Those of us who have been involved in property rights battles appreciated Helen Chenoweth-Hage. What a great loss to all of us due to her untimely fatal accident last year. Talk about your dream ticket for the presidential race.

"We are very particular about our conservatives.We like principles and backbone. We elected Helen Chenoweth/Hage and Bill Sali. Helen loved Duncan Hunter and spoke of him often, that is why I loved him before he ever decided to run."

Helen and Duncan had a great appreciation for each other and accomplished much while they were both in congress, especially protecting private property rights.

It was announced this week that the Mt. Soledad Cross, which the ACLU sued to have removed, will in fact remain per the Supreme Court, largely due to the actions of Duncan Hunter.

In a field hearing held by COMMITTEE ON RESOURCES on the Endangered Species act in 1999 in Hemmet, California, Chenoweth and Hunter were in the forefront to protect the average American citizen property owner. They questioned, with little mercy, the bureaucrats who through archaic regulations and unnecessary paperwork were thwarting use of private land by it's legitimate owners. Hunter's comments speak for themselves.

Mr. HUNTER: I think that shows some of the misguided policies, and, Mr. Chairman, I think this falls on our back as well as those of the Administrators. In this effort that is to protect the environment and the perversion that I think we have made of some of the regulations, we have actually damaged the environment. We have massive traffic jams that are a result of people not being able to afford homes in the areas where they work. One reason they cannot afford homes is because we are protecting their environment in the communities where they work. So we have them put out tons of smog on the freeway to get 60 miles away where they can afford a home. So I think that working America has a real stake in seeing to it that we pull back regulation, make it more reasonable and make it more applicable to folks like the gentleman who was in here, Mr. Turecek. I do not know if you saw him, but average people that have pieces of land that they want to develop, to give them a fighting chance at it. Mr. Kading, I appreciate all of the witnesses, but I especially appreciate you being here and laying out the perspective of a working man."

Recently, Hunter has stated this concerning property rights and the Kelo property rights/eminent domain decision by the Supreme Court:

"I am deeply concerned with the Supreme Court’s 5-4 decision greatly broadening local government’s use of eminent domain in Kelo vs. New London and believe it is important that Congress protect the property rights of private landowners and curb the government from excessive regulatory takings. It is for this reason that I voted in favor of expressing the grave disapproval of the House of Representatives regarding the majority opinion in the Kelo case.

Additionally, I cosponsored H.R. 3268 , the Eminent Domain Tax Relief Act of 2005, which abolished the capital gains tax on private property taken by the government through eminent domain. I also voted in favor of a legislative amendment offered to H.R. 3058, the FY2006 Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia, and Independent Agencies Appropriations Act, prohibiting federal funding from being used to improve or construct infrastructure support on lands acquired through the use of eminent domain of private property for private development."

Hunter was awarded the American Farm Bureau Federation Friend of Farm Bureau award for the 105th Congress. The "Friend of Farm Bureau" is given each session of Congress to those members of Congress who were nominated by their respective state Farm Bureau and approved by the American Farm Bureau Federation Board of Directors.

Helen and Duncan worked on other projects such as controlling trade agreements like Nafta and getting out of the World Trade Organization.

Afta NAFTA - "GOP sponsors of the NAFTA Accountability Act in the 104th Congress included such high-profile conservatives as Duncan Hunter, Zach Wamp, Helen Chenoweth, and Gerald Solomon. In a speech before Congress on March 12, 1996, Hunter claimed that between one and five million jobs had been lost to corporate downsizing over the past three years. "We seem to be giving our own country away" through NAFTA, GATT, the World Bank, and foreign adventurism, he said: "billions and billions to other countries while our own people head for the unemployment office or have to settle for jobs in fast-food restaurants."

From March 27, 2000: Rep. Ron Paul (R-Texas) has managed to win seven co-sponsors so far for a resolution that he introduced earlier this month calling on the United States to withdraw from the World Trade Organization. Responding to the congressman's call to co-sponsor the measure, issued in a letter March 10, have been Reps. Helen Chenoweth (R-Idaho), Duncan L. Hunter (R-Calif.)........

This morning we read an article about Diane Alden, who has been an important journalist in the property rights battle and conservatism in general.

The bio on Adlen states, " Diane's heroes include Ronald Reagan, Pope John Paul II, Joan of Arc, St. Padre Pio, Lou Dobbs, the Minutemen, Phyllis Schlafly, Helen Chenoweth-Hage, Barbara Cubin, George Putnam, Marc Bernier, Duncan Hunter, Tom Tancredo, Jeff Sessions, Mark Kirkorian, Frank Gaffney, Steve Farrell, Peter Brimelow, William Hawkins, her dad Neil Alden, as well as the unsung heroes who have blogged and supported real conservatism and American interests as opposed to the partisan or corporate variety. Most particularly her heroes include the men and women of the Armed Forces of the United States who lay it on the line every single day." [snip]

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Business Cycle Expansions and Contractions

US Business Cycle Expansions and Contractions ¹

Contractions (recessions) start at the peak of a business cycle and end at the trough.

