Showing posts with label Terence P. Jeffrey. Show all posts
Showing posts with label Terence P. Jeffrey. Show all posts

Friday, May 29, 2015

Better Blame It On Bush!

May 29, 2015 Climate Change , CNSNews.com 0 Comments
Blame It on Global Cooling? Obama Has Lowest Average 1stQ GDP Growth of Any President on Record

By Terence P. Jeffrey, May 29, 2015, CNSNews.com

Even if you leave out the first quarter of 2009—when the recession that started in December 2007 was still ongoing--President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth.

In all first quarters since 1947, the real annual rate of growth of GDP has averaged 4.0 percent.

In the seven first quarters during Obama’s presidency, it has declined by an average of -0.43 percent. And if you leave out the first quarter of 2009 and look only at the first quarters of the six years since the recession ended, it has averaged only 0.4 percent.

In the six years of Harry Truman’s presidency for which the BEA has calculated quarterly GDP, the annual rate of growth in GDP in the first quarter averaged 4.5 percent.

Read the full story: www.cnsnews.com

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Monday, November 17, 2014

It's only tax payer $

November 17, 2014 Barack Obama , China 0 Comments
Obama: ‘We Are Going To Contribute $3 Billion to the Green Climate Fund'

Terence P. Jeffrey, Nov. 15, 2014, CNS News

This fund to which Obama intends to funnel $3 billion in U.S. taxpayer money lists among its board members Ziqian Liang, the deputy director general of the International Department of the Ministry of Finance of the People’s Republic of China. It also lists as board members Ayman Shasly, and international policies consultant with the Ministry of Petroleum and Mineral Resources of Saudi Arabia; and Jorge Ferrer Rodriquez, a minister counsellor with the Multilateral Affairs and International Law General Division of the Ministry of Foreign Affairs of Cuba.

“We cannot forget the need to lead on the global fight against climate change,” Obama said in his speech at the University of Queensland.

“Here in the Asia Pacific, nobody has more at stake when it comes to thinking about and then acting on climate change,” Obama said. “Here, a climate that increases in temperature will mean more extreme and frequent storms, more flooding, rising seas that submerge Pacific islands. Here in Australia, it means longer droughts, more wildfires. The incredible natural glory of the Great Barrier Reef is threated. Worldwide, this past summer was the hottest on record. No nation is immune, and every nation has a responsibility to do its part.”

Read more: www.cnsnews.com


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