Showing posts with label Tax Cuts. Show all posts
Showing posts with label Tax Cuts. Show all posts

Monday, August 30, 2010

GET THE HELL OUT JAMIE DIMON, AND TAKE THE REST OF YOUR CORPORATE ASSHOLE FRIENDS

If I were the President of the United States of America, this is what I'd say to those big corporations and CEOs:
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"I’m tired of all you corporate fat cats bitching and moaning. Especially you Jamie Dimon. **

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You have a problem with paying taxes? Renounce your US citizenship, take your fat asses and incorporate (have your base of operations) outside the United States in some place like socialist Europe or communist China/Russia, or the dangerous Middle East and have them protect your sorry butts. I say this because we all know that when we say "we go to war to protect America's interests", what we're really talking about is protecting corporate interests. Men and women in the military have died to protect your fat asses. Many when they come home have no job to go to. Yet you continue to outsource jobs, and sit in your nice comfy homes/mansions ... enjoying the best that life has to offer.


You're weak and soft and refuse to stand on your own two feet without the aid of the mighty U.S. military and tax payer money. The sorry lot of you make me sick to my stomach.

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Now let me tell you why you and your friends won't renounce your US citizenship and incorporate (have your base of operations) outside the United States.

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1. You won’t do it because you’re afraid the communists will seize your companies, and/or the Europeans (who don't trust you) won’t want to protect your sorry butts or even have enough money to support your sorry butts.

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2. One of the reasons some Europeans don’t want you to incorporate (have your base of operations) in their country is because you pose a national security risk; PLUS without our help, you’ll drain their coffers dry protecting your lying, scheming, outsourcing asses.*

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3. As for the Middle East, ... do I even need to tell you why you would never renounce your US citizenship and try to incorporate (have your base of operations) there?

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That’s why for all your bitching and moaning, you will stay right where you are, pay your freaking taxes [let the Bush tax cuts expire] and shut the hell up."

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September 8, 2010

Dylan Ratigan on the economy and tax cuts

(can also be seen HERE)


Visit msnbc.com for breaking news, world news, and news about the economy




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On the Bush Tax Cuts (September 3, 2010)

Hardball with Chris Matthews (also viewed HERE)


Visit msnbc.com for breaking news, world news, and news about the economy


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UPDATE: SEPTEMBER 6, 2010


Now you, Jamie (and your asshole friends), could all incorporate (move your base of operations) on some big island in the Pacific; however, you'd have to pay for your own private army (that will eat into your budgets and cut your profits and bloated CEO pay). Plus, if the Europeans and Americans (and rest of the world) are smart, they will make you pay a heavy price (mucho money) to do business in their country.


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UPDATE: September 8, 2010


I have a perfect solution for helping the small business owner. We're going to stop all the corporate (welfare) subsidies to most large corporations and give those subsidies to (American) small and midsized businesses/sub chapter S, and other (American) corporations who help rebuild our infrastructure, invest in a green economy and also invest in great research and development projects, and who provide well paying jobs that cannot ever be outsourced.


Last, reduce or remove our troops in various parts of the world that are causing a huge national security risk because of our presence there; and also reduce and/or merge national security agencies that are dysfunctional and mismanaged and make them functional.

Many of these agencies are jealous of other agencies, and thus, refuse to share information. And then there are the companies that are in the spying and warfare game strictly for profit allowing corrupt individuals to thwart efforts to crack down on crime, etc.; and they themselves, by virtue of their corrupt and/or criminal behavior, create national security problems for us, and a huge backlash against Americans.

Because of conflicts of interest, inability to analyze data and share it, mismanagement, corruption, jealousy and the outrageous number of law enforcement and national security networks, I think it has made us less safe.”


