Monday, December 6, 2010

Something to hold us until President Palin fixes everything

The corporate media is trumpeting the rumor that Obama was expecting at least 200,000 new jobs in November instead of 39,000 that were actually created. This is really an odd thing that the numbers could be so wildly wrong. The number of weekly jobless claims certainly didn’t suggest that we had turned any sort of corner on job creation. Rather the number would seem to be made up just to embarrass Obama and add pressure for Democrats to surrender to the Republicans holding unemployment benefits hostage.

The surrender being negotiated by Treasury Sec Tim Geithner would extend tax cuts for billionaires for another two years allowing the Republicans to run in 2012 on the continued bad economy as being Obama’s fault for the lack of “certainty” on the part of the job creating rich. Doubtless President Palin’s first priority will be to make the cuts bigger and permanent, assuming that she doesn’t launch the Armageddon first.

As a stimulus to the economy Obama is also going to accept a 2% cut in the payroll tax for one year. This approach to stimulus is only slightly better than giving the money to the rich. The poor who really need and would immediately spend the money will get little and this will be more than offset by the Republicans driving down wages. The middle class will typically get as much as a thousand dollars on average but again their wages are being driven down as well. The upper middle class and the rich however will each get 2140 dollars (twice that for a couple) on the maximum 107,000 that they are taxed on for Social Security and will not spend it.

The total cost of the proposed tax giveaways will cost more than the per year cost of Obama’s stimulus bill and that was one third tax cuts. The Republicans are guaranteeing that there will be no money for real stimulus programs while continuing to drive up the debt. Obama being desperate for the appearance of some success has finalized a truly stupid free trade deal with Korea further driving down the economy and cutting tariff revenue still further.

In a further giveaway to the really, really rich who can structure their income as capital gains, they will continue to pay an absolute maximum of 15% for the next two years. That is until President Palin reduces it to zero as Bush tried to do. While dynastic wealth will resume paying the “death tax” after a year off, the 35% rate on estates over the 10 million tax free exemption is the lowest since the start of the last Great Depression. President Palin will doubtless do away with the death tax and with all the rapture-ing and mass death going on, this will be very popular. www.prairie2.com

11 comments:

Anonymous said...

That good ol' US political gravity really makes one impressive death spiral.

John Puma

The Pill said...

Impressive. As the Great Capitalist Empire spirals towards oblivion, Obama the enabler (is it failure?)continues his role as accomplice replete with meaningless platitudes for the hapless masses who no longer seem to understand or care whether their bucket is empty or have holes in them.

Most of the rabble are desperate with hope (or is it despair?) that something "good" will come of all this premeditated and perpetrated economic agony.

Meanwhile, the Republicans smiling gleefully, while noisily sharpening their knives, anxiously wait with anticipation to cut into what remains of the marrow of a stupefied populace.

Anonymous said...

You couldn't actually be this retarded...

SanMigMike said...

Funny after being around myself for more than couple of years I even managed to figure out that "trickle down" and other such Republicans schemes are nothing of substance, cute phrases to make the idiots (that's the rest of the people in America after that 2% that have been doing so well). We, after a short time in the '50s and '60s have decided to go back to the robber baron days.

To believe people that wave the flag but don't risk themselves or their kids on what...the third "defining moment of our generation...our chance to defend America"...pity GW could use his influence to get into the Texas Air Guard but not get to Vietnam, poor old Tom was beat out to do his bit by a bunch of "minorities". Funny, I seem to recall that the Army, Navy, Marines and even the Air Force was willing to let people "enlist" during Vietnam. But of course maybe he felt he had to stay home with he family or complete his education like Dick C... Perfectly willing to send others to war but would rather not go himself.

But then we get back to trusting the Neo-Cons. Well, I'd never trust someone that isn't willing to walk the walk. Just like GW's kids had something else to do rather than donning uniform...FDR's sons served and some saw combat...

