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Archive for the ‘Tax cut economics’ Category

America. You’ve had almost 8 years of Dubya looking you right in the eye and lying to you. You had every reason to get rid of him before his re-election, yet some of you blindly believed in the President. “He wouldn’t mislead us”, you probably told yourself.

I bet those of you who fit in this category believe ‘ole Dubya” when he said (today) that the US is not in a recession. He says we’re just in a slow down.

You need to take a look at a post I’ve got in my tax cut economics category for a wake up. Last month, I predicted this statement would be coming out of his mouth fairly soon.

If you want more punishment for your stupidity, a vote for Clinton or McCain gives you what you want. They have a proven track record of being the type of people who have no problem looking you right in the eye and lying to you.

Be it related to an issue concerning our national security or a just a regular old presidential stump speech appearance, they’ll tell you what they think you either want to hear, changing their previously touted position in the blink of an eye; or tell you what they need to in order to either stoke fear in you or to clean up something they said that exposed them for the lying souls they really are.

I don’t live in a small town now. I don’t own a gun and I keep my religion to myself. But yes I’m bitter. I’m originally from a small town called Bitter City (Gary) Indiana. I know what being bitter is like living in a small town that has got the short end of the stick year after year after year.

I’ll just say that, collectively, this country has worked very hard to make it what it has been. In spite of all it’s transgressions, it’s still been the land of opportunity.

We have a new opportunity to add to the legacy of those of the past (all races, creeds and colors) who shed blood in all aspects of historic struggles that shaped our democracy.

If only so many were so aware of this.

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I was watching what I believe was the Republican candidates for Governor of NC debate last night. What I find appalling is for the candidates to continue to state that less government leads to increased economic stimulus from business, which leads to more jobs and thus improved living standards in the/your community.

Well, the past six years (minus 2007 and the beginning of 2008) has shown just what having Republicans in control of the U S Senate and House provides when they offer up their tax break for business/rich people so the economy will grow and create more jobs philosophy.

  • A RECESSION!
  • MORE JOBS LOST THEN CREATED THAN AT THE START OF THEIR REGIME
  • HIGHER INFLATION
  • HIGHER FOOD COSTS
  • HIGHER PRICES ON EVERYTHING
  • MORE MONEY IN THE POCKETS OF THE UBER RICH TO SPEND ON TRIPS IN MONACO
  • LESS MONEY IN THE POCKETS OF THE UPPER MIDDLE/MIDDLE/LOWER CLASSES TO SPEND ON THINGS THAT ACTUALLY GROW OUR ECONOMY
  • PEOPLE LOSING THEIR JOBS TO PEOPLE IN INDIA
  • MORE PEOPLE LOSING THEIR JOBS TO PEOPLE FROM INDIA UNDER H1B IN THE U.S.
  • PEOPLE LOSING THEIR JOBS AT RECORD PACES TO NEAR SLAVE LABOR RATE MANUFACTURERS IN CHINA
  • PEOPLE LOSING THEIR JOBS TO LOW WAGE WILLING ILLEGAL IMMIGRANTS IN A TOWN NEAR YOU
  • MORE MERGERS OF MEGA CORPORATIONS CREATING MONOPOLIES AND LESS COMPETITION
  • RISING CEO PAY ( 100’S OF MILLIONS), THOUGH THEIR COMPANIES LAY OFF THOUSANDS OF U.S. WORKERS
  • MORE COLLEGE EDUCATED PEOPLE HAVING TO TAKE PAY CUTS FOR NEW JOBS LIKE CIRCUIT CITY OR SALES BECAUSE THEY WERE LAID OFF THEN TOLD THROUGH THE PRESS THAT THE TECHNOLOGY COMPANY THAT LAID THEM OFF CAN’T FIND QUALIFIED U.S. APPLICANTS SO THEY HAVE TO BRING IN PEOPLE FROM INDIA VIA THE H1B PROGRAM
  • THE HIGHEST GAS PRICES EVER SEEN IN THE U.S.
  • THE HIGHEST PROFITS OIL COMPANIES HAVE EVER SEEN
  • THE HOUSING SUBPRIME DEBACLE
  • THE BAIL OUT BY THE GOVERNMENT OF BUSINESSES TIED TO THE STOCK MARKET
  • HURRICANE KATRINA
  • COPORATE SCANDAL LIKE ENRON
  • THE MOST EMBARRASSING PRESIDENTIAL ADMINISTRATION IN MY LIFETIME (I BETTER NOT EVER HEAR ANYONE COMPLAIN ABOUT JIMMY CARTER AGAIN)
  • I WON’T EVEN MENTION AN UNJUSTIFIED WAR (FOR MONEY FOR THE UBER RICH THROUGH GOVERNMENT CONTRACTS; AND JUST WHERE DOES THOSE IRAQ OIL SALES GO TO ?)

I thought tax breaks that Republicans (including John McCain) want to make permanent helps create a robust economy. LISTEN FOLKS, the current administration is stalling, holding off as long as they can from stating the U.S. is in a recession so they can say after 2008 that no official word was ever given that the U.S. went into a recession in 2008 or 2007. KARL ROVE POLITICS BABY!