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UPDATE: September 8, 2010 (aired September 7, 2010)

Dylan Ratigan on banks, insurance companies and the economy


Visit msnbc.com for breaking news, world news, and news about the economy


Above video can also be seen Here




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**CEOs' Anti-Obama Slams: President Compared To Hitler, Mussolini & More (PHOTOS)

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*Outsourcing Jobs Spinning Out of Control, (October 20, 2009, Michele Gilman)

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***FORTUNE 50, 500, 1000, 5000 COMPANIES

FORTUNE 1000


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*JP Morgan Chase settles Enron lawsuit (Forbes, 6/14/2005)
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Greedy Bankers Are Like Coke Fiends | Economy | AlterNet (November 4, 2010 , by Tony Schwartz)
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-TO BE FURTHER EDITED
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Friday, February 27, 2009

OPEN RESPONSE TO CNN

This morning you said a word that Republicans know Americans react negatively to. I’ve heard that word every time a Republican wants to stir up trouble and lie to the American people. That word is “welfare”.

You now have used that word and have become a “mouth piece” for the Republican Party. Shame on you.

The government has always extended a helping hand to those people in need. Always … whether it was under a Republican administration or a Democratic administration … and as we know, over the past 40 years, there have been more Republican administrations than Democratic.

The Madoff types have used ponzi schemes and Wall Street introduced shady financial instruments which helped bring down this Nation. The oil companies made huge profits, CEO's made excessively huge bonuses, stock options, etc. no matter what the company's profits were. Republicans have consistently given favors (welfare) to the rich. You don’t call that welfare … you CNN, and Republicans and a lot of brainwashed people call it farm subsidies, tax cuts for the wealthiest Americans, preferential treatment to corporations by enacting laws that benefit them, deregulation, etc., etc. Those words sound nicer than “welfare”.

The President will let the Bush tax cuts (that favor the wealthiest Americans) expire and reset those taxes to where it was during the Clinton administration … no longer favoring the rich (no longer providing welfare to those who don't need it).

For some reason, CNN, you always give more credibility to Republicans over Democrats. I wonder what media conglomerate (recipients of corporate “welfare”) you belong to?

If you continue to use those politically and negatively charged words, I will urge my blog followers, friends, family, and club members to watch C-SPAN or Discovery or History Channel or just turn off the television.

Again, shame on you.
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I want all you "fat cats", Republicans, CEO's, management of large corporations, the "2% who control 80% of the wealth" in this country ... all of you to wake up and realize that the American people voted for Democrats ... defenders of low-income and middle-income workers, the poor and the sick (those Americans who represent the majority of Americans).

Thursday, January 29, 2009

REPUBLICAN STRATEGY TO DERAIL STIMULUS PACKAGE AND FIRE UP THEIR BASE

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Ok readers ... our group has set forth a strategy. We're not going to let you know what it is right now; but, we'll let you know if it works.
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Did you notice that the Cato Institute [a conservative think tank], fueled by right-wing Republicans and some conservative groups, has a big spread this morning talking about more tax cuts being the way to improve the economy and they're running tons of ads trying to convince you they are right. Well, in case you don't remember, Republican economic policy (which included tax cuts) along with Republican foreign policy and lack of regulation and oversight has driven us into this mess. Remember? That's why you voted for change.
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That said, tax policy that allows for tax credits and tax incentives [not tax cuts] for businesses is much healthier.
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Now, if you combine massive infrastructure spending with tax credits and tax incentives for businesses, we're headed in the right direction.
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Let's see if our government does the right thing. Hey people, government is us ... speak up!
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Wednesday, January 28, 2009

REPUBLICANS CONTINUING TO MISLEAD THE PUBLIC ABOUT THE CBO, JAPANESE STIMULUS PLAN AND TAX CUTS

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First let me give a Kudos "shout out" to "Morning Joe"'s frequent guest, Dylan Ratigan and to CNBC's Maria Bartiromo for their insightful and enlightening remarks this morning. We need more people getting angry with what's going on in the financial world, in corporations, and in the Congress and the Senate. You guys keep up the good work; and I urge citizens/consumers to keep a "watchful eye" on these entities and hold them accountable.
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"Rolling Stone" writer claims no one came forward to address corruption regarding Blagojevich. Not true ... Jesse Jackson Jr. did speak to certain federal investigators when the Governor asked for a donation of $25,000 from Jesse in exchange for hiring his wife. Kudos to Jesse.
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Yesterday, I sent quite a few emails to the House and the Senate dealing with myths, lies and half-truths.
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1. Republicans state study by CBO shows vast majority of money in stimulus package won't be spent until after 2010.
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The facts:
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"Reports of a recent study by the Congressional Budget Office, showing that the vast majority of the money in the stimulus package won't be spent until after 2010, have Democrats on the defensive and the GOP calling for a pullback in wasteful spending.
Funny thing is, there is no such report.
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"We did not issue any report, any analysis or any study," a CBO aide told the Huffington Post.
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Rather, the nonpartisan CBO ran a small portion of an earlier version of the stimulus plan through a computer program that uses a standard formula to determine a score -- how quickly money will be spent. The score only dealt with the part of the stimulus headed for the Appropriations Committee and left out the parts bound for the Ways and Means or Energy and Commerce Committee.
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Because it dealt with just a part of the stimulus, it estimated the spending rate for only about $300 billion of the $825 billion plan. Significant changes have been made to the part of the bill the CBO looked at. ..."

