A Quote by Rick Santorum
We need a candidate who's going to be a fighter for freedom. Who is going to get up and make that the central theme in this race because it is the central theme in this race. I don't care what the unemployment rate's going to be. Doesn't matter to me. My campaign doesn't hinge on unemployment rates and growth rates.
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A lot of people out there working hard and finally building up to getting a pretty good income. Higher tax rates on them, you know, the income rates going up, the dividend rates are going up, the capital gains rates all going up before health care kicks in.
The black unemployment rate has to be twice that of the white rate in the US. If the national unemployment rate were 6.8 percent, everyone would be freaking out. We ought to not take too much solace in the 6.8 percent, but ask ourselves what can we do to bring that down to white rates, which are below 4 percent now. Some of that has to do with education, but that's just part of the story. You find that those unemployment differentials persist across every education level. I think it means pushing back on discrimination and helping people who can't find work get into the job market.
We don't know what our health care costs are going to be. We don't know what our tax rates are going to be. We don't know what our interest rates are going to be. We don't know what our energy costs are going to be. All these uncertainties are being driven by the Government's agenda. What we really need to do is get Government to step back.
Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.
The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.
Since 1994, unemployment rates are lower. Median household income is higher. A greater percentage of Americans are graduating from college. Home ownership rates are higher. And the violent crime rate has decreased.
What's true for New York is true for most of the country: We are a long way removed from the double-digit interest rates and unemployment rates, and the soaring crime rates, of the early 1980s.
If I have learned one thing from life, it is that race is the engine that drives the political Left. When all else fails, that segment of America goes to the default position of using race to achieve its objectives. In the courtrooms, on college campuses, and, most especially, in our politics, race is a central theme. Where it does not naturally rise to the surface, there are those who will manufacture and amplify it.
The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.
It's no coincidence that the cities with the highest rates of violence also have the highest rates of unemployment. There are not many opportunities. We have to address that, starting from the government down and the grassroots up.
There are going to be a lot of questions, not just in my country, but across the Middle East. Is Israel going to continue to be "Fortress Israel"? Or, as we all hope, become accepted into the neighborhood, which I believe is the only way we can move forward in harmony. And no matter what's happening in the Middle East - the Arab Spring, et cetera, the economic challenges, high rates of unemployment - the emotional, critical issue is always the Israeli-Palestinian one.
When I was a film critic, the reason I kind of found it disenchanting was because the things that I wanted to talk about were the ideas in the movie, the theme of it, and contextual elements that weren't necessarily central to the story. But the only thing people really wanted was a plot description and how many stars I'd give it. It didn't matter how much effort you put into writing a piece, they looked at it solely as a consumer's guide toward going or not going to films.
We're seeing the yield curve steepen, that means long rates are going up but short rates are not because the Fed is holding them down and this is usually good for financial stocks.
Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.
My first race was '99/2000. At that time, I was at 'Salon,' and I was basically their campaign reporter, so I would just jump around from race to race, candidate to candidate.
Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And if employment goes up, our office buildings get filled. The reality is that increased economic activity combined with increased interest rates is basically bullish for real estate.
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