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Prosperity and Capitalism. America’s Oil Boom Reaganomics Vs. Obamanomics.

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Presentation on theme: "Prosperity and Capitalism. America’s Oil Boom Reaganomics Vs. Obamanomics."— Presentation transcript:

1 Prosperity and Capitalism

2 America’s Oil Boom

3

4 Reaganomics Vs. Obamanomics

5 Obama Jobless Recovery

6 Red States Vs Blue States

7 Growth States Vs Declining States

8 Texas - 1.1 Million Jobs Created Rest of the U.S. - 350 Thousand Jobs Lost

9 The Greatest Story Never Told - 64 %+ 1,500%

10 America’s Boom and Bust

11

12 Taxmageddon Tax Rates Under Obama in 2013

13 Barack Obama Simplified tax form

14 Source: Internal Revenue Service, Statistics on Income, “Number of Returns, Shares of AGI and Total Income Tax, AGI Floor on Percentiles in Current and Constant Dollars, and Average Tax Rates,” Table 1. Available at: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=133521,00.html Past performance is no guarantee of future results. Bottom 95 Percent Pays Less than Top 1 Percent

15 Rich Pay More Than Their Fair Share 2010 Income and Income Tax Shares Source: Internal Revenue Service, Statistics on Income, “Number of Returns, Shares of AGI and Total Income Tax, AGI Floor on Percentiles in Current and Constant Dollars, and Average Tax Rates,” Table 1. Available at: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=133521,00.html Past performance is no guarantee of future results.

16 The Laffer Curve Tax Rate Tax Revenue

17 Inflation Rate, 1950-2013 Past performance is no guarantee of future results. Source: http://research.stlouisfed.org/fred2/graph/?id=CPILFESL,

18 Past performance is no guarantee of future results. Source: Federal Reserve Bank of St. Louis, Monetary base Growth, Available at: http://research.stlouisfed.org/fred2/series/BASE Helicopter Ben Year on Year Monetary Base Growth, bi-weekly, percent, through June 2013 QE0 QE1 QE2

19 Source: http://research.stlouisfed.org/fred2/graph/?id=DGS10,# Past performance is no guarantee of future results. 10 -Year Treasury Note yield Jan 1960 to June 2013

20 real interest rate on 10-year U.S bonds Jan 2003 to June 2013 Source: http://research.stlouisfed.org/fred2/graph/?id=DGS10,# Past performance is no guarantee of future results.

21 Education and Medical Prices Skyrocket While Import Prices Drop CPI, Percent Change, 2000 to 2009 Past performance is no guarantee of future results. Bureau of Labor Statistics, Consumer Price Index, Available at: http://www.bls.gov/data/#prices

22 Worker Well-Being Past performance is no guarantee of future results. Based on data from the Census Bureau and the Department of Labor.

23 Past performance is no guarantee of future results. Number of Years It Took for Major Technologies to Reach 50% of American Homes

24 High Technology

25 Guns and Butter: Federal Spending Explodes 1995 – 2010 Past performance is no guarantee of future results. Source: Congressional Budget Office, Historical Budget Data, Available at: http://www.cbo.gov/ Nondefense Defense Billions of U.S. Dollars

26 Where does your federal tax dollar go?

27 High Corporate Taxes Make the U.S. Uncompetitive U.S. Corporate Tax Rate v. Average for Developed Countries Past performance is no guarantee of future results. Note: The bars are the average tax rate in the rest of the world. Source: OECD Tax Policy Analysis

28 1970 1975 1980 1985 1990 1995 2000 2005 2012 Past performance is no guarantee of future results. Gold Price January 1970 – January 2013 Reagan -28% Bush 4% Clinton -19% Bush 236% Carter 316% Nixon/Ford 276% Obama 46%

29 Economic Freedom and Income Source: EFW 2012, Exhibit 1.7.

30 Past performance is no guarantee of future results. Free Countries are Wealthier and Healthier

31 Source: Federal Reserve Bank, Nominal Major Currencies Dollar Index Past performance is no guarantee of future results. Dollar at Record Lows Dollar Index, August 2000 – November 2012 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Major Currencies Dollar Index Number

32 National Debt by President and Control of Congress Source: http://advisorperspectives.com/dshort/updates/Debt-Taxes-and-Politics.php?federal-debt-to-gdp-politics-update

33 Actual vs. Expected unemployment rate: 2009-2013 UNDER PRESIDENT OBAMA Source: "The Job Impact of the American Recovery and Reinviestment Plan," 2009, president's Council of Economic Advisers; Bureau of Labor Statistics, Labor Department. Graphic: The Washington Post. Published Oct. 7, 2011


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