Archive for December, 2010

December 17, 2010

No Tax Cuts without Representation

Who will pay? The poor and the middle class will pay. How you ask? Money given to the poor and middle class get spent in the economy creating demand for products and services. They buy food clothing and needed services the necessities to provide for a family not a dime will go into savings. Money given to the wealthy if not spent on luxuries goes directly into their trusts, savings, and ultimately their investments creating no demand for products and services, but does generate fees and commissions for Wall Street. The billions of dollars going to the poor and middle class stimulate economic activity that eventually go to the rich and wealthy in the form of dividends and capital gains, while the billions going to the rich and wealthy increase their wealth even more. It’s a loose loose situation for the poor and middle class. Why? Since our representatives in Washington refuse to have the rich and wealthy pay for their fare share the poor and middle class will pay eventually through increased taxes and cuts in entitlement programs targeted by bi-partisan Democrats and a majority of Republicans. This bill has set the precedent connecting Social Security to the national debt for the first time in our history even though Social Security is the only solvent entitlement program in the Government Budget a 2.6 Trillion Dollar Surplus which pays for itself and those bi-partisan Democrats and Republicans want to raid this trust to again transfer more money to the rich and wealthy. They couldn’t do it by privatizing so they will raid it by connecting it to our deficit budget. 

It has been reported that the 2010 midterms raised 4 billion dollars from donors. Senators and Congressman received 4 billion dollars to get elected. A majority came from the Wealthy and Corporations run by the Wealthy. These donors consider their contributions as an investment because they can’t take a tax deduction. How do you get a return on your investment of a campaign donation? You get an extension of the Bush tax cuts Plus. What is the return? If you just include the Estate Tax and Capital Gains and Dividend savings of 121 billion dollars that’s a return of 3025% over two years to simplify the numbers if you invest 1 thousand dollars for two years your return would be $30,250 dollars after two years. In Washington money talks louder than votes. 

The odds are stacked against the poor and middle class Americans. The Supreme Court ruled 5-4 that Corporations are People under our constitution giving them same rights as you and I. Washington has been taken over by Corporate American, Foreign Influence and Special Interests through our Elected Representatives. We no longer have a representative government. We have a ruling class. This Bill proves that.

Advertisements
December 15, 2010

Crocodile Tears

OK I’ll be the first insensitive to call these teary eyed Republicans out. John Boehner during an interview became overwhelmed with the fact that his grandchildren would have to pay the debts our government is creating with our current spending policies. Here’s a Republican who has been in office for over 16 years who participated in the deregulation of Wall Street, who voted in all the tax cuts for the rich, who voted for two wars costing 1.2 trillion dollars, and who has no compassion for the lower and middle classes. Suddenly gets a jolt of consciousness and is worried about his grandchildren. Not our grandchildren. Let me just ease your pain ladies and gentleman, Congressman Boehner’s grandchildren are set for life, they probably have all their education paid for and very big trusts waiting them.

Mitch McConnell in the senate yesterday got choked up when saying goodbye to Senator Judd Gregg of Republican NH. He too has been in the congress for over 16 years who also participated in the deregulation of Wall Street, who voted in all the tax cuts for the rich, who voted for two wars costing 1.2 trillion dollars, and who has no compassion for the lower and middle classes.

Have these two ever seen a homeless family of four living in the woods eating one meal a day provided by charitable middle class Americans. Where is their compassion for the unemployed who have worked years to achieve success only to find them selves out of work because their legislators decided that war, oil and tax cuts to the rich are more important than the lives of the people they supposedly represent?

One commentator said it right last night. Listen to what they say rather than the image they want to project. Our society depends too much on images rather than, to use the words of Martin Luther King Jr., “the content of their character”.

December 7, 2010

Day in the Life of Joe Middle-Class Republican

By John Gray Cincinnati, Ohio 2004

Joe gets up at 6:00am to prepare his morning coffee. He fills his pot full
of good clean drinking water because some liberal fought for minimum water
quality standards. He takes his daily medication with his first swallow of
coffee. His medications are safe to take because some liberal fought to
insure their safety and work as advertised.

read more »

December 6, 2010

The Great Con Job

If you’re wondering why there is pessimism and suffering in America you only need to look at what the Republican Administrations had perpetrated from 2000 to 2008. Most citizens have lost their faith in the systems provided to us
by our forefathers which guaranteed every American an opportunity to succeed.

