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Showing posts with the label money

My (late) thoughts on the election and campaign overall.

$1.6052 billion dollars spent on the 2012 presidential campaign just for an Incumbent to return, this is a great waste of money and absolutely screams to the USA that there needs to be some sort of campaign reform, super pacs and celebrities are now given more access to the candidates we the people elect than ever before just because of the enormous sums of money these groups can generate for a presidential candidate. This wasn't the peoples election, it was the 10%s election, and while I am pleased with the result of the campaign, money shouldn't determine the winner, and although I don't believe it did, some data from The New York Times gives some credence to the idea that the more money you have, the more likely you will win. Barack Obama raised $934 million and spent $852.9 million, in contrast Romney raised $881.8 million and *only* spent $752.3 million. Most peoples first question would be... where did the rest of that money go? The answer to that is simple, in Romne...

Why economics is..... well.... a big deal.

http://www.youtube.com/watch?v=HX7fqaxMfJQ&feature=g-hist The link to the video above ( please bare with it being a music video ) shows some real life situations that economics plays a major factor in. Like how expensive movie theater popcorn is, or how Walmart can keep lowering their prices no matter how bad the economic climate seems. This post in particular means a lot to me since I plan on being an econ major ( well international economic affairs major but close enough ) and I have had trouble trying to explain to so many of my friends why they should care about economics. Most of them would say things like "well it's just not stupid to you because you understand it, if you were me you would think it is stupid too." , even if I explain that it effects their everyday life I get the same response. So hopefully this post will persuade one or two who read it and cement the importance of economics to anyone else who reads it. Let's start off with girls who comp...