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See entire 1/23/08 post at:
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2. Republicans claim that stimulus didn't work with the Japanese therefore it won't work now.
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The facts:
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The Journal [conservative "Wall Street Journal"] editorial listed stimulus policies enacted by Japan between 1992 and 1999 and concluded that "Japan's economy grow [sic] anemically over that decade, but as the nearby chart shows, its national debt exploded ... Now we're told that a similar spending program -- a new New Deal -- will revive the U.S. economy. How do you say 'good luck' in Japanese?"
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Contrary to the Journal's suggestion that stimulus spending was ineffective in Japan, Adam Posen, deputy director of the Peterson Institute for International Economics, wrote in his September 1998 book, Restoring Japan's Economic Growth, that "the 1995 stimulus package ... did result in solid growth in 1996, demonstrating that fiscal policy does work when it is tried. As on earlier occasions in the 1990s, however, the positive response to fiscal stimulus was undercut by fiscal contraction in 1996 and 1997."
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He concluded:
Similar contractions undertaken both openly and by hidden means in 1994, 1996, and 1997, with reference to announced but unimplemented spending, had destructive effects. Future government packages must recognize that when the Japanese government paid for fiscal stimulus in 1995, it got economic growth, and that when it mistakenly pursued fiscal austerity in most of the remainder of the 1992-97 period, it got economic contraction.
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A 1999 budget brief from the Japanese Ministry of Finance demonstrates that the consumption tax was indeed increased from 3 to 5 percent in 1997. Other economists and media figures agree with Posen that the positive effects of the mid-decade stimulus packages were curtailed by these attempts to scale back spending and increase sales taxes.
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For the entire December 22, 2008 article:
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3. John McCain says broadband spending will not stimulate the economy.
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The facts:
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Rachel Maddow caught John McCain stating (during the campaign) that spending on broadband would stimulate the economy. She even played the video with those words flowing out of his mouth.
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4. Republicans claim that (supply side, etc.) tax cuts help stimulate the economy more than spending. They have even front loaded up the Internet search engines directing you to blog posts and articles (that were non existent a few days ago) that repeat distorted/misleading assumptions, trying to sway you to their side.
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The Facts:
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Go to:



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Tune into GRITtv with Laura Flanders
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Tuesday, January 27, 2009

THE STIMULUS PLAN, GUANTANAMO BAY AND CATERPILLAR

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I'm tired of hearing half-truths and out and out lies.
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Regarding the Family Planning portion of the Stimulus package:
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According to Think Progress (which I trust more than Republican "speak")
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"As usual, in addition to throwing out insults, conservatives are distorting and simplifying the facts.
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Here is the actual text from the stimulus package’s summary:
State Option to Cover Family Planning Services. Under current law, the Secretary has the authority under section 1115 of the Social Security Act to grant waivers to states to allow them to cover family planning services and supplies to low-income women who are not otherwise eligible for Medicaid. The bill would give states the option to provide such coverage without obtaining a waiver. States could continue to use the existing waiver authority if they preferred.
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Like other portions of the stimulus bill, this measure would not only
aid states, but also provide preventative, cost-saving health care to help low-income women support their families and keep working. It focuses on access to recommended services and contraception to prevent unplanned pregnancies and promote maternal and infant health — not abortion. ThinkProgress has learned that an upcoming Congressional Budget Office report estimates that this change would save $200 million over five years and $700 million over 10.
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No one would be forcing states to pay for family planning services. States can now cover low-income women if they get a state waiver, but approval can take a long time. Despite these bureaucratic hassles,
27 states have already “obtained federal approval to extend Medicaid eligibility for family planning services to individuals who would otherwise not be eligible.” This bill would simply allow states to skip the administrative delays."
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This stonewalling, tax cut focus by Republicans and Blue Dog Democrats, or do nothing attitude by extreme right wing Republicans and some Libertarians, I predict, will cause such a rift between the haves and have-nots, that you will see such civil, social and criminal unrest as you have never seen before.