So we look back at another point in history when Bill of National Review fame decided that most Americans (the ones that did not agree with making the rich richer and letting those that are "born" to the role lead America (also his rich Republican friends)) had too much money and time. So while he was saying draft dodgers were evil (try to think where his kids served during Vietnam) and we all have to stand up and do what is right in this war to stop the Red...he was also busy selling others on trying to get the middle class to screw themselves and enjoy it. TBC

SanMigMike said...

Funny after being around myself for more than couple of years I even managed to figure out that "trickle down" and other such Republicans schemes are nothing of substance, cute phrases to make the idiots (that's the rest of the people in America after that 2% that have been doing so well). We, after a short time in the '50s and '60s have decided to go back to the robber baron days.

To believe people that wave the flag but don't risk themselves or their kids on what...the third "defining moment of our generation...our chance to defend America"...pity GW could use his influence to get into the Texas Air Guard but not get to Vietnam, poor old Tom was beat out to do his bit by a bunch of "minorities". Funny, I seem to recall that the Army, Navy, Marines and even the Air Force was willing to let people "enlist" during Vietnam. But of course maybe he felt he had to stay home with he family or complete his education like Dick C... Perfectly willing to send others to war but would rather not go himself.

But then we get back to trusting the Neo-Cons. Well, I'd never trust someone that isn't willing to walk the walk. Just like GW's kids had something else to do rather than donning uniform...FDR's sons served and some saw combat...

So we look back at another point in history when Bill of National Review fame decided that most Americans (the ones that did not agree with making the rich richer and letting those that are "born" to the role lead America (also his rich Republican friends)) had too much money and time. So while he was saying draft dodgers were evil (try to think where his kids served during Vietnam) and we all have to stand up and do what is right in this war to stop the Red...he was also busy selling others on trying to get the middle class to screw themselves and enjoy it.

TBC

SanMigMike said...

So we started hearing about "death taxes" a none event for most of us. "The terrible burden of taxes" so we saved a few bucks on taxes and now all of a sudden we have crappy roads, crappy schools, and expensive colleges...even the state ones. I could go to a California school, work part time, and a few bucks from the family and get out of school with little or no debt. Try that now. I, and a lot of other Americans that did okay under that deal thought it should go on but those fun loving guys managed to talk enough people that gained from it that they had no responsibility to respond in kind. Kind of like the people that move to an area and want the door slammed behind them...or move to rural area since they like being around the farms and ranches and then want the farms and ranches to change to some sort of scenic treat for them...no crop dusters, no loud farm equipment, no farm workers, no big slow trucks, no bad smells...just post card farms...all that ag stuff lowers land values ya know.

Then free trade...we ship jobs overseas, (to markets that are not really open to American trade) ship cheap stuff back to Wally World (that's the only place the morons can afford to shop since they have to compete with workers in Vietnam, Cambodia and other worker's paradises but still they want some how the business plan to be...pay third world pay...charge first world prices. Don't think that will work in the long run.

Then we can't cripple Wall Street and the banks. They do so much for us...they invest in..well..but then they invest in...well, they play games with money and avoid regulation (since they don't want to be shackled to old fashioned ideas and they are willing to run those risks so they can make the big bucks...then they need those idiot tax payers to bail them out while they keep playing games with money and avoiding doing such silly things as investing in a company that actually makes something or actually provides goods and services...no they would rather create "creative financial products" that they don't really understand and they are sure that suckers they sell the crap to don't understand (if they did they would buy it like a gourmet shops at 7-11!)..if it was understandable they would have the sense to know it is as toxic as anthrax...but of course they don't since they make it confusing and sell to people...so sucker buys their "toxic investment" and in the end the poor old soul, the one viewed with contempt by Republicans and the Wall Street Pros gets to pull their bacon out of the fire and not get to share in any of the saved bacon and can't even get any changes made to avoid the bacon falling in the fire again since capitalism and profit is sacred in our system bu what is good for America and that other 99% of Americans...not so sacred. Funny how some of those that wave the flag the hardest care the least about the real America and real Americans.

No, the ones that are retarded are the ones that are not in that 1% that still believe in the crap that the Republicans are pushing.

If you are a staunch Republican and you hate the current state of the country (and to a lesser degree the world) just take a look in the mirror and thank yourself.

