Tag Archives: Republicans

U.S. Incomes Fall Sharply and Millionaires Don’t Pay Taxes

Welcome to the wonderful world of the Rich….

Where more and more Millionaires don’t pay any taxes while the average U.S. income plunges…

You can thank the GOP for this and, again, thank the Dems for letting them get away with it.

It’s becoming increasingly clear, neither Party is looking out for the Middle Class or the average American.  In Washington today, it’s all about how to help the Rich get more and keep more.

As my friend Phillip reminded me, it’s looking more and more like 1937 again.

President Obama could have been FDR, but I’m afraid he’s on the verge of becoming Herbert Hoover.

From Reuters (emphasis mine):

U.S. incomes plummeted again in 2009, with total income down 15.2 percent in real terms since 2007, new tax data showed on Wednesday.

The data showed an alarming drop in the number of taxpayers reporting any earnings from a job — down by nearly 4.2 million from 2007 — meaning every 33rd household that had work in 2007 had no work in 2009.

Average income in 2009 fell to $54,283, down $3,516, or 6.1 percent in real terms compared with 2008, the first Internal Revenue Service analysis of 2009 tax returns showed. Compared with 2007, average income was down $8,588 or 13.7 percent.

Average income in 2009 was at its lowest level since 1997 when it was $54,265 in 2009 dollars, just $18 less than in 2009. The data come from annual Statistics of Income tables that were updated Wednesday.

The average tax rate was 11.4 percent, up from 10.5 percent in 2007, the Internal Revenue Service data showed.

No income tax was paid by 1,470 of the 235,413 taxpayers earning $1 million or more in 2009, compared with the 959 taxpayers with million-dollar-plus incomes who paid no income taxes in 2007.

via U.S. incomes fell sharply in 2009 | Reuters.

Leave a comment

Filed under Elections, The Economy

Stock Market Plunges…

I hate to say it, but “I told you so”.

Congress is hurting the recovery, not helping it….

I’m afraid, it’s only going to get worse…

I’ll blame the GOP for creating this false Budget Deficit crisis which drove behavior in DC that only made things worse….

And I’ll blame the Dems for not having the guts to stand up to the GOP/Tea Party to force them to address the real issue:  Jobs.

From CNN:

Poof! There goes any progress stocks made in 2011.

Stocks plunged Thursday, with the Dow tumbling 400 points to hit its lowest level since December, as global economic fears gripped the market.

U.S. markets were already sharply lower on widespread worries, including the weak job market. But the selling gained momentum as Japanese and European policymakers stepped in with dramatic measures to shore up their financial markets.

There’s “total fear” in the market, said Bob Doll, chief equity strategist at the world’s largest money manager, BlackRock.

All three major indexes tumbled more than 3% Thursday and erased all their gains for the year. The indexes have also pushed into ‘correction’ territory – defined as a 10% drop from their highs earlier this year. Over the past 10 days alone, the Dow, S&P 500 and Nasdaq have dropped more than 8%.

“In the last two weeks, we’ve been through the ringer,” said Rich Ilczyszyn, market strategist with futures broker Lind-Waldock. “When we start looking at the recovery, there’s nothing to hang our hats on anymore.”

via Market Report – Aug. 4, 2011 – CNNMoney.

1 Comment

Filed under The Economy

Do Republican Presidents Lead to Murder and Suicide?

Another reason to vote Democratic!

This is a fascinating theory put forth in this new book that is reviewed, below, in the Washington Post:

James Gilligan makes it clear where he comes down on the issue. Gilligan, a psychiatrist and professor at New York University, presents his new book, “Why Some Politicians Are More Dangerous Than Others,”as a kind of murder mystery, or more precisely, a look at a mystery about murder, in which he includes self-murder, or suicide.

His inquiry explores why rates of homicide and suicide tend to increase together, and why those rates fluctuate so enormously over brief periods of time.

Gilligan tracked rates of suicide and homicide over a century, from 1900 to 2007 and was intrigued by the peaks and valleys he saw. Over that period, he writes, “I saw three large, sudden, and prolonged increases and decreases in these measures of lethal violence, which reached a peak and were then followed by equally dramatic decreases.”

