismal economic numbers.

STORY SOURCE

U.S. slips out of top 10 most prosperous countries, while Canada keeps No. 6 ranking 

Nov 5, 2012 2:32 PM ET - Reuters The U.S. fell to 12th position from 10th in the Legatum Institute’s annual prosperity index amid increased doubts about the health of its economy and ability of politicians. The U.S. slid from the top 10 most prosperous nations for the first time in a league table which ranked Canada sixth in the world for the second year in a row.

The U.S. fell to 12th position from 10th in the Legatum Institute’s annual prosperity index amid increased doubts about the health of its economy and ability of politicians. Norway, Denmark and Sweden were declared the most prosperous in the index, published in London Monday.

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Tuesday, August 21, 2012

Mitt Romney Withholding His Tax Returns Being Used As Ammo To Criticize Him

 
Mitt Romney and running mate Paul Ryan

Republican presidential candidate, Mitt Romney, has been declining to release his tax returns. The wealthy millionaire is said to be worth in the region of $250,000,000. His years at Bain Capital were successful and earned him most of his fortune. However, political pundits and rivals are using Romney's wealth and refusal to release his tax returns to criticize him during campaigning. He has a choice to make.

When a person has a lot of money, they are often disinclined to release their tax returns, as it will make them a target. People generally don't want others knowing their financial business to that extent. However, as Romney is running for president, it is expected of him. One should never be ashamed of hard work and success and it is regrettable that some are attempting to turn it into a negative.   

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Monday, July 23, 2012

President Obama Struggling With What To Do About The U.S. Economy

 

Barack Obama

With three months left until the 2012 Presidential election, U.S. President Barack Obama, is struggling regarding decisions about the depressed economy. The closer the nation gets to the election, the worse the economic news has been coming out of Washington, regarding unemployment and foreclosures.

The economy is falling behind again, while other global counterparts such as Canada, have surpassed America in personal wealth, regarding its citizens. This is a clear indication that the Obama Administration has taken the wrong approach to solving the financial crisis. 

Even Federal Reserve chief, Ben Bernake, is at wits end. The puzzle wasn't that difficult. Raise taxes on the rich and make government budget cuts. However, somewhere along the line, someone convince President Obama otherwise and that, among other things, it is going to cost him a second term in office.

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Monday, June 4, 2012

Bill Clinton Warns Obama Off Bashing Mitt Romney For Being A Successful Businessman


Barack Obama

Former U.S. President Bill Clinton has warned fellow Democrat, President Barack Obama, it is not a good idea bashing election rival, Mitt Romney, for being a successful businessman, as it sends the wrong message to the public, especially aspiring entrepreneurs.


Mitt Romney

This is the same message the Judiciary Report has published for the past month as well, stating President Obama should not slam Romney for legitimately succeeding in the business world. He is not Bernard Madoff or R. Allen Sanford. Government should not punish success, as there is nothing wrong with doing well. Greed and thievery are wrong, but not good old fashioned hard work that leads to prosperity.


Bill Clinton

At a time when the U.S. economy is seriously struggling, President Obama and all in his administration should want as many successful businesspeople as possible, willing to work, create jobs and honestly earn a living. Free enterprise within the scope of the law is a good thing. Not something to be bashed and criticized.

STORY SOURCE

Bill Clinton: Mitt Romney's business record 'sterling'

5/31/12 10:50 PM EDT - President Bill Clinton veered sharply off message Thursday, telling CNN that Mitt Romney's business record at Bain Capital was "sterling." "I don't think that we ought to get into the position where we say 'This is bad work. This is good work,'" Clinton said. "The man who has been governor and had a sterling business career crosses the qualification threshold." Clinton also went on to say that Romney's time at Bain Capital represented a "good business career."


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