Please also see:

November 26 announcement of business cycle peak.
Latest announcement on how the NBER's Business Cycle Dating Committee chooses turning points in the Economy and its latest memo, dated 10/21/03
Press citations on NBER Business Cycles
Historical data: Excel HTML PDF

BUSINESS CYCLE REFERENCE DATES		DURATION IN MONTHS
Peak	Trough	Contraction	Expansion	Cycle
Quarterly dates are in parentheses		Peak to Trough	Previous trough to this peak	Trough from Previous Trough	Peak from Previous Peak
June 1857(II) October 1860(III) April 1865(I) June 1869(II) October 1873(III) March 1882(I) March 1887(II) July 1890(III) January 1893(I) December 1895(IV) June 1899(III) September 1902(IV) May 1907(II) January 1910(I) January 1913(I) August 1918(III) January 1920(I) May 1923(II) October 1926(III) August 1929(III) May 1937(II) February 1945(I) November 1948(IV) July 1953(II) August 1957(III) April 1960(II) December 1969(IV) November 1973(IV) January 1980(I) July 1981(III) July 1990(III) March 2001(I)	December 1854 (IV) December 1858 (IV) June 1861 (III) December 1867 (I) December 1870 (IV) March 1879 (I) May 1885 (II) April 1888 (I) May 1891 (II) June 1894 (II) June 1897 (II) December 1900 (IV) August 1904 (III) June 1908 (II) January 1912 (IV) December 1914 (IV) March 1919 (I) July 1921 (III) July 1924 (III) November 1927 (IV) March 1933 (I) June 1938 (II) October 1945 (IV) October 1949 (IV) May 1954 (II) April 1958 (II) February 1961 (I) November 1970 (IV) March 1975 (I) July 1980 (III) November 1982 (IV) March 1991(I) November 2001 (IV)	-- 18 8 32 18 65 38 13 10 17 18 18 23 13 24 23 7 18 14 13 43 13 8 11 10 8 10 11 16 6 16 8 8	-- 30 22 46 18 34 36 22 27 20 18 24 21 33 19 12 44 10 22 27 21 50 80 37 45 39 24 106 36 58 12 92 120	-- 48 30 78 36 99 74 35 37 37 36 42 44 46 43 35 51 28 36 40 64 63 88 48 55 47 34 117 52 64 28 100 128	-- -- 40 54 50 52 101 60 40 30 35 42 39 56 32 36 67 17 40 41 34 93 93 45 56 49 32 116 47 74 18 108 128

Average, all cycles: 1854-2001 (32 cycles) 1854-1919 (16 cycles) 1919-1945 (6 cycles) 1945-2001 (10 cycles)		17 22 18 10	38 27 35 57	55 48 53 67	56* 49** 53 67

* 31 cycles ** 15 cycles

Source: NBER

The determination that the last contraction ended in November 2001 is the most recent decision of the Business Cycle Dating Committee of the National Bureau of Economic Research.

Announcement dates: The November 2001 trough was announced July 17, 2003.
The March 2001 peak was announced November 26, 2001.
The March 1991 trough was announced December 22, 1992.
The July 1990 peak was announced April 25, 1991.
The November 1982 trough was announced July 8, 1983.
The July 1981 peak was announced January 6, 1982.
The July 1980 trough was announced July 8, 1981.
The January 1980 peak was announced June 3, 1980.

Other Related Press Releases:December 21, 1990
December 31, 1979
October 25, 1979
July 27, 1979

The NBER does not define a recession in terms of two consecutive quarters of decline in real GDP. Rather, a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. For more information, see the latest announcement on how the NBER's Business Cycle Dating Committee chooses turning points in the Economy and its latest memo, dated 07/17/03.

Source:

Public Information Office

617-868-3900

Permission to copy is granted, provided credit is given

That was some stable economy during the gold standard. LOL!

Now what does this table show me ?

More cycles in ancient times ?

Does this prove that the economy in ancient times was much smaller - based on less people - less value - less tricky statistics ?

Or does this proove the gold standard didn’t work out ?

I guess it’s much to shallow for both.

It still seems the fed is caught between saving the big banks.

We’d have more stability either by more disciplined senators (they influence(d) the fed) or by a fool proof monetary system.

I can only imagine coupling it to gold - or maybe to plutonium.

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