He scratched his head over that until he realized that “all three of the epidemics of lethal violence corresponded with the presidential election cycle.”

Now, the next part of this item will get Republicans’ noses out of joint and will no doubt start Democrats thumping their chests. What Gilligan found was that suicides and homicides started climbing to epidemic levels following the election of a Republican president. If that isn’t annoying enough to the Grand Old Party, he also discovered that the rates remained around epidemic levels throughout the time Republicans occupied the White House. “The increase began during their first year or years in office, and peaked in their last year or years,” Gilligan writes.

And what happened when a Democratic president toodled up to the White House gate in a moving van? Those epidemic levels of violence, according to Gilligan, began to reverse direction in the first year or two of a Democratic administration and the rates reached their lowest point in the last year or years of the Democratic term.

Pure happenstance, right? Gilligan won’t hear of it — his analysis, he says, proves otherwise. The changes in the rates of violence occur “with a magnitude and consistency that could not be attributed to chance alone.”

So, what’s behind it? Gilligan uses an investigative technique that he says is similar to the one medical researchers deployed to establish a link between cigarette smoking and lung cancer. And he reaches a similar conclusion: “As cigarette smoking has been shown to increase the rates of lung cancer,” he writes “so the presence of a Republican in the White House increases the rates of suicide and homicide.”

The cause: policies. In Gilligan’s view, the policies of Republican administrations increase socio-economic distress which has all sorts of ramifications that lead to higher rates of murder and suicide, while Democratic administrations reduce socio-economic distress which aids the psychology of the masses and brings down the levels of violence.

Gilligan’s book, published last month by Polity Books, will, if nothing else in our summer of political discontent, get both sides howling over its conclusions.

via Beware of dangerous politicians – Political Bookworm – The Washington Post.

Leave a comment

Filed under Elections, Politics, Uncategorized

Don’t Have Sex—You Will Get Pregnant and Die

This is truly sad…

Someone needs to introduce the “Bristol Palin Sex Education Bill” in Congress to bring the U.S. into at least the 20th Century in sex education.  It will take a while longer to get to the 21st…

I don’t know how many times it has to be proven that abstinence only sex education does not work….

I don’t think the Religious Right needs to worry about schools teaching kids how to have sex.  They can figure that part out.  It’s the part about avoiding pregnancy and STD’s that they need to learn.  God knows, s0me parents won’t tell them….

Need we look farther than Sarah Palin’s daughter Bristol?

From The Nation:

There is no significant difference in the rates of teenage sexuality in the United States compared to other similar, developed western countries. American teens are simply far less likely to use contraception. It is no surprise that the United States has one of the highest teen pregnancy and STI rates in the developed world.

Sexuality education in the United States has evolved to teach everything besides sex itself. Although teenagers in more progressive schools may learn how to slide a condom onto a banana, they rarely learn how to access birth control conveniently and affordably. Instead, students in both abstinence only and comprehensive programs are given projects that test and assess their knowledge of how to avoid sex, rather than their knowledge of sexual health. At the end of a typical course, many students know that they can “go to the movies” or “play soccer” instead of having sex, but they do not know what to do in case their alternative activities plan falls through and the condom breaks.

via Don’t Have Sex—You Will Get Pregnant and Die | The Nation.

Leave a comment

Filed under Education

Robert Reich is none too happy with the President or Dems in Congress

Great article from Robert Reich.

He pretty much nails it…

I can’t begin to tell you how disappointed I am in the President and the Democrats for not standing up for our core values and fighting to do the right thing to restore the economy.  They are being bullied by the Tea Party minority and don’t seem to have the nerve to stand up to them….

Here is an excerpt and a link to the full article:

Many months ago, when Republicans first demanded spending cuts and no tax increases as a condition for raising the debt ceiling, the President could have blown their cover. He could have shown the American people why this demand had nothing to do with deficit reduction but everything to do with the GOP’s ideological fixation on shrinking the size of the government — thereby imperiling Medicare, Social Security, education, infrastructure, and everything else Americans depend on. But he did not.