Are you willing to let more and more Americans lose jobs, lose their homes and be homeless?

There will be rioting in the streets, militant groups springing up [just like in Europe and Asia], people dying needlessly, and the crumbling of this so-called Capitalistic system.

The United States will become more isolated and seen by others as a Nation that cannot even solve its own problems.

That will isolate us even further from the rest of the world.

The next thing you will see is a huge breach in National Security which will give those people who hate us more credibility; that will follow with more military attacks against the United States.

You think this is dire, let those people keep on opposing President Obama, and this Nation may slide into such a deep depression that it may take 20 or more years to recover from, if it ever does recover.
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Regarding Mitch McConnell
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1. He wants the entire stimulus to be about tax cuts.
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2. He claims the stimulus plan is full of earmarks. Not true.
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Concerning Caterpillar’s remarks:

Caterpillar appears to be telling half-truths concerning the language about "buy American". They know that some Americans will continue to buy things produced in other countries. A lot of people can't even distinguish between what is American or foreign imports. The other thing, Caterpillar also has a market in other countries.

Whenever management speaks, it simply means they are afraid of hurting their jobs, their salaries and bonuses.

This just shows me that there is nothing patriotic about business. This is all about profits.

Yes, you must have profits, but how much is enough, and what is management and their work force willing to sacrifice so that the gap between the haves and have-nots doesn't get wider.

You can move your operations to other countries, but there is growing unrest in the rest of the world about this widening gap too. Pretty soon there will be nowhere to run.

President Obama is trying to narrow the gap between the haves and have-nots, stimulate the economy and reach out to the rest of the world to help bring peace and unite us together.

Republicans are narrowly focused as usual, and they are unwilling to sacrifice ... they just want the rest of us to sacrifice.
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On Guantanamo Bay (the myths):
Please go to:
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Friday, January 16, 2009

THINK BEFORE YOU SPEAK MITT ROMNEY

Why oh why did "Morning Joe" have Mitt Romney on their show?
Mitt Romney looks good, presents himself well, and his words flow out of his mouth … but least we forget, he comes from a political perspective and a particular party ideology. What else is the man going to say?

Mitt has a problem with regulation. Regulation works if there are no political ties, greed, corruption and cronyism. Hell, his party appointed most of those regulators who looked the other way. He argues for tax cuts for large corporations. Tax cuts for large corporations in this global market are a no win situation. Large corporations have been flocking to 0% tax havens for some time; and they look for cheaper and cheaper labor costs. They have no sense of patriotism. Pure profit and managerial greed drives them.

I don’t want to get into the “arms” industry, but they bear a huge responsibility in the fighting and unrest all over the world.

Mitt says shareholders should decide about salary and bonuses. Look, most shareholders don’t even look at their proxy statements and most don’t vote. Give me a break; the stockholders who possess the largest block of shares run the show.
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The CEO’s, [management] have run their companies into the ground and still they walk off with huge separation packages, huge stock options and bonuses.
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The small business company or owner is where the business tax cuts should go.

One other thing I want to say separate from Mitt; everyone knows that Bush didn’t inherit a recession. The minute that guy got into office, the stock market started to decline. It rallied back in 2003 and fluctuated until the disaster in 2008. Bush and his "inmates running the asylum" party almost devastated this country.

Last, 9/11 happened on Bush’s watch; and terrorist attacks usually happen in cycles. We saw a more minor attack, in comparison to 9/11, during Clinton’s term. You’ve already seen in 2008 a major attack in south east Asia (India) even before President-elect Obama comes to office.

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