Gut Check Time for Conservative Cliff Jumpers | Synopsis

Gut Check Time for Conservative Cliff Jumpers

Video clip from a Tea Party 2011 tax day protest by Fibonacci Blue
License (according to Flickr): Attribution License

Excerpt:

-- A surprised House Republican who had been an opponent of Speaker John Boehner’s “Plan B” plan for the “fiscal cliff” talking to Power Play about Boehner’s decision to cancel a vote on the measure. If Power Play had told you four years ago that President Elect Barack Obama today would be on the precipice of getting the full rollback of the Bush-era tax cuts coupled with deep defense cuts, it would have sounded like a liberal fantasy. If Power Play told you that he would be able to blame Republicans for this multi-trillion-dollar tax hike and Pentagon punch it would have sounded like a conservative nightmare.

Concepts:

Barack Obama Democratic Party Republican Party President of the United States George W. Bush United States presidential election, 2008 Illinois John McCain

People:

Barack Obama

Overall Sentiment: -0.120869

Relevance: 0.885183

Disambiguation: Politician | President | Appointer | AwardWinner | Celebrity | PoliticalAppointer | U.S.Congressperson | USPresident | TVActorReferences:

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• Barack Obama: dbpedia
• Barack Obama: freebase
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John Boehner

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Charles Krauthammer

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Disambiguation: AwardWinner | TVActorReferences:

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Chris Live

Overall Sentiment: 0

Relevance: 0.129727

Bret Baier

Overall Sentiment: 0.265207

Relevance: 0.127206

Chris Stirewalt

Overall Sentiment: -0.0395076

Relevance: 0.125494

Additional Info:

Organization: Republican Party

Overall Sentiment: -0.160379

Relevance: 0.333927

Disambiguation: PoliticalPartyReferences:

• Republican Party (United States)
• Republican Party (United States): dbpedia
• Republican Party (United States): freebase
• Republican Party (United States): umbel
• Republican Party (United States): opencyc
• Republican Party (United States): yago

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If Power Play had told you four years ago that President Elect Barack Obama today would be on the precipice of getting the full rollback of the Bush-era tax cuts coupled with deep defense cuts, it would have sounded like a liberal fantasy.

Site Provided Title:

Gut Check Time for Conservative Cliff Jumpers

URL Provided Keywords:

• Barack Obama
• Charles Krauthammer
• Fox News
• government spending
• John Boehner
• obama
• Politics
• tax cuts
• the nation
• the time
• White House

Data Sources

Full Content: http://feeds.foxnews.com/~r/foxnews/politics/~3/XkKi2JS203g/

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Consumer spending rose 0.4 percent in November | Essentials

Consumer spending rose 0.4 percent in November

Federal Reserve Bank of New York Building by epicharmus
License (according to Flickr): Attribution License

Excerpt:

Wages and salaries rose $41. 1 billion in November. Sandy had reduced wages at an annual rate of $18. 2 billion in October. Spending had fallen 0. 1 percent in October compared with September. With income rising faster than spending, the saving rate rose to 3. 6 percent of income in November, up from 3. 4 percent in October. Economists remain concerned that income growth is too weak to support sustained increases in spending, especially at a time when Americans are worried about possible tax increases in the new year from the "fiscal cliff." That's the name for automatic tax increases and spending cuts due to take effect in January unless Congress and the Obama administration reach a budget deal before the new year. Consumer spending is closely watched because it accounts for about 70 percent of economic activity.

Keywords:

percent spending annual rate consumer spending percent growth rate tax increases fiscal cliff economists percent increase possible tax increases automatic tax increases quarter substantially improved job spending cuts overnight lending rates monthly bond purchases government spending saving rate unemployment rate short-term interest rate income sustained increases October-December quarter January-March quarter July-September quarter income growth Obama administration budget deal economic activity major equipment National Association Business Economics latest forecast economic growth policy meeting current level Federal Reserve budget debate long-term interest rates wages economy time Congress improvement salaries 18.2 Sandy inflation Uncertainty analysts

People:

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Additional Info:

Organization: Congress

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Relevance: 0.737721

Organization: Obama administration

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Relevance: 0.737389

Organization: Federal Reserve

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Relevance: 0.581169

Disambiguation: References:

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Organization: Fed

Overall Sentiment: 0.0289645

Relevance: 0.526742

Organization: National Association for Business Economics

Overall Sentiment: 0

Relevance: 0.514886

URL Meta Tags Info

Site Provided Title:

Consumer spending rose 0.4 percent in November

Webpage Provided Desc:

Also, personal income jumped 0.6 percent, the biggest gain in 11 months

URL Provided Keywords:

• consumer sentiment
• consumer spending
• economy
• money
• november

Source : Click Here

Data Sources

Full Content: http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/wLzQKyD7JlU/

Source