And through it all the President could have explained to Americans that the biggest economic challenge we face is restoring jobs and wages and economic growth, that spending cuts in the next few years will slow the economy even further, and therefore that the Republicans’ demands threaten us all. Again, he did not.

The radical right has now won a huge tactical and strategic victory. Democrats and the White House have proven they have little by way of tactics or strategy.

By putting Medicare and Social Security on the block, they have made it more difficult for Democrats in the upcoming 2012 election cycle to blame Republicans for doing so.

By embracing deficit reduction as their apparent goal – claiming only that they’d seek to do it differently than the GOP – Democrats and the White House now seemingly agree with the GOP that the budget deficit is the biggest obstacle to the nation’s future prosperity.

The budget deficit is not the biggest obstacle to our prosperity. Lack of jobs and growth is. And the largest threat to our democracy is the emergence of a radical right capable of getting most of the ransom it demands.

Robert Reich is none too happy with the President or Dems in Congress.

Leave a comment

Filed under Congress, Elections, Politics, The Economy, Uncategorized

Seeking Arrangement: College Students Using ‘Sugar Daddies’ To Pay Off Loan Debt

I wonder if this is what the GOP has in mind when they talk about small businesses and entrepreneurs?

It’s their policies that are driving this, so I hope they are willing to take ownership…

Or was this just another economic benefit for the Rich that they snuck in?

From TheHuffingtonPost.com:

 

Saddled with piles of student debt and a job-scarce, lackluster economy, current college students and recent graduates are selling themselves to pursue a diploma or pay down their loans. An increasing number, according to the the owners of websites that broker such hook-ups, have taken to the web in search of online suitors or wealthy benefactors who, in exchange for sex, companionship, or both, might help with the bills.

The past few years have taken an especially brutal toll on the plans and expectations of 20-somethings. As unemployment rates tick steadily higher, starting salaries have plummeted. Meanwhile, according to Jeffrey Jensen Arnett, a professor of psychology at Clark University, about 85 percent of the class of 2011 will likely move back in with their parents during some period of their post-college years, compared with 40 percent a decade ago.

Besides moving back home, many 20-somethings are beginning their adult lives shouldering substantial amounts of student loan debt. According to Mark Kantrowitz, who publishes the financial aid websites Fastweb.com and Finaid.org, while the average 2011 graduate finished school with about $27,200 in debt, many are straining to pay off significantly greater loans.

Enter the sugar daddy, sugar baby phenomenon. This particular dynamic preceded the economic meltdown, of course. Rich guys well past their prime have been plunking down money for thousands of years in search of a tryst or something more with women half their age — and women, willingly or not, have made themselves available. With the whole process going digital, women passing through a system of higher education that fosters indebtedness are using the anonymity of the web to sell their wares and pay down their college loans.

via Seeking Arrangement: College Students Using ‘Sugar Daddies’ To Pay Off Loan Debt.

Leave a comment

Filed under Education, Politics, The Economy, Uncategorized

Reagan Aid: Chunk of GOP Either Stupid, Crazy, Ignorant or Craven Cowards

It’s been a long time since I agreed with a Republican about anything, but this certainly sounds right to me….

From RawStory.com:

Historian Bruce Bartlett, a former domestic policy adviser to President Ronald Reagan, sat down with MSNBC’s Chris Matthews on Wednesday to discuss the national debt.

Bartlett said it was a myth that tax cuts are the key to prosperity, noting that Reagan raised the capital gains rate. He was also skeptical that Congress would be able to solve the current budget crisis.

“I think at this point, there’s nothing that can pass the House of Representatives,” he said.

“I think a good chunk of the Republican caucus is either stupid, crazy, ignorant or craven cowards, who are desperately afraid of the tea party people, and rightly so.”

via Bruce Bartlett: Chunk of GOP either stupid, crazy, ignorant or craven cowards | Raw Replay.

Leave a comment

Filed under Elections, Polls

Apple now has more cash than the U.S. government – CNN.com

Good for Apple-one of my favorite companies that makes many of my favorite products.

Bad for the U.S Government.  And kind of embarrassing….

From CNN:

Maybe the cash-strapped U.S. government should start selling iPads.

