The "Fiscal Cliff" Is a Hoax ... and a Mel Brooks Routine (tags)
The "fiscal cliff" comedy routine in Washington DC is a staged act where Democrats play the "good cop" who want to tax the rich and cut social welfare programs vs. the "bad cop" Republicans who don't want to tax the rich and promise heavy cuts on social welfare programs. Where is the voice of reason that says maybe this so-called fiscal cliff isn't really such a big deal after all?
Report from the move on #wiunion demo (tags)
Live from the demo
Imperial America's End Time (tags)
not imminent but coming
Ruling on Behalf of Wall Street's "Super Rich": The Financial End Time has Arrived (tags)
"Alas, the Obama administration has backed the Geithner-Bernanke policy that “the economy” cannot recover without saving the debt overhead. The reality is that it is the debt overhead that is destroying the economy. So we are dealing with the irreconcilable fact that the Obama position threatens to lower living standards from 10% to 20% over the coming few years – making the United States look more like Greece, Ireland and Latvia than what was promised in the last presidential election. Something has to give politically if the economy is to change course. More to the point, what has to give is favoritism for Wall Street at the expense of the economy at large. What has made the U.S. economy uncompetitive is primarily the degree to which debt service has been built into the cost of living and doing business. Post-classical “junk economics” treats interest and fees as payment for the “service” for providing credit. But interest (like economic rent and monopoly price extraction) is a transfer payment to bankers with the privilege of credit creation. The beneficiaries of providing tax favoritism for debt are the super-rich at the top of the economic pyramid – the 2% whom Mr. Obama’s tax giveaway will benefit by over $700 billion. If the present direction of tax “reform” is not reversed, Mr. Obama will shed crocodile tears for the middle class as he sponsors the Deficit Reduction Commission’s program of cutting back Social Security and revenue sharing to save states and cities from defaulting on their pensions. One third of U.S. real estate already is reported to have sunk into negative equity, squeezing state and local tax collection, forcing a choice to be made between bankruptcy, debt default, or shifting the losses onto the shoulders of labor, off those of the wealthy creditor layer of the economy responsible for loading it down with debt."
The Anti-Tax Protests: Not Just for the Right Wing (tags)
On tax day, April 15th, "Anti-tax" protests were held all over the nation, with some success. Thousands of people showed up in certain cities to vent their frustration with what was supposed to be a protest against taxation in general. The outcome was quite different. If one looked at the signs that were carried by the majority of the participants, messages were being sent that were impossible to disagree with: tax money should not be given to banks and corporations. Of course. Ordinary people should not have their taxes raised through higher sales taxes, and additional taxes on alcohol, cigarettes, property, or gas. Right on.
GM, The NY Times, & Marxism 101 (tags)
As Socialists, we are consistently asked to present our ideas in a clearer, easier to understand manner. To achieve this goal, I’ll enlist the help of former Governor of Massachusetts and candidate for the Republican Presidential nomination, Mitt Romney, who appeared in the New York Times Op-Ed section on Nov. 19th. Romney’s piece, entitled “Let Detroit Go Broke,” laid bare the intent behind the angry rhetoric used by politicians against the proposed bailout for the “Big Three” automakers. Whereas the giant Wall Street banks received over 1 trillion dollars — so far— without barely having to ask, an industry that actually produces something has to beg for a handout. Why the difference?
IRS has become a subsidy system for super-wealthy Americans IRS winks at rich deadbeats
Vote to Prevent War? (text) (tags)
Vote to Prevent War? (text)
The Democratic Trickle-Down Theory of Capitalism is Actually A Dictatorship (tags)
The Trickle-Down Theory of Capitalism is Actually A Dictatorship of Capitalism for the "Super Rich". (Good capitalism is a "trickle up" theory for the "Super Rich".). The Trickle-Down of Patriotism, Nationalism, and Capitalism. Corporations get billions for "Bailouts", Employee's get pink slips..... USA trickle-down theory, and practice; In a capitalist stock market. A PEACEFUL WORLDWIDE HUMANITARIAN PROTEST AGAINST WAR AND U.S. NATIONALISTIC ECONOMIC AND GOVERNMENTAL WAR POLICY.
The "Democratic" Trickle-Down Theory of Capitalism is Actually A "Dictatorship" (tags)
The Trickle-Down Theory of Capitalism is Actually A Dictatorship of Capitalism for the "Super Rich". (Good capitalism is a "trickle up" theory for the "Super Rich".). The Trickle-Down of Patriotism, Nationalism, and Capitalism. Corporations get billions for "Bailouts", Employee's get pink slips..... USA trickle-down theory, and practice; In a capitalist stock market. A PEACEFUL WORLDWIDE HUMANITARIAN PROTEST AGAINST WAR AND U.S. NATIONALISTIC ECONOMIC AND GOVERNMENTAL WAR POLICY.
Trickle-Down Patriotism-Nationalism-Capitalism (tags)
Corporations get billions for "Bailouts", Employee's get pink slips..... USA trickle down theory-practice in capitalist stock market. A PEACEFUL WORLDWIDE PROTEST AGAINST WAR - WAR is TERROISM! Sell Your Corporate Stock for PEACE! SUFFER THROUGH PEACE - NOT WAR!