SanMigMike said...

So we started hearing about "death taxes" a none event for most of us. "The terrible burden of taxes" so we saved a few bucks on taxes and now all of a sudden we have crappy roads, crappy schools, and expensive colleges...even the state ones. I could go to a California school, work part time, and a few bucks from the family and get out of school with little or no debt. Try that now. I, and a lot of other Americans that did okay under that deal thought it should go on but those fun loving guys managed to talk enough people that gained from it that they had no responsibility to respond in kind. Kind of like the people that move to an area and want the door slammed behind them...or move to rural area since they like being around the farms and ranches and then want the farms and ranches to change to some sort of scenic treat for them...no crop dusters, no loud farm equipment, no farm workers, no big slow trucks, no bad smells...just post card farms...all that ag stuff lowers land values ya know.

Then free trade...we ship jobs overseas, (to markets that are not really open to American trade) ship cheap stuff back to Wally World (that's the only place the morons can afford to shop since they have to compete with workers in Vietnam, Cambodia and other worker's paradises but still they want some how the business plan to be...pay third world pay...charge first world prices. Don't think that will work in the long run.

Then we can't cripple Wall Street and the banks. They do so much for us...they invest in..well..but then they invest in...well, they play games with money and avoid regulation (since they don't want to be shackled to old fashioned ideas and they are willing to run those risks so they can make the big bucks...then they need those idiot tax payers to bail them out while they keep playing games with money and avoiding doing such silly things as investing in a company that actually makes something or actually provides goods and services...no they would rather create "creative financial products" that they don't really understand and they are sure that suckers they sell the crap to don't understand (if they did they would buy it like a gourmet shops at 7-11!)..if it was understandable they would have the sense to know it is as toxic as anthrax...but of course they don't since they make it confusing and sell to people...so sucker buys their "toxic investment" and in the end the poor old soul, the one viewed with contempt by Republicans and the Wall Street Pros gets to pull their bacon out of the fire and not get to share in any of the saved bacon and can't even get any changes made to avoid the bacon falling in the fire again since capitalism and profit is sacred in our system bu what is good for America and that other 99% of Americans...not so sacred. Funny how some of those that wave the flag the hardest care the least about the real America and real Americans.

Anonymous said...

A giveaway to the so-called rich?
I never knew keeping more of MY hard earned money is a giveaway. ... interesting.

prairie2 said...

Keep more of your hard earned money? Seriously? You think you are being what, ironic? There are only two ways that you can make more than 250k. You either use a much larger portion of the infrastructure that the rest of us pay for because you have a real business, have done well and need to pay back because now you are making a profit which is the only time you are taxed. Or, you are stealing it from the rest of us who do produce things. Further the guy living on minimum wage (which in your ideal world would be even lower) finds his money much harder earned and pays a much higher portion of it in taxes than you besides getting screwed by guys like you at every turn.

Anonymous said...

What an amazing display of misdirection and misinformation.

Let's start with facts ... something you apparently feel very comfortable abusing. We know that the top 2% of wage owners pay 40% of all taxes, and the top 10% pay 70%. Conversely, the bottom 50% pay less than 3% of that cost of infrastructure. Sure shoots that "... larger portion of the infrastructure ..." misdirection, doesn't it?

Since that ".. guy living on minimum wage ..." doesn't pay any income taxes, your whining about his tax load rings pretty hollow, as well.

I would give you a "Nice Try" badge ... but it wasn't, so I won't.

prairie2 said...

Rightwing talking points don't work on somebody who knows the facts.

When you say "the top 2% pay 40% of all taxes" you omit saying "income [taxes]", their share of all other taxes is insignificant. The top 2% hold 44% of the wealth, so you see even by your standards they are under taxed. More importantly they are using the system to increase their wealth while driving down the wealth holdings of the "bottom" 98%. Even if you have significant wealth yourself, I'll bet you are not in the 2% and your wealth is already going away (blaming the liberals I bet). When the big fish run out of little fish to eat they move up the chain. Swim faster, you're next.