According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That’s still a lot of money, but it’s less than what Steve Jobs has lying around.

Tech juggernaut Apple had a whopping $76.2 billion in cash and marketable securities at the end of June, according to its last earnings report. Unlike the U.S. government, which is scrambling to avoid defaulting on its debt, Apple takes in more money than it spends.

This symbolic feat — the world’s most highly valued tech company surpassing the fiscal strength of the world’s most powerful nation — is just the latest pinnacle for Apple, which has been on an unprecedented roll.

U.S. debt: How did we get here?

Its Macs, iPhones and iPads remain hot sellers, its stock has surged past $400 a share and Apple just became the world’s largest smartphone vendor by volume.

There’s been a lot of speculation about what Apple might buy with its piles of cash — Facebook and Sony being two of the more high-profile examples — but the company doesn’t seem to be in any hurry to make a move.

“We don’t let the cash burn a hole in the pocket or make stupid acquisitions,” CEO Jobs said last fall. “We’d like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future.”

Offering Uncle Sam a short-term loan is probably not one of them.

via Apple now has more cash than the U.S. government – CNN.com.

Leave a comment

Filed under Politics, The Economy

My Thoughts: How to Solve the So-Called Debt Crisis: Sell Texas

I’m so tired of hearing all the foolishness in Washington about this manufactured debt crisis the Republicans came up with as an excuse to drive their agenda.  It’s gotten all out of their control now and is threatening all kinds of dire consequences if they force us into default on the national debt.

Well, I have figured out my own solution.  Except for Austin and a couple of other nice cities, lets just sell off Texas.  I’ve been there.  Believe me, we won’t miss it.

Their Governor, Rick Perry, and the Republicans there keep threatening to secede anyway, so lets just sell them off to the highest bidder and make everyone happy.  Surely we would get enough from Mexico or China or someone to greatly reduce the national debt and they would be free of the Washington government they seem to hate so much…

That’s not too much of a sacrifice for them to make, is it?  If they are as patriotic as they claim to be, surely they will be glad to do this for the greater good of the country  They keep saying we have to do something NOW and sacrifices are necessary.  So, let’s sacrifice by selling Texas.  I would much rather do that than cut Medicare, Medicaid or Social Security.  I hope Ann Richards and Molly Ivins would approve…

And we would get rid of a lot of the fools Texas sends to Washington to cause all this trouble…

Makes as much sense as most of the “real” solutions coming out of Washington.

Leave a comment

Filed under Politics, Scott's Commentary

Palin’s ‘Undefeated’ is Defeated at Box Office and Already on Pay-Per-View–The Raw Story

Sounds like her 15 Minutes of Fame may finally be over….

God knows, I’m tired of her and hopefully everyone else is too…

They’ve moved on to Michele Bachmann, who’s even crazier and much more amusing….

Hopefully this is on the Pay Per View Channels next to the Pay Per View porn channels.  That’s where it belongs….

Further evidence Sarah Palin has lost her crowd appeal.

The Undefeated, the documentary (propaganda film) Palin commissioned about herself ahead of a possible 2012 run, has already bottomed out at theaters.

The movie received wide release back in June but failed to catch on with the masses, pulling in a measly $24,000 despite opening in 14 Tea Party friendly venues, reports The Wrap.  An Atlantic writer witnessed the empty theater phenomenon firsthand.

In the hopes of making up some of that lost revenue the film’s distributor Arc Entertainment is going the pay-per-view route and making the film available  through satellite companies such as DIRECTV, DISH Network and Time Warner Cable.

Palin has never fully recovered from her ‘blood libel’ response to the Gabby Giffords shooting.  She saw a brief resurgence in popularity last month when she lead the press on a wild goose chase after her bus tour but has since passed (presumably unwillingly) the rogue baton to Michele Bachmann.

One imagines if you can’t get more than 24,000 people to pay for your movie it’s unlikely you can get the majority of the country to vote for you.

via Palin’s ‘Undefeated’ is defeated at box office, already on pay-per-view | The Raw Story.

1 Comment

Filed under Broadway, Elections, Politics