The tax breaks did nothing but tank the economy. WHEN A U.S. BIG BUSINESS IS GIVEN A TAX BREAK, THEY DON’T REINVEST THE BREAKS (MONEY) INTO THE COMPANY IN ORDER TO CREATE MORE JOBS! LIKE A CO-WORKER OF MINE ONCE TOLD ME, U.S. BUSINESSES AREN’T IN THE BUSINESS OF CREATING JOBS! THEIR IN THE BUSINESS OF MAKING MONEY! PRIMARILY THROUGH THEIR STOCK PRICES! THEY TAKE THE MONEY FROM TAX BREAKS AND SPEND IT ON THEMSELVES ( LIKE TRIPS TO MONACO OR GOLD SHOWER CURTAIN RINGS OR SOMETHING)

6 OF THE 7 PAST YEARS HAVE PROVED THIS. The Republicans had control of the US Senate, The House and the Presidency! They had what they wanted. Remember the Contract with America? It was the contract with American Businesses, not with you, Joe U.S. Citizen!

They have the gall to make political speeches about liberals. Republican Joe’s have the audacity to say the word “liberal” with such disgust when referring to a Democrat. THEY ARE THE DISGUSTING ONES. SCREW LIBERAL AND CONSERVATIVE MONIKERS PEOPLE!

You’ve got these idiots who just lost value in their home, or their jobs, or have seen their grocery bills and gas bills skyrocket, yet they still drive around with a “W” sticker on the back of their SUV’S and still proudly claim to be a Republican and that their “Republican Values” are better than yours.

Back to the candidates; These Republican candidates were so absolute in their tone when stating how out of touch the Democrat candidates are with reality on how to run this state effectively. Like anything less than a Republican Governor would be uncivilized (add the Grey Poupon tone).

The sad part about it is, THEY MIGHT BE RIGHT! The Democrats in this State are as corrupt as any Republican. All I got to tell you is to look up political scandal in the State of NC the past 6 or 7 years and see what I mean.

BUT I KNOW ONE THING, THEY (REPUBLICANS) ARE CERTAINLY NO BETTER AND I’LL SAY FAR MORE CORRUPT.

The one from Johnston county kept talking about how he know’s business because he owns one ( a construction business with a bunch of illegal immigrants as employees I bet; to cut costs) and how he cut something in Johnston County by like a million dollars.

These fools actually want the State Government Smaller! NC State Government Services already suck!

I can’t even get my driver’s license renewed without having to wait in line for an hour, then wait another hour to be serviced, all in all taking 3 hours to get a new address on my drivers license! IT’S BECAUSE THEIR UNDER STAFFED! BECAUSE SOME FOOL SURELY CREATED A BILL IN THE STATE LEGISLATURE TO CUT THE BUDGET OF THE DMV TO MAKE GOVERNMENT SMALLER! And that was probably, gulp, A N.C. DEMOCRAT SENATOR!

ARRRRRRRRRRRRRRRRRRRRGGGGGGGGGGGGGGGGGGGGGGGGHHHHHHHHHHHHHHHHHH!

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Seeing what happened to Bear Stearns, and how the Federal Reserve stepped in to give them cash, I believe Republicans in charge of cabinets such as The Department of Treasury are scrambling to prevent what is eventually going to come to fruition. Their views/policies/skills on how to run/manage things are poor. Their time as the majority party in congress was/is a failure of enormous, embarrassingly proportions.

From corporate scandals (see Enron through Bear Stearns and CEO pay), the war in Iraq (See federal contract fraud) to Hurricane Katrina, the display of their ineptness is tremendous. The most aluring thing about this turn of events is there are no scapegoats they can blame on their performance.

Can’t blame it on welfare moms.

Can’t blame it on affirmative action

Can’t blame it on Democrat’s (though they’ll somehow try- see Newt Gingrich/Karl Rove/Bill Kristol comments in about a year or so)

Can’t blame it on the moral decay of the society

Can’t blame it on abortion supporters

Can’t blame it on middle class tax cuts

Can’t blame it on Democrat spending that causes a deficit (The Republicans have been the kings of spend)

Can’t blame it on excessive punitive damage lawsuits

Can’t blame it on black men

Can’t blame it on the boogie (I had to say that:))

And they certainly aren’t going to own up to the fact that while some of them are smart people, their deviousness/greed/flawed white supremist ideology is just plain wrong!

And their deviousness/greed/flawed white supremist ideology and actions have placed this country, MY COUNTRY, in a state of peril. the dollar is going the way of the peso. Corporations are now seeing that sending jobs overseas leaves no one in America to buy the Chevrolets and the GE appliances. People in the developing countries are not going to buy a GE flat screen TV or a Chevy Impala. They buy Toyota’s, Hondas, Mercedez, and Bmw’s .

Jim Bob in rural NC or Hunter in Denver, Co. were the only ones buying Humvee’s and Chevy’s and they can’t now because they either had to take a pay cut or were laid off. Jim Bob was a construction supervisor only to be replaced by Perdro, the underling who speaks enough English to understand the construction superintendent and also speaks Spanish, so he can also communicate with the illegal employee’s who the owner has hired as laborers.

THEY (BUSH APPOINTEES) ARE DOING WHAT THEY CAN TO PROP UP THE ECONOMY SO THAT IT’S COLLAPSE WILL HAPPEN IN THE FIRST TERM OF THE NEXT PRESIDENCY. THEY ARE ALSO DOING THIS IN IRAQ.

This gives them the potential ability to blame the next administrations first year policies on the economic collapse of the US and the IRAQ collapse.

Wrong, most of the time, loses. I don’t care how articulate one is and how good at spin they are, right is right and wrong is wrong. Ones true colors always comes out in the end.

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