Our Electoral Process was manipulated in the 2000 elections. Our presidency was decided by the Supreme Court. This was preceded by a purposeful deregulation of the financial services industry in 1999 with the Gramm, Leach, Bliley Act all of these sponsors were Republican and President Clinton could not veto the bill because the Republicans had a two thirds margin to override his veto.  In 2001 the World Trade Center attack shook America at its foundation which went unrecognized by the Republican Administration at the time to change our priorities as a nation. The propaganda machine of government utilizing our legislators who were controlled by corporate influence provided the media with constant erroneous information to accomplish one objective. Create a diversion in the day to day lives of all Americans in order to transfer the wealth of a nation to the top two percent wealth holders in the United States. While all Americans specifically Joe Middle Class were focused on the nine eleven tragedy and two wars fabricated by the Bush Administration Wall Street and Corporate America were reaping the rewards of the great con.

A picture is worth a thousand words:

Beginning in 1995 until 2007 republicans held a majority in both houses of congress except for the Senate in 107th congress
2001-2003 when it was split 50/50.  Reference:   http://www.infoplease.com/ipa/A0774721.html

Make no mistake when history is written the George W. Bush Dick Cheney Presidency will go down in history as the worst or at least one of the worst presidencies in the history of the United States.

It is now two years later into the Obama Administration with Republicans attributing our economic disaster to President Obama and the democratic controlled congress. If you listen intelligently to Mitch McConnell and John Boehner you wonder how they were elected and whom do they represent. All of their rhetoric borders on lies and nonsense. Their logic defies
rationality.  An example of this creative logic is the tax cuts for the wealthiest 2% of Americans in the United States.
Their argument is that a continued deficit creating tax cuts to the top 2% will create jobs in a recessionary economy. These tax cuts which originally contributed to the deficits and the recession will stimulate jobs growth. The Bush era tax
cuts created 1 million jobs until the election of Obama six months into Obama’s term June 2009 all of those jobs were lost. In affect the Bush era tax cuts lost jobs.

December 3, 2010

Pay back and Tax cuts for the top 2%

What we are experiencing now in Washington is a real example of pay back. The 2010 midterms racked up total campaign spending of 4 billion dollars exceeding the 2006 midterms which raised 2.85 billion dollars. These contributions
represent money given by individuals, small businesses and corporations, to candidates directly or through the DNC, RNC and PAC.

How does payback work you may ask? A prime example is what Republicans are fighting for today in Washington.
Whether it be the Senate or House they are fighting to give the top 2% of our economy seven hundred billion dollars ($700,000,000,000.00) in tax cuts for their investment in their campaigns totaling two billion dollars (2,000,000,000) . If you calculate the return it is obscene at a whopping 35,000% return. To put this in perspective if you invest 10,000 on January 1, 2010 at 35,000% you would get back 3,500,000.00 dollars on December 31st. How many Americans are getting that return on their CD?

All Americans must start to realize that the middle class whether you are Lower, Middle or Upper regardless of party affiliation have been prayed upon by the wealthy and influential. Through Wall Street, Investment Banking, and Insurance Companies and politically controlled Republican representatives’ the wealth of middle class has been stolen by the top 2%. How have they accomplished this? Deregulation of the Financial Services Industry in 1999 was the start. It began in 2000 with the Supreme Court election of George W. Bush and Dick Cheney. The Tax cuts in 2001 and 2003, two wars in 2001 and
2003, all of which were not paid for. The subsequent great depression caused by these irresponsible republican policies and the bail out by the United Sates Government protecting the wealth of our nation of which the cost still undetermined will be added to the debt. The massive debt built because of these irresponsible policies 1 Trillion dollars and growing and the transferring of the wealth to the top 2% is now being asked to be paid for by the middle class through reducing entitlement programs such as Social Security, Medicare, Medicaid, Veterans Benefits freezing pay for  Government Workers and the denying the Unemployed. Basically not only have they ripped us off but now they want us to pay again for that which they stole from us.

The argument for tax cuts being presented by the Republicans is that the top 2% represent small businesses and job creators. Here are some facts 98% of small businesses earns less than $250,000 of taxable income. Most small businesses average return on gross revenues after expenses is 10%  a year. A small business would have to gross 2.5 million dollars to be taxed at an adjusted taxable income over $250,000.00. How many of the mom and pop shops gross 2.5 million dollars? Please read the 2009 SBA report. Effective Federal Income Tax Rates Faced By Small US Small

File Format: PDF/Adobe Acrobat – Quick View

Bottom line Joe the Plummer is not the Small business the Republicans are representing. The top 2% do not represent small businesses or job creators. It’s pay back time by Republican and their integrity is questioned and rightfully so.

%d bloggers like this: