Personal Economics 101

Rep Jim Jordon: Biden's claim that government spending will bring down inflation is stupid. Democrat economic plan of increased lockdowns due to Covid-10, spend like crazy, pay people not to work, and increase taxes on those who do work, may be the four most stupid economic policies ever.  

From the  American Institution for Economic Research Real gross domestic product increased at a 6.5 percent annualized rate in the second quarter, up from a 6.3 percent pace in the first quarter. Over the past four quarters, real gross domestic product is up 12.2 percent, putting the level almost back on trend. Growth in the second quarter was led by consumers. Real consumer spending overall rose at an 11.8 percent annualized rate, beating the strong 11.4 percent rate in the first quarter, and contributing a total of 7.8 percentage points to real GDP growth. The pattern of contributions to growth among the components of consumer spending in the second quarter was the mirror opposite of the first quarter, as the second quarter was led by consumer services, followed by nondurable goods and then durable goods. Spending on services grew at a 12.0 percent rate, contributing 5.1 percentage points to real GDP growth, while nondurable-goods spending rose at a 12.6 percent pace, contributin...

Why are car manufacturers still improving and spending money on combustion engines in the year 2020? Should all development research be going into electric cars and electric vehicle technology? Unfortunate news if you think ICE transportation is going away in the near future to be solely replaced by electric vehicles (EVs). The internal combustion engine is still incredibly relevant today, and can still use further improvements in order to reduce global emissions.  In this video we'll discuss scientific issues facing electric cars, environmental problems with ditching combustion engine research, how cost impacts customer decisions and manufacturer profits, and ultimately how consumer choice plays a large role in this industry. If you've ever wondered why combustion engines are still being developed, this video breaks down all the details.